Wednesday, March 25, 2009

Health care is the future of our economy?

I'm going to keep this brief. In President Obamas press conference last night one thing stuck with me. He said that creating a national health care system is the way to correct the economy. I know I'm paraphrasing, But please tell me how giving away health care create jobs and revenues? I'm no economist but I can see that statement is inept. There is but one way to stimulate the economy. Last night Obama said his critics have no suggestions or solutions. Well I've got some. That one way to stimulate the economy is by eliminating the capital gains tax permanently and eliminating the corporate tax for 3 to 5 years at least (permanently would be better) This would spur immediate business growth and investment in this country. I am talking about a turn around tomorrow not in two years or three years I mean tomorrow!
The reason it does not happen is the politicians want to take credit for fixing the same thing they broke. It's disgraceful. Think about if you gave any business a 37% increase in their bottom line. What do you think they would do with it? I'm sure the ill informed will think they will stick it all in their own bank account but the semi conscious would understand they would reinvest that money to grow more and make more. What does it take to grow? Employees, materials, buildings, vehicles and on and on.
If you eliminated capital gains taxes people would reap more rewards from their investments and that too would get spent thus boosting the economy also. It is so simple.

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