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Switch to Forum Live View Rich guy's TED talk: it is consumers, not rich people, who create jobs.
2 years ago  ::  May 20, 2012 - 9:05AM #11
Kwinters
Posts: 20,829

Cutting taxes for the rich and rolling back regulations - the faith-based economic model of the GOP - will do nothing to increase consumption in the middle class.

Jesus had two dads, and he turned out alright.~ Andy Gussert

“Feminism has fought no wars. It has killed no opponents. It has set up no concentration camps, starved no enemies, practiced no cruelties. Its battles have been for education, for the vote, for better working conditions…for safety on the streets…for child care, for social welfare…for rape crisis centers, women’s refuges, reforms in the law.

If someone says, “Oh, I’m not a feminist,” I ask, “Why, what’s your problem?”

Dale Spender
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2 years ago  ::  May 20, 2012 - 9:22AM #12
catboxer
Posts: 14,012

We don't need jobs; we need land, peace, and freedom.

Adepto vestri stercore simul.ttr
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2 years ago  ::  May 20, 2012 - 9:59AM #13
Bodean
Posts: 9,204

May 18, 2012 -- 4:19AM, Kwinters wrote:


Nick Hanauer's TED talk


6 important minutes: and if you haven't watched this, don't waste people's time posting nonsense about it.





Yes .. we all know it is consumers that drive the economy. So why is Obama giving Billions to Green Corporations??  Why does Obama think that he can create thousands of Green Jobs, when there is no demand from the consumers for such??  Why does Obama think that bailing out all of his campaign contributors is going to create jobs??  It doesn't, it just pads the coffers of the DNC.


Yep ..you tax dollars are being used to reelect the most incompetent President we've known.


OH .. and guess were those tax dolalrs come from, that Obama spends on propping up his DNC campaign contributors ...... yep ... Rich People.  The top 20%-ers.

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2 years ago  ::  May 20, 2012 - 11:02AM #14
aarroottoonn
Posts: 3,128

May 18, 2012 -- 10:04AM, Fodaoson wrote:


KW, Good post, and a good TED talk.   In a consumer based economy   a large middle class with some discretionary  spending  money drives a good economy.  During the 1950’s boom times of the American economy the marginal tax rates were higher on the highest incomes (non salary incomes )




Yep, that whole WWII which destroyed Europe and Japan, and left us virtually unscathed, had nothing to do with the 50's boom. Nor did the relaxation of quotas and the resumption of car makers making cars; houses being sold again, etc, etc. Success in the 50's was solely due to higher taxation upon the higher tax rates.


Um...yeah.

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2 years ago  ::  May 20, 2012 - 11:06AM #15
aarroottoonn
Posts: 3,128

I made it to the :50 mark before shutting it off for utter stupidity. He said that those who think, "the rich are job creators and should not be taxed..." Nobody is saying that. Nobody. At all. Ever.


Such hyperbole just exposes him as another idiot talking about things he obviously has no knowledge of, or understanding.

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2 years ago  ::  May 20, 2012 - 11:14AM #16
aarroottoonn
Posts: 3,128

May 20, 2012 -- 9:05AM, Kwinters wrote:


Cutting taxes for the rich and rolling back regulations - the faith-based economic model of the GOP - will do nothing to increase consumption in the middle class.




Cutting taxes is for all, and it was Bush that took millions off of the tax roles with his tax cut. Those middle and lower income earners now have more money in their pockets to consume as they desire. So many have been removed that almost half pay no income tax, and the bottom 50% of wage earners now pay less than 3% of the entire tax burden.


Rolling back regulations from govt overreach saves companies billions of dollars, and they pass those savings onto the consumers. Nothing faith based about it. Simply economic reality

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2 years ago  ::  May 20, 2012 - 12:01PM #17
catboxer
Posts: 14,012

We aren't going back to a money-jobs-oil economy, and we don't need those things.

We need land, peace, and freedom.

Give us the land ruined by monocropping and pesticides use by Monsanto and Cargill, and we'll make it right.

