To Conservatives: What drives the economy?

[deltex1]

Supply and demand...and laissez faire policy...along with the death penalty for cheats and scammers.

 

[Avatar4321]

If there was something like a flat tax that would exponentially increase taxes on the poor, there should be an exemption. No taxes on the first $30,000 spent. It's tough enough on the poor. Raising their taxes is neither fair nor responsible.

How would you even begin to calculate that?

And why is everyone paying the same percent at all unfair?

I suspect NK meant the first $30,000 in income and all - including the wealthy - would get that exemption. Those making $30,000 or less/yr aren't paying any fed tax anyway.

According to the plan suggested utilities and other necessities would already be excluded.

And this collection process provides an overly complicated method when we already have sales taxes that exist and are collected without the complications. Not to mention if we did this, the government would literally need to track everything we spend for it to be feasible and I'm fairly certain there are alot of people who are going to object to the IRS knowing what we are spending on money on.

 

[boedicca]

Human beings acting in their rational self interest.



Sent from my iPhone using Tapatalk

 

[CrusaderFrank]

Fighting an imaginary war against Space Aliens drives the Krugman economy

 

[SAYIT]

How would you even begin to calculate that?

And why is everyone paying the same percent at all unfair?

I suspect NK meant the first $30,000 in income and all - including the wealthy - would get that exemption. Those making $30,000 or less/yr aren't paying any fed tax anyway.

According to the plan suggested utilities and other necessities would already be excluded.

And this collection process provides an overly complicated method when we already have sales taxes that exist and are collected without the complications. Not to mention if we did this, the government would literally need to track everything we spend for it to be feasible and I'm fairly certain there are alot of people who are going to object to the IRS knowing what we are spending on money on.

Yeah ... I think NK meant this to be a flat fed income tax with only a standard $30,000 deduction. As you say we already have state sales taxes.

 

[TemplarKormac]

Right now the Fed calls the shots.

Eight ball, corner pocket.

 

[Redfish]

Well, having a tax code that offers advantages to move overseas is not exactly a positive. You can't have spending without jobs from investment. But don't try to tell the community organizer in chief that.

Obama (like all democrats) believes in punitive taxation.

punish success and reward failure---------its the dem/lib motto.

 

[Redfish]

What drives our economy? Consumer spending or business investment?

If you think consumer spending drives the economy, what would be wrong about putting more disposable income into the hands of the middle class and the poor?

If it's business investment, what would be wrong about making adjustments to the tax code that would discourage outsourcing and off shore tax shelters? Shouldn't American business investment be made in, I don't know, maybe America?

if your plan is to fix the tax code, great. Remember, it was written mostly by the democrats who have controlled congress for most of the last 80 years.

 

[Nosmo King]

What drives our economy? Consumer spending or business investment?

If you think consumer spending drives the economy, what would be wrong about putting more disposable income into the hands of the middle class and the poor?

If it's business investment, what would be wrong about making adjustments to the tax code that would discourage outsourcing and off shore tax shelters? Shouldn't American business investment be made in, I don't know, maybe America?

if your plan is to fix the tax code, great. Remember, it was written mostly by the democrats who have controlled congress for most of the last 80 years.

That does not preclude the need for massive tax reform. If we could get the politics and the special interests out of the process, I'm sure there could be bi-partisan support for tax reform.

The process is one of argument compromise and agreement. Are the House Republicans up for some actual governance? Or are they simply the Party of No!?

 

[Mac1958]

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Any time a thread begins with an either/or question to a highly complex issue, hilarity is bound to ensue.

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Mac wins.

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[ScienceRocks]

The super rich do! You're damn lucky they are here to hire your worthless ass.

 

[Nosmo King]

The super rich do! You're damn lucky they are here to hire your worthless ass.

A) I am not in the employ of anyone considered "super rich"

B) I hold a post graduate degree and earn, that's EARN a comfortable living.

 

[bripat9643]

The super rich do! You're damn lucky they are here to hire your worthless ass.

A) I am not in the employ of anyone considered "super rich"

B) I hold a post graduate degree and earn, that's EARN a comfortable living.

So you're sucking off the government tit.

You don't EARN jack shit.

 

[bripat9643]

What drives our economy? Consumer spending or business investment?

If you think consumer spending drives the economy, what would be wrong about putting more disposable income into the hands of the middle class and the poor?

If it's business investment, what would be wrong about making adjustments to the tax code that would discourage outsourcing and off shore tax shelters? Shouldn't American business investment be made in, I don't know, maybe America?

if your plan is to fix the tax code, great. Remember, it was written mostly by the democrats who have controlled congress for most of the last 80 years.

