Trumps Tax Reforms Are Going To Make USA Boom!

in #freedom7 years ago

trump dollar.jpg

Love him or loathe him the tax reform package that Trump has managed to get passed into law will make the US economy boom. It could've actually been even steeper tax cuts which would likely have given the USA previous China like growth rates of 7-10% but the current package I can see leaving the US economy with at least 4% average growth rates per year. I have seen a lot of reports about people complaining that these tax cuts are being implemented but why so? If you pay less taxes you keep more money and surely you know better what to do with YOUR money than some slow moving government beaurocracy?

Even if the arguments are against 'greedy corporations' which is complete balls because if they pay less tax they have more to invest and more to pay in wages. Investing in future tech or just having more to reinvest in business in general is very good for the business, the employees and ultimately the country. YOU CANNOT TAX YOURSELF TO WEALTH IT IS IMPOSSIBLE.

Any country that reduces taxes grows faster making everyone richer along the way, it is just economics 101. If Trump had scrapped personal taxation and corporation tax altogether I think growth rates of 20% could be achieved, but that's not likely to be implementable with so many vested interests of course. And with those huge tax cuts would be scrapping the IRS? and several other unnecessary departments saving not only the wages, but the pensions and health cares payments AND those ex employees of government waste could be employed in the private, growth producing sector. And no one would need to waste time, money and stress on filing immoral and unnecessary tax returns meaning more productivity or leisure or whatever, but basically economically more growth.

Next tax bill from a country lets hope that government wakes up to the fact that income taxes are only 100 years old of so and are super destructive. Blockchain tech may speed this process up with any luck.

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