48Days.NET

Will Raising Taxes Grow the Economy?

I was listening to a radio show where the discussion was about whether raising taxes on the Rich would grow the Economy. After some discussion and debate I decided the host was correct that higher taxes would impede more investment into business expansion and growth. I simply asked myself what is the alternative? The alternative is to have the government confiscate the money but,not necessarily spend it wisely.The host reminded me that a former President said that the government knew how to use that money better than the citizens.  I was under the impression that getting capital was easy and  hassle free for a Billionaire but after reading Richard Branson's Autobiography"Losing My Virginity" I learned it is not quite that simple. The fact is that the businesses which provde a lot of the jobs are small and medium sized businesses. I would rather trust them to use their money to expand and build business than the government with their tax money.

Views: 14

Comment

You need to be a member of 48Days.NET to add comments!

Join 48Days.NET

Comment by Rochelle J Delain on June 5, 2012 at 10:18am

Flat tax is the most fair in my opinion.

Comment by Archie Winningham on June 2, 2012 at 1:27pm

Gary,

We've all seen how wisely the government spends our money. Forget all the mumbo-jumbo confusing and twisted politic talk. The only raise in taxes that I would agree with, is the "flat across the board for EVERYONE" tax. If this raises my tax rate, then so be it. Other than that and getting back to your original question, "no" gets my vote. But then, that's just my own unique DNA that God created talking. Takes all kinds though, I guess.

Check it out!

Follow 48 Days:

Have a question or want to connect? Enter in some keywords here to see what we're already saying!

Weekly Podcast

Hosted by Dan Miller

Good stuff from 48days

Sign up for the FREE weekly 48 Days Newsletter HERE
Registration for Innovate is open for a limited time - go ahead and secure your spot at one of our events this year!
Check out Dan's 
daily blog and 
free worksheets
Get the 48 Days App!


 


Have a question or want to connect? Enter in some keywords here to see what we're already saying!

 

© 2014   Created by Jon Dale.

Badges  |  Report an Issue  |  Terms of Service