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| *Loan,banking and credit>>>tax revenue |
Given that the tax cuts created during the Reagan and now Bush administrations have increased revenues...? |
to the government by stimulating businesses, which drive our economy, why are liberals opposed to tax cuts? I am against over spending, but what is wrong with strategic tax cuts? (Intelligent answers only) because liberals would rather tax and spend. i think it may be at least partly because liberals prefer keynesian economics that distrusts that the micro-level economic effects created by tax cuts (everyone has a little more to spend or invest, which means that everyone will make a little more money, which means that there will be a little more money to tax, which is a whole bunch of money in the aggregate). conservatives prefer classical economics - good ol' Adam Smith - and can trust that money has greater multiplier effects when put back in private hands than it does if the government takes it and "invests" (i.e., wastes) it for itself. Cuz they hate any and all freedom. I agree, If you ask me the best tax cut for EVERYONE would be a flat rate sales tax across the board so every one (legal or illegal) will be taxed the same percentage. It would be based on what the spend instead of what they make! Liberals will use any weapon to try to unseat republicans. It's easy to convince people with little economic savvy that tax cuts hurt poor people, even though the opposite is true. The other sad fact is that with increased revenues, it's impossible to keep politicians hands out of it, and spending always goes up. The left is against tax cuts because they want us to live in misery. That way we'll turn to government for salvation. Then they will have power over us. You are right, less taxes create more revenue. Simple. By and large they are of the notion that government is the engine of the economy. While we believe that its the people that are that. They then think that by increasing taxes, particularly on the "rich" and then transferring the funds via a gigantic and complex bureaucracy to the "poor" they magically stimulate the economy. Simple knowledge of economics refutes this socialist and idealistic notion. My prefered tax method is a national sales tax.. no one is exempt. Then strip out all income and payroll taxes. This, of course, would have democrats and some republicans(john mcaine) howling in pain. Because most liberals don't know that that even happened. They don't search for the truth, they search for whatever news justifies their preconcieved notions. I know this because I used to be a liberal. I voted for John Kerry inn 2004...it's THAT recent. I would have NEVER heard that those tax cuts increased revenues...they aren't reporting it on CNN and it's not something that fits the "I hate Bush" storyline, so I'd never had heard of it. |
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