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Old 12-30-2002, 10:21 AM   #21
MagiK
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Timber...I know you and I disagree on this, but the only way to stimulate the economy is to allow people who have the ability to spend do so...by keeping more of their money. The poor do not pay taxes, they in fact collect more than they put in, so trying to help them won't stimulate anything. The people who have moeny who get to keep it, will spend it on products or grow their business. Only 50% of the people pay into the tax coffers, so those 50% are by definition the only ones who are going to benefit from stimulas pacakges. giving more of other peoples money to the lower 50% doesnt do anything for anyone since they really cannot do anything (economy wise) sigificant with it.

Prosperity lies not in increasing the welfare state but in growing the business and allowing new business to be started. You do this by lowering taxes (which by definition benefits the top 50% of all people) getting rid of capital gains taxes and other business inhibiting taxes. Welfare as a whole needs more reforms and needs to encourage people to get out and work, to improve themselves and to contribute to society and their own welfare. Education benefits are needed, and so are stricter controls on the existing welfare funds, to limit faud, waste and abuse.