In response to:

The Great Tax Divide

WodenofAzgard Wrote: Sep 19, 2012 2:02 AM
I doubt any serious economist believes tax cuts pay for themselves.
FletchforFreedom Wrote: Sep 19, 2012 9:16 AM
Actually, there is no serious (or competent) economist on the planet who does not know that, at a certain tax rate, tax cuts pay for themselves. The issue is whether or not cuts to taxes at a given level result in higher revenues. The Reagan tax cuts, for example, may have paid for themselves (the average consensus figure is that they did not quite but nearly did so) but the analyses were generally short term and rarely factor in the two decades of economic prosperity that followed (interrupted by the invasion of Kuwait and the Clinton tax increase which was a key factor in his leaving an economy spiraling into recession).
BSsifter Wrote: Sep 19, 2012 4:59 PM
Reagan tax cuts were short term? They lead to growth for 1.5 decades.
Charles SWVA Wrote: Sep 19, 2012 8:38 AM
Woden is actually Loki the joker. Wait till Frigg gets him home.
ronrontaiwan Wrote: Sep 19, 2012 8:35 AM
I don't know you, WodenofAzgard, but your last post makes me think that you wouldn't consider someone a "serious economist" if they didn't concur with your worldview.
Tacitus X Wrote: Sep 19, 2012 6:23 AM
Sure. Zimbabwe and North Korea should just raise tax rates to 99% and tax themselves into prosperity. What could possibly go wrong with a plan to take money away from the productive people who earned it and turn it over to power-hungry politicians and bureaucrats?
same10 Wrote: Sep 19, 2012 12:39 PM
YUP! Let's get to the end of the line. Tax 'em all and let's see where we wind up. But, what will you raise taxes on, the remaining 1%?
We'll all be back to eating horse meat (as long as it lasts).
Do you like N, Korean Stone Soup???
BSsifter Wrote: Sep 19, 2012 4:57 PM
It is really very simple. Middle class and poor people do not hire you to put you to work to make money on your own. Very simple.
Hard Thought Wrote: Sep 19, 2012 2:56 AM
Go check the tax revenues by year at the IRS. Everytime tax rates were cut, tax revenues went up.

Go do the research. Democrat talking points are irrelevant when the facts show differently.

Thomas Sowell has a doctorate in economics and is a serious economic heavyweight, unlike Obama or you.
There was a time when Democrats and Republicans alike could talk sense about tax rates, in terms of what is best for the economy, without demagoguery about "tax cuts for the rich."

Democratic presidents Woodrow Wilson and John F. Kennedy spoke plainly about the fact that higher tax rates on individuals and businesses did not automatically translate into higher tax revenues for the government. Beyond some point, high tax rates on those with high incomes simply led to those incomes being invested in tax-free bonds, with the revenue from those bonds being completely lost to the government -- and the investments lost...

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