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

To: Tenchusatsu who wrote (679161)	10/17/2012 6:55:43 AM
From: Alighieri	Read Replies (2) \| Respond to of 1572941

History is rife with examples of them. AFAIK, there are no examples of cases where raising taxes directly led to prosperity. Anymore than there are examples where raising taxes lead to it either...in the last two decades clinton's tax increase was followed by a long and unprecedented period of prosperity (and, more directly causal, a budget surplus) while bush's tax cuts preceded an economic collapse...the best you could do is conclude that other more powerful forces have far more impact on the economy, YET romney's most prominent economic policy, the one he has made the centerpiece of his prescription for economic recovery, is almost completely based on tax cuts...it's voodoo... Al

To: Tenchusatsu who wrote (679161)	10/17/2012 10:51:52 AM
From: Alighieri	Read Replies (1) \| Respond to of 1572941

History is rife with examples of them. AFAIK, there are no examples of cases where raising taxes directly led to prosperity. Anymore than there are examples where lowering (correction from prior post) taxes lead to it either...in the last two decades clinton's tax increase was followed by a long and unprecedented period of prosperity (and, more directly causal, a budget surplus) while bush's tax cuts were followed (correction from prior post) by an economic collapse...the best you could do is conclude that other more powerful forces have far more impact on the economy, YET romney's most prominent economic policy, the one he has made the centerpiece of his prescription for economic recovery, is almost completely based on tax cuts...it's voodoo... Al PS: I must have been half asleep when I wrote this post...