Republicans’ No-Tax Stand Unsupported by History or Facts by m52nickerson

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Republicans’ No-Tax Stand Unsupported by History or Facts

POSTED BY: M52NICKERSON
UPDATED: Wednesday, August 10, 2011 11:53
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Wednesday, August 10, 2011 3:01 AM

DALEK!

http://www.bloomberg.com/news/2011-08-10/republicans-no-tax-stand-unsu
pported-by-history-or-facts-view.html

A little piece pointing out the claims by some are not supported by facts. Such as "increasing taxes will kill economic growth." Reagan had the largest peacetime tax increas in US history, a booming economy followed, along with his re-election.

How about "Higher taxes are job killers." Clinton rasied taxes saw the economy create 23 million jobs. Bush cut taxes and only 8 million new jobs were created afterwords.

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Wednesday, August 10, 2011 3:49 AM

SIGNYM

I believe in solving problems, not sharing them.

Nick, the problem is that those who pay the slightest attention to reality already understand that point, and the remainder are too delusional to realize that they're off in la-la-land. But thanks for bringing facts to the table.

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Wednesday, August 10, 2011 4:14 AM

M52NICKERSON

DALEK!

I know. I'm hoping that if you keep hitting them with fact sooner later they will get it.

AKA the Cluebat method,

I do not fear God, I fear the ignorance of man.

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Wednesday, August 10, 2011 4:15 AM

BYTEMITE

Well, it's an argument about different economic systems and how they're applied under different circumstances. Certainly there's been times when Keynesian economics has been the right choice for a situation, though I don't know if it's always right. Probably no nation should only use one strategy all the time. Be kinda like always throwing scissors against rock.

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Wednesday, August 10, 2011 4:34 AM

M52NICKERSON

DALEK!

I agree, managing and economy is more like conducting an orchestra and less like leading a marching band.

I do not fear God, I fear the ignorance of man.

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Wednesday, August 10, 2011 5:26 AM

NIKI2

Gettin' old, but still a hippie at heart...

Well, partisan as hell here, but I can't resist. One way would be

But actually, knowledge aside, it's more like

anyway.

Hippie Operative Nikovich Nikita Nicovna Talibani,
Contracted Agent of Veritas Oilspillus, code name “Nike”,
signing off

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Wednesday, August 10, 2011 5:52 AM

FREMDFIRMA

Quote:
Originally posted by m52nickerson:
I know. I'm hoping that if you keep hitting them with fact sooner later they will get it.

AKA the Cluebat method,

All hail the mighty clue-by-four, while not often effective in the educational sense, by golly it does feel pretty damn good to hit people with!

-Frem

I do not serve the Blind God.

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Wednesday, August 10, 2011 6:50 AM

KWICKO

"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)

Yes, indeed!

Oh, and Nick? I'm so stealing that pic! :)

"Although it is not true that all conservatives are stupid people, it is true that most stupid people are conservatives." - John Stuart Mill

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Wednesday, August 10, 2011 9:09 AM

M52NICKERSON

DALEK!

Not mine, so go for it!

I do not fear God, I fear the ignorance of man.

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Wednesday, August 10, 2011 10:04 AM

KIRKULES

Quote:
Originally posted by m52nickerson:
Reagan had the largest peacetime tax increas in US history, a booming economy followed, along with his re-election.

The Reagan example is a bad one for many reasons but I think the most significant is the different reaction of the FED under Paul Volcker at the time. Instead of cutting interest rates to zero he actually raised rates resulting in a political backlash that no one seems able to stomach today.
I personally would probably support tax increases that were a part of comprehensive tax reform. Its just pointless at this time to raise taxes until we get our fiscal house in order. Giving more money to a drug addict because they're staving to death will only result in their quicker demise.

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Wednesday, August 10, 2011 10:18 AM

M52NICKERSON

DALEK!

Raising taxes would be part of getting our fiscal house in order. Your not going to be able to do it with just spending cuts.

I do not fear God, I fear the ignorance of man.

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Wednesday, August 10, 2011 11:53 AM

STORYMARK

Quote:
Originally posted by Kirkules:
Quote:
Originally posted by m52nickerson:
Reagan had the largest peacetime tax increas in US history, a booming economy followed, along with his re-election.

The Reagan example is a bad one for many reasons but I think the most significant is the different reaction of the FED under Paul Volcker at the time. Instead of cutting interest rates to zero he actually raised rates resulting in a political backlash that no one seems able to stomach today.
I personally would probably support tax increases that were a part of comprehensive tax reform. Its just pointless at this time to raise taxes until we get our fiscal house in order. Giving more money to a drug addict because they're staving to death will only result in their quicker demise.

Nice - history - bad comparison. Tortured drug metaphor - good one.

"I thoroughly disapprove of duels. If a man should challenge me, I would take him kindly and forgivingly by the hand and lead him to a quiet place and kill him."

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