Why tax cuts don't create business growth.

Discussion in 'Political Opinions & Beliefs' started by ImNotOliver, Jan 1, 2018.

  1. ImNotOliver

    ImNotOliver Well-Known Member

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    Reagan's tax cuts came in 1986. The stock market crashed in 1987.
     
  2. Texas Republican

    Texas Republican Well-Known Member

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    Raising taxes and taking money from businesses will definitely spur them to expand and hire.

    Liberal logic.
     
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  3. navigator2

    navigator2 Well-Known Member

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    That's old troll news, and a fat lie to boot (on Buffet's part) . I suppose he could pay his secretary 200k a year, but Buffet is certainly pushing the upper limit of 39% in spite of capital gains tax savings.
    He's a hypocrite, plain and simple. His business practices and failure to pay duly owed corporate taxes prove it.
     
  4. Matt84

    Matt84 Well-Known Member

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    And yet it happened under Clinton and Obama. ................
     
  5. Texas Republican

    Texas Republican Well-Known Member

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    Raising taxes (taking away the Bush tax cuts) created the slowest and weakest recovery in American history. The recovery would have been stronger if the government hadn't siphoned so much money out of the economy.
     
  6. Matt84

    Matt84 Well-Known Member

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    The recovery may have not even happened...........

    Recessions, deficits, wars, they happen when Republicans control government.
     
  7. Sanskrit

    Sanskrit Well-Known Member

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    First statement is inaccurate. The 80s tax reforms began with ERTA in 1981. You are correct that the stock market crashed in 1987. Tax policy, though, had nothing to do with that. I was a stockbroker at the time, with the largest brokerage firm in the country, and could educate you with respect to the causes of the 1987 crash, but it wouldn't do a bit of good.

    As far as your "business" is concerned, you omitted the -only- piece of information I cared about, who are your customers? NM now it doesn't matter. That you hedge by claiming you create "art things" instead of simply stating, "I'm an artist" tells me all I need to know. Would wager in Vegas that my initial estimation, "government contractor" is correct. Have seen lots of government funds spent on "art things" adorning lots of government buildings and premises. Explains your politics and lack of understanding/awareness of the private sector well enough.
     
  8. ImNotOliver

    ImNotOliver Well-Known Member

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    There you go again, trying to force your delusions.

    My primary customer base are well to do people. Some of my work is in the lobbies of corporate headquarters.
     
    Last edited: Jan 20, 2018
  9. ImNotOliver

    ImNotOliver Well-Known Member

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    The last tax code was Lil' Bush's tax code. La Trump's tax code is just more of the same
     
  10. garyd

    garyd Well-Known Member

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    Talking about Obama's tax surcharge on the wealthy which walked substantial mney out of the country.
     
  11. garyd

    garyd Well-Known Member

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    NOe Reagan's tax cuts came in '82. Tere were no real cuts in '86, just a couple of soak the rich schemes that destroyed one whole finanacial sector and came close to destroying the New England pleasure craft business.
     
  12. ImNotOliver

    ImNotOliver Well-Known Member

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    Wealth disparities began under Reagan and excelerated under Bush. The accumulated wealth was leaving the country in the eighties.

    The reason you are now an underemployed worker is because the wealthy you so defend found they could get Chinese workers to do your job for a lot less.
     
  13. ImNotOliver

    ImNotOliver Well-Known Member

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    Soak the rich schemes in the Reagan/Bush era?
     
  14. garyd

    garyd Well-Known Member

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    The highest wealth disparities we ever had were in the roaring twenties.

    Wealth began leaving the country in the late eighties after Those two particularly bone headed soak the rich schemes previously mentioned. Part of the 1986 tax package was the luxury boat tax, which sent wanna be yacht owners to other countries to by yachts, and far and away the worst was the removal of the interest deductions for second homes which destroyed the Savings and loan industry which held a large chunk of such loans. These two soak the rich attempts cost the government far more money than they ever earned it.
     

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