From: Dossy (dossy@panoptic.com)
Date: Sat Jul 05 2003 - 19:30:31 MDT
On 2003.07.05, Lee Corbin <lcorbin@tsoft.com> wrote:
> However, upon talking to yet others, I have been subsequently
> thinking (perhaps mainly only in my mind, after all, like normal
> people) that the phenomenon of wealth creation, in a number of
> circumstances, indeed can be advanced by tax cuts, and perhaps
> even by printing more money! How is this possible?
Sey's law: Supply generates its demand. Give people money and they'll
find a way to throw it away--err, spend it.
Most people don't know how to save money. If they don't have to give it
up to the IRS, they'd give it to someone else. So, tax cuts really is
an alternate form of taxation: instead of people giving their money to
the government who then has the burden of budgeting and distributing it
out to government organizations, a tax cut effectively cuts out the
government as the middle-man and sends that money directly back out into
the economy.
-- Dossy
-- Dossy Shiobara mail: dossy@panoptic.com Panoptic Computer Network web: http://www.panoptic.com/ "He realized the fastest way to change is to laugh at your own folly -- then you can let go and quickly move on." (p. 70)
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