Tax cuts cause recessions, or booms of the economy?

[BluesLegend]

Riiiight because giving government more of OUR money to piss away on stupid shit is a good idea. /sarcasm

 

[danielpalos]

Riiiight because giving government more of OUR money to piss away on stupid shit is a good idea. /sarcasm

it should be Moral to merely and only Tax the Rich, into Heaven.

 

[Toddsterpatriot]

I'm going to go more with the former, than the latter.

Hoover cut taxes BAM the great depresssion of 1929.

Reagan cut taxes BAM the recession of 1982.

W. Bush cut taxes BAM the Great recession of 2007.


It seems there's absolutely no evidence that cutting taxes does much of anything positive for the economy.

It seems quite the opposite, we have more evidence that cutting taxes cause recessions.

Which could make a ton of sense, considering when the rich get tax cuts, they tend to buy up housing investments, and stocks causing a inflated market, which bursts into a bad economy AKA Bust & Boom cycle.



Even Libertarians like Austrian economist Hayek have spoken of Bust & Boom cycle, by Hayek's own account he theorized that cutting interest rates inflated the market investment, forming a Bust & Boom cycle.

Now, expland that to NOT JUST cutting interest rates, but also cutting taxes, and you're having very similar over-inflation of the market.

BAM?
No mention of the mechanism?
Or the time frame?

Recessions happen. Tax cuts or not.

We could just as easily say, SobieskiSavedEurope says something really ******* stupid, BAM recession.

It seems there's absolutely no evidence that cutting taxes does much of anything positive for the economy.

Only if you're blind.
Tax cuts in the 1920s, 1960s and 1980s all lead to strong economic growth.

Hoover cut taxes BAM the great depresssion of 1929.

Hoover never cut taxes.
​

Taxes were cut a ton before the Great Depression, basically every recession & depression HAPPENED right after tax cuts.

Republicans have these theories, that just don't work in practice.

Kind of like Commies have these theories, that also just don't work in practice.

basically every recession & depression HAPPENED right after tax cuts.

Right after?

Can you be a little more precise with your theory?

 

[BluesLegend]

If only that were a fact, it's actually more of a fact that Trump's America is seeing a very slight decline in real wages, because inflation has sky-rocketed.

Stop using the official Dem party sour grapes calculator. The increase in wages and salaries is at a 10 year high, pushed higher by record unemployment. The economy is so hot inflation is on the rise, the Fed is cooling it off with interest rate hikes. We are returning to a healthy, normal economy after suffering through Obama's 8 years of stagnation.

 

[Thinker101]

no---basic chemistry and optics. -----I gave up after integral
calculus and -----organic chemistry-----the phrase quantum
theory intimidated me------as did ECONOMICS

i was blessed with a large vocabulary instead of a large penis.

Hmm, too bad some common sense wasn't thrown in.

just WHERE should it (common sense) have been thrown (or inserted?)

Into Daniels little head?

whatever shall i do, if she convinces me.

Grin and bear it, some common sense would be good for you.

 

[Toddsterpatriot]

I'm going to go more with the former, than the latter.

Hoover cut taxes BAM the great depresssion of 1929.

Reagan cut taxes BAM the recession of 1982.

W. Bush cut taxes BAM the Great recession of 2007.


It seems there's absolutely no evidence that cutting taxes does much of anything positive for the economy.

It seems quite the opposite, we have more evidence that cutting taxes cause recessions.

Which could make a ton of sense, considering when the rich get tax cuts, they tend to buy up housing investments, and stocks causing a inflated market, which bursts into a bad economy AKA Bust & Boom cycle.



Even Libertarians like Austrian economist Hayek have spoken of Bust & Boom cycle, by Hayek's own account he theorized that cutting interest rates inflated the market investment, forming a Bust & Boom cycle.

Now, expland that to NOT JUST cutting interest rates, but also cutting taxes, and you're having very similar over-inflation of the market.

