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

To: Mr. Whist who wrote (280901)	7/27/2002 12:34:57 PM
From: greenspirit	Read Replies (2) \| Respond to of 769670

res- Your argument fails because you assume that if businesses ... particularly big businesses ... were allowed to keep more tax money, said money would be used for constructive purposes, e.g., expanding the business, hiring more workers, thus increasing the tax base in this country. Of course they do. Microsoft has gone from 10 thousand people to 40 thousand in the past 10 years because they kept more of their own money and expanded operations. Thousands upon thousands of other companies (big and small), have done the same in the past two decades. Your argument fails because it assumes taking money from businesses and giving it to the government will increase overall employment. It won't in the long run. That's pure hogwash. Given the current system of taxation, tying tax breaks toward building plants in the U.S. is a good move, and I would support it. Many states already compete by using tax incentives for large plants. So, it's not as if this is a new idea. I would also wager most Republicans would support the concept. Perhaps, you should encourage liberal Democrats in congress to get onboard the program. Increasing tax rates in order to meet the budget shortfall is the wrong way to go. Cutting wasteful government spending is. We have literally hundreds of thousands of projects, costing billions of dollars sucking the life energy out of every American. Pork barrel politics won't end until we have term limits. Guess who is fighting tooth-and-nail against that? The more we increase taxes, the more difficult it will be for our children to prosper in the future. The more taxes go up, the more the baseline shifts and spending increases. As the pain threshold gets higher and higher, the burden gets greater and greater on our children and grandchildren. Cutting spending is the answer. Cutting spending. It's as simple as that. Unfortunately, the system is now designed to encourage just the opposite to happen. The system encourages politicians to "bring home the bacon", meaning more and more wasteful government spending programs. Until we have term limits, and shift the reward mechanism away from spending. Taxes will continue to go higher, spending will continue to go up, and the burden will get greater and greater on our children.