It wasn't one year of increased revenue and the fact remains that occurred with the Bush tax rates fully implemented. 2007 deficit a paltry $161B.
Liberal Democrats saddled us with an unconstitutional central bank in 1913. Less than 20 years later, liberal Democrats began saddling us with a Welfare State, and it's been growing ever since. With the sole exception being for people who are demonstrably UNABLE to provide for themselves, because of illness, birth defects, verifiable injury, etc., ALL UNEARNED government payments and 'subsidies' should end IMMEDIATELY. The U. S. Tax Code should have all tax loopholes, tax 'shelters', exclusions, exemptions, deductions, and "carried-interest" removed IMMEDIATELY. Never forget the ringing words of our prominent Founding Father, Benjamin Franklin --
I gave you the proof the economy grew faster under Clinton. So, back to my question... if the economy was growing more slowly under Bush, why the increase in capital gains tax revenue? My point is people were realizing capital gains because of an asset bubble. The asset increases weren't in the stock market. Where were they? Now, my take on this ... I think you're guessing because you've concluded, for whatever reason, that Trump and/or the GOP are doing great things for the economy when the fact is they aren't. Democrats don't do anything either. Joe and Jane America don't have a seat at the table. They're on the menu. This country is funneling money to people who already have more than their fair share--people like yours truly. What's going on is sh't. It's awful. Trump is a false prophet. So are the Democrats.
We don't have a shortage of medical school applicants. Of course, they do. They're often made in the same place and sold for more here--like the insulin Americans get in Canada for ten cents on the dollar.
SCOTUS said it's constitutional, so it is. Democrats saved the capitalist system. Read your history. So, how are young parents going to pay for their kids to go to school? He lived more than 200 years ago.
You are right it took two years before the roof fell in. https://taxfoundation.org/federal-tax-revenue-source-1934-2018/
And here is the deficit by year. Note the one single good year before the Bush tax cuts caused the deficit to balloon in 2007.
Since I am a conservative, the reference to "Mao" is entirely out of place. Ordinary citizens do invest. Some do it as concerning individual stocks. I did it--pre-retirement--as concerning IRAs (my late wife had one, and so did I); a 401k (mine) and a Thrift plan (hers; essentially, the government's version of a 401k plan). And your earlier references--to "doctors," for instance--implies that politicians, too, are to be respected as a special breed, apart from ordinary citizens. But I am trying to remember: Just when did politicians do post-graduate work in a college or university, to learn this "specialty"? (Oh, and as for "generals": It is, indeed, "ordinary citizens" who eventually rise to the rank of general--having started out as privates.)
It doesn't matter if Benjamin Franklin lived 200 years ago or 20,000 years ago -- WHAT HE SAID IS TRUE! "When the 'people' find out they can vote themselves money, that will be the END of the Republic" -- and that is EXACTLY where radical Democrats have been taking us ever since the regime of their great demi-god, Frankie Roosevelt in the 1930's! BTW, it was World War II and all the lovely government spending that ended the Great Depression -- not the welfare crap that FDR dreamed up. He and Churchill had conspired for two years to find a way to drag America, kicking and screaming, into Churchill's European War, and so, together, they cut off all off Japan's oil from the East Indies (while England and the U. S. were completely at PEACE with Japan). The Japanese retaliated at Pearl Harbor and in Southeast Asia, and Hitler (incredibly stupid moron that he was), declared war on the U. S. DONE DEAL. Now, how do people send their kids to school? How the hell should I know? Maybe they invest money for their kid's education? Maybe they save money in savings accounts? They can take out a loan? Maybe they could get their children to put down their phones and WORK AT A PAYING JOB WHILE THEY GO TO SCHOOL? Maybe they hit the lottery? In any event, it's not my problem -- and it's not the problem of the entire base of United States citizen-taxpayers, either!
No, it's not true. Franklin lived in a time when medical care was primitive and people rarely lived into old age. Roosevelt may well have saved capitalism in this country even though I think there was a better way to revive the economy. Like today, Republicans were captives of their ideology. Hitler had plans to take us out. We should have gone after the Axis sooner. Who is going to lend money to single parents with no assets? How can they afford $1000/month to educate their child? Do you want to keep the capitalist system?
