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

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Thread: Herman Cain for president?

  1. #671
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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.
    Revenue is all what we are after, sadly some just want to punish the rich because they are have more money than they do.
    "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 Dittohead not! View Post
    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.
    Well, as shown by Bush Jr., Clinton, Reagan, and Kennedy, lowering taxes raises revenues. Taxing the rich does supply a short burst of revenue, I will admit, but is damaging and less effective in the long haul.

    First, we need incentives and penalties to stop outsourcing. Secondly, we need to solve the undocumented worker situation. Thirdly, we need welfare reform so we are not making it easy to not work, rather than the intended purpose of helping those that need assistance. These things combined with effective pro-business policy will create jobs.
    "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?

    Nope, unless I missed it he has no interested in nuking the Patriot Act or chaning our foreign policy. He's also a social conservative (supports government thugs interfering in your personal life) and a religious conservative. I rather be lynched by David Duke than vote for that statist.
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    Re: Herman Cain for president?

    Quote Originally Posted by Bigfoot 88 View Post
    Well, as shown by Bush Jr., Clinton, Reagan, and Kennedy, lowering taxes raises revenues. Taxing the rich does supply a short burst of revenue, I will admit, but is damaging and less effective in the long haul.

    First, we need incentives and penalties to stop outsourcing. Secondly, we need to solve the undocumented worker situation. Thirdly, we need welfare reform so we are not making it easy to not work, rather than the intended purpose of helping those that need assistance. These things combined with effective pro-business policy will create jobs.
    Yes, that is exactly what we need. However:

    Incentives and penalties to stop outsourcing? What! Are you anti free trade? What a bunch of liberal hooey that is!

    Stop undocumented workers.. um.. sure.. we're willing to do that (Washington pols speaking) just as soon as you can replace all that lovely money we get from the lobbyists who like the cheap labor.

    Welfare reform: Sure, every Washington poll will be glad to mouth platitudes about that, along with calling for immigration reform and building an expensive and unworkable border fence.

    In short, we need to reform Washington.
    "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?

    Job outsourcing is when a U.S. company decides to leave and pursue production where it is cheaper to hire workers. I will retract my statement about penalites, however incentives need to be given to companies that choose to hire American workers.
    Last edited by Bigfoot 88; 06-05-11 at 01:09 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
    Job outsourcing is when a U.S. company decides to leave and pursue production where it is cheaper to hire workers. I will retract my statement about penalites, however incentives need to be given to companies that choose to hire American workers.
    Hmm. I pushed the reply with quote button, and a different post came up. This one does make sense. What sorts of incentives would you suggest?

    Outsourcing may not be free trade, but if you oppose outsourcing, you'll be painted as anti free trade.
    "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 Bigfoot 88 View Post
    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 I heard about Ireland, their economy was in the dumpster along with Greece and Spain.

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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.
    They are a function of both. If you have the highest GDP imaginable, but your top bracket tax rates are very low, you'll still have a very low intake of revenue.

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    Re: Herman Cain for president?

    Quote Originally Posted by Scanner View Post
    They are a function of both. If you have the highest GDP imaginable, but your top bracket tax rates are very low, you'll still have a very low intake of revenue.
    that is partially true; if you slashed all tax rates in extreme ways, it would be possible to aim for below-the-18.5%-historical-average.

    but so far, we haven't come close at all to reaching that tipping point. quite the opposite:


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    idea Re: Herman Cain for president?

    Quote Originally Posted by Bigfoot 88 View Post
    Job outsourcing is when a U.S. company decides to leave and pursue production where it is cheaper to hire workers. I will retract my statement about penalites, however incentives need to be given to companies that choose to hire American workers.
    Job outsourcing is the attempt to boost profits by hiring cheap, foreign labor.

    It has 2 types :

    1. International outsourcing as you describe, and

    2. Domestic Outsourcing - hiring the cheap foreign labor INSIDE the US, entailing that part of the workforce whose jobs can only be done INSIDE the US (landscaping, construction, janitorial, hotels, etc).

    As for incentives, how about jail time for those who hire illegal aliens ? (enforce IRCA), and fines for those who engage in international outsourcing (making it not economical for them to do so).

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