Quote:
Originally Posted by detbuch
So get rid of corporate welfare. That will, in effect, be equivalent to raising taxes on corporations. And also by eliminating various other projects of the Federal Government (cutting government by X%) that will also, in effect, be equivalent to raising taxes. Both eliminations will leave a huge surplus of what is now collected in taxes to go toward fiscal responsibility and lowering the debt. And will spur a huge increase of competition in business and productivity in labor. So you'll have the equivalence of your preferred "liberal" taxing method of austerity, yet be true to your "Tea Party" self.
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This is a challenge in a global economy where domestic industries are competing against companies often heavily subsidized by foreign governments. We're shackled by short-termism and shareholder value when China is working on decades long business plans.
It's messy.
-spence
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