Poor should have less fun, work harder.

[redivider]

The times that revenue rolled into the government is when tax rates have been cut.

This is not only a Republican tool. Kennedy did it. Clinton did it by lowering capital gains tax rates. Regan did it by lowering taxes.

The reason it works is that it spurs economic activity. Unemployment goes lower, the GDP grows and the revenue more than makes up for the lower tax rates. The wealthy and corporations make more profit which they simply turn around and invest back in growth which just helps keep the cycle moving in an upwards direction.

Increased taxes and increased regulation do not increase business growth. I am not sure how anyone could imagine that could happen. In cases where taxes were increased and growth was increased it almost certainly was in spite of the raised taxes and based on other market factors like the internet bubble.

i have not read a post yet that so clearly describes the fundamental misunderstanding of macro economics the far right has grasped.

GDP is not a measure of profits, its not a measure of investments by the rich or corporations.

it is a measure of AGGREGATE DEMAND. aggregate demand only rises when a lot of people are spending a lot of money. when a lot of people have disposable income, by earning good, solid wages, that increases aggregate demand.

i'll give you rep just for laying out the fundamental flaw of conservative economic theory. thank you.

 

[UncleBuck]

What policy in place? I just stated 3 events in the last 50 years where taxes were reduced and revenue increased.

what policy?

the failed one that you want to double down on.

try to keep up, or just stick to pushing lawnmowers, kiddo.

 

[NLXSK1]

• i'll give you rep just for laying out the fundamental flaw of conservative economic theory. thank you.​
  
  
  
  

Is it your assertion that increased taxes and regulation leads to increased growth?

 

[NLXSK1]

what policy?

the failed one that you want to double down on.

try to keep up, or just stick to pushing lawnmowers, kiddo.

I am not referring to a policy.

Kennedy cut taxes and increased revenue.

Clinton cut taxes and increased revenue.

Regan cut taxes and increased revenue.

3 specific cuts made by 3 separate administrations over a very long time period.

Those are fiscal events I can demonstrate helped the economies.

 

[Grandpapy]

Well, pull up a seat and I well explain how the debt gets paid down and also how the tax cuts play a part in it.

First off, the links you supplied are true, in a sense!
Romney's tax cuts probably would in fact add up to $5trillion over the projected 18 years they claimed.
What your politifact.com doesn't factor in (on purpose) is the economic and tax revenue growth the cuts would generate. If you can't grasp that simple concept, go back to the Clinton years when he lowered taxes on businesses and investments and tax revenues shot through the roof!
This is a fact you cannot refute.

Another fact your fact checking website fails to mention is, Romney is making actual cuts to the budget. Did you know that if we doubled the tax on all of the wealthy, it wouldn't even come close to paying the interest on the debt, let alone pay it down?
Seriously, anyone with half a brain can figure out you cannot reduce the deficit without reducing spending, it's literally an impossibility.

So with all this said, show me where Obama has or is planning on reducing the debt, he's had almost 4 years!

I would assume they didn't figure it in because the cuts in place now aren't working.
And if Chevron announced they have a solar powered battery for the Auto Industry for $100.00 that would bring the price of a car to say $1000.00 then maybe, maybe I could see it working.

Another fact, if you doubled the tax on all the Wealthy, it still isn't as much as I have to pay. I'm sorry but that is unpatriotic. From where I'm sitting it cost 33% to be an "American".
Seriously, there is no more time to waste, China gets a tighter hold everyday.

 

[ChesusRice]

I am not referring to a policy.

Kennedy cut taxes and increased revenue.

Clinton cut taxes and increased revenue.

Regan cut taxes and increased revenue.

3 specific cuts made by 3 separate administrations over a very long time period.

Those are fiscal events I can demonstrate helped the economies.

Reagan Raised taxes
quadrupled the national debt
and gave amnesty to 6 million illegal immigrants

You want to hold up the grandfather of trickle down economics and the "service" economy model?

You really are the racist tool everyone makes you out to be

Oh forgot to ad

He bailed out a couple of Car Companies as well

Here you want another Fact

taxes are lower now than they were during Reagans tenure

 

[UncleBuck]

 

[UncleBuck]

 

[Grandpapy]

The reason it works is that it spurs economic activity. Unemployment goes lower, the GDP grows and the revenue more than makes up for the lower tax rates. The wealthy and corporations make more profit which they simply turn around and invest back in growth which just helps keep the cycle moving in an upwards direction.

It might work if you could keep every dollar here in our boarders, the problem is the cycle stops in China and other slave labor countries.

 

[redivider]

Is it your assertion that increased taxes and regulation leads to increased growth?

it is my assertion that you don't really comprehend the issues with which we are faced, and therefore keep offering the wrong solution.

companies/individuals by nature are adaptable, there's no regulation in the world that will keep a company/individual from producing a product as long as there is a demand for it. FACT. look at cocaine and heroin. billion dollar industries that are illegal, about as burdensome a regulation as there is.

taxes are not a burden for the wealthy and corporations in the US. in fact the bloated tax code was lobbied into place by them to be taken advantage of.

keep sippin the kool-aid i'm sure it's delightful.

