voo doo economics
- Thread starter evince
- Start date
Lightbringer
Loves Me Some Souls
Yeah, and he was wrong.
evince
Truthmatters
voodoo economics is thinking handing some freeloader another person's money will motivate that freeloader to do better for himself. $22 trillion on social welfare in 50+ years in an effort to eradicate poverty has been a failure and a waste. Why do you support such failures?
Taxing those that produce and giving it to those that refuse to try thinking it will motivate the latter to do anything but beg is stupid. $22 trillion wasted on social welfare over 50+ years.
canceled.2021.1
#AMERICAISDEAD
You don’t understand economics. Lowering tax rates DID increase revenue to the treasury
The democrat party Congress outspent the revenues
We don’t have a lack of taxation problem. We have a spending problem in this country
People like you think your fellow citizens are your personal piggy bank
evince
Truthmatters
https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States
here it is again
take a look at the list of EVERY US recession in history
it only takes a couple of minutes
if you have enough brain cells the patterns are very easy to see
here it is again
take a look at the list of EVERY US recession in history
it only takes a couple of minutes
if you have enough brain cells the patterns are very easy to see
Multiple times when taxes have been lowered it's produced that result.
evince thinks someone unwilling to do for him/herself is owed a living by those that are.
why botherTranquillus in Exile
New member
It's not as simple as that. Revenue rose strongly under Clinton when tax rates were largely flat. The Bush tax cuts of 2001-2003 produced a marked drop in revenue, at least initially.
https://taxfoundation.org/does-lowering-taxes-increase-government-revenue
montgomery
Verified User
Also known as Supply Side Economics. If you don't understand what it is then check out the Laffer curve.
https://en.wikipedia.org/wiki/Laffer_curve
In a nutshell, it's saying that a point is reached on the curve at which less taxes paid into the system produces more tax money into the system. And of course they are talking about big corporations' taxes. The truth is, even though it's not widely known by Americans, it's still alive and well and working to the detriment of the people. It's a part of the American way that is held dear by both Dems and Repubs.
evince
Truthmatters
its easy to look and see the results without someone vomiting bullshit in your ear
READ THE FACTS
evince
Truthmatters
https://en.wikipedia.org/wiki/Arthur_Laffer
Laffer is currently an economic adviser to Kansas Governor Sam Brownback, who in 2012 zeroed out state tax liability for approximately 330,000 of the top wage earners in the state.[15] The state, which had previously had a budget surplus, experienced a budget deficit of about $200 million in 2012. Drastic cuts to state funding for education and infrastructure have been implemented because of the budget deficits.[16] Brownback's tax overhaul was described in a June 2017 article in The Atlantic as the United States' "most aggressive experiment in conservative economic policy".[17] The drastic tax cuts had "threatened the viability of schools and infrastructure" in Kansas.[17]
your reaganomics are a fucking joke asshole
Laffer is currently an economic adviser to Kansas Governor Sam Brownback, who in 2012 zeroed out state tax liability for approximately 330,000 of the top wage earners in the state.[15] The state, which had previously had a budget surplus, experienced a budget deficit of about $200 million in 2012. Drastic cuts to state funding for education and infrastructure have been implemented because of the budget deficits.[16] Brownback's tax overhaul was described in a June 2017 article in The Atlantic as the United States' "most aggressive experiment in conservative economic policy".[17] The drastic tax cuts had "threatened the viability of schools and infrastructure" in Kansas.[17]
your reaganomics are a fucking joke asshole