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Author: CM001 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 744713  
Subject: Re: One for the Obama Nutjob crowd Date: 10/25/2012 12:17 AM
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I would do what many are doing: keep the money in the bank at whatever interest is gained rather than spending it on a business that will lose money due to taxes and heavy-handed regulation.
The business loses money not because of taxes or regulation. The taxes and regulation is same for everyone, so the prices can up for consumer but you are not going to go out of business because of that. The reason business are not picking up is overall economy is suffering from deleveraging.

Clinton left an economy in surplus and Bush left it in complete collapse. The economy is free falling, the very existence of free market system as we know was at threat. The Bush left with a deficit that is running at a $1 Trillion + run rate and 2 unpaid wars, and unpaid tax cuts and unpaid expansion of Medicare.

Ignoring this context is simply not willing to look at the truth.

Romney understands business and knows taxation influences investment, Futher, he knows that the best way to improve the economy is leave more in peoples’ pockets;
The taxes didn't go up during Obama's term is the simple fact. He only proposed to increase the taxes on the very rich.

Most small businesses are not in that category. Also, the entire argument that if my taxes are 20% then I am motivated to work but not motivated to work at 30% is utterly foolish. Every single day I wake up and go to work and still motivated to work, even though I am paying close to 35% in taxes.

Let us not forget during Clinton and Regans term the taxes were much higher than now and no one felt like staying home and sleeping in their beds. So the concept only if you reduce the taxes people are motivated it totally discredited theory.
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