Nice to see the Southern Avenger talking Austrian Business Cycle Theory.
Daily Archives: 14 September 2010
Peter Schiff on Obama’s tax proposal
Skip to 1:40.
President Obama justifies tax cuts only for middle class help because middle class spends while upper income earner are more likely to save and invest. This may be true, but it’s bad economics. The last thing the U.S. needs is more spending. We need savings & investment.
Instead of criticizing people who invest abroad, Obama should figure out why people want to invest abroad. Sweden coorporate tax rate is 27%. The U.S.’s is 35% (and that’s just federal).