posted on Jun, 17 2011 @ 11:41 AM
Originally posted by beezzer
reply to post by SaturnFX
I would agree on military spending. Lets get us all home.
BUT!. . . . I wuld drastically cut taxes acrossthe board, let people have more of their own money. Sure, the rich will have more, but so will the
middle class. Also, businsses would have extra income to actually GROW, so THEY could make more money (which is what they want) and by default, they
would hire more people.
edit on 17-6-2011 by beezzer because: (no reason given)
That was the philosophy put in place in the early 2000's, and what followed was the slowest job growth in generations.
it is absolutely false...the record shows clearly that the less the wealthy pay in taxes, the more inclined they are to "cash out" and consolidate
their funds...the more taxes they pay, the more they invest in their business so they don't have to claim on taxes.
Trickle down economics simply do not work. it was an experimental philosophy that was tried over and over and each time has slowed down the economy,
and each time the fiat economic model was employed to save it from total crash.
It doesn't work...just deal with the fact...
Now, I am not in favor of returning to a 50s tax rate where the richest were paying insane amounts of taxes...I actually like our million and
billionares...its nice to see the haves in their golden chariots riding around the street...makes the plebs of society dream about one day achieving
that...However, a 4% increase in taxes will effect them minimally, will slightly level the playing field and ensure a middle class, and give incentive
for investors to keep their money invested to mature a bit longer...this works...its been proven to work...it makes america become an economic
powerhouse and with more investment comes more jobs, consumerism, and the rich end up making more money than a low tax rate and a crap economy..
that is a win win in my book...(so long as tariffs are in place to stop the exporting of jobs and importing of crappy knock offs to destroy our local
You and I disagree on this...probably always will. but in 100-200 years, one of us will be seen as the reasonable one, one of us will be seen as
idealistically clinging to propaganda over facts. I suspect history will favor my viewpoints over yours, but at the very least, we are living out a
trial and error system. I was hopeing this trial and error would be resolved already with people looking at hard numbers and facts...but sadly,
emotional principles are clearly still fueling the debate.
We need to remove the two party system...if only so that nobody can cling to being right for a side. pride will let a ship sink verses accept they
were incorrect about a theory.