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Thread: U.S. Jobless Rate Unexpectedly Declines to 8.6%

  1. #131
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    apdst

    The Bush tax cuts lowered taxes on all tax brackets.
    Yep, the bottom 20 % averaged a big ole cut of $107.
    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

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by treedancer View Post
    America’s top earners will get an average tax cut of $66,384 in 2011, while the bottom 20 percent will get an average cut of $107.
    So $66,491 out of the hands of the Federal government and back in the pockets of the American people? *Lloyd Christmas voice* We'll take it!
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

  3. #133
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Goldenboy219 View Post
    How is this relevant to the topic?
    Simply responding to a poster that 47% of income earning households paid zero Federal Income Taxes due to the Bush tax cuts which shows the benefited greater than those evil rich people and that destroys the liberal argument about tax cuts for the rich

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Rhapsody1447 View Post
    So $66,491 out of the hands of the Federal government and back in the pockets of the American people? *Lloyd Christmas voice* We'll take it!
    Except that the Federal government did not cut back their spending as a result of putting the money back in the pockets of the American people. Instead, they increased it (on a yearly basis) by more than 50% by 2008.
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  5. #135
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Goldenboy219 View Post
    Except that the Federal government did not cut back their spending as a result of putting the money back in the pockets of the American people. Instead, they increased it (on a yearly basis) by more than 50% by 2008.
    What did they increase spending in 2009-2011? Last Bush budget was 3.1 trillion dollars, what is the spending level today?

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    Simply responding to a poster that 47% of income earning households paid zero Federal Income Taxes due to the Bush tax cuts which shows the benefited greater than those evil rich people and that destroys the liberal argument about tax cuts for the rich
    Pointing out whether or not someone is liberal (or not) ad hominem. Fallacies can only destroy ones credibility.
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    What did they increase spending in 2009-2011? Last Bush budget was 3.1 trillion dollars, what is the spending level today?
    I am unsure how what happened in 2009-2011 has to do with what happened between 2001-2009.
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Goldenboy219 View Post
    Except that the Federal government did not cut back their spending as a result of putting the money back in the pockets of the American people. Instead, they increased it (on a yearly basis) by more than 50% by 2008.
    I'm aware, and I disagree with it. Although it was primarily driven by defense spending and increases in mandatory entitlement spending; barring Part D.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Rhapsody1447 View Post
    I'm aware, and I disagree with it. Although it was primarily driven by defense spending and increases in mandatory entitlement spending; barring Part D.
    Would you agree that tax cuts were premature given the gift of hindsight?
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  10. #140
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    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Goldenboy219 View Post
    Pointing out whether or not someone is liberal (or not) ad hominem. Fallacies can only destroy ones credibility.
    So does claiming that someone who isn't paying any Federal Income taxes because of the Bush tax cuts isn't benefiting from those cuts. That is a fallacy liberals love to ignore.

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