Tax cuts for the rich a mistake

Ummmm...Maybe because it's their money?

Well, we do have a deficit that use some plugging. It sure seems like they can live more comfortably off three million dollars...

Otherwise, why bother taxing anyone at all?
Yeah, well I want someone to pay my rent for me too. It's a necessity you can do for me. It's not YOUR money after all. My need grants me a valid claim on it. Besides, it's the governments. So if I can convince my congress critter to pass a law STEALING your money to pay my rent, it's all good.

Isn't it?
 
How about lawful excises, imposts, duties and user fees (i.e. the fuel tax) to pay for gubmint services?

Did you know that America ran just fine for over 150 years, with no direct taxes on incomes?
That's the way...
uh huh uh huh...
I liiiiike it!
uh huh uh huh!

Back before the parasites figured out they can vote themselves goodies and hide behind the "but I NEEEEEEED help!" defense while everyone else lost the willpower to say "WORK FOR IT!"
 
Sure, only in your world is not raising taxes a tax cut. Taxing the shit outta 2% of the population will go along way towards reducing the debt. Nevermind the 120,000,000 paying $0 income taxes and that spending is approaching 30% of GDP.

More leftwing, classwarfare claptrap.

So the top 2% should get tax cuts and cost us 700 Billion?

Fiscal conservatism be damned? lol If you need your opinion on this, I can link you to fox.
Okay... hmmmmmm

Well, we could also always cut all overpayments to the bottom 60% of tax payers who get all their taxes back and THEN some. End the redistribution of wealth. Probably save us more than what you rake in off the rich.

Either way, someone's losing dough. Let's take it from those who don't deserve it. Sound good to you?
 
Sure, only in your world is not raising taxes a tax cut. Taxing the shit outta 2% of the population will go along way towards reducing the debt. Nevermind the 120,000,000 paying $0 income taxes and that spending is approaching 30% of GDP.

More leftwing, classwarfare claptrap.

So the top 2% should get tax cuts and cost us 700 Billion?

Fiscal conservatism be damned? lol If you need your opinion on this, I can link you to fox.
Okay... hmmmmmm

Well, we could also always cut all overpayments to the bottom 60% of tax payers who get all their taxes back and THEN some. End the redistribution of wealth. Probably save us more than what you rake in off the rich.

Either way, someone's losing dough. Let's take it from those who don't deserve it. Sound good to you?

Indeed. Let us tax those social sponges that made poor life decisions and demand the rest of US pay for their mistakes... that are a TAX on the system...in their own right.

Tax the POOR. I like the sound of it.
 
So the top 2% should get tax cuts and cost us 700 Billion?

Fiscal conservatism be damned? lol If you need your opinion on this, I can link you to fox.
Okay... hmmmmmm

Well, we could also always cut all overpayments to the bottom 60% of tax payers who get all their taxes back and THEN some. End the redistribution of wealth. Probably save us more than what you rake in off the rich.

Either way, someone's losing dough. Let's take it from those who don't deserve it. Sound good to you?

Indeed. Let us tax those social sponges that made poor life decisions and demand the rest of US pay for their mistakes... that are a TAX on the system...in their own right.

Tax the POOR. I like the sound of it.
They only pay their fair share. Of course, that means they will end up getting back all their taxes if they are taxed and under the deductions. BUT, they won't get MORE.
 
Reagan and the two Bushes created 92% of the National Debt by lowering taxes for the rich.

Click on the link for more info...

ReaganBushDebt.org

Wow... citing a website dedicated to trashing Bush and Reagan?

Ok. Got it.

Glad you brought this up.

reaganbushdebt.org provides links to the U.S. Treasury website, so you can do the calculations yourself.

Reagan's own budget director David Stockman said the tax cuts were a "trojan horse" so they could lower taxes for the rich.
 
Anyone who is familiar with economics knows the Lafer curve. Anyone who knows about the lafer curve understands that higher taxes do not always lead to higher tax revenue. In fact at a certain point raising taxes decreases tax revenue.

It doesn't make sense to tax any portion of society disproportionately. Tax cuts for everyone is a good idea. It stimulates economic growth. More money in circulation means more taxes, even at lower rates, and will increase government revenue as well as the standard of living for the public.

There is a reason that the majority of economists and business people are Republican. People who understand the economy favor the right.

I don't mean that as a slam though. There are obviously other important factors to consider when voting (social, international...ect) but I think history clearly shows that Republicans (or rather conservative economic theory) are better at economics.
 
Reagan and the two Bushes created 92% of the National Debt by lowering taxes for the rich.

Click on the link for more info...

ReaganBushDebt.org

Wow... citing a website dedicated to trashing Bush and Reagan?

Ok. Got it.

Glad you brought this up.

reaganbushdebt.org provides links to the U.S. Treasury website, so you can do the calculations yourself.

Reagan's own budget director David Stockman said the tax cuts were a "trojan horse" so they could lower taxes for the rich.
You're not too aware of supply side economics are you?

You can't get jobs and investment from poor people. Only consumption.
You can't grow an economy without investment or industry having excess capital.
If you do not grow industry or wealth, consumption begins to overtake production.
Shortages happen and prices rise making it worse on everyone with no good reason.

The Laffer curve shows there is a balance point between income and taxes. Find where that balance point is and adjust it only when necessary and then leave the rest alone. That way the taxation is not punitive on anyone, and everyone can begin growing their personal wealth and getting out from the tyranny of government to live lives they can be proud of.

