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Mocker
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Join Date: Jun 2003
Location: Harlem
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Sep 13th, 2003, 06:33 PM
Yet, despite all of this man's claims, he fails to recognize that it was before 1913 - the year where the federal income tax came into place - the US economy was in it's greatest shape.
He mentions that taxes cannot be cut because of education, national defence, and social security, but fails to recognize that taxes could be cut substancially if our government simply stopped attacking other countries because they are "threats" or - more importantly - quit handing out foreign aid so as to get the countries support in the UN.
He also completely ignores that social security is currently failing: I made a thread about this, and no one responded. By the time my generation comes around, social security is predicted to not even fulfill (1/2? something very close: I can did up the article if need be) of what it promised.
He fails to address welfare, which would further cut government spending.
Let's also not forget that the author himself said that Clinton's changes had little to do with the economic boost; by that logic, it is feasible that the economy could have still been better off without the increase. The same thing could be said about Bush's tax cuts: it is feasible that the economy would actually be in a worse shape had Bush not made them. Let us also not forget that economist's are divided about his changes.
This paragraph:
"...America a couple of decades from now will be a place in which elderly people make up a disproportionate share of the poor, as they did before Social Security. It will also be a country in which even middle-class elderly Americans are, in many cases, unable to afford expensive medical procedures or prescription drugs and in which poor Americans generally go without even basic health care. And it may well be a place in which only those who can afford expensive private schools can give their children a decent education."
Is practially dismissable. He provides no facts, no numbers: why should I even believe this?
For all I know, he could be talking about the Great Depression era - an era which is speculated to have been caused by government involvement in the economy. In fact, the depressions of 1907 and 1920 were over within a year, despite the fact that the government did absolutely nothing.
This article is only "excellent" if you like garbage. Do you like garbage?
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I have seen all things that are done under the sun; all is vanity and a chase after wind.
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