Tax Cuts May Prove Better for Politicians Than for Economy

Discussion in 'Politics' started by loosecannon, Sep 10, 2010.

  1. loosecannon
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    loosecannon Senior Member

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    http://www.nytimes.com/2010/09/11/business/economy/11tax.html?src=busln

    Amen.

    But don't listen to me, I merely predicted nearly everything that would happen to our economy since 2007.

    Listen to yourself, your politicos and your economists who were almost all wrong, wrong wrong!

    And BTW, if you embrace the tax cuts you forfeit your rights to complain about the deficit!

    Capiche?
     
    Last edited: Sep 10, 2010
  2. Oddball
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    Oddball BANNED Supporting Member

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    Bite me.

    The federal gubmint's refusal to control their spending has nothing to do with anyone's rate of taxation.

    Savvy?
     
  3. hipeter924
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    hipeter924 Not a zombie yet

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  4. Toro
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    Toro Diamond Member

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    I don't think its correct to say that tax cuts never work. It depends on the problem. Sometimes tax cuts are the most powerful incentive. However, it appears that much if not most of the tax cuts during the last recession and this one - there have been $223 billion in tax cuts from the stimulus thus far - went into peoples' savings and paying down debt. Essentially, tax cuts have been a transference of debt from individuals to the government.
     
  5. Toro
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    Toro Diamond Member

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    "What if there was a law that average public sectors could be no higher than private sector employees?"

    That's a very liberal idea. Its like the liberal idea of passing a law paying women the same wage for "equal value of equal work" even though jobs are different.
     
  6. loosecannon
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    loosecannon Senior Member

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    at least since Sept 08. Great point.
     
  7. kyzr
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    kyzr Gold Member

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    Very different animals going from the Feds to the State pay scales. States are broke, Feds have unlimited funds. If the Feds are overpaid, the State employees are underpaid. You may want to refine your Law to mandate "Davis-Bacon wages for ALL employees, including CEOs and bonuses.
     
  8. Oddball
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    Oddball BANNED Supporting Member

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    Absolute total nonsense, which presumes, once again, that everything created in the private sector belongs to gubmint first.

    The problem has been and continues to be spending, not finding more, better or "fairer" ways to shake down the productive, to feather the nests of the unproductive.
     
  9. loosecannon
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    loosecannon Senior Member

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    none of which has anything to do with Toro's point.

    If the tax cuts are spent to repay debt then a transference of debt from the individual to the government did indeed occur.

    Why don't you at least rail about something sensible, like if there was no Federal Reserve there would be no debt to repay (or service) no matter how big the deficits were?
     
  10. Toro
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    Toro Diamond Member

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    Cut with the semantics. It presumes nothing. YOU are doing all the presuming. Tax cuts without spending cuts have to financed by debt. Period. Full-stop. Debt markets don't give a shit about pedantic philosophizing.
     
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    Last edited: Sep 11, 2010

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