Why tax cuts dont create jobs

[loosecannon]

Again, tax policy alone is not enough to foster a climate favorable to growth. The four pillars are:

- low and fair taxes
- spending controlled at a level that does not exceed tax receipts
- sound monetary policy
- rule of law with a regulatory environment that supports it

Without contrasting the situation among all four variables over the years, the comparisons are not valid.

and yet you make those invalid comparisons in every 5th post.....And your 4 tenets are opinion informed by elitist prejudice, not facts.

 

[cawacko]

because the Rs are holding the country hostage by threatening to filibuster everything else congress does.

Newt and the Republicans threatened to shut down the government and after they did Clinton's approval ratings shot up. If high tax rates are so popular with the people the voters and the polls will kill the Republicans over shutting down Congress. The Democrats need to stand on their principle and fight it.

Neither major has any priniciples they have activists, lobbyists and perks.

Actually they both have principles and that is to win.

 

[william the wie]

Again, tax policy alone is not enough to foster a climate favorable to growth. The four pillars are:

- low and fair taxes
- spending controlled at a level that does not exceed tax receipts
- sound monetary policy
- rule of law with a regulatory environment that supports it

Without contrasting the situation among all four variables over the years, the comparisons are not valid.

and yet you make those invalid comparisons in every 5th post.....And your 4 tenets are opinion informed by elitist prejudice, not facts.

Your diplomatic skills are improving LC. Opinion is a strong term for undefined quantities which at least three of those pillars are.

What tax structure is low and fair?

Besides specie what constitutes sound monetary policy?

Rule of law being determined by what nine justices or unelected regulators say it is is a bit vague.

 

[syrenn]

Some of the best years this country has had had 70 to 90 % tax rates on the 2%

You so love the idea of spending other peoples money dont you.

 

[Sallow]

Communist nations, dictatorships, some monarchies..and most third world nations have no or low tax rates.

 

[CrusaderFrank]

Communist nations, dictatorships, some monarchies..and most third world nations have no or low tax rates.

What was American pre-1913?

 

[hortysir]

Why Tax Cuts Don’t—and Won’t—Create Jobs - Working In These Times


The idea that cutting business and wealthy investors' taxes originated in 1961 with then President John F. Kennedy. But at that time business investment tax cuts were tied to proven job creation. Businesses had to prove they added jobs before they could claim the tax cut. That was changed with Reagan. Now businesses could get the tax credits even if they didn't create jobs. Their taxes were cut even if it meant they reduced jobs. By the time of George W. Bush, businesses could claim tax cuts for investments made offshore. GM cut hundreds of thousands of jobs in the U.S. while adding thousands in China. Ford cut jobs while adding them in St. Petersburg, Russia. Corporations could claim the investment tax cuts, even if jobs were created offshore and simultaneously eliminated in the U.S. In effect, U.S. taxpayers were paying US corporations to send their jobs overseas.

What percentage of jobs are for companies that are in a position to send their work overseas?

^^^^^^^^^^^^^^^^^^^^^^^^
I would really like to hear someone answer this question.

Considering the FACT that more than 80% of American jobs are provided by small business how does large corporations out-sourcing jobs have such an impact on employment figures?
Quit blaming "big corporations".
It's the small businesses, in fear of how much *more* out of pocket they will be from this admin's policies, that are stalling employment growth.

 

[boedicca]

Again, tax policy alone is not enough to foster a climate favorable to growth. The four pillars are:

- low and fair taxes
- spending controlled at a level that does not exceed tax receipts
- sound monetary policy
- rule of law with a regulatory environment that supports it

Without contrasting the situation among all four variables over the years, the comparisons are not valid.

and yet you make those invalid comparisons in every 5th post.....And your 4 tenets are opinion informed by elitist prejudice, not facts.

They are valid, as anyone with a knowledge of economics and history will recognize.

Clearly, you don't qualify.

 

[CrusaderFrank]

I've come to the conclusion that its physically impossible to discuss economics with people who believe that the Federal government IS the US economy

 

[loosecannon]

Again, tax policy alone is not enough to foster a climate favorable to growth. The four pillars are:

- low and fair taxes
- spending controlled at a level that does not exceed tax receipts
- sound monetary policy
- rule of law with a regulatory environment that supports it

Without contrasting the situation among all four variables over the years, the comparisons are not valid.

and yet you make those invalid comparisons in every 5th post.....And your 4 tenets are opinion informed by elitist prejudice, not facts.

They are valid, as anyone with a knowledge of economics and history will recognize.

Clearly, you don't qualify.

It's your opinion, nothing more. In the world in which we actually live one of the most important pillars for economic growth is fluid, abundant credit and obviously an adequate money supply.

 

[loosecannon]

I've come to the conclusion that its physically impossible to discuss economics with people who believe that the Federal government IS the US economy

take it up with boedicca, 3 of her 4 pillars revolve around the government.

 

[Oddball]

Communist nations, dictatorships, some monarchies..and most third world nations have no or low tax rates.

What was American pre-1913?

 

[william the wie]

Pre-1913 America was a high risk/high return society with lower average unemployment rates and more frequent high spikes. ("Historical Statistics of the US" hardcopy compiled by the Census bureau) The tables and explanatory notes are a bit dense but the picture is pretty clear. The higher savings rate needed to survive the periodic panics led to rapid growth and quite a few mostly private market bubbles. The attempts to reduce bubbles have led to lower growth and much stickier unemployment. The lower risk adjusted real returns on savings have led to ever slower recoveries due to increased leverage.