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re: Want Proof Tax Cuts Don't Stimulate the Economy? Look at Kansas
Posted on 12/12/14 at 1:14 pm to samson'sseed
Posted on 12/12/14 at 1:14 pm to samson'sseed
Yu r dum.
0
Posted on 12/12/14 at 1:14 pm to S.E.C. Crazy
quote:
Reagan tripled revenue to the federal coffers.
Actually, he doubled it. Tax cuts and deregulation resulted in a huge uptick in growth which increased revenue. This result caused liberals to go nuts so they've been reviving the history of the 80s ever since.
BTW, just heard an economist explain the benefits of lower gas prices. It will cause growth through middle class spending. The upper class will not change spending habits because the savings are small compared to their income.
The poor will not change spending habits because they don't have cars. Therefore, they won't benefit from lower gas prices.
Posted on 12/12/14 at 1:24 pm to Zach
I think the benefit from lower gas prices comes from lowered transportation costs for business.
It used to cost the Hungry Man company one million dollars to get their trucks out to all the supermarkets so they could stock the shelves. Now it only costs 600,000 (since salaries aren't changing, neither is the price of a truck wash, window washing fluid, etc, the transportation costs dont EXACTLY math the oil price drop).
So now the Hungry Man can either make more money or lower prices for their products and because food is so competitive they probably will lower prices.
BTW - Of course there are no Hungry Man trucks", just making a very simplified example of how oil price drops lead to transportation drops leading to lower prices.
Same for any compnay that has to fly a lot.
It used to cost the Hungry Man company one million dollars to get their trucks out to all the supermarkets so they could stock the shelves. Now it only costs 600,000 (since salaries aren't changing, neither is the price of a truck wash, window washing fluid, etc, the transportation costs dont EXACTLY math the oil price drop).
So now the Hungry Man can either make more money or lower prices for their products and because food is so competitive they probably will lower prices.
BTW - Of course there are no Hungry Man trucks", just making a very simplified example of how oil price drops lead to transportation drops leading to lower prices.
Same for any compnay that has to fly a lot.
Posted on 12/12/14 at 1:29 pm to Eurocat
quote:
The Bush tax cuts cost the US Treasury about one trillion dollars.
Whoah whoah whoah - you mean lower taxes result in lower revenues for the treasury?
No shite sherlock. What's your point? What is more important - the health of the economy or the government getting all the money possible from the citizens?
The government should exist for the benefit of the citizenry. It should not be a for-profit corporation. Unfortunately, I see way too much government waste in terms of overspending and also in terms of bad policies that do not better society as a whole. There should be safety nets to get people back on their feet, but government assistance should not be a lifestyle. Everyone needs to contribute in a functioning society and that is just not happening right now.
Posted on 12/12/14 at 1:29 pm to Zach
Poor people don't have cars?
Posted on 12/12/14 at 1:41 pm to Eurocat
quote:
The Bush tax cuts cost the US Treasury about one trillion dollars.
The entirety of that article is built on the incredibly false premise that private sector revenues would have increased regardless of tax consequences. The very fact that we have inversion going on shows that concept to be utter bullshite.
Under the Bush tax cuts the federal government received returns higher than at any other point in history at a time when the financial industry had just taken a massive hit.
Posted on 12/12/14 at 2:03 pm to Eurocat
quote:
The Bush tax cuts cost the US Treasury about one trillion dollars.
Static analysis = trash built on known bad assumptions.
That is not to say the BTCs even approached paying for themselves. They did "cost" the Treasury, but quite certainly less than that static estimate.
Posted on 12/12/14 at 2:05 pm to Eurocat
quote:
I think the benefit from lower gas prices comes from lowered transportation costs for business.
That's a very good point.
Posted on 12/12/14 at 2:07 pm to samson'sseed
This bull shite OP got 9 pages? 
Posted on 12/12/14 at 2:08 pm to HailHailtoMichigan!
quote:
Poor people don't have cars?
Poor people are more prone to use public transportation. And, if they have a car, they don't go on road trips. A quick stop at the liquor store to do your 'banking' and get some foteys doesn't take much gas.
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