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Thread: Kansas raises taxes and its economy booms--the exact opposite of what Cons said

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    Quote Originally Posted by jimmymccready View Post
    70% high rate for richies sound just right, so why not, Flash?
    You ignored the question. You said tax cuts make the nation suffer. What suffering was caused by these large tax cuts? A 20% tax cut for the wealthy is much more than 20% for a lower-middle income person---so it was obviously a "tax cut for the rich."

    Why not? Because government does not deserve 70% of anybody's income. However, the effective tax rate was about the same under the 91%, 70%, or the 39% top tax rates. The percentage of revenue raised as a percent of GDP was less when we had a 90% tax rate than much lower top rates.

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    When they add 9 trillion to debt, the working class ends up paying more, and the rich fucks are running around paying almost 40 points lower than before, well, fuck you, Flash, you ignorant anti-working class snob. And I say that honestly to you. You need to ship out.

    After the richie excess of the 1920s, the GD came, which led to a working class rebellion against the richies. It took 60 years for the richies to overcome that.

    When the next GR or GD comes, it will be back to 75%.

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    Quote Originally Posted by Flash View Post
    What were the ill effects that made the nation suffer following the JFK tax cuts?
    First of all, those tax cuts didn't start until after JFK was assassinated.

    Secondly, the tax "cut" reduced the top rate down to 70%. So if you want to return to a 70% rate on the top, I'm all for that.

    Thirdly, the reason the economy grew during the 60's was because government spending increased by 50% thanks to the Great Society.

    The increase in government spending during the 60's was greater than the tax cut.

    Flash left out the government spending because then he wouldn't be able to argue that tax cuts did anything.
    When I die, turn me into a brick and use me to cave in the skull of a fascist


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    Quote Originally Posted by LV426 View Post
    The comeback state of 2019: Kansas economy rebounds from tax-cutting disaster
    https://www.cnbc.com/2019/07/09/top-...-disaster.html

    Tax cuts never, ever, ever, ever, ever, ever work.

    All they do is force deficits which Conservatives then use as an excuse to cut the spending to which they are ideologically opposed, but lack the courage, will, and support to repeal through conventional legislation.

    Conservatives act purely in bad faith.
    So it was because taxes were raised the economy rebounded from Obamunism?

    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
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    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
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    Quote Originally Posted by Flash View Post
    You ignored the question. You said tax cuts make the nation suffer. What suffering was caused by these large tax cuts? A 20% tax cut for the wealthy is much more than 20% for a lower-middle income person---so it was obviously a "tax cut for the rich."
    The suffering of the tax cuts was mitigated by the fact that government spending increased 50% thanks to the Great Society and NASA.

    In fact, the increase in government spending was greater than the reduction in revenue thanks to the tax cut.

    Also, revenue declined from 1964 to 1965, proving once again that tax cuts reduce revenue.
    When I die, turn me into a brick and use me to cave in the skull of a fascist


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    Quote Originally Posted by jimmymccready View Post
    Cut taxes for the rich and trickle down voodoo economics makes the nation suffer every single fucking time.
    LIE and LAME. Why are you so damned dumb?
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by MASON View Post
    Conservatives don't give a fuck!
    As long as the rich get richer!
    LIE and LAME. Why are you such a moron?
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by LV426 View Post
    I thought the argument was that tax cuts would unleash all this spending that would increase revenues and resources.
    I am amused by the moronic argument claiming that tax increases will create economic booms.
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by LV426 View Post
    So this is weird.
    Conservatives insist that cutting taxes leads to economic growth.
    When it doesn't (which is always), the excuse for why becomes spending.
    Yet, spending is the only way to grow an economy.
    So can any Conservative moron explain why cutting spending would have any effect on the spending that is supposed to happen from tax cuts?
    ^^It never takes long for this idiot to go FULL RETARD.
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by Flash View Post
    Why not? Because government does not deserve 70% of anybody's income.
    Of course, that's not true, nor what anyone is proposing. So this is another example of Flash acting in bad faith.

    The 70% isn't on all the income, it's only on income over a certain amount. So you left that crucial context out because all you know how to do is act in bad faith.


    The percentage of revenue raised as a percent of GDP was less when we had a 90% tax rate than much lower top rates.
    This is a bad faith measurement because even a 1% change in the rate of rev-to-GDP means the difference of $220B today. Our current deficit is about $800B. So by increasing rev-to-GDP by a measly 1%, you reduce the deficit by more than 25%.

