Where
do they get this stuff? Who came up with this “trickle down economics”
anyway? It’s not new. It happens every time a Republican gets elected.
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ACCOUNTING INSANITY
Posted February 14, 2003 thepeoplesvoice.org
by Dan Dvorak
It
seems like pure insanity or even ignorance to suggest that giving
“incentives” and tax breaks to corporations and rich people will
somehow magically STIMULATE
the economy. STUPID comes to mind.
For
business to make investment in their companies there must be demand for
products. For business to hire more employees there will have to be a need
for more employees, like demand for business and products. Can you picture
General Motors hiring MORE workers when they can’t sell cars? Can you
imagine Ford buying and building more equipment when they can’t sell the
cars they manufacture with existing equipment.
Where
do they get this stuff? Who came up with this “trickle down economics”
anyway? It’s not new. It happens every time a Republican gets elected.
Better question is how do they sell this crap to the press, the Congress
and the almost half the people who vote? Someone somewhere is having
themselves a good laugh.
Everyone
in my family and my wife’s family have been in business for three
generations, as we are now. Business has been terrible of late. We are
beginning to get the pattern, Carter and
Clinton
provided excellent business, Regan, Bush
I and Bush II have turned the economy to a dump. If Bush II were to give
me cash money, refund prior taxes, or eliminate current taxes, I would
love it. And I would put the money under the mattress. Meantime I’m
afraid I would have to let a few people go because there is nothing for
them to do. At the same time I have no interest in expansion or purchasing
ANYTHING else but thanks Bush for the money.
Do
you really want to stimulate the economy? Eliminate federal income tax to
anyone who earns less than $35,000/year single or $50,000/year couple.
These people NEED THINGS. There will be no mattress action for them. But
every dime they don’t have to pay Bush, they will spend…on cars,
appliances, clothes, food and virtually everything else.
The
economy will take off like a rocket. Businesses will need new workers to
handle the extra loads, new equipment will be needed to keep up with the
increased demand. Businesses will flourish, our citizens will be employed,
the tax base will be extended and the Federal government will get back
TWICE its investment and the rich will get richer. What could possibly be
objectionable about that? Everybody wins in the end.
It’s
INSANITY I tell ‘ya.
© Copyright 2003 All rights reserved by Dan Dvorak
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