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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: wonk who wrote (127127)	7/24/2005 2:01:05 AM
From: LindyBill	Read Replies (1) \| Respond to of 793717

I have no answers for here. I do know that “taxes bad” or “cutting taxes for business is good ” are just slogans and far too simplistic to help inform decisions which effect the long term prosperity of the USA. Try looking at it from the viewpoint of "what brings the maximum amount of business to the USA?" People doing business here are bring in capital and spending money here, one way or the other. It is to the advantage of the country to maximize this effect. The tax consequences are secondary. We want rich people to live here. Let them be ostentatious here. Tie up their yachts in our marinas. Rub our noses in their wealth. Move and keep their businesses here because they can make a bigger buck here than they can overseas. We are moving to a society where people can live and work anywhere. Let's make sure they would rather do it here. Those here do better when they do.

To: wonk who wrote (127127)	7/24/2005 9:15:55 AM
From: JohnM	Respond to of 793717

Moreover, I can see a stronger case for the argument made in terms of corporate taxes, though I suspect I would still not find it convincing. Stay unconvinced. You're posts are new to me, ww. I haven't posted here for sometime so you may well have been posting in my absence. But please continue to post. That's a superbly helpful post.

To: wonk who wrote (127127)	7/24/2005 11:35:12 AM
From: Ilaine	Respond to of 793717

"Running on fumes"? As if. Uncle Sam is rolling in dough, but in your mind he's got a tin cup with a nickle or two at the bottom, rattling around forelornly. Would you rather that US citizens and businesses that pay tax on income earned overseas to foreign governments ALSO pay tax on the same income in the US? Because that's the alternative. And it would kill that kind of business deader than a doornail. Businesses would go completely offshore rather than pay tax on the same income twice. It's a great way to kill American industry altogether. Keep thinking, I bet if you try hard enough you can invent autarky (and capital controls, you'll need them).