with Darrell Udelhoven
Tax cuts skewed toward the benefit of the wealthy will do little for the demand-side of America's economy as it will probably go largely to foreign investments. We don't need an over indulgence in supply-side investments as we did under President Reagan, i.e., the over building of office buildings, and factories etc., that ended up getting boarded up and were a waste of valuable investment money. All that strategy will foster is the buying up of farms and other holdings that are lost by the less well to do and economically disadvantaged debtors! Reagan plunged America into unbelievable debt levels.The only thing that can save this economy is a major change in national and global investment and economic policies that will help improve the per capita Demand Side of America's and that of the entire global economy on a worldwide basis! Renewable Energy Technologies represent the solution to a multiplicity of our environment and economic problems.
This is, along with Global Economic Policy Reforms, the most important public policy initiative of the new millennium because it has the potential to make every country, every industry, every family and every individual capable of producing all of their own energy needs. This is why we need investment capital and targeted policy initiative incentive based tax cuts to launch this new revolutionary industry, rather than across the board tax cuts that primarily benefit the wealthy class interest.Wouldn't you like to produce all of you own energy needs with new low cost technologies? The tax revenue surplus needs to be used to foster the high technology production of Renewable Energy in America as this will bolster the economy and improve our National Security.
Bush Is For the Same Voo Doo Reagan Trickle Down Economics that has already Failed! The wealthy trickle on all those below them!Republicans for Bush obviously don't understand National or Global Economics or they would realize Trickle Down economic policies are proven failures! Raising the real earnings of hourly wage earners and small business operators will solve the tax problems and all of the fiscal problems by balancing out the Demand Side of the economy with the Supply Side big time winners!
As we pay down the debt we will be enabled to reduce interest rates and reduce taxes as we expand the economy without causing inflation.
Some of the better economic policy ways to achieve are goals of improving equity of real per capita income, include:
A better way is to reform the unjust global and national economic policies that reduce the per capita real earning power of the masses worldwide. Using tariffs, quotas and other policies to stop the corporate exploitation of both First and Third world people and their economies.
National indebtedness: has a major affect on the amount of money available for lending and therefore interest rates. All forms of debt reduce real purchasing power due to the additional costs of interest. Interest rates can sky rocket in a short span of time making all types of indebtedness and borrowing highly inflationary. A quick look at all of the economically failing countries is empirical evidence whereof I speak. This could happen to our country, as well.
Fed Chairmen Allan Greenspan says that cutting taxes on the wealthy is the wrong thing to do. There is a far better way to achieve the objectives of putting more real dollars in the pockets of those in most need who will spend it. Additionally, using global and national economic policies to balance economic opportunity between all economic classifications, both vertically and horizontally within and between countries will generate increased per capita spendable incomes . If properly applied, this could build a broad sustainable real earnings and purchasing power in the lower three fifths of all homeland economies worldwide.
Do you understand how this could help solve our economic and taxation problems? This will reduce indebtedness in all categories and lead to a stable sustainable world economy that is built from the bottom up in every country. Also, as all per capita incomes rise tax revenues increase so we can further cut taxes on the mid and lower income groups. In addition all economic production worldwide needs to be accomplished using Renewable Energy Resources.