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Re: DemocRAT attacks on Romney's offshore investments vindicates Laffers Curve and trickle down economics.
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PJ O'D
Jul 14, 2012, 6:41:51 AM7/14/12
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On Jul 14, 6:39 am, "PJ O'D" <z222...@london.com> wrote:
> DemocRAT attacks on Romney's offshore investments vindicates Laffers Curve and trickle down economics.
>
> "..A Democratic president -- John F. Kennedy -- stated the issue plainly. Under the existing tax rates, he explained, investors' "efforts to avoid tax liabilities" made them put their money in tax shelters, because existing tax laws made "certain types of less productive activity more profitable than other more valuable undertakings" for the country.
>
> Ironically, the Obama campaign's attacks on Mitt Romney for putting his money in the Cayman Islands substantiate the point that President Kennedy and others have made, that higher tax rates can drive money into tax shelters, whether tax-exempt municipal bonds or investments in other countries.
>
> In other words, raising tax rates does not automatically raise tax revenues for the government. Higher tax rates have often led to lower tax revenues for states, the federal government and other countries. Conversely, lower tax rates have often led to higher tax revenues......"
>
> You can find that excerpt here:
>
> http://www.realclearpolitics.com/articles/2012/07/11/the_invincible_l...
>
> Read my other thread with subject heading:
>
> "PeeLousy makes millions on investments outsourced to Asia." and Little Debbie Wasserman Schultz Swiss bankroll (as she refuses to release her tax returns)
>
> The bootlegger, Joe Kennedy, stashed Kennedy money in the Caymans and much of it is still there. Check it out. You might start with trying to track down the millions that "evaporated' after the Jackie Onassis demise and good luck with that.
>
> Of course most Sociaists cannot comprehend business concepts and international finance inherent in a global economy. That is why they stupidly become Socialists
> DemocRAT attacks on Romney's offshore investments vindicates Laffers Curve and trickle down economics.
>
> "..A Democratic president -- John F. Kennedy -- stated the issue plainly. Under the existing tax rates, he explained, investors' "efforts to avoid tax liabilities" made them put their money in tax shelters, because existing tax laws made "certain types of less productive activity more profitable than other more valuable undertakings" for the country.
>
> Ironically, the Obama campaign's attacks on Mitt Romney for putting his money in the Cayman Islands substantiate the point that President Kennedy and others have made, that higher tax rates can drive money into tax shelters, whether tax-exempt municipal bonds or investments in other countries.
>
> In other words, raising tax rates does not automatically raise tax revenues for the government. Higher tax rates have often led to lower tax revenues for states, the federal government and other countries. Conversely, lower tax rates have often led to higher tax revenues......"
>
> You can find that excerpt here:
>
> http://www.realclearpolitics.com/articles/2012/07/11/the_invincible_l...
>
> Read my other thread with subject heading:
>
> "PeeLousy makes millions on investments outsourced to Asia." and Little Debbie Wasserman Schultz Swiss bankroll (as she refuses to release her tax returns)
>
> The bootlegger, Joe Kennedy, stashed Kennedy money in the Caymans and much of it is still there. Check it out. You might start with trying to track down the millions that "evaporated' after the Jackie Onassis demise and good luck with that.
>
> Of course most Sociaists cannot comprehend business concepts and international finance inherent in a global economy. That is why they stupidly become Socialists
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