Tax cuts cause recessions, or booms of the economy?

[SobieskiSavedEurope]

It's actually a great thing to loosen up money from rich horders, or over-investors.'

Rather than funneling extra money into the housing market & stock market causing artificial inflation BOOM & BUST cycles leading to recession.

You put the money back into the pocket of the poor, and middle class & in the process create more consumers & better consumers who spend back into the economy.



I'm certainly no Liberal, actually cutting taxes is Classical Liberalism.

Americans are quite a damn thing on politics.

I as a Fascist am anything but a Liberal.

You are the Liberal & don't even know it.

Its their money, they worked hard for it, they don't owe you anything. I'm not going to work overtime to pay your damn bills, get a job, get off your ass and work hard.

Funny the Republican Darlings PAY the LEAST in Federal Income taxes & take the most in benefits.

Why don't those filthy Chimp like scums even realize their BENEFITTING?

Maybe we should go back to the basics & allow shit-loads of Southerners die from lack of healthcare, and from lack of food stamps.

Then maybe this primitive, dirty race of people will learn what it means to be a Civilized Human.

Lib please Trump raised taxes on the 'rich' with the SALT caps and you libs squealed like stuck pigs.

You're more of a Liberal than me.

Liberals are for rights & freedoms.

No dummy liberals are for government control, government regulation, government rule. Go back to Canada or communist China or wherever you came from.

Not at all.
Liberalism is small government Individualism.

A.) Economic Liberalism means to loosen up restrictions, or regulation on the economy.

Economic liberalism - Wikipedia

B.) Small government leads to Liberalism, and anti-Nationalistic values, because Capitalism sells out to Illegal immigrants for cheap labor profits, Outsourcing for cheap labor profits, Porn for profits, Gangster Rap music for profits, selling Abortion for profits, selling illegal drugs for profits, selling Gay wedding merchandise, and Hollywood selling Liberal & degenerate shoot 'em up films, and Media, Facebook, Google, Twitter & Youtube pushing Liberal biases.

C.) I'm an American born, and raised, I'm just better informed than stupid Capitalist twits.

 

[SobieskiSavedEurope]

Mooching deadbeats can work a job or two and pay for their own damn health insurance.

You're already footing the tab & have the #1 most expensive healthcare costs in the entire World.
The U.S.A turns away no ER visits of those who can't pay & uninsured.
So, instead of actually using preventive care as a doctor would use.
The government pays for top rates jacked up ER visits of those who can't pay & are uninsured.
The alternative you're talking about would be to let a ton of people die from treatable conditions.
That would be your ideal utopia, your brothers & sisters dying from lack of healthcare they can't afford.

You're NOT patriots, or Nationalists, you're cruel, idiotic, sadistic, evil Capitalist swines.
The U.S.A rural communities (Anglo & Saxon) are filled to the brim with your kind of filth.

Now we're actually getting somewhere. You simply don't get that the US is based on the principles of "self-reliance and independence". You seem to think that the optimum form government is a benevolent dictatorship or "enlightened absolutism". Enlightened absolutism - Wikipedia

We disagree on capitalism, it is the best economic system. WTF do you have against US farmers? They feed the world.
Our democracy is ours, and will always be ours, it sways right and sways left but still remains strong. Look at the EU with twice the population and half the GDP. The US rewards entrepreneurs but still gives subsistence to the lazy or incapable.

I call bullshit that you are a native US citizen.

This fool prefers a monarchy where the people are enslaved by an elite ruling liberal class which controls the wealth and doles it out as they see fit. We see what's happened to blacks on the Dem party plantations, not happening.

Fool?
How?

A Fool looks for the same solutions to the problems being caused.
That's Republicans in a nutshell.

Capitalism lead to stagnant wages, Globalism, it lead to outsourced jobs, it lead to mass illegals, it lead to Porn, and Hollywood, and media Liberalism, and Gangster rap music.

If you think this is all a problem, then actually you should be looking for more Government regulations.

You know something similar to Fascism.

It's not taxes which will solve such problems, and never were the solution.

 

[SobieskiSavedEurope]

Mooching deadbeats can work a job or two and pay for their own damn health insurance.

You're already footing the tab & have the #1 most expensive healthcare costs in the entire World.
The U.S.A turns away no ER visits of those who can't pay & uninsured.
So, instead of actually using preventive care as a doctor would use.
The government pays for top rates jacked up ER visits of those who can't pay & are uninsured.
The alternative you're talking about would be to let a ton of people die from treatable conditions.
That would be your ideal utopia, your brothers & sisters dying from lack of healthcare they can't afford.

You're NOT patriots, or Nationalists, you're cruel, idiotic, sadistic, evil Capitalist swines.
The U.S.A rural communities (Anglo & Saxon) are filled to the brim with your kind of filth.

