Steve in NC Wrote:
Dec 11, 2012 10:50 AM
Just how did the wealthy become job destroyers? Government is the most effective job destroyer through increased taxation and regulation. Seems that your general plan is to increase taxes and govt spending when the economy is struggling, and then decrease taxes and spending when the economy is booming. Two problems: the economy will never strengthen while burdened by taxes and regulation, and politicians cannot resist spending more money when times are good. Further, government can only "create" money by devaluing our currency. You are correct that money (wealth) is destroyed through taxation. Your statement about taxes combating inflation and strengthening currency is a complete puzzle to me. Like to see some examples of that.