Oh? Benjamin Franklin was 84 years old when he died! Thomas Jefferson was 83 years old when he died! John Adams, our second president was 90 years old when he died! Moreover, although by comparison with today, medical science was "primitive", by 1796 the smallpox vaccine had been invented, and people had eyeglasses with bi-focals, thanks to Benjamin Franklin! Frankie Roosevelt was an amateur dabbler who knew nothing at all about what it meant to do real WORK. Like many rich-boy "Limousine Liberals", FDR thought that by simply shovelling money at a problem, the problem would magically go away. By 1937 it was clear to everyone that all his idiotic ideas about getting out of the Great Depression hadn't worked and weren't going to work. So, he conspired with his buddy, Winnie Churchill, to get this country into a war! Frankie and Winnie cut off Japan's total oil supply from the East Indies six months BEFORE Pearl Harbor, even though both the U. S. and England were totally at PEACE with Japan. Sure enough, the Japanese retaliated rather than be strangled and paralyzed, Hitler stupidly jumped into the insuing war, and Frankie had his remedy for the Depression! Government spending! And it only got 460,000 American military personnel killed -- a bargain! Oh? And you know this fascinating fact HOW...? Hitler didn't have enough sense to develop long-range bombers, and he was too frightened to invade England over the 21 miles of the English Channel. But you're sure he was going to launch an invasion of the United States spanning 3,500 miles?! Besides, he wanted the grain fields of the Soviet Union, and the oil fields surrounding the Black Sea and Caspian Sea areas. You may want to spend more time reading history instead of imagining it.... I have no idea. That is neither my problem nor my concern. Each citizen of the United States is fully empowered to make a success or a failure of his/her life. The CHOICE belongs to the individual. No, I would prefer to have a "Star Trek" world paradigm of existence for everyone on this planet... and that may come into being in about 200 - 400 years from now.... But, until that happens, "the capitalist system" is, by FAR, the best method by which free people can enjoy freedom and make successes of their lives!
Anecdotal. Before 1800, life expectancy was under age 40. What does this have to do with what Roosevelt did to counter the Depression? You have indeed cobbled together a narrative of facts, half-truths, speculation, and outright nonsense. The most serious threat was a flying wing. If Hitler had knocked out the Soviet Union and the UK, it very likely could have delivered nuclear bombs to this country by the late 1940s. You must actually think you can drive the middle class to the wall and they won't react by abandoning the capitalist system. Very naïve.
Actually, the 'greatest threat' to America that Germany would have presented would surely have been its own enormous SUCCESS! Think about it. Imagine that we had had somebody a hell of lot smarter than Frankie Roosevelt in the White House! Old Frankie, playing with experimental, semi-socialistic nonsense as a sad excuse for a 'remedy' for the Great Depression. Now imagine that this somebody-else had refused to drag the U. S. into Churchill's European war -- and -- refused to prop-up the Communist Soviet Union in its own war with Germany. Imagine! Oh, and, as icing on the cake, this somebody-else president prevents 460,000 American military personnel from being killed, along with many hundreds of thousands more badly wounded! BTW, also, if this somebody-else president had refused to play Churchill's game and callously cut off Japan's East Indies oil supply, there never would have been a "Pearl Harbor"! Imagine! So, in this hypothetical scenario, the war is concluded in Europe, Germany is victorious, and the scope of what has been accomplished is absolutely AMAZING! Now, Mr. and Mrs. America observe this stunning new world development, compare it with the half-assed, miserable NOTHINGNESS of what Frankie Roosevelt has been farting around with for over ten years, and who do you think Mr. and Mrs. America admire and respect MORE...? Imagine! Now, is it not also imaginable that the U. S. and Germany develop a 'non-aggression' pact, while cementing trade and business alliances? As it was, right up to the moment that Hitler declared war on the United States, many large American corporations were doing very brisk, big volume business with Germany, and being paid in Reichsmarks that were backed with gold! Given this very possible, plausible scenario, do you still think that Germany would drop nuclear bombs on the United States...? Again, think: America already had millions of citizens that were of direct German descent! And the German-American Bund was quite popular in the 1930's and up until December 1941.... Besides, Hitler's health was a disaster by 1945! Even if Germany had won the war, it has been estimated that he would have been dead by 1947 anyway.... American marchers in the German-American Bund....
I simply cannot imagine the moral case for our allying ourselves with a man who was responsible for the deaths of over six million innocent people! Of course, it is really no better to imagine ourselves allied with a man who was responsible for the deaths of over 20 million innocent people...
It is a tantalizing possibility that if the U. S. had never gotten "back-doored" into Churchill's European War by cutting off Japan's oil in 1941, those six million might never have been sent to gas chambers in the first place! Why would I speculate that? The Nazis were up to their necks in wars on the Western and Eastern Fronts by the end of 1941, and they had incarcerated hundreds of thousands of people all over the greatly-expanded "Reich" -- Jews, Gypsies, Catholics, 'intellectuals' of all kinds in all the affected countries, Russians, Ukrainians, etc., etc. As the intense needs of resources for war became more acute, the sheer problem of providing even the bare essential amounts of food, clothing, and shelter for the imprisoned people became a BIG problem for the Nazis! None of the other countries in the world would take shiploads of people off the Nazis' hands, including the United States, so, the Nazis had a big conference at a place called Wansee, in January 1942, to figure out what to do about one large contingent of those in the 'camps' -- the Jewish people! Link: https://en.wikipedia.org/wiki/Wannsee_Conference Unfortunately, governing authority over the whole thing was given to the SS, and they lobbied for extermination instead of any further attempts to get the Jews shipped off to America, South America, or anywhere else. THAT DOES NOT EXCUSE WHAT THEY DID, but it does explain why they chose that path in terms that were logical to the SS.... Then, early in 1942, it became more and more apparent to 'the High Command' that Germany was probably going to lose the war in Russia, and the SS got even more desperate.... The rest is history. But, again, it is very possible that if America had offered to take those people, and, stayed OUT of Churchill's European war, the exterminations might never have happened! . "Who needs more Jews in here? War will be great for BUSINESS!"
