Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : The Donald Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: grusum who wrote (16893)	11/10/2016 9:33:19 AM
From: GROUND ZERO™	Respond to of 74615

Reducing entitlements shouldn't be a problem... with lower taxes and less regulatory oversight, then businesses will grow, companies will return to this country, jobs will be created as a result, the velocity of the dollar will increase... this means less people needing and receiving entitlements... The Laffer Effect, presented by economist Arthur Laffer, has shown again and again that when taxes are reduced then federal tax revenues actually increase, and when taxes are increased that federal tax revenues decrease... this occurs because as taxes increase, then those who pay those higher taxes find ways to hide their money and end up paying less taxes as a result... and inversely, when taxes are reduced, then those same people are less likely to hide their tax liability... this means whether taxes are higher or lower, the same federal revenue occurs, BUT with lower taxes then those who make that money, instead of hiding it, can then reinvest it back into their businesses and grow their businesses and hire more people as they grow... The liberals never ran a business, they're mostly lawyers, they only say things that appeal to the uneducated and uninformed... with Donald at the helm, watch our economy take off, already look at the stock market, new all time highs are come very soon... GZ