Republicans: why raising taxes on the wealthy is good for the economy

Billy000

Democratic Socialist
Joined
Nov 10, 2011
Messages
25,149
Reaction score
6,099
Points
290
Location
Colorado
Great article. All should read.

Taxing the rich is good for the economy Marketplace.org

"One of the most pernicious economic falsehoods you'll hear during the next seven months of political campaigning is there's a necessary tradeoff between fairness and growth. By this view, if we raise taxes on the wealthy the economy can't grow as fast.

Wrong. Taxes were far higher on top incomes in the three decades after World War II than they've been since. And the distribution of income was far more equal. Yet the American economy grew faster in those years than it's grown since tax rates were slashed in 1981.

This wasn't a post-war aberration. Bill Clinton raised taxes on the wealthy in the 1990s, and the economy produced faster job growth and higher wages than it did after George W. Bush slashed taxes on the rich in his first term.

If you need more evidence, consider modern Germany, where taxes on the wealthy are much higher than they are here and the distribution of income is far more equal. But Germany's average annual growth has been faster than that in the United States.

You see, higher taxes on the wealthy can finance more investments in infrastructure and education, which are vital for growth and the economic prospects of the middle class.

Higher taxes on the wealthy also allow for lower taxes on the middle -- potentially restoring enough middle class purchasing power to keep the economy going."
 
OP
Billy000

Billy000

Democratic Socialist
Joined
Nov 10, 2011
Messages
25,149
Reaction score
6,099
Points
290
Location
Colorado
Simply because we can use the money to build infrastructure, fund our science programs and support the best r&d! Plus, we can pay our police better ;) The right wants something for nothing, while kissing the 1% ass.
The right is so blinded by keeping as much of their income as they can they fail to see the importance of revenue. They don't even realize it makes them mooches for not wanting to cough up money to pay for public schools, infrastructure, and our badass military.
 

The Rabbi

Diamond Member
Joined
Sep 16, 2009
Messages
67,734
Reaction score
7,917
Points
1,840
Location
Nashville
Gawd I feel like I've stumbled into a moron's convention.
Yeah, discouraging people from working is a great formula for growth. It's worked well in France, Maryland, and California.
Another Billy Zip troll thread where he tells anyone who disagrees they're stupid. Until the evidence is overwhelming he is stupid and he abandons the thread.
 

The Rabbi

Diamond Member
Joined
Sep 16, 2009
Messages
67,734
Reaction score
7,917
Points
1,840
Location
Nashville
Simply because we can use the money to build infrastructure, fund our science programs and support the best r&d! Plus, we can pay our police better ;) The right wants something for nothing, while kissing the 1% ass.
The right is so blinded by keeping as much of their income as they can they fail to see the importance of revenue. They don't even realize it makes them mooches for not wanting to cough up money to pay for public schools, infrastructure, and our badass military.
You are truly the dumbest of the dumb here.
The high income earners pay over 100% of income taxes in this country. The bottom 47% of wage earners pay no income tax at all. Who is the moocher here?
 

bear513

Diamond Member
Joined
Apr 21, 2012
Messages
64,556
Reaction score
12,317
Points
2,180
God damn Matthew and billy out together couldn't figure out how to change a lightbulb
 

Brain357

Platinum Member
Joined
Mar 30, 2013
Messages
36,380
Reaction score
3,867
Points
1,130
Great article. All should read.

Taxing the rich is good for the economy Marketplace.org

"One of the most pernicious economic falsehoods you'll hear during the next seven months of political campaigning is there's a necessary tradeoff between fairness and growth. By this view, if we raise taxes on the wealthy the economy can't grow as fast.

Wrong. Taxes were far higher on top incomes in the three decades after World War II than they've been since. And the distribution of income was far more equal. Yet the American economy grew faster in those years than it's grown since tax rates were slashed in 1981.

This wasn't a post-war aberration. Bill Clinton raised taxes on the wealthy in the 1990s, and the economy produced faster job growth and higher wages than it did after George W. Bush slashed taxes on the rich in his first term.

If you need more evidence, consider modern Germany, where taxes on the wealthy are much higher than they are here and the distribution of income is far more equal. But Germany's average annual growth has been faster than that in the United States.

You see, higher taxes on the wealthy can finance more investments in infrastructure and education, which are vital for growth and the economic prospects of the middle class.

Higher taxes on the wealthy also allow for lower taxes on the middle -- potentially restoring enough middle class purchasing power to keep the economy going."
While I think our growing inequality is the reason for our slow economy, I'm not sure higher taxes on the rich are the way to fix that. What we need is a tax system that benefits businesses that pay living wages and employ here in the states. If a company pays little and/or imports everything they pay high taxes. If a company gives good wages and employs here in the states they get big tax breaks. Or maybe we do have to raise the minimum wage. I don't however think giving more money to the government is the way to do it.
 

martybegan

Diamond Member
Joined
Apr 5, 2010
Messages
57,202
Reaction score
13,661
Points
2,190
Simply because we can use the money to build infrastructure, fund our science programs and support the best r&d! Plus, we can pay our police better ;) The right wants something for nothing, while kissing the 1% ass.
The right is so blinded by keeping as much of their income as they can they fail to see the importance of revenue. They don't even realize it makes them mooches for not wanting to cough up money to pay for public schools, infrastructure, and our badass military.
So the 50% of the people that pay no federal income taxes are mooches?

