Elizabeth Warren Fights Back Against the "Magical Accounting" of Trickle-Down Economics

This is not a trick question. Money paid to government employees is:

  1. Taxed by local, state and federal governments
  2. Used to buy goods and services in the community where the employee resides
  3. Paid to private contractors to repair roads and services
  4. Put in a bank on the Cayman Islands

You forgot to mention that in order for the government to get the money in first place then it came from somebody else that already earned it and would have used it for whatever they wanted (that would have created jobs and tax revenue) instead of what some corrupt and incompetent bureaucrat elected by special interest grousp thought they should have.

Man you're very dumb. Government employees pay taxes on money they earn. So do private sector employees. Some private sector employees are paid by the government, and they too are taxed on their income.

Then we have the Romney's, they put the money they earn by laying off workers, selling of a business assets and putting their profit in off shore accounts.

No matter how you spin it government employees drain more from the economy than they contribute.

It doesn't matter if they pay taxes on their income, it doesn't matter that they spend it.

ALL the money first comes from the private sector

Your tax money is used to hire private sector businesses and contractors as well as civil servants.

See: The Federal Register and look over the vast amount of RFP's available to small and large business.

Also see: Advanced Search - GovernmentBids.com
 
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We can always fire government employees and pay rock bottom wages

But you get what you pay for. If you want discount rate lawyers, doctors, accountants, engineers, scientists, police and teachers representing the people's interests, then you will get the workforce you deserve

How about paying government employees labor market rates for the job they do but reduce the size of the government to a minimal effective level instead of this bloated out of control bureaucracy we have now?

How does that sound?

How about more realistic pension and benefits for them too
 
Upward economic mobility has all but stalled for the working/middle class, it would be in conservatives best interests to address this instead of ignoring it and calling people commies.
They do, idiot. The first step is getting rid of Democrats, who have stalled this economy for 8 years.

How is it that you can post on this planet when you quite obviously don't live on it?
 
I can believe someone as stupid as you appear to be can even turn on a computer.
Now that's funny, especially since I imagine it wasn't intentional.

They had always been a deduction, why do you think Reagan signed off on the 'reform' of the tax code? I can't go through the entire tax code but unless someone can prove to me it is not as large as it is for any reason but to aid the special interests.
Face the truth, the tax system isn't fair and never will be. It is so because the nation needs the revenue and The Congress is owned by white collar criminals and populated by white collar criminals who write the laws.

When was the last time the Congress voted themselves a cut in salary or beneftis? They ask others to accept less and do more; The 113th Congress didn't earn a dime they accepted as pay.
So what if they always had been?

They shouldn't be

People used to be able to deduct the interest on the car loans too and that was done away with.

Yep, and most middle class and lower earners can't afford to pay cash for a new car or even a good used car. Those of us who can simply buy the car without needing a loan. So that elimination is regressive too.
Anyone can buy a car in cash.

All you have to do is pretend you have a car payment even when you don't.
I had one car loan my entire life and that was for my very first car. I paid the loan off in 2 years and kept the car for 6 years. For 4 years I simply pretended I had a car payment and saved the money. That little trick has allowed me to pay cash for every car since



Sure, you mean the bottom HALF of US who make enough to file income taxes that made less than $15,000 per FAMILY? That was less than 12% of the pie which IF they had kept the piece of the pie they had in 1980, would amount to almost $5,000 more?



Pay Fell 7% in Last Decade and Economists Say It Won’t Catch Up Before 2021; Even College Graduates See Salaries Slide

Americans’ incomes have dropped since 2000 and they aren’t expected to make up the lost ground before 2021, according to economists in the latest Wall Street Journal forecasting survey.

From 2000 to 2010, median income in the U.S. declined 7% after adjusting for inflation, according to Census data. That marks the worst 10-year performance in records going back to 1967.

U.S. Incomes Seen Stagnant Through 2021 - WSJ

They'll just put away a couple hundred a month right? lol
Why not I bought a car when I was making minimum wage.

Get a fucking second job stop fucking whining and fucking do something to make your life better.

It really is that simple


Libertarian mythology strikes again, lol
 
This is not a trick question. Money paid to government employees is:

  1. Taxed by local, state and federal governments
  2. Used to buy goods and services in the community where the employee resides
  3. Paid to private contractors to repair roads and services
  4. Put in a bank on the Cayman Islands

You forgot to mention that in order for the government to get the money in first place then it came from somebody else that already earned it and would have used it for whatever they wanted (that would have created jobs and tax revenue) instead of what some corrupt and incompetent bureaucrat elected by special interest grousp thought they should have.

