If Taxes Are Evil…
…then “Red State” has the sensible and just economic solution:
But tax cuts actually are the answer. The economic weakness is a forgone conclusion, because it results from de-leveraging. You can’t put that genie back in the bottle.The most radical, and effective, thing we could do for the economy right now is this: Stop collecting all forms of Federal business, income and payroll tax. EVERY PENNY OF IT. RIGHT NOW.
Gasp! Yes, I said it, and I meant it. Go on an absolute, 100% Federal tax holiday. That’s a real shot in the arm that would suddenly inflate the economy by a solid $1.5 trillion or more per year.
– Balloon Juice by way of Eschaton
Tags: eschaton
At first I thought this was satire… oh my, talk about losing it.
We can solve all of our problems if we all kill ourselves! Yey!
Though you know they’ll be some jerk who chickens-out at the last moment.
…ugh, the stupidity!
I didn’t know Red State wanted to end the Iraq War! Won’t we have to bring them all home since we won’t be able to pay or supply them? Perhaps they think the grateful Iraqis will pay them instead.
No, see, the Chinese will lend us the money to maintain military bases on world oil reserves and shipping routes…
A simple fact- we could collect no personal income taxes this year in 2009 and we would have the same amount of money we had in 2000 because government has grown almost 40%.
Tax policy should exist to promote savings, growth and investment. If you do those things you get revenue, lots of revenue.
And how much has the DOD grown, Mike? Guess that would be cut to 2000 levels as well.
Mike Protack advocating Defense Cuts?
Tax policy should exist to promote savings, growth and investment. If you do those things you get revenue, lots of revenue.
Cuz my magic unicorn says so. Please ignore the past 8 years. Thanks!