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A bubble usually bursts. Is that what some believe will happen? The bubble will "burst"? What then?!
All seems ridiculous to me.
The debt "bubble" is not going to burst and go away.
People (corporations, too) may stop borrowing so much money, but they will still owe all the money they have borrowed.
Just some term people like to throw around I guess.
A bubble usually bursts. Is that what some believe will happen? The bubble will "burst"? What then?!
All seems ridiculous to me.
The debt "bubble" is not going to burst and go away.
People (corporations, too) may stop borrowing so much money, but they will still owe all the money they have borrowed.
Just some term people like to throw around I guess.
Did the banks get put on the hook for all the money they owed in 2008? No they did not. The taxpayers were.
2012-2013, lawmakers in Kansas slashed personal income taxes because it would supposedly 'stimulate the economy'. Today Kansas now faces horrendous budget deficits and is struggling to repair roads, fund schools, and has slashed funding for research at universities. They should just write this saga into a novel entitled 'The GOP Economic Playbook: How to Ruin a State.'
Why did they cut taxes without cutting spending along with it? The first things that should have gone are non-essentials, like research at universities. Talk about the bottom of the list of things that need to be paid for with tax dollars.
Yes prices go down when the cost to get that product goes down. Who is going to drop prices below the profit margin unless it's a price war to get rid of competiton?
But this has nothing to do with a company having more money because you have less taxes to pay.
The price is at $100 per br. I get a loan to drill a well. At the same time I do this a lot of other people are doing the same thing. All the wells come online at the same time. What was $100 br. is now $40 br. because of over production. Over investment in productive wells capacity leads to unemployment in exploration. Why do they keep pumping? because they have debt to service.
You can't have easy credit with a high top marginal tax rate.
Like the Housing boom/bust? That had nothing to do with a high marginal tax rate. Everything to do with lowering lending standards. Easy credit.
Last edited by Loveshiscountry; 08-23-2016 at 01:31 AM..
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