Robert Nabloid

My Economic Plan

It's not fair to attack the government? I'm being critical and trying to get people to raise suggestions! That is what we are supposed to do if this is really government OF and BY the people.

Was it really ONLY Wall Street that mucked up? And how is government going to solve the problem of debt, which I think is one of the central problems we are faced with today? I'm open to see any plans they have. So far all I've seen is plans to spend their way out of the mess by printing money, taking on debt and lowering interest rates to entice others to take on more debt. Is that the solution? We just need to spend our way to prosperity? If that's the case then why bother saving a dime for retirement?

A country with low taxes alone doesn't ensure prosperity - just like a country with high tax rates doesn't ensure prosperity. There are some other major factors like education, capital, work ethic, natural resources, etc, etc, etc. That said, I'd prefer a government to have low taxes over high as it allows more money to stay in the hands of producers and commoners such as ourselves. Government has a funny history with the use of tax money and it usually proves wasteful. You don't want to know how many scandals I've seen with government use of funds...

BTW, I'm from a country with higher taxes than you. Do you think I'm wealthier simply because I'm from a country with higher taxes? In my country, I live in the one area that has the lowest taxes in the country and it has prospered because of its lower taxes. My area of the country is the only one WITHOUT DEBT. We did not pay it off with high taxes. We paid it off with fiscal prudence and cutting budgetary spending in government. Then, our natural resources became very highly sought after - so we are lucky in that regard - but we were already well on our way to prosperity. Corporate Head offices flourish here, small businesses flourish here and the wealth is spread around quite well due to lower taxes here than the other areas of my country. In my area of the country, we have higher per capita GDP than any state in the US (with the exception of DC, which isn't a state but a district). Taxes alone aren't the sole problem for any economy, but they are a problem when they are too high.

On Dec 16 02:11 AM Blackeybart wrote:

> It's not fair to attack the attack the Government because Wall Street
> mucked up. Who is trying to solve the problems? - it sure isn't Wall
> Street.
>
> Taxes aren't the problem most people make them out to be. Everyone
> could shift to a country with lower taxes but don't because it doesn't
> make economic sense. People are wealthier is countries with higher
> taxes. That's just a fact. Don't take my word for it. It's not my
> problem if political/economic theory doest match reality.