Quote:
Originally Posted by Nebe
Higher taxes equate to higher economic growth due to companies looking to achieve maximum deductions to lower their taxes by means of hiring more employees or more expenses. Lower taxes equal higher profits. It ends there.
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"Higher taxes equate to higher economic growth"
Oh my, yes. Which explains the surging economy in high-tax places like Connecticut, Venezuala, Cuba, and the Soviet Union.
"Lower taxes equal higher profits. It ends there"
Wrong. This is economic illiteracy at its absolute zenith. It only "ends there", if the business owners bury that profit in their backyards and leave it there, or I guess if they burn it. Nebe, is that what you do with your profits? I bet it isn't. And if you either (1) spend that profit to buy things, (2) invest that profit to grow, (3) put it in the bank and save it, or (4) invest it in the stock market, or (5) give some of it to charity...if you do ANY of those things, the profit most certainly does not "end there", it gets re-circulated and helps the economy.