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vote_usa_first
June 7, 2010 at 6:57 pm
The problem is not that people arent buying, its why people arent buying.
Prices are too high, quality is too low.
Would a tax cut make you GO INTO DEBT to buy a car?
Or would a car that is half the price do a better job of that?
You will hear the FED avoid WHY it is the people are not blowing their money. They simply stick to ‘lack of confidence’ and blame it on the consumer, not the seller – the seller being tied into government.
With the monetary inflation, the dollar will buy less. The massive debt the fed is creating will only make things worse – no matter the tax cuts.
It will take lower prices, and higher quality (better value) for customers to buy again – not some blast of new easy credit they can go into debt with to buy the same over priced under quality goods and services.
Cutting taxes does nothing to get us out of the massive debt. It does nothing to get the federal government out of the market. It does nothing to lower consumer prices. it just means there will be more debt, or more monetary inflation.
Remember, the FED and the GOVT see saving, and paying off debt as bad. The only thing good to them is citizens who rack up debt buying crap year after year.
scifnutt
June 7, 2010 at 7:03 pm
they would improve just like the other times that happened
So to be
June 7, 2010 at 8:03 pm
Little to none
.
The long term effect would be minimal
.
And the longevity of there being
is also not that much of a factor on
the present economy
.
Shut Up And Drink The Kool Aid
June 7, 2010 at 8:19 pm
Positively, but then that wouldn’t be “fair” now, would it?
You need to go to Obama Camp and learn the “right” way to think about wealth, namely that one man’s success can only be had at the expense of another “disenfranchised” man.
Curtis1911
June 7, 2010 at 8:45 pm
The market does not really care about taxes up, or down, it is uncertainty the scares the market.
Not knowing what the future holds.
redsavage99
June 7, 2010 at 9:00 pm
The same way they did in 1981 after Reagan cut taxes across the board the economy did a huge upswing and we had a extremely good decade , really all the way up to 2007 .
SFC_Ollie
June 7, 2010 at 9:32 pm
The market would take a swing upwards at any announcement of tax cuts. And with the market gaining consumer confidence would rise and Bingo jobs start opening up. its as easy as Economics 101. If you weren’t drugging it up the year you were supposed to study that.
SFC
US Army
retired
cheap_papa3000
June 7, 2010 at 9:34 pm
It still will not help…..you have not created a buyers market strong
enough to help with the slightest means of recovery…
TC
June 7, 2010 at 10:07 pm
Not much at all. If anything, a slight upward bump and then a substantial drop. It is like using an antibiotic for a broken leg.
There aren’t any taxes on investing. Taxes are applied to income and to capital gains.
Reducing taxes reduces the costs to businesses that are earning money or gaining value. Hence, reducing taxes will have no affect at all on the automotive industry or other struggling industries because they have no income or gains to be taxed.
It is lack of demand and not excessive costs that are currently hurting businesses.
The only long term affect of a republican style tax cut would be to shift more wealth to the wealthy.