Cartoon "sums" it up nicely
Feb 20, 2018 00:42:01 #
LWW
Loc: Banana Republic of America
Wellhiem wrote:
Regardless of whether you call it a tax cut or a cut in the rate of taxes, it will by definition result in less money for the government unless that shortfall is made up elsewhere. So where is that shortfall being made up from? Just to avoid any further misunderstanding, let's call it a redistribution of tax.
History teaches otherwise.
The Reagan, JFK and Bush tax cuts flooded the treasury ... where the windfall was made up is by spending all of it, plus more.
Feb 20, 2018 07:27:21 #
LWW wrote:
History teaches otherwise.
The Reagan, JFK and Bush tax cuts flooded the treasury ... where the windfall was made up is by spending all of it, plus more.
The Reagan, JFK and Bush tax cuts flooded the treasury ... where the windfall was made up is by spending all of it, plus more.
"The Economic Recovery Act of 1981, also known as the Reagan tax cuts, was the biggest reduction in U.S. taxes of the past 70 years, possibly even the biggest ever. 1 That much is reasonably well-known.
What is less well-known is that these cuts were then followed by a series of tax increases that, if you add them all together, were almost as big as or even bigger than the 1981 cuts, depending on the measure you use."
https://www.bloomberg.com/view/articles/2017-12-15/the-mostly-forgotten-tax-increases-of-1982-1993
Feb 20, 2018 07:43:37 #
LWW
Loc: Banana Republic of America
It’s a shame you guys don’t read your own links, which tell you that it’s mythology is based on a static model and not reality.
Please post responsibly.
Please post responsibly.
Feb 20, 2018 08:20:29 #
thom w
Loc: San Jose, CA
LWW wrote:
It’s a shame you guys don’t read your own links, which tell you that it’s mythology is based on a static model and not reality.
Please post responsibly.
Please post responsibly.
Please read and follow your own advice: "Please post responsibly".
Feb 20, 2018 08:41:19 #
Wellhiem wrote:
Regardless of whether you call it a tax cut or a cut in the rate of taxes, it will by definition result in less money for the government unless that shortfall is made up elsewhere. So where is that shortfall being made up from? Just to avoid any further misunderstanding, let's call it a redistribution of tax.
They are talking about a 25 cent increase on the gas tax and privatizing the highways and turn them into toll roads. no matter what you call it, its a tax that hits the middle class hardest.
Feb 20, 2018 09:18:23 #
LWW
Loc: Banana Republic of America
thom w wrote:
Please read and follow your own advice: "Please post responsibly".
I always do,that’s why you hate me.
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