Rantings and tirades of a frustrated economist.
Keynesian, through and through. Death to the economy through high and higher taxes.I challenge anyone to come up with a policy or action that the Obama Administration did that actually helped the economy recover for the long term.It might take you right up to January 20, 2013 before you think of one.
So if Tim "Tax Cheat" Geitner says US corporate taxes are about average, I take that to mean "US corporate taxes are high, but if you cheat you'll pay less."And "getting the rest of the world to go along with US financial policy" seemed a lot like "Everyone keep spending money and putting your countries into huge debt so the US isn't alone over here." Man, I'm liking Canada more and more every day.
Geithner commenting on the level of corporate taxes is insane. Geithner is a civil servant, and has never owned a business. Has Geithner even worked in the private sector?Check out all the business operations moving overseas. High wages are just a very small part of the story. High taxes, payroll taxes, needless lawsuits, racial quotas, the EPA, and other massive red tape barriers, are sending business elsewhere.Companies do not voice their complaints in the media. They vote with their feet, and simply move to a better location.A government official telling everyone that tax levels are fine, excuse me, I think I am going to sick.
Is there anyone at all in D.C. that isn't a complete and utter moron?? Corporations and individuals should just stop paying any taxes until sanity is in place, because what are the assholes in D.C. going to do about it, anyway? Arrest everyone? Close businesses down? Let 'em try!!!
Also, cutting the federal budget by at least half would also help the economy, although there would be a short-term disaster in several hundred thousand newly unemployed government bureaucrats having a cranky tantrum.
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