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If that was the case there would be no national debt.
How do you think the national debt is funded? Hint.. they SELL BONDS, which means that for $1 million to be raised by the government this means $1 million is NOT being spent and invested by the private sector..
Quote:
Originally Posted by le roi
So stop bringing up a topic that is meaningless.
This whole thread is discussing bringing money back from overseas so it can be taxed.
Quote:
Originally Posted by treasurefinder
"A Bank of America-Merrill Lynch survey this summer asked over 300 executives at major U.S. corporations what they would do after a “tax holiday” that would allow them to bring back money held overseas at a low tax rate. The No. 1 response? Pay down debt. The second most popular response was stock buybacks,"
It isnt meaningless to the topic.. IT IS THE TOPIC BEING DISCUSSED...
The whole idea that you can remove $1 from person A and give it to the government to spend, somehow is better than just leaving the $1 in the economy to begin with is beyond stupid..
but then thats the left for ya..
It’s called a multiplier. Someone with as much claimed economic “knowledge” should understand the concept.
The whole babble of the left is if you remove money from the economy, through taxes, you somehow encourage people to spend more, but if you leave money in, they will spend less.
Yikes! I wasn't aware that tax revenue was gathered in a field somewhere and burned. We should put a stop to that. Good point.
They say "Nobody has ever advocated for trickle-down economics."
Technically that's true. It's also true that there is no such thing as Obamacare, and no one has ever advocated for Obamacare. (It is the Patient Protection Act) There's also no Death tax, and there never was. (It is the inheritance tax.)
"Trickle Down Economics" is just a slang term for supply-side econ. There is no difference in concept or execution, they are 100% identical.
I liked Horses-and-Sparrows economy better. If you feed your horses well, the sparrows get fatter too. Just don't think too hard on what the sparrows will have to eat.
The whole babble of the left is if you remove money from the economy, through taxes, you somehow encourage people to spend more, but if you leave money in, they will spend less.
That doesn't even vaguely describe the position of left-leaning economists.
It’s called a multiplier. Someone with as much claimed economic “knowledge” should understand the concept.
Money spent by the private sector also has a multiplier. If government created a larger multiplier then you should advocate taxing everyone at 100% so the economy can BOOM..
I liked Horses-and-Sparrows economy better. If you feed your horses well, the sparrows get fatter too. Just don't think too hard on what the sparrows will have to eat.
Yup. It’s also attributed with crashing the economy in 1896.
"President Trump's top economic adviser, Gary Cohn, looked out from the stage at a sea of CEOs and top executives in the audience Tuesday for the Wall Street Journal's CEO Council meeting. As Cohn sat comfortably onstage, a Journal editor asked the crowd to raise their hands if their company plans to invest more if the tax reform bill passes.
Very few hands went up.
Cohn looked surprised. “Why aren't the other hands up?” he said."
"A Bank of America-Merrill Lynch survey this summer asked over 300 executives at major U.S. corporations what they would do after a “tax holiday” that would allow them to bring back money held overseas at a low tax rate. The No. 1 response? Pay down debt. The second most popular response was stock buybacks,"
Money spent by the private sector also has a multiplier. If government created a larger multiplier then you should advocate taxing everyone at 100% so the economy can BOOM..
Yep, and as it turns out, the lower and middle class in the private sector have a higher multiplier than the ultra-wealthy.
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