- Cape businessman known for starting NARS dies at 49 (2/23/17)9
- Apparent punch at girls basketball game propels lawmaker into action (2/21/17)4
- Business notebook: Owners ready to roll out the Barrel 131 (2/20/17)7
- Japanese restaurant up and running; owner surprised by fondness of sushi here (2/24/17)1
- SoutheastHEALTH, Washington University School of Medicine announce collaboration (2/24/17)21
- Missouri bill would limit transgender school bathroom access (2/22/17)48
- City issues precautionary boil order near Arena Park (2/23/17)
- Annual father-daughter dance provides some fun bonding time (2/19/17)1
- $22M bond issue would alter Jackson schools (2/22/17)13
- Former KFVS12 reporter talks about recovery from eating disorder (2/23/17)11
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.