This is neither Capitalism or Democracy

[Caribbean Hen]

No, I don’t have any respect for anyone that’s crying all the time about the Rich getting richer…. Just dumb

If you have a problem with the rich, go out and enrich yourself

What’s dumb is an economy that requires the rich get theirs regardless. Those type of systems eventually crumble.

I don’t respect anyone that’s constantly crying about the poor, POC’s, immigrants, LGBTQ, women, and big bad liberals in support of the rich.

For a Sowell fan, you seem to be lacking in economic and philosophical sense.

Oh wait…never mind. That’s exactly who idolizes Sowell.

You wanna steal more of what’s not yours… what a greedy person you are

Truth pours out of Thomas Sowell and apparently that terrifies you

Raising taxes on the rich and naïvely believing that tax revenues will go up shows you either know nothing about history or just plain old refuse to accept the truth

Educate yourself

https://www.aei.org/carpe-diem/thomas-s ... -revenues/

[kalm]

What’s dumb is an economy that requires the rich get theirs regardless. Those type of systems eventually crumble.

I don’t respect anyone that’s constantly crying about the poor, POC’s, immigrants, LGBTQ, women, and big bad liberals in support of the rich.

For a Sowell fan, you seem to be lacking in economic and philosophical sense.

Oh wait…never mind. That’s exactly who idolizes Sowell.

You wanna steal more of what’s not yours… what a greedy person you are

Truth pours out of Thomas Sowell and apparently that terrifies you

Raising taxes on the rich and naïvely believing that tax revenues will go up shows you either know nothing about history or just plain old refuse to accept the truth

Educate yourself

https://www.aei.org/carpe-diem/thomas-s ... -revenues/

I have 40 years of Reaganomics/neo-liberalism that destroys your myths. Corporate and high end tax cuts, deregulation, flat wages, exploding debt.

Read someone other than Sowell and look at basic statistics.

[Caribbean Hen]

You wanna steal more of what’s not yours… what a greedy person you are

Truth pours out of Thomas Sowell and apparently that terrifies you

Raising taxes on the rich and naïvely believing that tax revenues will go up shows you either know nothing about history or just plain old refuse to accept the truth

Educate yourself

https://www.aei.org/carpe-diem/thomas-s ... -revenues/

I have 40 years of Reaganomics/neo-liberalism that destroys your myths. Corporate and high end tax cuts, deregulation, flat wages, exploding debt.

Read someone other than Sowell and look at basic statistics.

So what

You still get it wrong

[kalm]

I have 40 years of Reaganomics/neo-liberalism that destroys your myths. Corporate and high end tax cuts, deregulation, flat wages, exploding debt.

Read someone other than Sowell and look at basic statistics.

So what

You still get it wrong

Highly intellectual comeback.

No! You are!

[Caribbean Hen]

So what

You still get it wrong

Highly intellectual comeback.

No! You are!

So you wont admit that raising taxes doesn’t always raise revenue

[kalm]

Highly intellectual comeback.

No! You are!

So you wont admit that raising taxes doesn’t always raise revenue

I suppose it can if net profits go down. But we have a long track record of mounting debt coinciding with significant tax cuts as well as a history of growth during high tax eras. Those high tax times also produced the strongest middle class in the history of the world.

[BDKJMU]

So you wont admit that raising taxes doesn’t always raise revenue

I suppose it can if net profits go down. But we have a long track record of mounting debt coinciding with significant tax cuts as well as a history of growth during high tax eras. Those high tax times also produced the strongest middle class in the history of the world.

That had all those giant loopholes so no one was paying the highest rates?

[kalm]

I suppose it can if net profits go down. But we have a long track record of mounting debt coinciding with significant tax cuts as well as a history of growth during high tax eras. Those high tax times also produced the strongest middle class in the history of the world.

That had all those giant loopholes so no one was paying the highest rates?

True. Tax loopholes have been a constant throughout history. The nature of the loophole matters. If it rewards re-investment in the company (capital improvements, equipment, etc) it at least supports economic growth.

[Caribbean Hen]

That had all those giant loopholes so no one was paying the highest rates?

True. Tax loopholes have been a constant throughout history. The nature of the loophole matters. If it rewards re-investment in the company (capital improvements, equipment, etc) it at least supports economic growth.

From the article linked above that Klam ignored

MP: Perhaps a useful way to think of the relationship between tax rates and tax revenues is captured in this formula:

“Tax Rate (%) x Tax Base (Activity Taxed) = Tax Revenue ($)
We know with certainty that a decrease in the Tax Rate (%) will increase the Tax Base (and vice-versa), because of the incentive/disincentive effects of taxes summarized in the common saying that “If you tax something, you get less of it; if you subsidize something (or tax it less) you get more of it.” The only uncertainty is how much the Tax Base changes in response to changes in the Tax Rate. In the historical case Sowell used above, the response of the Tax Base to the reductions in the Tax Rate (%) during the 1920s was so large that it resulted in significant increases in Tax Revenues”

[kalm]

True. Tax loopholes have been a constant throughout history. The nature of the loophole matters. If it rewards re-investment in the company (capital improvements, equipment, etc) it at least supports economic growth.

From the article linked above that Klam ignored

MP: Perhaps a useful way to think of the relationship between tax rates and tax revenues is captured in this formula:

“Tax Rate (%) x Tax Base (Activity Taxed) = Tax Revenue ($)
We know with certainty that a decrease in the Tax Rate (%) will increase the Tax Base (and vice-versa), because of the incentive/disincentive effects of taxes summarized in the common saying that “If you tax something, you get less of it; if you subsidize something (or tax it less) you get more of it.” The only uncertainty is how much the Tax Base changes in response to changes in the Tax Rate. In the historical case Sowell used above, the response of the Tax Base to the reductions in the Tax Rate (%) during the 1920s was so large that it resulted in significant increases in Tax Revenues”

Oh good lord. Subsidize is just another form of socialism. Thank you for the chuckle.

And What happened in the late 20’s?

[Baldy]

From the article linked above that Klam ignored

MP: Perhaps a useful way to think of the relationship between tax rates and tax revenues is captured in this formula:

“Tax Rate (%) x Tax Base (Activity Taxed) = Tax Revenue ($)
We know with certainty that a decrease in the Tax Rate (%) will increase the Tax Base (and vice-versa), because of the incentive/disincentive effects of taxes summarized in the common saying that “If you tax something, you get less of it; if you subsidize something (or tax it less) you get more of it.” The only uncertainty is how much the Tax Base changes in response to changes in the Tax Rate. In the historical case Sowell used above, the response of the Tax Base to the reductions in the Tax Rate (%) during the 1920s was so large that it resulted in significant increases in Tax Revenues”

Oh good lord. Subsidize is just another form of socialism. Thank you for the chuckle.

And What happened in the late 20’s?

Decreasing the tax rate on something or someone is a subsidy?