Man you're very dumb. Government employees pay taxes on money they earn. So do private sector employees. Some private sector employees are paid by the government, and they too are taxed on their income.

Then we have the Romney's, they put the money they earn by laying off workers, selling of a business assets and putting their profit in off shore accounts.

No matter how you spin it government employees drain more from the economy than they contribute.

It doesn't matter if they pay taxes on their income, it doesn't matter that they spend it.

ALL the money first comes from the private sector

Your tax money is used to hire private sector businesses and contractors as well as civil servants.

See: The Federal Register and look over the vast amount of RFP's available to small and large business.

Also see: Advanced Search - GovernmentBids.com

Tax money is free from the sky too!
 
Meh, who cares? Fauxcahontas doesn't know shit about anything.

She got the low Information base cumming in their pants that they get another candidate with a shady past, a pathological liar and an absolute hatred of free enterprise.
 
The fact that tax receipts as a percentage of GDP fell following the Economic Recovery Tax Act of 1981 shows a decrease in tax burden as share of GDP.



  • Federal income tax revenues fell from 9.1% GDP in 1981 to a trough of 7.5% GDP in 1984, then rose to 8.0% GDP in 1989


Federal revenues were $599.3 billion in fiscal year 1981 and were $991.1 billion in fiscal year 1989. That’s an increase of just 65 percent. But of course a lot of that represented inflation. If 1981 revenues had only risen by the rate of inflation, they would have been $798 billion by 1989. Thus the real revenue increase was just 24 percent. However, the population also grew. Looking at real revenues per capita, we see that they rose from $3,470 in 1981 to $4,006 in 1989, an increase of just 15 percent. Finally, it is important to remember that Ronald Reagan raised taxes 11 times, increasing revenues by $133 billion per year as of 1988 – about a third of the nominal revenue increase during Reagan’s presidency.

The fact is that the only metric that really matters is revenues as a share of the gross domestic product. By this measure, total federal revenues fell from 19.6 percent of GDP in 1981 to 18.4 percent of GDP by 1989. This suggests that revenues were $66 billion lower in 1989 as a result of Reagan’s policies.


This is not surprising given that no one in the Reagan administration ever claimed that his 1981 tax cut would pay for itself or that it did. Reagan economists Bill Niskanen and Martin Anderson have written extensively on this oft-repeated myth. Conservative economist Lawrence Lindsey made a thorough effort to calculate the feedback effect in his 1990 book, The Growth Experiment. He concluded that the behavioral and macroeconomic effects of the 1981 tax cut, resulting from both supply-side and demand-side effects, recouped about a third of the static revenue loss.
No Gov. Pawlenty Tax Cuts Don t Pay for Themselves Stan Collender s Capital Gains and Games
Percentages can be deceiving.

Talk total dollars instead.

You do realize that a smaller percentage of a larger number can indeed be more than a higher percentage of a lower number don't you?

BZZZZ Wrong. Why do you think ECONOMISTS don't look at nominal dollars, dollars not adjusted for inflation? Add that to the growing labor force, THAT'S why they measure it via GDP, like ALL Gov't do.

NO SERIOUS ECONOMIST THINKS YOU CUT TAXES AT THE RATES WE'VE HAD FOR 34+ YEARS AND GET MORE REVENUES. None. Yes you can point to right wingers who lie for a living. But no serious economist thinks either Regan's tax cuts for the rich (50% first six years, that drove the deficit so badly he had to increase revenues 11 after that) NOR Dubya's 2 tax cuts (1 during war), came close to paying for themselves, much less brought in more revenues!!!!
 
It is always comical to see a dumbass Libtard vehemently argue that it is better for some corrupt bureaucrat, elected by special interest groups, to spend the money that you earn rather than you spend it yourself.

Then they wonder why we call them Moon Bats.



Wouldn't it be great if you got to keep 100% of your earnings. Well except for these little "donations" that will have to be made from time to time.

Like, when you roll out of your driveway or parking spot, please pay x amount of dollars for the roadways you will be using.

