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Canadians Now Richer Than Americans

cpwill said:
Also worth noting is that Canada scores higher than we do on the economic freedom index, and has been slashing their corporate income tax down to less than half of ours.




Gosh, I wonder how they got better than they used to be.
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stupid_bush.jpg
 
Catawba said:
This is what I was addressing:
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Sorry, next time make that more clear.


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Our cutting away at the country's progressive tax rates over the last 30 years as part of the GOP's policy of supply side economics, has contributed to the record wealth inequality in this country. So yes, as poll after poll have shown, the majority of Americans see no benefit to continuing to allow it.
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Then why keep the middle rate cuts, especially since they're so expensive?
 
Hicup said:
For being the second largest nation in the world, what gets me bout those Canucks is that all thier houses are so damn close together??? What the hell is up with that, eh? :)


Tim-
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They're huddled together for warmth. :mrgreen:
 
Republic Now! said:
Then why keep the middle rate cuts, especially since they're so expensive?
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Two reasons. The record wealth inequality in this country, and the tax cuts to the middle class stimulate the economy more that the tax cuts to the wealthy.
 
Catawba said:
Two reasons. The record wealth inequality in this country,
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Still with this crap?

and the tax cuts to the middle class stimulate the economy more that the tax cuts to the wealthy.
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Also cost 3x as much.

Regardless, none of this answers my question. If no one saw any benefit from the tax cuts, why continue them for the middle class?
 
Republic Now! said:
Still with this crap?
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Only the wealthy, or their lackies, think our record wealth inequality in this country is crap.



Also cost 3x as much.
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I see, tax cuts for the wealthy for the last 3 decades have not been a cost, but if the middle class gets them, they are costs. Got it!



Regardless, none of this answers my question. If no one saw any benefit from the tax cuts, why continue them for the middle class?
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I just answered that above, "Two reasons. The record wealth inequality in this country, and the tax cuts to the middle class stimulate the economy more that the tax cuts to the wealthy." Don't know about you, but improving the economy is pretty important to most of us.
 
Catawba said:
Only the wealthy, or their lackies, think our record wealth inequality in this country is crap.
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Okay then. Why does income distribution matter when average incomes are historically high?




I see, tax cuts for the wealthy for the last 3 decades have not been a cost, but if the middle class gets them, they are costs. Got it!
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Yeah, you might want to try again. I never said they weren't a cost.




I just answered that above, "Two reasons. The record wealth inequality in this country, and the tax cuts to the middle class stimulate the economy more that the tax cuts to the wealthy." Don't know about you, but improving the economy is pretty important to most of us.
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So you admit the tax cuts have had a positive impact? Do you disagree with your own article?
 
Republic Now! said:
Okay then. Why does income distribution matter when average incomes are historically high?
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Incomes are not historically high when you factor in the joblessness caused by lack of demand for production in this country because most of the wealth is concentrated at the top, out of reach of consumers. Statistics from the 2010 Census show as that almost half the country is living at or near poverty. There is also health care costs in this country which is the highest in the world. It has become the leading cause of bankruptcy among Americans.



Yeah, you might want to try again. I never said they weren't a cost.
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Well that's what conservatives have maintained for the last 3 decades. Regardless, according to the CBO, eliminating tax cuts for the middle class and cutting spending would likely throw us into another Recession.

CBO: Bush Tax Cuts Expiration Paired With Spending Cuts Would Drive U.S. Off 'Fiscal Cliff'






So you admit the tax cuts have had a positive impact? Do you disagree with your own article?
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Tax cuts for the middle class increase demand which increases production which improves the economy. The Bush tax cuts for the wealthy did create jobs in this country as they had been billed. So there is no reason for the working class to continue to allow them.
 
Catawba said:
Incomes are not historically high when you factor in the joblessness caused by lack of demand for production in this country because most of the wealth is concentrated at the top, out of reach of consumers. Statistics from the 2010 Census show as that almost half the country is living at or near poverty. There is also health care costs in this country which is the highest in the world. It has become the leading cause of bankruptcy among Americans.
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Ridiculous. Everyone has more money, demand should be higher. GDP is also higher, implying higher production.




Well that's what conservatives have maintained for the last 3 decades.
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Huh? the tax cuts haven't been around nearly that long.

Regardless, according to the CBO, eliminating tax cuts for the middle class and cutting spending would likely throw us into another Recession.
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Your link says nothing about middle class tax cuts but the tax cuts in general.





Tax cuts for the middle class increase demand which increases production which improves the economy. The Bush tax cuts for the wealthy did create jobs in this country as they had been billed. So there is no reason for the working class to continue to allow them.
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The "Bush tax cuts" were for everybody.
 
Republic Now! said:
Ridiculous. Everyone has more money, demand should be higher. GDP is also higher, implying higher production.
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One in three Americans — 100 million people — is either poor or perilously close to it.

Weak consumer demand in the United States





Huh? the tax cuts haven't been around nearly that long.
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How old are you, try reading up on the Reagan tax cuts.



Your link says nothing about middle class tax cuts but the tax cuts in general.
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The CBO has stated the tax cuts for the wealthy would have little short term effect for the economy.






The "Bush tax cuts" were for everybody.
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They were not equal for everybody, nor were Reagan's.
 
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Re: For the First Time, Canadians Now Richer Than Americans. Thanks, Obama!

Ikari said:
Dude, no. It is not all Obama's fault (note I am not saying that Obama is absolved of wrong doing. Obama is the status quo and has carried on the actions which have led us here).

There's a necessary piece of information here that is becoming more obvious by the day. There is no difference between the Republicans and the Democrats. We MUST realize this if we wish to regain control of our Republic and return it to the Shining City on the Hill. Obama has merely continued to expand upon that which was set by precedent.

