voo doo economics

montgomery said:
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.
Click to expand...

Laffer was laughed out of Kansas when his trickle-down, supply-side experiment failed LIKE WE SAID IT WOULD THE WHOLE TIME.

It's why Kansas now has a Democratic governor.
 
CFM said:
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.
Click to expand...

It's usually the White people who draw Welfare or Food Stamps that scream the loudest about minorities who seek help from the government.

Just so you will know! So you aren't fooling anyone! You're on the take and have no room to talk, so STFU!
 
CFM said:
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?
Click to expand...

Poverty was on the decline through the 60's and 70's until the 1980s. Then something happened in 1980 that caused poverty to grow again. The rise in poverty directly correlates with the attacks on anti-poverty programs by Reagan and his supply-side cavalry of frauds, hucksters, phonies, and goofs.
 
evince said:
and laffer himself told you shits his idea only worked in CERTAIN conditions
Click to expand...

It doesn't work in any conditions. For instance, point B on the Laffer curve is somewhere around 80% taxation. Can you prove that wrong?

Only fools continue to promote Supply side economics and it always leads to their embarrassment. It's a scam on the people and it was promoted as being a part of the American way.
 
CFM said:
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.
Click to expand...

Are you fucking kidding with this shit?

We JUST CUT taxes for corporations 11 months ago and the result was corporations cutting jobs, like GM.
 
LV426 said:
Laffer was laughed out of Kansas when his trickle-down, supply-side experiment failed LIKE WE SAID IT WOULD THE WHOLE TIME.

It's why Kansas now has a Democratic governor.
Click to expand...

Austrian school asshole adherents


the short bus school of economics



the one that doesn't believe in math


you can see why they dont like math


Math destroys their idiot ideas
 
I Love America said:
You don’t understand economics. Lowering tax rates DID increase revenue to the treasury
Click to expand...

No it didn't.

Bush cut taxes in 2001, and revenues were below 2000 levels until 2005.

Brownback cut taxes in Kansas, and revenues dropped below pre-tax cut levels.

In no world has your economic philosophy ever worked.
 
montgomery said:
It doesn't work in any conditions. For instance, point B on the Laffer curve is somewhere around 80% taxation. Can you prove that wrong?

Only fools continue to promote Supply side economics and it always leads to their embarrassment. It's a scam on the people and it was promoted as being a part of the American way.
Click to expand...

look at Kansas idiot
 
LV426 said:
Laffer was laughed out of Kansas when his trickle-down, supply-side experiment failed LIKE WE SAID IT WOULD THE WHOLE TIME.

It's why Kansas now has a Democratic governor.
Click to expand...

Quite true, but the proponents of SS economics have all sorts of excuses to say that it wasn't a fair trial of their system. It's a delight to have the conversation because I took part on the Supplyside forum for nearly 8 years.
 
montgomery said:
Quite true, but the proponents of SS economics have all sorts of excuses to say that it wasn't a fair trial of their system. It's a delight to have the conversation because I took part on the Supplyside forum for nearly 8 years.
Click to expand...

you idiots always say that it just wasn't given a chance


the same idiot argument they always use

people try the ideas


it FUCKS EVERYTHING EVERYTIME

and then you idiots say "well you just didn't let your self be fucked long enough"
 
I Love America said:
The democrat party Congress outspent the revenues
Click to expand...

Nope.

Wrong.

You cut taxes, which cut revenues, which caused deficits to appear.

We had a surplus in 2001 that your tax cuts turned into record deficits.

Bush didn't even grow the economy with his tax cuts; he grew the economy with debt.


We don’t have a lack of taxation problem. We have a spending problem in this country
Click to expand...

OK, so what do you want to cut, since Medicare, Medicaid, Social Security, Interest on the Debt, and Defense Spending make up about 90% of the total budget.

Even if you cut allllllll discretionary spending, you're still ending up with a deficit larger than the one Obama left Trump.



People like you think your fellow citizens are your personal piggy bank
Click to expand...

You don't know what the fuck you're talking about. You're a fraud.
 
You must log in or register to reply here.
Back
Top