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 Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (149115)	1/6/2020 2:29:32 AM
From: i-node	Read Replies (2) \| Respond to of 356340

>> And much of that $852 billion was tax cuts. You do know that, don't you? Yeah. Targeted by idiots. We have discussed this innumerable times. You can't just make tax cuts willy nilly and expect good results. When tax cuts are payments to people who spend the money on consumption you're not doing anything. Consistently, the tax cuts that cause growth are those which result in increased investment. JFK added Section 38 (Investment Tax Credit) and the precursor to modern Section 179 (Bonus Depreciation). Section 38 et seq., was one of the most productive tax incentives ever created. They were nuts for getting rid of it. I had more taxpayers leave my office in December to buy new vehicles, equipment and other qualifying Sec 38 personalty than you can imagine -- Securing tax returns before they made the first payment on the note. Tax cuts for consumers are shit. Total waste of money. If you want to see tax cuts work dump the corporate income tax. Oh, we did that, didn't we? Well, do the rest. Kill Subchapter C dead, totally dead, and you'll see even more great economic news. Hell, the corporate tax doesn't bring in big money anyway because of the Foreign Tax Credit. I have no idea how you think giving consumers a cut they can spend to buy a combo at McDonalds is stimulative. We've seen it fail time and again.