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When tax rates have been reduced the economy and government revenues have risen dramatically....
Sometimes. As a blanket statement a causal relationship, in real dollars, hasn't been proven.
Quote:
Originally Posted by patsfan13
...To provide a simple example to illustrate the point. If I have an economy of 1 billion dollars and government takes 50% in taxes this would result in 500m. IF that economy remained the same size the tax revenues would remain at 500m. IF OTOH you reduced the tax rate to say 20% and grew the economy to 5 billion you would have a Billion in government revenue. ...
Of course, your "simple example" is simple math, without any bearing on (or from, I guess I should say?) the real world.
In your "simple example," if the economy "only" doubled, you'd have a decrease in tax revenue of 20%.
Quote:
Originally Posted by patsfan13
...A Tax system like ours is a way for politicians to gain power by giving tax breaks to their supporters and punishing their enemies. This is why politicians are terrified of things like the flat tax.
Yes -- for both parties.
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I'm just numb by this. I can't believe that people actually are buying into the
Republican agenda.
Let's start with logic. We are in the worst recession since the Great Depression. One of our biggest companies went bankrupt (GM). Numerous banks went belly-up. I don't know what the numbers are, but I'm willing to bet that we've had the most bankruptcies of businesses in decades, maybe since the last depression. Foreclosures, lay-offs, unemployment way up..........and congress can not pass unemployment benefits for people out of work due to Republicans wanting a tax cut for people making over $250,000. Please, do not come back and try to spin it, it is what it is.
In regards to the tax cut for the rich. The multiplier effect does not work as well for a tax reduction for the upper class as it does for the middle class. That is simple economics. Its well documented, that the Republicans do not want Obama to do anything worthy while he's in office. Doesn't matter if its for the good of the country (missile treaty), if the end result is a better approval rating then they must vote No. They have even signed a letter saying it is so. Bravo, "it's what the American people want".
I'll ask again: So you're now acknowledging that the claims that Obama et al were rejecting the will of the people, as (allegedly) evidenced by polls, were bs, given that he was "doing what the people elected him to do"?
btw, the notion that the voters "saw the results of his policies" is a pretty big stretch
Why is it a stretch?
The administration was quite specific that their stimulus plan would keep unemployment rates <8% and that if the stimulus wasn't passed the unemployment would reach (horrors) 8.4% before receding. Well 8.4% in retrospect looks really good.
__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
Sometimes. As a blanket statement a causal relationship, in real dollars, hasn't been proven.
Of course it has, when Reagan lowed tax rates revenue doubled over the 8 years he was in office.
The example was to illustrate a point ie a bigger economy produces more revenue. The stifling of the economy and lack of growth and unemployment means that SS is paying out more this year than it is collecting this is 6 years before previous projections.
__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
I'm just numb by this. I can't believe that people actually are buying into the
Republican agenda.
Let's start with logic. We are in the worst recession since the Great Depression. One of our biggest companies went bankrupt (GM). Numerous banks went belly-up. I don't know what the numbers are, but I'm willing to bet that we've had the most bankruptcies of businesses in decades, maybe since the last depression. Foreclosures, lay-offs, unemployment way up..........
How long should unemployment benefits be extended?
3 years?
5 years?
10 years?
Lifetime?
__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
The administration was quite specific that their stimulus plan would keep unemployment rates <8% and that if the stimulus wasn't passed the unemployment would reach (horrors) 8.4% before receding. Well 8.4% in retrospect looks really good.
Because the timeframe needed to see meaningful effects frommacro policies is longer than a year.
Of course it has, when Reagan lowed tax rates revenue doubled over the 8 years he was in office.
The example was to illustrate a point ie a bigger economy produces more revenue. The stifling of the economy and lack of growth and unemployment means that SS is paying out more this year than it is collecting this is 6 years before previous projections.
I don't think you understand the concepts of proof or causation. One example demonstrates neither.
As for your example, my example showed that a larger economy doesn't necessarily produce more tax revenue.
Because the timeframe needed to see meaningful effects frommacro policies is longer than a year.
Not according to the projections from the administration. BTW the messiah has been in office for almost 2 years.
If the messiah's policies hadn't been such a massive failure there would be no reason to even consider extending unemployment benefits beyond 2 years.
BTW did the dems run around during the 'summer of recovery' bragging about the economy turning around and all the jobs they created. you guys remember. I was being attacked for saying the economy was still a shambles.
__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
How long should unemployment benefits be extended?
3 years?
5 years?
10 years?
Lifetime?
I knew by including logic in my post, that some wouldn't get it..........
How about extending them for a short-term? I don't know what the requirements are, but I'm guessing they could be extended 6 months, 9 months, or yes, maybe a year.. What I find fairly appalling, is the denial of unemployment compensation due to the rich not getting their tax cut. Did you want to explain to us how that is not Marie Antoinette?
Not according to the projections from the administration. BTW the messiah has been in office for almost 2 years.
If the messiah's policies hadn't been such a massive failure there would be no reason to even consider extending unemployment benefits beyond 2 years.
BTW did the dems run around during the 'summer of recovery' bragging about the economy turning around and all the jobs they created. you guys remember. I was being attacked for saying the economy was still a shambles.
"the messiah"? I guess you are part of the religious right.
He has been in office for nearly 2 years, but you realize he didn't implement policy on day 1, right?
As for his policies and where the economy stands, you continue to demonstrate a lack of understanding of causation.
Re: More Obstructionism
Linear Mode