US out of Afghanistan, out of Iraq, out of Pakistan, out of Yemen, and out of our faces.

Tax the rich.

The Earth: love it or leave it.

Adepto vestri stercore simul.ttr
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2 years ago  ::  May 20, 2012 - 12:57PM #18
Find1Answer
Posts: 7,253

May 20, 2012 -- 9:22AM, catboxer wrote:

We don't need jobs; we need land, peace, and freedom.


I hear land in Treese, Kansas is going for pennies on the dime.  The last remaining occupants say it is real peaceful and ain't nobody around to abridge their freedom.


www.nytimes.com/2012/05/20/magazine/last...

"I don’t care if the federal government is telling me to buy my employees Jack Daniel’s or birth control. What gives them the right to tell me that I have to do that? That’s my issue, that’s what I object to, and that’s the beginning and end of the story."

This hint that Potter had merely swaddled an anti-government rant within a "religious" blanket illustrates the main problem with Justice Samuel Alito's majority opinion in Hobby Lobby: it takes claims of religious scruples for granted.

http://www.latimes.com/business/hiltzik/la-fi-mh-expanded-hobby-lobby-20140702-column.html#page=1
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2 years ago  ::  May 20, 2012 - 1:37PM #19
Fodaoson
Posts: 11,125

May 20, 2012 -- 11:02AM, aarroottoonn wrote:


May 18, 2012 -- 10:04AM, Fodaoson wrote:


KW, Good post, and a good TED talk.   In a consumer based economy   a large middle class with some discretionary  spending  money drives a good economy.  During the 1950’s boom times of the American economy the marginal tax rates were higher on the highest incomes (non salary incomes )




Yep, that whole WWII which destroyed Europe and Japan, and left us virtually unscathed, had nothing to do with the 50's boom. Nor did the relaxation of quotas and the resumption of car makers making cars; houses being sold again, etc, etc. Success in the 50's was solely due to higher taxation upon the higher tax rates.


Um...yeah.





OF course the resurgence the world economy(ies)  after WWII has a lot to do with the US economy ,but the fact remains that the tax rates were a their highest from 1942 to 1960 and growth was not stifled.  Close examination of tax cuts since WWII  will show that  a tax cut does not increase revenues (tax receipts income for government) for  the five years following a cut or stimulate the GDP .    For example the 1954 rate cut ( top 92% dropped to 91%) reduced revenue


Federal Receipts (constant 2005 $)


Year         Receipts     ($ B)


 


1953          619


1954          599


1955          544


1956          591


1957          603


1958          567


 


Starting with the 1954, in the five year period prior to the cut, the first four were boom years, probably resulting from all of the money being spent on the Korean War. The last year, however, we went into a recession as that spending dried up and the troops came home. That might have been the impetus behind the tax cut. Nevertheless, the boom was so strong, the 5-year period showed a growth of 4.7%!


The  tax cut was substantial. While it only dropped the top tax rate from 92% to 91% and, 23 tax brackets later, the lowest tax bracket from 22.2% to 20%. It was the middle tax brackets that saw the largest decline. You can see from the chart that this tax cut did have the desired effect, only 2.9% growth in the next 5 years. 

“I seldom make the mistake of arguing with people for whose opinions I have no respect.” Edward Gibbon
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2 years ago  ::  May 20, 2012 - 11:15PM #20
MMarcoe
Posts: 15,774

May 20, 2012 -- 9:05AM, Kwinters wrote:


Cutting taxes for the rich and rolling back regulations - the faith-based economic model of the GOP - will do nothing to increase consumption in the middle class.





Well, there are a lot of regulations out there that are just plain bad. I have an employer who has been harassed by the state DNR over idiotic regulations that have nothing to do with her business, but the bureaucracy insists on enforcing them anyway.


There's room for removing a lot of the regulations on the books.

There are three sides to every story: your side, my side, and the truth.

God is just a personification of reality, of pure objectivity.
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