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Now is taxing the private sector until we are Greece good for middle class? The truth is middle class is all about trickle down. The democratic party is more about the elite providers and then everyone else. The problem is there is no trickle down increase unless something is produced. The truth is that once you become dependent on government it becomes a race to the bottom.
You can't "fix" only one sector...You need to fix the entire economy...and that means those that have money will get more money, just as those with little money will get MORE money. It's all relative...the more you have the more it grows....but even a modest increase for those who have little is a HUGE help...right?
Taxing the "rich" does nothing to help the poor. Sure, you give them, say, $1000....and then what? The money is soon gone, and they're right back where they were. If you have no money, you need to figure a way to work that will give you the funds you need. Waiting for a handout is not working!
We need to make it easier for EVERYONE to produce, or work hard, or create something to get themselves ahead. Government cannot and should not take this on. It doesn't work. We have decades of proof!
The republicans state tax breaks on the rich trickle down to the middle class. Kennedy and Reagan were the only two to actually make that work.
"Kennedy and Reagan were the only two to actually make that work."
I would disagree with that statement.
"Publication: Business Wire
Date: Friday, January 4 2008 More Than 8.3 Million Jobs Created Since August 2003 In Longest Continuous Run Of Job Growth On Record
WASHINGTON -- Today, the Bureau of Labor Statistics released new jobs figures - 18,000 jobs created in December. Since August 2003, more than 8.3 million jobs have been created, with more than 1.3 million jobs created throughout 2007. Our economy has now added jobs for 52 straight months - the longest period of uninterrupted job growth on record.The unemployment rate remains low at 5 percent. The U.S. economy benefits from a solid foundation, but we cannot take economic growth for granted and economic indicators have become increasingly mixed. President Bush will continue working with Congress to address the challenges our economy faces and help facilitate long-term economic growth, job growth, and better standards of living for all Americans.
* Real GDP grew at a strong 4.9 percent annual rate in the third quarter of 2007. The economy has now experienced six years of uninterrupted growth, averaging 2.8 percent a year since 2001.
* Real after-tax per capita personal income has risen by 11.7 percent - an average of more than $3,550 per person - since President Bush took office.
* Over the course of this Administration, productivity growth has averaged 2.6 percent per year. This growth is well above average productivity growth in the 1990s, 1980s, and 1970s.
By 2003, Mr. Bush grasped this lesson. In that year, he cut the dividend and capital gains rates to 15 percent each, and the economy responded. In two years, stocks rose 20 percent. In three years, $15 trillion of new wealth was created. The U.S. economy added 8 million new jobs from mid-2003 to early 2007, and the median household increased its wealth by $20,000 in real terms.
But the real jolt for tax-cutting opponents was that the 03 Bush tax cuts also generated a massive increase in federal tax receipts. From 2004 to 2007, federal tax revenues increased by $785 billion, the largest four-year increase in American history. According to the Treasury Department, individual and corporate income tax receipts were up 40 percent in the three years following the Bush tax cuts. And (bonus) the rich paid an even higher percentage of the total tax burden than they had at any time in at least the previous 40 years. This was news to theNew York Times, whose astonished editorial board could only describe the gains as a “surprise windfall.”
How Republicans Get Americans To Vote Against Their Own Self Interest[/url]
Can anyone explain this phenomenon?
And so, my fellow Americans: ask not what your country can do for you — ask what you can do for your country. - JFK
For you millennial's. JFK was a Democrat President in who was assassinated in 1963. Is The Democrats Ronald Reagan. Probably couldn't get elected as a democrat today. Was much too Conservative.
"Kennedy and Reagan were the only two to actually make that work."
I would disagree with that statement.
"Publication: Business Wire
Date: Friday, January 4 2008 More Than 8.3 Million Jobs Created Since August 2003 In Longest Continuous Run Of Job Growth On Record
WASHINGTON -- Today, the Bureau of Labor Statistics released new jobs figures - 18,000 jobs created in December. Since August 2003, more than 8.3 million jobs have been created, with more than 1.3 million jobs created throughout 2007. Our economy has now added jobs for 52 straight months - the longest period of uninterrupted job growth on record.The unemployment rate remains low at 5 percent. The U.S. economy benefits from a solid foundation, but we cannot take economic growth for granted and economic indicators have become increasingly mixed. President Bush will continue working with Congress to address the challenges our economy faces and help facilitate long-term economic growth, job growth, and better standards of living for all Americans.
* Real GDP grew at a strong 4.9 percent annual rate in the third quarter of 2007. The economy has now experienced six years of uninterrupted growth, averaging 2.8 percent a year since 2001.
* Real after-tax per capita personal income has risen by 11.7 percent - an average of more than $3,550 per person - since President Bush took office.
* Over the course of this Administration, productivity growth has averaged 2.6 percent per year. This growth is well above average productivity growth in the 1990s, 1980s, and 1970s.
By 2003, Mr. Bush grasped this lesson. In that year, he cut the dividend and capital gains rates to 15 percent each, and the economy responded. In two years, stocks rose 20 percent. In three years, $15 trillion of new wealth was created. The U.S. economy added 8 million new jobs from mid-2003 to early 2007, and the median household increased its wealth by $20,000 in real terms.
But the real jolt for tax-cutting opponents was that the 03 Bush tax cuts also generated a massive increase in federal tax receipts. From 2004 to 2007, federal tax revenues increased by $785 billion, the largest four-year increase in American history. According to the Treasury Department, individual and corporate income tax receipts were up 40 percent in the three years following the Bush tax cuts. And (bonus) the rich paid an even higher percentage of the total tax burden than they had at any time in at least the previous 40 years. This was news to theNew York Times, whose astonished editorial board could only describe the gains as a “surprise windfall.”
Cool story bro, what happened in the summer of 2008 when the stock market raised there was a housing bubble based on bad debt that destroyed several lenders and devastated many others causing a credit crunch. We lost around the same amount of jobs created in aout half s year.
Now is taxing the private sector until we are Greece good for middle class? The truth is middle class is all about trickle down. The democratic party is more about the elite providers and then everyone else. The problem is there is no trickle down increase unless something is produced. The truth is that once you become dependent on government it becomes a race to the bottom.
I don't think we should be like Greece, but trickle down economics to boost economic situations from a recession or depression, hasn't really worked either. We are booming out close to booming now despite people complaining of to high tax rates.
Now is taxing the private sector until we are Greece good for middle class? The truth is middle class is all about trickle down. The democratic party is more about the elite providers and then everyone else. The problem is there is no trickle down increase unless something is produced. The truth is that once you become dependent on government it becomes a race to the bottom.
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