Supply and demand.Your December editorial (circuitsassembly.com/pdf/0412/0412editorial.pdf) was good (although, if I might say so, a bit too homey and safe). It's encouraging that you're venturing out politically--you should do it regularly, especially regarding trade and economic policy. You alluded to an intriguing in·trigue n. 1. a. A secret or underhand scheme; a plot. b. The practice of or involvement in such schemes. 2. A clandestine love affair. v. point: Would President Kennedy's Man on the Moon initiative have happened if left solely to free capital markets? Not likely. [TEXT NOT REPRODUCIBLE IN ASCII ASCII or American Standard Code for Information Interchange, a set of codes used to represent letters, numbers, a few symbols, and control characters. Originally designed for teletype operations, it has found wide application in computers. ] I concluded that your underlying question concerns supply side vs. demand push economic policy approaches. Supply-siders always seem to see tax cuts as the answer: Corporations, when able to retain more net profits via lower marginal tax rates Marginal Tax Rate The amount of tax paid on an additional dollar of income. As income rises, so does the tax rate. Notes: Many believe this discourages business investment because you are taking away the incentive to work harder. , have more to invest, and hence of their own initiative will spur the economy. And yet, a key question: Which is more critical, sales or tax cuts? (And) what should the new Bush economic trade policy squad be thinking, policy-wise? Greg Hall The Honourable Greg Raymond Hall is an independent member of the Tasmanian Legislative Council in the electoral division of Rowallan. He was also Mayor of the Meander Valley Council. Hall was born in Launceston on the 19 April, 1948. Los Gatos Los Gatos (lôs gä`tōs, lŏs, găt`əs), city (1990 pop. 27,357), Santa Clara co., W Calif.; inc. 1887. It is an affluent residential community and health resort. , CA |
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