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We are currently in a period of lower taxes and austerity. We are currently living the Conservative grand scheme.
The consequences are vivid. We are seeing a full-on acting out of the modern day establishment Conservative dream of a country with very low taxes, a massive globalist interventionist military, and, if conservatives get their way,
a virtual disappearance of domestic spending to pay for the aforementioned.
We went from a startup country in 1776 to the most prosperous nation without an income tax. Thanks to the creation of the fed and taxes, we have class warfare, debt, govt created bubbles to offset the previous bubble and so on....
So your suggestion is we go back to being an agrarian society?
With slaves, of course.
Please go get your example in history where this has born out as true?
So your suggestion is we go back to being an agrarian society?
What's wrong with the agrarian lifestyle?
It involves work.
Show me these tax cuts. I don't see a soul advocating a reduction. Your theory has a flaw.
Please go get your example in history where this has born out as true?
Use your common sense lefties. The government does not generate wealth. It confiscates it from the private sector. Didn't the collapse of communism teach you anything? American corporations pay the highest corporate tax rate in the world(Japan is higher). That's why they move to foreign countries.(Give us some names) Obama doesn't seem to understand that taxing corporations dry and placing unrealistic regulations does not enhance economic development. You can't force corporations to hire if they can't afford it and for that matter you can't force industry to invent a product that would replace petroleum. (They have record profits and huge piles of cash right now and still have not hired)If the radical left was honest and admit that Obama is their big chance to win the socialist revolution it would be refreshing but they can't afford to tip their hand yet.
What's wrong with the agrarian lifestyle?
It involves work.
Think what you wish but I doubt you will get many Americans to agree to go back in time to suit your historically failed ideas.
Depression of 1920Please go get your example in history where this has born out as true?
Applicable
Year Income
brackets First
bracket Top
bracket Source 1913-1915 - 1% 7% IRS 1916 - 2% 15% IRS 1917 - 2% 67% IRS 1918 - 6% 77% IRS 1919-1920 - 4% 73% IRS 1921 - 4% 73% IRS 1922 - 4% 56% IRS
yes, and those 'solutions' were then implemented once Hoover got into power, and double/triple/quadrupled down on by FDR resulting in the Great Depression because the government was TOO involved, interfering with a natural cycle recovery which would have naturally come about by 1931-2 or so otherwise. BTW, by the time this conference occurred, the depression was over.Depression of 1920
Conference on unemployment
Representatives attending the 1921 Conference on Unemployment held in Washington, D.C.
President Warren Harding convened a President's Conference on Unemployment at the instigation of then Commerce Secretary Herbert Hoover as a result of rising unemployment during the recession. About 300 eminent members of industry, banking and labor were called together in September 1921 to discuss the problem of unemployment. Hoover organized the economic conference and a committee on unemployment. The committee established a branch in every state having substantial unemployment, along with sub-branches in local communities and mayors' emergency committees in 31 cities. The committee contributed relief to the unemployed, and also organized collaboration between the local and federal governments.
The Unemployment Conference stands as a watershed in federal policy with respect to depressions and unemployment relief. In sharp contrast to the total inaction and benign neglect that had characterized the response of previous administrations, the Conference not only conducted studies aimed at preventing future depressions through better management of the business cycle, but also provided practical assistance to local committees and encouraged a variety of local actions. These included the stimulation of public works and clean-up projects, advice on the organization and techniques of fund raising, and exhorting employers to adopt "work-sharing" plans. The Conference soon became an effective clearinghouse, disseminating ideas that local committees had found effective in providing jobs and temporary relief.
Field representatives were dispatched to assist local committees and to monitor their progress. Thus they not only facilitated the sharing of ideas, but provided vital situation reports by which overall progress could be measured. Reports from hundreds of cities provide interesting insights into conditions, responses and attitudes toward relief. In a few instances, field representatives discovered that very little was being done and that city fathers were not interested in cooperation. In such instances, the realization that their inactivity was being reported usually had the effect of prodding them into action.