Like when you shop for groceries. Please pay the guy at the front of the store to check your food stuffs for salmonella or some other food borne illness. That is if you want to.

When you wake up and find that our military has been killing terrorists, please plan of sending a rather significant portion of you paycheck to the military to help pay for the protection the military provided.

When your kids head off to school, along with their lunch money don't forget to send another check to cover the cost of their being educated. Or let them stay home and be dumb.

When you go to the bank and find out that the bank done lost all your money in a ponzi scheme, you will be so glad to find out that your deposits where not insured by the FDIC. Because you forgot to send them your insurance "premium".

Want me to go on? Or do you still think you live on an island?

Not very many people have a problem funding the few necessary government functions like defense, courts, police etc. Paying for roads with a gasoline tax or tolls is acceptable because the roads don't build themselves.

However, that is not what the filthy ass American governments do. The combined Fed, state and local cost of government is over 40% of the GNP and a good portion of that is where the bureaucrats, elected by despicable special interest groups like the welfare queens and unions, takes your money and give it to the very people that elected them.

It is simply wrong to use force of government to take money from the people that earn it and give it away to the people that didn't earn it. That is thievery.

This big government is destroying our economy and our children have been put $18 trillion in debt and the middle class is being screwed because so much of their money goes to the cost of government that they can't get ahead. The cost of government is usually the largest single expenditure of every household in America, regardless of income level and that is despicable.

.


Tax bills in 2009 at lowest level since 1950


Federal, state and local income taxes consumed 9.2% of all personal income in 2009, the lowest rate since 1950

Tax bills in 2009 at lowest level since 1950 - USATODAY.com

The average filer saw her effective tax rate drop from 22 percent in 1979 to 18.1 percent in 2010

Your taxes are really low in one chart - The Washington Post


taxmageddon.png



cbpp-20120207-taxrate.JPG



How the GOP Became the Party of the Rich
The inside story of how the Republicans abandoned the poor and the middle class to pursue their relentless agenda of tax cuts for the wealthiest one percent

How the GOP Became the Party of the Rich Rolling Stone
 
Once more for you bubba

Sure

January 08, 2009 (12 days before Obama comes into office, working off Dubya's final F/.Y budget that started Oct 1 previous year like EVERY other Prez)

CBO Projects $1.2 Trillion Deficit for 2009


It turned out to be $1.4 trillion

CBO Projects 1.2 Trillion Deficit for 2009 - Memphis Daily News


At $680 billion, the fiscal 2013 deficit (OBAMA'S 4TH BUDGET) is 51% less than it was in 2009, when it hit a record high nominally of $1.4 trillion.

Treasury 680 billion deficit for 2013 - Oct. 30 2013

What are you talking about?

President Barack Obama will be the first president in this great country who will not have passed a budget in his first term of office. He submitted a budget that was defeated by a vote of 97-0. Not a single Democrat or Republican voted for it.
In his first two years in office, instead of focusing on the economy, he passed the stimulus bill (which did not work because he pushed for clean energy), and the Affordable Healthcare Act (which had to go to the U.S. Supreme Court because it was so controversial). In fact, we had to wait until it was passed before we saw what was in it.
In 2010, the Republicans won a majority in the House, and they have submitted 33 budget bills that have been shelved by the Democrat-controlled Senate. The bills were not allowed for discussion or for a vote. The president refuses to negotiate with the Republicans.

Got it, MORE talking points


The Truth Behind The GOP's '1000 Days Without A Budget' Canard

First, Budget resolutions don't have the force of law, and they aren't the legislative tool that mandates what the government can and can not spend. That's what appropriations bills are for, and for the last 1000 days Democrats and Republicans have worked together, however acrimoniously, to devise spending plans for the government.


....But the much more important fact Republicans have left out is that the Senate passed a budget on an overwhelmingly bipartisan basis last summer -- one that unlike an annual "budget resolution" has the force of law behind it. The Budget Control Act -- the law that resolved the debt limit fight -- set binding appropriations caps for this fiscal year and the next and instituted a mechanism to contain spending on domestic discretionary programs -- education, research, community health programs and the like -- through the next decade.

