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.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (159977)	2/14/2004 1:00:20 PM
From: Alomex	Read Replies (1) \| Respond to of 164684

Not all tax cuts are created equal. To give an extreme example, a US income tax cut for Americans whose principal residency is in Tasmania would have very small impact on this side of the world. On the other hand a broad-based tax cut to low and middle income families would be rapidly recycled through the consumer market and result in economic growth. Bush cut taxes on a group of financially-smart billionaries whose most likely move would be to take the money and invest it in a rapidly growing factory in China, or in an outsourcing facility in India, or even in a fix term deposit in Euros, and make money on currency appreciation. We do agree in one thing, though: all of this is basic economics, it has nothing to do with being democrat or republican, liberal or conservative. In fact quite a few republicans in Congress have criticized the large Bush deficits. Paul O'Neill has done so, as well as Alan Greenspan.