THREAD IS CLOSED!!! Ask Rande 6000+ USE NEW THREAD: Greenspan is clearly on record as preferring tax cuts to more sp

» Rande - Greenspan is clearly on record as preferring tax cuts to more sp

Greenspan is clearly on record as preferring tax cuts to more spending. If you believe that Congress will not spend the bulk of the surplus, then I want some of whatever it is you're smoking. As for tax rates here being still lower than much of Europe (about equal to Great Britain), it is the direction that is important. The estate tax may be getting all the press, but what we really need is an elimination of the capital gain tax as well as tax on income and dividends -- we discourage savings and encourage spending with this taxation on investment. A lowering of the marginal income tax rates is in order as well. Whenever the cost of capital is lowered, the value of capital increases. The resulting growth and productivity will raise all boats, including government revenue.

When, exactly, was it that so many became brainwashed about tax cuts being "risky?" Madison Avenue couldn't have done a better job.

-- posted by Rande