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originally posted by: greencmp
Yes, very much like the effect socialism and all forms of legal plunder have on individuals.
originally posted by: nwtrucker
Seeing all that money generated Post Reagan deregulations, then how, pray tell did the revenues to the federal gov't soar, I can't recall the percentile, but it was massive, If the big guys didn't pay that increase, as you assert, then it must have been the 'little guy'...
If it was the little guy, then that Democrat spin "trickle down economics" actually occurred....
originally posted by: Aazadan
Reagan increased taxes 10 times. The deficit was completely out of control because revenues cratered by the time his tax cuts were fully phased in. That resulted in him passing 10 tax increases, and corrected for inflation his revenues were actually below those of Carters. His 1982 and 1984 tax increases alone constituted a bigger tax increase combined than any other peacetime tax increase in the countries history.
originally posted by: ketsuko
a reply to: TerryMcGuire
It would be interesting to see, but we'll never know. There is no profit in Washington for it.
The theory is that a business can only really reach a certain size before it starts to break down and get taken apart by competitors who are fresher, younger, more directly responsive to customer needs.
This is, of course, without factoring in the possibility that someone could actually corner the market on a critical resource and block all competition that way.
The United States of America is the oldest government on the planet so this experiment is not over.
Our founders warned us of the dangers of central power and we have been dismissing their remonstrations. We must correct that error.
I think the delusion in all of this is the very idea that any "system" could possibly be successful in solving all (or even some) of humanities problems. It is the absence of a system, the free market, that allows for the best possible outcomes simply by allowing all outcomes.
originally posted by: xuenchen
a reply to: makemap
All governments fail.
Most big corporations don't.
Not easy to fight success !!