Republican ideology preaches taxes that are low spur economic growth.
Democrats want taxes to be high so the rich can pay their fair share.
Both are correct, and both are wrong.
Taxes should not be set at a permanent level.
They should be very high at the top for a period of time, then they should be dropped for a while.
If taxes have been 50 percent, then lowering to 30 would be good for a few years. But after a few years that affect is gone, because 30 has become normal.
so, wild fluctuation in taxation should be used to ensure that no business can make long term plans....
thats so clever, you outsmarted yourself.
countries that have been successful have always become so by encouraging the capital class to invest in their industries with STABLE taxes first and foremost, and low taxes as a second consideration.
no business will invest millions of bucks in land, buildings, equipment, training, and employing workers unless they can see a profit at some point.
if taxes change with every shift in the political breeze their profit margin will change with it, thus ensuring they will have to score big, and rake in massive profits when taxes are low, so they can survive when taxes go back to the stratosphere.
this is the sort of idiocy that causes the creation of "enterprise zones" and sweetheart deals which draw businesses into a special low tax scheme for a few years, and then when the tax rebates and special dispensations end, they pack their bags and move on to the next "enterprise zone" or the next town that will waive their taxes for 5-10 years.
this kind of thinking has destroyed more communities than can be counted, like the town i grew up in.
the city of vallejo cut a sweetheart deal to get Wal Mart to move into town, waiving their city taxes and fees for 5 years, and when the deal ended, wally world packed their bags and moved 10 miles north to American Canyon, but not before they undercut all the local businesses, resulting in numerous small grocers, hardware stores, mom and pop pharmacies, and even independent gas stations to shut their doors.
now if you need a new coffee maker or some tube socks, you have to drive to the next town over, in napa county, cuz these things simply are not available in Vallejo's ghost town of a business district.
how can anybody compete against a gargantuan predatory company who gets tax breaks from the feds, the states, and even local governments, when the little guy has to pay every dime of tax the various government agencies can squeeze out of them?
and the saga continues, as the Vallejo city council has recently approved a NEW sweetheart deal for walmart AGAIN, so they can open a couple "neighborhood markets" in town, each with another 8 year tax holiday.
liberal thinking is an oxymoron.
taxes are currently too high, which drives businesses which can move to take their manufacturing overseas, and taxes are too irregular for any company to turn a profit unless they have teams of accountants to help even the fattest piggie at the government's teat shimmy through the fence and into our cornfeild.
raising taxes on the other guy, and lowering taxes for you is always a winning campaign promise, but has anyone ever delivered on that promise?
of course not.
if we dont lower taxes for everybody, great and small, then plug the loopholes and prevent cronyism and sweetheart deals, our economy will remain a joke.
cutting taxes for everybody will also strangle the washington spending machine, unless they raise their credit limit again and print more Obamabucks.