It seems to me that those who are shouting that taxes are too high especially corporate taxes should be lowered are missing a very important law of economics.The law of diminishing returns.
It also seem to me that lowering taxes is a form of stimulus,( for those who keep screaming that stimulus doesn't work yet ask for lower taxes). It is my unlearned opinion that we have hit the saturation point when it comes to lowering or eliminated tax as a stimuli. Thus the law of diminishing returns.
Come to think about it lowing taxes is kind of Keynesian. (Sorry I digressed). Those who want lower taxes are the same people who keep saying Keynesian economics is dead.
Speaking of the law of diminishing returns just how much can the fed do?
Why should a company borrow money at record low interest when there making more money then they ever did before?
Why should a company borrow money when it's trying to cut payroll and is selling assets?
Who can use the money from having low interest rates? Let me guess, speculators who make commodities like oil prices go up.
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