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There are several problems with the original post, but I'll just mention a few.
First, there is no Democratic policy "of seizing all private property and giving it to the ruling class". Like many things posted here by Republicans, this is just a lie.
Second, it is a myth that the rich drive the economy. People who spend money drive the economy. If people don't have money to spend they don't buy things. If people don't buy things, manufacturers don't make things. If manufacturers don't make things, they don't have to hire workers. If they don't hire workers, those workers don't have money to buy things. Keynes had it right, the Republicans have it wrong.
Now, what's wrong with tax cuts for the rich? Well, one major thing that's wrong is that they make society much less fair. The principle effect of tax cuts for the rich has been to shift the burden of supporting our society onto everyone else.
What else? You have undoubtedly heard of "starve the beast". It is the Republican ideology, in a phrase coined by the odious Grover Norquist, I believe, that says that if the budget is manipulated by cutting taxes it deprives the government of the money it needs to do important things that extremist Republicans don't like, like providing housing, health care, and educational assistance for poor people. It also reduces funds available to do things like hire public school teachers, police officers, firefighters, and other important public works employees. This obviously hurts people who rely on those programs.
Third, the spending reductions and constriction that Republicans have been pushing have hurt the economy by suppressing the total number of jobs, and thereby also suppressing demand. President Obama was right: if we had growing private employment without the cuts in public employment that the Republicans have pushed through our entire economy would be much better off.
And once the economy is working better people are able to pay more taxes, which means we can start paying down the budget deficit and reducing the national debt. You know, the way we were before Bush was appointed president.
There are no Uncle Scruges who put all of their money in a giant vault and go swimming in it from time to time. Rich people get that way ecause they spend every penny they get wisely so that it will either make them more money or increase the value of what they already have.
And as far as not using that money for a business that's just false. There are lots of business owners who would be considered rich who reinvest that money in a business or in other businesses and some even reinvest in Securities and things of that sort.
Rich people spend every penny wisely? Two things that prove that false:
Rich people aren't any wiser than the rest of us. They just have more money -- and the reason why the rich have increased their wealth over the last 30 years -- far greater than any other period, is not because the rich have suddenly gotten smarter than they ever were. Why the rich have increased their wealth over the last 30 years is because of favorable government policies -- especially tax policy.
Rich people spend every penny wisely? Two things that prove that false:
Rich people aren't any wiser than the rest of us. They just have more money -- and the reason why the rich have increased their wealth over the last 30 years -- far greater than any other period, is not because the rich have suddenly gotten smarter than they ever were. Why the rich have increased their wealth over the last 30 years is because of favorable government policies -- especially tax policy.
What MTA said -- including about what Jack said ...
Rich people spend every penny wisely? Two things that prove that false:
Rich people aren't any wiser than the rest of us. They just have more money -- and the reason why the rich have increased their wealth over the last 30 years -- far greater than any other period, is not because the rich have suddenly gotten smarter than they ever were. Why the rich have increased their wealth over the last 30 years is because of favorable government policies -- especially tax policy.
Quote:
Originally Posted by nullgeo
What MTA said -- including about what Jack said ...
What MTA said is pure garage and the examples he used are even more retarded. Apparently you don't know anyone that's rich because if you did you'd understand exactly what I'm talking about. Using Madoff, a democrat, as an example of rich people is very simple minded. If you think tax policy is why rich people are rich you've got a lot to learn about life and people.
There really is just one to settle it and that is with a flat tax of 10% for all.
Whatever you earn is taxed at 10%.
Raising taxes from on one group and having another pay zero is devisive.
Besides, a flat tax with NO writeoffs would increase revenues and keep the money in America.
Surely you realize how much more a 10% tax rate would impact someone making $20K a year v. someone making $100K, with regards to standard of living. Right?
Flat tax, without a "floor" is simply not fair. If you implement a "floor", then it's not really a flat tax - it's now a very simplified progressive tax system.
Surely you realize how much more a 10% tax rate would impact someone making $20K a year v. someone making $100K, with regards to standard of living. Right?
Flat tax, without a "floor" is simply not fair. If you implement a "floor", then it's not really a flat tax - it's now a very simplified progressive tax system.
Tax cuts put more cash into the economy that gets spent. That spent money is taxed as taxable income by the companies that sell stuff that people buy with the extra money they get from the tax cuts.
Tax revenue goes up funding all those special little programs liberals live for to throw money at to watch it disappear into a black hole as social experimentation. Then when that money disappears, liberals demand tax hikes to fund more social experimentation.
Tax cuts put more cash into the economy that gets spent.
Evidence please. But then, you may have a point... we got dot com trouble and housing bubble for good reasons.
Quote:
Originally Posted by workingclasshero
a 10% IMPACT is a 10% impact
everyone needs to be in the game...equally
Great point, until you consider the consequences. But then, you're reminding me of arguments Edward Conard made in an interview with Jon Stewart last week except that you'd be the kind Edward's take on ebb and flow of economy counts on.
What MTA said is pure garage and the examples he used are even more retarded. Apparently you don't know anyone that's rich because if you did you'd understand exactly what I'm talking about. Using Madoff, a democrat, as an example of rich people is very simple minded. If you think tax policy is why rich people are rich you've got a lot to learn about life and people.
Garage? How many cars?
The point about Madoff obviously went over your head. You said, 'Rich people spend every penny they get wisely.' No they don't and they're not infallible and make plenty of investment mistakes. If you don't think so, I'll gladly sell you Facebook stock at the IPO price of $38.
Yes, tax policy is why there has been an explosion in wealth at the top over the last 30 years. If you disagree, what do you think accounts for that change?
Tax cuts put more cash into the economy that gets spent. That spent money is taxed as taxable income by the companies that sell stuff that people buy with the extra money they get from the tax cuts.
Tax revenue goes up funding all those special little programs liberals live for to throw money at to watch it disappear into a black hole as social experimentation. Then when that money disappears, liberals demand tax hikes to fund more social experimentation.
Quite a number of people keep writing this "black hole" thang ... you do realize that the money spent then circulates in the larger economy, right? Groceries, for example -- goes to retailers, wholesalers, truckers and shippers, processors, packagers, farmers, farm machinery manufacturers, fertilizer chemical companies, even advertising agencies and media where ads are placed, etc., and all their employees -- which might even include some of you reading this!
Or do you really think that the evil liberal voters line up at night and take the money as payoffs, squirrel it away in their nefarious pockets, and take it overseas maybe, where it is never seen again ...
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might even include some of you reading this! 
