By using this site, you agree to our Privacy Policy and our Terms of Use. Close

@Final-Fan "The primary result of tax cuts is decreased tax revenue. This is a tautology, but it seems to be one that you do not grasp. "

I'm not quite sure you meant this phrasing, but either way it is not a tautology. Higher taxes does not in any way guarantee higher tax revenue. For example, consider the case where the government charges 100% tax. Then pretty much everyone will work on the black market or not at all, and the government will collect 0 revenue. Clearly at some point higher taxes will actually decrease tax revenue. This is the idea between the Laffer curve.

As an American, I don't see why everyone is convinced that the a weak dollar or trade deficit is too bad. A weak dollar could make it easier for multinational companies to pay US game designers. A trade deficit could be the result of buying a lot of Nintendo games. Sounds good to me.