taxation

[Undertoad]

The businesses are already here. They LOVE it here, and I'm happy to have them. Yay business!!

IIRC you like taxing the rich. Me too. But to do that, you have to generate them.

In 2010, 214 people became billionaires for the first time.

Brazil, Russia, India and China produced 108 out of them.

http://www.forbes.com/2011/03/08/wor...011-intro.html

America's wealthiest still dominate the global ranks, but the U.S. is losing its grip. One in three billionaires is an American, down from nearly one out of two a decade ago. It has 10 more than last year but 56 fewer than its 2008 peak. The U.S. is adding new billionaires at a much slower pace; just 6% of its 413 billionaires are new this year compared with 47% of China's and 30% of Russia's.

The best way to beat the deficit is to have economic growth. We used to have it in spades. We were the biggest market economy and other big countries were socialist/communist. But in the mid-80s, China figured it out and also became a market economy. Twenty years later,



If the US experienced that sort of growth in the next twenty years, there would be a massive surplus. Health care would be an afterthought in the budget. So this is what needs to happen. The best way IMO is to create an atmosphere heavily in favor of the marketplace (not just *business* per se).