Re: I could almost become a Patriots fan!
posted at 1/22/2010 6:00 PM EST
In Response to Re: I could almost become a Patriots fan!
Caraway, thanks for your response, after my leon thread I didn't think you'd want to talk to me again. So you would like to this economy ride out with no stimulus. I can agree to a point, can they do a pay as you go stimulus? Find a project fund that project. Speaking of funding campaigns what do think of the Supreme Court decision yesterday on campaign finance?
Posted by harleyroadking103
Harley, no two people will agree on everything. We simply disagree on Leon, although I have turned off my reporting tool per my last response on that thread. I hold no hard feelings.
With regard to no stimulus, there are alternative approaches, but there is nothing that will produce immediate results sans massive spending. There are all kinds of incentives that can be given to companies to keep or create jobs. The problem is in the implementation and monitoring of those incentives. Conservatives will argue we should provide large tax breaks because businesses will use the money to hire people. Liberals will say that doesn't work and we can't trust businesses to do that. The truth is that some companies will, and some won't. Trying to adjudicate that would be yet another big quagmire. I'd be in favor of tax breaks and other incentives so long as the data backed up the intent of those incentives at prescribed intervals. For instance, if you provided tax breaks with the hope that business will get better, resulting in more tax revenue, then that's exactly what must be seen to continue the tax breaks.
With regard to the campaign spending limits ruling by the Supreme Court, it will only increase the misinformation that goes out there. Take healthcare for example. BOTH sides of the issue are being disingenuous by cherry picking their facts and distorting the truth. For example, there are no death panels in the sense that opponents will have you believe. Likewise, there is no way costs are going to be cut as proponents will have you believe. It's kinda sad, but many voters have no clue that when you add taxes to businesses, you pay the price in some form or another. Businesses have profit margins to maintain. Public corporations have their stock hammered when they fails to meet their targets. So if the government raises taxes on an industry (like healthcare), they now make less profit, which means one of two things; they reduce costs and/or raise their prices. If they can't raise their prices per regulation, they will reduce costs. How? It depends on the industry. Sometimes you do so by becoming more efficient. Often times you reduce employee benefits, send jobs overseas, reduce salaries, use cheaper goods to produce your products, and so on. Either way, when you raise taxes on any business or industry, you do ultimately pay. Many voters just can't connect the dots on that unless it's a really simple scenario like increasing taxes on gasoline. Most voters will understand that leads to more that you have to pay at the pump. Well it's absolutely the same with every other business too.
The politicians know this too. But they also know that many voters don't know this. Therefore they can proclaim to not raise your taxes and make you happy. They can even publicly proclaim to raise taxes on those evil businesses and also be cheered. Under their breath they're calling you an idiot for not understanding there is no difference.