- 05 Jul 2009 18:11
#13083658
What is our current tax system ? Why is 20% tax is too low ?
I do not think that any nation is hopeless to change; however, I think that some nations do require a lot more effort than others to become changed. - Verv
It will plunge the gov't revenue to the point where it won't be able to control aggregate demand allowing price fluctuations and exchange rates to spiral out of control, reducing the demand of our exports; it will depress the aggregate demand further by reducing the population's purchasing power relative to the productive power, which coupled with reduced gov't spending will cause a local recession; meanwhile the untaxed profits will be poured into speculation, which when not backed by real commodities will turn the recession into a depression. It will be like Argentina 2001 all over again
You know if robbing the poor and giving to the rich sounds bad, it probably is bad
What is our current tax system ? Why is 20% tax is too low ?
I do not think that any nation is hopeless to change; however, I think that some nations do require a lot more effort than others to become changed. - Verv