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Started By
Message
Want Proof Tax Cuts Don't Stimulate the Economy? Look at Kansas
Posted on 10/28/14 at 8:15 am
Posted on 10/28/14 at 8:15 am
LINK
In about 2 years Kansas went from a $700 million surplus to a $300 million deficit.
Kansas has been 1 of the 5 slowest states in job growth and economic growth since the tax cuts were enacted.
Trickle down economics debunked once and for all.
In about 2 years Kansas went from a $700 million surplus to a $300 million deficit.
Kansas has been 1 of the 5 slowest states in job growth and economic growth since the tax cuts were enacted.
Trickle down economics debunked once and for all.
29
Posted on 10/28/14 at 8:17 am to samson'sseed
quote:
Trickle down economics debunked once and for all.
yup
one state and 1.5-2 years of data
it's over. keynes won
Posted on 10/28/14 at 8:17 am to samson'sseed
Yeah. It has nothing to do with the tax hikes on the federal level.
"Once and for all".
-troll
"Once and for all".
-troll
Posted on 10/28/14 at 8:18 am to samson'sseed
You can find examples of a up tic in a economy despite tax increases and also of a down turn inspite of tax cuts.
Neither is a absolute like you try to assume. Economies are vast and complex. Your statement is narrow and void of clear thought. Sorry.
Neither is a absolute like you try to assume. Economies are vast and complex. Your statement is narrow and void of clear thought. Sorry.
Posted on 10/28/14 at 8:18 am to samson'sseed
quote:
In about 2 years Kansas went from a $700 million surplus to a $300 million deficit.
Kansas has been 1 of the 5 slowest states in job growth and economic growth since the tax cuts were enacted.
Trickle down economics debunked once and for all.
Wait. Didn't Obama claim he cut taxes?
Posted on 10/28/14 at 8:19 am to TheHiddenFlask
What? Tax breaks for the rich on the back of the working class don't work? No kidding.
Posted on 10/28/14 at 8:20 am to samson'sseed
quote:
Trickle down economics debunked once and for all.
I don't think you understand what this means.
And once and for all, please explain how the poor provide jobs?
Posted on 10/28/14 at 8:20 am to samson'sseed
quote:
In about 2 years Kansas went from a $700 million surplus to a $300 million deficit.
You might want to do a little deeper research about what happened and why the budget deficit is there.
Here's a two word hint:
judges
education
This post was edited on 10/28/14 at 8:50 am
Posted on 10/28/14 at 8:20 am to samson'sseed
quote:
In about 2 years Kansas went from a $700 million surplus to a $300 million deficit.
Kansas has been 1 of the 5 slowest states in job growth and economic growth since the tax cuts were enacted.
Trickle down economics debunked once and for all.
I would imagine there are just a few more metrics involved with this. Just a few.........
Posted on 10/28/14 at 8:21 am to gatorrocks
quote:
Wait. Didn't Obama claim he cut taxes?
and if you don't participate in obamacare, you won't be taxed additionally....it's a penalty
Posted on 10/28/14 at 8:22 am to udtiger
quote:
deeper research
If they did that, they'd never vote for either party.
Please, do a little research and see how both parties want to frick you then tell you how the other party is to blame.
Posted on 10/28/14 at 8:35 am to gatorrocks
quote:
please explain how the poor provide jobs
Billary said corporations certainly don't provide jobs.
Posted on 10/28/14 at 8:37 am to samson'sseed
quote:Funny how you can interpret data from one state as conclusive for the failure of an economic policy on a global basis when it comes to taxes. But you will ignore failures of economic policies as even indicative when it comes to spending. Do you even recognize your hypocrisy?
Trickle down economics debunked once and for all.
I'll end by paraphrasing Obama supporters. Just think how bad Kansas' economy would have been if they hadn't passed this measure to stimulate their economy?
Posted on 10/28/14 at 8:39 am to bamarep
quote:
Billary said corporations certainly don't provide jobs.
Oh, I know. Then some dumbasses tried to explain that "consumers" create jobs.
Yeah, that's it. Consumers created iPods & Cars & raise cattle, etc, etc.
Posted on 10/28/14 at 8:56 am to samson'sseed
quote:
In about 2 years Kansas went from a $700 million surplus to a $300 million deficit.
Kansas has been 1 of the 5 slowest states in job growth and economic growth since the tax cuts were enacted.
Trickle down economics debunked once and for all.
I noticed that the article did not take into account the massive drop in crop prices, especially since Kansas's largest industry in agriculture. In 2012, corn prices were over $7/bu and now they are around $3.50 ($3.66 yo be exact) and soybeans were at almost $18/bu and now are $10.10 at the moment. We sold wheat for $8.35 in May of 2012 and not wheat is $5.56. The lower prices means that farmers spend less money to grow their crop which means less $$$ in the local economies (all of Kansas bascially).
Long story short, the article in your link is bullshite because it does not look into why revenues are down, but you libtards don't care why yall just repeat talking points.
Posted on 10/28/14 at 9:08 am to samson'sseed
quote:
Trickle down economics debunked once and for all.
Does this critique include federal government confiscation and redistribution efforts? Do they trickle down to shovel ready jobs better or worse than letting wage earners keep more of what they earn?
Posted on 10/28/14 at 9:11 am to UncleFestersLegs
or make sure the middle class and poor get a better piece of the pie? or more for the elite?
Posted on 10/28/14 at 9:14 am to samson'sseed
Go back to sleep seed...it's clear that your brain isn't functioning correctly yet.
Posted on 10/28/14 at 9:14 am to JEAUXBLEAUX
quote:
or make sure the middle class and poor get a better piece of the pie?
Where do they get their money?
quote:
or more for the elite?
Is that Obamanomics? Cause no one has benifitted more than them under Obama. Heck, he might even take Employee healthcare off their plate, too...
Posted on 10/28/14 at 9:15 am to WeeWee
quote:
Long story short, the article in your link is bullshite because it does not look into why revenues are down, but you libtards don't care why yall just repeat talking points
So revenue fell drastically on the local, state and federal levels after the crash of 2008, yet you contards never take that into consideration when speaking of the debt.
That said, there's a fundamental difference in the way the two sides believe this should be handled. On the federal level the stimulus was 28% tax cuts, about a third in help to local and state govts with their deficits and the rest in various actual "stimulus" projects.thats another thing you guys don't mention.
Kansas took the Hoover route and let the state starve.
You and I can argue which is the best approach, but for it to be an honest debate, you'd have to acknowledge what really happened and that Democrats were not actually practicing "economic terrorism" as Sentrius (and others) claimed.
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