Duck_dodgers007 Posted October 26, 2012 Share Posted October 26, 2012 http://www.foxnews.com/politics/2012/10/25/80-top-ceos-call-for-tax-hikes-spending-cuts-to-cut-deficit-by-4-trillion/ More revenue Link to comment Share on other sites More sharing options...
unbillievable Posted October 26, 2012 Share Posted October 26, 2012 The only way to reduce the debt is to cut spending AND raise taxes. The problem is that Republicans don't want to raise taxes and Democrats refuse to cut spending; So no matter which party is in charge we're screwed. Link to comment Share on other sites More sharing options...
Chef Jim Posted October 26, 2012 Share Posted October 26, 2012 http://www.foxnews.c...-by-4-trillion/ More revenue God ou are such a !@#$ing tool. Link to comment Share on other sites More sharing options...
Duck_dodgers007 Posted October 26, 2012 Author Share Posted October 26, 2012 God ou are such a !@#$ing tool. Learn to spell. So funny how that simple post sent your dumb ass over the edge, lol Link to comment Share on other sites More sharing options...
Chef Jim Posted October 26, 2012 Share Posted October 26, 2012 Learn to spell. So funny how that simple post sent your dumb ass over the edge, lol Wow, yeah thanks for pointing out I don't know how to spell you. Now care to explain why you only felt in necessary to put half of their suggestion in the title and first post of this thread? Link to comment Share on other sites More sharing options...
dayman Posted October 26, 2012 Share Posted October 26, 2012 The results of the analysis suggest that changes over the past 65 years in the top marginal tax rate and the top capital gains tax rate do not appear correlated with economic growth. The reduction in the top tax rates appears to be uncorrelated with saving, investment, and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie. However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution. http://graphics8.nytimes.com/news/business/0915taxesandeconomy.pdf ...btw...we are at extremely low tax rate today...contrary to right wing fantasy land Link to comment Share on other sites More sharing options...
Duck_dodgers007 Posted October 26, 2012 Author Share Posted October 26, 2012 Wow, yeah thanks for pointing out I don't know how to spell you. Now care to explain why you only felt in necessary to put half of their suggestion in the title and first post of this thread? Because you GOPers are always saying we don't have a revenue problem, obviously that isn't so. Link to comment Share on other sites More sharing options...
Chef Jim Posted October 26, 2012 Share Posted October 26, 2012 ...btw...we are at extremely low tax rate today.. Complared to what? Extremely high tax rates in the past? Because you GOPers are always saying we don't have a revenue problem, obviously that isn't so. We have a revenue problem now because we never kept our spending addiction in line with our revenue. Oh and BTW I'm not a GOPer. Link to comment Share on other sites More sharing options...
Duck_dodgers007 Posted October 26, 2012 Author Share Posted October 26, 2012 Complared to what? Extremely high tax rates in the past? We have a revenue problem now because we never kept our spending addiction in line with our revenue. Oh and BTW I'm not a GOPer. You are not? Lol, ok. How about the tax rates the last time we balanced the budget? Link to comment Share on other sites More sharing options...
dayman Posted October 26, 2012 Share Posted October 26, 2012 Even Ben Stein who hates Obama went on Fox and Friends and said it's obvious taxes are too low. Every staffer who wrote an article I've ever read identifies the tax cuts as the primary problem w/ deficits since 2000. But no...cut taxes more. All you hear...from "that" crowd...they get upset if you say this but the truth is they are brainwashed and uninformed. You don't have to support Obama btw to acknowledge this...you just have to say "yes, it is true" and then say "for the following reasons I still hate Obama"... Link to comment Share on other sites More sharing options...
