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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (29790)8/17/2000 1:36:11 PM
From: greenspirit  Read Replies (1) | Respond to of 769667
 
The answer is "no one knows". Models predicting various scenarios could be developed. And based on who designed and created them, the arguments could go either way.

Kenneth, can you try and think about and answer this question.

Why did revenue's to government coffers surge when Reagan dropped the marginal tax rate in the early 80's? And why did revenue's increase as a result of a reduction in the capital gains taxes?

Michael



To: Kenneth E. Phillipps who wrote (29790)8/17/2000 1:57:08 PM
From: Bill  Respond to of 769667
 
I think we would.

The 15% goes back to where it was before the government grabbed it. It then gets re-invested in the market or spent on goods or services or saved. Can you imagine the economy we'd have if everyone had 15% more income?

But, then again, we'll never know for certain.


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