Quote:
|
Originally Posted by Flacolaco
I don't think income tax rates have that much to do with our current economic climate. In fact (someone much more knowledgeable than I will come and correct me if I'm wrong, I welcome it but...) historically, aren't lower tax rates associated with economic growth? You're alleging that less capital being available in the market (higher taxes) is better for the economy?
We're screwed right now because of idiotic government policies encouraging lending to risky buyers, greedy idiotic banks who thought it was a good idea to lend money to risky buyers, and idiotic risky buyers....who were idiotic.
|
It won't be less capital available. Overall it's the same amount of capital.
As far as the whole government/banks/risky buyers triad- you are right on the money... what little bit there is left.