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Old 01-22-2011, 05:15 PM
 
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I guess Sweden is no longer the Sweden of many American's stereotypes(on both sides).


Reinfeldt open to further tax cuts - The Local
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Old 01-22-2011, 05:16 PM
 
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But according to lib/progressives, tax cuts are not the answer.
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Old 01-22-2011, 05:33 PM
 
Location: NW Las Vegas - Lone Mountain
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Sweden (and Denmark and NorwaY) are generally a little richer than the US and tax at a much higher level...almost twice as high in the case of Sweden.

The proposed tax hike was to the lowest tier of wage earner specificially. Not to the top brackets. They are in fact making the tax brackets more progressive.
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Old 01-22-2011, 06:47 PM
 
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Quote:
Originally Posted by alphamale View Post
But according to lib/progressives, tax cuts are not the answer.
Progressives believe tax cuts to the wealthiest one-percent are not the answer, not tax cuts in general.
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Old 01-22-2011, 08:27 PM
 
Location: Great State of Texas
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Quote:
Originally Posted by Eman91 View Post
Progressives believe tax cuts to the wealthiest one-percent are not the answer, not tax cuts in general.
Taxes for the rich.
Tax cuts/credits for the poor.
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Old 01-23-2011, 01:07 AM
 
Location: Pluto's Home Town
9,982 posts, read 13,759,513 times
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Quote:
Originally Posted by alphamale View Post
But according to lib/progressives, tax cuts are not the answer.
Noone said tax cuts are not the answer SOMETIMES. Tax hikes are also the answer sometimes. It is simple arithmetic. In the case of Sweden, they have had a very high tax rate for a very long time, and the decision to cut taxes might be very appropriate for attracting businesses. I should add the Swedes are fiinancially savvy but also very trendy, and they can be sucked into the latest financial ideas too, even if history proves them foolish.

The problem in the US is that we have a huge budget shortfall, and neither party seems serious about cutting spending, we have a looming crisis with retiring boomers, and two wars going overseas, so cutting taxes does not seem too smart. Tax cuts and tax hikes should both be on the table. And an ideological statement about any tax cut divorced from history is pretty meaningless.
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