Originally posted by RRconservative
Why do liberals always get it backwards?
If you want to stop people from smoking, drinking, etc. What do you do? You raise taxes on the problem, to restrict the activity.
Let's look at the Economic Stimulus Package. The reasoning behind that was give people a tax break to stimulate the economy. Obama has recently
stated he would be for another round of rebate checks. So I assume he thinks this works.
So wouldn't higher taxes on the rich be the government wanting to restrict their earnings? If you let them keep more of their money wouldn't it
stimulate the economy more, like the stimulus package?
Rich people have the luxury of making adjustments. Tax them too high, they will adjust. If they own a business some of the adjustments could be
laying off a few people, cutting hours etc. If they are self employed, what makes them stop working in August and start up again in January. That is
a great 4 month vacation, and it prevents them from moving into an even higher tax bracket.
But what happens when you lower taxes? It gives them the incentive to hire more people, invest more into their business, work harder, make even more
money. The net result is government revenue increases.
Who here has ever received a job from a poor person? So what sense does it make to punish the people that actually create the jobs?
[edit on 5-7-2008 by RRconservative]
Ya RR you've got it right if your a billionaire... I don't get you REDS at all on economics - really why do you protect the elite pockets so??? Your
concept of taxation on vices such as alcohol and smokes is correct, proven and right on for sure
But your concept of low taxation on yearly income of the top earners is illogical!
The opposite has been proven with time throughout history. As it is I pay more taxes per dollar then a rich folk...
This is stupid because ALL OF MY MONEY is spent every month--
I should be paying much less taxes and big $$$$$$$ people should pay more !!!! ---
ALL my money goes to others,,, business owners, various company's, retailers...
All the money I spend is going into the pockets of a richer person--
the more money I have the more money they make
- the less money I have the less they makes less money in the economy for the rich people to shovel in!!!
I will point out there are probably thousands of people in my tax bracket to every one person in the higher and highest tax brackets.
Collective,,, the poor folks are consistently flooding more money into the economy because we spend every last dime!
And our money most certainly is going into the pockets of someone richer
Instead of $$$ getting stuck in a fund vesting!!!NOT circulating ---
What Reagan did with trickle down was very illogical if he ever intended to build our nations collective wealth--- I think his true intention was to
favor the people he could relate to $$$$$$$$$$$$$$$$ people.....
REAGAN has the worst economic track record in US history!!! Go and check any government source--- every indication of bad policy is evident in almost
every graph/analysis ======
Check here notice the past 28 years since the trickle down BS concept came about--- Notice how WE faired with all the practitioners--R -B- B2 with
this policy??? 20 years of trickle down and every-time we go down the tubes --
Its not coincidence if economic devastation happens that consistently-- these failures are obvious!
Now check out Eisenhower's record 90% taxation of the top 1% and REPUBLICAN
THIS POLICY --EQUALS -
AMERICAS ECONOMIC GOLDEN ERA -- THE FIFTIES -- 50's-- HOUSES AND CARS FOR ALL!!! GOOD JOBS < NEW ROADS AND COMMUNITIES!!!!
STOP VOTING FOR THESE IDIOTS WHO MAKE ME POORER AND YOU POORER --I"M POOR ENOUGH DAMN IT!!
[edit on 8-7-2008 by mental modulator]