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redstaterebel
Joined: 05 Dec 2007
Posts: 128
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 Posted: Sat Feb 02, 2008 3:22 am Post subject: |
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Tax cuts are good across the board.
Poor people - The Bush tax cuts took several million people off the tax rolls completely - and the lowest bracket was reduced from 15% to 10%. This is money in their pockets to buy the necessities - food, housing, heat. tax cuts for the poor is not so much about spurring economic activity, but about helping them get by - simply by letting them keep more of their money.
Blue Collar working america - more money in their paychecks. To pay bills, buy that new car, buy that house. Most of the money gets spent which adds to economic activity - which increases the total revenue brought into the government. This has been proven in the 80s.
Rich people tax breaks - rich people the same way - a lot of it will be spent - on the new boat, house, etc (built by the blue collar guy). Also though - rich people are the employers/ business owners. They can build that new factory, open that new store, advertise more, expand their business which increases jobs (an payroll taxes).
Think of it the other way - raise taxes on the rich or a corporation - what do they do? They cut costs often in terms of jobs. So we may be getting more tax out of the corporation, but the tax revenue from the guy who just got laid off is gone. Is there really a gain there?
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dustin
Joined: 06 Dec 2007
Posts: 13
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| Posted: Sat Feb 02, 2008 9:00 am Post subject: |
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Actually I've never saw it that way, but isn't it true that bush cuts the taxes more for rich people than poor people or the middle class?
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chuq
Joined: 04 Dec 2007
Posts: 135
Location: Gulf South
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| Posted: Thu Feb 14, 2008 12:49 am Post subject: |
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I remember the last tax cut, I had a whoppin' $7.32 extra to piss away, every pay day. Tax cuts do not create jobs! Consumer demand creats them. If the stimulus money is spent on mortgages, credit cards, etc, it will not create jobs.
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redstaterebel
Joined: 05 Dec 2007
Posts: 128
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| Posted: Thu Feb 14, 2008 4:00 am Post subject: |
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Consumer demand is exactly it. But putting more money into people's pockets - disposable income - increases demand. more jobs are next in line.
Chuq makes a good point for tax cuts for the wealthy - they aren't taking their savings to pay a credit card bill - they buy boats, cars, build a house - expand their business etc etc. Jobs, jobs, jobs.
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Kizzume
Site Admin
Joined: 31 Dec 1969
Posts: 2832
Location: Tacoma, WA USA
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| Posted: Thu Feb 14, 2008 4:54 am Post subject: |
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| redstaterebel wrote: | Consumer demand is exactly it. But putting more money into people's pockets - disposable income - increases demand. more jobs are next in line.
Chuq makes a good point for tax cuts for the wealthy - they aren't taking their savings to pay a credit card bill - they buy boats, cars, build a house - expand their business etc etc. Jobs, jobs, jobs. |
Rich people who STAY rich SAVE THEIR MONEY. That's how they get rich. Tax cuts on people who NEED to buy things, not people who WANT to buy things is going to be the best option.
Jobs? No. They outsource jobs to SAVE MONEY. That's not going to create jobs.
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Hackfest
Joined: 04 Dec 2007
Posts: 413
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| Posted: Thu Feb 14, 2008 2:09 pm Post subject: |
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jq, the example you give on inflation is good, but it is also one of the most extreme examples. Food has increased more than anything inflation-wise. If the deal goes down like it's supposed to, I should get $1,500.00. Seems good to me. What I'd rather have to save money though, is UA tests for anyone on welfare. Positive for drugs? You're off the program. Why not? I have to take UAs to earn my money. Why shouldn't the people getting my money for free have to have the same standards?
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jq
Joined: 02 Dec 2007
Posts: 1124
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| Posted: Thu Feb 14, 2008 2:32 pm Post subject: |
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I would definitely agree- and vote for-- that sort of provision.
