John - You need to look at this tax change with respect to the global economy. In the 1960's most of America's GDP was producing product for our own domestic consumption (vs. imports) plus exports to a world that was still recovering from WWII or had not begun to be economic powerhouses - Germany, Korea, Japan, China, India, Brazil, Russia, etc.

In 2011, the story is very different - we have lots of competitors that are smart, economically focused, efficient, and eager to compete on the world stage. Therefore, if we want companies to invest here and hire here, we need to be competitive on tax rates (as well as education, infrastructure, etc.). Likewise, with the mobility of money to be invested anywhere in an instant, investors need a reason to invest here vs. other markets where they may get both a bigger return and less of a hit on taxes.

Net, unless we plan on walling ourselves in, we need to be able to compete with the rest of the world - which is very different from the post-WWII hegemony we enjoyed.

posted by 72.228.33...

• Oil company subsidies?, No Snaab, Tue, 26 Apr 2011 07:25:34
  • Are political comments permitted on the General Board?, dudethe9-5isfast, Wed, 27 Apr 2011 19:10:30
    • It does occassionally, No Snaab, Thu, 28 Apr 2011 07:23:56
      • Can of worms?...I'll say. Enjoying the thread! n/t, Joeychess, Thu, 28 Apr 2011 08:21:48
  • Does US military presence count as a "subsidy"?, Bill Homer , Wed, 27 Apr 2011 08:17:10
    • Correct - good point, john b, Wed, 27 Apr 2011 19:12:53
      • Served up a fat one, eh?, Bill Homer , Thu, 28 Apr 2011 08:00:16
  • Re: Oil company subsidies?, john b, Tue, 26 Apr 2011 22:47:29
    • Re: Historical Perspective, BTG88, Fri, 29 Apr 2011 12:35:46 <-- Viewing This Message
    • LBJ, Nixon, Ford and Carter Years were better?, Reality, Tue, 26 Apr 2011 23:06:52
      • Reagan cut taxes? That's the BIG myth, AeroEd, Wed, 27 Apr 2011 14:55:15
        • Re: Reagan cut taxes? That's the BIG myth, EGD , Thu, 28 Apr 2011 10:32:26
          • Give the man credit where credit is due, Reality, Thu, 28 Apr 2011 12:07:17
        • You are counting Payroll Tax, Reality, Wed, 27 Apr 2011 18:17:54
        • Not to mentioned, No Snaab, Wed, 27 Apr 2011 16:55:57
  • Re: Oil company subsidies?, EGD , Tue, 26 Apr 2011 15:21:05
  • Gee...uh.... I'mm have ot make this short., nwas, Tue, 26 Apr 2011 13:17:48
  • Re: Oil company subsidies?, AeroEd, Tue, 26 Apr 2011 09:38:03
    • Re: Oil company subsidies?, BTG88, Tue, 26 Apr 2011 18:34:44
      • re singapore -, Mark from Toronto, Thu, 28 Apr 2011 22:42:15
        • Re: re singapore -, BTG88, Fri, 29 Apr 2011 11:47:15
          • Re: re singapore -, Mark from Toronto, Sun, 1 May 2011 22:16:38
      • Re: bottom 47% pay no tax, TML , Wed, 27 Apr 2011 06:47:55
        • Re: bottom 47% pay no tax, BTG88, Fri, 29 Apr 2011 12:05:08
        • Re: bottom 47% pay no tax, BTG88, Wed, 27 Apr 2011 15:53:46
          • Re: bottom 47% pay no tax, TML , Wed, 27 Apr 2011 17:14:55
          • small business, PLEASE, AeroEd, Wed, 27 Apr 2011 16:17:42
            • Re: small business, PLEASE, BTG88, Fri, 29 Apr 2011 11:52:57
            • Some/many Kenyans are rapists, Reality, Wed, 27 Apr 2011 18:24:43
              • Is that the latest Trump attention-seeking lie?, AeroEd, Wed, 27 Apr 2011 20:26:57
                • Back to the more important issue at hand, Reality, Wed, 27 Apr 2011 23:58:23
                  • I think what AeroEd meant was..., James, Thu, 28 Apr 2011 08:55:10
                    • Don't forget visible income is necessary for borrowing, Reality, Thu, 28 Apr 2011 09:35:35
                • Quite unrelated, Reality, Wed, 27 Apr 2011 23:55:03
        • Re: bottom 47% pay no tax, Erik919kt, Wed, 27 Apr 2011 15:26:22
    • Re: Oil company subsidies?, EGD , Tue, 26 Apr 2011 15:16:49
      • 10% of us are "rich", AeroEd, Tue, 26 Apr 2011 19:04:09
        • Re: 10% of us are "rich", EGD , Tue, 26 Apr 2011 21:12:31
          • Re: 10% of us are "rich", Erik919kt, Wed, 27 Apr 2011 15:22:10
      • I'd agree, nwas, Tue, 26 Apr 2011 18:15:03
  • Re: Oil company subsidies?, kkelley, Tue, 26 Apr 2011 09:02:28
    • subsidies vs. ?, AeroEd, Tue, 26 Apr 2011 09:44:51
      • Re: subsidies vs. ?, kkelley, Tue, 26 Apr 2011 11:13:02
        • Balance, nwas, Tue, 26 Apr 2011 13:19:55
          • Re: Balance, kkelley, Tue, 26 Apr 2011 13:27:02
            • Re: Balance, James, Wed, 27 Apr 2011 03:28:29
              • Re: Balance, kkelley, Wed, 27 Apr 2011 06:07:03
                • Re: Balance, James, Wed, 27 Apr 2011 06:43:34
            • Yes, nwas, Tue, 26 Apr 2011 18:21:16
  • Re: Oil company subsidies?..Ethical Capitalism! n/m, Joeychess, Tue, 26 Apr 2011 08:28:55

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