Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
You see it in places like Europe and Asia. Even Canada. All of them are adopting and promoting a conservative economic plan.
How come liberals in the US seem to be the only one's opposed to getting our act together, financially?
What's the deal?
I think liberals are hell-bent on making the USA into the world's flop house.
Just like they want open borders and allow anyone to come here and be allowed to access the government handouts or be allowed to take what few jobs exist out there ahead of American citizens who are to remain on unemployment.
Liberals don't believe any amount of debt could be a problem and they believe that there are limitless dollars to confiscate from working Americans.
Since you mentioned open boarders, I heard something on the news about Mexicans slowing down in their migrating due to lack of job opportunities in this recession. That was an eye opener.
The "deal" as you put it is that as persons reach a state where they are able to help others, a healthy individual will do so. Most of the world is still seeking to provide themselves with the basic needs in life, so they aren't really considering the "big picture."
Also, the US (until the past couple of decades, thanks to tax cuts and military spending) has enjoyed a higher level of education than most of the world, so they can see situations from a more informed viewpoint.
Of course, not everyone here is healthy, concerned about others, or the big picture, but those of us that are can watch out for their interests, too.
I think liberals are hell-bent on making the USA into the world's flop house.
Just like they want open borders and allow anyone to come here and be allowed to access the government handouts or be allowed to take what few jobs exist out there ahead of American citizens who are to remain on unemployment.
Liberals don't believe any amount of debt could be a problem and they believe that there are limitless dollars to confiscate from working Americans.
You see it in places like Europe and Asia. Even Canada. All of them are adopting and promoting a conservative economic plan.
How come liberals in the US seem to be the only one's opposed to getting our act together, financially?
What's the deal?
If you look at the results of austerity in the UK under their conservative PM, it's nothing to emulate. David Cameron swept to power, he promptly cut spending, and, since then, the UK's economy--and tax revenues--have taken a dive.
When you cut spending, you also reduce future tax revenue, which defeats the purpose of trying to "close the deficit" in the first place.
The austerity argument--that "business confidence" will spike as soon as everyone sees that the government is finally getting its fiscal house in order--is a crock: Despite UK prime minister David Cameron's slashing and burning, no one's confident, and the government just had to revise its growth expectations downward.
The UK example is prime evidence that the conservative voodoo that the GOP is trying to sell in the U.S. that cutting spending is going to increase employment, is baseless as policy and has nothing but slogans -- and not evidence -- supporting it. Focusing on cutting spending, which increases unemployment and further reduces revenues which cause greater deficits makes no economic sense.
You see it in places like Europe and Asia. Even Canada. All of them are adopting and promoting a conservative economic plan.
How come liberals in the US seem to be the only one's opposed to getting our act together, financially?
What's the deal?
God how I love how people talk in absolutes on this board. Yeah every country is lowering taxes, no wait only some are and some aren't, or is it maybe some will.
In Thailand, the standard VAT of seven percent will increase to 10 percent as from 1 October 2010.
In Korea, the highest corporate income tax rate was scheduled to be lowered from 22 percent to 20 percent for tax years commencing on or after 1 January 2010, but has been postponed for another two years until the end of 2011. The lower tax rate applicable to tax base up to KRW 200 million has already been reduced to 10 percent.
China has endorsed a legislative plan to introduce a new federal VAT system by 2013.
India will introduce a new GST in April 2011.
Australia’s Future Tax System (Henry) Review Panel recommended that corporate tax be reduced to 25 percent over the short to medium term. The Australian Government has partially supported this recommendation by moving the corporate tax rate to 29 percent for the 2013/14 income year and 28 percent from the 2014/15 income year with possible further reductions as revenue allows.
New Zealand is poised to increase their GST rate to 15 percent as of 1st October 2010 from 12.5 percent. In addition, a reduction in the corporate tax rate to 28 percent (from the current 30 percent) has been announced, effective from the beginning of 2012.
If you look at the results of austerity in the UK under their conservative PM, it's nothing to emulate. David Cameron swept to power, he promptly cut spending, and, since then, the UK's economy--and tax revenues--have taken a dive.
When you cut spending, you also reduce future tax revenue, which defeats the purpose of trying to "close the deficit" in the first place.
Cutting spending doesn't reduce future tax revenue. How could it?
Cutting spending doesn't reduce future tax revenue. How could it?
As I said above, cutting spending increases unemployment and further reduces revenues which cause greater deficits.
In an contradicted economic environment (like what we have now,) cutting government spending (which is a GDP component) lowers consumption. With lower consumption, firms reduce employees. Those employees have lower incomes and cut spending of their own, further reducing GDP. With lower GDP comes lower tax revenues that contribute to the deficit. Thus, this policy neither helps the economy nor lowers deficits -- and that's what the UK is learning the hard way.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
