View Poll Results: Can a nation tax its way to prosperity?

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  • Yes

    7 11.48%
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    44 72.13%
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    10 16.39%
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Thread: Can A Nation Tax Itself Into Prosperity?

  1. #31
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    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by CanadaJohn View Post
    Seriously? That's your angle here? There isn't a conservative around, including Churchill, who's against taxation used to build and maintain infrastructure and on research and development. That's not, however, what liberals have in mind when they talk of raising taxes. With liberals,
    it's all wealth redistribution and making life easier for the poor and lazy.


    You are full of it.

    I'll let you figure out what it is.


  2. #32
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    Re: Can A Nation Tax Itself Into Prosperity?

    It all depends on how the money is spent.

  3. #33
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    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by shrubnose View Post
    You are full of it.

    I'll let you figure out what it is.

    There's a surprise - can't argue the content of the post, so you have to personally insult the poster. Your above post is pathetically predictable.
    A Canadian conservative is one who believes in limited government and that the government should stay out of our wallets and out of our bedrooms.

  4. #34
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    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by pbrauer View Post
    Consider the following quote from Winston Churchill:
    "We contend that for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."

    Yes

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    I wonder why the most prosperous times with the most opportunity for middle class and upwardly mobile poor was when the top quintile was taxed near 70-80% on earnings over the next lower quintile.

    Could it be because almost no one ever paid that rate because tax breaks were given for reinvesting in community, infrastructure, domestic job creation, expanding business, etc?

    A progressive tax says that he first $25k (arbitrary) you earn is taxed at 15%, the next $50k is taxed a little higher, and so on... If you earn 400 times your average worke and don't want to give back to the community and producers that made it possible, then you will feel the full tax burden. If you want tax breaks, do good in your community. Not the PR faux, just for show crap that passes for altruism today... But real connected involvement and contribution to the general welfare of all.
    Last edited by Occam's Razor; 07-04-15 at 12:01 PM.
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  5. #35
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    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by CanadaJohn View Post
    There's a surprise - can't argue the content of the post,
    so you have to personally insult the poster.
    Your above post is pathetically predictable.


    How is it an insult to let someone figure out for themselves what they're full of?

  6. #36
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    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by shrubnose View Post
    How is it an insult to let someone figure out for themselves what they're full of?
    It's no problem - your posts are predictable and devoid of substance and value. There's a benefit to consistency, even when it's pathetic.
    A Canadian conservative is one who believes in limited government and that the government should stay out of our wallets and out of our bedrooms.

  7. #37
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    Re: Can A Nation Tax Itself Into Prosperity?

    The formulation of the question is way too simplistic. Just raising taxes alone obviously won't make a country rich. But, yes, raising taxes is a necessary part of getting the US back on a more economically sound path.

    The way it works is that if you listed off all most beneficial things the country can do and that we can afford to do, and you figured out which percentage of those things are more efficiently done by government, then your ideal tax rates are those which collect that percentage of the GDP. For example, government seems to do a better job of enforcing criminal law, so put that in the government column. Private companies seem to be better at making smartphones, so put that in the private sector column, government is better at ensuring that disabled people get care, private industry is better at designing jeans, etc.

    It seems pretty clear that we're currently below that line. The economy has tended to perform better when taxes were higher than they are today and there are many important things that the government does better which are not being adequately done. For example, antitrust regulation provides some mindblowingly large return on investment. Just one really bad merger or serious collusion can cost the economy tens of billions of dollars a year due to the sapping of competition, and it only costs hundreds of thousands or maybe millions to block a merger like that or to discover collusion like that. But, the DOJ and the antitrust groups in the FCC and FTC are woefully under-staffed. Often, the companies seeking to merge will have teams of over 100 lawyers working on it literally for years while the government agencies combined might only have one person part time for 2 months. The result is very predictable- tons of terrible mergers go through that should not. Anyways, there are a lot of penny-smart, pound-stupid things like that where the amount we save in taxes is only a tiny fraction of the economic cost we incur by underfunding those things.

  8. #38
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    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by CanadaJohn View Post
    It's no problem -
    your posts are predictable and devoid of substance and value.
    There's a benefit to consistency, even when it's pathetic.


    That's exactly how I see most of your posts.

    Occasionally a good one slips through.




    "Even a blind squirrel finds a nut once in a while."

  9. #39
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    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by pbrauer View Post
    Consider the following quote from Winston Churchill:
    "We contend that for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."

    Yes

    No

    Other
    I could also ask, "Can a nation bring prosperity by massive tax cuts for the super-rich?"

  10. #40
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    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by tuhaybey View Post
    The economy has tended to perform better when taxes were higher than they are today
    This suggests tax levels are causal of economic activity. Also, what taxes?

    Quote Originally Posted by distraff View Post
    I could also ask, "Can a nation bring prosperity by massive tax cuts for the super-rich?"
    You mean the capital gains tax cuts of the 1990s?
    "The knowledge and prudence of the poor themselves, are absolutely the only means by which any general and permanent improvement in their condition can be effected." - Thomas Malthus

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