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Thread: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by mac View Post
    Increasing tax receipts...personal income tax receipts.
    Your premise is false because you can't cherry pick information and claim it raises revenue. You need to look at other variables which you refuse to acknowlege. Do we need to go in a circle again?

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by rabbitcaebannog View Post
    Your premise is false because you can't cherry pick information and claim it raises revenue. You need to look at other variables which you refuse to acknowlege. Do we need to go in a circle again?
    Historically, lower tax rates equals more tax revenue. It's very simple, and not cherry picking.
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

    Quote Originally Posted by The German View Post
    Sterotypes are mostly based on truths.

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by mac View Post
    Historically, lower tax rates equals more tax revenue. It's very simple, and not cherry picking.
    That has never been proven. You are cherry picking because you are not including inflation or population growth.

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by rabbitcaebannog View Post
    That has never been proven. You are cherry picking because you are not including inflation or population growth.
    It very well has.
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

    Quote Originally Posted by The German View Post
    Sterotypes are mostly based on truths.

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by mac View Post
    It very well has.
    Let's see:



    Do Tax Cuts Increase Revenue? Do Tax Cuts Increase Revenue

    It is a widely held belief in the U.S. that cutting tax rates actually increases government tax revenues, as people work harder to make more money, and having more money (either from working longer hours or simply because they have more income after paying lower taxes), they spend more. This increased consumption stimulates growth in the business sector of the economy, increasing business profits, allowing businesses to hire more employees, etc. and the economy grows. Economic growth then leads to more tax revenues for the government, even though taxes have been reduced.

    While this view has gained political currency, there is little evidence to support it. Indeed, as evident in the following graph, the evidence suggests that tax cuts do not increase revenues to the government in any meaningful way, but instead increase government deficits. Likewise, tax increases are often criticized as harmful to the economy and opponents argue that they do not actually increase government revenues. Again, the available evidence suggests that the opposite is true.

    Tax Cuts Don't Boost Revenues - TIME

    Economists Agree: Tax Cuts Cost Revenue - Economic Intelligence (usnews.com)

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by rabbitcaebannog View Post
    I'm not presenting an "either/or fallacy". I'm merely stating that without a sufficient tax base, we can't afford rising health care cost. Feel free to bring up other methods to support the rising costs.
    go after the real systemic problems of the system, instead of trying to punish the success of peoples labor to give to those whom have no drive to attain it for themselves.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by j-mac View Post
    go after the real systemic problems of the system, instead of trying to punish the success of peoples labor to give to those whom have no drive to attain it for themselves.
    I agree. The success from labor should not be punished in a system that favors passive income. That does not address rising health care costs though.

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by rabbitcaebannog View Post
    Let's see:



    Do Tax Cuts Increase Revenue? Do Tax Cuts Increase Revenue

    It is a widely held belief in the U.S. that cutting tax rates actually increases government tax revenues, as people work harder to make more money, and having more money (either from working longer hours or simply because they have more income after paying lower taxes), they spend more. This increased consumption stimulates growth in the business sector of the economy, increasing business profits, allowing businesses to hire more employees, etc. and the economy grows. Economic growth then leads to more tax revenues for the government, even though taxes have been reduced.

    While this view has gained political currency, there is little evidence to support it. Indeed, as evident in the following graph, the evidence suggests that tax cuts do not increase revenues to the government in any meaningful way, but instead increase government deficits. Likewise, tax increases are often criticized as harmful to the economy and opponents argue that they do not actually increase government revenues. Again, the available evidence suggests that the opposite is true.

    Tax Cuts Don't Boost Revenues - TIME

    Economists Agree: Tax Cuts Cost Revenue - Economic Intelligence (usnews.com)
    Do Tax Cuts Increase Government Revenue? - Forbes

    Might help if you looked at the whole history, not just a snapshot.
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

    Quote Originally Posted by The German View Post
    Sterotypes are mostly based on truths.

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by mac View Post
    Do Tax Cuts Increase Government Revenue? - Forbes

    Might help if you looked at the whole history, not just a snapshot.
    JFK proved this: Which tax cuts stimulate the economy? | Tax Break
    Reagan had to raise taxes because his tax cuts caused a deficit and we see what happened to Bush.

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    Re: Walmart says it will kill plans to build 3 new stores if DC wage bill passes

    Quote Originally Posted by rabbitcaebannog View Post
    I agree. The success from labor should not be punished in a system that favors passive income. That does not address rising health care costs though.
    What do you want? I am a truck driver, a middle class guy that was raised by a small business owning father. I am not an economics student, or professor, nor am I presumptuous enough to speak about matters in macro terms in which I have only my limited experience about. But from that, I would say a start would be instead of attacking those of us out here scratching for our existence, and building a life to give to those who don't, maybe you should start with the Pharma companies, and tort lawyers driving the costs?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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