Fred1666 Wrote:
Nov 22, 2012 9:27 AM
Why do both sides have such narrow arguments? Libs say the rich should pay their fair share. Conservatives insist that lower taxes bring more revenues. I think it is true that lib tax and economic policy is bad in the long run. Conservative policy is also unproven. There has always been more to economics that tax policy. I think Reagan's sucess had as much to do with the confidence he inspired as his policies. We balanced the budget in the 90s. Was it government policy or the hi-tech boom? The 2000s saw higher revenues under the Bush tax cuts which had more to do with the real estate boom. It was government policy that produced the boom and that same liberal redistribution policy of lending to people who could not afford to pay them.