The Motley Fool Discussion Boards
Retirement Discussions / Retired Fools
|Subject: Re: Is your 401(k) Inadequate For Retirement||Date: 8/3/2008 5:17 PM|
|Author: ChurchyLaFemme||Number: 13790 of 20240|
What's your plan to raise enough funds to repay all the money George Bush borrowed from China to pay for the millionaire tax cuts? Seems fair to me that we would ask the people who benefited from the tax cuts to repay the loan -- with interest.
Repay it? Hell, dude, he wants another tax cut.
I think a lot of people forget that the Laffer Curve was a curve and not a straight line. At some point, tax cuts don't increase revenue, they decrease it.
I mean, if you're stuck with the mantra "Lower Taxes, Higher Revenue", the logical conclusion is that zero taxes will generate infinite revenue. I ain't holding my breath for that to happen.
|Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|