Posted on 12/01/2005 9:15:18 PM PST by FairOpinion
I think that we have some of these Pouting Pundits of Pessimism, right here on FreeRepublic.
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Rush just read part of this article on air...
Use bugmenot.com if you can't access this Opinion Journal article.
Use bugmenot.com if you can't access this Opinion Journal article.
A huge segment of our population however, finds itself outside the private sphere. Those who depend on transfer payments through tax policy, those who work for the various state, local, and federal governments, farmers, trial lawyers, social workers, teachers, and yes, journalists are people for whom PROSPERITY from private sector GDP growth is SOMETHING WHICH HAPPENS TO EVERYBODY ELSE.
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Just think what REAL tax reform would do to the economy.
Some have looked into the possibilities
Chairman of the House Ways and Means Committee,
Rep. Bill Archer (R-TX)
August 12, 1996
- "A recent survey was done, in Europe and Japan, of the major corporations and I was astounded at the results. They were asked, 'If the US abolished its income tax and went to a sales tax, would that have any impact on your decisions?' Eighty percent of the corporations said they would build their factories in the United States of America. Twenty percent said they would move their international headquarters to the United States of America."
Tax reduction results in return of assets to US.
U.S. Companies Bring Overseas Profits Home; May Create Thousands of Jobs
WASHINGTON (AP) -- Led by drug makers, American companies have started announcing their plans to use a temporary tax break and shift back to the United States billions of dollars in profits that have been stashed abroad.
An incentive to invest in the U.S. economy -- that's how lawmakers promoted the short-term relief that lets companies avoid as much as 85 percent of the taxes they might otherwise pay on earnings abroad.
John Linder in the House(HR25) & Saxby Chambliss Senate(S25) offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright and replace them with with a national retail sales tax administered by the states.
H.R.25,S.25
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.Refer for additional information:
Thank you. The charts really illuminate the topic here.
For those who care to reminisce, here's Kudlow's article from December 2004. LOL
http://www.nationalreview.com/kudlow/kudlow200412300923.asp
Nice graphs. Especially the pie charts. They highlight the parasitical elites in government devouring the host economy.
"I don't know about Michigan but the Southeast is no bed of roses! I am living on far less income than I had twenty years ago and the worst part is I have a lot of company in my misery. I talk to a lot of different people on my job and it is quite common now to meet men in their forties and fifties who say they would be happy if they could earn the same pay they had twenty years ago. I DON'T blame George Bush for everything but I simply do not believe things are anywhere near as rosy as many on this forum would have us believe. I too go by what I can see, government statistics and news releases are not accepted at the Piggly Wiggly in lieu of cash, they want money for their groceries."
Very good post. Paul Craig Roberts, former Treasury Dept official under Reagan, wrote an op-ed piece which appeared a couple of months ago. The administration had been crowing about a jobs report - I think it was July. He analyzed the non-government jobs which were created and they were almost all in the services sector - waiters, bartenders, etc. There were few, if any, professional jobs included. Those jobs are going overseas. The subtitle of his article was "Good news - you soon won't need an expensive college education to work in the US".
I still recall the Bush (I) campaign against a then unknown named Bill Clinton in 1992. Every time a Bush spokesperson was on TV quoting some obscure economic statistic, I got ill. They kept trying to convince the US people that the economy was going great. That was a time of massive corporate layoffs and most people at least knew someone who was out of a job. The approach of the Bush campaign just fed the perception of Republicans as out of touch with average Americans that the Democrats were only too happy to exploit.
Since that time, I have always felt that Republicans would be better off acknowledging economic concerns and explaining why their policies are more effective in addressing those concerns than they would be in projecting denial.
... and it's time to transfer some of that spending fropm the federal government sector back into the private sector by means of the FairTax.
That way more of us will be able to have more effect on what the government does and does not spend as well as what we are able to invest to help boost the country's economy.
Good post, ol' guy!!!
We can start the spending cuts by abolishing the IRS.
You and I live in 2 different realities.
What do expect the party to do? Take over the tv and newspapers? Run tv ads saying "Hey, the economy is pretty good!" Do you think that is a wise use of campaign money a year before the elections?
Good job!! I get sick of these Bush and Republican bashers who want to sit on their butts and bash the administration for everything under the sun.
I think it has something to do with the "left".
Thanx. I think some people forget politicians are human. They ascribe god-like powers to the President and then feel disillusioned when he fails to meet their expected level of perfection. Congresses spending is Dubya's fault. High gas prices is Dubya's fault. A screwed up intelligence department is Dubya's fault. The media is Dubya's fault.
I would not want a President who had the power to make those people happy. Fortunately the Founders and Father of our country didn't want to replace one King with another and they built safeguards to prevent one man controlling everything.
The problem is rarely the politicians, it is the people. Politicians do what they think will get them re-elected. If we could convince the people to vote out politicians who spend, a lot of politicians would become thrifty. If we could convince people to drill in Alaska we would pass legislation.
Dubya doesn't do everything right in my book, but in looking at previous Presidents, he is a better President than most. Looking at the men Dubya defeated in 00 and 04 I have no problems proclaiming my pride in voting for him twice.
It was only 10 years ago that the impeached rapist-in-chief was getting a hummer from Monica during a conference call with Arafat, while ignoring terrorism, banning guns, passing new taxes, and planning universal health care.
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Today's economy is Eight (8) TIMES more federal government-spending-dependent, compared to prior generations. 
To help place this in an even bigger picture, the left-hand chart demonstrates how combined federal AND state & local government spending has consumed more and more of the total economic pie over time.