Republican Economic Theory. Is it destroying America?

Discussion in 'Economy' started by Neubarth, Feb 5, 2011.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    From the looks of things, It appears that the policies of the past ten years has had a horrific effect on the Middle Class.

    The US used to have a LARGE Middle Class and that Middle Class paid their taxes and supported the growth of the United States. Now, the Middle Class is almost totally trashed and the tax revenue is not there to pay the government bills. And yet, the Rapublican Party wants to reduce taxes on the upper class and the new rich who have benefitted from our very low tax rate.

    What do we need to do to correct this horrific mess and recreate a Middle Class again?
     
  2. Mini 14
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    Mini 14 Senior Member

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  3. DaGoose
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    DaGoose Gold Member

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    What do we need to do? Correct the mistakes of Reaganomics.

    It was the greatest redistribution of wealth ever seen.
     
  4. Oddball
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    Oddball BANNED Supporting Member

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    The low federal income tax rate is (purposefully, IM not-at-all HO) deceptive.

    Who is most harmed by immense bureaucracies like the FDA and asinine smoking bans?

    Who is hardest hit by things like sales taxes that need to be raised to pay for mandated, yet unfunded, federal programs like Medicare?
     
  5. uscitizen
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    uscitizen Senior Member

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    WOW! Neubarths post made more sense than yours did. That is BAD.
     
  6. Oddball
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    Oddball BANNED Supporting Member

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    That my posts make no sense to libruls is nothing new.

    It's not like y'all have any clue about unintended consequences, anyways.
     
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  7. Flopper
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    Flopper Gold Member

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    The Republican controlled House's seems to have the answer.

    Repeals the healthcare law and replace it with nothing so unpaid healthcare bills will continue to be the leading cause of middle class bankruptcy.

    Keep income taxes for the rich low to insure that the redistribution of wealth continues.

    Cut the budget 1.4%. At that rate it would take only about 40 years to balance the budget.

    And of course, read your constitution. There may be other ways to screw the working class.
     
  8. uscitizen
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    uscitizen Senior Member

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    Ohh I had plenty of clues about the unintended consequences of invading Iraq.
    Globalization and free trade.
    Offshoring jobs.
    Becoming a debtor nation.
    Becoming a consumer spending driven economy.
    The credit rampage.
    etc.
     
    Last edited: Feb 6, 2011
  9. uscitizen
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    uscitizen Senior Member

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    You left out continuing to offshore jobs.
     
  10. Flopper
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    Flopper Gold Member

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    Yep, plus abolishing most federal regulations, the minimum wage, unemployment insurance, social security, welfare, Medicaid, and Medicare. By removing all social safety nets, it will give the poor more incentive to get jobs that don't exist. Taxes can be cut for the wealthy so they can invest more money in the rapidly growing economics in Europe, China, and India. Once wages in the US have fallen enough, cheap foreign labor will not be problem, and jobs from overseas will come back to America. With low wages, no unions, no costly regulations to protect workers, the environment, or consumers business can grow faster than it has in hundred years.
     
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