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

To: louel who wrote (140247)	3/26/2018 3:13:33 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 217714

Since 1980 America has provided subsidized low tax rates, financed with debt. Providing an economy with tax rates which are substantially below the tax rates of other industrialized nations has actually slowed economic growth in America contrary to the fantasies of those who pitched these tax policies. There's a number of reasons, but one of the most obvious is that many people have a preferred lifestyle and tend to work less once they achieve that, even when that satiation has been created by a subsidized tax rate. And people work more and harder when they're below their preferred lifestyle - even if that reduction was caused by an increased tax rate. Another obvious factor is the wealthy don't often employ their capital themselves. People who do are more careful and more demanding with their money than a money manager dealing with opm. Reducing marginal rates on the wealthiest has created such a large surplus to their desired lifestyle that we live in primarily an opm economy with the capital owners focused primarily on pointless pursuits like buying counterfeit fine wines at auction, or in my case making ceramic art - which is not a business by any stretch of the imagination.