Cinga Posted October 27, 2012 Share Posted October 27, 2012 You are not? Lol, ok. How about the tax rates the last time we balanced the budget? And your thoughts are totally ignorant.... Federal government spending now, is about 26% of GDP. Historically, our economy does best, if the gov is reigned in to less than 20% of GDP. This is compounded even worse when states and locals are raising spending as well, stealing even more from your pocketbook... Do we need a total list of taxes and fees to help you understand??? If so, google is your friend.... Link to comment Share on other sites More sharing options...
fjl2nd Posted October 27, 2012 Share Posted October 27, 2012 (edited) And your thoughts are totally ignorant.... Federal government spending now, is about 26% of GDP. Historically, our economy does best, if the gov is reigned in to less than 20% of GDP. This is compounded even worse when states and locals are raising spending as well, stealing even more from your pocketbook... Do we need a total list of taxes and fees to help you understand??? If so, google is your friend.... You do have some points here but I'm assuming your answer to this problem is to cut spending correct? The truth is that spending has never been decreased. The reason that the spending to GDP is still high right now has nothing to do with an exaggerated explosion in spending, but more with the fact that GDP growth is not as high as we want and was negative in 2008 and part of 2009. So our focus should be improving the economy and adding jobs instead of dumb austerity policies that usually have the opposite of the desired effect. Edited October 27, 2012 by fjl2nd Link to comment Share on other sites More sharing options...
KD in CA Posted October 27, 2012 Share Posted October 27, 2012 You do have some points here but I'm assuming your answer to this problem is to cut spending correct? The truth is that spending has never been decreased. The reason that the spending to GDP is still high right now has nothing to do with an exaggerated explosion in spending, but more with the fact that GDP growth is not as high as we want and was negative in 2008 and part of 2009. So our focus should be improving the economy and adding jobs instead of dumb austerity policies that usually have the opposite of the desired effect. It is an exaggerated explosion in spending when the government refuses to acknowledge the real GDP growth when setting (and exceeding) their budget. "Creating jobs" by putting tens of thousands on government payrolls isn't fixing the problem. Nor is flushing billions down the toilet in politically motivated 'grants' for bad ideas (pick your favorite 'green' initiative). We could easily slash government spending by billions upon billions without harming real economic growth. Link to comment Share on other sites More sharing options...
Rob's House Posted October 27, 2012 Share Posted October 27, 2012 The results of the analysis suggest that changes over the past 65 years in the top marginal tax rate and the top capital gains tax rate do not appear correlated with economic growth. The reduction in the top tax rates appears to be uncorrelated with saving, investment, and productivity growth. The top tax rates appear to have little or no relation to the size of the economic pie. However, the top tax rate reductions appear to be associated with the increasing concentration of income at the top of the income distribution. http://graphics8.nytimes.com/news/business/0915taxesandeconomy.pdf ...btw...we are at extremely low tax rate today...contrary to right wing fantasy land Corporate tax rates are a problem. Anyone who can't see that is trying really hard not to. Of course, just as important as taxes are other burdens put on employers such as EPA regulations (if you just see EPA = good and discount the reality that they are averse to cost benefit analysis you might as well join the Flat Earth Society), health care costs, etc. In a global economy you can't impose whateve you want on business & only sacrifice productivity. At some point business will GTFO or choose to set up shop elsewhere from the outset. But instead of a realistic approach to the problem, we get a bunch of hot air about outsourcing and a bunch of lies (laughably by the incumbent this time around) about stopping outsourcing with taxes; which even the Dems know is bull ****, but they throw as a lifeline to their loyal followers who want to believe so bad they'll buy anything. You do have some points here but I'm assuming your answer to this problem is to cut spending correct? The truth is that spending has never been decreased. The reason that the spending to GDP is still high right now has nothing to do with an exaggerated explosion in spending, but more with the fact that GDP growth is not as high as we want and was negative in 2008 and part of 2009. So our focus should be improving the economy and adding jobs instead of dumb austerity policies that usually have the opposite of the desired effect. You should know better. The problem with spending is structural, and will increase exponentially and indefinitely until the entitlement system is reformed. But it's not going to happen because when you reform entitlements someone stops getting a check, everyone wants to cut spending w/o losing their goodies, & as long as we have a significant contingency in the population that thinks money grows on printing presses, & "compassion" is a viable alternative to common sense, we'll continue with this political culture of Santa Clause government. But Santa's bag is getting light. Link to comment Share on other sites More sharing options...
Chef Jim Posted October 27, 2012 Share Posted October 27, 2012 http://www.foxnews.com/politics/2012/10/25/80-top-ceos-call-for-tax-hikes-spending-cuts-to-cut-deficit-by-4-trillion/ More revenue Raise taxes for everyone or just the "rich"? Link to comment Share on other sites More sharing options...
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