??? Our liberals were spies for the USSR. They gave Stalin the bomb. When Uncle Joe asked them if they were communists they took the 5th. Obama had 3 communist parents and voted to left of Bernie Sanders. Bernie Sanders supported the Sandinistas and honeymooned in the USSR. You didn't know that govt was bigger than ever when Obama took over and all he wanted was to make it far bigger still and even now all Sanders wants is to make far bigger still and communist!! Read" Never Enough" to see why there is never govt for our libcommies. And read "Useful Idiots" for a complete list of all of our liberals were/who are communists.
Once again, you are not quoting the person to whom this message is addressed. So, how are they supposed to know to reply ... ?
First, taxes on the wealthiest Americans are somewhere between 15-20% (effective rate), so I don't think it's necessary to jump to 90%. Even when the tax rate was that high, that wasn't the effective rate. I don't have the numbers in front of me but I suspect the wealthiest paid a good deal less. Next, I'd like to see any example of where taxes are raised the wealthy decided in protest not to buy stuff or hire people to work at their companies. This is sheer non-sense. If the top 400 Americans average $20 billion or $3 billion, they are still the wealthiest Americans. They can still buy stuff that no one else can buy. They can still afford a lifestyle that no one else can. They just have less idol money. Course, it won't work unless those at the bottom have more money to spend as a result. If the bottom 80% see their incomes rise they will increase demand. That's good for business (and the people that own them). The problem with rising wages is that employers must pay increased wages before they see the benefits of increased demand. The opposite is also true. If a company cuts wages, either through stagnation, cutting jobs, or reducing benefits, the company will see an immediate boost in the short term, but the long term effect is reduced demand as people have less to make purchases. The worship of unfettered capitalism is to always ensure that the wealthy have the capacity to supply goods and services (and the jobs it takes to create them), but in reality, most of the wealthiest among us, the top .1% really don't create many jobs, most (about 60%) are in management or finance.
They don't protest. They just don't. They want to keep what they have, no matter how wealthy. Do you remember the boat tax?
VOMIT And they have a LOT. Far more than they deserve - no wonder they make statues of "Saint Ronnie". It was his miracle of reducing upper-income taxation that created this monumental rip-off: The Income Disparity is sufficiently acute to make any sane-minded vomit ...
many many famous examples that a libcommie would be naturally blind to. There was a luxury tax that hit the yacht industry very hard. Sales collapsed, 1000's of workers in the industry lost their jobs and the tax had to be repealed. Back then, Congress told us that the luxury tax on boats, aircraft and jewelry would raise $31 million in revenue a year. Instead, the tax destroyed 330 jobs in jewelry manufacturing and 1,470 in the aircraft industry, in addition to the thousands destroyed in the yacht industry. Those job losses cost the government a total of $24.2 million in unemployment benefits and lost income tax revenues. The net effect of the luxury tax was a loss of $7.6 million in fiscal 1991, which means Congress' projection was off by $38.6 million. The Joint Economic Committee concluded that the value of jobs lost in just the first six months of the luxury tax was $159.6 million. Ireland dropped their corporate rate to 11% and the wealthy moved their corporations there in whole or in part!! Connecticut is famously losing billionaires and hedge their hedge funds thanks to the high taxes.
Back then, Congress told us that the luxury tax on boats, aircraft and jewelry would raise $31 million in revenue a year. Instead, the tax destroyed 330 jobs in jewelry manufacturing and 1,470 in the aircraft industry, in addition to the thousands destroyed in the yacht industry. Those job losses cost the government a total of $24.2 million in unemployment benefits and lost income tax revenues. The net effect of the luxury tax was a loss of $7.6 million in fiscal 1991, which means Congress' projection was off by $38.6 million. The Joint Economic Committee concluded that the value of jobs lost in just the first six months of the luxury tax was $159.6 million.https://townhall.com/columnists/wal...10/ignorance,-stupidity-or-connivance-n869382
of course Americans in general can buy more than the rest of the world but this is irrelevant. People need to always strive for more no matter how much or how little they have. Nothing could be against human nature more than interfering with this process. But that is exactly what libcommies do and exactly how they slowly starved 120 million human souls to death.
1) Gates Buffett Zukerburg Ellison Bezos Bloomberg, Waltons created more jobs than the bottom 75%!! 2) finance people bring people with money together so jobs can be created!! This is a 100% critical function!!
