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Old 08-03-2012, 11:42 PM
 
37,832 posts, read 20,270,438 times
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Whom we tax really doesn't matter when it comes down to collecting tax revenue.

Tax revenue collected has been between 15% and 20% since 1960. This is despite the high income
tax rates of Carter and the lows of Reagan. Doesn't matter. 15%-20%.

Therefore we should not be worrying about whom we are taxing. We should be doing what we can to raise our GDP numbers. If we raise GDP 10% - we will bring in approx. 10% more in tax revenue. This doesn't seem difficult to understand.

Then we need to tackle the endless spending spree...


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Old 08-04-2012, 12:10 AM
 
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GDP is government spending. The government can not spend without taking it from someone. So the government spends 10% more which they either have to go further in debt or take it from someone who then can not spend it themselves.

How is this a positive?
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Old 08-04-2012, 12:19 AM
 
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GDP is Gross Domestic Product - The total market value of all final goods and services produced in a country in a given year, equal to total consumer, investment and government spending, plus the value of exports, minus the value of imports.

Basically it's a country's productivity report.
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Old 08-04-2012, 12:43 AM
 
79,626 posts, read 39,258,359 times
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Quote:
Originally Posted by DRob4JC View Post
GDP is Gross Domestic Product - The total market value of all final goods and services produced in a country in a given year, equal to total consumer, investment and government spending, plus the value of exports, minus the value of imports.

Basically it's a country's productivity report.
I noted a 10% increase in GDP and asked how that was a positive. Any answer to that?
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Old 08-04-2012, 12:44 AM
 
Location: Lafayette, Louisiana
14,089 posts, read 25,891,504 times
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So more taxes is your solution instead of federal and state government cutting spending.
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Old 08-04-2012, 01:35 AM
 
37,832 posts, read 20,270,438 times
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Quote:
Originally Posted by pknopp View Post
I noted a 10% increase in GDP and asked how that was a positive. Any answer to that?
I'm sorry - your 10% was with reference to my example - I misunderstood you.

I look at the 10% number from a productivity standpoint for the country and think it's a positive just from a jobs and economy perspective.

And it would bring in higher tax revenues. Look we have huge debts and deficits we are dealing with. We got two ways to deal with it - increase tax revenues and decrease spending. That's it. Both must be done.

I'm just making the point that the whole taxing the rich debate really is insignificant in the whole scheme of things and we should focus on increasing GDP.


Quote:
Originally Posted by sailordave View Post
So more taxes is your solution instead of federal and state government cutting spending.
See the underlined above. And I mentioned spending in the OP.
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Old 08-04-2012, 01:49 AM
 
79,626 posts, read 39,258,359 times
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We need to grow the private portion of GDP is what I was getting at. To simply say GDP leaves many examples that will not help.

So yes, your point is correct but it needs to be more specific.
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