Now we're actually getting somewhere. You simply don't get that the US is based on the principles of "self-reliance and independence". You seem to think that the optimum form government is a benevolent dictatorship or "enlightened absolutism". Enlightened absolutism - Wikipedia

We disagree on capitalism, it is the best economic system. WTF do you have against US farmers? They feed the world.
Our democracy is ours, and will always be ours, it sways right and sways left but still remains strong. Look at the EU with twice the population and half the GDP. The US rewards entrepreneurs but still gives subsistence to the lazy or incapable.

I call bullshit that you are a native US citizen.

So Southerners are oh so self reliant paying less taxes to the FEDS & getting more benefits from the FEDS?

Capitalist governments have the worst results on diversity & social Conservative values.

Capitalism is almost as bad as Communism for creating real wage growth.

Soviets went decades with stagnant real wages & so has the USA.

Franco on the other hand had the Spanish miracle the #1 economic growth period in 20th century Europe.

Yes yes, south hate, rich hate, where's my free shit paid for by someone else you seem like the typical liberal drone.

Why should I like the rich, doof?

The rich include all those hiring Illegal Immigrants, all the ones outsourcing jobs, the Media Liberals, the Hollywood Liberals, George Soros, Facebook, Youtube, Google, and Twitter Liberalism.

Republicans can't figure out that Capitalists are the enemy, not their friends.

If you're a social Conservative, that is.

But, most Republicans seem to put Capitalism first, before everything else.

So, how about those tax cuts for Soros, Zuckerberg, Bezos, Gates, Buffet, Sumner Redstone, Larry Page, and Brian Roberts among numberous other Wealthy Liberals?????????????????

 

[sartre play]

Where do you live? out here in the middle of the country small towns are closed, 1 dollar increase in wages converts to the land owners raising the rents every year by 20$ or more. if I did not own my home things would be pretty tight for me. property taxes & every thing else has slowly trickled up. but not as slow as wages.

 

[danielpalos]

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".

The difference between whatever damage the money from a tax cut would cause

Damage? My tax cuts cause nothing but benefits.

If interest rates are low the money the banks get must come from the Fed

Banks don't get money from people and corporations when rates are low?

U.S. National Debt Clock : Real Time

 

[Skull Pilot]

It is always better when people keep more of their own money

The average family of 4 got just over a $1,000 a year (Bonus) and all we got was this miserable debt & inflation.

Would the House GOP tax plan save a typical family $1,182?

Inflation?

Inflation has been under 3% for years now

 

[SobieskiSavedEurope]

It is always better when people keep more of their own money

The average family of 4 got just over a $1,000 a year (Bonus) and all we got was this miserable debt & inflation.

Would the House GOP tax plan save a typical family $1,182?

Inflation?

Inflation has been under 3% for years now

Well it would be nice if wage growth were over 3%.

 

[SobieskiSavedEurope]

Where do you live? out here in the middle of the country small towns are closed, 1 dollar increase in wages converts to the land owners raising the rents every year by 20$ or more. if I did not own my home things would be pretty tight for me. property taxes & every thing else has slowly trickled up. but not as slow as wages.

We got rid of most Unions, cut taxes, increased Military spending & stagnated minimum wage
As Republicans insisted
&
All we got was this real Wage that has been sliding since the 1970s.

 

[SobieskiSavedEurope]

Mooching deadbeats can work a job or two and pay for their own damn health insurance.

You're already footing the tab & have the #1 most expensive healthcare costs in the entire World.
The U.S.A turns away no ER visits of those who can't pay & uninsured.
So, instead of actually using preventive care as a doctor would use.
The government pays for top rates jacked up ER visits of those who can't pay & are uninsured.
The alternative you're talking about would be to let a ton of people die from treatable conditions.
That would be your ideal utopia, your brothers & sisters dying from lack of healthcare they can't afford.

You're NOT patriots, or Nationalists, you're cruel, idiotic, sadistic, evil Capitalist swines.
The U.S.A rural communities (Anglo & Saxon) are filled to the brim with your kind of filth.

Now we're actually getting somewhere. You simply don't get that the US is based on the principles of "self-reliance and independence". You seem to think that the optimum form government is a benevolent dictatorship or "enlightened absolutism". Enlightened absolutism - Wikipedia

We disagree on capitalism, it is the best economic system. WTF do you have against US farmers? They feed the world.
Our democracy is ours, and will always be ours, it sways right and sways left but still remains strong. Look at the EU with twice the population and half the GDP. The US rewards entrepreneurs but still gives subsistence to the lazy or incapable.

I call bullshit that you are a native US citizen.

So Southerners are oh so self reliant paying less taxes to the FEDS & getting more benefits from the FEDS?
Capitalist governments have the worst results on diversity & social Conservative values.
Capitalism is almost as bad as Communism for creating real wage growth.
Soviets went decades with stagnant real wages & so has the USA.

