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I’m sorry, I was referring to corporate taxes along with the lack of oversight and loopholes that allowed companies to avoid paying taxes. Not to mention all of the outsourcing of jobs to other countries, moving headquarters overseas, farms and construction companies hiring illegal immigrants, etc. There was stimulation alright. It just failed to “trickle down.” It sorta “trickled up.”
Hopefully people are realizing that giving the gov’t, (any gov’t Repub or Dem) controlling over 1/3rd of our economy is a really BAD idea. Healtcare is 18% of our GNP, with GM & Chryslar, Banks, AIG etc. and then Cap and tax -which is just another MASSIVE tax scheme/power grab- our country will be changed forever, not for the better. It will be more and more rules, regulations, fines, taxes and gov’t control. New Zealand is looking better every day.
Q ;is it possable that because of the tax cuts the “workers” had more disposible income and bought products made by the “upperclass” there-by increaseing their wealth through sales bonuses from increased revenue?
A: yes that is what happened . tax cuts are the best/cheapest why to stimulate an economy without causing inflation
I was just using your logic of prices going up from taxes going up. Taxes went down under Bush and the upper class income rates skyrocketed. You’d think savings could be passed on to the consumer or worker just like you said increased costs would.
And I don’t advocate capped wages but MOST economists believe that it IS the role of the government to ensure proper distribution of wealth through taxes in order for capitalism to sustain itself. Look up “Income Inequality in the United States.”
prices of what want up? oil? that had nothing to do with wages or taxes . it had to do with energy speculators mostly! do believe me? lord obama is trying to regulate
energy speculation with legislation right now,because of
that 2007 energy run up . so what do you want capped wages? or all out communism?
Using your logic they could either raise prices to make up for higher taxes or some of them could just stop paying their CEOs $30,000 a day (see Aubrey McClendon, Chesapeake Energy Corp.) Under Bush taxes went down and prices still went up. Did you look at the chart on Wikipedia yet?
you have the same right to hire those cheap workers at your business,if they don’t want the work some one else will do it . also if you tax theses “rich” people more don’t you think they will need to rise prices on product to make up for that? or will they just downsize and layoff your poor little prolitariets ,or maybe get on the govt dole too . try reading the US constitution or some thing about true free markets(we have’nt had since 1913)
If you think “earning cash” means paying workers less and less and providing fewer and fewer benefits then I can see your point.
My point is that the income rate for the upper class has increased dramatically within the last decade while income rates for the other classes have stayed almost the same. Alan Greenspan called it a “very disturbing trend.” Again, Look up “Income Inequality in the United States” on Wikipedia.
Sorry. It just took me a while to figure out what you meant. I thought you meant idiots would think rich guys were poor. And yes, there are more than to (two) classes and I’m neither rich or (nor) poor either.
My comment was about economists who warned of the dangers of concentrating wealth within a small percentage of the population. Look up “Income Inequality in the United States” on Wikipedia. It’s not just me saying it. It’s a real concern amongst economists.
maybe i think it is unfair to tax that “5%” even though i’m not that wealthy . they earned their cash same as you so either tax all the same or get a job hippy
Believe it friend ‘cuz it’s true. It’s well known that the upper 5% of the population pays over half the income tax collected. That just goes to show how insane the income gap is in our country. Many economists (including Alan Greenspan) have warned of the dangers of concentrating wealth within a small percentage of the population. What happens when there are only a few super rich folks and the rest are super poor? There will be no more customers to shop at Home Depot, Best Buy, Wal Mart…
December 28th, 2009 at 4:53 pm
anthhawk
I love the red state update!!!
Its the Yin to the Yang of Jon Stewart…
December 30th, 2009 at 12:36 am
ada
You guys are awesome!
January 1st, 2010 at 8:38 pm
jennhop
that’s cool.
January 4th, 2010 at 7:40 pm
picard
more like trickled away! but i’m in full agreement with this post of yours
January 6th, 2010 at 6:51 am
pauline
I’m sorry, I was referring to corporate taxes along with the lack of oversight and loopholes that allowed companies to avoid paying taxes. Not to mention all of the outsourcing of jobs to other countries, moving headquarters overseas, farms and construction companies hiring illegal immigrants, etc. There was stimulation alright. It just failed to “trickle down.” It sorta “trickled up.”
January 9th, 2010 at 12:11 pm
steve
Hopefully people are realizing that giving the gov’t, (any gov’t Repub or Dem) controlling over 1/3rd of our economy is a really BAD idea. Healtcare is 18% of our GNP, with GM & Chryslar, Banks, AIG etc. and then Cap and tax -which is just another MASSIVE tax scheme/power grab- our country will be changed forever, not for the better. It will be more and more rules, regulations, fines, taxes and gov’t control. New Zealand is looking better every day.
