On Sat, 12 Jan 2008 17:57:41 -0800, Gunner
wrote:
snip
Its also littered with the corpses of national economies that tried to
tax themselves into prosperity.
snip
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Indeed there are, but it is important to remember that unless
government spending is reduced by the same amount as the "tax
cut," it is not a tax cut at all but simply "tax shifting."

This can take several forms such as to other people/institutions
in the current time frame (that are generally less able to pay,
and have less political clout), to the future taxpayers through
borrowing, and disguised as different wealth transfer mechanism
such as "inflation" which operationally is a "capital levy" on
everyone stupid enough to hold dollar denominated/based
securities/assets such as cash, bonds, annuities, pensions, etc.

The MBAs may indeed know how to "game the system," but this is a
useless skill as soon as everyone becomes aware the game is
rigged and refuses to play.