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Author Topic: Time: Printing money does not lead to hiper-inflation, lower taxes do  (Read 5781 times)
MoonShadow
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March 28, 2011, 06:32:45 PM
 #21

Tax revenue -- that is, money coming into government treasury -- is largely predicated on economic growth, rather than tax rates.

Lowering tax rates does not necessarily reduce money coming into government.  Raising tax rates does not necessarily increase money coming into government.

Life isn't that simple.  Don't listen to Democrats and Republicans that want to paint you such a simplistic picture.

There is of course the Laffer Curve that suggest there is a point in taxation past which there are diminishing returns. 

Research done, with the Laffer Curve in mind, strongly suggests that the optimal tax rate varies between 10% and 16%, depending on many variables largely outside the control of government regulations.

So after all this time, the old testament 'tithe' rule, which was originally a form of voluntary fundraising for the government (the religion and the government were inseperable), continues to prove itself as the wisest course of action.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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ShadowOfHarbringer
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March 28, 2011, 06:38:31 PM
 #22

Research done, with the Laffer Curve in mind, strongly suggests that the optimal tax rate varies between 10% and 16%,

Well, the Bible says something about 10% being fair tax.

I guess God (obviously) knows the Laffer curve, and also knows the less taxes, the better life becomes.

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March 28, 2011, 09:08:36 PM
 #23

This is actually pretty smart.  The Republicans did a good job of selling their base on the idea that Obama 100% ruined the economy before he even took office, even though it was obviously mostly Bush.  There will probably be a certain percentage of liberals who can be easily convinced that the Tea Party is ruining the economy with fiscal responsibility.

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