tag:blogger.com,1999:blog-5090403.post5590773731129257414..comments2023-09-07T04:24:11.648-06:00Comments on y-intercept blog: Payroll Tax Vacationy-intercepthttp://www.blogger.com/profile/03389285761013186443noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5090403.post-9833019216003480162009-02-23T16:20:00.000-07:002009-02-23T16:20:00.000-07:00I hope I wasn't just spreading a talking point. Th...I hope I wasn't just spreading a talking point. <BR/><BR/>The problem after Bush's tax cut without spending cuts was that he reduced the term "tax cut" to buzzword status. <BR/><BR/>This clip presents tax cuts as a gimmick.<BR/><BR/>McCain's gas tax vacation proposal was a gimmick as well. We need people to get back to substance.<BR/><BR/>BTW, one can actually stimulate long term investment with a future tax cut. If the powers that be announced a capital gains tax cut that would hit in 2012, they would spur a spat of long term capital investment.<BR/><BR/>A tax vacation doesn't work because people know the taxes will rise after the vacation is over. A tax vacation might even result in divestment as people sell off investments to get the tax break.y-intercepthttps://www.blogger.com/profile/03389285761013186443noreply@blogger.comtag:blogger.com,1999:blog-5090403.post-60292104968727829542009-02-23T13:29:00.000-07:002009-02-23T13:29:00.000-07:00I had links to both of these videos sent to me in ...I had links to both of these videos sent to me in the same email. I have already posted on the silliness of a payroll tax holiday. It would only stimulate the economy in functionally real ways if the holiday were permanent. The downside, of course, would be loss of a permanent method of funding the associated entitlements. Still, the rant in the second video is rather entertaining.Scott Hinrichshttps://www.blogger.com/profile/11831447472339880148noreply@blogger.comtag:blogger.com,1999:blog-5090403.post-37400752642590431482009-02-23T00:05:00.000-07:002009-02-23T00:05:00.000-07:00The video does a great job showing how people resp...<A HREF="http://www.cnbc.com/id/15840232?video=1039849853" REL="nofollow">The video</A> does a great job showing how people respond to dictates ... especially when the dictates are coming from a politician who was promising a new age of enlightenment.<BR/><BR/><BR/>Hmmm, politicians and the leading elite of the nation are using a crisis to push through social policies that they want with no public debate.<BR/><BR/>One can't help but wonder to what extent the crisis was manufactured specifically to make an opening for the dictates.y-intercepthttps://www.blogger.com/profile/03389285761013186443noreply@blogger.comtag:blogger.com,1999:blog-5090403.post-80950184199708895162009-02-22T22:00:00.000-07:002009-02-22T22:00:00.000-07:00Have you seen this:http://www.cnbc.com/id/15840232...Have you seen this:<BR/><BR/>http://www.cnbc.com/id/15840232?video=1039849853Anonymoushttps://www.blogger.com/profile/06900591289532265883noreply@blogger.com