The ultimate vindication of Republican supply-side economics

Discussion in 'Economy' started by EdwardBaiamonte, Feb 21, 2012.

  1. EdwardBaiamonte
    Offline

    EdwardBaiamonte Gold Member

    Joined:
    Nov 23, 2011
    Messages:
    27,605
    Thanks Received:
    1,132
    Trophy Points:
    205
    Ratings:
    +3,065
    Our economy would boom if BO eliminated the corporate tax altogether as Ireland proved by just lowering it. Its the ultimate vindication of supply-side economics.
     
    • Thank You! Thank You! x 1
  2. PoliticalChic
    Offline

    PoliticalChic Diamond Member

    Joined:
    Oct 6, 2008
    Messages:
    55,878
    Thanks Received:
    15,686
    Trophy Points:
    2,190
    Location:
    Brooklyn, NY
    Ratings:
    +25,029
    Your premise is exactly the part of Cain's 9-9-9 plan that seems intuitive to me.....
     
  3. EdwardBaiamonte
    Offline

    EdwardBaiamonte Gold Member

    Joined:
    Nov 23, 2011
    Messages:
    27,605
    Thanks Received:
    1,132
    Trophy Points:
    205
    Ratings:
    +3,065
    The great irony is that Democrats cant eliminate the destructive tax because their base has been brainwashed by Marxism to hate corporations and to at least punish them with taxes
     
  4. starcraftzzz
    Offline

    starcraftzzz Senior Member

    Joined:
    Feb 14, 2012
    Messages:
    2,263
    Thanks Received:
    120
    Trophy Points:
    48
    Ratings:
    +120
    Ireland currenly has 15% unemployment and a economy that is 15% below its peak and its still in recession, not to menion America already has one fo the lowers corporate taxes sin the world.
    But dont let facts get in the way of conservative stupidity
     
    • Thank You! Thank You! x 3
  5. EdwardBaiamonte
    Offline

    EdwardBaiamonte Gold Member

    Joined:
    Nov 23, 2011
    Messages:
    27,605
    Thanks Received:
    1,132
    Trophy Points:
    205
    Ratings:
    +3,065
    Actually, Europe is in recession because of financial crisis, not because of low Irish corporate taxes. OMG!!


    Actually even BO, the world's champion of high taxes , called for lowering the rate to competitive levels in the State of the Union



    see why we are positive a liberal will be slow? What other conclusion is possible. Please, I'm begging you, tell me?
     
  6. itfitzme
    Offline

    itfitzme VIP Member

    Joined:
    Jan 29, 2012
    Messages:
    4,580
    Thanks Received:
    184
    Trophy Points:
    83
    Location:
    United States
    Ratings:
    +193
    Sometimes, we run across something that is simply self explanatory. No manner of explanation should be necessary to explain why this is an insane reply.

    It is simply some form of mental illness. It is some sort of disconnect from reality that is simply inconceivable to people of normal reason. It seems, sometimes, that they are attracted to the Republican party.

    It begins with that he knows that lowering business taxes must result in increase in hiring. Everything follows from that. Even the completely insane response, "Europe is in recession because of financial crisis, not because of low Irish corporate taxes."

    It is a complete non-sequiter.

    50% of adults have a below average IQ, reading level, and grasp on reality. They are capable of using language, but there is something structurally wrong with their brain. By definition of average, this is factual. So you have to wonder, where are those 50%?

    I've seen this with someone that suffered brain damage due to an automobile collision. The recollection of events has no bearing on what actually happened. Instead, the driving force is the feeling of what must be true. Frontal lobe damage disconnected the feedback.

    Thought begins in the thalamus and hippo-campus which organizes memory. The cerebral cortex, that big part of the head above the eyebrows, then further processes the information.

    Without the higher order processing, the past is picked through, parts of events are strung together, skipping what which doesn't fit the predetermined "truth". Higher order reasoning doesn't apply. The cerebral cortex doesn't take precedence in thinking, rather it is used to validate and support the emotional reasoning, if it is used at all.

    It can also be due to a chemical imbalance, or sever emotional trauma in childhood.

    This is why he sees no problem with replying "Europe is in recession because of financial crisis, not because of low Irish corporate taxes." To him, this response makes total sense.

