Using long, drawn-out processes to put money into circulation to meet an emergency is like mailing a letter to the fire department to tell them that your house is on fire.
If you cut taxes tomorrow, people would have more money in their next paycheck, and it would probably be spent by the time they got that paycheck, through increased credit card purchases beforehand.
http://www.gopusa.com/commentary/tsowell/2009/ts_01271.shtml
Subscribe to:
Post Comments (Atom)
1 comment:
I vote for decreased taxes. Oh ya thats right we no longer get to vote for taxes we are just expected to pay them when they are levied. The taxation without representation theory went out the window when they signed the Declaration of Independence and formed an electoral form of government. I almost wish we lived under a dictator so we would all be poor across the board rather than the rich getting richer and the poor getting poorer.
Post a Comment