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Thread: So How Did the Bush Tax Cuts Work Out for the Economy?

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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Quote Originally Posted by UtahBill View Post
    Not sure of your background, but in the technical fields, and I suspect many fields, there are a lot of people who faked it to get in, then try to coast afterwards. Lax supervision allows them to stay longer than probation periods. Apparently it is hard to fire people in some areas...
    It is hard to fire people in any area. I was in the retail business for 35 years and hired thousands of employees. I ran a 200 million dollar a year business that was dependent on consumers and customer care.

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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Quote Originally Posted by Conservative View Post
    So tell me who sets the price for fair compensation?
    To be perfectly glib, everyone. Economies are ecosystems, not fields of isolated individuals existing in their own separate economic microcosmi. But without government policy, very few people play any role in setting prices, even though everyone pasy part of the cost through market externalities.

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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Quote Originally Posted by Troubadour View Post
    To be perfectly glib, everyone. Economies are ecosystems, not fields of isolated individuals existing in their own separate economic microcosmi. But without government policy, very few people play any role in setting prices, even though everyone pasy part of the cost through market externalities.
    After spending 35 years in the private sector I can honestly say that your "book learnin" hasn't taught you a thing. You obviously don't have a clue how our economy works and the components of GDP. We have or had the greatest economy on the face of the earth until social engineering liberals came into power and continue to work to destroy it. Most liberal elite academics have never run a business and are totally out of touch with reality.

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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Quote Originally Posted by Conservative View Post
    After spending 35 years in the private sector I can honestly say that your "book learnin" hasn't taught you a thing. You obviously don't have a clue how our economy works and the components of GDP. We have or had the greatest economy on the face of the earth until social engineering liberals came into power and continue to work to destroy it. Most liberal elite academics have never run a business and are totally out of touch with reality.
    My friend, the retired econ professor, is no liberal elite, and will be the first to say that the current situation probably wasn't anticipated by more than a few economics gurus....and even those weren't listened to by politicians..
    Services must be paid for, preferably NOW, out of OUR OWN POCKETS, not those of our children. Ever hear a politician say anything like that?
    Inflation is at a snails pace and still we have the entitled retirees whining about no COLA this year, or last. That includes me, my SS and my Navy Retirement did not go up. Such is life, stuff happens to all of us eventually, and most of us don't complain about it.
    Some retirees whine about being on a "fixed" income, and the biggest whiners are those who by all appearances have more than enough income and assets to be only minimally affected by no COLA.
    Other retirees whine about having to pay the schools portion of property taxes, saying that they have no children in the schools. True, but they did once, and no way did most of us pay the full cost of educating our children...
    That is like saying "I am not drawing SS, why should I pay into it?"
    But all this is just the opinion of someone who has always been a bit paranoid about the future, and did a good job of preparing for whatever comes.....so far.
    Oracle of Utah
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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Quote Originally Posted by Conservative View Post
    After spending 35 years in the private sector I can honestly say that your "book learnin" hasn't taught you a thing.
    Arguing with conservatives has taught me plenty.

    Quote Originally Posted by Conservative View Post
    You obviously don't have a clue how our economy works and the components of GDP.
    Let me take a wild guess how you think it works: Zero taxation = infinite GDP?

    Quote Originally Posted by Conservative View Post
    We have or had the greatest economy on the face of the earth until social engineering liberals came into power and continue to work to destroy it.
    Your view of history is from an alternate universe. The US economy was the envy of the world in virtually every respect during the 47-year period of highly progressive taxation:



    http://www.truthandpolitics.org/top-rates.php

    Quote Originally Posted by Conservative View Post
    Most liberal elite academics have never run a business and are totally out of touch with reality.
    And if paranoid prejudices against entire categories of people were relevant, I would bother to contradict you. But they're not, and you still haven't made a single substantive comment on the topic.
    Last edited by Troubadour; 10-28-10 at 04:39 PM.

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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Quote Originally Posted by Troubadour View Post
    Arguing with conservatives has taught me plenty.



    Let me take a wild guess how you think it works: Zero taxation = infinite GDP?



    Your view of history is from an alternate universe. The US economy was the envy of the world in virtually every respect during the 47-year period of highly progressive taxation:



    Top US Marginal Income Tax Rates, 1913--2003 (TruthAndPolitics.org)



    And if paranoid prejudices against entire categories of people were relevant, I would bother to contradict you. But they're not, and you still haven't made a single substantive comment on the topic.

    Who ever mentioned zero taxation? how about reducing the size of the govt getting back to what our founders envisioned, small central govt. focused on national defense. that would take the size of the govt. down to about 1.5 trillion dollars instead of 3.8 trillion that it is now.

    Don't know why so many are afraid of the American people keeping more of what they earn? Explain it to me.

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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Quote Originally Posted by apdst View Post
    You do understand the difference between capital gains tax and income tax. Yes?

    What do you think the capital gains tax should be? 20% is plenty high enough.
    Capital gains tax should be the same rate as income tax. It's really only another form of income and should be added to all the other income on the same tax form.

    The only reason it's lower is lobbyist's pressure, blackmail or threats.

    ricksfolly

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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Quote Originally Posted by ricksfolly View Post
    Capital gains tax should be the same rate as income tax. It's really only another form of income and should be added to all the other income on the same tax form.

    The only reason it's lower is lobbyist's pressure, blackmail or threats.

    ricksfolly
    Please tell me why the Federal Govt. should get anything from the risk taking and success of individuals' investments? They do that now with the excise taxes on gasoline and personal income taxes.

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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    services provided by our govt will never be free, and most of them will always be needed...
    Oracle of Utah
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    Re: So How Did the Bush Tax Cuts Work Out for the Economy?

    Quote Originally Posted by UtahBill View Post
    services provided by our govt will never be free, and most of them will always be needed...
    Services from our govt? Which govt, state, federal, or local? That is the point as there is much duplication of effort on the part of all. Where do the services belong, Federal, state, or local? Let's get back to the basics. We don't need a 3.8 trillion dollar Federal Govt. Don't people get it? If Federal Taxes go up, then people are going to flee high tax states to keep their tax burden relatively the same and that hurts state revenue? Stop the Federal Spending on issues that belong in the states or local communities.

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