    You and I cannot understand how he got there, how that is suppose to make sense. It doesn't have logic and reason to it. It is simply the response, and the way to string the words together, that elicit the feeling he needs to maintain.

    There is no higher order reasoning or imagery. Stringing the words together into a sentence is sufficient. He hears them, and they make total sense to him. There is no error checking, no external feedback.

    You can tell he has cut off external feedback by his labeling and rejection of anything that doesn't support his insanity. At least half of his statements are nothing more than subjective emotional responses, "Democrats", "destructive", "brainwashed", "Marxism", "hate", "punish" , "liberal", "slow". They are all words that apply a subjective quality but no objective measure. They have feeling for him.

    The fact that Ireland has 15% unemployment and a economy that is 15% below its peak is an objective measure. That is just as well rejected because it is external feedback.

    :cuckoo:

    Notice the difference between that and how we see it.

    Time 0: unknown cause Time 1: Global recession. Time 2: Ireland has 15% unemployment and 85% utilization Time 3: Ireland lowers corporate taxes Time 4: Ireland has 15% unemployment and 85% utilization.

    Something caused a global recession. This led to 85% utilization in Ireland. This led to Ireland lowering taxes. This hasn't changed anything. No vindication. If employment rises globally, including Ireland, it won't be vindication because of a lack of correlation.

    Yes sir, you are looking at some sort of mental illness. Isn't it morbidly interesting? Doesn't it make you just shake your head, slowly back away, then run screaming for the hills? It is the exact correct response.
     
  7. itfitzme
    Offline

    itfitzme VIP Member

    Joined:
    Jan 29, 2012
    Messages:
    4,580
    Thanks Received:
    184
    Trophy Points:
    83
    Location:
    United States
    Ratings:
    +193
    It also makes intuitive sense to someone that

    -the world is flat. If it was round and spinning, we would all fly off into space.

    -earth is the center of the universe and the sun, planets and stars revolve around it.

    -witches don't drown so if you hold a person under water and they drown, they are not a witch.

    -time flows exactly the same no matter where we are or how fast you are moving.

    -all numbers can be represented by a fraction.

    -that if you raise the price of something, you will make less money because you sell less.

    -that a house which lists for $990,000 will sell more quickly then one that lists for $1,000,000.

    -that you are saving money when you buy things on sale.

    -that Thor, the god of lightning, throws bolts of lighting at the ground to punish people.

    -if you sacrifice a goat to the gods or do a rain dance, then the gods will bring rain and your crops will flourish.

    -that the cold feeling that you get in an old house is a ghost.

    -that clouds are full of helium.

    -that Friday the 13th is an unlucky day.

    -that the slot machine is "due" to pay off.

    History and life is full of "intuitive" things that are absolutely incorrect.

    This is why logic and reasoning skills were developed, are taught, and have to be practiced. Because "intuition" doesn't lead to sound conclusions.

    Cain's plan was 9-9-9-0. He left out the zero part. The zero part is his tax rate on capital gains. Cain makes the majority of his income from capital gains.

    When a company has customers that want to buy stuff, they then hire someone to do the work, sell the produce and collect the money, they pay the person two weeks after they were hired.

    If a company has demand that is untapped, they borrow money, called leverage, so that they can invest in capital equipment or materials. This works when there is excess demand. It doesn't work when the economy is at full output. It doesn't work when the economy is floundering at the bottom with high unemployment.
     
  8. idb
    Offline

    idb Gold Member

    Joined:
    Dec 26, 2010
    Messages:
    10,559
    Thanks Received:
    1,154
    Trophy Points:
    245
    Location:
    Arrowtown, New Zealand
    Ratings:
    +2,801
    Pardon?
     
  9. idb
    Offline

    idb Gold Member

    Joined:
    Dec 26, 2010
    Messages:
    10,559
    Thanks Received:
    1,154
    Trophy Points:
    245
    Location:
    Arrowtown, New Zealand
    Ratings:
    +2,801
    I thought the average effective corporate tax rate was only around 17% in the US.
    Have I been misinformed?

    Ireland may not be the best example you could have used.
     
  10. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,618

    :lol:


    We're enjoying the outcome of about 30 years of supply-sider economic policies, right now, Champ.

    How that' worked out for us since 2007?
     
    • Thank You! Thank You! x 1

Share This Page

Search tags for this page

heritage foundation did president clinton implament the same supply side econmics as reagan did yes or no