- Man shot by police ID'd; witness shares his side of story (2/17/17)31
- Settlement reached in accidental shooting case at Kelly High (2/15/17)10
- Jackson board votes to demolish high school building if bond issue passes (2/15/17)24
- MSHP: McLendon shot in side; autopsy refutes witness account (2/19/17)23
- Cape officer shoots man inside a home (2/16/17)7
- Panda Express restaurant coming to Cape's Siemers Drive (2/14/17)2
- Business notebook: Owners ready to roll out the Barrel 131 (2/20/17)3
- Former Cape cop indicted on possessing child porn (2/17/17)
- Man dies after being shot by officer; said to have come at cop with knife (2/16/17)29
- Ray's of Kelso to close, then reopen under new ownership (2/16/17)6
More efficiency in government is best stimulus
To the editor:
I am having a problem understanding the practice of stimulating the economy by income-tax reduction. I can understand that we pay too much tax, but we are operating on a deficit economy. That means money not collected through taxes ends up as an increase in the national deficit. Since the wealthy pay most of the taxes, dollarwise the wealthy end up with the major part of the reduction. Now the investment pool (government bonds) increases by the amount of reduction in taxes plus interest. This, I feel, negates any expected stimulus.
Bottom line: It appears to me that we are swapping interest-bearing government bonds as a refund for taxes. I think the only thing that can stimulate the economy is to improve efficiency in government and industry so that more money is available for expansion.