Tax Increase could kill the recovery – essentialy that’s the headline in the Wall Street Journal – link below. Don’t miss it – the cartoon is worth the look, even if one does not understand economics at all!
Also in the news, Obama and Congress are planning on “fast-tracking” one more sure thing – another TAX.
They’re calling it “CAP AND TRADE”!
They’ve determined carbon dioxide is a toxic gas. HELLO? Carbon dioxide is what we exhale! Oh; we inhale it too, and it doesn’t harm us! That is, it doesn’t, unless, there’s so much that it replaces all the oxygen . . . . this part is not economics, although any number of analogies could make it so.
It’s simple. Econ 101, that is . . . . stuff one learns the first year of Economics . . . . or a great phrase I heard last month! “A poor man never offers another man a job.” Only those willing to work hard and invest, willing to risk their own work and money . . . . That too, is basic economics.
When one wants to simulate the economy, ONE DOES NOT RAISE TAXES! Our last recession, we learned that! President Reagan did it, in the early ’80’s! It not only worked, it worked so well that, it’s the prime example of anyone who knows anything about economics!