Romney wants to reduce corporate taxes

I am not an economist, at best I am an armchair quarterback, but …

everything that I have heard suggests that:

  • 1 – trickle-down economics does not work in a Non-Balanced Trade Environment, because a lot of money trickles OUT
  • 2 – corporations will invest into what ever offers them the highest ROI, even if it is overseas … they love profit, not America

IF this is fairly accurate, then be aware of Mitt Romney’s desire to further cut taxes for corporations, though he is correct that overly-heavy regulations do discourage innovation and growth (if any democrats do not acknowledge this basic principle then they are being misleading).

But the question is: what is the critical point of regulatory heavy handed-ness? Unless a politician (Mitt or Barack or Hillary or Newt, etc) can meaningfully discuss this concept then they are no more credible than I am.

Maybe consider this: the opposite of trickle-down economics is bubble-up economics, where money is put into the hands of the poorest through democratically created & approved productivity-oriented social programs.

These are not welfare handouts, but rather training programs for the unemployed, etc. If the voting public does not like a particular bubble-up program, then we can vote against it – no fear. Economically-rehabilitated people can then spend their new found wealth on small and medium-sized consumer tickets, and from there the $ slowly bubbles up to the executives (finally they get their money), but only after me and you have had a chance to dance with it.

Because bubble-up economics dilutes the primary basis for crime, poverty, crime will go down, so municipal law enforcement budgets should drastically decrease as well over time. Republicans will be happy about reducing government spending on law enforcement.

2 responses

  1. In socialist Yugoslavia you did get to stain in line for cheese and sausages though (I know first hand) and the 100% employment was a state controlled lie.

  2. Interesting. My first hand knowledge seems to be different from yours … hmmm.

    I lived in Slovenia for 2 years: no one there, young or old, has any experience similar to standing in line for food, and everyone acknowledges near-100% employment. I spent a considerable amount of time discussing politics with people from different age groups and professional backgrounds.

    May I ask about your personal first hand knowledge?

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