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Politics : Formerly About Advanced Micro Devices

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To: Alighieri who wrote (956500)	8/13/2016 6:25:12 PM
From: combjelly	Read Replies (1) of 1574683

You have to remember that Tim is an adherent of Austrian School economics. So he isn't bound by any semblance of reality. Because, theoretically, any tax cuts can be counterbalanced by equivalent spending cuts. So yes, you could cut taxes to zero by eliminating spending. Of course, you would have to shut down the government, but that would result in a massive increase in economic activity because the lack of regulations would cause an unprecedented economic boom. Now those rooted in reality that the resulting chaos would have all kinds of repercussions. A booming economy would probably not be one of them. Because we all know what kind of economic powerhouses Somalia and Afghanistan are, right? They claim those examples are bogus because they weren't all that great economic power before they fell into chaos. But there are historical examples of economic powerhouses, like Rome, which did not boom when their governments collapsed. The fact that their decline as economic giants declined in pretty much lockstep with their governments should be a clue, but when reality conflicts with ideology, well guess what wins with those who aren't grounded in reality?

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