Raising Taxes Now Has the Potential to Cause an Economic Depression Warns North Carolina Economic Advisor
Tax Increase Would be an Act of Economic Sabotage and Political Betrayal
Raleigh, NC, September 24, 2010 --(PR.com)-- Raising taxes now, warns Thomas Vass, has the great potential to cause an economic depression.
Vass intends to deliver this advice in an economic policy speech to the National Funding Association in Charlotte on September 28, 2010.
“At this moment in time, the economy will not return to a prior state of equilibrium after the severe economic shock of new taxes,” said Vass, the owner of The Private Capital Market, Inc., based in Raleigh, N. C. “Part of what Keynes said is accurate about competitive free markets,” he added. “Market economies have a tendency to stagnate without continuous investment in plant and equipment and the rate of U. S. investment is declining.”
In his policy advice aimed at elected Federal representatives, Vass will outline how the rate of investment in private sector firms has declined precipitously for almost 18 months. “The U. S. economy is very weak right now,” he said, “and even if we managed to turn on the job creation spigot of investments today, it would take about 3 years for the new jobs to begin coming on line. Raising taxes now would be the death knell of competitive free markets in America.”
“After the mild recession of 1992, it took about 3 years for the increased investments in the economy to create about 15 million new jobs by 1995,” said Vass.
“The main point of my advice to elected representatives is that market economies are fragile and are not infinitely resilient to government and political intrusion. The economic damage of new taxes being inflicted by the political class in Washington is likely to be permanent and irrevocable,” he added.
Vass will be speaking at The Palm Restaurant, located at 6705-B Phillips Place Court in Charlotte. The event will start at 11:30.
About the National Funding Association: The Association is a business network of individuals consisting of investment bankers, accountants, attorneys, brokers, venture capitalists, consultants, bankers, turnaround professionals, factors, specialty finance companies, and asset based lenders. NFA members provide services including working capital, commercial finance, factoring, commercial lending, equipment lending, bridge financing, mezzanine lending, equity, and financial services of other types as well. Contact Dawn Sakai, (704) 733-9156.
About Thomas E. Vass: Vass is both a regional economist and a registered investment advisor. He holds a business method patent on a method for managing an investment portfolio, and has created a global online due diligence platform called The Private Capital Market. He is the author of numerous books and articles on the relationship between technology innovation and regional economic growth. Contact: Thomas Vass, tvass@privatecapitalmarket.com
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Vass intends to deliver this advice in an economic policy speech to the National Funding Association in Charlotte on September 28, 2010.
“At this moment in time, the economy will not return to a prior state of equilibrium after the severe economic shock of new taxes,” said Vass, the owner of The Private Capital Market, Inc., based in Raleigh, N. C. “Part of what Keynes said is accurate about competitive free markets,” he added. “Market economies have a tendency to stagnate without continuous investment in plant and equipment and the rate of U. S. investment is declining.”
In his policy advice aimed at elected Federal representatives, Vass will outline how the rate of investment in private sector firms has declined precipitously for almost 18 months. “The U. S. economy is very weak right now,” he said, “and even if we managed to turn on the job creation spigot of investments today, it would take about 3 years for the new jobs to begin coming on line. Raising taxes now would be the death knell of competitive free markets in America.”
“After the mild recession of 1992, it took about 3 years for the increased investments in the economy to create about 15 million new jobs by 1995,” said Vass.
“The main point of my advice to elected representatives is that market economies are fragile and are not infinitely resilient to government and political intrusion. The economic damage of new taxes being inflicted by the political class in Washington is likely to be permanent and irrevocable,” he added.
Vass will be speaking at The Palm Restaurant, located at 6705-B Phillips Place Court in Charlotte. The event will start at 11:30.
About the National Funding Association: The Association is a business network of individuals consisting of investment bankers, accountants, attorneys, brokers, venture capitalists, consultants, bankers, turnaround professionals, factors, specialty finance companies, and asset based lenders. NFA members provide services including working capital, commercial finance, factoring, commercial lending, equipment lending, bridge financing, mezzanine lending, equity, and financial services of other types as well. Contact Dawn Sakai, (704) 733-9156.
About Thomas E. Vass: Vass is both a regional economist and a registered investment advisor. He holds a business method patent on a method for managing an investment portfolio, and has created a global online due diligence platform called The Private Capital Market. He is the author of numerous books and articles on the relationship between technology innovation and regional economic growth. Contact: Thomas Vass, tvass@privatecapitalmarket.com
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Contact
The Private Capital Market, Inc.
Thomas Vass
919 975 4856
www.privatecapitalmarket.com
Thomas Vass
919 975 4856
www.privatecapitalmarket.com
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