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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (852274)	4/27/2015 2:11:46 PM
From: TimF	1 Recommendation Recommended By locogringo Read Replies (1) of 1576267

.as a citizen of this country, you are required* to help pay for its gov't. Its not an option* Sure its not an option. The government will take you money. Buts its your money before the government takes it. Taking less isn't a redistribution to you, and your point about "its required" is irrelevant. If X revenue is needed to run the gov't There is not fixed amount needed to run the government. The government decides what its going to spend and can and does change that all the time. It could easily decided to spend less, and at least if it doesn't perversely cut the most valuable and important parts of spending doing so would be beneficial. The winger theory is that by cutting taxes it will generate income from other sources to make up for the loss to X. Generally not, except for taxes on investment, or from very high tax rates, or when lower tax rates are maintained for long enough time to allow the usually modest long term supply side growth rates to make up for the lost revenue from lower rates, also maybe in a recession where in addition to the longer term supply side benefit you could also get a temporary stimulus. (But in that specific case you would still have a deficit. Probably even an increasing deficit, just maybe one that doesn't increase as much as it would have.) Absent those special circumstances (or very long term perspective) tax cuts probably will reduce revenue. They will reduce what the government has, but increase what the private sector has. That's more often a good thing than a bad one. who refuse to work with the rest of us to make this country better* Except for targeted special interest tax cuts, tax cuts are almost always an effort to improve the situation in the country. Most of the time it actually does improve things, if often not as much as its proponents claim. (That's not specific to tax cuts, frequently policy changes have fewer or smaller benefits than the proponents of the policy claim)

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