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WHAT WOULD HAPPEN IF WE DID AWAY WITH THE CORPORATE INCOME TAX? Can you say, economic expansion on steriods?

The words of Alan Greenspan deserve some additional play here.

From testimony before the Joint Economic Committee, on May 21, 2003 (2003 WL 21187509):

"...First, Congressman, let me just repeat a cliche which happens to be true, mainly that capital doesn't pay any taxes; only people pay taxes. What happens is, you impose taxes on organizations which then deflect them elsewhere. But at the end of the day, all taxes are paid by people. I have always argued that this is a very inefficient way of organizing revenues within a government, and that we're far better to tax -- gain our taxes directly, rather than putting it on capital. Because all it does, it slows down the growth of economic activity and the revenue base from which the revenues actually occur. GREENSPAN: And I've argued over the years for the elimination, where we possibly could, of taxes on capital. And I, as you probably are aware, have always argued for the elimination of the capital gains tax. And the reason is is that I think it's an extraordinarily inefficient tax -- inefficient means of raising revenue in the sense that by posing itself on capital reduces the growth rate in the economy...."

Why do liberals fail to understand this? I guess their "feelings" get in the way.......

Why do liberals fail to understand this?

They don't! In fact they, at least some of them, understand it quite well but they LOVE the current mess because it empowers them.

FREEDOM is the last thing they want for individuals!

"Because all it does, it slows down the growth of economic activity and the revenue base from which the revenues actually occur."

I see that you do not understand the UN Charter, nor the method by which OWG can become an actuality.

Our President is a solid globalist through to the core.

Taxes are meant to control populations. Having individual Americans become financially wealthy increases our authority over our legislators, which is not something they would choose to do.

Keeping the US from becoming stronger and by actually reducing our influence on the world will permit the third world countries to rise in power which is the UN goal.

Our President has chosen to use tax cuts to stave off economic depression not increase our spending capital. If he was interested in reducing the national debt, that is possible also. Instead he is permitting it to rise.

I am questioning how he intends to fight a war with Iran and win when we are broke to the tune of $8 trillion in debt. Fight war on a credit card? That's a new one.