Drop, Add, Double Down: BB&B Edits the 2014 GOP Platform

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Originally Posted by DawgyNWindow

They won't help balance the budget either.

In the normal demagoguery lip flapping, I hear about the "millionaires and billionaires" that need to pay their fair share, and all the simpletons buy into it. In reality, those millionaires and billionaires suddenly become "250 thousandaires".

You can't live your lie forever.

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It won't hurt either. The lie that I see is that the tax cuts for the top 1% help create jobs here in America. Rich folks are going to invest their money world-wide for the highest possible return. It would be far better to have a 90% tax rate of the rich and then given them deductions for capital invested in the USA.

Romney only paid a 14% rate. What rate do you pay?

Give the middle class the tax cut and cut wasteful government spending. The rich don't need any tax cuts since their share of the wealth of America keeps going up. We need to make the middle class wealther to have a better economy.

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Originally Posted by dawg80

Yep! stupid people out-number smart people in the voter populace now. So, if you wish to be elected for a national office, you have to appeal to the stupid people. Like the democraps do now.

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Sorry, but the smart people are voting for the dems. 8 of the 10 richest counties in the USA voted for Obama.

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Originally Posted by saltydawg

It won't hurt either. The lie that I see is that the tax cuts for the top 1% help create jobs here in America. Rich folks are going to invest their money world-wide for the highest possible return. It would be far better to have a 90% tax rate of the rich and then given them deductions for capital invested in the USA.

Romney only paid a 14% rate. What rate do you pay?

Give the middle class the tax cut and cut wasteful government spending. The rich don't need any tax cuts since their share of the wealth of America keeps going up. We need to make the middle class wealther to have a better economy.

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You are looking at it wrong. Tax cuts are not for the retired people like Romney... they are for active businesses. The theory is that if people have more money in their accounts, they will use that to build their business (expand and hire more people). If you are taxing successful people at 90%, they won't have as much money to build their business. They may stay the same at best.... unless there is some kind of boom to their industry.

Democrats look at economics like there is a set amount of money in circulation and it is their job to distribute it evenly among the different classes of people. Republicans see an unlimited amount of money that is out there for the taking and you get it by coming up with good ideas, starting a business, taking risks, and general hard work. Democrats say that isn't fair.

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Originally Posted by T1

You are looking at it wrong. Tax cuts are not for the retired people like Romney... they are for active businesses. The theory is that if people have more money in their accounts, they will use that to build their business (expand and hire more people). If you are taxing successful people at 90%, they won't have as much money to build their business. They may stay the same at best.... unless there is some kind of boom to their industry.

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American corporations currently have way more than a trillion $ in excess liquid assets on their balance sheets -- more than at any time in the past 50 years + -- and they aren't rolling out the carpet for new hires.

B.S. on the voodoo economics.

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Originally Posted by nadB

American corporations currently have way more than a trillion $ in excess liquid assets on their balance sheets -- more than at any time in the past 50 years + -- and they aren't rolling out the carpet for new hires.

B.S. on the voodoo economics.

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I haven't heard that. Do you have a link?

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Originally Posted by T1

I haven't heard that. Do you have a link?

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http://blogs.reuters.com/david-cay-johnston/2012/07/16/idle-corporate-cash-piles-up/

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Originally Posted by nadB

http://blogs.reuters.com/david-cay-johnston/2012/07/16/idle-corporate-cash-piles-up/

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Sheesh. That means businesses are not expecting a turnaround any time soon. They don't need money (tax breaks) they are just bracing for the double dip.

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Originally Posted by nadB

American corporations currently have way more than a trillion $ in excess liquid assets on their balance sheets -- more than at any time in the past 50 years + -- and they aren't rolling out the carpet for new hires.

B.S. on the voodoo economics.

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I wouldn't be hiring right now either. Too many regulations dictating what I can do, and too many government mandates on what I must provide my employees.

Too much uncertainty to plan for the future.

It's more than just money. Smart businesses are waiting and seeing right now. Can't build a factory and hire workers, then have the NLRB come in and tell you you had to hire union workers.

I suspect much of that cash will eventually be used to hire workers overseas where the government is more friendly.

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Originally Posted by saltydawg

Romney only paid a 14% rate. What rate do you pay?

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He paid that rate only for the two years he released tax returns. He paid 0% for twelve straight years before that. :shocked2:

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Originally Posted by Woof!

He paid that rate only for the two years he released tax returns. He paid 0% for twelve straight years before that. :shocked2:

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But 40% to charity, which are better organizations for the needy than the government. :shocked2:

Mitt and the rest of the repugs look like fools for advocating for tax cuts for the highest income recipients, given their tax rates are about as low right now as they have ever been since way before WWII.

http://upload.wikimedia.org/wikipedi..._tax_rates.png

Not when you consider revenue is needed due to vast spending programs (by both parties):

http://4.bp.blogspot.com/-n70Q9jL-zk...0/taxrates.jpg
Tax rates don't really matter... what we need is economic growth. With economic growth, revenues will increase regardless of what the tax rate is.

The most revenue the federal government ever collected was in 2007... after the Bush tax cuts.

“I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money.” ― Thomas Sowell

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Originally Posted by T1

..With economic growth, revenues will increase regardless of what the tax rate is.

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:rolleyes: More voodoo economics.

If that were true, you could supposedly maximize tax revenue by having a zero tax rate. Don't forget the Laffler Curve is a curve.