Why the GOP IS the root of all evil...

mat-ty · Joined: 07 Jul 2007 Posts: 7850

http://www.aei.org/article/102288

Its amazing, the biggest defenders of all things liberal, the windsurfing economic gurus, are from the three states that are dying because of idiotic liberal ways. Cali, Mass, and New york, all drowning . People(that work) and businesses are packing up and leaving by the truck load.
Maybe when the moron obama focuses on the economy, instead of gays with guns, or a soccer game 20 years from now, we can get people back to work.

MalibuGuru · Joined: 11 Nov 1993 Posts: 9300

mrgybe · Joined: 01 Jul 2008 Posts: 5180

dperzinski · Joined: 04 Aug 2001 Posts: 156

This accusation that the GOP are evil is nonsense. They are good people and all children of God. We should all remember that. They have bought into this notion of trickle-down economics because it makes sense to them and they think it will make us all more prosperous.

But there is also a notion of trickle-up economics that works at the same time. When the average Joe has more money to spend on refrigerators and ipods, corporations will compete to get a share of that wealth. Even if their percentage profit is less because of higher taxes, their profit will be more because their sales will be more.

Somewhere in the middle (between trickle-down tax cuts for the rich and trickle-up progressive tax) is a right balance. Is there no empirical data at this day and age of computer number crunching that can find that balance? Can’t we put the ideology aside and stop screaming “Socialist and Evil-doers”?

About 10 years ago, I kept hearing about the so-called Irish miracle. Ireland had lowered its taxes and was drawing corporation from other countries. Their economy was booming. But they had no money to support infrastructure. Yet, the growth of their economy was demanding more infrastructure. Now, look at the mess their in.

windoggi · Joined: 22 Feb 2002 Posts: 2743

This is good...
http://www.youtube.com/watch?v=-laQ0uvnl5M

mac · Posted: Sat Dec 04, 2010 12:34 pm Post subject:

dperzinski--remember that this posting was in direct response to, and parody, of bard's posting that Obama was the root of all evil. It is, you are right, characteristic of shouting past each other.

You make a good point--we should try to examine the actual facts behind tax cuts and their economic impacts. There are some pretty good studies that indicate that the modification of the progressive, nay punitive, tax structure during the Eisenhower and earlier administrations were beneficial. Those rates were very high. The Laffer curve has been pretty well discredited. Remember, we are talking about a difference between 36% and 39% on the top level of income tax. Other taxes--estate and capital gains, are pretty well gamed to assure protection of capital and encourage investment.

It is not fair to blame the Bush tax cuts for exodus of jobs--that started before Bush, and is a response to the dramatic difference in wage structures, and the NAFTA type trade policies. It is fair to ask whether they are fundamentally fair, economically viable, and whether they amount to actual subsidies of job export. All three can, I believe, be found and should be addressed.

Finally, mrgybe's blaming of current economic uncertainty on Obama and Congress is just as absurd as blaming job losses on Bush's tax cuts. Nobody understands what economy will emerge out of the current rubble. So investors (outside of securities, which remain pretty robust) are sitting on their capital or buying companies that will help reduce their operating costs--and will, by the way, reduce jobs. Blaming this on Obama is purely delusional. I don't hear any cries from the right about tax measures that would actually incentivize a return to manufacturing, and the jobs it might create. Without strings, capital will follow profits and ignore job formation in this country. That, dear sirs, is the lesson of the Bush cuts.

dperzinski · Joined: 04 Aug 2001 Posts: 156

[quote="mac"] It is not fair to blame the Bush tax cuts for exodus of jobs--that started before Bush, and is a response to the dramatic difference in wage structures, and the NAFTA type trade policies. It is fair to ask whether they are fundamentally fair, economically viable, and whether they amount to actual subsidies of job export. All three can, I believe, be found and should be addressed.

Yes, Thanks for the response

isobars · Joined: 12 Dec 1999 Posts: 20935

dperzinski · Joined: 04 Aug 2001 Posts: 156

Iso wrote: "why not minimize those tax rates so individuals and business can better spend, invest, grow, create, R&D, hire, etc.? "

Maybe, at some point business looks out into the future and says, "I can't spend and grow more, this infrastructure won't support it. There aren't enough roads, bridges, ports, or educated people or people with income to support my products."