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You've been saying that lower rates lead to more revenue, which in this case your position has been proven wrong.
Lower tax rates? Actually this goes to show how dumb most Democrats are, I said lower tax rates WHICH BOOST THE ECONOMY increase revenues.. In fact I've repeatedly called for raising the rates on those who arent paying enough, i.e. those who pay ZERO..
YOU FAILED, but good job at lying about other peoples positions...
Not as a percent of GDP, which is all that matters.
Haha, you dont even comprehend the ridiculousness of your own bs..
Since you run around telling everyone that government spending is added to the GDP, and thus its good news to have government borrow to spend, to then increase the GDP, then why not have the government borrow $50 TRILLION dollars, and slam the economy?
ooh and of course your percentage to GDP crap, ignore the governmenta liabilties which actually are debts, but not counted because they arent "legal" obligations.. Yeah, the citizens can vote to abolish social security at any time.. Yeah, what a fool...
Not bad. And you didn't even use a graph. Overall one of your better posts in terms of showing an understanding of how it works.
But thats not how it works.
A bank will qualify the home owner based upon what they earn, but they dont determine the payment by income, they determine it based upon the loan amount..
Actually, the correct analogy is the mortgage one.
When new homebuyers buy their home, it is a struggle to make the monthly payment. After a few years, income rises which lessens the burden. It's exactly what happened to World War II debt, which was huge at the time. We never really paid off that debt, but growth in GDP rose making the debt irrelevant.
The WWII debt shrunk because private debt increased. The best, and now and only way since going off metal, is to shrink public debt by the increase of private debt. If you have 100% GDP to public debt ratio, then lots of mortgage debt driving up all prices by double will bring us to a 50% debt to GDP ratio. Isn't that swell?
Lower tax rates? Actually this goes to show how dumb most Democrats are, I said lower tax rates WHICH BOOST THE ECONOMY increase revenues.. In fact I've repeatedly called for raising the rates on those who arent paying enough, i.e. those who pay ZERO..
YOU FAILED, but good job at lying about other peoples positions...
Why can't you just correct the poster without calling democrats dumb? Maybe because all republicans are knee jerk jerks?
Lower tax rates? Actually this goes to show how dumb most Democrats are, I said lower tax rates WHICH BOOST THE ECONOMY increase revenues.. In fact I've repeatedly called for raising the rates on those who arent paying enough, i.e. those who pay ZERO..
YOU FAILED, but good job at lying about other peoples positions...
I'm glad we both agree that raising rates increases revenue.
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