    Medicaid's budget is about $556B. So if you increased rev-to-GDP by just 1% because you increased taxes on the rich, you generate $220B, which is 40% of Medicaid's entire budget.

    These are things Flash leaves out either because he doesn't think of it, or he does and just acts in bad faith, hoping no will check his work.
    When I die, turn me into a brick and use me to cave in the skull of a fascist


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    Quote Originally Posted by LV426 View Post
    The comeback state of 2019: Kansas economy rebounds from tax-cutting disaster
    https://www.cnbc.com/2019/07/09/top-...-disaster.html

    Tax cuts never, ever, ever, ever, ever, ever work.

    All they do is force deficits which Conservatives then use as an excuse to cut the spending to which they are ideologically opposed, but lack the courage, will, and support to repeal through conventional legislation.

    Conservatives act purely in bad faith.
    attn. nut**bag

    economy is booming sea to shining sea, except of course maybe California, but then they aren't really "America" anyway.

    sooooo

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    Quote Originally Posted by Getin the ring View Post
    economy is booming sea to shining sea, except of course maybe California, but then they aren't really "America" anyway.
    CA's GDP growth is higher than the rest of the country's.

    Atlanta Fed predicts just 1.7% GDP growth for last quarter.

    So the economy is slowing down.
    When I die, turn me into a brick and use me to cave in the skull of a fascist


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    Quote Originally Posted by Gonzomin View Post
    Taking in less revenue than is required adds to deficits.
    Do you realize how stupid this sentence is? How do you know how much revenue is required snowflake? Is it a made up number that makes you feel warm and fuzzy?

    How do tax increases create wealth and economic booms?

    Quote Originally Posted by Gonzomin View Post
    You can address it by adding taxes or cutting spending. But there is a level of spending needed to supply services.
    Our Government has seen revenue increase since it's inception. Yet we constantly run deficits because our SPENDING increases much faster than the revenue. We do not have a REVENUE problem in this country, but rather, a SPENDING problem.

    It's quite easy to guarantee a steady growth of tax revenue to the Government. You just need policies that encourage education, wealth creation and independence. The citizens do not need Government to guarantee them incomes, healthcare or jobs. They just need the opportunity to do for themselves.

    When Gates created Microsoft and became a billionaire; he created wealth, jobs and opportunity for millions. The economy is not a zero sum game as leftists want everyone to believe. It is INFINITE.
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by jimmymccready View Post
    When they add 9 trillion to debt, the working class ends up paying more,
    Obama did that; yet you cheered the malaise and stagnant economic growth he created. How does the working class pay more when the Government runs up the deficit? Be specific. It is a stupid statement with ZERO connection with reality.

    Quote Originally Posted by jimmymccready View Post
    ...and the rich fucks are running around paying almost 40 points lower than before, well, fuck you, Flash, you ignorant anti-working class snob. And I say that honestly to you. You need to ship out.
    That's the thing about moronic class envy screeds like this; it is not connected to reality and is bred from ignorance. Just because someone has more income, doesn't mean anyone else has less you ignoramus. Class envy arguments are for uneducated morons.

    Quote Originally Posted by jimmymccready View Post
    After the richie excess of the 1920s, the GD came, which led to a working class rebellion against the richies. It took 60 years for the richies to overcome that.
    When the next GR or GD comes, it will be back to 75%.
    ^^Dumbest shit I have read today.
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by LV426 View Post
    First of all, those tax cuts didn't start until after JFK was assassinated.
    Secondly, the tax "cut" reduced the top rate down to 70%. So if you want to return to a 70% rate on the top, I'm all for that.
    Thirdly, the reason the economy grew during the 60's was because government spending increased by 50% thanks to the Great Society.
    The increase in government spending during the 60's was greater than the tax cut.
    Flash left out the government spending because then he wouldn't be able to argue that tax cuts did anything.
    Government spending doesn't cause economies to grow you willful idiot. In order for the Government to SPEND, it must first TAKE AWAY that which is earned.

    If Government spending and taxation were such grand economic models, Venezuela would be the wealthiest most successful economy in South America. But it is not.

    I am still laughing about your claim that raising taxes increases economic activity. That's funny bullshit.
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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