Arthur Laffer Program
A few nights ago I attended a lecture sponsored by The Heritage Foundation. Key speaker was Arthur Laffer, Ph.D., author of the "Laffer Curve." Key points included:(...are my comments)
The schism between the Democrat Left and the Conservative/Republican Right is based on significantly different way to grow the American economy. (No, the current system is NOT working.)
Over 10 years, the nine states without state income taxes wallopped the growth of the nine states with the highest income taxes. This lack (or brilliance) of no state income tax results in growth.
Laffer, "Why is this so hard to understand? You tax people who work to pay people who do not work," Doesn't make sense. (besides, it kills the soul of a human)
Government does not create resources, it only redistributes them (and with a very expensive "middle man")
Government stimulus spending hurts the economy; today's recession was created by stimulus spending. Democrats want to increase stimulus spending, Republicans do not.
January 1, 2013, a 20% tax hike takes effect. (not good.... if it's bad now, it will only get worse)
Today's Republicans differ from previous Republicans (think 1994 - we'd been out of power so long, we didn't know how to handle it). Today the Rs are better organized, structured, etc. (Thank you Paul Ryan).
To get out of our mess, to succeed: decrease taxes, decrease regulations, aim for a flat tax, put in permanent spending cuts, and government - get off our backs.
Final point: Question - would you invest in Company A where all the executives are very well paid or Company B where the executives have stock options, bonuses tied to performance? Most of us would invest in B. Food for thought - Washington politicians have no skin in the game.