Republican Funded Study Shows Taxing the Wealthy Does Not Hurt Economy

[usmcstinger]

A recent Republican Study meant to show that taxing the wealthy, or as Republicans call them, the job makers, would hurt the economy, including unemployment. The results came back. the republicans looked at the results, and then they shelved the report. Because, the report showed just the opposite of what they intended for it to show. It showed that taxing the wealth did not hurt the economy at all. In fact it showed it did the opposite.

Here is the link:
Tax the Rich, Kill the Economy? Here's Proof It Doesn't Work That Way - DailyFinance

It certainly does not help the economy. Be smart and reduce taxes on all Americans both personal and corporate. Government does not create jobs. Private industry does. Keynesian Economics has not worked and will never work. Do you understand basic economics.?

 

[EdwardBaiamonte]

Government does not create jobs. Private industry does. Keynesian Economics has not worked and will never work. Do you understand basic economics.?

no, he does not understand that liberal bureaucrats don't invent new products and so cant create real jobs or grow the real economy!!

He's been thinking about it for months and still cant come up with a answer. Its very very painful to grow up late in life. We should show some sympathy!!

 

[Rshermr]

So, usmcstinger says

It certainly does not help the economy.

Actually, stinger, if you knew anything about economics, you would know that the issue is not raising taxes, but what you would do with the increased revenue from raising taxes. That would be stimulative spending. Like Roosevelt did. Like Reagan did. And like Clinton did. In all cases, it did help the economy.

Be smart and reduce taxes on all Americans both personal and corporate.

So, do you have an example when that worked for a president when the economy included high unemployment? Lets see, did not work at all for Hoover. For Reagan it drove the UE rate up from about 7.5% to the highest it had been since the great depression, at 10.8% at which time he raised taxes 11 times, and borrowed enough to triple the national debt. So, where is your example of when that helped?????

Government does not create jobs. Private industry does.

So, you do not understand the concept of increasing demand to cause hiring of employees. So, if you were a business, and had to hire employees to make your product, you would not take sales from people who work in gov jobs. You know, like police. Just turn their dollars away because they are not in jobs. And from those companies that did take their money, and had to hire new employees to keep up with the additional demand, you would not take their dollars because the jobs, though private, were created by money from gov jobs. That whole demand thing just does not create jobs, so you are going to simply ignore them.
You know, when the economy was bad at the start of the Clinton admin, and he raised taxes, and spent stimulatively, and jobs were created. I am sure you believe that was just a coincidence. And the economy just got better not because of the stimulative spending, but even though it happened. So, you would not have taken those sales from workers hired based on the stimulative spending.

Keynesian Economics has not worked and will never work

.
That would be your opinion. And very very few economists would agree with you. The vast majority believe in at least the majority of Keynesian economics. And, by the way, you know how much I appreciate your opinion.

Do you understand basic economics.?

Yes. But you definitely do not.

USMCSTINGER, you need to get your head out of the bat shit crazy con web sites. That is all that you seem to know. Which is another way of saying that you know nothing.

Oh, and by the way, stinger. Your trailer references a quote by a far, far right avowed libertarian economist, Thomas Sowell. Works a whole lot for the CATO Institute, which is a libertarian organization. You know, CATO, the think tank formed and run for years by the Koch bros. And, CATO pays economists and others big time to support their view. Not exactly an impartial source.

 

[EdwardBaiamonte]

The vast majority believe in at least the majority of Keynesian economics.

1) of course that's idiotic. If all believed it we'd have been doing it since Keynes was alive and all our economic problems would be solved.

2) common sense will tell you that when you tax and shrink the private economy and grow the government you harm rather than help economic growth since the government does not invent new products that grow an economy

3) if spending worked we'd he in heaven since government is $16trillion in debt and spending has almost doubled in the last 10 years.