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Bloviating Zeppelin: Cutting Taxes Doesn't Work

Bloviating Zeppelin

(in-ep-toc'-ra-cy) - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

Thursday, March 12, 2009

Cutting Taxes Doesn't Work





March 10 (Bloomberg) -- China vehicle sales surged 25 percent in February, the first gain in four months, after the government cut taxes on some models, helping the country extend its lead as the world’s largest auto market this year.

BZ


3 Comments:

Blogger MK said...

Cutting taxes leaves little money left over for all those social programs, you know.

Thu Mar 12, 07:53:00 PM PDT  
Blogger A Jacksonian said...

China has to cut taxes... 30 to 60% of their GDP is on bad debt and they need *anything* to try and keep the bubble going... even cutting capital gains taxes. Of course getting the government out of the corrupt banking system would help far more, but then we are repeating that here and *no one* proposes getting the government out of mandating a certain percentage of loans go to those who can't afford them. It is all about the money.

Fri Mar 13, 10:03:00 AM PDT  
Blogger Bloviating Zeppelin said...

Huh. Imagine that. Reality intrudes upon China.

BZ

Fri Mar 13, 07:33:00 PM PDT  

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