Dem Debate Thread

[Arnfinn Madsen]

Are these guys ultra left socialists as well?:

Analyzing the Economic and Budgetary Effects of a 10 Percent Cut in Income Tax Rates

[pokerbobo]

[ QUOTE ]
Are these guys ultra left socialists as well?:

Analyzing the Economic and Budgetary Effects of a 10 Percent Cut in Income Tax Rates

[/ QUOTE ]

Government getting involved in healthcare more than they already are is ultra left....

Anyway...look at the yachting industry. The dems wanted to stick it to the rich and put a luxery tax on yachts. (tax increase) The rich said screw this I wont buy a yacht. Thousands lose the job they rely on....all those income taxes are now lost, the sales taxes on yachts that are no longer being bought are now lost, and the corporate taxes are now lost. (but the dems got the tax increase they wanted)...so now you cut the tax...and all that revenue is realized again....(a tax cut now has generated more revenue)
We live in a dynamic economy....a tax increase does not equal more revenue. The carter admin is a great example of this principal. Some of you might not remember those days, but we had a misery index to measure public misery, gas lines and shortages, inflation was huge, but at least we had a high tax rate on the wealthy...I believe it was 70%.
Hooray Jimmy!!!!!! [img]/images/graemlins/crazy.gif[/img]

A little blast from the past for ya.... from 1978, I'm not sure, but govt tends to add much more than they repeal...so I'm guessing its worse now than it was 29 years ago. http://alanchapman.org/libertyvault/...gton.html#CH02

Notice all the taxes on bread, milk, eggs etc. Who do you think gets hurt by all these taxes the most? My bet is that when the producers, transporters, sellers of this kind of product pass these taxes on to the consumer...the poor get hurt much more than the rich.

What we have now is a repub party doing the best they can to look like the dems of 1950-1985, and the dem party trying to turn America into a socialist type state incrementally. [img]/images/graemlins/confused.gif[/img]

Ron Paul for President!!!!! [img]/images/graemlins/grin.gif[/img]