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Thread: More Democrats break with Obama on tax cuts

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    No one said that. So, first you have to be more accurate about what is being said. People who pay taxes often make profits as well. I am saying, however, that actual profits come from selling the product or the service, and not from taxes. Business always has overhead, which includes taxes, and yet still manage to succeed.
    You said that when you said there's no evidence that tax cuts help create jobs. You just said taxes are included in overhead and you don't dispute that profits drive job creation.

    Quote Originally Posted by Boo Radley View Post
    Business always has overhead, which includes taxes, and yet still manage to succeed.
    Well, that's not entirely accurate, now is it? Or have I been seeing all these failing businesses and exploding unemployment in my sleep?

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by FederalRepublic View Post
    You said that when you said there's no evidence that tax cuts help create jobs. You just said taxes are included in overhead and you don't dispute that profits drive job creation.



    Well, that's not entirely accurate, now is it? Or have I been seeing all these failing businesses and exploding unemployment in my sleep?
    You're misreading. Profits don't create jobs if there is no demand for more of the services or product. The business or owner just makes more. All business has overhead, but overhead is not the single factor that determines success or failure (a different subject btw). you're mixing issues and misreading completely.

    the issue is jobs creation. A business can make more money, but without a demand will not increase jobs. There ahs to be a demand for more, and if this demand is there, they will create jobs to meet it regardless of TAXES. The profit will come in the increased sales.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    You're misreading. Profits don't create jobs if there is no demand for more of the services or product. The business or owner just makes more. All business has overhead, but overhead is not the single factor that determines success or failure (a different subject btw). you're mixing issues and misreading completely.

    the issue is jobs creation. A business can make more money, but without a demand will not increase jobs. There ahs to be a demand for more, and if this demand is there, they will create jobs to meet it regardless of TAXES. The profit will come in the increased sales.

    Joe, you are only looking at one piece of the puzzle in jobs creation and acting like the other factors have nothing to do with the overall picture at all. You are correct that demand for a product and or service drives supply, however a company is in the business to make a profit for their production of that product, therefore, it only makes sense that at a certain point, it becomes not worth it to produce if their profit margins are ate away by regulation, higher taxation, and alike regardless of demand.

    Look at it this way, if a company makes wigets, and the demand for those wigets is high, and they run on a 9% profit margin, but Barry and the demo's hit the scene and determine that this company makes too much profit, and can surely afford to redistribute some of that for the greater good. So they set about to demonize the company over their profit margin, and increase regulation, and taxes of all kinds, even healthcare costs. The company now is down to a 3% profit margin, and you think they are going to expand given the governments proclivity to just reach in their pockets and take what they want? I don't.


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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    You said people buying don't matter (supply and demand) and that taxes do.
    Learn to read:

    More people buying does not necessarily mean anything more than either a high demand for a product/service or a low price.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    You're misreading. Profits don't create jobs if there is no demand for more of the services or product. The business or owner just makes more. All business has overhead, but overhead is not the single factor that determines success or failure (a different subject btw). you're mixing issues and misreading completely.

    the issue is jobs creation. A business can make more money, but without a demand will not increase jobs. There ahs to be a demand for more, and if this demand is there, they will create jobs to meet it regardless of TAXES. The profit will come in the increased sales.
    If profits are down, and you agree that increased taxes means increased overhead, then that will cause profits to go down farther, making it harder to keep salaries at their current levels and keeping people employed.

    If the Dems want more tax money, they should be spending less time killing jobs. That's just plain ole common sense.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by apdst View Post
    If profits are down, and you agree that increased taxes means increased overhead, then that will cause profits to go down farther, making it harder to keep salaries at their current levels and keeping people employed.

    If the Dems want more tax money, they should be spending less time killing jobs. That's just plain ole common sense.
    No, I don't agree. The increase in overhead will be marginal at worse. There would be no reason for it to effect anything at all. There will be, just as it has been in the past, no notice effect on employment either way.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Gill View Post
    Learn to read:
    Learn comprehension. A high demand means more profit due to more sales, which means more need for more employees. That has a much large effect on jobs and the economy that taxes ever can. If you take your response on the whole, you're disputing this, which is silly on its face.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by j-mac View Post
    Joe, you are only looking at one piece of the puzzle in jobs creation and acting like the other factors have nothing to do with the overall picture at all. You are correct that demand for a product and or service drives supply, however a company is in the business to make a profit for their production of that product, therefore, it only makes sense that at a certain point, it becomes not worth it to produce if their profit margins are ate away by regulation, higher taxation, and alike regardless of demand.

    Look at it this way, if a company makes wigets, and the demand for those wigets is high, and they run on a 9% profit margin, but Barry and the demo's hit the scene and determine that this company makes too much profit, and can surely afford to redistribute some of that for the greater good. So they set about to demonize the company over their profit margin, and increase regulation, and taxes of all kinds, even healthcare costs. The company now is down to a 3% profit margin, and you think they are going to expand given the governments proclivity to just reach in their pockets and take what they want? I don't.


    j-mac
    Most of that has already been addressed by the fact that they are in business right now in the first place. but it is me who is looking at the overall picture and not your side. I have not made the claim that there are no other factors other than taxes. That's your side. I say there are other factors, and offer up supply and demand as being more important than taxes by an overwhelming margin. Supply and demand determine more than taxes ever could. When people spend, someone finds a way to sell. And taxes mean little to next to nothing to that.

    All evidence shows that a tax cut will not increase jobs and a tax hike will not hinder jobs. Taxes play no noticable role in business by all the avaible historical information. And that is the point. Business will adjust to a tax rate. They have to downsize or change if no one is spending.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by American View Post
    Let's cut the budget first.
    Yeah sure, and put more people out of work... Brilliant

    ricksfolly

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by ricksfolly View Post
    Yeah sure, and put more people out of work... Brilliant

    ricksfolly
    It would put more people out of work than tax hikes will.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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