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Originally posted by Grimpachi
Let me ask you this if trickle down works so well then why are we in such bad shape?
How many years have we been trying that plan.
Bush SR called it vodoo economics.
Maybe we just need more tax cuts is that what you are saying?
Maybe this time it will work. Yeah right give me a break.edit on 26-9-2012 by Grimpachi because: (no reason given)
Every time a dollar is spent in our economy, this is usually a taxable event, and tax revenue will rise. So it makes sense that when the Middle Class is doing well, more money is being spent on optional items, there is more money floating around in the economy, and tax revenues will rise.
Anyway you look at it, if our government spends money, we support the middle class. If the wealthy class is given more tax breaks and continue to pay a lower tax rate than most of the rest of us, then that money ends up overseas and is taken out of our economy which hurts everyone except the wealthy class.
Look at the 90's for solutions - This was a time when everyone prospered. When taxes were raised on the wealthy, tax revenues rose, the middle class prospered, and the budget was balanced. When we followed the "trickle down" policies of the 2000's (lower taxes for the wealthy and corporations), the middle class stagnated, and governmental services were cut.
Originally posted by beezzer
Originally posted by Grimpachi
Originally posted by beezzer
Originally posted by Grimpachi
Let me ask you this if trickle down works so well then why are we in such bad shape?
How many years have we been trying that plan.
Bush SR called it vodoo economics.
Maybe we just need more tax cuts is that what you are saying?
Maybe this time it will work. Yeah right give me a break.edit on 26-9-2012 by Grimpachi because: (no reason given)
Let's cut to the chase then. So you think people keeping their own money is a bad thing?
No its that Romney is a lying piece of # that will only hurt the economy by lowering the taxes even more and cuting every social net program to pay for his ultra wealthy buddies.
So you're in favour of raising taxes. Basically creating an environment where people have less of their own money.
Okay.
Originally posted by Grimpachi
How is it under when Clinton left office there was a booming economy and a 2 trillion dollar surpluss but we cut taxes under Bush and when he leaves office we are in a recession and we owe more money than we ever have in history. Why didn't those tax cuts create more jobs and boost the economy into the heavens. Yeah trickle down works great just look at the proof.
Originally posted by neo96
reply to post by Grimpachi
So as long as Americans get what they want screw everyone else.
Who cares about anyone else.eh.
Meh
Originally posted by neo96
reply to post by olaru12
So in the last decade have any idea how much has been spent on entitlement programs?
The largest tax payer expense hell current federal spending alone is $2.5 trillion dollars.
So please,
Originally posted by neo96
reply to post by olaru12
So in the last decade have any idea how much has been spent on entitlement programs?
The largest tax payer expense hell current federal spending alone is $2.5 trillion dollars.
So please,
Originally posted by Grimpachi
reply to post by pavil
Actually I have investments as well and do fairly good with them.
Originally posted by pavil
Originally posted by Grimpachi
reply to post by pavil
Actually I have investments as well and do fairly good with them.
So how do you feel about your tax increase going up 33% in one year? Just curious. You know, you probably aren't paying enough in taxes, you should write your Congressman and tell him to support a 50% Capital Gains rate.
only the little people pay taxes