Tax cuts and elimination of the capital gains and estate tax would allow the world to "watch the U.S. economy roar back to life," Palin said.
I'm been pushing for a MASSIVE overhaul of our taxation system to encourage personal savings and capital investment staying in the USA. We now have somewhere between US$14 to US$19 TRILLION out of the US financial system through offshoring of assets via tax loopholes and participating in the underground economy for income tax avoidance reasons; changing the tax laws as I suggested would turn the US economy around faster than an F-22A Raptor doing a 9-G turn.
Like your metaphor, Ray, about how fast the economy would turn around. I agree 100%. With the current crowd of expropriators, cash that is out of the country will stay there and what is here will stay largely on the sidelines, or converted into another exchange medium and buried in the yard, per Acorn specifics, lol.
yes - eliminating the tax on income would go a long way to restoring financial health -