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

Voters
61. You may not vote on this poll
  • Yes

    7 11.48%
  • No

    44 72.13%
  • Other

    10 16.39%
Page 6 of 15 FirstFirst ... 45678 ... LastLast
Results 51 to 60 of 145

Thread: Can A Nation Tax Itself Into Prosperity?

  1. #51
    Guru
    scatt's Avatar
    Join Date
    Dec 2013
    Last Seen
    09-20-15 @ 09:25 PM
    Lean
    Undisclosed
    Posts
    4,384

    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by tuhaybey View Post
    No, not even close.
    The fastest was in the late 1800's.

  2. #52
    Educator
    Join Date
    Sep 2014
    Last Seen
    07-18-15 @ 12:26 PM
    Gender
    Lean
    Liberal
    Posts
    731

    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by Neomalthusian View Post
    I read your post. You made an indirect suggestion that tax rates cause economic activity and then veered off in a different direction about anti-trust regulation.
    Anyways dude, I can't debate you if you aren't going to read or respond to what I post. It just isn't possible to debate when the other person isn't reading what you write, so not really sure what you're hoping I'll do for you here.

  3. #53
    Sage

    Join Date
    Nov 2014
    Location
    Pennsylvania, USA
    Last Seen
    05-28-16 @ 11:08 AM
    Gender
    Lean
    Other
    Posts
    6,639

    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.
    there are many conservatives who are against the bolded.

  4. #54
    Sage

    polgara's Avatar
    Join Date
    Jan 2013
    Location
    NE Ohio
    Last Seen
    Yesterday @ 09:24 PM
    Gender
    Lean
    Other
    Posts
    16,797

    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by tuhaybey View Post
    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.
    Happy July 4, tuhaybey!

    Putting the brakes on spending is also very important, IMO. When people are taxed more by the government, they have fewer dollars available to spend on everything else. For many, crunch time has already arrived for the middle class - what's going to happen if more of their money is taken in taxes? We are already seeing businesses like restaurants and other retail establishments in this area close, and I feel it's likely to continue. Sad....

  5. #55
    Sage

    Join Date
    Nov 2014
    Location
    Pennsylvania, USA
    Last Seen
    05-28-16 @ 11:08 AM
    Gender
    Lean
    Other
    Posts
    6,639

    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by scatt View Post
    The fastest US growth rate was before the income tax.
    false.

  6. #56
    Guru
    scatt's Avatar
    Join Date
    Dec 2013
    Last Seen
    09-20-15 @ 09:25 PM
    Lean
    Undisclosed
    Posts
    4,384

    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by SlevinKelevra View Post
    false.
    It is literally true. It also occurred in a time of deflation.

  7. #57
    Canadian Conservative
    CanadaJohn's Avatar
    Join Date
    Jan 2013
    Location
    Toronto, Ontario, Canada
    Last Seen
    Yesterday @ 07:34 PM
    Gender
    Lean
    Conservative
    Posts
    26,183

    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by shrubnose View Post
    "Even a blind squirrel finds a nut once in a while."
    Good to see you haven't given up on yourself yet.
    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.

  8. #58
    Canadian Conservative
    CanadaJohn's Avatar
    Join Date
    Jan 2013
    Location
    Toronto, Ontario, Canada
    Last Seen
    Yesterday @ 07:34 PM
    Gender
    Lean
    Conservative
    Posts
    26,183

    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by SlevinKelevra View Post
    there are many conservatives who are against the bolded.
    That's fair - I should have noted research and development related to the primary business of government. Most conservatives don't oppose things like NASA, the CDC, weapons systems, etc. Most conservatives are opposed to the government spending money researching bovine farts, etc.
    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.

  9. #59
    Educator
    Join Date
    Sep 2014
    Last Seen
    07-18-15 @ 12:26 PM
    Gender
    Lean
    Liberal
    Posts
    731

    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by scatt View Post
    The fastest was in the late 1800's.
    No, that isn't true. Most years in the last 1800s were under 2%. In 1892 we hit 7.5% and in 1895 we hit 10%. But, those good years were interspersed with some very bad years, like 1894 when we lost 4.7% and whatnot.

    During FDR's term, we over 5% nine years, over 10% four years, and over 17% three years. No other president ever broke 10% and FDR did it four times.

    Social Democracy for the 21st Century: A Post Keynesian Perspective: US Real Per Capita GDP from 1870–2001

    You might be looking at a chart that isn't adjusted for inflation. There were some years in the last 1800s that had really crazy inflation I think, so that could distort it pretty badly.

  10. #60
    Guru
    scatt's Avatar
    Join Date
    Dec 2013
    Last Seen
    09-20-15 @ 09:25 PM
    Lean
    Undisclosed
    Posts
    4,384

    Re: Can A Nation Tax Itself Into Prosperity?

    Quote Originally Posted by tuhaybey View Post
    blogspot.com
    Cool blog link, bro.

Page 6 of 15 FirstFirst ... 45678 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •