OK, Can anyone explain to me

Discussion in 'Politics' started by JRK, Apr 15, 2011.

  1. JRK
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    JRK Senior Member

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    How the government could take more wealth from the citizens and create more jobs by doing that?
    I keep reading that trickle down economics do not work and that tax cuts do not work

    I have provided 2 threads that prove by the numbers otherwise and in rebuttle I get they dont, but no reason why

    An I get all of these good things that occurred when Clinton was the president as though the tax rate had nothing to do with it from Reagan

    I am serious. how can taking more wealth from the middle class create more jobs?
     
  2. blastoff
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    blastoff Undocumented Reg. User

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    it can't
     
  3. JRK
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    JRK Senior Member

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    Then why is it people keep saying that?
    why don't they say what they really want?
    to take more of our wealth so they can give more of it away
     
  4. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Easy

    Something called "Trickle up" economics

    The more money you put in the hands of consumers, the more money can be spent on cars, restaurants, home improvements, vacations.....

    More money going into these areas mean more JOBS

    Ronald Reagan would love it!
     
  5. P F Tinmore
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    P F Tinmore Platinum Member

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    An economy needs a flow of money. If that money collects in any one place it pinches off that flow of money. Giving tax breaks on money already sitting around doing nothing will only mean more money sitting sitting doing nothing while the rest of the economy has less money to operate.
     
  6. JRK
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    JRK Senior Member

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    The wealth I was allowed to keep after GWB tax breaks in 2003 did not sit around
    its up to about 35,000 now and I make less than 100,000, actually taxable less than 75,000
     
  7. P F Tinmore
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    P F Tinmore Platinum Member

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    I get tax deductions for money I invest in my own company.

    Small business is the backbone of our economy. Small business in created and run by the upper middle class. If there are to be tax breaks, that is where they should be.

    The problem I have is with those who get a lot of money and contribute little if anything to the economy. They just suck the wealth that others create. I have no problem with taxing them to the teeth.
     
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  8. Douger
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    Douger BANNED

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  9. theDoctorisIn
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    theDoctorisIn Senior Mod Staff Member Senior USMB Moderator

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    The government is "taking" less money in taxes than it has since the 50s. (Tax revenue as a percentage of GDP). And the economy is hurting because of it.
     
  10. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    That's because of 20%+ under and unemployment - and anemic GDP growth which is not creating jobs.

    Contrary to Madame Pelosi's claim, Unemployment Checks do not stimulate the economy.
     
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