Comment 62840

By Brandon (registered) | Posted April 28, 2011 at 21:27:25 in reply to Comment 62838

If Obama wants to help the economy of the U.S., he should cut tax rates and let average people direct the economy, rather than the government. Central planning doesn't work.

Because when taxes dropped in 2001 the economy took off and has never been better! Less taxes on the "job creators" and they'll create more jobs!

Except for the fact that they haven't, what's happened is that the "job creators" have extracted a whole pile of wealth for themselves.

Here's another theory: If taxes are low, it costs them less to take their money out. With a 20% rate if I pull $100k out it costs me $20k. With a 50% rate I only get $50k out of it so I'm less likely to want to pull it out, which leaves more for the company to spend on things like employees.

Permalink | Context

Events Calendar

There are no upcoming events right now.
Why not post one?

Recent Articles

Article Archives

Blog Archives

Site Tools

Feeds