The Truth Behind The GOP s 1000 Days Without A Budget Canard

SO NO FUCKING BUDGET, AS I SAID!!! APPARENTLY YOU CAN'T READ EITHER!!![

Weird, HOW THE FUKK COULD THE US GOV'T FUNCTION WITHOUT A BUDGET DUMMY? lol

I know, Boner just writes checks and Mc(D)onal(d)s in the Senate yells him when to stop writing them??? lol

We havent had a budget since Obama became President and DemoMarxists took over Congress


Sure Bubba, sure

The Truth Behind The GOP's '1000 Days Without A Budget' Canard


First, Budget resolutions don't have the force of law, and they aren't the legislative tool that mandates what the government can and can not spend. That's what appropriations bills are for, and for the last 1000 days Democrats and Republicans have worked together, however acrimoniously, to devise spending plans for the government.


But the much more important fact Republicans have left out is that the Senate passed a budget on an overwhelmingly bipartisan basis last summer -- one that unlike an annual "budget resolution" has the force of law behind it. The Budget Control Act -- the law that resolved the debt limit fight -- set binding appropriations caps for this fiscal year and the next and instituted a mechanism to contain spending on domestic discretionary programs -- education, research, community health programs and the like -- through the next decade.

The Truth Behind The GOP s 1000 Days Without A Budget Canard

 
This is not a trick question. Money paid to government employees is:

  1. Taxed by local, state and federal governments
  2. Used to buy goods and services in the community where the employee resides
  3. Paid to private contractors to repair roads and services
  4. Put in a bank on the Cayman Islands

You forgot to mention that in order for the government to get the money in first place then it came from somebody else that already earned it and would have used it for whatever they wanted (that would have created jobs and tax revenue) instead of what some corrupt and incompetent bureaucrat elected by special interest grousp thought they should have.

Man you're very dumb. Government employees pay taxes on money they earn. So do private sector employees. Some private sector employees are paid by the government, and they too are taxed on their income.

Then we have the Romney's, they put the money they earn by laying off workers, selling of a business assets and putting their profit in off shore accounts.

No matter how you spin it government employees drain more from the economy than they contribute.

It doesn't matter if they pay taxes on their income, it doesn't matter that they spend it.

ALL the money first comes from the private sector

Yes, we see how well the 'private sector' does in nations without a strong, functioning Gov't. Want to try Russia? Mexico? Which nation? lol
 
Percentages can be deceiving.

Talk total dollars instead.

You do realize that a smaller percentage of a larger number can indeed be more than a higher percentage of a lower number don't you?


I bet you think you are making some sort of astute point. Don't cha? What is it? You are being a bit obtuse.

You mean that 1% of a billion is more than 50% of 1 dollar? Gee, how long did it take you to figure that out?
Fuck you Sheep.

I asked the idiot to use absolute numbers not percentages because percentages are too easy to spin.

Sure, that's why EVERY nation does it that way and low info pukes like you want to go with nominal dollars, lol
 
[


Man you're very dumb. Government employees pay taxes on money they earn. So do private sector employees. Some private sector employees are paid by the government, and they too are taxed on their income.

Then we have the Romney's, they put the money they earn by laying off workers, selling of a business assets and putting their profit in off shore accounts.

That is the business of the Romney's, not mine. Stop being so greedy. If you are going to bother yourself with class envy then look at John Kerry. That is a rich bastard. I don't see you bitching about the filthy Kennedys or that asshole George Soros, who has more overseas accounts than Carter has Liver Pills.

Every cent paid to every government employee is either taken from a person who earned it or taken from our children if borrowed money.

The money would have been used in the productive economy or used by however the person that earned wanted it to be used.

You don't create jackshit by taking money out of one pocket and putting it in another. That simple fact of economics seems to escape the mind of all Moon Bats.

"John Kerry,Kennedys, George Soros"


Those guys supporting going back to higher tax rates? How horrible of them.

They must want 'class warfare' right? They must be envious too? lol

Warren Buffett’s:

Actually, there’s been class warfare going on for the last 20 years, and my class has won. We’re the ones that have gotten our tax rates reduced dramatically. If you look at the 400 highest taxpayers in the United States in 1992, the first year for figures, they averaged about $40 million of [income] per person. In the most recent year, they were $227 million per person — five for one. During that period, their taxes went down from 29 percent to 21 percent of income. So, if there’s class warfare, the rich class has won.