January 10th, 2010 at 11:14 pm
alan
Q ;is it possable that because of the tax cuts the “workers” had more disposible income and bought products made by the “upperclass” there-by increaseing their wealth through sales bonuses from increased revenue?
A: yes that is what happened . tax cuts are the best/cheapest why to stimulate an economy without causing inflation
January 13th, 2010 at 12:22 pm
stanley
I was just using your logic of prices going up from taxes going up. Taxes went down under Bush and the upper class income rates skyrocketed. You’d think savings could be passed on to the consumer or worker just like you said increased costs would.
And I don’t advocate capped wages but MOST economists believe that it IS the role of the government to ensure proper distribution of wealth through taxes in order for capitalism to sustain itself. Look up “Income Inequality in the United States.”
January 16th, 2010 at 1:37 am
glhamp
prices of what want up? oil? that had nothing to do with wages or taxes . it had to do with energy speculators mostly! do believe me? lord obama is trying to regulate
energy speculation with legislation right now,because of
that 2007 energy run up . so what do you want capped wages? or all out communism?
January 19th, 2010 at 9:06 am
hudson
Using your logic they could either raise prices to make up for higher taxes or some of them could just stop paying their CEOs $30,000 a day (see Aubrey McClendon, Chesapeake Energy Corp.) Under Bush taxes went down and prices still went up. Did you look at the chart on Wikipedia yet?
January 20th, 2010 at 8:20 am
juljor
Greenspan is an idiot .
you have the same right to hire those cheap workers at your business,if they don’t want the work some one else will do it . also if you tax theses “rich” people more don’t you think they will need to rise prices on product to make up for that? or will they just downsize and layoff your poor little prolitariets ,or maybe get on the govt dole too . try reading the US constitution or some thing about true free markets(we have’nt had since 1913)
January 23rd, 2010 at 1:37 pm
mier
If you think “earning cash” means paying workers less and less and providing fewer and fewer benefits then I can see your point.
My point is that the income rate for the upper class has increased dramatically within the last decade while income rates for the other classes have stayed almost the same. Alan Greenspan called it a “very disturbing trend.” Again, Look up “Income Inequality in the United States” on Wikipedia.
January 24th, 2010 at 10:33 pm
natasha
Sorry. It just took me a while to figure out what you meant. I thought you meant idiots would think rich guys were poor. And yes, there are more than to (two) classes and I’m neither rich or (nor) poor either.
My comment was about economists who warned of the dangers of concentrating wealth within a small percentage of the population. Look up “Income Inequality in the United States” on Wikipedia. It’s not just me saying it. It’s a real concern amongst economists.
January 26th, 2010 at 7:28 am
rosacha
WOW, you really burned me with that “to vs too” thing .
to your point;
who say’s its important for both classes to prosper?
Who says there are only 2 “classes”?
I’m neither rich nor poor
January 27th, 2010 at 7:28 pm
florfo
WOW you really burned me good on the “to vs too” thing .
to your point;
who say’s it’s important for both “classes” to prosper?
And who says it’s just to classes?
i’m neither poor or rich
January 30th, 2010 at 2:24 am
halvorson
You mean poor “too?” That’s what I’m saying. It’s important for both classes to prosper. Otherwise it’s a self defeating process.
January 31st, 2010 at 12:56 pm
calloway
if there’s no more customers at home depot then the rich guy becomes poor to idiot
February 2nd, 2010 at 9:39 am
pinkston
maybe i think it is unfair to tax that “5%” even though i’m not that wealthy . they earned their cash same as you so either tax all the same or get a job hippy
February 5th, 2010 at 1:02 pm
meahend
They can’t afford beer anymore, Obama taxed the **** out of it.
February 5th, 2010 at 8:10 pm
juan
Believe it friend ‘cuz it’s true. It’s well known that the upper 5% of the population pays over half the income tax collected. That just goes to show how insane the income gap is in our country. Many economists (including Alan Greenspan) have warned of the dangers of concentrating wealth within a small percentage of the population. What happens when there are only a few super rich folks and the rest are super poor? There will be no more customers to shop at Home Depot, Best Buy, Wal Mart…
February 6th, 2010 at 11:18 am
mafr
I don’t believe that the upper 5% can pay for all this spending. (Considering the large amount of it)
February 9th, 2010 at 5:39 pm
gerwilli
Where’s the beer cans?
February 12th, 2010 at 11:12 am
william
…..then what the hell was paul revere & the raiders………bwaaaahahahaha.
February 14th, 2010 at 3:35 pm
stella
“…… I switch it over to animal planet. ”
Classic
February 17th, 2010 at 10:16 pm
blanbre
You raise your prices or you stop paying your executives 25,000 dollars a day. (see Mark Bertolini, president of Aetna.)