How would raising taxes affect you and our economy?

lifegoesonbrah said:
When you charge businesses more to make stuff and charge them more to have employees, they won't make as much stuff (GDP), or hire as many people (Employment).
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so we've lowered taxes for 30 years, so we should have tons of jobs by your reasoning, right? and production should be way up, right?

:lol:
 
UncleBuck said:
so we've lowered taxes for 30 years, so we should have tons of jobs by your reasoning, right? and production should be way up, right?

:lol:
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Our economy runs in cycles, taxes are only a single contributing factor.
The current economical mess we see ourselves in, was primarily caused by the housing bubble. Millions of Americans simply spent money they didn't have, many were driven by their own greed, some were swindled by predatory lenders coupled by greed. Consumer confidence is another factor, investments slow down when the return is questioned. Regulations are another factor that dictates investment and growth, as much as you will probably deny this fact, I see it every day and it's killing businesses across the country. There's nothing wrong with common sense regulation, but there are thousands of idiotic regulations that kill jobs and progress.
No matter how good the economy gets, there are going to be classes, we'll always have the rich, the poor and the in between, just like we have the lazy, the motivated and those in the middle. But almost everyone of us have the opportunity to be anything we want in this country.
 
UncleBuck said:
so we've lowered taxes for 30 years, so we should have tons of jobs by your reasoning, right? and production should be way up, right?

:lol:
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If taxes were the only factor in economic growth and we actually have lowered taxes consistently for the last 30 years then yes.
 
beenthere said:
Our economy runs in cycles, taxes are only a single contributing factor.
The current economical mess we see ourselves in, was primarily caused by the housing bubble. Millions of Americans simply spent money they didn't have, many were driven by their own greed, some were swindled by predatory lenders coupled by greed. Consumer confidence is another factor, investments slow down when the return is questioned. Regulations are another factor that dictates investment and growth, as much as you will probably deny this fact, I see it every day and it's killing businesses across the country. There's nothing wrong with common sense regulation, but there are thousands of idiotic regulations that kill jobs and progress.
No matter how good the economy gets, there are going to be classes, we'll always have the rich, the poor and the in between, just like we have the lazy, the motivated and those in the middle. But almost everyone of us have the opportunity to be anything we want in this country.
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i agree there will always be classes and we basically have all the opportunity we could want, but the divide between those classes is getting too big, on par with pre-depression levels.

and you both conveniently forgot to answer my first question, choosing instead to make excuses for the failure of trickle down.

what have been the successes of trickle down? who has benefited?
 
they don't want to answer the question about who benefited from trickle down :( all thye want to do is make excuses for why we're not swimming in jobs :(

that makes me a sad sexual harassment panda.
 
UncleBuck said:
they don't want to answer the question about who benefited from trickle down :( all thye want to do is make excuses for why we're not swimming in jobs :(

that makes me a sad sexual harassment panda.
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Ginjawarrior killed my thread about the tax cuts by sucking me into a cannabis debate.
 
beenthere said:
No one has commented on how raising taxes would affect them personally, how it directly impacts the economy or if the revenue would be spent paying down the national debt!
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It would reduce my discretionary income. translation- I wouldn't have as much money to piss away and otherwise stimulate the economy.
 
We dont need to raise taxes we need to raise intrest rates. Doing this will allow banks to once again lend, ie the housing market will come back which will lead to the employement and retail markets to return to active rates. Banks have no incentive to lend if they cant make the spread, they borrow from the fed, mark up the money, and lend to us. The higher rates lead to income for the banks. The Economy is stimulated and the tax money then comes from income and capital gains. Our economy will never recover by taxing the rich as they will just stop earning. They are rich and if they are not making money they wont do it. Just that simple, Repubs will get intrest rates up and the next thing you know all this shit will stop. Wont take more than a year, by summer 2013 employment will be below 7%, we can all sell our homes and the stores will be packed. Obama is steal from the rich and give to the poor that just does not happen unless it is a movie. Just flat out wrong, he knows it, he dont care, the only thing he is into right now is make everyone (the masses) happy so he can be re-elected. He is very one sided, he had control of the senate and congress for two years and the only thing he did was the health care thing that only will help those who dont make shit but voted for him.. If you want to sit at home and someone mail you a check vote Obama, if you want the economy to come back to the point that people like you and I can be independent than vote Romney.

No reason in the world for banks to lend and take chances is they dont have intrest income there to off set losses.


Obama tried to Nationalize the banks, trust me you dont want that to happen.
 
beenthere said:
Start a thread about the failure of trickle down economics, I'll be there.

BTW, posting cartoons doesn't count, you and Bucky better think hard.
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is beenthere really too much of a whiney pussy to answer who benefits from trickle down?

because what he calls 'raising taxes' is what i call 'getting rid of the mistake that is trickle down'.

watch as he avoids answering this question yet again.
 
UncleBuck said:
is beenthere really too much of a whiney pussy to answer who benefits from trickle down?

because what he calls 'raising taxes' is what i call 'getting rid of the mistake that is trickle down'.

watch as he avoids answering this question yet again.
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Like I said, start a thread about trickle down economics and how it failed and I'll be there.

BTW, who was right, my 4.2% or your 6.2%? LOL
 
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