[Info-vax] HP stopping VMS paper documentation ?

[George Cook]

In article <d40cb818-565d-4d52-8955-c816e0d7111a at m7g2000vbc.googlegroups.com>, AEF <spamsink2001 at yahoo.com> writes:
> On Dec 1, 6:24=A0pm, JF Mezei <jfmezei.spam... at vaxination.ca> wrote:
>> VAXman- @SendSpamHere.ORG wrote:
>>
>> > Keep taxes where they are and just stop pissing the money away down the
>> > ratholes of gov't spending.
>>
>> In a recent election in Canada, the right proposed corporate tax cuts.
>>
>> The left proposed tax incentives given to companies who create jobs local=
> ly.
>>
>> So there are ways where government can provide incentives for private
>> enterprise creating jobs that won't involve wasteful government operation=
> s.
> 
> We've had tax cuts under Bush and I don't see any improvement! I don't
> see any success from tax incentives either. Taxes were higher during
> prosperous times.
> 
> Put yourself in the position of a business. Your workers are keeping
> up with demand. OK. Now, implement tax cuts, tax incentives, whatever.
> What possible benefit would it be to you to hire more workers? You'll
> be spending more to pay more workers to produce the same amount. Sure,
> the new workers will cost you less per worker, but so what? You're
> still spending more to produce the same. Now, if demand goes up,
> you'll need to hire regardless of tax changes.
> 
> There's lots of work that needs to be done: repair bridges, roads,
> etc. Clean up the NYC subway. Hiring people to do these jobs will
> increase demand.

Too many fallacies to even address here.  Prosperity is what creates
demand.  Government taxing and borrowing only decreases prosperity
which leads to reduced demand.  It is impossible for a government to
tax and spend an economy to prosperity as has been proved by every
President who tried it including FDR.  FDR believed the complete
morons back then who thought the same way as fools like Krugman do today.
FDR raised taxes everytime a recovery started thereby causing the crisis
to last many more years than it should have.  Any jobs created by
excess government spending are artificial, temporary and very costly.
Each job (very few of which were high paying or permanent) created or
saved by the Obama stimulus cost $312,500, $278,000, $250,000 or
$200,000 tax (well, actually borrowed) dollars depending on various
assumptions.  NPR reports that the $278,000 figure came from Obama's
own economists.  In other words $200,000+ of prosperity was flushed
down the toilet for each job created.  The resulting reduction in
demand and increase in unemployment speaks for itself.

Proper tax incentives to business are not meant to allow more hiring,
but instead are meant to allow upgrading of equipment, building new
plants, opening new stores, lowering the cost of the finished product,
etc.  This creates demand both up (the business spends more) and down
(lower prices mean more people will buy the product resulting in a
need to hire in order to expand production).  This is a self-reinforcing
prosperity expanding cycle.  Increasing taxes, adding heathcare costs
(Obamacare) and creating endless job killing regulations results in a
self-reinforcing prosperity reducing cycle like we are currently in.   

Few actually paid (due to loopholes) those high rates in previous
properous times, so they have no irrelevance to current rates.  Both
JFK (a liberal) and Reagan had good economic success thru lowering
taxes.

Bush created too much prosperity.  Well, actually, the fed created too
much by keeping interest rates too low.  The result was a runaway
housing boom which, with the help of Barnie Frank and his comrades,
caused the mess we are in.  People forget that Bush kept unemployment
near 5% (i.e., full employment) at least partly with tax cuts until
the bubble burst.


George Cook