A Quote by James Cook
Why is it so hard to see that when America had high savings, low taxes and minimal government, the economy grew like a week, and today when we have just the opposite, the economy is shrinking.?
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The US economy today is in really bad shape. Our economic growth is minimal, our regulatory burden is horrific, taxes are high, businessmen are not investing in growth, and consumers and government are loaded up with debt.
We are shrinking the size of the federal government as a percent of our economy from over 21 percent of the economy to 19 percent of the economy. At the same time, we're growing the private economy.
Today it's fashionable to talk about the New Economy, or the Information Economy, or the Knowledge Economy. But when I think about the imperatives of this market, I view today's economy as the Value Economy. Adding value has become more than just a sound business principle; it is both the common denominator and the competitive edge.
America is now a socialist economy. The definition of a socialist economy is when 50% or more of your economy is dependent on the federal government.
The government does not add value to the economy. It removes value from the economy by imposing taxes on one citizen and providing cash to another.
We in Tennessee know that low taxes, less government, and less spending are the ways to grow our economy.
I think the reason that the Trump economic agenda is beneficial is, he is doing the right things. He wants to see growth, he wants to see to lower taxes, he wants to see this cash pile sitting outside the US return to the US. All of these things I think will be good for the US economy, and as I've said, if the US economy grows, the global economy benefits hugely.
If we don't embrace a low carbon economy this decade, it won't just harm the planet, but also the U.S. economy.
There's no easy way to say this, so I'??ll just say it: We're no longer No. 1. Today, we're No. 2. Yes, it's official. The Chinese economy just overtook the United States economy to become the largest in the world. For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet.
I think that we've had an economy that's been out of balance for too long. So the general principle of raising taxes on higher income Americans, like myself, and providing relief to those who haven't benefited as much from this new global economy, I think is a sound one.
hy is it you can impose a new tax and keep your economy growing? Only if you cut other taxes by exactly the same amount. The problem with carbon taxes around the world has been you dump a new tax onto the economy and it's just adding more tax.
It's extremely hard for the economy to grow when the workforce is shrinking.
In a very weak economy, when you say 'cut government spending,' what you mean is you're laying off school teachers and you're de-funding various programs that put money into the economy. This means you have more unemployed people that then draw unemployment benefits and don't pay taxes.
If all you think we need to do to get this economy going and get this country on the right track is to cut government and reduce taxes, you don't understand America. America is a moral enterprise, not an economic enterprise.
The tragedy of government welfare programs is not just wasted taxpayer money but wasted lives. The effects of welfare in encouraging the break-up of low-income families have been extensively documented. The primary way that those with low incomes can advance in the market economy is to get married, stay married, and work—but welfare programs have created incentives to do the opposite.
Even if you assume that the whole economy would work better had we never had double taxation, having the envy and resentment of the richest paying low or no taxes screams of injustice. You have to have a fair system.
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