Repeating it doesn't change my response.Conference on unemployment
Representatives attending the 1921 Conference on Unemployment held in Washington, D.C.
President Warren Harding convened a President's Conference on Unemployment at the instigation of then Commerce Secretary Herbert Hoover as a result of rising unemployment during the recession. About 300 eminent members of industry, banking and labor were called together in September 1921 to discuss the problem of unemployment. Hoover organized the economic conference and a committee on unemployment. The committee established a branch in every state having substantial unemployment, along with sub-branches in local communities and mayors' emergency committees in 31 cities. The committee contributed relief to the unemployed, and also organized collaboration between the local and federal governments.
The Unemployment Conference stands as a watershed in federal policy with respect to depressions and unemployment relief. In sharp contrast to the total inaction and benign neglect that had characterized the response of previous administrations, the Conference not only conducted studies aimed at preventing future depressions through better management of the business cycle, but also provided practical assistance to local committees and encouraged a variety of local actions. These included the stimulation of public works and clean-up projects, advice on the organization and techniques of fund raising, and exhorting employers to adopt "work-sharing" plans. The Conference soon became an effective clearinghouse, disseminating ideas that local committees had found effective in providing jobs and temporary relief.
Field representatives were dispatched to assist local committees and to monitor their progress. Thus they not only facilitated the sharing of ideas, but provided vital situation reports by which overall progress could be measured. Reports from hundreds of cities provide interesting insights into conditions, responses and attitudes toward relief. In a few instances, field representatives discovered that very little was being done and that city fathers were not interested in cooperation. In such instances, the realization that their inactivity was being reported usually had the effect of prodding them into action.
We went from a startup country in 1776 to the most prosperous nation without an income tax. Thanks to the creation of the fed and taxes, we have class warfare, debt, govt created bubbles to offset the previous bubble and so on....
The USA also supported (with taxes) our government in two ways:
1. by imposing highly PROTECTIVE TARRIFS on incoming manufactured goods; and
2. TAxing alcohol while making it impossible for small farmer distillers to stay in business. (they were supporting the slave, molasses RUM troika instead)
As to class warfare? THAT has always been a part of our (and every other modern) society.
See Shay's WHISKEY rebellion for further details of why I call that an excellent example of this nation's CLASS warfare.
fyi, i I could distill at last a couple hundred gallons of fine WHISKEY or JACK with my harvest this year.
EXCEPT that the way the taxes on distilling are structured (read by DESIGN) it does NOT make economic sense for me to do so.
How much does that personally cost me?
Well, what is the lost opportunity cost on a couple hundred gallons of very fine booze?
Such as when?
Yes when.
You guys are the ones claiming it will work.
Show us the time in history when it worked?
Calvin Coolidge
He kept spending well below the government revenues.
He reduced taxes (except for the tariff).
Surtax on personal income was reduced and estate taxes ,gift taxes were abolished.
He kept reducing taxes,and the more that taxes were lowered, it provided more surplus.
These are his words;
"Four times we have made a drastic revisions of our internal revenue system, abolishing many taxes and substantially reducing almost all other. Each time the resulting stimulation to business has so increased taxable incomes and profits that a surplus has been produced".
He worked to reduce the role of government in the economy.
And he vetoed all of the subsidies bills.
We grew and thrived as a nation by those policies. A large portion of the poor rose to middle class and some of the middle class rose to the rich.
Conference on unemployment
Representatives attending the 1921 Conference on Unemployment held in Washington, D.C.
President Warren Harding convened a President's Conference on Unemployment at the instigation of then Commerce Secretary Herbert Hoover as a result of rising unemployment during the recession. About 300 eminent members of industry, banking and labor were called together in September 1921 to discuss the problem of unemployment. Hoover organized the economic conference and a committee on unemployment. The committee established a branch in every state having substantial unemployment, along with sub-branches in local communities and mayors' emergency committees in 31 cities. The committee contributed relief to the unemployed, and also organized collaboration between the local and federal governments.
