








Comments     Threshold


RE: Rotten ecomomy?
By FITCamaro on 2/21/2008 3:53:09 PM , Rating: 0

Hence why I don't vote Democrat.

RE: Rotten ecomomy?
By themadmilkman on 2/21/08, Rating: 0
RE: Rotten ecomomy?
By clovell on 2/21/2008 4:52:49 PM , Rating: 2
It's actually a fairly well-studied and proven economic theory that tax breaks don't negatively impact tax revenues.

RE: Rotten ecomomy?
By Ringold on 2/21/2008 7:05:55 PM , Rating: 2
To add to that, Google and take a gander at the capital gains tax revenues from the 80s; you'll see steady increases until 1986, when it is learned in the last 3 months of the year that 1987 will see a significantly higher rate. Investors scramble to take all the capital gains they possibly can that year, and then tax revenue collapses, not to return to 1985 levels until 1995. The tax hike lowered revenue.

It's a thing of beauty.

RE: Rotten ecomomy?
By NarcoticHobo on 2/22/2008 12:53:24 AM , Rating: 3
Actually that is referred to as the Laffer curve, something heavily ingrained in supply side economics. Far from being a well-studied and "proven" economic theory it is actually the most controversial theory in all of modern economics.

While there have been documented cases of revenue not decreasing due to tax breaks, there are plenty of documented cases showing the opposite as well.

Just be careful what we are throwing around as facts.

RE: Rotten ecomomy?
By clovell on 2/22/2008 11:09:01 AM , Rating: 2
I was driving more at the 'prime the pump' philosophy than I was at the Laffer curve - which essentially is an illustration that tax rates reach a point of diminishing returns.

RE: Rotten ecomomy?
By Ringold on 2/22/2008 11:13:32 AM , Rating: 2
Of course if you raise tax rates then often enough tax revenue will increase.

However, that's extremely myopic, dealing only in the short term. There's less debate than you let on that higher tax rates lower growth, leading over time to lower tax revenues than the government would have otherwise (within an applicable range of tax rates) -- and, of course, less overall prosperity for the nations economy.

Feel free to google the "Irish miracle." Reaganomics + good oversight (renewed focus on education, for example) took one of the worst economies in Europe and completely turned it around.

RE: Rotten ecomomy?
By Samus on 2/23/2008 8:21:39 AM , Rating: 2
No matter who you vote for, we are still a democracy, FIT. He isn't talking about a party, he's talking about the system. Democratic systems run by democrats or republicans have the same key flaws previously stated.

RE: Rotten ecomomy?
By BansheeX on 2/24/2008 1:43:43 AM , Rating: 2
We are not a democracy, we are a REPUBLIC. What your dumbfck politicians and media chirp to you all day doesn't change this. This has nothing to do with what the party terms democrat and republican have come to define, hence the confusion. Democracy is mob rule while a republic enforces a constitution to protect individual rights from the tyranny of the majority. I suggest you google democracy vs republic and figure this out.