 

[beenthere]

I would assume they didn't figure it in because the cuts in place now aren't working. The cuts in place now are temporary and there are no cuts on capital gains or corporate taxes. One piece of the puzzle I left out was reducing regulations to stimulate the economy, another tactic used in the Clinton era.

And what about the 50% of tax filers that have no skin in the game, don't you think they need to pay their fair share?
And if Chevron announced they have a solar powered battery for the Auto Industry for $100.00 that would bring the price of a car to say $1000.00 then maybe, maybe I could see it working.
I have no clue where you are going with this.
Another fact, if you doubled the tax on all the Wealthy, it still isn't as much as I have to pay. What, you have to be joking, right? I'm sorry but that is unpatriotic. From where I'm sitting it cost 33% to be an "American". I'd like to have your seat pal.
Seriously, there is no more time to waste, China gets a tighter hold everyday.

You're right, there is no time to waste, why don't you ask yourself why China will soon pass the US in every economic aspect!

I wish more lefties on here would engage in true debate like yourself, I'm getting tired of the adolescents on here copy and pasting cartoons because they lack intellect and moxy to articulate their argument.

 

[NLXSK1]

it is my assertion that you don't really comprehend the issues with which we are faced, and therefore keep offering the wrong solution.

companies/individuals by nature are adaptable, there's no regulation in the world that will keep a company/individual from producing a product as long as there is a demand for it. FACT. look at cocaine and heroin. billion dollar industries that are illegal, about as burdensome a regulation as there is.

taxes are not a burden for the wealthy and corporations in the US. in fact the bloated tax code was lobbied into place by them to be taken advantage of.

keep sippin the kool-aid i'm sure it's delightful.

I am not drinking any coolaid.

It was the politicians that put the tax loopholes into place. I am angry with them, not with the corporations.

Excessive regulation and taxation forces businesses to relocate to other areas. If you do it locally like in California you get business flight. Then the government has less revenue to work with, not more. We have the 2nd highest (or maybe the highest now) tax rates on corporations in the world and yet people bitch that corporations outsource the labor.

The problem we currently have is that the government is spending 40 cents more per dollar than it takes in. Now, that is a spending problem, not a revenue problem.

Do you suggest we raise taxes 40%??

 

[UncleBuck]

We have the 2nd highest (or maybe the highest now) tax rates on corporations in the world and yet people bitch that corporations outsource the labor.

you should talk about our effective tax rate. how does that rank there, kiddo?

 

[redivider]

I am not drinking any coolaid.

It was the politicians that put the tax loopholes into place. I am angry with them, not with the corporations.

Excessive regulation and taxation forces businesses to relocate to other areas. If you do it locally like in California you get business flight. Then the government has less revenue to work with, not more. We have the 2nd highest (or maybe the highest now) tax rates on corporations in the world and yet people bitch that corporations outsource the labor.

The problem we currently have is that the government is spending 40 cents more per dollar than it takes in. Now, that is a spending problem, not a revenue problem.

Do you suggest we raise taxes 40%??

again, you are looking at a model of economics that doesn't make sense. you don't have to try and force the supply curve, it'll appear once there is demand.

the reason corporations are fleeing the US is because we have let them leave our wages stagnant, while the cost of pretty much everything else has gone up. they can't raise the prices too much because nobody would be able to afford it, and the demand would be affected.

business runs on DEMAND. kill demand, kill business.

best way to raise aggregate demand is to raise disposable income available to as many people as possible. that way more and more people will spend more and more money on more and more shit...

 

[NLXSK1]

• best way to raise aggregate demand is to raise disposable income available to as many people as possible. that way more and more people will spend more and more money on more and more shit...​
  
  
  
  

Then just give everyone 1 million dollars... Problem solved eh?

 

[UncleBuck]

Then just give everyone 1 million dollars... Problem solved eh?

it's better than your idea of upwardly redistributing a quarter million to every millionaire who doesn't need it.

 

[redivider]

Then just give everyone 1 million dollars... Problem solved eh?

nope. higher wages and steady, reliable employment for 40 years would do more than a single million dollar payment.

 

[beenthere]

you should talk about our effective tax rate. how does that rank there, kiddo?

Our effective tax rate?
Mine could surly use a cut! Yours, well, you cant get much lower than ZERO. Can't complain when you're in the bottom 50% that pay little to no federal income taxes.

Please, in the future could you refrain from using the words we and our, unless you are a true participant!

 

[Harrekin]

Then just give everyone 1 million dollars... Problem solved eh?

Are you arguing that lower taxes on the lower and middle classes (currently being RODE due to having an actual income, not ccapital gains) would infact NOT spur more aggregate demand?

What kinda Reptilian are you? The trickle down kind? Trickle down is as retarded as the Free Cheddar scheme economically speaking.

Id argue that capital gains should be taxed the same as income tax...bar the legalese bullshit, they're essentially the same.

 

[UncleBuck]

Our effective tax rate?
Mine could surly use a cut! Yours, well, you cant get much lower than ZERO. Can't complain when you're in the bottom 50% that pay little to no federal income taxes.

Please, in the future could you refrain from using the words we and our, unless you are a true participant!

i've paid way more into federal taxes over the years than i've ever gotten back. last year was the very first year in which i got back more than i paid, thank you EITC!

you may want to go wipe the sand out of your vagina, you seem irritated by it.