Quote:
Originally Posted by Azure
Well, the problem with that is actually seriously thinking the government will cut taxes in a time of recession to promote more growth.
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Seems to me that implementation problems are more prevalent on the boom side than on the bust side. If you raise taxes in the booms, you can afford to cut them in the recessions.
Quote:
Originally Posted by Bownesian
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Bownesian... you're largely right. I'm was thinking more of the oilsands sector, where the boom led to massive cost escalations that don't correct themselves as quickly as the oil price does. That's made billions of dollars' worth of potential development unprofitable.