Any "reform" proposed by libturds is inevitably going to be another scheme to loot the taxpayers.

 

[DrDoomNGloom]

What drives our economy? Consumer spending or business investment?

If you think consumer spending drives the economy, what would be wrong about putting more disposable income into the hands of the middle class and the poor?

If it's business investment, what would be wrong about making adjustments to the tax code that would discourage outsourcing and off shore tax shelters? Shouldn't American business investment be made in, I don't know, maybe America?

Why are you so confused son??

What if I think neither, What if I think all you lazy couch potatoes that are societal leeches and constantly looking for ways to take what other hard working people have are the real problem in society.

What if I change your BS to read

If you think consumer spending drives the economy, what would be wrong with putting more disposable income into the hands of the middle class and poor??
Why can not the poor and middle class not get jobs and work like the rest of us tax paying folks?? Need more to spend, work harder, get a better job skill or another job, there are ways to be self dependent, self sufficient.

If it's business investment, what would be wrong about making adjustments to the tax code that would discourage outsourcing and off shore tax shelters? Shouldn't American business investment be made in, I don't know, maybe America?In other words we know you have profits and we want as much as we can get of them.... We will construct laws to keep you, your company and your money held hostage in the USA .............This will be fine with the rest of you, right comrades???

For the nation with the highest tax code of any Democratic nation you leeches sure are some thirsty bastards .........

 

[zeke]

What's wrong with letting everyone keep more of their own money?

Lower the income tax to a flat 10% for all income
Lower the corporate tax to the same percentage.

10% is way too high.

Let's do 5% at the most.

Hey, lets not **** around. 5% is WAY to high. I like 3%. Maybe 2%.

Lets race to the bottom.

 

[Nosmo King]

The super rich do! You're damn lucky they are here to hire your worthless ass.

A) I am not in the employ of anyone considered "super rich"

B) I hold a post graduate degree and earn, that's EARN a comfortable living.

So you're sucking off the government tit.

You don't EARN jack shit.

Do you think that of soldiers and sailors too?

 

[Nosmo King]

What drives our economy? Consumer spending or business investment?

If you think consumer spending drives the economy, what would be wrong about putting more disposable income into the hands of the middle class and the poor?

If it's business investment, what would be wrong about making adjustments to the tax code that would discourage outsourcing and off shore tax shelters? Shouldn't American business investment be made in, I don't know, maybe America?

Why are you so confused son??

What if I think neither, What if I think all you lazy couch potatoes that are societal leeches and constantly looking for ways to take what other hard working people have are the real problem in society.

What if I change your BS to read

If you think consumer spending drives the economy, what would be wrong with putting more disposable income into the hands of the middle class and poor??
Why can not the poor and middle class not get jobs and work like the rest of us tax paying folks?? Need more to spend, work harder, get a better job skill or another job, there are ways to be self dependent, self sufficient.

If it's business investment, what would be wrong about making adjustments to the tax code that would discourage outsourcing and off shore tax shelters? Shouldn't American business investment be made in, I don't know, maybe America?In other words we know you have profits and we want as much as we can get of them.... We will construct laws to keep you, your company and your money held hostage in the USA .............This will be fine with the rest of you, right comrades???

For the nation with the highest tax code of any Democratic nation you leeches sure are some thirsty bastards .........

I'm thinking purely about moving our economy forward with health, sustainability and gusto. The poor and the middle class do most of the consumer spending in this country, so having more disposable income means more capital flowing from hand to hand. That, after all, is the definition of economic growth.

As for corporations sequestering their profits from our economic system, I think that as those corporations benefit from the security of the United States, the transportation system of the United States and the workers of the United States, those corporations should kick in to help maintain all of the above. Allowing them to profit without paying for the privilege only removes capital from our system, thus slowing it and shrinking our economy.

 

[LordBrownTrout]

What's wrong with letting everyone keep more of their own money?

Lower the income tax to a flat 10% for all income
Lower the corporate tax to the same percentage.

10% is way too high.

Let's do 5% at the most.

Hey, lets not **** around. 5% is WAY to high. I like 3%. Maybe 2%.

Lets race to the bottom.

Why do you hate this country?

 

[zeke]

10% is way too high.

Let's do 5% at the most.

Hey, lets not **** around. 5% is WAY to high. I like 3%. Maybe 2%.

Lets race to the bottom.

Why do you hate this country?

Because I want to lower yours and mines taxes to 2% instead of 5 or 10, you have come to the conclusion I hate my country?

Hell, your kind is the ones that want to bankrupt us with a tax base that is so far below what we need, we would go bankrupt. I was just agreeing with you.

Who needs a stinking tax base to run a country. Somalia don't.