Quote Originally Posted by Sir_Russell View Post
DowntownAmber
a supply sider, your right the wealthy do the hiring. I am okay with that till you realize that they also want education only for the wealthy, that they want to limit a new business persons ability to succeed. An then there is the fact that since the top 2 percent controls about 80% of the money I need to ask how much is enough.

Did you know that when the irs started that only a few percent of the population paid any tax and it was considered a privilege to pay. I agree we pay to much in taxes but where do we cut to cut more taxes for the wealthy. Less health care, less education, I say no to both we need more of both. So how about military madness, we are in a war for no real reason and being told that it may go on for at least 10 more years.

when you consider the economic impact of a tax cut it really isn't in giving it to the wealthy, the folks that spend it are middle and low class people putting it into the economy. Now give tax breaks to those industries that make things that can be sold world wide to balance our trade deficit or we will become just a third world toilet which seems to be what the wealthy want.
I actually wouldn't consider cutting taxes quite yet: let's figure out how to manage what we have resonsibly THEN scale back from there. I would simply draw the line at creating brand new ways to part us all from our paychecks. The point is to slow the tsunami of goverment before it washes us all away, and put a little common sense control back into the private sector.

And yes, I have seen the statistic that 2 percent of the pop. controls 80 percent of the wealth, which also means they control the government that helps them make it and keep it. Taxation is a portion of that, yes, but certainly not the whole (or even the biggest slice) of the pie. Simply, it's easier to buy legislation that gives, as you say, education to only the wealthy and supresses new business. If governement is smaller, there is less of the machine out there to be manipulated. The game becomes simpler, perhaps a but more pure again. The real economic value of across the board tax cuts is negligable as you say, the real success would be in the elimination of the goverment bohemoth we're charging those taxes to support. The lower taxes, heck, just frosting on the cake for those of us who like to spend.

Thank you, as always, Sir Russell for the well thought out post.