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fransgeraedts (99.92)

what is wrong with the world economy

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August 10, 2010 – Comments (2)

Profits are to high; taxes and wages are to low.

Read an interesting piece in the NWT. Long term Republican denouncing GOP economic politics of the last 40 years. http://starturl.com/bsgxy I do not agree with (all of) his analysis but i do think his is a very interesting contribution to the debate. Allow me to quote the following:

"By fiscal year 2009, the tax-cutters had reduced federal revenues to 15 percent of gross domestic product, lower than they had been since the 1940s."

fransgeraedts 

2 Comments – Post Your Own

#1) On August 10, 2010 at 9:04 AM, drgroup (69.48) wrote:

So what's the issue with low taxes? It's not like you are steeling from the gov't. 

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#2) On August 10, 2010 at 9:18 AM, Jbay76 (< 20) wrote:

Exactly, maybe government should start spending less

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