Franco on the other hand had the Spanish miracle the #1 economic growth period in 20th century Europe.

I can give you one of your points:
1. The US has gone decades with stagnant real wages. The probable cause, globalism and outsourcing creating a "race to the bottom" for workers but riches for Wall Street.
2. The law is the law as far as taxes paid & benefits received, CT & NY are rich states, and MS, WV and AR are the poorest, the Feds don't necessarily make winners and losers like Robin Hood would.
3. Please provide a link proving that capitalism has any effect on diversity or conservative values. Otherwise I call bullshit.

1.) I'd throw people in jail who outsource & hire illegals.

2.) So the problem states tend to vote Republican?

3.) Of course Capitalisn demands cheap labor & therefor promotes diversity countries in Eastern Europe have become much more diverse upon turning to Capitalism.

 

[Skull Pilot]

It is always better when people keep more of their own money

The average family of 4 got just over a $1,000 a year (Bonus) and all we got was this miserable debt & inflation.

Would the House GOP tax plan save a typical family $1,182?

Inflation?

Inflation has been under 3% for years now

Well it would be nice if wage growth were over 3%.

If you want to make yourself worth 3% more then you will earn 3% more

 

[SobieskiSavedEurope]

It is always better when people keep more of their own money

The average family of 4 got just over a $1,000 a year (Bonus) and all we got was this miserable debt & inflation.

Would the House GOP tax plan save a typical family $1,182?

Inflation?

Inflation has been under 3% for years now

Well it would be nice if wage growth were over 3%.

If you want to make yourself worth 3% more then you will earn 3% more

Individualists are definitely more than a little bit dumb, and primitive.

You can tell Individualists have pitiful levels of intelligence & pitiful levels of empathy.


Society has limitations dumb-@$$, if the economy is hurting then it is.

When the pattern is 40 years of flatlining wages, then it's obviously NOT GOOD for SOCIETY.

There's more than just YOU in this World, I know such a concept is foreign for Individualists because they're not all there.

 

[Mr.Blonde]

It is always better when people keep more of their own money

The average family of 4 got just over a $1,000 a year (Bonus) and all we got was this miserable debt & inflation.

Would the House GOP tax plan save a typical family $1,182?

Inflation?

Inflation has been under 3% for years now

Well it would be nice if wage growth were over 3%.

If you want to make yourself worth 3% more then you will earn 3% more

Individualists are definitely more than a little bit dumb, and primitive.

You can tell Individualists have pitiful levels of intelligence & pitiful levels of empathy.


Society has limitations dumb-@$$, if the economy is hurting then it is.

When the pattern is 40 years of flatlining wages, then it's obviously NOT GOOD for SOCIETY.

There's more than just YOU in this World, I know such a concept is foreign for Individualists because they're not all there.

Could it have anything to do with the lose of manufacturing jobs? High corporate tax rates? Stupid regulations?

We aren't even trying to steer kids in those "dirty" "bad" jobs. Those are jobs that are beneath them. Those are "immigrant" jobs.

You want wages to go up that is how you do it. Walmart was/is the biggest employer in the country. That is the problem. No one is going to pay a living wage for stock boys and cashiers.

 

[Mr.Blonde]

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".

The difference between whatever damage the money from a tax cut would cause

Damage? My tax cuts cause nothing but benefits.

If interest rates are low the money the banks get must come from the Fed

Banks don't get money from people and corporations when rates are low?

"The difference between whatever damage the money from a tax cut would cause

Damage? My tax cuts cause nothing but benefits."

I agree. The other poster was saying that people keeping their money was going to have the same affect as artificially low interest rates.

I was simply pointing out higher interest rates would counter act that.

"If interest rates are low the money the banks get must come from the Fed

Banks don't get money from people and corporations when rates are low?"

They do, but not as much as when interest rates are high.

They do, but not as much as when interest rates are high.

What do they do with the difference?

They get the money from the Fed

 

[SobieskiSavedEurope]

The average family of 4 got just over a $1,000 a year (Bonus) and all we got was this miserable debt & inflation.

Would the House GOP tax plan save a typical family $1,182?

Inflation?

Inflation has been under 3% for years now

Well it would be nice if wage growth were over 3%.

If you want to make yourself worth 3% more then you will earn 3% more

Individualists are definitely more than a little bit dumb, and primitive.

You can tell Individualists have pitiful levels of intelligence & pitiful levels of empathy.


Society has limitations dumb-@$$, if the economy is hurting then it is.

When the pattern is 40 years of flatlining wages, then it's obviously NOT GOOD for SOCIETY.

There's more than just YOU in this World, I know such a concept is foreign for Individualists because they're not all there.

Could it have anything to do with the lose of manufacturing jobs? High corporate tax rates? Stupid regulations?

