So we continue to hear how Europe is getting worse as far as economics especially Greece after the massive cuts to people, services and "entitlements" . Are Austerity measures during a crisis all that effective in curbing debt? Are there any examples of this actually working? To me it seems like cutting your arm off to get rid of a deep gash in your arm.
Here in the United States I constantly hear
"We have a spending problem not a revenue problem. "
Is this true or have the incomes of people decreased so much that there just simply is not much revenue brought in?
it get's it's income directly from Joe Public and Public Ltd.
Who get services from the government such as road , schools , Military , fire departments , things CONservatives call "entitlements" (which are actually vital pieces), etc
Those who like to pummel the rich do not understand that it is after all the rich that have provided the means for growth in any economy.
Growth is driven by demand and the primary producer of demand are the lower classes. If Johnny Rich gets a tax cut for his company and is making a profit. Why would he expand or hire if there is no increased demand or need? Johnny is going to pocket the money.
then he will pay by losing his job because his boss is trying to make a profit and pay Mr Taxman at the same time.
It's more likely if there is a need for the employee because of demand for a product that Mr. Boss will simply find another way or just be fine. Demand drives hiring not Rich people having extra money hanging around. Perhaps shareholders won't get divdinds that quarter or Mr. Boss just gets a smaller Bonus? Although in the modern landscape caused by insane growth and detachment those are hardly ever considered options like they used to.
Calling Taxes Revenue is the easiest way to court disaster as taxes are not revenue they are taxes,
Because you believe the government takes your money and hides it in cave?
Laissez-faire economics!
Which is proven as flawed as communism. There is no functioning large economy where at least a little Socialism hasn't been integrated in
said before...it cannot be proven as bad or worse if it's never been tested...please feel free to correct me...i.e. please tell where this experiment has run...let alone where it has failed.
The Proof is in the "Industrial Revolution" and the "roaring twenties" that caused the periods directly following both periods. I know Libertarians have rewritten history concerning this but the truth of the matter is that the Warren and Coolidge polices CAUSED the depression. The Tax cuts at the top and lack of oversight. Those were NOT invested in buying a widget machine but in ventures that should be considered fraud producing money out of something you know is set to fail. One example that applies to 1928 as well as today is The Banks took huge risks in order to reap bigger rewards. Bad loans were issued to in which the bank had invested, and clients encouraged to invest in the securities of those loans. This my friend is fraud and was against the law from 1934 to 1999.
As for tax cuts I want you to answer this before we continue
Would you please explain why every time the top tax rate has been reduced the growth of income of 80% of the population ceases? We see this after Harrding and Into Coolidge and again after Reagan Agitated by Bush.
What causes it? (I want you opinion before I tell you mine)
there are billions of poor africans, but that doesn't seem to have brought about much growth in any country in this continent...
Because those people live in societies that are either ruled by dictators or in the case of Somalia your wonderful Laissez faire. Pure failure.
you more than likely inhabit the the ranks of the 'please feel sorry for me'.
Hardly my heart doesn't bleed... I honestly could care less about sally's income problems. I however know for a fact that if she doesn't get help while looking for a job she will pull the rest of us down with her.
Maybe he buys a new machine which allows more widgets to be made, so now he can increase his output at a lower price allowing for him to drop his selling price to allow for lower earners to buy his product thereby increasing overall market share.
Johnny's company is the only company that makes widgets. What market share does he need to gain? If the share holders and executives complain about slow rising Dividends and not recieving a larger bonus than last year it's more likely he will lay of Joe Blow off and make tom take on the extra work while telling tom he needs to take a pay cut.
Not attempting to be a bother but perhaps you missed it in my larger message in Message 60.
I really want to know your take on this
Would you please explain why every time the top tax rate has been reduced the growth of income of 80% of the population ceases? We see this after Harrding and Into Coolidge and again after Reagan Agitated by Bush.
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