Carl Paladino, the 'trickle down' economist

Discussion in 'Politics' started by Flaylo, Sep 24, 2010.

  1. Flaylo
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    Flaylo Handsome Devil

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    Tea Party-backed GOP governor hopeful Carl Paladino fighting for $1.4 million tax break

    I see why these shitheads don't want big government, a 1.4 million dollar tax break with only one job created and little given back to the government that gave him 1.4 million dollars and the Republitards think they have an argument for extending the Bush tax cuts for the richest, fucking laughable. Now lets see what arguments the forum rightwing cronies can come up with to defend this.
     
  2. Flaylo
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    Flaylo Handsome Devil

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    The cat must have their tongue, the rightwingers are absolutely speeches that one of their 'creative' job makers took 1.4 million dollars in tax breaks to create one job.
     
  3. skookerasbil
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    skookerasbil Gold Member

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    s0n............its 2010. Trickle-Up Poverty Economics is about to get the boot.............


    [​IMG]
     
  4. skookerasbil
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    skookerasbil Gold Member

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    Real bad news for the k00ks......................


    RealClearMarkets - Hate the Laffer Curve? Try Woodhill's



    Hate the Laffer Curve? Try Woodhill's
    By Louis Woodhill

    Liberals don't like the Laffer Curve. If you have any doubts, Google "‘Laffer Curve' +discredited" and peruse the 13,400 hits you get. Well, if Liberals hate the Laffer Curve (and they do), they are really going to hate the Woodhill Curve.

    Professor Laffer originally stated his principle as follows: "For any tax, there are always two tax rates (a high one and a low one) that will produce the same revenue." The example he cited was that tax rates of zero and 100% would both bring in the same amount of revenue-namely, zero.

    The Woodhill Curve extends the concept of the Laffer Curve in two ways: 1) It takes into account the element of time-the fact that the future matters; and, 2) It focuses on the impact of tax changes on total Federal revenues rather than on the revenue generated by an individual tax.

    The principle behind the Woodhill Curve can be stated as follows: "There are an infinite number of combinations of "tax take" (Federal revenues as a percent of GDP) and average annual real economic growth rate that will yield the same present value (PV) of future Federal revenues." While the shape of the Laffer Curve is a matter for speculation, it is possible to quantify the shape of the Woodhill Curve. As it happens, the results of the calculations are very bad news for liberal tax hikers, but very good news for supply-side tax cutters.

    Financially, it is the PV of Federal revenues that really matters, not just tax revenues in the current year. This is why the Social Security Trustees use PV as their ultimate measure of the long-term financial condition of Social Security. Also, when an organization borrows, it borrows against the PV of its future cash flow. The markets are happy to finance investments that increase the PV of future cash flows by more than the amount of the loan. However, lenders get very concerned when they believe that the PV of an organization's future cash flow is falling (e.g., Greece).
     
  5. California Girl
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    California Girl BANNED

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    Liberal CA.... $111m in stimulus, 55 jobs 'created'. :eusa_whistle: True story.
     
  6. California Girl
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    California Girl BANNED

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    $308m in stimulus to BP. Who said the taxpayers won't pay one penny towards the clean up? :eusa_whistle: True Story.
     
  7. Flaylo
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    Flaylo Handsome Devil

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    Links please? I don't believe your bullshit CG since you make meritless claims without backing them up.
     
  8. California Girl
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    California Girl BANNED

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    Nope, I don't do 'meritless' claims. Disprove both, if you can. I'll tell you now, you won't be able to.... because both are sourced.... from legitimate, non biased, factually accurate information. :eusa_whistle:
     
  9. California Girl
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    California Girl BANNED

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    Just for the sheer fucking crack of it, here you go Fail...

    Your stimulus money in action.

    http://coburn.senate.gov/public//in...&File_id=a7e82141-1a9e-4eec-b160-6a8e62427efb


    http://www.ibtimes.com/articles/632...ct-arra-los-angeles-stimulus-wendy-greuel.htm

    The Los Angeles City Controller said on Thursday the city's use of its share of the $800 billion federal stimulus fund has been disappointing.

    The city received $111 million in stimulus under American Recovery and Reinvestment Act (ARRA) approved by the Congress more than year ago.


    "I'm disappointed that we've only created or retained 55 jobs after receiving $111 million," says Wendy Greuel, the city's controller, while releasing an audit report.



    *Tuts* I really should not have to spoon feed idiots.
     
    Last edited: Sep 24, 2010
  10. Flaylo
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    Flaylo Handsome Devil

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    BP is paying a price dipshit and I saw your little link, Congress passed the stimulus bill and gave money to state and local governments and the later two mismanaged and misused it.
     

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