BAM?
No mention of the mechanism?

I didn't mention the mechanism??

Oh I did in fact, I theorized that Tax-Cuts cause inflated markets such as in Housing & Stock which cause BOOM & BUST cycle.

That's kind of what happened with W. Bush, No?

I theorized that Tax-Cuts cause inflated markets such as in Housing & Stock which cause BOOM & BUST cycle.

So that would mean there were no Boom & Bust cycles when taxes were not cut.
No Boom & Bust cycles before the income tax existed.
And that every time housing declines or stocks decline, there was a bust.
Post your proof.

 

[BluesLegend]

It should not take 40% of every dollar I earn to govern a damn country.

 

[mudwhistle]

I'm going to go more with the former, than the latter.

Coolridge cut taxes BAM the great depresssion of 1929.

Reagan cut taxes BAM the recession of 1982.

W. Bush cut taxes BAM the Great recession of 2007.


It seems there's absolutely no evidence that cutting taxes does much of anything positive for the economy.

It seems quite the opposite, we have more evidence that cutting taxes cause recessions.

Which could make a ton of sense, considering when the rich get tax cuts, they tend to buy up housing investments, and stocks causing a inflated market, which bursts into a bad economy AKA Boom & Bust cycle.



Even Libertarians like Austrian economist Hayek have spoken of Boom & Bust cycle, by Hayek's own account he theorized that cutting interest rates inflated the market investment, forming a Boom & Bust cycle.

Now, expland that to NOT JUST cutting interest rates, but also cutting taxes, and you're having very similar over-inflation of the market.

Obama cut taxes, BAM, lackluster economy.
Trump cut taxes, BAM, booming economy.

Seems the moral to this story is there's a whole lot more going on than just taxes.
Obama added a bunch of regulations, BAM, lackluster economy.
Trump dumped a bunch of regulations, BAM booming economy.

If only that were a fact, it's actually more of a fact that Trump's America is seeing a very slight decline in real wages, because inflation has sky-rocketed.

You really need to post references with your claims.

 

[danielpalos]

It should not take 40% of every dollar I earn to govern a damn country.

You must not be rich enough. The truly rich are making money not losing money.

 

[BluesLegend]

It should not take 40% of every dollar I earn to govern a damn country.

You must not be rich enough. The truly rich are making money not losing money.

I haven't lost money in decades fool, what the hell are you blabbering about?

 

[Wyatt earp]

I'm going to go more with the former, than the latter.

Hoover cut taxes BAM the great depresssion of 1929.

Reagan cut taxes BAM the recession of 1982.

W. Bush cut taxes BAM the Great recession of 2007.


It seems there's absolutely no evidence that cutting taxes does much of anything positive for the economy.

It seems quite the opposite, we have more evidence that cutting taxes cause recessions.

Which could make a ton of sense, considering when the rich get tax cuts, they tend to buy up housing investments, and stocks causing a inflated market, which bursts into a bad economy AKA Bust & Boom cycle.



Even Libertarians like Austrian economist Hayek have spoken of Bust & Boom cycle, by Hayek's own account he theorized that cutting interest rates inflated the market investment, forming a Bust & Boom cycle.

Now, expland that to NOT JUST cutting interest rates, but also cutting taxes, and you're having very similar over-inflation of the market.

BAM?
No mention of the mechanism?
Or the time frame?

Recessions happen. Tax cuts or not.

We could just as easily say, SobieskiSavedEurope says something really ******* stupid, BAM recession.

It seems there's absolutely no evidence that cutting taxes does much of anything positive for the economy.

Only if you're blind.
Tax cuts in the 1920s, 1960s and 1980s all lead to strong economic growth.

Hoover cut taxes BAM the great depresssion of 1929.

Hoover never cut taxes.
​

Taxes were cut a ton before the Great Depression, basically every recession & depression HAPPENED right after tax cuts.

