4 ms·
That's a red herring. We could cut taxes to zero and your investments may go up a little temporarily but it would be catastrophic in medium-to-long term as the
by dd36 8y ago
That's a red herring. We could cut taxes to zero and your investments may go up a little temporarily but it would be catastrophic in medium-to-long term as the dollar collapses and Americans go through a depression and likely a war.
- qaq 8y agoWould you outline how making corp tax to 0 "would be catastrophic in medium-to-long term as the dollar collapses and Americans go through a depression and likely a war"?
- dd36 8y agoDebt default.
- qaq 8y agoHow do you envision that? So companies will stop hoarding money offshore and that will have 0 positive economic effect?
- dd36 8y agoAccess to capital is not a current issue. There is a virtually unlimited amount of capital available in the US to anyone offering it a high return. The issue is the lack of opportunities for high returns.
- twblalock 8y agoCorporate taxes are about 11% of total Federal revenue. If they were cut to zero, that would be bad, but it would not cause the collapse of the dollar or a war.
- dd36 8y agoA $350 billion annual increase in debt would result in default.
- qaq 8y agoyou do realize that money will become someone's income and still will result in tax payments?
- dd36 8y agoHuh? The federal government has current expenses. It needs sufficient income to cover those expenses. Cutting income without cutting expenses is incompetence. Indeed, it should be illegal. Want to cut taxes? Cut spending at the same time or pound sand.