Trumka: All we need is to raise taxes to create jobs

Discussion in 'Current Events' started by Stephanie, Feb 27, 2011.

  1. Stephanie
    Offline

    Stephanie Diamond Member Supporting Member

    Joined:
    Jul 11, 2004
    Messages:
    70,236
    Thanks Received:
    10,818
    Trophy Points:
    2,040
    Ratings:
    +27,360
    here you go folks, this is THE UNIONS answer for all our economic woes. This thug has the ear of the Obama. how scary is that?

    posted at 2:00 pm on February 27, 2011 by Bruce McQuain
    printer-friendly If ever there was an example of the complete cluelessness much of the left commonly displays when it comes to economic matters, the AFL-CIO’s (and Obama advisor) Richard Trumka provides it:
    http://finance.yahoo.com/tech-ticker/afl-cio-chief-raising-taxes-will-create-more-job-535955.html?

    What’s the best way to get Americans back to work?

    Raise taxes, according to AFL-CIO President Richard Trumka. Specifically, he wants to raise the federal gas tax as a means to fund infrastructure spending. “We need a dedicated source of revenue to create infrastructure in this country,” he tells Aaron Task in the accompanying clip.

    “We need to create jobs. The best way to do that is through infrastructure development.” Simply maintaining the existing infrastructure in this country will cost $2.2 trillion over five years, according to the American Society of Civil Engineers. That doesn’t include Obama’s objective of high-speed rails and green energy projects.

    So, to sum up, raise one of the most regressive taxes there is (it hits the poor the hardest at the gas pump because they end up having to pay a larger portion of their disposable income for gasoline) and declare this will help “create jobs”.

    What it will actually do, if that were to occur, is create more union jobs. And if the poor have to cut back on food or shelter, well, you know, a few eggs have to be cracked to make an omelet. The key to economic recovery, per Trumka, is government created jobs with money taken from taxpayers who just might have a much different priority for it. It calls for another “new revenue stream”. And he has no qualms at all laying claim to your dollars to fund his nonsense.

    Trumka didn’t say specifically how much he would raise the gas tax, but mentioned he’s shown the President a $256 billion plan to improve infrastructure. If every billion spent on infrastructure creates 35,000 jobs, as he claims, this package would create close to 9 million jobs over the next five years.

    The idea would also improve America’s fiscal and competitive future, says Trumka. “There’s also a downstream effect, you put people back to work, they pay taxes, they don’t use services, they’re contributing, other jobs are created along the way as well,” he explains.

    Fantasy. A) it is, as usual, the left’s answer to everything – tax and spend. Someone tell Mr. Trumka that it is precisely that mindset that the majority of Americans have rejected. B) it assumes something not in evidence. We just spent over $800 billion on “infrastructure” – look around you, did you see the unemployment rate dip significantly or go up? C) after the stimulus was spent there has apparently been no down-stream effect for jobs, service use is up and tax revenue is down.

    If Trumka’s solution had any credibility, unemployment would be down below 8% (that was the promise, remember – spend the money on infrastructure and see jobs created) and we’d be riding the recovery train. We have a million little signs up everywhere in America right now touting infrastructure projects – and the unemployment rate?

    read it all here.
    Trumka: All we need is to raise taxes to create jobs « Hot Air
     
    Last edited: Feb 27, 2011
  2. Toronado3800
    Offline

    Toronado3800 VIP Member

    Joined:
    Nov 15, 2009
    Messages:
    3,572
    Thanks Received:
    274
    Trophy Points:
    85
    Ratings:
    +355
    Well, every $ spent on contracts to improve infrastructure in America to make us more efficient isn't spent on Kia's or DVD players from Asia.

    There is a cost of monetary delay with taxes and of course you can't just build new highways to enable further white flight, you must spend the money well.
     
  3. Mad Scientist
    Offline

    Mad Scientist Deplorable Gold Supporting Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    23,940
    Thanks Received:
    5,212
    Trophy Points:
    270
    Ratings:
    +7,684
    "Dedicated Source of Revenue" = Taxpayers.
     
  4. 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
    Stephanie you are wholly unqualified to speak on behalf of unions.

    Telling us what you think THEY think is silly beyond understanding.

    Speak for yourself and let those who disagree with your POV speak for themselves.

    You'll understand your world far better if you follow that caveat.
     
  5. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    We had much better emplyment numbers when we had higher taxes.

    The proof is in the real history.
     
  6. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,837
    Thanks Received:
    12,787
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,866
    TM and her historical and economic illiteracy on parade.

    The high tax rates in the past were on income levels that were in the multi $ million range when adjusted for inflation.

    Top US Marginal Income Tax Rates, 1913--2003 (TruthAndPolitics.org)

    And despite the rate, tax receipts remain in fairly narrow range of GDP. High rates discourage economic participation and tax avoidance, so all they actually accomplish is to slow economic growth.

    [​IMG]

    Tax Revenue as a Fraction of GDP | Department of Numbers
     
  7. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233

Share This Page