"Eisboch" wrote in message
...

"thunder" wrote in message
t...

On Sun, 18 Jan 2009 11:30:33 -0500, BAR wrote:


We need a long term solution, something that is going to give everyone
long term confidence that the economy is going to improve. Eliminate
corporate taxes, reduce capital gains taxes and cut personal income
taxes in half but, make sure that everyone who earns income pays taxes.
No individual gets a free ride on taxes. This will get the economy
moving again. The people will have confidence that they will have more
money to spend themselves. Businesses will have more money to spend on
capital equipment and the ability to hire more people. Investors will be
encouraged to move their money into ventures that may produce greater
returns.


Sell that tired Republican BS to someone else. If you haven't noticed,
we have been doing what you suggest for the past 20 years, and look where
it's gotten us.



A growing, expanding and healthy business base and Wall Street swindling
are two different issues. The latter was in some cases initiated by
government intervention and in all cases by the lack of government
oversight of what they initiated.

If we intend to keep capitalism as our economic engine, BAR is absolutely
correct and many honest (meaning non-politically motivated) economic
experts agree. Growing and investing businesses have always been the
catalyst for an expanding economy, employment and consumer
confidence/spending. Throw a wet towel on business in the form of taxes
and the economy slows down. Happens everytime.

Now, if you are suggesting we replace our business based economic engine
with something else, then all bets are off.

Eisboch

There is nothing else that works as good for so many as a fair capitalism
economic engine. Or at least not that I am aware of.

Oh, there are Hugo and Castro economics... there are failed USSR (old as in
Russia), maybe even Chinese wages anyone? How about a Vietnam or Korea life
style?

I will stick with old fashioned capitalism minus the corruption. As it is
the corruption, not the capitalism that is the problem. Ferit out the
corruption such as packaging GM for bailout, or bankers bailouts by
stripping the perpetrators of any wealth gained by these corrupt activities
and problem solved. But bailouts, just corruption gone nuts like Hugo
bribing for power....

The corruption and immoral is what is costing. Heck, some people think
Obama is going to "take care of my car payments".... OMG. Far too many are
not paying their debts is the corruption there. Now 1/2 the nation wants a
bailout.