Off-Topic: Economics Lesson
(Bear Creek Reservoir Specific)
9 messages
Updated 11/3/2023 6:12:58 AM
Lakes Online Forum
83,623 messages
Updated 5/13/2024 10:35:33 PM
Lakes Online Forum
5,193 messages
Updated 4/3/2024 3:47:36 AM
(Bear Creek Reservoir Specific)
0 messages
Updated
Lakes Online Forum
4,169 messages
Updated 4/15/2024 11:05:05 PM
Lakes Online Forum
4,260 messages
Updated 3/24/2024 9:24:45 AM
Lakes Online Forum
2,976 messages
Updated 3/20/2024 11:53:43 PM
Lakes Online Forum
98 messages
Updated 4/15/2024 1:00:58 AM
|
|
|
|
Name:
|
MartiniMan
- 
|
|
Subject:
|
Economics Lesson
|
|
Date:
|
10/8/2008 9:26:54 PM
|
|
You wrote, "Republicans continue to push lower taxes for the rich. This will bring new jobs and trickle down economic well being for the masses."
How many jobs are created each year by the poor? NONE. I know it is appealing to use class envy to redistribute wealth, and that is a sure fire way to buy votes. But the fact is the alleged wealthy create jobs for the middle class. In fact, the wealthy created the middle class. My froend, it is a hard truth but the fact is government creates nothing! Government is that fiction by which everyone lives at the expense of everyone else (Bastiat). If you look at job and wealth creation since the Reagan Revolution of lowering taxes you will see that it is true. I also refer you to a quote by John F. Kennedy where he stated the essential truth that lower taxes spurs economic activity. I can't for the life of me understand how otherwise intelligent people such as yourself refuse to learn from history. It is sad and perplexing.
You wrote, "The market has lost #2trillion dollars in market value. Middle class jobs are outsourced overseas but they keep saying trickle down works."
The market has indeed lost a lot of value. But that loss of value was caused by a crisis in confidence resulting from the failure of sub-prime mortgages that were created by the market distortions of Fannie Mae and Freddie Mac. Those distortions were directed by Democrats and their willing accomplice RINOs in Congress. Barney Frank continues to support that discredited approach even today. But I would ask you, where in the world do you think the market value comes from in the first place? It comes from allegedly "greedy" corporations and the wealthy creating goods and services and the jobs that come with the goods and services. Are you really so blind a partisan that you cannot admit that undeniable, absolute truth?!?!? As Dick Armey so aptly put it, Democrats love jobs but they hate the businesses that create them. It is just intellectually bankrupt.
And jobs are sent overseas because the U.S has the second highest corporate tax rate in the world!! At 35% it is an outrage and I can't blame one business for moving overseas because why should they stay here and give such a huge percentage of their profits to the government in the form of taxes. Not to mention the fact that corporations don't really pay taxes anyway. All taxes are paid by you and me in the form of the cost for the goods and services we purchase. If you want the trillions of dollars of cash that is being hidden overseas to come back, if you want jobs to return here in droves, then vote for a candidate that will lower taxes on businesses and the wealthy, reduce government interference and reduce the size of government. And that is not Obama/Biden. It is only McCain/Palin in terms of degree but they are wildly preferable to the tax and spend policies we will get with Obama/Pelosi/Reid.
|
|
Reply
Back
Search
Off-Topic Forum
»
Alabama Lakes
»
Bear Creek Reservoir
Login
|
Home