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Kizzume
Site Admin
Joined: 31 Dec 1969
Posts: 2832
Location: Tacoma, WA USA
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| Posted: Thu Feb 14, 2008 3:54 pm Post subject: |
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I hate the idea of more testing of people, but I have to admit it really makes a lot of sense--I have to support that idea.
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Meow.
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redstaterebel
Joined: 05 Dec 2007
Posts: 128
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| Posted: Sat Feb 16, 2008 3:55 am Post subject: |
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| chuq wrote: | | redstaterebel wrote: | We need a package - tax cuts.
This is a chance for the democrats in congress to finally do something with their majority. |
What part of tax cuts is good for the working majority? |
The working stiff (myself included) will get bigger paychecks. This is the immediate benefit.
Also - if my boss gets a tax cut, the business can keep more money - which the biz could use to get through this tough time -
and we keep our jobs.
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debateman
Joined: 05 Dec 2007
Posts: 349
Location: New Mexico
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| Posted: Sat Feb 16, 2008 6:11 am Post subject: |
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| redstaterebel wrote: | | chuq wrote: | | redstaterebel wrote: | We need a package - tax cuts.
This is a chance for the democrats in congress to finally do something with their majority. |
What part of tax cuts is good for the working majority? |
The working stiff (myself included) will get bigger paychecks. This is the immediate benefit.
Also - if my boss gets a tax cut, the business can keep more money - which the biz could use to get through this tough time -
and we keep our jobs. |
The fundamental truth of capitalist economics. Good job RSR. Taxes are important. Low taxes are bad because we are unable to fund the programs that have become a part of the American experience. High taxes are bad because they discourage entrepreneurship. What we need is a group of moderate democrats to set down with a group of moderate republicans and work diligently on creating a sound tax system. A graduated tax system is a necessary evil. We need to make the burden of taxation reasonable and proportional.
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jq
Joined: 02 Dec 2007
Posts: 1124
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| Posted: Sat Feb 16, 2008 2:41 pm Post subject: |
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| Kizzume wrote: | | I hate the idea of more testing of people, but I have to admit it really makes a lot of sense--I have to support that idea. |
Well, what makes this so much different than other testing is it wouldn't be just anybody minding their own business being spied on by the government. It would be the government saying, "look, we are going to GIVE YOU money. But if we are going to do that, we don't want that money going to drugs."
Sadly, I have been aware of a LOT of people who use their welfare money and get high with it. Imagine, someone who is jobless, gives nothing to society, has all day to screw around and get into mischief, who is using money given to them to help them, to get high.
I'm not necessarily condemning anyone for drug use. I believe some people with certain drugs may be able to use it without abusing it. HOWEVER, I personally don't like the idea of my tax payer dollars supporting the local drug dealer. And there are way too many people in my neighborhood who are vicious people, who are vandalyzing stuff, intimidating people, etc, and they are getting a check from the government to do so.
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Kizzume
Site Admin
Joined: 31 Dec 1969
Posts: 2832
Location: Tacoma, WA USA
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| Posted: Sun Feb 17, 2008 12:35 pm Post subject: |
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| jq wrote: | | Kizzume wrote: | | I hate the idea of more testing of people, but I have to admit it really makes a lot of sense--I have to support that idea. |
Well, what makes this so much different than other testing is it wouldn't be just anybody minding their own business being spied on by the government. It would be the government saying, "look, we are going to GIVE YOU money. But if we are going to do that, we don't want that money going to drugs."
Sadly, I have been aware of a LOT of people who use their welfare money and get high with it. Imagine, someone who is jobless, gives nothing to society, has all day to screw around and get into mischief, who is using money given to them to help them, to get high.
I'm not necessarily condemning anyone for drug use. I believe some people with certain drugs may be able to use it without abusing it. HOWEVER, I personally don't like the idea of my tax payer dollars supporting the local drug dealer. And there are way too many people in my neighborhood who are vicious people, who are vandalyzing stuff, intimidating people, etc, and they are getting a check from the government to do so. |
That is so true. Like I said--I have to admit it really makes a lot of sense.
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Meow.
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