Letter: Stabilizing economies

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  • What in Tucket? Provo, UT
    July 18, 2014 6:38 p.m.

    A 100% tax results in no tax revenue. The government cannot "stimulate" an economy as the stimulus bill. It was a failure. Reduction in red tape, lower and simpler taxes and a move toward balancing the budget would result in a Reagan turn around.

  • FreedomFighter41 Provo, UT
    July 18, 2014 5:55 p.m.

    "And then when LBJ's 70 percent tax rate on the working class was reduced by GOP and congress that is a good thing right?"

    Lowing this tax on the working class didn't help at all. Most of the working class don't have capital gains.

    Unfortunately, the richies who bought off Congress do. Therefore, they don't have any incentive to work. If they were to work, they'd have to pay a higher income tax. So they're incentivized to not work and to merely live off their estates and fortunes because the Capital gains tax rate is so low.

  • Emerger Magna, Salt Lake, UT
    July 18, 2014 3:54 p.m.

    In my opinion, the solution is to get the government totally out of the market system. Stop all subsidies to any private business, big or small, and do away with regulations that apply only to certain businesses or types of businesses, and those that stifle entrepreneurship, productivity and real competition. Those businesses that that supply the best product, services, and prices will survive --and thrive-- and the rest will fold. In short, we need to return to the free enterprise system, something that hasn't truly existed in America for many decades.

  • marxist Salt Lake City, UT
    July 18, 2014 3:25 p.m.

    If we want to level the business playing field, if we are serious about it, then we should do away with incorporation. Make the owners of all businesses live by the rules of sole proprietorships. This would direct investment funds to small business where investors could keep an eye on whats going on.

  • jsf Centerville, UT
    July 18, 2014 3:17 p.m.

    "Encourage work not stagnation. Reward the workers and punish the takers." Someone really hates the 47%.

    And then when LBJ's 70 percent tax rate on the working class was reduced by GOP and congress that is a good thing right?

  • FreedomFighter41 Provo, UT
    July 18, 2014 2:07 p.m.

    I know of something which would help small businesses and working class families. For most of our history in the 20th century, we had high capital rate taxes and low income rate taxes. This encouraged people to become workers and actually produce something. It also punished those takers who were lazy and desired to merely live off their estates or family fortunes.

    This helped to produce a vibrant and hard working America.

    Unfortunately, in the early 1980s, this all changed. Suddenly, the American government at that time changed the tax code radically.

    They began to punish people for working and rewarding the lazy and entitled.

    Today? Look at our society!

    The richest are the laziest. What has the Walton family done? What have they produced? They're living off their father.

    Workers today are punished with high income taxes. While the lazy or unemployed are rewarded for not working with low capital tax rates.

    We need to change this. Encourage work not stagnation. Reward the workers and punish the takers.

  • 10CC Bountiful, UT
    July 18, 2014 12:22 p.m.

    The free market will decide which businesses survive & thrive and which don't.

    I'm as supportive of the notion of small businesses as anyone else, but if they're unable to compete, trying to keep them afloat becomes a futile effort.

    Small shopkeepers and neighborhood pharmacies have been largely replaced by Walmart.

    In turn, Walmart is seeing its revenues stall, as median income is sluggish (at best) and as online retailers like Amazon make the online shopping experience even easier - not to mention safer, in our violent world - by enabling the comparing and purchasing of a vast array of products, from the comfort and safety of your home.

    Nothing sinister happening, here - it's just the free enterprise system at work.

  • LDS Liberal Farmington, UT
    July 18, 2014 12:12 p.m.

    By "Locally", and only "Made In America".

    Stop giving everything to Communist China.

  • ugottabkidn Sandy, UT
    July 18, 2014 11:42 a.m.

    History has the answer and it has been that way since we adopted a form of capitalism. If you want your business to thrive then empower your customer. Instead we have looked the other way while competition has all but been relegated to the proverbial shelf. If your customer is struggling with feeding his family, educating their children, gassing the car, and especially raising healthy kids then you are going to struggle, especially a small business. No business can survive without customers. Period. If you want to stop the insanity then quit pretending your Washington representation is the only representation that isn't on the take. The answer is not subsidies but a customer first policy. "Priviledge is when you think something is not a problem because it not a problem to you personally."

  • Atlas Smashed Santa Monica, CA
    July 18, 2014 9:03 a.m.

    Doesn't Bradley know? Subsidizing and bailing out big business is necessary for the "Americans free market."

    Subsidizing and bailing out small business is socialism.

    Just ask the tea party, they'll tell ya the same thing.

    Don't believe me? Look at how many billions we hand out to oil and coal.
    Look at how much we subsidize Walmart in food stamps because their CEOs don't feel like paying their workers decent wages.
    Look at how much the repubs president, Bush, handed out to banks too big to fail.

    I speak from personal experience, want to help small businesses? Get rid of the corporate handout and break up the monopolies and trusts. Create competition, don't squash it.

  • Mountanman Hayden, ID
    July 18, 2014 8:56 a.m.

    Want to help small businesses? Get rid of Obamacare! I speak from personal experience!

  • Roland Kayser Cottonwood Heights, UT
    July 18, 2014 7:04 a.m.

    Politicians always talk about helping small business, but that's usually just a cover for helping, GE, Boeing, IBM, Halliburton, etc. You see, small businesses just don't make big enough "donations".

  • The Real Maverick Orem, UT
    July 18, 2014 6:50 a.m.

    But small businesses can't bribe as much as large businesses.

    Your man and pa flower store can't pay Mike Lee nearly as much as the Koch bros. Think Bush would have ever paid $800+ billion to bail out a small business? Or invade Iraq for $2 trillion for a small business?

    So why do we act surprised when all our representation cares about are big businesses?