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In case you haven't noticed, there is a 100% economic fail rate in Progressive, re-distributive economics.
"Not only was the entire national deficit eliminated after raising taxes on the wealthy in 1993, but the economy grew so fast for the remainder of the decade that many conservative economists thought that the Fed should raise the prime interest rate in order to slow it down."
The chart proves nothing. This theory of yours would not get a passing grade in a 10th grade economics class.
Porter Stansberry - Wikipedia, the free encyclopedia
Frank Porter Stansberry, is an American conservative subscription-based investment advisor and the creator of the 2011 online video and infomercial titled "End of America" (77 min).[1] Commercials advertising Stansberry's "End of America" video and website (with narration by radio host Alex Jones) have been featured on an array of U.S. media outlets.
Porter Stansberry - Wikipedia, the free encyclopedia
Frank Porter Stansberry, is an American conservative subscription-based investment advisor and the creator of the 2011 online video and infomercial titled "End of America" (77 min).[1] Commercials advertising Stansberry's "End of America" video and website (with narration by radio host Alex Jones) have been featured on an array of U.S. media outlets.
The chart. Did you look at the chart?
Socialism/Communism just doesn't work
One thing missing from the title here...
Progressive Economics = Poverty =Total Control By Government
"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery." - Winston Churchill
Sound familiar? Look around you. What's going on in our country today? We should start listening to Winston Churchill.
Socialism/Communism just doesn't work
Oh, look!....It's Cleopatra!!"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery." - Winston Churchill
Sound familiar? Look around you. What's going on in our country today? We should start listening to Winston Churchill.
Define the term "socialism," please. When you imply that socialism is the direction we are going, in reference to that quote from Churchill, you are either saying something false or something irrelevant, depending on what you mean by the term.
Government needs to get out of the way regardless.One thing missing from the title here...
Progressive Economics = Poverty =Total Control By Government
Let's see. Lowest taxes on corporations with enough loopholes to lower taxes down to near nothing. Lowest taxes on the wealthy in history. Capital Gains taxes the lowest in history. So much for progressive ecomonics.
Yet, flat wages for thirty years. A record low of the National Income for working Americans. Between 2000-2010 almost as many jobs shipped offshore as created domestically.
During those thirty years, 20 years of conservative administrations, 14 years of conservative rule of Congress. So much for progressive government control.
Regarding "poverty". There is plenty of blame to go around, both by conservatives and liberals and let's not forget how much wealth transferred up wards and who exactly lost their wealth.
The Founding Fathers envisioned government involvement with commerce.
'The general view, discernible in contemporaneous literature, was that the responsibility of government should involve enough surveillance over the enterprise system to ensure the social usefulness of all economic activity. It is quite proper, said Bordley, for individuals to “choose for themselves” how they will apply their labor and their intelligence in production. But it does not follow from this that “legislators and men of influence” are freed from all responsibility for giving direction to the course of national economic development. They must, for instance, discountenance the production of unnecessary commodities of luxury when common sense indicates the need for food and other essentials. Lawmakers can fulfill their functions properly only when they “become benefactors to the publick”; in new countries they must safeguard agriculture and commerce, encourage immigration, and promote manufactures. Admittedly, liberty “is one of the most important blessings which men possess,” but the idea that liberty is synonymous with complete freedom from restraint “is a most unwise, mistaken apprehension.” True liberty demands a system of legislation that will lead all members of society “to unite their exertions” for the public welfare. It should therefore be the policy of government to aid and foster certain activities or kinds of business that strengthen a nation, even as it should be the duty of government to repress “those fashions, habits, and practices, which tend to weaken, impoverish, and corrupt the people.”
From; Johnson, E.A.J.-The Foundations of American Economic Freedom: Government and Enterprise in the Age of Washington