Originally posted by GR1ill3d
So the maker class has had the last how many years with bush tax cuts, yet the economy went to hell in a hand basket?
So let me get this right, they make billions and as some people would have you think they also make jobs?
Ok well if they have these cuts and supposedly create jobs, then why are we in a recession? why do we have a sizable % in unemployment still? I mean
these guys create jobs don't they?
That would actually be the smart thing to do, since if more people had jobs they could pay taxes and thus take the burden off these 1% guys. That
would make the most rational sense to me. Had these bumbling idiot CEO's not been so greedy and shipped millions of jobs overseas to save a few
bucks, they wouldn't have to take such a hit with the tax rate going up.
TL;DR You screw over hard working americans out of jobs, then complain about your taxes going up? and you blame the "Takers?" **** logic...
Yep. You hit the nail on the head. Tax cuts for the obscenely wealthy can (sometimes) create a few jobs for us American Peasants. However...they
just CAN'T do it in the Holy & Sacrosanct Free Market. The billionaire class HAVE created TENS OF MILLIONS OF GOOD PAYING JOBS in the last decade or
so...IN CHINA, INDIA, VIETNAM, TAIWAN, AND MEXICO!!!!!!!!!!!!!!!!!!
Cutting some of the capital gains taxes in the early '80's DID foster capital investment in the United States...but at that time WE HAD TARIFF'S
AND EXCISE TAXES!!
Today...we actually PAY OUT TAX CREDITS to Mitt Romney & Friends to SEND jobs overseas so that he can EVADE TAXES AND ESSENTIALLY USE SLAVE
LABOR...but we are STILL supposed to cut taxes on what that prick makes here DOMESTICALLY?!!??
The difference was that during the Cold War our Fear of Russians meant that we wanted all the factories that made anything relevant right here on US
soil...AND OUR TRADE POLICIES REFLECTED that we put the USA FIRST in DIRECT PROPORTION to the threat-level that the old USSR posed.
Take cars for example...we didn't start allowing significant investment in German and Japanese auto's until we were finally convinced in the 80's
that the Soviet's didn't have a snowball's chance in hell of invading the geographic territory where the factories were. You see...US Consumer
spending = profits = capital investment in whichever country said automobiles are being manufactured.
After the collapse of the Soviet Union, we decided it was A-OK to produce things WHEREVER we wanted because it wasn't as if anybody could actually
TAKE those centers of production from us by force anymore. Unfortunately...even as late as the '90's we were STILL thinking about the world in
terms of antiquated industrial-age symmetrical wars and threats.
Too bad most Americans are simply too poorly educated to realize that Ayn Rand's Church of Holy Supply & Demand Curve oversimplifies economic issues
to absurdity. Every economic textbook on planet earth gives ALL KINDS of examples of Market Failure which can stem from reasons such as, but not
limited to, environmental catastrophe, warfare, political instability, monopoly, oligopoly, corruption and bribery, graft, excessively litigious
environments, constraint of raw materials or other inputs, and about 50 more.
In fact...for an economist rate of taxation is one of the LEAST relevant things to determining job growth. Within reason of course. This assumes we
are talking about any tax strategy which has been implemented in the United States since WWII onwards. Obviously, if we imposed a flat tax of 99.9%
of all income across the board no matter how much or little you make it would have devastating effects....but that argument is a little like arguing
that water is unhealthy for humans because people have drowned. While this is a technically a true statement...closer examination and a dose of
common sense indicates that water is actually quite beneficial to one's health so long as you (obviously) keep it out of your lungs.
Raising taxes the meager few percentage points that Obama is proposing is GOOD for the economy. The #1 rule that we learned from the Great Depression
is that MONEY IS LIKE BLOOD...it only does you go if it CIRCULATES. Taxation and (gasp!) REDISTRIBUTION of wealth is what makes capitalism possible
in the first place. If this NEVER occurs sooner or later the top of the pyramid has all the money and nobody to buy their products and services...at
which time the entire damn economy collapses and one experiences widespread Market Failure that every student in Freshman Econ 101 learns about...but
which Fox News continues to mysteriously ignore.
It's that damn simple, people.