Study: Tax Cuts for the Rich Don't Spur Growth

Discussion in 'Economy' started by kidrocks, Sep 17, 2012.

  1. kidrocks
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    kidrocks Gold Member

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    Another blow to the 'trickle-down' propaganda crap we've been subjected for decades now. Wise up people. Read and learn and educate thyself.



    Study: Tax Cuts for the Rich Don't Spur Growth - Yahoo! Finance

     
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  2. DiamondDave
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    DiamondDave Army Vet

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    Oooooooo.. Left Winger Robert Frank....

    Next you'll tell me Michael Savage is an unbiased source too... of wait, you won't do that because he is a winger from the other side... only your wingers are supposed to be 'factual'

    :rolleyes:
     
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  3. eflatminor
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    eflatminor Classical Liberal

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    By this logic, tax rate increases do not spur growth either. You arguing to keep tax rates exactly where they are? Or is this just another class warfare tactic you're advocating?
     
  4. kiwiman127
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    kiwiman127 Comfortably Moderate Supporting Member

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    Here's the link to the Congressional Research Service's report that clearly shows tax cuts don't lead to economic growth. By the way. the Congressional Research Service is a non-partisan think tank for Congress!
    Promised link: http://graphics8.nytimes.com/news/business/0915taxesandeconomy.pdf

    Well there goes the main theme of the R & R plan to the economy going, down the drain. It's Bullshit!
     
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  5. VaYank5150
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    VaYank5150 Gold Member

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    ....I am sure he meant to call them "the job creators"...
     
  6. Sinjorri
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    Sinjorri Senior Member

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    all together now "class warfare" which pretty much means envy thy neighbor instead of being grateful for what u have. if he has a mercedes, you need a mercedes, if he has a pretty wife, you need a prettier wife.


    libs, hating what others have and causing friction to get theirs.
     
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  7. Murf76
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    Murf76 Senior Member

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    You know what's really fucking pathetic about uncoupling the tax cuts and raising taxes on the wealthy? Obama presents it a the panacea for fixing all our economic woes, but it would only raise a measly 28 billion. That's a drop in the bucket next to what he spends.
     
  8. waltky
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    waltky Wise ol' monkey Supporting Member

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    Drought cuts GDP...
    :confused:
    US economy grows less than thought
    27 September 2012 - Large parts of the US have been affected by droughts this year
     
  9. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Wonder how they explain the economic growth we got from 2003-2007 from the Bush tax cuts? Or the economc boom that followed the Reagan cuts in the early 1980s. I would also say that the economic growth we had under Clinton was not due to his tax hikes but rather inspite of them. But - we didn't really need the Gingrich tax cuts, the economy was doing fine.
     
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  10. auditor0007
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    auditor0007 Gold Member

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    What it means is that tax rates have very little to do with economic growth, period. Lower tax rates cuts revenue and raising them increases revenue, but neither does much for the economy. The big argument is that we have to cut taxes to grow the economy, because if you overtax people, especially those job creators, you know, the real wealthy ones, they'll stop trying to make money.

    When you really think about it, that is one of the dumbest ideas going. People who want to make money will do whatever is necessary to make money. People who want to grow businesses will do so regardless of the money. Yes, they want to make more, but many of these people are more interested in the success of their business. Personal income is secondary to the life of the business. This doesn't mean we should tax the crap out of people, but it's time to start being realistic. Tax rates are at their lowest level in over 60 years. People are not being overtaxed.
     

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