Third, we know that when George W Bush permitted such a low tax on repatriations during his time in office it did not promote investment or growth. It did instead let profits flow to shareholders by way of dividends or share buy backs at low rates. I am sure the same thing will happen this time.
And then what happened to the money?
After those investors had paid their taxes (15% income tax on dividends, perhaps 20% on capital gains) what did they do with it?
They either invested it or spent it upon consumption. Those being the only two things that can be done with it.
The tuberous snippa would improve the quality of his economic analysis if he were able to actually work his way through an economic question or example….
Fourth, whatever anyone thinks about the Laffer curve we know that cuts to rates of around 35% reduce revenue.
Which is to think that the US only has the Federal tax system. Which ain’t true of course, whether we are talking individual or corporate income taxes….
Perhaps it’s time to stop using the polite snippa. Already.