Obama the Messiah

Johnnyorganic

Johnnyorganic

Well-Known Member
medicineman said:
It's true. Lower taxes frees up more capital to be spent or invested. Either way, the economy improves and the increased business activity is reflected in higher tax revenues. It's historical.
Come on johnny, everytime the repukes do a huge tax giveaway to the rich, the only economy that grows are the wealthy's economy. Remember trickle down. that was a real bright Idea. about like Bush's giveaway to the top 3%, billions that helped no-one but them, and put our budget in the deep dodo. Yeah the poor got 300.00, about enough fpr a couple a tanks of gas, whoopee, I almost pissed myself when my rebate check came, couldn't figure out how I'd ever spend all that.
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Welfare is a "tax giveaway" as are all progressive social justice programs. Returning to taxpayers THEIR OWN MONEY is not a giveaway.

The Reagan Economy was robust enough to vanquish the Soviet Union and eventually survive the tax increases of Bush 41 and Clinton. Clinton presided over Reagan's economy. It was the Y2K scare fueling the tech bubble which saved Clinton's recession for Bush 43.

Here is a state by state comparison. Take note of the states which overtax their citizens and what is happening there.
ALEC | RICH STATES | POOR STATES: ALEC-Laffer State Economic Competitiveness Index
 
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ViRedd

ViRedd

New Member
"Welfare is a "tax giveaway" as are all progressive social justice programs. Returning to taxpayers THEIR OWN MONEY is not a giveaway."

Excellent point, Johnny. Unfortunatly, Med's mind is slammed shut and truth doesn't matter.

Vi
 
Dankdude

Dankdude

Well-Known Member
I do not particularly agree, what about those who worked hard for many years and have fell on hard times? It's a bad thing for them to get some of that money back?
True California pays a lot on their welfare checks but the same isn't so in other states.
Most other states it's a mere pittance.
 
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shakeshake

Active Member
Bongulator said:
I hope he does raise taxes for everyone. We've got huge debts, they're our debts, who else is going to pay them but us? But his plan is to raise taxes on those making $200k/year or more. Dunno about you, but that isn't going to affect me.

When tax-cuts went in, actual tax revenues went up. We don't need more taxes we need responsible spending. Freeze spending and taxes.
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shakeshake

Active Member
I'm curious if we weren't subsidizing so many things like illegal immigrants, oil-companies, and ethanol if we would even need more tax revenue to begin paying down our debt.

The news is making a big deal about our bail-out of Fannie-Mae and Freddie-Mac but Bush just signed and even larger check for AIDs relief in Africa. Even if it feels good, I'm not sure our politicians should be writing checks indiscrimantly.
 
Dankdude

Dankdude

Well-Known Member
please explain (in detail) how revenues go up when they are collecting less money... That statement defies logic.

Explain in your own words and not with some right wing link.

I'm calling bullshit.
 
ViRedd

ViRedd

New Member
Dankdude said:
please explain (in detail) how revenues go up when they are collecting less money... That statement defies logic.

Explain in your own words and not with some right wing link.

I'm calling bullshit.
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Its simple economics, Dank.

When more money is left in the hands of producers and not handed over to tax consumers, the producers invest the money in capital improvements, businesses and new inventions. All of this creates a more productive environment, which in turn, creates more jobs and income. Therefore, taxes may be lower, but there is more tax revenue coming into government coffers.

The problem with the whole thing is ... the more money government takes in, the more it spends. So, the answer is, slash the hell out of taxes, and put a moratorium on government spending.

Vi
 
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shakeshake

Active Member
Okay you have a variety of taxes, personal income taxes, corporate taxes, payroll taxes, excises taxes. When any particular tax is high it removes momentum out of the economy, and shrinks the pool of taxable money.

When taxes are somewhat lower money changes hands more frequently, increasing spending, creating jobs, etc. Now consider if the tax bite is smaller at each individual taxation opportunity, but there were overall more opportunities for the money to be taxed. See where revenues could be higher?

For an analogy consider sea of green yields versus two big plants under equal lighting. The ammount of bud on the 2 plants will be impressive, and bud for bud larger, than the sea of green grow; however, the total yield of the SOG will be greater.

I am a small business owner with one employee (me). If taxes were lower I could sub-contract more and share the wealth (I subcontract frequently now). The state and the FEDs would get less of my money, but they would also get a chunk from the people I give work too.
 
tipsgnob

tipsgnob

New Member
Dankdude said:
please explain (in detail) how revenues go up when they are collecting less money... That statement defies logic.

Explain in your own words and not with some right wing link.

I'm calling bullshit.
Click to expand...
hey dank revenues went up because we borrowed money from china...
 
ViRedd

ViRedd

New Member
shakeshake said:
Okay you have a variety of taxes, personal income taxes, corporate taxes, payroll taxes, excises taxes. When any particular tax is high it removes momentum out of the economy, and shrinks the pool of taxable money.

When taxes are somewhat lower money changes hands more frequently, increasing spending, creating jobs, etc. Now consider if the tax bite is smaller at each individual taxation opportunity, but there were overall more opportunities for the money to be taxed. See where revenues could be higher?

For an analogy consider sea of green yields versus two big plants under equal lighting. The ammount of bud on the 2 plants will be impressive, and bud for bud larger, than the sea of green grow; however, the total yield of the SOG will be greater.

I am a small business owner with one employee (me). If taxes were lower I could sub-contract more and share the wealth (I subcontract frequently now). The state and the FEDs would get less of my money, but they would also get a chunk from the people I give work too.
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That's great! And only a pothead could come up with that one. Kudos! :)

Vi
 
ccodiane

ccodiane

New Member
But his plan is to raise taxes on those making $200k/year or more. Dunno about you, but that isn't going to affect me.

(Obama wins.....) Wait until inflation REALLY kicks in.....we'll all be millionaires, and a hot dog will cost $30.00, if it doesn't already.
 
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