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.
For a decade now, we've listened to republicans talk about "job creators" and the importance of keeping their taxes low. The theory, which turns out to be completely bunk, is that low taxes are an incentive to create jobs. The data however tells a completely different story. Likewise the same argument can be made in regards to GDP and tax rates.
The definition for insanity is doing the same thing over and over and expecting a different result. Something the republicans have been doing now for a decade, and demand we keep going down the same path. Sounds crazy to you?
Maybe the republicans can explain to us how well this theory has worked out?
Quote:
Last week we pointed out that even though conservatives seem obsessed with the top income tax rate, overall economic growth was actually stronger during periods of higher tax rates. But maybe we missed the point. Maybe what conservatives are really concerned about is job growth, not overall economic growth. Maybe they have some convoluted argument about how the tax rate for rich people is incredibly important for creating jobs.
Quote:
In fact, they are just as wrong about this as they are about the relationship between marginal tax rates and overall economic growth. In the past 60 years, job growth has actually been greater in years when the top income tax rate was much higher than it is now.
Another day, another liberal proving they dont have a clue..
1) Its EFFECTIVE taxs which matter, because NO ONE pays marginal, so posting marginal displays a lack of understanding the issues
2) In addition, its not the top tax rates which produce jobs, its middle class americans who are employers which create jobs. So again, posting just the top tax rate is meaningless.
3) Tax revenues have been relatively the same as a % of GDP regardless of the 90+% tax rates, or the current ones, and this has been true for 70+ YEARS. You want to pretend things will magicaly change "this time"?
Yes, insanity is doing the same thing over, and over, expecting different results, but liberals thinking increasing the tax rate will increase revenues is INSANITY..
I'll never understand why left wingers are more concerned with governmental revenues, than they are for americans..
I'll never understand why right wingers are more concerned about 2% more on taxable income over 250K than they are for Americans......
Yeah, because we all know those 2% arent "real" americans, and thus they should be screwed, with their assets taken, because they "stole" that wealth from people like myself, who chooses to pay them for products they provide.
I dont know about you, but I'm very thankful to not be using DOS anymore on my computers. You dont like people like Gates getting rich, then STOP BUYING HIS PRODUCTS.. Return to using DOS if you wish.. Let me know how that works out..
I'll never understand why right wingers are more concerned about 2% more on taxable income over 250K than they are for Americans......
Because attempting to pull that money out of the economy has net negative consequences.
Remember this?
Quote:
...officials learned a valuable lesson from the disastrous effects of the ill-conceived federal luxury tax of 1990, which caused more than 19,000 marine industry jobs to be lost nationwide, and drove many boat manufacturers out of business. Boat sales dropped by 40 percent and the overall tax revenue was lower than pre-luxury tax levels. It also kick-started the continuing trend to have boats built outside the U.S. The unemployment compensation benefits paid out were more than three times greater than the tax revenue generated. When the federal government realized its mistake and repealed the 1990 luxury tax in 1993, much damage was already done to America's boating industry.
Yeah, because we all know those 2% arent "real" americans, and thus they should be screwed, with their assets taken, because they "stole" that wealth from people like myself, who chooses to pay them for products they provide.
I dont know about you, but I'm very thankful to not be using DOS anymore on my computers. You dont like people like Gates getting rich, then STOP BUYING HIS PRODUCTS.. Return to using DOS if you wish.. Let me know how that works out..
Okay, so you have an anti-tax ideology. Your ideology does nothing to improve the economy, it just says that taxes are bad so they should not be raised.
Your second paragraph is presumptuous, senseless, and dense that there's no point in wasting my breath trying to correct it.
For a decade now, we've listened to republicans talk about "job creators" and the importance of keeping their taxes low. The theory, which turns out to be completely bunk, is that low taxes are an incentive to create jobs. The data however tells a completely different story. Likewise the same argument can be made in regards to GDP and tax rates.
The definition for insanity is doing the same thing over and over and expecting a different result. Something the republicans have been doing now for a decade, and demand we keep going down the same path. Sounds crazy to you?
Maybe the republicans can explain to us how well this theory has worked out?
I'll never understand why right wingers are more concerned about 2% more on taxable income over 250K than they are for Americans......
Are you insinuating people who makes over 250k are not Americans? No wonder you lost so big in the last election.
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.
