Damn.....I did sooooo much better with Bushonomics. My house lost more than half of it's value and I lost my job of 23 years. Good times....... :shock: But at least no one was clamoring to tax the rich.... 8)
Now your children and grand-children don't have a future either. You're like butter, you're on a roll... 8)
Jim, he can't see beyond his own needs. His children are not his concern. "Give me what I want and let my children pay for it."
I hope my children can be rich enough to worry about taxes and if they are they are doing pretty damned good. If they do reach that level I don't expect that they just can't wait to "trickle" it down to those that need better paying jobs......just like I think they'll starve if they wait around for the rich to take care of their employment needs. That whole concept is such a joke.
Just exactly what concept is that? The concept that suggests a lesser tax burden is more beneficial than a higher tax burden for the health of private sector economy? The concept that suggests that incremental income gains increases consumption and therefore economic growth given that personal consumption represents 70% of our economy? If you can show that either of those is a joke, you my friend, will win a Nobel Prize, because the men that preceded you and proved empirically that they were in fact not "a joke" did win the Nobel Prize....good luck to you.
The rich don't get that way because they care about elevating the pay status of their employees. If every business owner had the opportunity to slah theiur payrolls by 50% with layoffs and pay cuts but still maintain profitability and more importantly production levels to meet revenues then that's what they would do by a 100% majority and who would blame them? If at the same time they enjoyed a corporate tax break....as Gov. Scott wanst to do here in Florida i do not thionk that those business owners would capitualte suddendly out of the goodness of their hearst and keep people at pay levels higher than necessary and keep employees on the payroll they do not require. In other words.....extra money from lower taxes goes into the wallet......the bank account and the kids trust fund unless it specifically can improve the margin.....boost revenues......boost production. The problem in this country now after the Great Recession is that more seem concerned about personal wealth than taking business risks.
Some does for sure, but not all.....and then what happens to it? What happens to the money that goes into the bank and the kids trust fund? Where does it go from there? As for the rest, some gets spent, increasing consumption/demand for goods and services ......and then what happens? Like I have suggested before, if you can prove - as you believe - that there is not benefit to the economy at large by an increase in discretionary income, you will receive a Nobel Prize......without question. You will have undone centuries of economic and behavioral science and no doubt compel those that have come before you to return their prizes and refute their empirical evidence. Whether you understand and/or appreciate it or not, what you are suggesting is the equivalent of telling a group of educated adults that the Earth is flat and that plotting a lengthy course without turning back will result in one falling off the edge......it is not and they won't. Carry on....
:idea: In our time, 42% of every dollar spent by the national government goes to pay off interest on the national debt. At the rate that Obama is spending money, (more than all previous presidents combined) that number will rise to 80% of every dollar spent in just 20 years. Talk about "trickle down!" How about a little trickle up liberty for the people who actually do the work?
** Pythagorean theorem: ………………………………………24 words. ** Lord’s prayer:……………………………………………………66 words. ** Archimedes’ Principle: ………………………………………67 words. ** 10 Commandments: ………………………………………..179 words. ** Gettysburg address: ………………………………………..286 words. ** Declaration of Independence : ………………………..1,300 words. ** US Constitution with 27 Amendments : ……………. 7,818 words. ** US Government regulations on sale of cabbage: 26,911 words.
Wow! Even Dave wouldn't agree to a credit card with that interest rate. But he'd support the idiot that cut that deal for us. :roll:
The problem with that statement is that I never "agreed" to any credit card with a high interest rate. I was however suckered in to low rates that later on were arbitrarily jacked up by thieves. Thieves that would still be unchecked today if the GOP had it's way.