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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (1690)	7/16/2014 12:45:56 PM
From: Fintas	1 Recommendation Recommended By Kirk © Respond to of 26834

You are correct re Druckenmiller. Yet I hope you read his body language as well as listening to his words re the probability. Fintas

To: Kirk © who wrote (1690)	7/16/2014 3:36:58 PM
From: robert b furman	Respond to of 26834

Just another example of great minds thinking alike.<smile>

To: Kirk © who wrote (1690)	7/16/2014 5:48:18 PM
From: Jerome	Read Replies (2) \| Respond to of 26834

Hi Kirk, Your idea about reducing taxes to corporation to zero has been tried in Kansas. To Be polite about the matter....lets just call that plan a great disaster. Brownback ( A Republican.......is trailing his Democratic Opponent big time.....keep in mind that Romey carried Kansas by 22% points.....Its hard to lose an election as a Republican in Kansas.....but Republicans are backing his Democratic opponent in a very big way. His elimination of corporate taxes on profits was a first for the nation......There was no significant growth to the Kansas economy since his zero tax policy on corporations has been effect. washingtonpost.com By Paul Waldman July 16 at 12:28 PM While we’ve gotten used to Tea Party primary challenges to popular and seemingly secure Republican incumbents, something unusual is happening in Kansas. Governor Sam Brownback is facing an organized revolt from centrist Republicans, over 100 of whom just endorsed the presumptive Democratic nominee for governor, so disgruntled are they with the effects of Brownback’s rule. In many ways, Brownback’s term has been a perfect experiment in Republican governance. Take a crusading conservative governor, give him a legislature with Republican super-majorities so he can do pretty much whatever he wants, and let him implement the right’s wish list. The result was supposed to be a nirvana of economic growth and budgetary stability. But the opposite happened. The disastrous results of Brownback’s economic and fiscal policies demonstrate that it’s one thing for your average Republican to go around saying things like “cutting taxes raises revenue!” even if nearly every economist agrees that the idea is absurd (Greg Mankiw, chairman of the Council of Economic Advisers under George W. Bush, famously called the purveyors of this idea “charlatans and cranks”). It’ll never really be tested, at least not in a context where there aren’t so many other variables at play that any inconvenient results can be explained away. Republicans know that it’s bogus, but they like the way it sounds; after all, who wouldn’t love a free lunch? But if you bet a single state’s future on the idea — and you have the power to take it to an extreme — you’re going farther than anyone in Washington ever has to go. That’s what Sam Brownback did. In 2012 and 2013, Brownback and Republicans in the legislature cut income taxes twice, eliminated taxes on corporate profits that are “passed through” to individuals (making it the only state that does this), and since they’re Republicans, made changes to the tax code that had the effect of raising taxes on the poor (the Center on Budget and Policy Priorities has a good explanation of the tax changes and their effects). The governor has said his goal is to eventually eliminate the income tax completely. From your post: Reduce taxes on corporations to zer Best put that failed idea to rest......it does sound good and appealing to the tea party types but now we have concrete proof of the dismal results. [iframe id="google_ads_iframe_/701/wpni.opinions/plum-line/blog/plum-line_6" name="google_ads_iframe_/701/wpni.opinions/plum-line/blog/plum-line_6" width="300" height="250" scrolling="no" marginwidth="0" marginheight="0" frameborder="0" style="width: 300px; border-width: 0px; vertical-align: bottom;"][/iframe]