Good to know.
 

zeke

Gold Member
Joined
Feb 5, 2012
Messages
8,272
Reaction score
1,113
Points
190
The high income earners pay over 100% of income taxes in this country. The bottom 47% of wage earners pay no income tax at all. Who is the moocher here?

Hey rabbit, I am one of those "high earners" that pays taxes. You are one of those that get the EIC or worse, you earn no payroll to tax at all.

I sure as hell don't need an asshole like you worrying about my taxes. Maybe you could try and get a job and contribute to the country. Buy paying SOME taxes.
 

Dragonlady

Designing Woman
Joined
Dec 1, 2012
Messages
29,725
Reaction score
11,696
Points
910
Location
Niagara Escarpment
The US and Russia are now the only conservative countries left in the world and their economies are the ones which are struggling. The oligarchs are fine, the rest, not so much.

And yet the Rabbit and others continue to cling to failed Republican economic policies.

Canada now has the fastest growing middle class in the world and yet our taxes are so much higher than yours.
 

Roadrunner

Roadrunner
Joined
May 6, 2013
Messages
14,126
Reaction score
2,754
Points
290
Location
USA
Great article. All should read.

Taxing the rich is good for the economy Marketplace.org

"One of the most pernicious economic falsehoods you'll hear during the next seven months of political campaigning is there's a necessary tradeoff between fairness and growth. By this view, if we raise taxes on the wealthy the economy can't grow as fast.

Wrong. Taxes were far higher on top incomes in the three decades after World War II than they've been since. And the distribution of income was far more equal. Yet the American economy grew faster in those years than it's grown since tax rates were slashed in 1981.

This wasn't a post-war aberration. Bill Clinton raised taxes on the wealthy in the 1990s, and the economy produced faster job growth and higher wages than it did after George W. Bush slashed taxes on the rich in his first term.

If you need more evidence, consider modern Germany, where taxes on the wealthy are much higher than they are here and the distribution of income is far more equal. But Germany's average annual growth has been faster than that in the United States.

You see, higher taxes on the wealthy can finance more investments in infrastructure and education, which are vital for growth and the economic prospects of the middle class.

Higher taxes on the wealthy also allow for lower taxes on the middle -- potentially restoring enough middle class purchasing power to keep the economy going."
Why in the Hell should taxes be further lowered on the fuckin' middle class?

Middle class voted these fuckers into office for the past 50 years, watched as $20 trillion was borrowed to fund social programs aimed at ensuring domestic tranquillity, and now, they want off the hook for their fair share of the Great Society?

That is fucking bullshit.

When a country is $20 trillion in debt, EVERYONE needs their taxes raised, and if they have no money, they need to pay in labor.
 

Roadrunner

Roadrunner
Joined
May 6, 2013
Messages
14,126
Reaction score
2,754
Points
290
Location
USA
Simply because we can use the money to build infrastructure, fund our science programs and support the best r&d! Plus, we can pay our police better ;) The right wants something for nothing, while kissing the 1% ass.
The right is so blinded by keeping as much of their income as they can they fail to see the importance of revenue. They don't even realize it makes them mooches for not wanting to cough up money to pay for public schools, infrastructure, and our badass military.
So the 50% of the people that pay no federal income taxes are mooches?

Good to know.
Of course they are.

WTF else do you call free riders?
 

zeke

Gold Member
Joined
Feb 5, 2012
Messages
8,272
Reaction score
1,113
Points
190
So the 50% of the people that pay no federal income taxes are mooches?


You got it backwards dude. The 50% you claim pays no taxes are poor.

The very rich that pay significant taxes are greedy. And if they had their way, would mooch even more whenever they can. For instance, the ultra rich have convinced not very smart people like you, bear, rabbit and whatever other animal we have on here, that the rich are looking out for you. And if that could only keep most of their millions or billions of dollars, that their wealth would trickle down on your head like warm piss and make you feel so good.

Hope that helps with your confusion. But it's all bullshit. You should be an advocate for what you are; a middle class person with no chance to make it to the "ultra wealthy" class that you worship so regularly.
 

zeke

Gold Member
Joined
Feb 5, 2012
Messages
8,272
Reaction score
1,113
Points
190
Why in the Hell should taxes be further lowered on the fuckin' middle class?

Hey dude, when the income and the net worth of the lower and middle classes have the same proportionate increases as the wealthy and the ultra wealthy have had over the past few years, then talk about raising taxes on the middle class.

When you think the middle will see those big gains in income and net worth?
 

martybegan

Diamond Member
Joined
Apr 5, 2010
Messages
57,202
Reaction score
13,661
Points
2,190
So the 50% of the people that pay no federal income taxes are mooches?