Oh wait... that's just what you DON'T want. Riiiiiiiight.
 
Well, we do have a deficit that use some plugging. It sure seems like they can live more comfortably off three million dollars...

Otherwise, why bother taxing anyone at all?
Tough titties.

Try cutting and controlling spending.

So if we can't tax the rich because it's their money, where is a government supposed to get the taxes required to run it? The middle class? The lower class? But isn't that their money too?

By lowering taxes and cutting spending to match the revenue.
 
Sure, only in your world is not raising taxes a tax cut. Taxing the shit outta 2% of the population will go along way towards reducing the debt. Nevermind the 120,000,000 paying $0 income taxes and that spending is approaching 30% of GDP.

More leftwing, classwarfare claptrap.

So the top 2% should get tax cuts and cost us 700 Billion?

Fiscal conservatism be damned? lol If you need your opinion on this, I can link you to fox.

So you'd prefer that the Top 2% leave the country with their money and we get zero of it and it costs us Trillions?
 
Sure, only in your world is not raising taxes a tax cut. Taxing the shit outta 2% of the population will go along way towards reducing the debt. Nevermind the 120,000,000 paying $0 income taxes and that spending is approaching 30% of GDP.

More leftwing, classwarfare claptrap.

So the top 2% should get tax cuts and cost us 700 Billion?

Fiscal conservatism be damned? lol If you need your opinion on this, I can link you to fox.

So you'd prefer that the Top 2% leave the country with their money and we get zero of it and it costs us Trillions?

Why didn't they all leave in 2000 then?
 
Anyone who is familiar with economics knows the Lafer curve. Anyone who knows about the lafer curve understands that higher taxes do not always lead to higher tax revenue. In fact at a certain point raising taxes decreases tax revenue.

It doesn't make sense to tax any portion of society disproportionately. Tax cuts for everyone is a good idea. It stimulates economic growth. More money in circulation means more taxes, even at lower rates, and will increase government revenue as well as the standard of living for the public.

There is a reason that the majority of economists and business people are Republican. People who understand the economy favor the right.

I don't mean that as a slam though. There are obviously other important factors to consider when voting (social, international...ect) but I think history clearly shows that Republicans (or rather conservative economic theory) are better at economics.

Any particular reason you posted identical posts in at least 2 threads?
I'm not going to repost my response. Look for it in the other thread.
 
So the top 2% should get tax cuts and cost us 700 Billion?

Fiscal conservatism be damned? lol If you need your opinion on this, I can link you to fox.

So you'd prefer that the Top 2% leave the country with their money and we get zero of it and it costs us Trillions?

Why didn't they all leave in 2000 then?
What? If the market tanks, that's one thing. But if government starts confiscating their money, they leave.

Educate yourself.

Maryland's Mobile Millionaires - WSJ.com

oops. Why not do it on a NATIONAL scale! Yeah! What a great idea!

Capital, People, Labor, Resources are all mobile now. Unless you start imprisoning American Citizens and their bank accounts, you will never stop that, and then you might as well start changing the stationary to read "People's Republic of America" because that's what we'll be... another Soviet bloc style country with corrupt oligarchy at the top. An oligarchy, mind you, that you aren't a part of, so get ready to be buttfucked by the party.
 
So the top 2% should get tax cuts and cost us 700 Billion?

Fiscal conservatism be damned? lol If you need your opinion on this, I can link you to fox.

So you'd prefer that the Top 2% leave the country with their money and we get zero of it and it costs us Trillions?

Why didn't they all leave in 2000 then?
What? If the market tanks, that's one thing. But if government starts confiscating their money, they leave.

Educate yourself.

Maryland's Mobile Millionaires - WSJ.com

oops. Why not do it on a NATIONAL scale! Yeah! What a great idea!

Capital, People, Labor, Resources are all mobile now. Unless you start imprisoning American Citizens and their bank accounts, you will never stop that, and then you might as well start changing the stationary to read "People's Republic of America" because that's what we'll be... another Soviet bloc style country with corrupt oligarchy at the top. An oligarchy, mind you, that you aren't a part of, so get ready to be buttfucked by the party.
 
So you'd prefer that the Top 2% leave the country with their money and we get zero of it and it costs us Trillions?

Why didn't they all leave in 2000 then?
What? If the market tanks, that's one thing. But if government starts confiscating their money, they leave.

Educate yourself.

Maryland's Mobile Millionaires - WSJ.com

oops. Why not do it on a NATIONAL scale! Yeah! What a great idea!

Capital, People, Labor, Resources are all mobile now. Unless you start imprisoning American Citizens and their bank accounts, you will never stop that, and then you might as well start changing the stationary to read "People's Republic of America" because that's what we'll be... another Soviet bloc style country with corrupt oligarchy at the top. An oligarchy, mind you, that you aren't a part of, so get ready to be buttfucked by the party.

I mentioned 2000 because if Obama lets the Bush cuts expire, what you guys have been calling a "tax increase" will return to the levels it was in 2000.

Remember how many millionaires left the country then?

Oh yeah. Not that many.
 
Ahhhh, I wondered if that was what you are alluding to. They don't have to move out of country. Just their assets. And I'm quite sure many/most of the richest people about to get hit by this already have... just like when Carter fucked em last time.

Once again, a good accountant on staff for 50k a year to save millions if not tens of millions in dollars of taxes is a good investment.

Maryland is just an excellent case study of what happens every time this occurs.
 
Last edited:

Forum List

Back
Top