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Thread: CBO: Stimulus hurts economy in the long run

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by treedancer View Post
    Its cool that you want your voice heard by "calling and writing my reps "but it would be kinda nice if you gave us a sneak prevue of what you would tell your reps that you wanted them to do.
    You didn't ask that.

    for instance what would you say to your rep about taxing the top % income earners of our great country?
    I'd say that flattening rates, and broadening the base so that the 47% that pay nothing right now get in the game before we punish success.

    I'd say that real tax reform, that abolishes the IRS, and makes taxes reasonable, fair, and easy to understand is the prime objective.

    what would you say to your rep concerning corp taxes? that according to the GAO two out of three corporations in the United States paid no federal income taxes from 1998 through 2005.
    I would say that Corporations don't pay taxes now, it is a business expense that is built in to the cost of their product, and passed all the way down the chain to me, so do away with them and allow them to repatriate the money off shore now.

    j-mac
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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by j-mac View Post
    You didn't ask that.



    I'd say that flattening rates, and broadening the base so that the 47% that pay nothing right now get in the game before we punish success.

    I'd say that real tax reform, that abolishes the IRS, and makes taxes reasonable, fair, and easy to understand is the prime objective.



    I would say that Corporations don't pay taxes now, it is a business expense that is built in to the cost of their product, and passed all the way down the chain to me, so do away with them and allow them to repatriate the money off shore now.

    j-mac

    Aha,now were getting to the meat. When you say, “47% that pay nothing “then you would be OK with a Flat tax on % of ALL income then?

    As for as corp tax, what % of GDP would you consider a fair corp tax-rate? Now(2010 ) its at 1.3% of GDP.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

  3. #283
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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by treedancer View Post
    Aha,now were getting to the meat. When you say, “47% that pay nothing “then you would be OK with a Flat tax on % of ALL income then?
    Sure, including ALL. No more protected class including welfare.

    As for as corp tax, what % of GDP would you consider a fair corp tax-rate? Now(2010 ) its at 1.3% of GDP
    0...It's passed to the consumer anyway.


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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by treedancer View Post
    Wasn’t speculation, just saying what I would do. As I said, the first thing I would do would be increase the tax on the top 1%,boost taxes on the Largest CORPS, not small corps and maybe hang a tax on stock transactions;this depends on the success of the first two taxes.

    If I determined that the multinationals were moving off shore to avoid the Corp tax I would put a tariff/lug, whatever on what they sold in this country.If that isn’t clear enough for you…
    And the first thing I would do with responsibility to investors is move off shore and overseas. When you invest your own money and then have someone dictate to you how much you are going to make, not take any of the risk, and have nothing invested in your business, then you will understand how foolish your proposal is.

    How much money are you going to get by raising taxes on the top 1% and will that change their behavior?

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by 1Perry View Post
    This one is easy. Printing presses.

    Exactly right, and guess what that does to the value of the dollar?

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by j-mac View Post
    Yep, and the end result, if we played out your ever more, and more tax, on ever more, and more facets of this country, is that we have no corp's left, and no economy due to the fact that your penalties have made goods unaffordable.

    Good show.


    j-mac
    Amazing, isn't it, liberals have no idea that higher taxes are paid by the consumer and that means higher prices.

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post
    And the first thing I would do with responsibility to investors is move off shore and overseas. When you invest your own money and then have someone dictate to you how much you are going to make, not take any of the risk, and have nothing invested in your business, then you will understand how foolish your proposal is.

    How much money are you going to get by raising taxes on the top 1% and will that change their behavior?
    I wonder what Adam Smith, the father of modern capitalism would say....

    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by AdamT View Post
    I wonder what Adam Smith, the father of modern capitalism would say....

    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."
    Adam Smith wouldn't support any policies where the top 1% pay 38% of the Federal Income taxes and 47% of income earners pay nothing.

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by treedancer View Post
    With two wars winding down shouldn't be to hard to find some cuts.

    Edited to add. Might want to close a couple of bases in Europe that were put there to counter the Soviets during the cold war.Thatta save a ton of dough.
    Two? I suppose you are speaking about Iraq and Libya. I hope they are winding down but I won't believe it until I see it. It's not enough though. It would be a great start.

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    Re: CBO: Stimulus hurts economy in the long run

    Quote Originally Posted by Conservative View Post
    Adam Smith wouldn't support any policies where the top 1% pay 38% of the Federal Income taxes and 47% of income earners pay nothing.
    Seems that Adam Smith disagrees with you.

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