In response to:

The Great Tax Divide

Czarina Wrote: Sep 19, 2012 7:35 AM
Dr. Sowell: Didn't 9/11 also have a huge impact on our economy along with boom and bust?
normfromga Wrote: Sep 19, 2012 10:08 AM
well, yeah, but in what direction?

Can you imagine what our unemployment/welfare rate would be without TSA jobs, and a bloated military?
same10 Wrote: Sep 19, 2012 12:23 PM
EARLNORL Wrote: Sep 20, 2012 11:42 AM
Jeff164 Wrote: Sep 19, 2012 9:11 AM
Yes, and I found it pretty amazing that even after 9/11 and our wars, our economy was still doing pretty good, over-all - in spite of the liberal media spin (we're nearing 5% unemployment! That evil Bush! Tax breaks for the evil rich! Oh my! etc ad nauseum). Well, we still doing very good, all things considered, until the dems took control of the purse strings the last two years of the Bush administration, ignored Bush and other's warnings about Frannie and Freddie - and then the bubble burst. But hey! It was all "Bush's fault!"(tm).
There was a time when Democrats and Republicans alike could talk sense about tax rates, in terms of what is best for the economy, without demagoguery about "tax cuts for the rich."

Democratic presidents Woodrow Wilson and John F. Kennedy spoke plainly about the fact that higher tax rates on individuals and businesses did not automatically translate into higher tax revenues for the government. Beyond some point, high tax rates on those with high incomes simply led to those incomes being invested in tax-free bonds, with the revenue from those bonds being completely lost to the government -- and the investments lost...