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Started By
Message
Hey Guys, Cutting Taxes Doesn't Create Growth
Posted on 2/17/17 at 10:15 am
Posted on 2/17/17 at 10:15 am
LINK
Does anyone have another financial sight that I can get good financial news from and follow stocks from? It's clear to me that Yahoo! Finance has gone off the fricking rails.
Does anyone have another financial sight that I can get good financial news from and follow stocks from? It's clear to me that Yahoo! Finance has gone off the fricking rails.
15
Posted on 2/17/17 at 10:21 am to Aubie Spr96
It's true that tax cuts don't necessarily create growth
Posted on 2/17/17 at 10:21 am to Draconian Sanctions
quote:
It's true that tax cuts don't necessarily create growth
But tax increases do. AMIRITE?
Posted on 2/17/17 at 10:22 am to Draconian Sanctions
quote:
It's true that tax cuts don't necessarily create growth
Well we do know for certainty that unnecessarily high taxes hinder growth.
Posted on 2/17/17 at 10:22 am to Aubie Spr96
quote:
Hey Guys, Cutting Taxes Doesn't Create Growth
I don't care.
However cutting taxes allows me to own more of my labor.
That's what I care about.
Posted on 2/17/17 at 10:23 am to Seldom Seen
quote:
Well we do know for certainty that unnecessarily high taxes hinder growth.
Ok. And?
Posted on 2/17/17 at 10:23 am to Aubie Spr96
Yea, nothing motivates me more than paying more in taxes.
I can't wait to writ the government a check for more money because I didn't pay enough.
WOOO. Time to go bust my arse!!!!
I can't wait to writ the government a check for more money because I didn't pay enough.
WOOO. Time to go bust my arse!!!!
Posted on 2/17/17 at 10:24 am to Aubie Spr96
One thing that this article ignores is that tax through businesses are one of the largest employer segments in the U.S., and less taxes would probably promote more hiring and expansion of the businesses.
I could hire 1-2 more people in my tax through business if my tax liability was capped at 15%. As it stands, Uncle Sugar's cut prevents me from doing that.
I could hire 1-2 more people in my tax through business if my tax liability was capped at 15%. As it stands, Uncle Sugar's cut prevents me from doing that.
This post was edited on 2/17/17 at 10:25 am
Posted on 2/17/17 at 10:24 am to Aubie Spr96
Signed,
Kansas
Kansas
Posted on 2/17/17 at 10:24 am to Draconian Sanctions
quote:
Ok. And?
You serious, Clark?
Posted on 2/17/17 at 10:24 am to Aubie Spr96
quote:
Hey Guys, Cutting Taxes Doesn't Create Growth
Not 100% of the time it doesn't but raising taxes kills job all the time
Posted on 2/17/17 at 10:26 am to Aubie Spr96
See I don't care if it doesn't create growth.
The government should have to meet the burden of proof to justify taxes for anything.
For example, if it wants to tax gas because it pays for highways, then OK; however, if it wants to tax it just because, then that's not acceptable.
The government should have to meet the burden of proof to justify taxes for anything.
For example, if it wants to tax gas because it pays for highways, then OK; however, if it wants to tax it just because, then that's not acceptable.
Posted on 2/17/17 at 10:26 am to Aubie Spr96
Who cares? Letting me keep more of the fruits of my labor is just the right thing to do!
Posted on 2/17/17 at 10:26 am to Aubie Spr96
quote:
another financial sight
Posted on 2/17/17 at 10:27 am to Aubie Spr96
Here is where you are wrong
quote:
We don't know whether historians will call it the Great Expansion of the 1980's or Reagan's Great Expansion, but we do know from official economic statistics that the seven year period from 1982 to 1989 was the greatest, consistent burst of economic activity ever seen in the U.S. In fact, it was the greatest economic expansion the world has ever seen - in any country, at any time.
quote:
The two key measures that mark a depression or expansion are jobs and production. Let's look at the records that were set. Creation of jobs. From November 1982, when President Ronald Reagan's new economic program was beginning to take effect, to November 1989, 18.7 million new jobs were created. It was a world record: Never before had so many jobs been created during a comparable time period. The new jobs covered the entire spectrum of work, and more than half of them paid more than $20,000 a year. As total employment grew to 119.5 million, the rate of unemployment fell to slightly over 5 percent, the lowest level in 15 years. Creation of wealth.
This post was edited on 2/17/17 at 10:28 am
Posted on 2/17/17 at 10:27 am to GumboPot
quote:
However cutting taxes allows me to own more of my labor.
You should own all of it.
Posted on 2/17/17 at 10:27 am to BamaAtl
quote:
Signed,
Kansas
What are you talking about? Their economy has performed well despite systemic, deflationary headwinds in agriculture. New business formations are taking off there.
Posted on 2/17/17 at 10:28 am to BugAC
quote:
The amount of wealth produced during this seven year period was stupendous - some $30 trillion worth of goods and services. Again, it was a world record. Never before had so much wealth been produced during a comparable period. According to a recent study, net asset values - including stocks, bonds and real estate - went up by more than $5 trillion between 1982 and 1989, an increase of roughly 50 percent.
quote:
Under President Reagan, top personal income tax rates were lowered dramatically, from 70 percent to 28 percent. This policy change was the prime force behind the record breaking economic expansion. Interest rates and inflation also fell sharply and, so far, have stayed comfortably low - a further indication of the power and pervasiveness of Mr. Reagan's economic policies. The stock market. Perhaps the key indicator of an economy's booms and busts is the stock market, the bottom line economic report card. And here the record has been striking. During the period from 1970 to 1982, the stock market barely moved. The Standard & Poor's index of 500 stocks inched up about 35 percent during that entire period. But starting in late 1982, just as Reaganomics began to work, the stock market took off like a giant skyrocket. Since then, the Standard & Poor's index has soared, reaching a record high of 360, almost triple what it was in 1982.
Posted on 2/17/17 at 10:28 am to the808bass
Posted on 2/17/17 at 10:29 am to BamaAtl
quote:
Signed,
Kansas
frick them and it has nothing to do with this thread
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