How would raising taxes affect you and our economy?

[desert dude]

you sound like an angry, confused, fox news bleater.

i will not rest until someone tells me about the successes of trickle down economics without breaking down, curling up into the fetal position, and succumbing to their obama derangement syndrome.

Here you go Buck, this will get you started:

"
“It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now … Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.”


– John F. Kennedy, Nov. 20, 1962, president’s news conference"

http://www.wnd.com/2004/07/25640/

 

[UncleBuck]

Here you go Buck, this will get you started:

"
“It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now … Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.”


– John F. Kennedy, Nov. 20, 1962, president’s news conference"

http://www.wnd.com/2004/07/25640/

laffer curve. learn it, love it, know it.

i'm talking about trickle down as implemented by reagan and beyond.

fail.

 

[desert dude]

laffer curve. learn it, love it, know it.

i'm talking about trickle down as implemented by reagan and beyond.

fail.

"
But by 1963, JFK had reached an interesting conclusion. Let me quote directly from Wikipedia, which, tellingly, often gives short shrift to the achievements of conservatives. This is from Kennedy's speech to the Economics Club of New York: "... the paradoxical truth is that tax rates are too high and revenues are too low, and the soundest way to raise revenue in the long run is to lower rates now."


Reagan's first months in office were eerily similar to Kennedy's. There was too much worry about the Soviet Union and not enough visible action on the American economy. So Reagan ultimately passed his own version of Kennedy's tax-rate reduction -- an economic philosophy that Wikipedia describes as nothing less than "classic liberal and laissez-faire."

http://townhall.com/columnists/matttowery/2011/02/11/jfk_and_ronald_reagan_two_classic_liberals_you_could_count_on/page/full/

 

[UncleBuck]

"... the paradoxical truth is that tax rates are too high and revenues are too low, and the soundest way to raise revenue in the long run is to lower rates now."

laffer curve. learn it, love it, know it.

you can't even come up with your own original thought. copy and pastes are about your level of intellect.

 

[desert dude]

European courts decide that if you get sick while you are on your annual six week vacation, you are entitled to another vacation. This seems appropriate in this thread:

http://www.nytimes.com/2012/06/22/world/europe/europe-court-says-sick-workers-can-retake-vacations.html?_r=3

 

[Johnny Retro]

laffer curve. learn it, love it, know it.

you can't even come up with your own original thought. copy and pastes are about your level of intellect.

 

[beenthere]

laffer curve. learn it, love it, know it.

i'm talking about trickle down as implemented by reagan and beyond.

fail.

That was an example of trickle down economics knucklehead.
The biggest component in this economic theory is lowering taxes on investment so the private sector will flourish.
Another major factor is to reduce government regulations.

Even the intelligent democrats used trickle down economics, it worked during the Kennedy Administration and also during the Clinton years, all the way up to 2008. If you try to pin the housing bubble collapse on trickle down, you're a bigger idiot than I thought.

If you expand your research beyond wikipedia and MSNBC, you might learn something.

 

[UncleBuck]

That was an example of trickle down economics knucklehead.

perhaps, it was more of a revenue collection technique because we were on the wrong side of the laffer curve. and no one called it trickle down.

i'm referring very narrowly to our current economic trickle down policies.

The biggest component in this economic theory is lowering taxes on investment so the private sector will flourish.
Another major factor is to reduce government regulations.

Even the intelligent democrats used trickle down economics, it worked during the Kennedy Administration and also during the Clinton years, all the way up to 2008. If you try to pin the housing bubble collapse on trickle down, you're a bigger idiot than I thought.

If you expand your research beyond wikipedia and MSNBC, you might learn something.

when did anyone try to blame the housing collapse on trickle down?

all i want is for someone, anyone to tell me all about the successes of trickle down reaganomics.

 

[beenthere]

perhaps, it was more of a revenue collection technique because we were on the wrong side of the laffer curve. and no one called it trickle down.

i'm referring very narrowly to our current economic trickle down policies.



when did anyone try to blame the housing collapse on trickle down?

all i want is for someone, anyone to tell me all about the successes of trickle down reaganomics.

Well, Barack Obama is trying his hardest to make a go at Keynesian economics, how's that working out for ya?
Over a $trillion of money the we don't have wasted, and what do we have to show for it, other than a big fucking bill coming?

 

[cannabineer]

Well, Barack Obama is trying his hardest to make a go at Keynesian economics, how's that working out for ya?
Over a $trillion of money the we don't have wasted, and what do we have to show for it, other than a big fucking bill coming?