Republicans have these theories, that just don't work in practice.

Kind of like Commies have these theories, that also just don't work in practice.

Federal taxes didn't start till 1913 you ignorant polack ...


.

 

[danielpalos]

It should not take 40% of every dollar I earn to govern a damn country.

You must not be rich enough. The truly rich are making money not losing money.

I haven't lost money in decades fool, what the hell are you blabbering about?

you whining about losing money on taxes.

 

[SobieskiSavedEurope]

I'm going to go more with the former, than the latter.

Hoover cut taxes BAM the great depresssion of 1929.

Reagan cut taxes BAM the recession of 1982.

W. Bush cut taxes BAM the Great recession of 2007.


It seems there's absolutely no evidence that cutting taxes does much of anything positive for the economy.

It seems quite the opposite, we have more evidence that cutting taxes cause recessions.

Which could make a ton of sense, considering when the rich get tax cuts, they tend to buy up housing investments, and stocks causing a inflated market, which bursts into a bad economy AKA Bust & Boom cycle.



Even Libertarians like Austrian economist Hayek have spoken of Bust & Boom cycle, by Hayek's own account he theorized that cutting interest rates inflated the market investment, forming a Bust & Boom cycle.

Now, expland that to NOT JUST cutting interest rates, but also cutting taxes, and you're having very similar over-inflation of the market.

BAM?
No mention of the mechanism?
Or the time frame?

Recessions happen. Tax cuts or not.

We could just as easily say, SobieskiSavedEurope says something really ******* stupid, BAM recession.

It seems there's absolutely no evidence that cutting taxes does much of anything positive for the economy.

Only if you're blind.
Tax cuts in the 1920s, 1960s and 1980s all lead to strong economic growth.

Hoover cut taxes BAM the great depresssion of 1929.

Hoover never cut taxes.
​

Taxes were cut a ton before the Great Depression, basically every recession & depression HAPPENED right after tax cuts.

Republicans have these theories, that just don't work in practice.

Kind of like Commies have these theories, that also just don't work in practice.

Federal taxes didn't start till 1913 you ignorant polack ...


.

It looks like depressions & recessions were more frequent before Federal taxes.

List of recessions in the United States - Wikipedia

 

[Dont Taz Me Bro]

I'm going to go more with the former, than the latter.

Coolridge cut taxes BAM the great depresssion of 1929.

Reagan cut taxes BAM the recession of 1982.

W. Bush cut taxes BAM the Great recession of 2007.

Why didn't you title your thread, "I Never Took an Economic Class?"

 

[EGR one]

I'm going to go more with the former, than the latter.

Hoover cut taxes BAM the great depresssion of 1929.

Reagan cut taxes BAM the recession of 1982.

W. Bush cut taxes BAM the Great recession of 2007.


It seems there's absolutely no evidence that cutting taxes does much of anything positive for the economy.

It seems quite the opposite, we have more evidence that cutting taxes cause recessions.

Which could make a ton of sense, considering when the rich get tax cuts, they tend to buy up housing investments, and stocks causing a inflated market, which bursts into a bad economy AKA Boom & Bust cycle.




Even Libertarians like Austrian economist Hayek have spoken of Boom & Bust cycle, by Hayek's own account he theorized that cutting interest rates inflated the market investment, forming a Boom & Bust cycle.

Now, expland that to NOT JUST cutting interest rates, but also cutting taxes, and you're having very similar over-inflation of the market.

I know this was unintentional, but at least 2 of your examples 1929 and 2008 are examples of Federal Reserve caused recessions.

In at least both of those examples the FED kept interest rates artificially low for a long time.

Trump's tax cuts may lead to a recession or at least contribute to one, but not in the way you are thinking.

You had the bailouts, the "stimulus package", QE 1-whatever. Companies hoarded the money. Trump is trying to release all that money which will cause inflation which will probably cause a very overdue recession.

