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	Name:	MartiniMan -
	Subject:	Economics Lesson
	Date:	10/8/2008 11:31:48 PM

Of course I have empathy for anyone that has lost their job. I have some very dear friends that have recently lost their jobs. But my point is how does increasing the tax burden help them in the least? What will help them, and this is an undeniable truth, is to reduce the tax burden on businesses so they can do what they do best, what they exist to do, and that is create jobs and prosperity. I understand the visceral appeal to getting even with the "rich" but all that does is hurt the middle class. I can tell you that taxes hurt my business and my ability to grow and add jobs. I recently closed our operations in California because after 5 years of trying we couldn't make money because of taxes and regulatory burdens. That is real life and five people making between $65K and $140K are on the street looking for a job. It breaks my heart to have to make a decision like that but after years of losses we could no longer justify being in that state.

If we reduced capital gains taxes, corporate income taxes, personal income taxes on those in the economy that create jobs we would unleash the economic engine, capital would flow back into the U.S. from the tax havens and as we saw after Reagan cut taxes, revenues to the Treasury will increase. It has worked every time it has been tried. Even Tom Brokaw pointed that out to Obama and he just wouldn't listen because he believes class envy is his ticket to power....and he may well be right. But will he help that Wall Street guy who lost his job? Nope.

Look, if you want to go that way then fine. Just don't insult our intelligence by acting like it actually makes sense or will work because it doesnt and it won't.

Other messages in this thread:

View Entire Thread

Trickle Down Economics - GoneFishin - 10/8/2008 7:02:13 PM

Economics Lesson - MartiniMan - 10/8/2008 9:26:54 PM

Economics Lesson - GoneFishin - 10/8/2008 10:09:36 PM

Economics Lesson - MartiniMan - 10/8/2008 11:31:48 PM

Trickle Down Economics - AUCATZ - 10/9/2008 9:17:40 AM

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