View Poll Results: Would you vote for Herman Cain for president?

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  • Yes

    164 46.07%
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    192 53.93%
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Thread: Herman Cain for president?

  1. #661
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    Re: Herman Cain for president?

    Quote Originally Posted by Centrist77 View Post
    A poll? it must be true then, Im sure they did to partasin people. I dont know anybody objective that thinks they have a shot, are our future or arent part of the problem. A shock jock and and walking talking point.

    I have a bet with Barbtx would you like to bet too?
    Cain/palin will never be president/vice president if they do you can pick my sig lin for a month or my avatar for a year and vice versa.

    You game?
    A study, not sure how it was taken. Indeed they were partisan, as it was a ranking of the GOP presidential field.

    No, the field is wide open and betting is unwise.
    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

  2. #662
    I'm kind of a big deal

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    Re: Herman Cain for president?

    Quote Originally Posted by Bigfoot 88 View Post
    A study, not sure how it was taken. Indeed they were partisan, as it was a ranking of the GOP presidential field.

    No, the field is wide open and betting is unwise.
    SO no bet huh.
    How about this, what if the field gets less wide, I dont think he/she will but if Cain/Palin gets the bid will you take the bet then?
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    Re: Herman Cain for president?

    Quote Originally Posted by Bigfoot 88 View Post
    Raising taxes significantly wouldn't do much to bring down the deficit.

    I think it would be better to spur economic growth(and job creation) by lowering the tax rate.
    So by having less money coming in (from higher taxes) thereby we're going to have more money coming in. That's makes a lot of sense doesn't it ? Pheeeeeeeeeww !!!! (high-pitched whistle).

    If you want more money in the treasury you bring more money in, not less. Lowering the tax rate will only cause the treasury to be even smaller, and the deficit even worse.

    http://www.msnbc.msn.com/id/40888787...s-tax_tactics/
    Last edited by Scanner; 06-04-11 at 05:02 PM.

  4. #664
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    Re: Herman Cain for president?

    Quote Originally Posted by Scanner View Post
    So by having less money coming in (from higher taxes) thereby we're going to have more money coming in. That's makes a lot of sense doesn't it ? Pheeeeeeeeeww !!!! (high-pitched whistle).

    If you want more money in the treasury you bring more money in, not less. Lowering the tax rate will only cause the treasury to be even smaller, and the deficit even worse.

    Poll: Tax the rich to balance the budget - Business - Personal finance - Tax Tactics - msnbc.com
    That theory works only on paper and isn't the product of deep thinking. More money comes in because the economy is allowed to expand, with more money being made, and therefore more revenue.

    There are other advantages to lower taxes as well, but it is true that they actually bring in more revenue over the long haul.
    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

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    Re: Herman Cain for president?

    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

  6. #666
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    Re: Herman Cain for president?

    Quote Originally Posted by Bigfoot 88 View Post
    OMG! Kennedy was a Republican after all.

    So, the top tax rates in 1963 were... what again? Kennedy was right, they were pretty high. They are how much now?

    It's much like setting the price in a retail business. Set them too high, and you lose customers. Set them too low, and your profit margin isn't high enough to pay the bills. Rather than go on about how cutting taxes raises revenues, perhaps a better idea would be to try to determine just what the optimal rate might be.

    That is not what all retail businesses do, of course. Only the successful ones do that.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Herman Cain for president?

    Quote Originally Posted by Dittohead not! View Post
    OMG! Kennedy was a Republican after all.

    So, the top tax rates in 1963 were... what again? Kennedy was right, they were pretty high. They are how much now?

    It's much like setting the price in a retail business. Set them too high, and you lose customers. Set them too low, and your profit margin isn't high enough to pay the bills. Rather than go on about how cutting taxes raises revenues, perhaps a better idea would be to try to determine just what the optimal rate might be.

    That is not what all retail businesses do, of course. Only the successful ones do that.
    They are much lower now. There are also many less loopholes. Back then we didn't have the global market we had today, we were simply more advanced, not to mention much of the world had to recover from WW2 while we came out pretty much on top.

    You are using the wrong business model comparison. Lower taxes allow businesses to grow and compete in a global market. As business grows, more jobs are provided, and more stock values rise. Obviously you can't eliminate taxes, but everyone is better off if you are getting revenue from quantity, not rates.

    Take Ireland for example, they lowered taxes and had so much economic growth some EU officials asked them to raise the rates so they wouldn't get too far ahead of the neighboring countries.

    Optimal rates change, and right now it would be better if that unknown rate was lowered.
    Last edited by Bigfoot 88; 06-04-11 at 06:57 PM.
    "I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money." -Thomas Sowell

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    Re: Herman Cain for president?

    Quote Originally Posted by Bigfoot 88 View Post
    Optimal rates change, and right now it would be better if that unknown rate was lowered.
    How do you know? Right now, the government is struggling with a huge deficit, and not doing so well with it. On the one side we have "tax the rich", on the other "lower taxes and improve the economy." How do we know that the tax rate is either too high or too low to bring in the revenue needed to close the gap? Overall federal taxes are lower now than they have been in some time.

    I think we can all agree that putting people back to work is the solution to the economic problems, but how best to do it?

    One thing that would no doubt help: Get the burden of health care off of the employers. That would no doubt save them more money than any practical tax cut would do.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: Herman Cain for president?

    and what was revenue when Kennedy made that speech? Revenue is what we are after, after all.








    Revenues aren't a function of Rates. They are a function of GDP. You want to increase revenue, you gotta increase GDP.

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    Re: Herman Cain for president?

    Quote Originally Posted by cpwill View Post
    and what was revenue when Kennedy made that speech? Revenue is what we are after, after all.








    Revenues aren't a function of Rates. They are a function of GDP. You want to increase revenue, you gotta increase GDP.
    That graph backs up your opinion nicely. Now, do you increase GDP by decreasing taxes? Or is there some other course of action that is needed.
    Right now, increasing the GDP and decreasing the deficit should be priority 1 and 2, not necessarily in that order.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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