Carl Spackler
Well-Known Member
Tell me again how the liberals will tax us back into prosperity?? I keep getting confused by using logic vs. emotion and class envy.
Tell me again how the liberals will tax us back into prosperity?? I keep getting confused by using logic vs. emotion and class envy.
Austerity? Trickle down? less is more (cutting taxes generate revenue)?
I understand the anecdotal arguments as justifications for these ideas... The problem is that - so far - I've seen no hard evidence to support any of those arguments. So now is your chance...
Where is the proof?
Are you old enough to remember the Reagan presidency? He reduced taxes, and the end result was that the tax system became waaaaaay MORE progressive, tax revenues to the federal government doubled, and full employment. Sure seems like it works to me!
And Reagan drove the debt and deficit up more I believe than any other president up to that time.
Are you old enough to remember the Reagan presidency? He reduced taxes, and the end result was that the tax system became waaaaaay MORE progressive, tax revenues to the federal government doubled, and full employment. Sure seems like it works to me!
I don't suppose it matters that what you're saying isn't true.
It is absolutely true. With less punityive tax rates, it became beneficial for rich people to put their money to work rather than shelter it. That creates both jobs and tax revenues.I don't suppose it matters that what you're saying isn't true.
I work for myself...my problem is when others don't take the money that they make off the backs of others and not put the money back in the USA...sheltering your money in offshore accounts seem to be the American way now..hell I called BOA the other day and the bastards had me talking to someone in India...I'm now in the process of moving my accounts to another bank(s)..outsourcing seems to be the way for your larger corporations....but how would you know you enjoy working for the rich..classicIt is absolutely true. With less punityive tax rates, it became beneficial for rich people to put their money to work rather than shelter it. That creates both jobs and tax revenues.
Tell me, honestly, is it that you hate rich people? Does the idea of some rich guy owning a company where you have to go work, offend you? Just an honest question. Personally, if my working to make some rich guy richer gives me the means to care for my family, I'm grateful. I don't blame someone for being rich. I wish I was. Maybe someday I will be? You never know...
It is absolutely true. With less punityive tax rates, it became beneficial for rich people to put their money to work rather than shelter it. That creates both jobs and tax revenues.
Tell me, honestly, is it that you hate rich people?
Does the idea of some rich guy owning a company where you have to go work, offend you?
Just an honest question. Personally, if my working to make some rich guy richer gives me the means to care for my family, I'm grateful. I don't blame someone for being rich. I wish I was. Maybe someday I will be? You never know..
LOL okay if I dig up the data showing that it is indeed true, will it matter in the least or will you just fluff it off?
Uncultivated-
1. (of land) Not used for growing crops.
2. (of a person) Not highly educated.
both of these definition of your names means you have no business on a grow site nor in the political forum...judging by the name you chose lets us know all we need...you have now been moved to the joke area...enjoy
Well I've looked it up before and know it's not true. You can't show me proof of something that isn't true.
It is absolutely true. With less punityive tax rates, it became beneficial for rich people to put their money to work rather than shelter it. That creates both jobs and tax revenues.
Tell me, honestly, is it that you hate rich people? Does the idea of some rich guy owning a company where you have to go work, offend you? Just an honest question. Personally, if my working to make some rich guy richer gives me the means to care for my family, I'm grateful. I don't blame someone for being rich. I wish I was. Maybe someday I will be? You never know...
Total debt was $4 trillion by the end of his presidency. Very cheap by todays standards, if you want to blame Reagan.
But the real blame is with congress. After the tax "cuts", the economy took off. I say "cuts", because what was cut was the tax rates. Actual tax revenues to the federal government skyrocketed. Tax revenues grew at 10-12%, year after year, for the rest of his presidency and beyond. So why did the debt go up? Because congress increased spending by MORE! If they could have kept spending increased to inflation rate, or even 2-3 times the inflation rate, we would've been in great shape, with no debt to speak of. But no, they had to increase spending by more like 15-20% annually. Why? Because a congressmen's power comes from spending money.
So again, tax "cuts" increased tax revenues. If you insist I'll go and find you the data from the IRS itself, although most people who argue politics like this have seen it before. Therefore kinda hard to blame tax cuts for deficit, isn't it?