In response to:
Let's cut to the chase here. There is a basic truth in economic theory and reality concerning sovereign tax rates... there is an optimum tax rate in which revenues peak. Anything less or more from this optimum rate results in less tax revenue. That rate is debatable, but the consensus is that it is somewhere in the 10 to 13 percent range.
As we learned time and time again, is that tax policy is a leading cause of economic activity. It is the lag time most folks don't comprehend. Even if taxes were reduced to optimum levels there is going be a delay in the effects of said cuts. Revenues will go down for a short time until the free markets adjust. That is just simply the way it works.
If you want less of something. Tax it more.
While I disagree with statists, I sometimes admire their discipline. They are very good at staying “on message.”
I am 100 percent confident, for instance, that they intend big tax hikes on the middle class, even though they would piously swear an oath to the contrary. Indeed, I suspect more than 90 percent of them secretly would like a value-added tax.
It’s not that they necessarily dislike ordinary people, but privately they understand that you can’t finance big government by taxing rich people.
Simply stated, there aren’t enough of the “1 percent.” Moreover, rich people have...
Another barrier to economic growth is the educational system. The NEA and teacher's unions should be abolished so that schools can go back to teaching the important stuff, using methods that are tried and true.
And the other one they missed was for a balanced annual budget.
The govenment must work within a given budget like we all do, not grow and grow until it colapses itself (and us) under it's own weight.
"http://intellectualconservative.com/index.php/economy-stalls-as-obama-targets"