I would also be curious to see an instance in which Trickle Down worked. So far the only example offered is 50 years old and of arguable qualification. cn

 

[nontheist]

I would also be curious to see an instance in which Trickle Down worked. So far the only example offered is 50 years old and of arguable qualification. cn

I don't think it's possible to prove just yet, we will know how it affected things a year or two.
The important question is how are we going to use the new income we collect from the rich......So far all we have is hire unneeded public union workers that we don't want. Gotta pay back those lobbies...... So far in the last three weeks Obama has fucked up immigration even more, went out publicly trying to funnel money into unions, and covered up a serious crime against humanity. He keeps this shit up, this is going to be a landslide election.

 

[UncleBuck]

Well, Barack Obama is trying his hardest to make a go at Keynesian economics, how's that working out for ya?
Over a $trillion of money the we don't have wasted, and what do we have to show for it, other than a big fucking bill coming?

can't talk about the successes of reaganomics?

deflect!

i wonder if you'll ever tell me about the successes of the economic policy you continue to espouse. it's been 30 years, how much longer before it trickles down?

 

[UncleBuck]

I don't think it's possible to prove just yet, we will know how it affected things a year or two.
The important question is how are we going to use the new income we collect from the rich......So far all we have is hire unneeded public union workers that we don't want. Gotta pay back those lobbies...... So far in the last three weeks Obama has fucked up immigration even more, went out publicly trying to funnel money into unions, and covered up a serious crime against humanity. He keeps this shit up, this is going to be a landslide election.

 

[beenthere]

I would also be curious to see an instance in which Trickle Down worked. So far the only example offered is 50 years old and of arguable qualification. cn

Then you don't know the meaning of trickle down economics!

 

[nontheist]

You mad bro? What I said is true.......Even I am surprised of how Obama is fucking up on a roll, he's a smart guy making some very bad decisions. The thing is, I am not a Romney fan you fail to comprehend that, but I can't tell the difference between him and Obama. I am not blinded by red or blue, I make my decision on logic and right and wrong. So far this election has been Obama's to fuck up, I am just surprised as you, the outstanding job he's doing. You have no credibility you cannot tell right and wrong, just democrat or republican you seem to justify anything because Bush was an idiot.

 

[cannabineer]

Then you don't know the meaning of trickle down economics!

Can you provide a definite and serviceable description then? I'll accept a link if it includes real-world examples. cn

 

[abandonconflict]

Can you provide a definite and serviceable description then? I'll accept a link if it includes real-world examples. cn

Yes, it does work. In the United States of Amercia.

 

[desert dude]

laffer curve. learn it, love it, know it.

i'm talking about trickle down as implemented by reagan and beyond.

fail.

Well, following the Reagan years the US had one of the largest economic expansions post WWII.

 

[beenthere]

Can you provide a definite and serviceable description then? I'll accept a link if it includes real-world examples. cn

"To understand trickle-down theory, we have to iterate some economic basics. First off, all capitalistic economies undergo natural ups and downs. In times of prosperity, economic activity is high, and jobs are easy to find. In times of recession, a country's economy produces less, and people have trouble finding jobs. Government steps in to try to help smooth out these fluctuations and dull the pain of sharp economic downturns.
Adjusting the tax policy is one way to affect the economy, and the U.S. government has been using tax policy this way almost since the inception of the national income tax in 1913. Although economists agree that changing how a government taxes its citizens can have some dramatic effects on an economy, they disagree on which policy is best. Trickle-down theory represents one such idea that can supposedly spur economic growth.
*In a nu*tshell, trickle-down theory is based on the premise that within an economy, giving tax breaks to the top earners makes them more likely to earn more. Top earners invest that extra money in productive economic activities or spend more of their time at the high-paying trade they do best (whether that be creating inventions or performing heart surgeries). Either way, these activities will be productive, reinvigorate economic growth and, in the end, generate more tax revenue from these earners and the people they've helped. According to the theory, this boost in growth will ultimately help those in lower income brackets as well. Although trickle-down economics is often associated with the policies of Ronald Reagan in the 1980s, the theory dates back to the 1920s. The name also has roots in the '20s, when humorist Will Rogers coined the term, saying, "The money was all appropriated for the top in the hopes it would trickle down to the needy"

 

[desert dude]

Can you provide a definite and serviceable description then? I'll accept a link if it includes real-world examples. cn

Basically, trickle down is a method used to put more money in the hands of capitalists on the theory that they will put it to productive use. That productive use will spur the economy, increase hiring and the fruits of the increased productivity will lift everybody's net worth.

It worked post Kennedy. It worked post Reagan. Will it continue to work? I don't know, the world is a different place than it was in Kennedy's time. It seems to me the biggest head wind the US faces is the economic recovery of Europe post WWII and the rise of the Asian countries as competitors in the economic sphere. After WWII the US was more or less the only economy left standing and the US had beefed up industrial capacity for the war effort. Economically, the world was our oyster from 1945 to about 1975.