In response to:

About That Fiscal Cliff

w-smith-84 Wrote: Nov 21, 2012 4:12 PM
Krugman called for "50% on $300K 60% on $400K 70% on 500K 90%on $600 and up"? I must have missed that "news cycle". OR - Joseph1819 is a LIAR. My money's on Joseph... So, Joseph, increasing the top bracket from 35% to 39.6% will do exactly WHAT to the economy? If only there was some historical precedent I could look to to see how badly this INSANE TAX HIKE will destroy the economy... Wait! Perhaps... there is! Strange, it doesn't seem like it was that bad.
Mark1369 Wrote: Nov 21, 2012 9:40 PM
You want to overlook the tech.com that was just a speculation and not creating jobs but transferring wealth from people to the tech companies. You also want to ignore the increase in federal revenue with the tax cuts in 2003. Now I am not saying the increase in taxes will be terrible but the numbers say that federal money will decline. One of the reasons the economy was booming was a false bubble in 1990s which is why unemployment wasn't as low as in the 2000s because the buble didn't create jobs.
SMyles Wrote: Nov 21, 2012 6:58 PM
Oh and come on please. There are plenty of facts and figures via Mises. But then again, eye of the beholder, so I rest my case.
SMyles Wrote: Nov 21, 2012 6:57 PM
I'd have one with ya if I could w-smith and even toast to individual liberty. lol I have friends that I love that agree with you w. Good honest people which is all I ask. So, nothing personal, I work on them too. :)
w-smith-84 Wrote: Nov 21, 2012 6:35 PM
"There is you just weren't taught were to look."

All those facts and figures? Forget about them. Go to my favorite libertarian ideology web site and learn about "real" economics.

I think I'll have a beer instead.

SMyles Wrote: Nov 21, 2012 5:11 PM
"If only there was some historical precedent" There is you just weren't taught were to look. Go to Mises.org and check it out.

Additionally, these are unprecedented times in terms of the debt and the duration of virtually 0 interest rates. It's like good ole Ben is chewing his favorite bubble gum trying to blow the biggest bubble to date. Just a little more, a little more.....
w-smith-84 Wrote: Nov 21, 2012 5:10 PM
PS, Corbett, it's not a matter of lefty opinion, it's EMPIRICAL (that means that you can look it up).

Take a look...

...Not that you would, it doesn't fit in with your ideological world-view. And you'd probably lie about it anyway.



w-smith-84 Wrote: Nov 21, 2012 5:05 PM
No, Corbett, Smith is one of those "idiots" who actually REMEMBERS the strongest decade of growth in the 20th century during the 90's when the top tax bracket was, in fact, 39.6%.

You are a victim of right-wing propaganda and a feeble intellect.

So, Corbett, just how will the country's highest earners behave differently when their taxes increase by 4.6%?

Use small words, remember, I'm an idiot.



w-smith-84 Wrote: Nov 21, 2012 4:59 PM
"The point is that most people paying that 39.6% will opt to... work less"

You are drinking right-wing kool-aid, OFF. Surely, you don't believe what you wrote.

"BTW, if I owned a business, and my taxes were increased by 5%, you can bet I'd increase my wages to compensate for my loss. So the products you'd buy from me, would increase in price."

Would you? You obviously don't own one AND you obviously don't understand the "FREE MARKET" you kooks claim to have so much faith in.

What are you, 14?

Corbett_ Wrote: Nov 21, 2012 4:27 PM
One:

Smith is one of those idiots who think people will not change their behavior based on tax rates.
OneForFreedom Wrote: Nov 21, 2012 4:19 PM
The point is that most people paying that 39.6% will opt to either work less, so as to avoid the higher rate, or have more of their compensation in the form of stocks. Revenue will increase, for perhaps a year, at which point those who can will modify their tax strategies. Then revenue will go back down, people will complain it's all the fault of the rich, etc.

BTW, if I owned a business, and my taxes were increased by 5%, you can bet I'd increase my wages to compensate for my loss. So the products you'd buy from me, would increase in price.
Yikes, we're headed toward a fiscal cliff! It will crush the economy! Or so the media and politicians tell us.

The "cliff" is a series of tax increases and budget cuts that automatically go into effect Jan. 1 unless Congress acts.

Will Congress act?

It will! I see the future: The politicians will meet and fret and hold press conferences and predict disaster. Then they'll reach a deal.

It will just postpone the reckoning, but they'll congratulate themselves, and the media will move on.

America, however, continues to go broke.

"They're not going to admit that we're bankrupt, and they won't...