Thread: Obama Small Business Tax Proposal

Originally Posted by rock_lobster

Spend baby Spend!!!!

I hope you never run for office, I'd hate to see a 97% tax rate.......

Damn right. Spending is the most stimulating thing you can do and it benefits everyone. And don't worry, I'd give you a hefty 1% tax cut if I got elected just because I like you.

Spending on infrastructure is Keynsian economics 101. If you are in recession, pay people to dig ditches because the size of the government budget has the reserve necessary to get the money supply flowing. A corporation's first responsibility is to their shareholders. If the a corporation assesses that expansion will cause a decrease in profit due to increased liability (debt) or risk, it is their legal responsibility not to do so. The federal government doesn't have that restriction because it controls the money supply; if it needs more money it can print more or borrow more. In the mid-late 20th century though, Americans got a hardon for Milton Friedman and decided to try to control the money supply by playing with interest rates, which has caused every bubble we've seen recently...