That will in part cause a recession. The other thing that I think will cause one is the vastly over valuation of companies like Amazon and Facebook.

I do think Facebook in the end will go under, but that is a different discussion all together.

Actually, Hayek's theories of cutting interest rates leading to over-investment & thus a boom & bust cycle, would also apply to cutting taxes, which also lead to over-investment & thus a boom & bust cycle.

Capitalistic economies have a boom and bust cycle. The trick is to let them occur naturally, and not exacerbate them by bad fiscal policy and/or bad fed policy.

The fed interest rate is instrumental in determining the money supply, and the money supply is instrumental in determining inflation and deflation. However, many other factors such as consumer and business confidence and credit availability also are major factors in the game.

 

[Mr.Blonde]

I'm going to go more with the former, than the latter.

Hoover cut taxes BAM the great depresssion of 1929.

Reagan cut taxes BAM the recession of 1982.

W. Bush cut taxes BAM the Great recession of 2007.


It seems there's absolutely no evidence that cutting taxes does much of anything positive for the economy.

It seems quite the opposite, we have more evidence that cutting taxes cause recessions.

Which could make a ton of sense, considering when the rich get tax cuts, they tend to buy up housing investments, and stocks causing a inflated market, which bursts into a bad economy AKA Boom & Bust cycle.



Even Libertarians like Austrian economist Hayek have spoken of Boom & Bust cycle, by Hayek's own account he theorized that cutting interest rates inflated the market investment, forming a Boom & Bust cycle.

Now, expland that to NOT JUST cutting interest rates, but also cutting taxes, and you're having very similar over-inflation of the market.

I know this was unintentional, but at least 2 of your examples 1929 and 2008 are examples of Federal Reserve caused recessions.

In at least both of those examples the FED kept interest rates artificially low for a long time.

Trump's tax cuts may lead to a recession or at least contribute to one, but not in the way you are thinking.

You had the bailouts, the "stimulus package", QE 1-whatever. Companies hoarded the money. Trump is trying to release all that money which will cause inflation which will probably cause a very overdue recession.

That will in part cause a recession. The other thing that I think will cause one is the vastly over valuation of companies like Amazon and Facebook.

I do think Facebook in the end will go under, but that is a different discussion all together.

Actually, Hayek's theories of cutting interest rates leading to over-investment & thus a boom & bust cycle, would also apply to cutting taxes, which also lead to over-investment & thus a boom & bust cycle.

You are ignoring a couple of things:

The difference between whatever damage the money from a tax cut would cause vs low interest rate is that the money from a tax cut already exists.

The banks have to get money from somewhere. If interest rates are low the money the banks get must come from the Fed who gets it from printing it (or now just adding zeros to balance sheets).

Also if the free market controlled interest rates banks would adjust rates accordingly and that would negate "cutting taxes, which also lead to over-investment & thus a boom & bust cycle".

 

[SobieskiSavedEurope]

I'm going to go more with the former, than the latter.

Coolridge cut taxes BAM the great depresssion of 1929.

Reagan cut taxes BAM the recession of 1982.

W. Bush cut taxes BAM the Great recession of 2007.


It seems there's absolutely no evidence that cutting taxes does much of anything positive for the economy.

It seems quite the opposite, we have more evidence that cutting taxes cause recessions.

Which could make a ton of sense, considering when the rich get tax cuts, they tend to buy up housing investments, and stocks causing a inflated market, which bursts into a bad economy AKA Boom & Bust cycle.



Even Libertarians like Austrian economist Hayek have spoken of Boom & Bust cycle, by Hayek's own account he theorized that cutting interest rates inflated the market investment, forming a Boom & Bust cycle.

Now, expland that to NOT JUST cutting interest rates, but also cutting taxes, and you're having very similar over-inflation of the market.

Obama cut taxes, BAM, lackluster economy.
Trump cut taxes, BAM, booming economy.

