Roses Ablaze
Avatar by Ayumeg
- Joined
- Oct 7, 2003
- Messages
- 1,436
- Reaction score
- 7
Seriously, if I have an agenda, I think I ought to know about it.
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I never said the current Republicans weren't liberalDamian Silverblade said:As opposed to the present government's agenda, which is :
BIGGER government, forced freedom and peace through war.
But since they promise tax cuts (to the 1% richest, but they don't say THAT one too loudly) and wave the bible around, people vote for them anyway.
Tax cuts for the "wealthy" is a good economic strategy, but it's much better to stifle growth so the poor lazy slobs have more food stamps
I've never understood that. Please explain.Juroujin said:Tax cuts for the "wealthy" is a good economic strategy, but it's much better to stifle growth so the poor lazy slobs have more food stamps
Juroujin said:I never said the current Republicans weren't liberal
Tax cuts for the "wealthy" is a good economic strategy, but it's much better to stifle growth so the poor lazy slobs have more food stamps
Isn't peace through diplomacy a good idea? What's wrong with diplomacy besides the fact that it means no military spending. Speaking of military spending, we still spend enormous amounts of money maintaining a nuclear arsenal we have no use for. No country, sane or not, would provoke a nuclear war.peace through diplomacy.
The Big Al said:History shows tax cuts tank the economy in the long runbecause so very few times does the government cut spending to make up for the lost funds.
Have you ever seen statistics showing how Reagan reducing the marginal rates actually increased the money brought in from taxes?
The government actually balancing its budget is the best thing for a national economy. We don't need massive taxes but the government has to pay itself. Without taxes, there would be no fire fighters, police officers, the public school system would be non-existant, the roads would be terrible. Look at my state Michigan to see what lower taxes do.
A balanced budget isn't a bad goal, but there are a lot of ways states should cut spending, but corruption and pandering stand in the way.
FYI my family took a 50% pay cut in 2001 when Bush cut taxes. Many of the middle class are in the same boat. So the stupid refund check we got in the mail wasn't worth it.
Is this all you have to rebut it? What does your family do for a living? How did cutting taxes hurt your family? How did cutting taxes hurt so many in the middle class? What do you consider the "middle class"?
Infinite Sceptile said:Speaking of military spending, we still spend enormous amounts of money maintaining a nuclear arsenal we have no use for. No country, sane or not, would provoke a nuclear war.
I did take economics and my economics teacher who was as right as you. He still believe tax cuts were bad for the economy because in the long run they wind up stiffling the economy. The only benefits are short term and that's why Regean saw economic growth.Juroujin said:I need to talk to Arcy about adding a Paypal link at the top. All money collected will go towards paying for economics textbooks for you guys![]()
Do you have any theoretical evidence of this? Can you show that the "stiffling" of the economy outweighs the elimination of the deadweight loss of taxation plus the increase in tax revenue?The Big Al said:I did take economics and my economics teacher who was as right as you. He still believe tax cuts were bad for the economy because in the long run they wind up stiffling the economy. The only benefits are short term and that's why Regean saw economic growth.
Juroujin said:Have you ever seen statistics showing how Reagan reducing the marginal rates actually increased the money brought in from taxes?
Moreover, lower taxes = more businesses = more taxes brought in.Archaic said:Got to love fringe benifits like this. For those of you wondering how this is possible, essentially, the extra money comes from people, businesses, etc who were previously hiding their full income to avoid taxation (negative gearing, cayman islands accounts, etc), but who now don't find the benifits of this behaviour being worth the effort they have to make to do it.
So yes, higher taxes should have higher returns for the government...but because humans are sneaky bastards who are always on the lookout for #1, no matter how hard we try to deny it, it won't always work that way.
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