Comments on: Time to Cut Taxes? http://www.creditwritedowns.com/2009/11/time-to-cut-taxes.html Finance, Economics and Markets Thu, 09 Feb 2012 21:23:35 +0000 hourly 1 By: chrisian http://www.creditwritedowns.com/2009/11/time-to-cut-taxes.html#comment-57513 chrisian Thu, 05 Nov 2009 00:36:00 +0000 http://www.creditwritedowns.com/2009/11/time-to-cut-taxes.html#comment-57513 I have to agree with goldi... on this one. Also, your examples on tax cuts don't prove what you imply. First of all, the rev. rates in the early 80's were distorted by a huge recession! Rates went down and then back up, not surprising. And your other two examples are the two times that rates were cut from REALLY HIGH down to more normal. All this tells you is that the tax rate that will maximum revenue is 75% or less. This post is pretty weak. I have to agree with goldi… on this one. Also, your examples on tax cuts don’t prove what you imply. First of all, the rev. rates in the early 80′s were distorted by a huge recession! Rates went down and then back up, not surprising. And your other two examples are the two times that rates were cut from REALLY HIGH down to more normal. All this tells you is that the tax rate that will maximum revenue is 75% or less. This post is pretty weak.

]]> By: Goldilocksisableachblond http://www.creditwritedowns.com/2009/11/time-to-cut-taxes.html#comment-57511 Goldilocksisableachblond Wed, 04 Nov 2009 20:16:00 +0000 http://www.creditwritedowns.com/2009/11/time-to-cut-taxes.html#comment-57511 Time to cut taxes ? No , time to reinstate the steeply-progressive rates that coincided with the only periods of REAL ( not debt-fueled) economic growth in the last century. Federal debt is only half the picture. One needs to look at private debt obligations combined with federal as related to GDP. Payments to private debt are as damaging to economic growth as taxes , they're taxes by a different name. Using highers taxes on the rich to fund job-creating infrastructure , green energy , etc. , will allow the working class to de-lever and ultimately spur a more rapid return to normal consumption levels , and consumption is still going to be an important part of our economy for a long time. This article is more supply-side smoke and mirrors ,a symptom of a widespread neurological problem known as " encephaLafferopathy". Time to cut taxes ? No , time to reinstate the steeply-progressive rates that coincided with the only periods of REAL ( not debt-fueled) economic growth in the last century.

Federal debt is only half the picture. One needs to look at private debt obligations combined with federal as related to GDP. Payments to private debt are as damaging to economic growth as taxes , they’re taxes by a different name.

Using highers taxes on the rich to fund job-creating infrastructure , green energy , etc. , will allow the working class to de-lever and ultimately spur a more rapid return to normal consumption levels , and consumption is still going to be an important part of our economy for a long time.

This article is more supply-side smoke and mirrors ,a symptom of a widespread neurological problem known as ” encephaLafferopathy”.

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