Tax Policy and Economic Growth
So explain to me again how tax cuts create jobs?
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Awesome graph....
Let me grab my binoculars.
Posted Sep-27-2012 Bymedainbramaged (517.70) 
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To be fair, Clinton did have the dot com boom during his terms, which created an absolutely massive number of jobs. The bust of the dot com came about as Bush was taking office.
Posted Sep-27-2012 Byjum_runky (1528.54) 
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@jum_runky
People tend to ignore that pesky fact, especially when they don't remember how extremely differant the world was without the Internet.
Posted Sep-27-2012 ByRob8729 (837.02) 
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Lol. I know my eyes are bad, but I also know that the graph is too small.
How tax cuts create jobs? Businesses have more money and reinvest the money into their business by aquiring more labor and expanding production.
People that dispute this are foolish. I've never understood the liberal argument that if you cut taxes, the evil, rich people just pocket all the cash.
Besides the point that Clinton had the '.com' boom, and Bush had to deal with a wounded economy after 9/11. Not to mention More..
Posted Sep-27-2012 Bycswartz (1143.30) 
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Low resolution photo, so I'm not sure exactly what your graph is about. But, let me see if I can help with your question.
"So explain to me again how tax cuts create jobs?"
Multiple factors affect jobs, but if everything else remains the same, this is how it works.
Draw a circle. The entire circle is a pie chart of what you as a business person makes. Now carve out a pie shaped piece, say 30% to represent a combination of SS, Medicare, and income taxes. The remaining 70% is what you More..
Posted Sep-27-2012 ByYukon6400 (968.32) Yukon6400 View Channel Send Message
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@Yukon6400 http://www.theatlantic.com/business/archive/2012/09/tax-cuts-dont-lead-to-economic-growth-a-new-65-year-study-finds/262438/
Posted Sep-27-2012 Bygoervideos (381.20) 
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because there is only one changing variable in the economy over 65 years, lol nice study...
Posted Sep-27-2012 Bymcdrew77 (263.90) 
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@mcdrew77 I was on edit(just gave links to yukon), :From lean, lack of cash, the poverty of re investment and growing share of shareholders, it should not be amaze our lose all their rounded curves.
And i never said one "changing variable", in fact before that post i said anything lol, if u want to jump on ppl for nothing, chose another partner.
Posted Sep-27-2012 Bygoervideos (381.20) 
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From the article: "But it does suggest that there is a lot more to an economy than taxes, and that slashing taxes is not a guaranteed way to accelerate economic growth."
Exactly, but the greatest determining factor is reducing government's size and influence (regulations & taxation).
Posted Sep-27-2012 ByYukon6400 (968.32) Yukon6400 View Channel Send Message
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@Yukon6400 http://ctj.org/ctjreports/2012/04/who_pays_taxes_in_america.php
Posted Sep-27-2012 Bygoervideos (381.20) 
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Maybe you should just figure out how to post something better than an unreadable thumbnail.
Posted Sep-28-2012 Bykajidono (686.26) 
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So explain to me again how we're supposed to read that tiny image let-alone learn anything from it?
Posted Sep-27-2012 ByRowhan (139.40) 
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@Rowhan
Yeah, came out small. Don't you have zoom?
Posted Sep-27-2012 Bydcmfox (30914.26) 
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http://www.liveleak.com/view?i=460_1261163185
Posted Sep-27-2012 ByRowhan (139.40) 
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Tax cuts don't do much good when your government spends ten times more than it takes in, and uses every revenue increase as an excuse to spend more money. We're well past the time where US fiscal problems can be solved with tax cuts. Government is too fucking big, too fucking controlling, and run, in part, by people who clearly want to see our government collapse; so they can write a new constitution without all those pesky rights they hate so much of the little people of no importance to have More..
Posted Sep-27-2012 ByTheMule (1262.90) TheMule View Channel Send Message
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Explain to us how raising taxes increases it. Economic growth is NOT dependant upon the tax rate.. If you want to use the tax rate verses growth and NOTHING else to factor into it... well your fucking stupid.
Posted Sep-27-2012 Bygammyland (508.62) gammyland View Channel Send Message
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Are we supposed to be able to read that graph?
Posted Sep-27-2012 Bydirtbiker201 (1457.78) 
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Sorry I could see it fine until I posted it...
Posted Sep-27-2012 Bydcmfox (30914.26) 
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This chart is not giving enough information. What is the growth being based on? GDP? I don't understand how this chart shows a drastic decline during Bush's presidency when the DOW and NASDAQ doubled in his terms.
Anyone who thinks high taxes helps the economy has no idea about economics nor do they have a clue about owning a business.
Posted Sep-27-2012 Byhamburger (562.50) 
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@hamburger: Endlessly repeating supply-side talking points doesn't make them true.
Posted Sep-28-2012 Bysquackage (74.92) 
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@squackage Unless that is you have a pair of ruby slippers and live in Oz which they do.
Posted Sep-28-2012 ByZardoz003 (1572.42) 
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Tax cuts won't work if spending isn't cut as well. Endless printing of fiat currency and new debt creation are also major issues which need to be addressed since they amount to another tax as the dollar looses value.
Posted Sep-27-2012 ByWolfBite120 (718.50) 
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Look up Fractional Banking System and it will answer all your questions.......The Gig is Up The federal Reserve on Youtube is a great start. Grab some popcorn and take an hour to understand your question. If everyone watched it....we would have a revolution tomorrow.
Posted Sep-27-2012 Bytymatthews (79.76) 
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Advent of the Internet and the introduction of new industries in the 1990's was responsible for that growth. Al Gore inventor of the World Wide Web was responsible for the Internet......all hail Al Gore!!
Posted Sep-27-2012 ByRob8729 (837.02) 
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@Rob8729
Don't dispute that at all. However none of us can see what the future will be. It seems that a 90, 80,70% tax rate is out of the question, but our current govt revenue is as low as the 1950's at about 15% and spending is at about 23%.
Clinton rates seem to be a good fit for our economy.
People that complain about why give the govt more to spend. That's fine but I don't want as much military spending and do want more infrastructure spending.
Our country looks like shit. Outdated More..
Posted Sep-27-2012 Bydcmfox (30914.26) 
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@dcmfox
Agreed.
Posted Sep-27-2012 ByRob8729 (837.02) 
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@Rob8729
That was pretty easy. This bullshit class warfare thing over a 4% increase on the wealthy is just crazy.
I know its only about 90 billion per year, but thats a hellava lot of jobs and bridges.
Posted Sep-27-2012 Bydcmfox (30914.26) 
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@dcmfox
Yeah more bureaucratic wasteful jobs. You know the union worker who gets $45 per hour to carry the snacks and drinks to the job site where everyone gets 5 hours worth of breaks on an 8 hour shift.
That's what you will create by giving the government money to spend on infrastructure.
Posted Sep-27-2012 Byhamburger (562.50) 
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@hamburger
Like the union football refs?
Screw you and your unwillingness to do a goddamn thing. Piss off.
You can make up bullshit items to support your worthless attitude about our country all you want. You are about to get a big wake up call where you find your party in charge of nothing but shit. The right wing is TOAST.
Posted Sep-27-2012 Bydcmfox (30914.26) 
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