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

To: Road Walker who wrote (299958)	8/18/2006 10:45:56 PM
From: TimF	Respond to of 1572776

re: 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. Will anyone now alive enjoy that benefit? How many centuries are we talking about? Its probably more like decades than centuries. Depending on the type of cut it can even be years. But even before the tax cut actually "pays for itself", it still provides a benefit. If the economy is a few percent larger that's a benefit even if the economy isn't enough larger to have the extra tax base make up for the lower rates. re: 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. So we're not talking about anything pragmatic... more theoretical? Its a pragmatic action, but the politics of it can cause the action to be canceled thus reducing or perhaps even eliminating, the long term benefit.