Wednesday, July 23, 2014

Another country heard from...

One of my readers sent me the link below, saying, "I knew that the Bush tax cuts were to blame for the continued tanking of the economy, but, not being an economist, I couldn't put my finger on why except for loss of capital for the gov't to use. Turns out there's a very simple explanation: if your tax rates are higher, you (as industry) have to invest more in your company to keep its economic engine running; if your taxes are lower, there's no disincentive to pull your money out whenever you can."

 http://www.dailykos.com/story/2014/07/13/1313738/-Democrats-struggle-to-understand-how-Bush-Tax-Cuts-wiped-out-6-6-trillion-in-personal-income