Seems the moral to this story is there's a whole lot more going on than just taxes.
Obama added a bunch of regulations, BAM, lackluster economy.
Trump dumped a bunch of regulations, BAM booming economy.

If only that were a fact, it's actually more of a fact that Trump's America is seeing a very slight decline in real wages, because inflation has sky-rocketed.

You really need to post references with your claims.

O.2% real wage decrease last year.

Bloomberg - Are you a robot?

 

[Thinker101]

I'm going to go more with the former, than the latter.

Coolridge cut taxes BAM the great depresssion of 1929.

Reagan cut taxes BAM the recession of 1982.

W. Bush cut taxes BAM the Great recession of 2007.


It seems there's absolutely no evidence that cutting taxes does much of anything positive for the economy.

It seems quite the opposite, we have more evidence that cutting taxes cause recessions.

Which could make a ton of sense, considering when the rich get tax cuts, they tend to buy up housing investments, and stocks causing a inflated market, which bursts into a bad economy AKA Boom & Bust cycle.



Even Libertarians like Austrian economist Hayek have spoken of Boom & Bust cycle, by Hayek's own account he theorized that cutting interest rates inflated the market investment, forming a Boom & Bust cycle.

Now, expland that to NOT JUST cutting interest rates, but also cutting taxes, and you're having very similar over-inflation of the market.

Obama cut taxes, BAM, lackluster economy.
Trump cut taxes, BAM, booming economy.

Seems the moral to this story is there's a whole lot more going on than just taxes.
Obama added a bunch of regulations, BAM, lackluster economy.
Trump dumped a bunch of regulations, BAM booming economy.

If only that were a fact, it's actually more of a fact that Trump's America is seeing a very slight decline in real wages, because inflation has sky-rocketed.

You really need to post references with your claims.

O.2% real wage decrease last year.

Bloomberg - Are you a robot?

2018 Salary Increase Budgets Expected to Rise 3% in the U.S.

 

[SobieskiSavedEurope]

I'm going to go more with the former, than the latter.

Coolridge cut taxes BAM the great depresssion of 1929.

Reagan cut taxes BAM the recession of 1982.

W. Bush cut taxes BAM the Great recession of 2007.

Why didn't you title your thread, "I Never Took an Economic Class?"

Real wages dropped the most under Reagan apparently, so much for the shaky theory that cutting taxes help the economy.

https://upload.wikimedia.org/wikipedia/commons/b/b1/US_Real_Wages_1964-2004.gif

PS
Theres loads more evidence fot racial & genetic theory thsn tax cut theory.

Yet racial science us the Pseudoscience?

Western society is about telling propaganda lies
Such dumb people.

I hate Western society.

 

[RealDave]

I'm going to go more with the former, than the latter.

Coolridge cut taxes BAM the great depresssion of 1929.

Reagan cut taxes BAM the recession of 1982.

W. Bush cut taxes BAM the Great recession of 2007.


It seems there's absolutely no evidence that cutting taxes does much of anything positive for the economy.

It seems quite the opposite, we have more evidence that cutting taxes cause recessions.

Which could make a ton of sense, considering when the rich get tax cuts, they tend to buy up housing investments, and stocks causing a inflated market, which bursts into a bad economy AKA Boom & Bust cycle.



Even Libertarians like Austrian economist Hayek have spoken of Boom & Bust cycle, by Hayek's own account he theorized that cutting interest rates inflated the market investment, forming a Boom & Bust cycle.

Now, expland that to NOT JUST cutting interest rates, but also cutting taxes, and you're having very similar over-inflation of the market.

I think what is missing are the words temporary.

During a recession, tax breaks are often enacted to serve as a stimulus. But if not short term, they will do as you say.

Trump borrowed 1.5 trillion to stimulate the economy. Most permanent, So,me will expire in something like 8 years. Way too long.

The debt from these will at this country alive. Pile onto the deficits from the unfunded increase in military spending, we are in serious trouble.