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Would you prefer the U.S become a Socialist or Communist economy? Or do you believe that Capitalism is key in the American dream?
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Would you prefer the U.S become a Socialist or Communist economy? Or do you believe that Capitalism is key in the American dream?
We're more or less in the European model, with programs like Social Security, Aid to Dependent Children, Medicare/Medicaid. Basically, we should continue to tweak the system so that it helps the truly needy and develops our economy. In that sense, I favor social democratic economies, like those of France, Sweden, Norway, etc. But, one area I do think we need to be more capitalistic on is taxes. Tax rates should be driven by supply and demand. We should raise taxes on the wealthy when we need more money, and cut those taxes at the point where it begins to harm our economy. I don't like communistic flat rates, where everyone pays the same percent. I prefer more capitalistic taxes, driven and shaped by the dynamics of the economy.
Would you prefer the U.S become a Socialist or Communist economy? Or do you believe that Capitalism is key in the American dream?
The freer the market, the more opportunity there is for everyone. If you want everyone to be a number, and earn similarly, then the other two are right for you. No thanks.
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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him." Leo Tolstoy, 1897
Higher taxation on the wealthy slows growth. Higher taxation of any kind slows growth.
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To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him." Leo Tolstoy, 1897
Higher taxation on the wealthy slows growth. Higher taxation of any kind slows growth.
Prove it! (Where did you get that from, some partisan playbook, or share with us the economic reports that you read, since you claim to know so much.)
There are too many variables in economic growth to attribute that growth to tax cuts. In fact, there's evidence that high taxes spurred economic growth in the past:
"There is no historical evidence that tax cuts spur economic growth. The highest period of growth in U.S. history (1933-1973) also saw its highest tax rates on the rich: 70 to 91 percent."
Prove it! (Where did you get that from, some partisan playbook, or share with us the economic reports that you read, since you claim to know so much.)
There are too many variables in economic growth to attribute that growth to tax cuts. In fact, there's evidence that high taxes spurred economic growth in the past:
"There is no historical evidence that tax cuts spur economic growth. The highest period of growth in U.S. history (1933-1973) also saw its highest tax rates on the rich: 70 to 91 percent."
Um, look inside that period you mention and tell me when we experienced the highest level of growth? Hmmm...When you do that, consider what years that growth was experienced, and what Kennedy did during his term to accomplish those gains. He slashed taxes, especially the marginal rate for the highest earners. This was on Kudlow the other night. He slashed them from 90% to 71%. What was the result of his tax cuts? Yup! Economic growth, increased revenue for the government, and a decrease in the deficit.
BTW, what did Reagan do? The Economic Recovery Tax Act of 1981. How'd that work out for ya?
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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him." Leo Tolstoy, 1897
Um, look inside that period you mention and tell me when we experienced the highest level of growth? Hmmm...When you do that, consider what years that growth was experienced, and what Kennedy did during his term to accomplish those gains. He slashed taxes, especially the marginal rate for the highest earners. This was on Kudlow the other night. He slashed them from 90% to 71%. What was the result of his tax cuts? Yup! Economic growth, increased revenue for the government, and a decrease in the deficit.
BTW, what did Reagan do? The Economic Recovery Tax Act of 1981. How'd that work out for ya?
Yeah, but Roosevelt and Eisenhower raised taxes, and we had economic growth as well.
Yeah, but Roosevelt and Eisenhower raised taxes, and we had economic growth as well.
Yeah, but....
When did we have the highest rise in economic growth? When did we have the greatest results? It's been when rates were cut.
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To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him." Leo Tolstoy, 1897
is anyone surprised with the case study that is original post here?
because if we've learned anything about Conservative thought, it's either black or white... no in between... if it's not gung-ho soulless capitalism in every aspect, it must be evil communism without a doubt...
Should our current economic system change?
He slashed taxes, especially the marginal rate for the highest earners. This was on Kudlow the other night. He slashed them from 90% to 71%. What was the result of his tax cuts? Yup! Economic growth, increased revenue for the government, and a decrease in the deficit. 
Linear Mode
