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 : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: John Koligman who wrote (115760)	9/11/2008 8:59:57 PM
From: Freedom Fighter	1 Recommendation Read Replies (1) \| Respond to of 132070

John, I think when you cut tax rates for everyone you do not transfer wealth. You give it back to the rightful owners. It's just a simple fact that "X" percent of a large number is a lot more money than "X" percent of a small one. So if you give the same % tax break to everyone, the rich get more back because they pay way more. But it was theirs to start! However, I think at times it may not make sense to cut taxes because government is larger than the existing revenue stream. This is one of those times. I can't prove it, but IMHO supply side economics is "half voodoo and half truth". I don't think $1 of tax cuts produces $1 of future tax revenue, but I think $1 in the hands of business and individuals produces greater economic growth than $1 in the hands of government. So if you cut tax rates, you don't get as big of a deficit as some think, but you get a deficit.