There rsquo s been class warfare for the last 20 years and my class has won rsquo - The Plum Line - The Washington Post


HE MUST BE ENVIOUS TOO RIGHT? lol

average_effective_federal_tax_rates.png


Warren Buffet, all his acquisitions are tax free exchanges and all his wealth is in a tax free trust


Weird, a few years ago the right wing meme was Buffetts comps were fighting the IRS? lol


Got a copy of his tax returns, or just ANOTHER thing you've pulled from your ass? I thought so!
 
[

We can always fire government employees and pay rock bottom wages

But you get what you pay for. If you want discount rate lawyers, doctors, accountants, engineers, scientists, police and teachers representing the people's interests, then you will get the workforce you deserve

How about paying government employees labor market rates for the job they do but reduce the size of the government to a minimal effective level instead of this bloated out of control bureaucracy we have now?

How does that sound?

It 'sound' like the 'musings' of a callous conservative / Libertarian. It's your right, but good luck in ever changing the ethos of my country. Best you go somewhere which better fits your lack of human values - Texas comes to mind.
 
[

We can always fire government employees and pay rock bottom wages

But you get what you pay for. If you want discount rate lawyers, doctors, accountants, engineers, scientists, police and teachers representing the people's interests, then you will get the workforce you deserve

How about paying government employees labor market rates for the job they do but reduce the size of the government to a minimal effective level instead of this bloated out of control bureaucracy we have now?

How does that sound?

How about more realistic pension and benefits for them too

Envy much? Too bad you're too stupid and too much of a wimp to qualify for Safety Retirement.

We earn what we have, rescuing stupid people like you, and wondering every shift if some asshole with a gun is intent on doing harm to others; or 'cause he's too much a coward to put the gun in his own mouth and wants LE to do it for him.
 
[


We have fewer government employees today than we had 50 years ago. Wages offered by the government to recent graduates tend to be significantly lower than in the private sector
Government doctors, lawyers, engineers, accountants all make less than the private sector

The bloated Federal government is spending about $4 trillion a year and that is way too much.

The combined Federal, State and Local governments collects and spends over 40% of the GNP and then borrows a shitload on top of that.

If you don't understand what is wrong with that picture then you have truly earned a place in the Moon Bat Hall of Fame.
 
It 'sound' like the 'musings' of a callous conservative / Libertarian. It's your right, but good luck in ever changing the ethos of my country. Best you go somewhere which better fits your lack of human values - Texas comes to mind.

Why should I leave? It is the Liberals that suck.
 
[


We have fewer government employees today than we had 50 years ago. Wages offered by the government to recent graduates tend to be significantly lower than in the private sector
Government doctors, lawyers, engineers, accountants all make less than the private sector

The bloated Federal government is spending about $4 trillion a year and that is way too much.

The combined Federal, State and Local governments collects and spends over 40% of the GNP and then borrows a shitload on top of that.

If you don't understand what is wrong with that picture then you have truly earned a place in the Moon Bat Hall of Fame.

First define the problem. Next, seek solutions, and in doing so compare cost-benefits with cost-deficits, and imagine worst case scenarios such as the unintended consequences of each solution.

Oh, and before you do that, put your emotions, biases and opinions aside, verify what you believe you know and then consider the panoptic responsibilities and moral duty of government.

Than and only then exercise you right to vote. Unitl then do everyone a favor and STFU and never criticize policy makers - more is required of them than a dolt like you can even imagine.
 
[

We can always fire government employees and pay rock bottom wages

But you get what you pay for. If you want discount rate lawyers, doctors, accountants, engineers, scientists, police and teachers representing the people's interests, then you will get the workforce you deserve

How about paying government employees labor market rates for the job they do but reduce the size of the government to a minimal effective level instead of this bloated out of control bureaucracy we have now?

How does that sound?

We have fewer government employees today than we had 50 years ago. Wages offered by the government to recent graduates tend to be significantly lower than in the private sector
Government doctors, lawyers, engineers, accountants all make less than the private sector

That's all horseshit of course. I have plenty of friends who are consultants and they make considerably more than comparable positions in the private sector.

The only government employees there are less of is service people. The military is the only area of government that's actually been cut in the last 50 years.

Many studies have recently been published showing that government employees make considerably more than people with comparable positions in the private sector.
I am a government consultant and do much better than I did in the 33 years I worked as a Federal Employee. I also went through decades trying to hire qualified engineers at government pay grades

The numbers in the federal workforce are well published. We have lower numbers than we had 50 years ago
 

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