Dow just broke 13,000 and tax cuts are horrible? Please explain that to me?
2007-04-25 12:19:11 · 5 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
"Tax cuts never work", is sarcasm, for those who didn't catch it. I was imitating democrats.
2007-04-25 14:48:53 · update #1
The tax cuts result in huge deficits, which causes the surge in the economy. Sure, works great for a while. However, the deficits compete with the stock market for capital. Eventually, interest rates and inflation will skyrocket, the economy will enter a recession and the markets will fall. It will be like the 1970s--double digit stagflation.
The dollar is already losing stregnth against other currencies, and a lot of its support is foreign governments investing so much of their reserves in US Treasury instruments. This is unlikely to continue with low US interest rates and a declining dollar--they'll move to investments that can return real income. Then the bubble really pops.
Good luck in your investing.
2007-04-25 14:52:11 · answer #1 · answered by NotEasilyFooled 5 · 0⤊ 0⤋
Tax cuts almost always work.
2007-04-25 20:21:43 · answer #2 · answered by jdkilp 7 · 1⤊ 0⤋
whew-i was just about to answer you screaming at the top of my lungs(CAPITALS)-i 'm so glad you explained you were kidding-i agree wholeheartedly with you -the dems have a lot of people fooledit's sad
2007-04-30 00:53:20 · answer #3 · answered by daves8958 1 · 0⤊ 0⤋
You seem to be under the impression that facts matter. Where do you get these strange ideas?
2007-04-25 19:24:35 · answer #4 · answered by open4one 7 · 1⤊ 0⤋
Please put a few more words around your statement that "tax cuts are horrible" - in what way?
2007-04-25 21:43:00 · answer #5 · answered by Judy 7 · 1⤊ 0⤋