Indeependent
Diamond Member
- Nov 19, 2013
- 73,633
- 28,506
Washington Post...nuff said.
Creating more debt and giving more to the uber rich
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Washington Post...nuff said.
Creating more debt and giving more to the uber rich
Uh... since when is need the central driver in a market??Need creates jobs, not tax cuts. Simply "expanding" your business does not create a need and if there is a need it's going to be met by someone, tax cuts or not.
And not to forget Obama engaged in this practice more than any other President in U.S. history. It isn't even close.You understand. Housing was one way we tried to re-inflate the bubble. The answer is to let it pop and leave it.
Those who pulled the scam, particularly Deutsche Bank and Goldman Sachs are fully committed to stealing trillions more. Yet you still have zero grasp of how any of it works.
Study is from the London school of economics.
Here's a link to someone besides wapo.
![]()
Huge new study shows trickle-down economics makes inequality worse, researchers say
The concept of cutting taxes to generate more revenue was a key foundation of Reaganomics.thehill.com
Creating more debt and giving more to the uber rich
But you still failed to explain this "trickle down economics" you speak of.
The Laffer Curve is a farce, because it completely ignores/avoids what wealthy people do with their money.
It's breathtakingly inefficient and flawed.
Appropriately, Arthur Laffer first presented his theory in a bar on the back of a napkin.
And my post stands. Your cut-and-paste is irrelevant.The Laffer Curve is a farce, because it completely ignores/avoids what wealthy people do with their money.
It's breathtakingly inefficient and flawed.
Appropriately, Arthur Laffer first presented his theory in a bar on the back of a napkin.
Well, FINALLY a leftist who appears to have some fundamental grasp of the subject at hand.
Wasn't Southwest Airlines proposed on a bar napkin?
![]()
How Southwest Airlines got its start in a San Antonio bar
Story about the Texas triangle route plan being drawn on a bar napkin debunked but...www.expressnews.com
So enough of the defamation, lets look at facts;
So, what IS the Laffer Curve? Does it say that as taxes drop the economy improves? I mean, that wouldn't be a curve then, would it? And does the Laffer Curve deal with the macro-economy?
Well no, Mac here is a leftist and is being disengenuous.
The Laffer Curve actually deals with TAX REVENUE;
View attachment 434708
Essentially the curve postulates that there is a prime level of taxation where the revenue is at a peak and that tax policy should be adjusted to match that level. The left, like Mac, hold that more taxes are better. But reality is that above a certain level revenue to the government declines as taxes rise.
Why? Because Mac and other Bolsheviks ignores/avoids what wealthy people do with their money. Confiscatory taxation as advocated by the left causes people - and more importantly businesses to seek shelter for their capital, often offshore.
The iPhone was not created because of tax cuts.
And my post stands. Your cut-and-paste is irrelevant.The Laffer Curve is a farce, because it completely ignores/avoids what wealthy people do with their money.
It's breathtakingly inefficient and flawed.
Appropriately, Arthur Laffer first presented his theory in a bar on the back of a napkin.
Well, FINALLY a leftist who appears to have some fundamental grasp of the subject at hand.
Wasn't Southwest Airlines proposed on a bar napkin?
![]()
How Southwest Airlines got its start in a San Antonio bar
Story about the Texas triangle route plan being drawn on a bar napkin debunked but...www.expressnews.com
So enough of the defamation, lets look at facts;
So, what IS the Laffer Curve? Does it say that as taxes drop the economy improves? I mean, that wouldn't be a curve then, would it? And does the Laffer Curve deal with the macro-economy?
Well no, Mac here is a leftist and is being disengenuous.
The Laffer Curve actually deals with TAX REVENUE;
View attachment 434708
Essentially the curve postulates that there is a prime level of taxation where the revenue is at a peak and that tax policy should be adjusted to match that level. The left, like Mac, hold that more taxes are better. But reality is that above a certain level revenue to the government declines as taxes rise.
Why? Because Mac and other Bolsheviks ignores/avoids what wealthy people do with their money. Confiscatory taxation as advocated by the left causes people - and more importantly businesses to seek shelter for their capital, often offshore.
I believed G.S. should have been dismantled. G.S. is a huge proponent of tax cuts.
People have only been using that phrase to describe republican gifts to the wealthy for 30 years.
How did you miss it?
I like my tax cut. Anyone who doesn't can give their back. You can bet your ass the Govt. will take it, no questions asked.
A study by WAPO and some commie professors?
Creating more debt and giving more to the uber rich
The free market causes deficits? How is that possible?Trickle down greatly increases deficits every time. A distraction from the huge spending increases repubs pass. Trumps attempt even gdp growth went down . Giant failure.
