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

To: TimF who wrote (527601)	11/10/2009 3:40:42 PM
From: tejek	Read Replies (1) \| Respond to of 1577025

Raising taxes now would be foolish. Agreed. It should be the end of next year assuming the economic recovery continues.

To: TimF who wrote (527601)	11/10/2009 4:20:01 PM
From: Joe NYC	Read Replies (1) \| Respond to of 1577025

Tim, Raising taxes now would be foolish. You'd create a (short term, demand side) anti-stimulus, while at the same time reducing and distorting investment and hard work that would otherwise help us increase our wealth in the long run. Suppose the marginal rate is increased 5% across the board, including the freeloaders who pay 0% federal income tax. Now, on one hand, it would be depressing the economy, but on the other hand, maybe it would increase the constituency for cutting the spending. That is what is really needed to save this country. The constituency for fiscal sanity is a minority, as majority of population has no stake (if they don't look beyond today) in fiscal sanity... Joe