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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: John Vosilla who wrote (109324)12/29/2014 6:35:26 PM
From: Elroy Jetson3 Recommendations

Recommended By
ggersh
Haim R. Branisteanu
Tommaso

  Read Replies (3) | Respond to of 218620
 
America could have easily invested the surplus generated by the Social Security and Medicare taxes in infrastructure projects which generated fee income, rather than spending the surplus on major income tax rate cuts for the wealthiest Americans.

The sad part is the cut in income tax rates actually reduced the rate of economic growth, just as most economists predicted it would. With lower tax rates people don't have to work as hard, or as long, to realize their desired level of income.

Ronald Reagan's economic policies were simply catastrophic. We need to learn from this - never again.