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Thread: US economy adds 288,000 jobs in June

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Fruityfact View Post
    Only decreasing taxes on those who have a high spending or conversely low savings rate. In other words, cutting taxes on the middle class, not the rich.
    You can argue the fairness factor somewhere else, but the most effective way would be to lower the tax burden for lower income people, and make up for those lost revenues by taxing those who have an enormous savings rate: the rich
    Exactly what purpose would it be to raise the taxes on the rich other than to make jealous people feel better. The govt. isn't going to get that much revenue by doing that and it sets a dangerous precedence which I believe is what socialists want. There is no reason to raise the taxes on anyone but there is plenty of reason to cut the budget significantly.

    The problem with far too many is they seem to think that rich people bury their cash in the back yard. They don't, they hire people, they spend, they save, they invest, all helping the economy.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Glen Contrarian View Post
    So...if tax cuts are wonderful for an economy and tax hikes are so detrimental to an economy, how is it then that the longest streak of positive private-sector job growth on record (before the current streak under Obama) followed the tax HIKES by Bush 41 and Clinton? How is it that our economy did quite well in the 1950's even though we had a 90% top marginal tax rate (under Eisenhower, no less)? How is it that the longest streak of positive private sector job growth on record has come under Obama with his oh-so-tyrannical stimulus and tax increases? Betcha didn't see that particular headline on Fox News!

    You ask why we added 9M jobs under Bush (and Obama's added more than that in less time, btw) - I reply with the fact that we were in a war...and economies normally expand in a war. What brought us out of the Depression? The taxpayer-funded build-up for WWII. And I remember very well what my fellow conservatives were saying during the 1982 recession (which was then the worst since the Depression) under Reagan: "We just need a good war". Why did people say that? Because they understood then that wars tend to force economies to expand. But why do wars cause economies to expand? Because most wars, being taxpayer-funded, are in economic terms nothing more than government-funded economic stimuli.

    Feel free to refute what I've pointed out to you.
    Look, you don't want to keep more of your money then send it to the govt. but we have a consumer generated economy that is driven by people keeping, spending, saving, or investing their own cash. You don't seem to understand the concept, nor the reality that Clinton didn't inherit a recession like Bush and Reagan did and Obama still has fewer people working today than when the recession started with a larger labor force. Facts simply get in the way of your opinions and feelings. I don't understand the jealousy and ignorance of liberals who have no problem with a 3.9 trillion dollar govt, 17.5 trillion in debt, and massive dependence on the govt, Apparently that is what you want and if so go some place else.

    Oh, by the way, when the recession began there were 146.3 million working Americans and that is 146.2 million today almost 7 years later. Obama took office with 142.2 million working Americans and that is 146.2 million today so the increase in 6 years is 4 million which I believe is less than the 9 million Bush had in 7 years. Not sure where you get your information but I can guess.
    Last edited by Conservative; 07-04-14 at 10:14 PM.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Conservative View Post
    Exactly what purpose would it be to raise the taxes on the rich other than to make jealous people feel better. The govt. isn't going to get that much revenue by doing that and it sets a dangerous precedence which I believe is what socialists want. There is no reason to raise the taxes on anyone but there is plenty of reason to cut the budget significantly.

    The problem with far too many is they seem to think that rich people bury their cash in the back yard. They don't, they hire people, they spend, they save, they invest, all helping the economy.
    I won't argue the fairness factor with you either. The point is if the goal is to have more moneys flowing in the economy without decreasing government revenues, the most effective method would be to lower the tax burden on low savers(poor people) and higher the tax on high savers(rich people).
    Men do what they have to when they want to, Great men do what they have to, even when they don't want to.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Fruityfact View Post
    I won't argue the fairness factor with you either. The point is if the goal is to have more moneys flowing in the economy without decreasing government revenues, the most effective method would be to lower the tax burden on low savers(poor people) and higher the tax on high savers(rich people).
    Why do you think we need more revenue flowing into a bloated Federal Govt? Most poor people don't pay any FIT so how do you cut taxes for people who don't pay FIT?

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Conservative View Post
    Why do you think we need more revenue flowing into a bloated Federal Govt? Most poor people don't pay any FIT so how do you cut taxes for people who don't pay FIT?
    Don't be obtuse. I think its fair to say even people who pay on the low end of FIT are poor.
    Men do what they have to when they want to, Great men do what they have to, even when they don't want to.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Conservative View Post
    Why do you think we need more revenue flowing into a bloated Federal Govt? Most poor people don't pay any FIT so how do you cut taxes for people who don't pay FIT?
    ...

    It doesn't help when Republicans intentionally cut revenue flows to the Federal govt.

    But hey, they're your party so it's obvious you're going to ignore That.


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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by fmw View Post
    Couldn't disagree more profoundly. Best of luck to you.
    You disagree...but can you explain why it is, if government spending is SO bad for an economy, that the taxpayer-funded government economic stimulus that was WWII didn't drive us further into the Depression instead of bringing us out of the Depression as it surely did?

    Didn't think so.
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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Glen Contrarian View Post
    You disagree...but can you explain why it is, if government spending is SO bad for an economy, that the taxpayer-funded government economic stimulus that was WWII didn't drive us further into the Depression instead of bringing us out of the Depression as it surely did?

    Didn't think so.
    Well, generally home sale volume, according to Green iirc, indicates recessions. Except the Korean War, where (Lucas Green, was that his name?) gov't stimulus stopped a recession from occuring.

    But remember, gov't Stimulus is the worst form of expense. Because... REPUBLICANZZZZZZ. But seriously.

    Government stimulus is good, as per private sector read up on the "Empty State Building", aka, the Empire State Building. Material and Labour costs shrunk so greatly even though the investment was supposedly bad, it was so low they could afford to wait out the bad times until the Condition of the National Economy increased and rents increased expontentially compared to the cost of investment and maintenance during the bad times.

    And Germany always invests in High-Capital output industries during Bad times (the crowd out issue works BOTH ways) and it pays its dividends since electricity and transport capacity and consumer, as per the nature of "efficient" capitalism, good demand increases as the cost of Production decreased while gov't stimulus pushes forth growth.

    Increased Gov't spending during "good times" = Bad

    Increased Gov't spending during "bad times", especially in industries of Social Overhead Capital, = Good.

    Economics is not a "simple" study, but it certainly is not atrociously over complicated.

    It's gotten to the point where I'm far more interested in Chemistry and Neurobiology (and their linkages) since I've spent the ages of 16-21 dedicated to the study of Economics and the Law of Diminishing Marginal Returns has showed me there is a limit to the study. And as John Stuart Mill, who read all the contemporary texts on Economics at the age of 12 (according to: The Great Wordly Philosphers), thanks to his great father, I find the study itself now dissapointing.

    Of course Partisan push-back will always be present, but that does not at all mean it is accurate or even worth an articulate response.

    But, that's just my two sense.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Glen Contrarian View Post
    You disagree...but can you explain why it is, if government spending is SO bad for an economy, that the taxpayer-funded government economic stimulus that was WWII didn't drive us further into the Depression instead of bringing us out of the Depression as it surely did?

    Didn't think so.
    I don't respond well to taunts. It isn't that I can't explain my position. It is that I don't consider it worth the effort in this case.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Fruityfact View Post
    Don't be obtuse. I think its fair to say even people who pay on the low end of FIT are poor.
    I don't see an answer to my question but then again I understand that people advocate higher taxes never answer direct questions.

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