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

To: Road Walker who wrote (512970)	9/15/2009 10:32:23 AM
From: i-node	Read Replies (2) \| Respond to of 1575584

Business depends on infrastructure, and infrastructure depends on taxes. Then why are businesses fleeing from jurisdictions where taxes are high? Businesses, like individuals, DO NOT WANT their money confiscated to provide some nebulous infrastructure. Don't want it, don't need it. The value of the dollar, and our subsequent wealth, depends on a balanced budget, which depends on taxes. Oh, bullshit. Tax collections go UP every time you cut taxes. Reagan cut taxes, collections skyrocketed. Bush cut taxes, collections were through the roof. JFK cut taxes, the economy took off. Even when Clinton cut taxes, collections -- the economy had stagnated until the Clinton cuts, and that's when the economy actually took off. Every time you increase taxes, you get a slowed economy. Look at Coolidge in the 20s, Hoover in 32, FDR who managed to prolong a depression for a full decade with tax hikes, and LBJ-Nixon-Ford-Carter, who brought us the worst economy of the last century. I'm not sure what your line of work is but economics, it isn't.