Reply to thread

Message

I just listened to a Freakonimics podcast regarding tax myths. Some of you might not get past the first 10 minutes (I won’t say why). But, after that there was interesting info. One big takeaway was that in our modern history, there has never been tax cuts and spending cuts together. Actually most tax cuts have seen increased spending after, at least at the federal level. Thinking a tax cut will lead to government starvation just hasn’t occurred. Should it? Probably. But when the cuts start coming, people see what is being lost and all of a sudden aren’t so giddy. I see this at the state level where we actually are fairly decent stewards of tax dollars. As I said earlier, it’s pretty much been settled in SD that the money has to come from somewhere. We don’t have incredible excess anywhere. Our tax system sucks but nobody can come up with an answer.

<blockquote data-quote="Traxion" data-source="post: 447546" data-attributes="member: 983"><p>I just listened to a Freakonimics podcast regarding tax myths.&nbsp; Some of you might not get past the first 10 minutes (I won’t say why).&nbsp; But, after that there was interesting info.&nbsp; One big takeaway was that in our modern history, there has never been tax cuts and spending cuts together.&nbsp; Actually most tax cuts have seen increased spending after, at least at the federal level.&nbsp; Thinking a tax cut will lead to government starvation just hasn’t occurred.&nbsp; Should it?&nbsp; Probably.&nbsp; But when the cuts start coming, people see what is being lost and all of a sudden aren’t so giddy.&nbsp; I see this at the state level where we actually are fairly decent stewards of tax dollars.&nbsp; As I said earlier, it’s pretty much been settled in SD that the money has to come from somewhere.&nbsp;&nbsp; We don’t have incredible excess anywhere.&nbsp; Our tax system sucks but nobody can come up with an answer.</p></blockquote><p></p>

[QUOTE="Traxion, post: 447546, member: 983"] I just listened to a Freakonimics podcast regarding tax myths. Some of you might not get past the first 10 minutes (I won’t say why). But, after that there was interesting info. One big takeaway was that in our modern history, there has never been tax cuts and spending cuts together. Actually most tax cuts have seen increased spending after, at least at the federal level. Thinking a tax cut will lead to government starvation just hasn’t occurred. Should it? Probably. But when the cuts start coming, people see what is being lost and all of a sudden aren’t so giddy. I see this at the state level where we actually are fairly decent stewards of tax dollars. As I said earlier, it’s pretty much been settled in SD that the money has to come from somewhere. We don’t have incredible excess anywhere. Our tax system sucks but nobody can come up with an answer. [/QUOTE]

Verification: What is the most common fish caught on this site?

Reply to thread

Recent Posts

Friends of NDA