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Posted on 01/11/2008 4:48:52 PM PST by Sub-Driver
Are We All Democrats Now? [Larry Kudlow]
Peace and prosperity are age-old winning campaign issues. Reduced marginal tax rates have stood the test of time. They are an effective economic stimulant, creating permanent incentives to work and invest and sufficient fire power to expand the economy’s long-run potential to grow.
And yet the estimable David Brooks, writing in today’s New York Times, says the Republicans need a new economic model. He writes, “Supply-side economics had a good run, but continual tax cuts can no longer be the centerpiece of Republican economic policy.”
With respect, I do not agree. Deserting the 100-million-plus investor class, as Brooks suggests, would be economic and political folly.
In today’s innovative high-tech world economy, where the global spread of free-market capitalism is the single biggest growth factor, saying “the entrepreneur is no longer king” is just plain wrong. New technologies and new companies are springing up everywhere, and it is precisely this Schumpeterian process that is the single-biggest driver of jobs, incomes, prosperity, and wealth creation.
The targeted tax credits that David Brooks supports have no impact on incentives or economic growth. However, slashing marginal tax rates (as Rudy Giuliani and Fred Thompson propose) has the maximum economic-growth impact.
Incentives matter. We have learned that economic behavior responds quickly to changing tax rates. Practically all of Eastern Europe has moved to a flat tax. This Reaganesque trend has spread to Asia. If the U.S. switches to small-ball tax credits to subsidize workers, we will become increasingly uncompetitive and will lose the global race for capital and growth.
(Excerpt) Read more at corner.nationalreview.com ...
BUMP
I’m a Hunterite so I don’t think I could be classified as a democrat.
No we are not all Democrats and no we do not all want cradle to grave government intrusion into our lives. Our charity and our well being is not the result of faith in government but in the faith in God, ourselves, and our fellow man.
The government has become a tumor that grows and grows sucking hungrily at our economic output always wanting more and more no matter how many times it fails to do even basic things like educate our children well. What makes us think it which is largely responsible for screwing up Health Care will some how make it better through more mandates and greater government involvement?
Remember after 1994 when the Republicans opened their arms and welcome all the Democrat converts into the tent?
Yeah, they lied and took over! LOL
For some good number of months - make that years now - I’ve considered Kudlow an inconsequential idiot with way, way too much time on his hands.
For all you kids new to the stock market, Kudlow pushed the book “Dow 36,000” for a number of months before his stupid “Rah-Rah” Nazdog crashed under a dinosaur comet in March, 2000.
Anyone who bought Nazdog at that time is still looking up trying to find the basement, like my stupid, stupid buddy.
Kudlow has irritated me for many years, and he should irritate you, too, if you have any sense.
The welcomed a certain brand of democrat into the tent. Unlike today’s GOP which seems to be more interested in the Clinton democrats than the Reagan democrats.
Brooks like other Republicans lives among the left and wants to be liked by them. When one’s main discussion is with those who start out to the far left it is easy to shift ones positions further to the left and still think one is conservative. We have very few really unique conservatives left in the media who speak proudly and with certainty of their cause. That is why we here at Freerepublic are so out of touch with them. That is why the country is out of touch with them.
[I do not agree. Deserting the 100-million-plus investor class, as Brooks suggests, would be economic and political folly.]
It is not desertion, rather it is hostile takeover of th economic class by the political barbarian marxists of todays arrogant political elitists fools.
Sad, but true. However, Kudlow’s soft support of McCain is bewildering.
[, like my stupid, stupid buddy.]
hee hee
Me too. We’re still the Conservative’s Conservative. :-)
If you are not getting a minimum 12% APR on your investments you're doing something wrong>
Buffet became a multibillionaire by buying solid companies and holding for the long haul.
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