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To: Scumbria who wrote (117373)	11/12/2000 3:25:01 PM
From: Robert Salasidis	Read Replies (2) \| Respond to of 186894

I like to use this as an example. If someone landed several million dollars in your lap, how many years before you started making real investment money using your new found wealth (I mean creating real jobs, building infrastructure etc - not investing in Tbills or the stock market). I think anyone would see that this is not an overnight process. It takes time to start a new business, or even invest in upgrading older businesses. Ones these investments are made, then if successful, one is able to grow, and start hiring. I would therefore never expect a change in GDP, government revenues etc to occur on the year following a tax cut. In fact most companies or individuals being prudent would likely take several years to make studying new business oportunities prior to investing. True growth then occurs when these investments finally start paying off, and then taxes can start to be collected on the profits generated. This is the basis to the arguement that the growth in the economy over the last 15 or more years is a direct result of the Reagan tax cuts of the early 80's. Being Canadian, I am both thankful (though lagging the US growth rate we have nonetheless benefitted markedly from the improved US economy), and frustrated that our Canadian governments have not followed the same example.