UncleBuck
Well-Known Member
so we've lowered taxes for 30 years, so we should have tons of jobs by your reasoning, right? and production should be way up, right?
How would raising taxes affect you and our economy?
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Our economy runs in cycles, taxes are only a single contributing factor.so we've lowered taxes for 30 years, so we should have tons of jobs by your reasoning, right? and production should be way up, right?
The current economical mess we see ourselves in, was primarily caused by the housing bubble. Millions of Americans simply spent money they didn't have, many were driven by their own greed, some were swindled by predatory lenders coupled by greed. Consumer confidence is another factor, investments slow down when the return is questioned. Regulations are another factor that dictates investment and growth, as much as you will probably deny this fact, I see it every day and it's killing businesses across the country. There's nothing wrong with common sense regulation, but there are thousands of idiotic regulations that kill jobs and progress.
No matter how good the economy gets, there are going to be classes, we'll always have the rich, the poor and the in between, just like we have the lazy, the motivated and those in the middle. But almost everyone of us have the opportunity to be anything we want in this country.
lifegoesonbrah
Well-Known Member
so we've lowered taxes for 30 years, so we should have tons of jobs by your reasoning, right? and production should be way up, right?
If taxes were the only factor in economic growth and we actually have lowered taxes consistently for the last 30 years then yes.
UncleBuck
Well-Known Member
i agree there will always be classes and we basically have all the opportunity we could want, but the divide between those classes is getting too big, on par with pre-depression levels.
and you both conveniently forgot to answer my first question, choosing instead to make excuses for the failure of trickle down.
what have been the successes of trickle down? who has benefited?
abandonconflict
Well-Known Member
I don't know why you guys say me and UB work together, he owned you guys all by himself.
lifegoesonbrah
Well-Known Member
He didn't disprove anything i've said, its basic economics. He wants to lure me into some trap political argument. Ill pass.
abandonconflict
Well-Known Member
Ginjawarrior killed my thread about the tax cuts by sucking me into a cannabis debate.they don't want to answer the question about who benefited from trickle downall thye want to do is make excuses for why we're not swimming in jobs
that makes me a sad sexual harassment panda.
ginjawarrior
Well-Known Member
i jumped in that thread about the "gold standard" mellow drama brought cannabis into it and you helped it along
Sure he did, just like Obama turned the economy around.
Those questions and cartoons he's posted are very compelling. LOL
Scrotie Mcboogerballs
Well-Known Member
Stats . . . ginjawarrior taught me about these with a youtube video.Attachments
Scrotie Mcboogerballs
Well-Known Member
Idk how the cannabis attachment got in there, sorry
haight
Well-Known Member
It would reduce my discretionary income. translation- I wouldn't have as much money to piss away and otherwise stimulate the economy.
abandonconflict
Well-Known Member
No one has commented on who benefits from trickle down economics.
chrishydro
Well-Known Member
We dont need to raise taxes we need to raise intrest rates. Doing this will allow banks to once again lend, ie the housing market will come back which will lead to the employement and retail markets to return to active rates. Banks have no incentive to lend if they cant make the spread, they borrow from the fed, mark up the money, and lend to us. The higher rates lead to income for the banks. The Economy is stimulated and the tax money then comes from income and capital gains. Our economy will never recover by taxing the rich as they will just stop earning. They are rich and if they are not making money they wont do it. Just that simple, Repubs will get intrest rates up and the next thing you know all this shit will stop. Wont take more than a year, by summer 2013 employment will be below 7%, we can all sell our homes and the stores will be packed. Obama is steal from the rich and give to the poor that just does not happen unless it is a movie. Just flat out wrong, he knows it, he dont care, the only thing he is into right now is make everyone (the masses) happy so he can be re-elected. He is very one sided, he had control of the senate and congress for two years and the only thing he did was the health care thing that only will help those who dont make shit but voted for him.. If you want to sit at home and someone mail you a check vote Obama, if you want the economy to come back to the point that people like you and I can be independent than vote Romney.
No reason in the world for banks to lend and take chances is they dont have intrest income there to off set losses.
Obama tried to Nationalize the banks, trust me you dont want that to happen.
No reason in the world for banks to lend and take chances is they dont have intrest income there to off set losses.
Obama tried to Nationalize the banks, trust me you dont want that to happen.
ginjawarrior
Well-Known Member
Start a thread about the failure of trickle down economics, I'll be there.
BTW, posting cartoons doesn't count, you and Bucky better think hard.
abandonconflict
Well-Known Member
Like I said, start a thread about trickle down economics and how it failed and I'll be there.
BTW, who was right, my 4.2% or your 6.2%? LOL