I like my tax cut. Anyone who doesn't can give their back. You can bet your ass the Govt. will take it, no questions asked.
This thread is just the drones being programmed to demand their own taxes be raised so that Xi's man can claim popular support.
You mean commies have been publishing propaganda that says it. That's what the word "study" means.Studies have been finding that since good old Ronny Raygun.
Creating more debt and giving more to the uber rich
Don't expect the republicans to pay any attention.
When someone has $200 million in an account they aren't going to go out and say "Hey, I got a tax cut, I can now afford to start my business".
What starts a business is a need. People who have nothing have meet that need.
Yes, everyone is Scrooge McDuck with swimming pools filled with gold coins, I get it.
But the childish fantasy of the left has utterly no connection to reality.
In the real world taxes are very important. Most Communists have never had a finance class in their life, much less a class on basic economics. They can't read a balance sheet or income statement. They couldn't produce a capital investment repayment plan if their life depended on it. But in real life, that's how things work. If I want to expand a business, I have to show that the expansion plan will repay the capital employed, a concept we call ROCE, "return on capital employed". I must demonstrate to the bank or board of directors that the investment will pay back in a certain number of years or the project will not be funded. Another concept that Communists don't grasp is EBIT, which is "earnings before interest and taxes." What follows are two critical elements on an income statement - interest on debts, and taxes. The impact of these two is enormous and heavily impacts any business decision.
Yes, I'm getting into grown up talk, which is not what leftists understand. But in the world of finance and business, this is how things work. If the interest on debt for expansion erodes the payback, if the taxes on EBIT consume the return, then expansion will not happen. The jobs created by that expansion will not happen.
Need creates jobs, not tax cuts. Simply "expanding" your business does not create a need and if there is a need it's going to be met by someone, tax cuts or not.
"The last thing they need is a tax cut?" How did you determine that? What they definitely do not need is a tax increase.When someone has $200 million in an account they aren't going to go out and say "Hey, I got a tax cut, I can now afford to start my business".
What starts a business is a need. People who have nothing have meet that need.
Yes, everyone is Scrooge McDuck with swimming pools filled with gold coins, I get it.
But the childish fantasy of the left has utterly no connection to reality.
In the real world taxes are very important. Most Communists have never had a finance class in their life, much less a class on basic economics. They can't read a balance sheet or income statement. They couldn't produce a capital investment repayment plan if their life depended on it. But in real life, that's how things work. If I want to expand a business, I have to show that the expansion plan will repay the capital employed, a concept we call ROCE, "return on capital employed". I must demonstrate to the bank or board of directors that the investment will pay back in a certain number of years or the project will not be funded. Another concept that Communists don't grasp is EBIT, which is "earnings before interest and taxes." What follows are two critical elements on an income statement - interest on debts, and taxes. The impact of these two is enormous and heavily impacts any business decision.
Yes, I'm getting into grown up talk, which is not what leftists understand. But in the world of finance and business, this is how things work. If the interest on debt for expansion erodes the payback, if the taxes on EBIT consume the return, then expansion will not happen. The jobs created by that expansion will not happen.
Need creates jobs, not tax cuts. Simply "expanding" your business does not create a need and if there is a need it's going to be met by someone, tax cuts or not.
As I've been saying since the reagan years:
No company is going to hire someone to just stand around all day doing nothing. If they don't have the work, they don't need more employees.
The only reason a business will hire more workers is if there is more work to do than the existing staff of workers can handle in a regular 8 hour work day.
If that is happening, they are having more sales. If that is happening the company is making more money and the last thing they need is a tax cut.
It's simple capitalism supply and demand.
A company can offer all the supply they want. If there is no demand their supply is worthless.
If there is a demand, their supply is worth capital and the last thing a company needs is a tax cut.
It is not the government's job to give anyone a raise or pay anyone working outside the government. That is the responsibility of the employer. The government is responsible for making sure that employer is paying a living wage, proper benefits with safe and proper working conditions for the employee. Employers aren't going to do that out of the goodness of their hearts. They only care about money. The only way to make sure the employer is properly paying employees with proper working conditions is through proper wage laws and working condition regulations.
If people aren't making enough money to live on, no tax cut will ever help them. A raise in pay will. The federal minimum wage has not been increased since the bush boy years. Get the government to do their job of increasing the minimum wage. Cutting taxes for a few years isn't going to do much beyond create more debt and make a small amount of filthy rich people even more filthy rich.
The conservative economic theory is a lie which only results in the destruction of an economy.
How many times does the nation have to go through it before we learn?
A study by WAPO and some commie professors?
It's nothing but propaganda, of course.