The Unemployment Conference stands as a watershed in federal policy with respect to depressions and unemployment relief. In sharp contrast to the total inaction and benign neglect that had characterized the response of previous administrations, the Conference not only conducted studies aimed at preventing future depressions through better management of the business cycle, but also provided practical assistance to local committees and encouraged a variety of local actions. These included the stimulation of public works and clean-up projects, advice on the organization and techniques of fund raising, and exhorting employers to adopt "work-sharing" plans. The Conference soon became an effective clearinghouse, disseminating ideas that local committees had found effective in providing jobs and temporary relief.
Field representatives were dispatched to assist local committees and to monitor their progress. Thus they not only facilitated the sharing of ideas, but provided vital situation reports by which overall progress could be measured. Reports from hundreds of cities provide interesting insights into conditions, responses and attitudes toward relief. In a few instances, field representatives discovered that very little was being done and that city fathers were not interested in cooperation. In such instances, the realization that their inactivity was being reported usually had the effect of prodding them into action.
How about this time?
Calvin Coolidge
He kept spending well below the government revenues.
He reduced taxes (except for the tariff).
Surtax on personal income was reduced and estate taxes ,gift taxes were abolished.
He kept reducing taxes,and the more that taxes were lowered, it provided more surplus.
These are his words;
"Four times we have made a drastic revisions of our internal revenue system, abolishing many taxes and substantially reducing almost all other. Each time the resulting stimulation to business has so increased taxable incomes and profits that a surplus has been produced".
He worked to reduce the role of government in the economy.
And he vetoed all of the subsidies bills.
We grew and thrived as a nation by those policies. A large portion of the poor rose to middle class and some of the middle class rose to the rich.
This is exactly what we should be doing right now.
We went from a startup country in 1776 to the most prosperous nation without an income tax. Thanks to the creation of the fed and taxes, we have class warfare, debt, govt created bubbles to offset the previous bubble and so on....
We were also isolationist over roughly that same time period.
If we practiced the same principles that the founders did, we wouldn't be in this situation and that includes endless wars.
Conference on unemployment
Representatives attending the 1921 Conference on Unemployment held in Washington, D.C.
President Warren Harding convened a President's Conference on Unemployment at the instigation of then Commerce Secretary Herbert Hoover as a result of rising unemployment during the recession. About 300 eminent members of industry, banking and labor were called together in September 1921 to discuss the problem of unemployment. Hoover organized the economic conference and a committee on unemployment. The committee established a branch in every state having substantial unemployment, along with sub-branches in local communities and mayors' emergency committees in 31 cities. The committee contributed relief to the unemployed, and also organized collaboration between the local and federal governments.
The Unemployment Conference stands as a watershed in federal policy with respect to depressions and unemployment relief. In sharp contrast to the total inaction and benign neglect that had characterized the response of previous administrations, the Conference not only conducted studies aimed at preventing future depressions through better management of the business cycle, but also provided practical assistance to local committees and encouraged a variety of local actions. These included the stimulation of public works and clean-up projects, advice on the organization and techniques of fund raising, and exhorting employers to adopt "work-sharing" plans. The Conference soon became an effective clearinghouse, disseminating ideas that local committees had found effective in providing jobs and temporary relief.
Field representatives were dispatched to assist local committees and to monitor their progress. Thus they not only facilitated the sharing of ideas, but provided vital situation reports by which overall progress could be measured. Reports from hundreds of cities provide interesting insights into conditions, responses and attitudes toward relief. In a few instances, field representatives discovered that very little was being done and that city fathers were not interested in cooperation. In such instances, the realization that their inactivity was being reported usually had the effect of prodding them into action.
How about this time?
Cute. VERY cute.
