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Baghdad's Laffer Curve-The governing council comes out in favor of free trade and low taxes.
Wall St Journal ^
| 9-21-03
Posted on 09/22/2003 5:09:31 AM PDT by SJackson
Edited on 04/22/2004 11:49:57 PM PDT by Jim Robinson.
[history]
Here's one more reason for Howard Dean and the French to deplore the liberation of Iraq: The new Iraqi Finance Minister, Kamel al-Gailani, has just announced that the country's highest marginal tax rates will be 15% -- on both individual and corporate income.
(Excerpt) Read more at online.wsj.com ...
TOPICS: Editorial; Foreign Affairs
KEYWORDS: flattax; freetrade; goodnews; governingcouncil; iraq; rebuildingiraq; taxes
1
posted on
09/22/2003 5:09:32 AM PDT
by
SJackson
To: SJackson
This is horrible, there's no way the government will be able to "create jobs" with such a paltry "investment" from the people. They need to increase these tax rates FOR THE CHILDREN, and soon, lest there be too many rich people.
To: SJackson
When's the 3rd ID gonna spread some of that freedom around here?
To: SJackson
The opposing party, Al Shiite-Al Datiime, said they will oppose these policies as they are only there to prop up the upper 3% who make 5 figures a year.
4
posted on
09/22/2003 5:23:12 AM PDT
by
smith288
("The key to our success will be your execution." -Scott Adams)
To: SJackson
Hmm. First the Russians, now the Iraqis adopt a sensible tax code.
5
posted on
09/22/2003 5:23:41 AM PDT
by
Arkie2
(It's a literary fact that the number of words written will grow exponentially to fill the space avai)
To: SJackson
Good news article. It makes "cents" to me. Thanks for posting it.
6
posted on
09/22/2003 5:26:22 AM PDT
by
PGalt
To: Arkie2
Hmm. First the Russians, now the Iraqis adopt a sensible tax code. Give them about 250 yrs, they will come around.
7
posted on
09/22/2003 5:26:40 AM PDT
by
smith288
("The key to our success will be your execution." -Scott Adams)
To: SJackson; MJY1288; Calpernia; Grampa Dave; anniegetyourgun; Coop; Ernest_at_the_Beach; ...
Great post, SJackson. Amb. Bremer was right.
"In terms of what kind of economic system they wish to establish, as you point out, the Ba'athist Party was a socialist party. I think it's very hard to imagine any strong support in this country for a return to that economic system, which has left the country really flat on its back, and which does not really provide a model for getting the kind of vibrant private sector which I think most Iraqis now realize is a sine qua non for a stable economy and stable economic growth. So if they choose socialism, that will be their business. My guess is that's not going to happen." ~ Amb. Paul Bremer - Briefing on Coalition Post-war Reconstruction and Stabilization Efforts, 6/12.
Here's one more reason for Howard Dean and the French to deplore the liberation of Iraq: The new Iraqi Finance Minister, Kamel al-Gailani, has just announced that the country's highest marginal tax rates will be 15% -- on both individual and corporate income.
If you want on or off my PRO-coalition ping list, please Freepmail me. Warning: it is a high volume ping list on good days. (Most days are good days). All links are added to my homepage, link above.
8
posted on
09/22/2003 5:52:27 AM PDT
by
Ragtime Cowgirl
("I was taught to love America." ~ Freeper 'Bullish', '60s LA public school.)
To: SJackson
They may be looking at what's happening in the Russian economy as an example of what low marginal tax rates can do in a get-up-off-the-floor bootstrap situation. It should be an example to everyone.
9
posted on
09/22/2003 5:59:07 AM PDT
by
katana
To: Trailerpark Badass
You've got the idea, but there's something to be said for your methods!
To: Ragtime Cowgirl; SJackson
You're right, RC, it's a great post/find by sjackson. Good for Iraq. Here's a new motto they can adopt (and pay me a handsome fee for it?):
Prosperity to the people!
To: Ragtime Cowgirl
Bump!
To: SJackson
No wonder the left opposes our reconstruction efforts there.
13
posted on
09/22/2003 9:42:34 AM PDT
by
My2Cents
("I'm the party pooper..." -- Arnold in "Kindergarten Cop.")
To: SJackson
The new Iraqi Finance Minister, Kamel al-Gailani, has just announced that the country's highest marginal tax rates will be 15% -- on both individual and corporate income.
To: Ragtime Cowgirl
Bump!
To: Ragtime Cowgirl
The governing council sounds like they're good conservatives. :)
16
posted on
09/22/2003 11:18:34 AM PDT
by
blackie
To: SJackson
We hope the government now finds a way to turn over some oil revenue to individual Iraqis. George Schultz had the best suggestion. Every Iraqi citizen gets an equal share of all oil profits. Let them spend or invest it as they choose.
17
posted on
09/22/2003 11:24:37 AM PDT
by
Ditto
( No trees were killed in sending this message, but billions of electrons were inconvenienced.)
To: Ragtime Cowgirl; SJackson
Iraq wants a tax regime with "low tax rates that will help create strong incentives for future investment, employment, and limit the size of the public sectorSenator Clinton reacts.
18
posted on
09/22/2003 8:25:13 PM PDT
by
PhilDragoo
(Hitlery: das Butch von Buchenvald)
To: katana
19
posted on
11/28/2003 3:07:19 PM PST
by
Spartano
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