wealth redistribution

[odooley6985]

Originally Posted by scotty

See my above post.

Are you trying to tell me that your trucking company would have closed its doors if their taxes were high yet people (lots of business) wanted them to haul stuff for them? On the other side, you would go out buy another location, buy more trucks, just cause your taxes are low? What if you did that and no one wanted you to haul stuff? Thats what I am saying, supply side econ does not work. You need demand. The middle class drive the economy. Put money in their hands and the economy will be good. Taxing the rich and giving the middle class cuts is the best thing for debt reduction and growth.

[odooley6985]

And please explain how giving us middle class peons who owe their very existence to the rich tax cuts alone wont drive up demand?

[odooley6985]

Originally Posted by scotty

Yes, demand helps to create jobs. But you have to have money in the hands of the middle class to create demand. Tax cuts alone will not accomplish that.



Sure. One word. Clinton. We are where we are for two reasons. Clinton raised taxes and created a so called 'budget surplus' that was false. I can create a surplus in my budget for the future too, doesn't mean its a realistic budget. Because of this, along with several credit programs, (Fanny Mae and Mack ring a bell?) cause everyone to go coocoo. Spending exceeded income, both in government and civilian budgets, all on trumped up surplus budget.

Second, Bush squandered the tax revenue on poorly planned war policies, otherwise the revenue created would have went back into the economy. How do I know? Because it was the same policies that Reagan put in place. And the two times in my life I have made the most money was during Reagan and Bush.

Reagan lol. Look at the national debt before and after.

[scotty]

Originally Posted by odooley6985

Reagan lol. Look at the national debt before and after.

Oh yeah, you were in diapers during the Reagan years. Tell you what, once you get a few more years under your belt maybe we can discuss this.

Otherwise, for the 'Fox' your blowing at us, it sounds just as much like your stuck on msnbc.

But then again, you stated you were employeed during the Bush years, so what exactly is your problem?

[odooley6985]

Originally Posted by scotty

Oh yeah, you were in diapers during the Reagan years. Tell you what, once you get a few more years under your belt maybe we can discuss this.

Otherwise, for the 'Fox' your blowing at us, it sounds just as much like your stuck on msnbc.

But then again, you stated you were employeed during the Bush years, so what exactly is your problem?

What do you mean? Also, the dude who helped write the Reagan tax cuts said they wouldnt work today. Reagan raised capital gains and business tax rates. Interest rates, inflation, and unemployment fell faster under Reagan than they did immediately before or after his presidency. So before you praise brother Reagan, do you want higher business taxes and capital gains?

[odooley6985]

for two years investment gains were taxed at ordinary income rates under a Tax Reform Act of 1986 supported and signed into law by Ronald Reagan. No finanacial catastrophe happened as a result of this law.

[odooley6985]

in 1985, Reagan said they were going to "close the unproductive loopholes that allow some of the truly wealthy to avoid paying their fair share." GASP!!! Are you sure you know the Reagan cuts like you say you do scotty boy?

[RandyWayne]

Originally Posted by odooley6985

Your little analogy is cute but lacks facts. So my guess is you are a supply side economic guy? So you are telling me the economy grows when the rich pay less? Them paying less allows them to hire more. Is that your line of thinking? Do you have facts to support that? I bet you dont. If supply side econ worked unemployment would be low right now. It isnt. Deman side is what drives a good economy. Give people extra money and they will spend it. So if you own a business and people are lining up around the block to buy your product, you are going to close shop cause your tax rate is to high? Not to mention all of the deductions you can deduct for owning a business. Look them up. You can get a deduction for wages you pay to an employee. I would be more mad at the GOPs idea of wanting to do away with some deductions (they still havent said which ones they want to do away with). The world will not end if the Clinton era tax rates are put into place. Some presidents had 90% rate on the highest earners and the economy didnt go to the pits.

And where does this extra money come from? I know I know.... it is taken from "The rich!".

Do you have any idea how jobs are created? Any idea at all?

<sigh>

[odooley6985]

Originally Posted by RandyWayne

And where does this extra money come from? I know I know.... "The rich!".

Do you have any idea how jobs are created? Any idea at all?

<sigh>

Ya just can't fix 'stupid'.

Tell me. I would like to know. I am being serious.

[odooley6985]

I always get the same do you have any idea how jobs are created line from republicans. Then they proceed to tell me the same ole things that dont work. Its sad really. Cause I have facts to back up my line of thinking. All GOPers have is a tired strategy that has proven not to work. Yet I still get the Do you have any idea how jobs are created blah blah blah. Its freaking sad like I said. O well. The GOP has you all trained really well.