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Panel To Convene on Seeking Big Reduction in Corporate Tax Rate

Submitted by Travis, Feb 4, 2008 10:57

Funny how someone always suggests that the economic "answer" is always that passive income or corporations need to contribute less or be responsible less financially. Or that they need to be regulated less in how their business actions affect our communities as a whole.

The "trickle down answer" is put forward by the same people, politicians, and business sectors in boom times as well as lean times. Always as if it's some kind of new and "just" idea. Over the years, these "trickle down" models have been tested and applied in various ways. Regardless of the details, the fact that we seem to constantly need an "answer" in itself suggests that these "trickle down" solutions haven't quite lived up to their hype in the long term.

The "trickle down" answer didn't work the first time. It didn't work the second time. It hasn't worked in the last 7 years and it won't work in the next.

Even now, it is commonly accepted that our 'economy" is "consumer based" or "consumer driven" and yet the "answer" that gets applied never seems to be reducing the tax burden on the "working consumer" on which it is "based" and "driven".

By definition, insanity is doing the same thing over an over and expecting different results.


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Comment By Date

To achieve both efficiency and equity in how our government (at all levels) raises revenue for public goods and services,... [MORE]

Edward J. Dodson 

Feb 7, 2008 12:55

The national debt is up to $9.2 trillion today, according to the National Debt Clock (http://www.brillig.com/debt_clock/). Slowing down the growth... [MORE]

John Tepper Marlin 

Feb 4, 2008 18:19

what panel made up of which experts will argue where? [MORE]

bean 

Feb 4, 2008 13:04

Funny how someone always suggests that the economic "answer" is always that passive income or corporations need to contribute less...

Travis 

Feb 4, 2008 10:57

I am one for smaller government unlike those with Rangel.....a small tax break for business is good....a drop from a... [MORE]

Thomas J. Viveiros 

Feb 6, 2008 12:00

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