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Very Hot Topic (More than 25 Replies) We are half way there ... but still so far away (Read 1,816 times)
TowardLiberty
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Re: We are half way there ... but still so far away
Reply #140 - Dec 2nd, 2019 at 7:45pm
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Wadsworth wrote on Dec 2nd, 2019 at 7:43pm:
So why did you respond to my post stating that there was never a stimulus needed due to taxing the wealthy. 

I'm sorry... I'm going to need more details. There's been a lot said here.
  

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wyattstorch2004
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Re: We are half way there ... but still so far away
Reply #141 - Dec 2nd, 2019 at 9:57pm
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Wadsworth wrote on Dec 2nd, 2019 at 12:01am:
None of that proves that it will be bad for the economy


Sure it does.  Because what is an economy but the economic output -- or production -- that it brings?

Wadsworth wrote on Dec 2nd, 2019 at 11:49am:
Tariffs are taxes that directly impact the pocketbooks of the poor, middle class and small farmers.  That has nothing to do with a wealth tax or a marginal tax


So if we just indirectly harm the poor, middle class and small farmers, that is OK as long as it achieves the goal of soaking the rich? 

  
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Re: We are half way there ... but still so far away
Reply #142 - Dec 2nd, 2019 at 10:13pm
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wyattstorch2004 wrote on Dec 2nd, 2019 at 9:57pm:
Sure it does.  Because what is an economy but the economic output -- or production -- that it brings?


So if we just indirectly harm the poor, middle class and small farmers, that is OK as long as it achieves the goal of soaking the rich? 


Has trickle down ever worked?   Did the marginal tax of the 50’s harm the economy?   I know you believe your theories, but belief without evidence does not convince me. More money in the economy means improve infrastructure, we built the Hover Dam, roads and took care of our veterans after WWII.  Now all we do is create debt.
  

The most ridiculous statement ever from Lomelis
Lomelis wrote on Nov 8th, 2019 at 3:03am:
This is why people need to turn against the gov in general.  Only going to get worse.
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Re: We are half way there ... but still so far away
Reply #143 - Dec 2nd, 2019 at 10:22pm
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Wadsworth wrote on Dec 2nd, 2019 at 10:13pm:
Now all we do is create debt. 

Do you blame the republicans for this? Or the democrats? Or both parties?
  


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wyattstorch2004
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Re: We are half way there ... but still so far away
Reply #144 - Dec 2nd, 2019 at 10:51pm
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Wadsworth wrote on Dec 2nd, 2019 at 10:13pm:
Has trickle down ever worked?


What do you mean when you say trickle down?  "Trickle down" is a derogatory term often used in all sorts of contexts.  So before I can answer your question you need to define trickle down.

Quote:
   Did the marginal tax of the 50’s harm the economy?


Yes.  Taxing and thus lowering the return on production leads to less production.  For the reason that marginal production is less profitable for the producer and that less profit is available to reinvest.

Quote:
   I know you believe your theories, but belief without evidence does not convince me.


The evidence is clear and has been explained ad nauseum.  The evidence is that, for me personally, and for all individuals that pay taxes, I/they have less money to invest and thus less money with which to demand labor and create output of goods and services.

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More money in the economy means improve infrastructure, we built the Hover Dam, roads and took care of our veterans after WWII.  Now all we do is create debt. 


The vast majority of government taxation and borrowing goes to consumption.  So taxation takes money/resources out of the economy.  So if your argument (and I agree with it) is that more money in the economy improves the economy, then taxation is extremely counterproductive to the end goal of improving the economy.  You have just collapsed your own argument.
  
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Re: We are half way there ... but still so far away
Reply #145 - Dec 2nd, 2019 at 11:06pm
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Jasmine wrote on Dec 2nd, 2019 at 10:22pm:
Do you blame the republicans for this? Or the democrats? Or both parties?

Why is everything so partisan for you?
  

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Lomelis wrote on Nov 8th, 2019 at 3:03am:
This is why people need to turn against the gov in general.  Only going to get worse.
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Wadsworth
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Re: We are half way there ... but still so far away
Reply #146 - Dec 2nd, 2019 at 11:07pm
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wyattstorch2004 wrote on Dec 2nd, 2019 at 10:51pm:
What do you mean when you say trickle down?  "Trickle down" is a derogatory term often used in all sorts of contexts.  So before I can answer your question you need to define trickle down.


Yes.  Taxing and thus lowering the return on production leads to less production.  For the reason that marginal production is less profitable for the producer and that less profit is available to reinvest.


The evidence is clear and has been explained ad nauseum.  The evidence is that, for me personally, and for all individuals that pay taxes, I/they have less money to invest and thus less money with which to demand labor and create output of goods and services.


The vast majority of government taxation and borrowing goes to consumption.  So taxation takes money/resources out of the economy.  So if your argument (and I agree with it) is that more money in the economy improves the economy, then taxation is extremely counterproductive to the end goal of improving the economy.  You have just collapsed your own argument.

You don’t invest, you are not a part of the 1%. You just parrot what the right wing tells you
  

The most ridiculous statement ever from Lomelis
Lomelis wrote on Nov 8th, 2019 at 3:03am:
This is why people need to turn against the gov in general.  Only going to get worse.
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Re: We are half way there ... but still so far away
Reply #147 - Dec 2nd, 2019 at 11:09pm
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Wadsworth wrote on Dec 2nd, 2019 at 11:07pm:
You don’t invest, you are not a part of the 1%.


Stupid comments that you cannot possibly, truthfully, support.

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You just parrot what the right wing tells you


Ad hominem that provides nothing of value in terms of a response.

Want to try again with an actual response?
  
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Re: We are half way there ... but still so far away
Reply #148 - Dec 2nd, 2019 at 11:43pm
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wyattstorch2004 wrote on Dec 2nd, 2019 at 11:09pm:
Stupid comments that you cannot possibly, truthfully, support.


Ad hominem that provides nothing of value in terms of a response.

Want to try again with an actual response?

If you invest, it is no more than in a 401k or an annuity.  Which in no way affects the economy in any significant way. It does not raise wages of the poor, it does not create jobs and it does nothing to build our infrastructure.  We are talking about a wealth tax and a marginal tax.  None of which impacts your taxes
  

The most ridiculous statement ever from Lomelis
Lomelis wrote on Nov 8th, 2019 at 3:03am:
This is why people need to turn against the gov in general.  Only going to get worse.
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Re: We are half way there ... but still so far away
Reply #149 - Dec 3rd, 2019 at 9:19am
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Wadsworth wrote on Dec 2nd, 2019 at 11:43pm:
If you invest, it is no more than in a 401k or an annuity.  Which in no way affects the economy in any significant way. It does not raise wages of the poor, it does not create jobs and it does nothing to build our infrastructure.  We are talking about a wealth tax and a marginal tax.  None of which impacts your taxes


honestly wads....most every single tax I'm aware of started out / gets passed as "don't worry, this is only for these people"...then you keeps expanding...

go back to the first annual indirect tax that was passed in 1913...the "soak the rich" tax....NONE of "us" were ever going to have to pay an indirect (income) tax...

I've shared the example here in maine...the "rich" tax was individuals who earned over $250...then it went to 200, then 150...and the "rich" became a HOUSEHOLD...that took in $100k a year...(that did not pass)

My point is you are saying I'm OK with this because it doesn't affect me....I simply think that is a wrong way to look at legislation...a bit like the germans who did not care, because it was only the jews who were affected...
  
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