There is no way to keep the wealth generated from tax cuts in the

[applegrove]

Last edited Wed Jul 6, 2016, 12:34 AM - Edit history (2)

place taxes would otherwise be higher. When Kansas gives a tax cut do you think the wealthy are investing in Kansas? Of course not. They buy stocks and bonds from the stockmarkets, in companies that invest it around the world. And then the profits are not even brought home to kansas as the corporations sit their billions offshore. If people do make money of said stocks the cycle just continues. The only way to keep a good portion of the money invested in Kansas is to tax it and have the government spend it at home and on people who will spend it at home by virtue of them being not rich.

[cheapdate]

1. Excellent point!

I never thought of that. It seems so simple though.

[applegrove]

2. It over simplifies. But was used by the right to explain why Kansas was not doing as

well as California. I turned the idea of slower growth in some states around on its head and came up with it. I'm sure my hypothesis will soon be proven wrong. Or too simple.

[cheapdate]

3. I'm not sure about that -- that it will be proven wrong.

It has a strong ring of truth. I'm not an economist or an investigative journalist, but I wouldn't be one bit surprised to find that your theory was a significant part of the big picture.