Republican Rewrite of US Taxcode

bbsam

Moderator
Staff member
Come now floridays. I gave you a link showing how trickle down (or whatever you want to call it) historically doesn't pay for itself and leads to ever increasing debt.

Now it's your turn. Show us it works. Not a quote from Kennedy or a Reagan bubble. And you can blame whomever you want but we've been in deficit spending for decades with historically low taxes.

In short, it can't work precisely because we don't live in a socialist society. The government does not "control the means of production". So the government can create an environment where companies are flush with money, make record profits and...oh. They already do that. The problem is that they don't reinvest or increase wages or any of the things we're supposed to think they will do and we don't force them to. We simply allow them to get richer and richer.
 

Sportello

Well-Known Member
Link or not, it's the truth. But her you go little buddy. tsowell.com/images/Hoover%20Proof.pdf

Now the numbers at the end of sentences denote a citation. Go to the bottom of the pdf and see the source he cited. Knock yourself out.
A footnote to unemployment numbers from 1925-1928 does not make a right wing economist's theories fact.

Economics is theory, not fact.

FACT
 

floridays

Well-Known Member
This is for bbsam, all other yappers please refrain yourselves.
Yes or no is the only response I ask for.

As businessman, owner will you:
1 Keep seeking more income after after 1 million taxable dollars if the tax rate is 30% on each additional dollar you earn?
 

floridays

Well-Known Member
Come now floridays. I gave you a link showing how trickle down (or whatever you want to call it) historically doesn't pay for itself and leads to ever increasing debt.

Now it's your turn. Show us it works. Not a quote from Kennedy or a Reagan bubble. And you can blame whomever you want but we've been in deficit spending for decades with historically low taxes.

In short, it can't work precisely because we don't live in a socialist society. The government does not "control the means of production". So the government can create an environment where companies are flush with money, make record profits and...oh. They already do that. The problem is that they don't reinvest or increase wages or any of the things we're supposed to think they will do and we don't force them to. We simply allow them to get richer and richer.
Hilarious,
When your bottom line (personally) is increased, you pass it to your employees?
 

floridays

Well-Known Member
Now for the yappers that pay for child care:

When you receive a raise do you give your childcare provider an increase simply because you received a raise?
 

floridays

Well-Known Member
A footnote to unemployment numbers from 1925-1928 does not make a right wing economist's theories fact.

Economics is theory, not fact.

FACT
Correct, economics are theory, however his cites were citation of numerical fact, and you and everyone else are too lazy to read it, and then mischaracterize it. The blind leading the blind.
 

BrownArmy

Well-Known Member
And to add, If it's not answered, I can and prove the point. Why doesn't someone have the balls to say no? I already know that no is the answer.

If the answer is no, then why would the current tax proposals help the middle-class by giving the lion's share of the cuts to corporations and the 2%ers?
 

floridays

Well-Known Member
If the answer is no, then why would the current tax proposals help the middle-class by giving the lion's share of the cuts to corporations and the 2%ers?
You're trying to change the subject. I am against the current tax proposals. This is a post about your so called "trickle down theory." Keep up buddy.
 
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