We aren't even trying to steer kids in those "dirty" "bad" jobs. Those are jobs that are beneath them. Those are "immigrant" jobs.

You want wages to go up that is how you do it. Walmart was/is the biggest employer in the country. That is the problem. No one is going to pay a living wage for stock boys and cashiers.

We need real leadership.

We're NOT going to compete with China, that's off the table.

What should be done is to throw those behind bars who outsource & hire illegals.

We should break up Walmart, it's more of an economic drain, than an economic benefit.

Amazon should be abolished all together.

If you think I respect Capitalist freedom, you're widely mistaken.


P.S
Working at an Animal Feed store for years lifting 50 pound bags, as a "Millennial" seeing many other "Millennials" and "Younger"
come in, and do that work, even if they left for college.

So, IDK, I think the youngin's will do dirty jobs, it's just they know it's hard to make a living on it.

 

[Mr.Blonde]

We need real leadership.

We're NOT going to compete with China, that's off the table.

What should be done is to throw those behind bars who outsource & hire illegals.

I agree that we should punish those who hire illegals. Not throw them in prison because the prisons are already over crowded.

Should we deport the illegals as well?

We should break up Walmart, it's more of an economic drain, than an economic benefit.

Break them up? Stores and fast food restaurants aren't meant to be careers. By their nature the only people who can make a living off these businesses are the people at the top.

Amazon should be abolished all together.

No government should have that much power. The people in government are too corrupt and are of inferior intelligent.

Also where am I supposed to get my pet supplies and comic books?

If Amazon is abolished some friends of mine wouldn't be able to get groceries.

P.S
Working at an Animal Feed store for years lifting 50 pound bags, as a "Millennial" seeing many other "Millennials" and "Younger"
come in, and do that work, even if they left for college.

So, IDK, I think the youngin's will do dirty jobs, it's just they know it's hard to make a living on it.

Good for you. I have who work construction at every level who make a great living. A good friend of mine nets over a grand a week laying down fiber optic cable.

 

[easyt65]

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.

Trump's tax cuts and policies gave created the strip fest economy in decades... You go with whatever you want...

 

[Toddsterpatriot]

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".

The difference between whatever damage the money from a tax cut would cause

Damage? My tax cuts cause nothing but benefits.

If interest rates are low the money the banks get must come from the Fed

Banks don't get money from people and corporations when rates are low?

"The difference between whatever damage the money from a tax cut would cause

Damage? My tax cuts cause nothing but benefits."

I agree. The other poster was saying that people keeping their money was going to have the same affect as artificially low interest rates.

I was simply pointing out higher interest rates would counter act that.

"If interest rates are low the money the banks get must come from the Fed

Banks don't get money from people and corporations when rates are low?"

They do, but not as much as when interest rates are high.

They do, but not as much as when interest rates are high.

What do they do with the difference?

They get the money from the Fed

Banks borrow a tiny amount from the Fed.
My question was, what do the people do with the extra money that they used to
put in the banks when rates were high?

When rates are low do they keep their money in their mattress?

 

[Mr.Blonde]

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".

The difference between whatever damage the money from a tax cut would cause

Damage? My tax cuts cause nothing but benefits.

If interest rates are low the money the banks get must come from the Fed

Banks don't get money from people and corporations when rates are low?

"The difference between whatever damage the money from a tax cut would cause

Damage? My tax cuts cause nothing but benefits."

I agree. The other poster was saying that people keeping their money was going to have the same affect as artificially low interest rates.

I was simply pointing out higher interest rates would counter act that.

"If interest rates are low the money the banks get must come from the Fed

Banks don't get money from people and corporations when rates are low?"

They do, but not as much as when interest rates are high.

They do, but not as much as when interest rates are high.

What do they do with the difference?

They get the money from the Fed

Banks borrow a tiny amount from the Fed.
My question was, what do the people do with the extra money that they used to
put in the banks when rates were high?

When rates are low do they keep their money in their mattress?

Based on the savings rate. Spending the money

 

[g5000]

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.

Cutting taxes had nothing to do with the Great Depression of 1929 or the Great Recession of 2007.

Cutting taxes had nothing to do with the recession of 1982. That was caused by raising interest rates. A painful necessity. Reagan was the last President who was not afraid to inflict short term pain for long term gain. When we came out of that recession, we experienced a tremendous boom in the economy.

Tax cuts and tax hikes in the US are so incremental as to have virtually no impact on the economy or revenues. Tax revenues have gone up after every tax increase and after every tax cut. This is something the rubes have completely failed to notice. They are told lies of omission about tax cuts and tax hikes and the resulting tax revenues, and our politicians count on their ignorance of these facts.

 

[g5000]

If you are looking for a federal policy which can lead to recessions or booms, then you should look at the Fed interest rate. That has far more influence on the economy than tax rates.

This whole "tax cuts boost the economy" bullshit is one giant hoax.