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

To: Road Walker who wrote (294498)	7/12/2006 6:48:45 PM
From: denizen48	Respond to of 1572758

re: The historical record of economic growth of countries with lower taxes and generally lower intrusion on the private sector compared to more socialist or interventionist countries. Any countries out there that qualify? Mexico? Chile? Brazil? Certainly not Canada, Germany, England, Sweden, ....

To: Road Walker who wrote (294498)	8/14/2006 7:37:48 PM
From: TimF	Read Replies (1) \| Respond to of 1572758

Well I did assume that the future will follow the pattern of the past, and there is no guarantee that it will, but otherwise the two statements where very similar. If the future does follow the past and lower taxes leads to better economic growth, even a slight bit of extra economic growth, than in the very long run tax cuts will pay for themselves most of the time, if they are sustained. OTOH it could require that they be sustained for a long time which might be unlikely, and they often might not pay for themselves in the time frames that most people consider, a year, an election cycle, even a decade. Also considering how much extra spending this administration has added the chance of being able to sustain the tax cuts is greatly reduced.