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Thread: Time to tax the wealthy big time.

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    Quote Originally Posted by Flash View Post
    The point is that per capita government revenue was higher with the lower top marginal rates after 1980 than the higher 70-91% rates pre 1980. I'm just stating a fact.
    That isn't a fact, it's a half-truth.

    You leave out that other taxes were raised post-1980, and those tax increases made up for the loss of revenue from income taxes.

    You're trying to pretend all other tax rates remained the same, therefore changing the marginal income tax rates doesn't affect revenue.

    It does affect revenue, greatly, and that's why more than a dozen tax increases were done after 1980 to close the gap.
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    Quote Originally Posted by Flash View Post
    The point is that per capita government revenue was higher with the lower top marginal rates after 1980 than the higher 70-91% rates pre 1980. I'm just stating a fact.
    This is the "apples and oranges are the same thing because they're both fruit" bar lowering that is yet another one of your bad habits.

    Cutting marginal income tax rates reduced revenue by 3-4.5% of GDP.

    But raising taxes 6 times over that same period raised revenue by 3-3.5% of GDP.

    So not sure how you think that means cutting the top marginal income rate increased government revenue. Maybe you're a fucking idiot, or you're a sophist for leaving those tax increases out?
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    Quote Originally Posted by jbander View Post
    Time to tax the wealthy big time.
    If we could go back to taxing them at the effective rate Reagan got, it would be a huge step in the right direction. The Republicans have moved the ball so far in the wealthy's direction, we are just trying to return to Reagan right now.

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    Quote Originally Posted by Flash View Post
    Who are "you people"? You are making false assumptions.

    Your chart showed the year after the 2017 tax cut (2017-2018). My chart showed the long-term trend (1980-2005) showing more revenue is produced during periods of lower marginal tax rates. Your comparison is a joke.

    Attachment 19893
    Who cares about revenue (tax) for government? That is not economics. It is theft. It is taking money by force.
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    Quote Originally Posted by jbander View Post
    Read what I wrote idiot , you're assuming that it is because the result of tax cuts first isn't shown on your chart, I see major drops in revenue after tax cuts on your own bozo chart. Doesn't matter anyway first revenue goes up every year without the help of anything when the markets are good. Add in the fact that there is at least a dozen reasons other then tax cuts that causes revenue to increase and that makes your chart meaningless. If you can't understand that, then you my friend have no clue.
    Government revenue isn't markets. Non-sequitur fallacy.
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    Quote Originally Posted by Walt View Post
    If we could go back to taxing them at the effective rate Reagan got, it would be a huge step in the right direction. The Republicans have moved the ball so far in the wealthy's direction, we are just trying to return to Reagan right now.
    Void argument fallacy. Vague accusations are really quite pointless.
    "The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
    "Donald has failed in almost every endeavor he has attempted. " --floridafan
    "Abortion is not a moral issue. " --BidenPresident
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    "Even after being vaccinated, you shed virus particles." --Jerome
    "no slavery is forcing another into labor" -archives
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    Quote Originally Posted by Into the Night View Post
    Who cares about revenue (tax) for government? That is not economics. It is theft. It is taking money by force.
    But constitutional theft. How would you provide revenue for government operation?

    Agree about the revenue. I wouldn't favor lower taxes because I thought it would increase revenue because we don't need for government to have more revenue--we need it to spend less.

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    Quote Originally Posted by Flash View Post
    I wouldn't favor lower taxes because I thought it would increase revenue because we don't need for government to have more revenue--we need it to spend less.
    Spend less on what, Flash?

    And if you cut government spending and don't replace that spending with anything else, you contract the economy.

    That's why we always run into recessions after tax cuts, because tax cuts starve the treasury of revenue which produces budget deficits, which are then closed through spending cuts.

    It's fiscal terrorism.

    And "low taxes" have never, ever, ever, ever once produced a healthy economy.

    Never. Not once. Not ever.
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    Quote Originally Posted by Into the Night View Post
    Who cares about revenue (tax) for government? That is not economics. It is theft. It is taking money by force.
    What a fucking joke.

    Completely fucking clueless.
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    Quote Originally Posted by Into the Night View Post
    Guess you forgot about the fantastic opportunities that opened for anyone that wanted to take part in them.
    You mean like the S&L crisis?

    Or the subprime crisis?

    Or the dotcom crisis?

    Or maybe you're referring to the fact that a year after the 2017 tax cut, manufacturing lost 350,000 jobs and the entire industry was mired in a recession?

    That what you mean by "fantastic opportunities"?
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    Quote Originally Posted by jbander View Post
    Read what I wrote idiot , you're assuming that it is because the result of tax cuts first isn't shown on your chart, I see major drops in revenue after tax cuts on your own bozo chart. Doesn't matter anyway first revenue goes up every year without the help of anything when the markets are good. Add in the fact that there is at least a dozen reasons other then tax cuts that causes revenue to increase and that makes your chart meaningless. If you can't understand that, then you my friend have no clue.
    This will help show how fucking stupid Flash is on this subject:

    Untitled.jpg

    He's a total fucking joke who says he doesn't support tax cuts, but that he supports "low taxes".

    Interested to know how you get to "low taxes" without tax cuts, but don't ask Flash that because he'll take it personally and will accuse you of being mean to him because you won't indulge his fantasy or sophistry.
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    Quote Originally Posted by jbander View Post
    Why do the people that know the least about a subject claim to be a expert on the subject. Flash's own chart shows that he is wrong and the poor cowboy can't even see it.
    Oh, Flash knows he's wrong, he just doesn't want to admit it because of what it means for his credibility on the subject moving forward.
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    Quote Originally Posted by jbander View Post
    Who in the hell is this flash, trying the bait and switch on everyone. That is a bullshit move by a micro mind.
    He's a sophist because he's fucking lazy and entitled.
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    Quote Originally Posted by BidenPresident View Post
    Trump tax cuts hurt the nation.
    really how did the tax cuts hurt us give details

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    Quote Originally Posted by Into the Night View Post
    Government revenue isn't markets. Non-sequitur fallacy.
    Everyone , this is the one to read. may be the stupidest comment of the day, Bozo the grape doesn't think that Government revenue has anything to do with the market. I thinks he does not understand.Yuk yuk. Government revenue is from our national market. That would be all of business and even to a degree workers pay is also part of the market. Government revenue is controlled by how good or bad the market's are. I wonder what bozo the grape thinks dictates federal revenue.

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