How does raising taxes create jobs?

Discussion in 'Economy' started by Misty, Jul 7, 2011.

  1. Misty
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    Misty Gold Member

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    Hmmmm. What will raising taxes on the "rich" do to create jobs?

    I know the biggest debt burden I have in my personal and business life is the taxes I pay.

    I save to pay taxes not to go on vacations.

    I don't have any debt other than feeding myself, for which I'm taxed, transporting myself, for which I'm taxed, I'm taxed for a house I own, I'm taxed for a car I own, I'm taxed for earning a living, I'm taxed for clothing myself.

    That's a pretty screwed up scenario. I basically work and live to pay taxes.
     
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  2. daveman
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    daveman Diamond Member

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    The left's plan:

    1. Raise taxes on the rich.

    2. ?????

    3. Jobs!!
     
  3. LilOlLady
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    LilOlLady Gold Member

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    First of all it is not raising taxes but letting the Bush tax cut expire to 1990 rate as they were meant to do. It creates revenue that can be used to create jobs.

    THE PRESIDENT: As I said before, if wealthy individuals are willing to simply go back to the rates that existed back in the 1990s when rich people were doing very well -- it's not like they were poor -- and by the way, that's when we saw the highest job growth rates and that's when we saw the highest -- the greatest reduction in poverty, and that's when we saw businesses very profitable -- if the wealthiest among us -- and I include myself in this category -- are willing to give up a little bit more, then we can solve this problem. It does not take a lot.

    Obama Claims Raising Taxes Creates Jobs
     
  4. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    The left believes fervently that raising taxes, especially on the rich, will allow for more spending, primarily to the low and middle income folks who presumeably will spend most of the extra cash and thereby increase demand which results in more jobs.

    Problem is, these uncertain times with the high unemployment we have means that most of those low and middle income people won't spend the extra money, they're paying down debt instead or saving it. This is maybe one reason why the Obama spending spree has not changed the economy much for the better, demand just hasn't picked up enough and sustained it.

    The other part IMHO is that the big spending over the past couple of years has not been wisely done, mostly for politial reasons. Decisions were not made for effective economic reasons but instead for political payback or to support the democratic base. And it was not managed well either, a lot of that money went overseas or was wasted.
     
  5. Moonglow
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    Moonglow Diamond Member

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    I am very busy this year in my business of construction and satellite install and repair.
     
  6. ShackledNation
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    ShackledNation Libertarian

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    Raising taxes will never create jobs. Savings create jobs and growth. Taxation removes those savings. Government spending of course can create jobs, but at the expense of jobs created by the private sector. Due to government bureaucratic inefficiencies, politics, and the nature of government, the spending by government is less efficient than the private sector, and the same amount of money will likely do less to grow the economy had it never been taxed away in the first place.

    Those who support taxation for economic growth are operating on the fallacy that tax dollars fall like manna from heaven. A job created by taxes takes away a job created somewhere else. Which is why we currently have high spending but virtually no job creation.
     
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  7. ShackledNation
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    ShackledNation Libertarian

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    Raising taxes will never create jobs. Savings create jobs and growth. Taxation removes those savings. Government spending of course can create jobs, but at the expense of jobs created by the private sector. Due to government bureaucratic inefficiencies, politics, and the nature of government, the spending by government is less efficient than the private sector, and the same amount of money will likely do less to grow the economy had it never been taxed away in the first place.

    Those who support taxation for economic growth are operating on the fallacy that tax dollars fall like manna from heaven. A job created by taxes takes away a job created somewhere else. Which is why we currently have high spending but virtually no job creation.
     
  8. Mr. Jones
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    Mr. Jones Senior Member

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    Maybe they could be more imaginative and if they allow the Bush tax breaks to expire, use part of the revenue to offer loans to those who want to start a business, or expand an existing business.
    Or use it to hire those who are unemployed and fix the infrastructure.
    In short, put the added revenue to good use to create the jobs that never manifested from the trickle down fantasy, that never seems to come true anyway.
    As for other ways in cutting into the 4 trillion goal, cut the damn foreign aid to nations that don't need it, and trim some from the outrageous defense industry budget, those are reasonable places to start.
    This talk about cutting SS and putting these sacrifices on the backs of those who can least afford it is BS.
    Why is it the poor, elderly, and disabled have to make do with less?
    They already have eliminated the cost of living increases for the last 2 years, and those monthly checks are all some folks have to live on.
    Fuck those elitist bastards...

    Leave the poor the fuck alone, and let the ones who write off their jet setting lifestyle, who got their fortunes from the backs of many of the now disabled, and whose tax breaks didn't contribute to any substantial job growth anyway, start to comply with the original agreement, by letting the tax breaks and free rides end....That was the original agreement..that they would have an expiration date right??
     
  9. percysunshine
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    percysunshine Gold Member

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    How does raising taxes create jobs?

    The IRS will need more people.
     
  10. spectrumc01
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    spectrumc01 I give you....the TRUTH

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    With little to no job growth right now how does not raising taxes create job growth? I mean jobs aren't being created now. Also if taxes were to be cut for the wealthy and businesses what would they do with this extra money? people can't afford to purchas their goods now, are they going to lower their prices? are they going to hire more people if they can't sell what they got now? no. They will pocket the money as profit and then whine about how they need less regulation, and how that is the reason they can't create jobs or give employees raises so they can actually spend money in this economy.
     

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