That's a tax on a product, not wealthy individuals. You won't get an argument from me that corporate tax rates should be lower, but again, corporate taxes aren't a tax on the wealthy, it's a tax on everyone as corporations simply pass costs on to purchasers If companies fled Ireland because of increased corporate taxes it was because there were imports that could be sold at a lower price in Ireland. You don't understand history and you revise it to suit your personal ideology. Look up Lysenkoism and you might learn something about the real reason people starved on Communist Russia. Hint: It was a rejection of the science of biology in place of Communist ideology. Ideology kills. Science works.
actually the wealthy own yachts. When liberal fools taxed them by taxing their yachts they objected and stopped buying yachts, and the industry, jobs etc disappeared. People don't like to get ripped off, let alone ripped off for crippling welfare used to by treasonous liberals to buy votes!!
and I suppose its only coincidental that libcommie Red China also slowly starved 60 million, and that South Korea does far better than North Korea, and West Germany did far better than East Germany, and Venezuela is going down the libcommie crapper?
yes its is a tax on everyone but liberals don't realize it. They want corporations to pay their fair share! We have the tax to pander to the pure ignorance of liberals. Nevertheless, a business must compete so if a competitor is moving off shore and destroying domestic jobs to avoid the tax he must do it do. Perfect example of libcommieism in action.
It was the Democrats/ liberals/ Union's in cahoots with each other fool that ran off jobs.. I didn't change anything Yup only a lefty would deflect the blame and play the victim..once again the company's gave the American consumer what they wanted cheap products and they delivered ... Me childish? I am 52 the only childish games that were played we're by the American style Union's who thought their lackadaisical work habits and gravy train would last forever. Everyone who had a brain seen the writing on the wall in the 1970s that the world was finnaly catching up after WWIII ..
Taxing corporations to raise revenue for the federal government is dumb. We agree, does that mean you're a commie liberal because we share the same opinion on something?
Then you are full of bull ****. As I said, it was Dole, and Bush43, that gave us NAFTA, and the WTO. That was when jobs left, and the plants that created those jobs, Wrong again. They gave the people cheap goods based on quality. Costs have not gone down, they have risen, and profits for the corporations have increased while productivity by the American worker has increased. Only a right wing useful idiot would think the American consumer wanted cheap quality, no jobs, and stagnant wages... What a load of garbage. The unions are what gave us a living wage, a growing economy, and a more equal sharing of the profits. Your "right to work" States are creating poverty: http://www.epi.org/publication/right-to-work-states-have-lower-wages/
This threads title reads "Right Wing Economics", and seems to go off on a tangent over Internet regulation. I seriously doubt a universally accepted definition of "Right Wing Economics" and "Left Wing Economics" can be provided by any of us. Perhaps we should refrain from constantly attempting to apply "Left" and "Right" labels in order to divide and politicize each and every issue we seemingly attempt to discuss, and instead try to dwell on how we can achieve some common ground on both defining issues we each feel needing attention and how they can be solved in ways acceptable to nearly all of us. At times it seems to me that we may have exceeded our ability to remain a Nation of 50 States and the inhabitants might be better served by dissolving our Union allowing each of the 50 States to govern themselves without a Federal government, allowing people to move to where their interests can be best served. As for Internet regulations, what regulations would we like to see applied? Perhaps we should try and define "Economics", without application of a political agenda, clearly and precisely before attempting to discuss it?
Trying to revise history once again who signed NAFTA , what did someone hold a gun to Bill Clinton's head? And once again people who knew anything saw the writing on the wall and we were becoming a global economy...our imports passed are exports in the mid 1980s WE HAD NO CHOICE What do you mean cost did not go down? What planet do you live on of course cost went down ..for the manufacture and consumer..once again you refuse to acknowledge the company's gave the GREEDY American consumer they wanted ...cheap crap from China BTW My first DVD player costed me $400 bucks My first computer $5,500 My first scanner $1,500 So tell us how did productivity by the American worker increase? So you going to tell us the American worker magically works harder today then some guy 100 years ago? Or are you going to tell us the American worker bought their own computers, automation ...etc..etc.for the company's they work for? That's exactly what the American worker did...it was THEM who caused their own jobs to leave...it was there GREED, they wanted $50 dollar an hour floor sweeping jobs and be able to buy $10 dollar a pair blue jeans.. No it was WWIII who created the middle class, it was lack of rules and regulations, a damn monkey could start a manufacturing plant in his garage and become a millionaire back then The RTW states brought in jobs, where I live in SC it just used to be farm and textile jobs, today thanks to Republican control it is becoming a manufacturing power house. And dont give me that BS of lower paid jobs, if what I do paid more up in the blue states I wouldn't have moved.
