A Quote by Greg Fitzsimmons

I love when problems have simple solutions. Cold medicine. Umbrellas. Condoms. Tax incentives & subsidies attracting favored industries. — © Greg Fitzsimmons
I love when problems have simple solutions. Cold medicine. Umbrellas. Condoms. Tax incentives & subsidies attracting favored industries.
Simplification of the tax code would not only unlock dormant economic potential, but, in the process, it would blunt the preferred weapon of social engineers, who reward favored industries, punish success and distort economic incentives.
If we think that high marginal tax rates are bad because they distort incentives, the same is then true for tax subsidies.
Urban America has been redlined. Government has not offered tax incentives for investment, as it has in a dozen foreign markets. Banks have redlined it. Industries have moved out, they've redlined it. Clearly, to break up the redlining process, there must be incentives to green-line with hedges against risk.
We can attract new businesses and jobs in fast-growing industries through tax incentives, incubators, zoning tools and CUNY partnerships.
Beware of people preaching simple solutions to complex problems. If the answer was easy someone more intelligent would have thought of it a long time ago - complex problems invariably require complex and difficult solutions.
I'll give you a simple formula for straightening out the problems of the United States. First, you tax the churches. You take the tax off of capital gains and the tax off of savings. You decriminalize all and tax them same way as you do alcohol. You decriminalize . You make gambling legal. That will put the budget back on the road to recovery, and you'll have plenty of tax revenue coming in for all of your social programs, and to run the army.
The tax code is very inefficient. Both the personal tax code and the corporate tax code. By closing loopholes and lowering rates, you could increase the efficiency of the tax code and create more incentives for people to invest.
The Jacksonians were libertarians, plain and simple. Their program and ideology were libertarian; they strongly favored free enterprise and free markets, but they just as strongly opposed special subsidies and monopoly privileges conveyed by government to business or to any other group.
These are serious problems in all of our major cities: homelessness, education, there are are a number of them. And they require hard thinking and innovative solutions. But I think cities are so better off working with the business community towards joint solutions, rather than trying to tax them.
I'd be wary of simple solutions to complex problems.
Sometimes it seems as if there are more solutions than problems. On closer scrutiny, it turns out that many of today's problems are a result of yesterday's solutions.
Subsidies for the oil, gas and coal industries are projected to cost taxpayers more than $135 billion in the coming decade. At a time when scientists tell us we need to reduce carbon pollution to prevent catastrophic climate change, it is absurd to provide massive subsidies that pad fossil-fuel companies' already enormous profits.
I call crony capitalism, where you take money from successful small businesses, spend it in Washington on favored industries, on favored individuals, picking winners and losers in the economy, that's not pro-growth economics. That's not entrepreneurial economics. That's not helping small businesses. That's cronyism, that's corporate welfare.
What you do by having an income tax rate reduction across the board, you really provide great incentives for people to work, produce, and increase output. So I would support a carbon tax in replacement for a progressive income tax.
Having what I call crony capitalism, where you take money from successful small businesses, spend it in Washington on favored industries, on favored individuals, picking winners and losers in the economy, that's not pro-growth economics. That's not entrepreneurial economics. That's not helping small businesses. That's cronyism, that's corporate welfare.
I'm always on the lookout for those good, simple solutions to everyday problems.
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