Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (170098)	5/29/2003 2:41:41 PM
From: i-node	Read Replies (1) \| Respond to of 1583823

When did $330 billion become a small anything? How about 33 billion. The $330B figure is a ten-year figure, which is trivial next to 10 years worth of GDP.

To: tejek who wrote (170098)	5/29/2003 3:56:05 PM
From: TimF	Respond to of 1583823

When did $330 billion become a small anything? And please don't come back with its only a small percentage of the total GDP......$330 billion is huge esp. when you can't afford it. $330 bil over ten years, $33bil a year. Not all phased in right away so lets say $20 bil for the first year. $20 bil is a drop in the bucket compared to our government's spending and a rounding error compared to the whole economy. $1 is in a sense huge if you can't afford it, but numbers are only small are large in context. $20bil spread around the whole country doesn't make much of a splash. It won't have a very noticeable effect because it will go into the pockets of the people it will benefit......period. It won't be buried under a matress, it will be spent, saved, or invested. Any of the three will benefit the country more then giving it to the government. Excuse my cynicism but how many jobs were created by the last tax cut that was not supposed to be for the wealthy but to stimulate the economy? No one can ever know how many jobs are created by a change in taxes, but I would say a reasonable number where created or prevented from being destroyed. However even that larger tax cut was not a big enough factor compared to everything else that is going on in the economy and the world. Tax changes have effect at the margin and over time. A tax cut can be overwelmed by other factors so employment goes down, just as a tax increase can be overcome by other factors so the economy can do well after a tax increase. Also the full effect of either takes time, esp, when they are phased in. But its okay......like you said, the overall GDP is so much bigger, what's a couple of trillion more in spending especially when its going to go to such good causes as toppling Saddam. You measure the tax cut over 10 years to call it over $300bil, lets measure the government spending increase of a trillion a year over a 10 year period. You get $10tril dollars. And of course government spending will keep growing after that. Taxes don't get cut every year, year after year, but government spending grows just about every year. I think it has grown every year in my lifetime. but its okay to give it to the rich for pocket change Not taking as much money from someone as you used to is not giving them money. If I come over and grab $100 from your house each week and then I stop I have not suddenly given you a new $100 per week. Tim