Once again. Decades of Republocrat rule has led us to the precipice upon which we now stand. This must be understood.
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Been saying for years now. I don't see much difference between Republicans and Democrats.
 
Canada is not afraid to go after it's energy resources so they are experiencing an energy boom country wide like ND is in this country. That could be happening here too but good olé obama and the Dem's have kept us off the playing field.
 
samsmart said:
They also don't fight 3 wars at the same time that will bankrupt them.
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I would imagine it is because the Canadian military is ranked about 57th in the world and although they are the 2nd largest country. Fewer inhabitants thus smaller military.

Not going to argue the "war" part, because a country with about 70K in the military, they wouldn't be expected to do the job America does with 1.5 Million active duty and about the same amount in Reserve military.

Agree America shouldn't be spread all over the globe fighting wars, but we are, so what is the solution?
 
sawyerloggingon said:
Canada is not afraid to go after it's energy resources so they are experiencing an energy boom country wide like ND is in this country. That could be happening here too but good olé obama and the Dem's have kept us off the playing field.
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Too bad they are doing it by destroying everyone and everything else to do it.
 
Catawba said:
One in three Americans — 100 million people — is either poor or perilously close to it.
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Doesn't address my point. People are better off now than they have been in the past.

Weak consumer demand in the United States
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All it says is that demand hasn't grown as fast. You're not denouncing that people aren't better off than they were in the past. You're just pointing out that growth isn't as quick as it has been.


How old are you, try reading up on the Reagan tax cuts.
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We're talking about the Bush tax cuts. You want to go back to the 70% tax rate?



The CBO has stated the tax cuts for the wealthy would have little short term effect for the economy.
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From your source:

CBO projected that the economy would contract by 1.3 percent in the first half of 2013, which would meet the traditional definition of a recession, which is when the economy shrinks for two consecutive quarters.

"Such a contraction in output in the first half of 2013 would probably be judged to be a recession," CBO said.

The economy would rebound at a 2.3 percent growth rate in the second half of the year, however, under CBO projections.
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So I guess all the effects would be temporary, at least according to your source.


They were not equal for everybody, nor were Reagan's.
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Of course not. How could they be? That doesn't change the fact that everyone one was better off for it. I'm curious why it pains you so much to admit that.
 
samsmart said:
It's probably because they spend more than we do on domestic social programs, such as a universal health care system, than they spend on defense.
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Not to mention tighter banking relations because the crisis was.....you know, soley about banking.
 
sawyerloggingon said:
Canada is not afraid to go after it's energy resources so they are experiencing an energy boom country wide like ND is in this country. That could be happening here too but good olé obama and the Dem's have kept us off the playing field.
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Barack Obama has said time and time again he is going to destroy America's oil and gas industry and raise our energy costs to the greatest extent possible. ... And people in this forum continue to support this fool!

Obama admits his intentions are to skyrocket oil prices

 
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cpwill said:
Also worth noting is that Canada scores higher than we do on the economic freedom index, and has been slashing their corporate income tax down to less than half of ours.




Gosh, I wonder how they got better than they used to be.
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They also do a good job of making it attractive for rich foreigners to move there. Versus out taking in millions of unskilled to compete with our millions of unskilled workforce.
 
But I don't understand this! Buncha' Socialists up there! How could they possibly compete with us?!! My head hurts.
Sincerely,
Conservative Karl
 
Republic Now! said:
Doesn't address my point. People are better off now than they have been in the past.
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It addresses your point perfectly, you are just too out of touch with half the country to be aware of it. We'll see if the working poor and unemployed agree with you in November.


All it says is that demand hasn't grown as fast. You're not denouncing that people aren't better off than they were in the past. You're just pointing out that growth isn't as quick as it has been.
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You've got your work cut out for you trying to convince people that large numbers of the working class sliding onto poverty is a good thing!


We're talking about the Bush tax cuts. You want to go back to the 70% tax rate?
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No one has proposed 70 % tax rates. What has been proposed is eliminating Bush's temporary tax cuts for the wealthy.




From your source:



So I guess all the effects would be temporary, at least according to your source.
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Also from my source:

"You can call this a fiscal cliff. You can call it Taxmageddon as others have done," said Sen. Orrin Hatch, R-Utah. "Whatever you call it, it will be a disaster for the middle class. And it will be a disaster for the small businesses that will be the engine of our economic recovery."

The results of the elections will have a lot to do with the ultimate solution, but several top lawmakers predict the current Congress will punt the issue into 2013 for the newly-elected Congress and whoever occupies the White House to deal with.

"CBO observes that simply extending all of our current tax and spending policies will produce unsustainable deficits and debt, which will also send the economy into decline," said Rep. Chris Van Hollen, D-Md., the top Democrat on the Budget Committee. "We need to act and we must do so in a balanced way."



Of course not. How could they be? That doesn't change the fact that everyone one was better off for it. I'm curious why it pains you so much to admit that.
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It pains me when someone is trying to pass off untruths. The facts show that our tax system has become less progressive over the last 30 years and helped contribute to most of the countries wealth being concentrated at the top, out of reach of the majority of consumers need to to create a demand to drive our consumer based economy. 6 of the Walton heirs own as much wealth as 30% of the US population. Our economy cannot prosper with this much wealth inequality, and as Clinton noted, "Its the economy stupid!"
 
sawyerloggingon said:
Canada is not afraid to go after it's energy resources so they are experiencing an energy boom country wide like ND is in this country. That could be happening here too but good olé obama and the Dem's have kept us off the playing field.
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Truth. Really hoping Romney isn't this stupid.
 
Yeah, but Canadians don't get to carry guns like we do, so we're obviously more free, and better off, right?
 
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