Well, there you go. More proof that higher taxes results in a decrease in growth, affects new business start-ups and population relocation. So, next time a lefty tells you that taxes need to be raised, ask them why they hate new businesses and jobs. This Nationwide Study Challenges Everything Liberals Have Told You About Raising Taxes
The libs love to attribute the boom in the 1990's to Clinton hiking taxes. Nothing could be further from the truth.
Yeah, the internet bubble helped out a lot. We're more than a little unfortunate that a Democrat was President during that invention, it skewed an entire generation's understanding of economics.
The real reason for the boom in the 1990's was the Computerization of American Business. IBM Selectric Typewriters, desktop calculators and hand written ledgers gave way to Desktop PC's, MS Office productivity software, LAN's and WAN's. Companies either computerized or died.
Oh yes, Kansas is another (in a long sad line) huge modern success story for the implementaion of voodoo economics. Zombie economic theory. The Laugher Curve.
We certainly learned about treason and infidelity however. Clinton allowed our tech to fall into Chinese hands for campaign money and he singlehandedly destroyed the morality of the presidency by lying about an affair and allowing his liberal friends to downplay the affair he had in office forever damaging the moral leadership of the presidency dragging the country through the mud for years instead of admitting the truth. Yes other presidents had affairs but none were so callous, arrogant and self righteous that they would project morality and honesty were immaterial to the office of the presidency and instead put their own ego ahead of the truth and the moral leadership the president used to portray. It did categorically prove that liberals will put politics above morality at any time.
That's because Kansas didn't implement the Wisconsin model; cut taxes and slash bloated public sector unions. Kansas only cut taxes without slashing bloated public sector unions.
If America would cut corporate taxes to what Ireland has, our nation would thrive, just like Ireland does. Funny how the truth is so harmful to a liberal loon psyche
It didn't seem to be much of an issue when we had massive budget surpluses at our disposal. In any case, that study is merely about the capital effect of capitalism in regard to the bottom line. Socialism strives to be more than that.
It is a little more complicated than is being expressed here. For example the two party system itself has created such chaos, so nothing works the way it is supposed to on the surface, but if you get past all mindless bickering, look past the ideological polarity, and the manipulated distractions, and look back at the 40 year orchestrated effort to kill main street, small business, and the middle/working class from within, the effort that was designed to bring this nation to its knees is doing everything it is supposed to be doing, it doesn't seem near as complicated. http://www.joshuakennon.com/the-laffer-curve-for-beginners/ In 2010, you could see a significant, most disturbing fact about the Bush tax cuts. Irresponsible spending and two wars, one a totally unnecessary government romp in fleecing the government kitty, and one necessary but drawn out to a point of ridiculous inefficiency drained the country to it's core. Now look at the Obama administrations weak attempt at lowering payroll taxes on the middle/working class so that the new found cash flow would find its way into the pockets of companies owned by the upper middle class and the wealthy, so that more money was surging into the economy, creating more tax receipts that would/could be obtained by the government. Giving nearly every American more cash from their paycheck is going to have a much bigger influence on that metric than giving billionaires more money to park in treasury bills and offshore accounts. SO, Or did they do it to protect the party's interest? Cuz when you actually sit back and look at the results the super rich are doing just fine no matter what their two parties do. ...and yes I said weak attempt by the Obama administration because this is something that should have been done immediately after entering office, but instead all his attention was directed at a corporate welfare program known as the ACA. Why did he wait until republicans were positioned better to toss a monkey in the wrench? WHY didn't he fight for it harder? Because maybe that was the plan all along since it has brought so much prosperity and financial divide between the uber rich and everybody else? Neither party gives two squats about the people of this country, or the economy unless it is to manipulate it and monopolize it for the too large to fail crowd, and the preferential selective few that make up the uber rich/elites. AKA their bosses. Controlling spending and lowering payroll taxes would have brought much more prosperity to the country as a whole than anything else, if it had been implemented immediately after democrats assumed power. But democrats leadership are not who they appear to be, and republicans clearly could give two squats for the poor working/middle class. The two corporate owned parties and the best government corporate money can buy "IS" the problem, and everything else is just a diversionary tactic to keep the social ideological infighting going and the best laid plans at keeping the people perpetually distracted. This is nothing more than cronyism capitalism by the great and powerful plutocracy. And all ya'll can do is ague which department of the plutocracy can do their job better for 'we the people' when 'we the people' haven't been a concern for decades now.
I was talking about us being able to do more with our money, not more with less of our money. We grow the economy, not government.
It didn't require tax cuts, but Commerce, well regulated. How many States would have the budget problems they do, if they didn't engage in Prohibition.