You got it backwards dude. The 50% you claim pays no taxes are poor.

The very rich that pay significant taxes are greedy. And if they had their way, would mooch even more whenever they can. For instance, the ultra rich have convinced not very smart people like you, bear, rabbit and whatever other animal we have on here, that the rich are looking out for you. And if that could only keep most of their millions or billions of dollars, that their wealth would trickle down on your head like warm piss and make you feel so good.

Hope that helps with your confusion. But it's all bullshit. You should be an advocate for what you are; a middle class person with no chance to make it to the "ultra wealthy" class that you worship so regularly.
They get services they don't pay for. They get subsidized by people like me and people who make more than me. And any time people talk about taxing the super rich, somehow my taxes go up as well.

The simple fact is you can't base a tax system on just going after the "1%" because there simply isn't enough income to make a huge difference.

Unless you talk about taxing wealth, and that is basically confiscation.

And you calling out people like me for "worshiping" the rich is comical, considering your daily posts that are nothing but the written equivalent of you getting on your knees and slurping off big government any chance you get.

Do you use mouthwash when you are done?
 

zeke

Gold Member
Joined
Feb 5, 2012
Messages
8,272
Reaction score
1,113
Points
190
And you calling out people like me for "worshiping" the rich is comical, considering your daily posts that are nothing but the written equivalent of you getting on your knees and slurping off big government any chance you get.


Hey fuckhead. You the dick sucker of the ultra wealthy and you know it.

But tell you what. Find a post where I say that I personally am receiving some sort of government benefit that YOU don't receive?

When you can't do that, please take my advice sincerely and go fuck yourself.
 

Brain357

Platinum Member
Joined
Mar 30, 2013
Messages
36,380
Reaction score
3,867
Points
1,130
Great article. All should read.

Taxing the rich is good for the economy Marketplace.org

"One of the most pernicious economic falsehoods you'll hear during the next seven months of political campaigning is there's a necessary tradeoff between fairness and growth. By this view, if we raise taxes on the wealthy the economy can't grow as fast.

Wrong. Taxes were far higher on top incomes in the three decades after World War II than they've been since. And the distribution of income was far more equal. Yet the American economy grew faster in those years than it's grown since tax rates were slashed in 1981.

This wasn't a post-war aberration. Bill Clinton raised taxes on the wealthy in the 1990s, and the economy produced faster job growth and higher wages than it did after George W. Bush slashed taxes on the rich in his first term.

If you need more evidence, consider modern Germany, where taxes on the wealthy are much higher than they are here and the distribution of income is far more equal. But Germany's average annual growth has been faster than that in the United States.

You see, higher taxes on the wealthy can finance more investments in infrastructure and education, which are vital for growth and the economic prospects of the middle class.

Higher taxes on the wealthy also allow for lower taxes on the middle -- potentially restoring enough middle class purchasing power to keep the economy going."
Why in the Hell should taxes be further lowered on the fuckin' middle class?

Middle class voted these fuckers into office for the past 50 years, watched as $20 trillion was borrowed to fund social programs aimed at ensuring domestic tranquillity, and now, they want off the hook for their fair share of the Great Society?

That is fucking bullshit.

When a country is $20 trillion in debt, EVERYONE needs their taxes raised, and if they have no money, they need to pay in labor.
We also spend more on defense than the next 10 countries combined. I don't think either voting option has done much to lower spending.
 

LordBrownTrout

Diamond Member
Joined
Nov 25, 2007
Messages
32,462
Reaction score
11,780
Points
1,400
Location
South Texas Republic
Gawd I feel like I've stumbled into a moron's convention.
Yeah, discouraging people from working is a great formula for growth. It's worked well in France, Maryland, and California.
Another Billy Zip troll thread where he tells anyone who disagrees they're stupid. Until the evidence is overwhelming he is stupid and he abandons the thread.
You have stumbled into one. It's best to get out of here before you start losing IQ points.
 

martybegan

Diamond Member
Joined
Apr 5, 2010
Messages
57,202
Reaction score
13,661
Points
2,190
And you calling out people like me for "worshiping" the rich is comical, considering your daily posts that are nothing but the written equivalent of you getting on your knees and slurping off big government any chance you get.


Hey fuckhead. You the dick sucker of the ultra wealthy and you know it.

But tell you what. Find a post where I say that I personally am receiving some sort of government benefit that YOU don't receive?

When you can't do that, please take my advice sincerely and go fuck yourself.
Awww, Zeke has a sadz.

The real point is that all these big old taxes on the rich mostly go to making government bigger, giving more worthless drones (usually friends of the wealthy) cushy government jobs,and not reducing YOUR taxes ONE FUCKING CENT. The government hands out a little chicken feed to the poor to keep their votes firmly statist, and in the end, the money still isn't enough, and they have to COME AFTER OUR MONEY, because that's where most of it is.

And you are too fucking dense to see that, because all you have on your one track mind, is FUCK THE RICH.
 

Most reactions - Past 7 days

Forum List

Top