You seem to thing there's a 1-to-1 correspondence between a tax cut/increase and economic conditions. There's a multiplier effect, because a surplus raises confidence for investment and hiring and a giant deficit reduces confidence. Confidence means that big investors take their money out of domestic companies and send it overseas to better economies. As for your discussing this with me before, I don't remember that. Are you here often? I probably dismissed you to go outside to play and you thought you were right or something.
Dude stfu I'm not "Republican". Bush is exactly what Obama is now economically, lol dude he believed in those bailouts too. You have no mathematical defense for your ignorance, and you have no idea what taxes are or how they are collected. Do some history about housing and .com bubbles. Your guy is a failure and his economy is worse than Bush's. What a clown Obama is. By the way "obfuscation to obscure" is not a defense genius. A defense is addressing the scientific metrics behind Denny's argument, amateur.
No you're making BS up and it is annoying. Taxes are 20% of GDP at best Denny made it extremely clear. It. Is. Called. History. Look at tax revenue, look at total GDP. Now stop preaching your failed rhetoric.
I'm afraid it's utter nonsense to claim that tax revenues can never go above 20% of GDP. Hauser's Law is an observation about what happened in the relatively recent past, not a limitation on what can happen in the future. Tax relative to GDP is 30% in Australia, 40% in Austria, 47% in Belgium, 39% in Brazil, 32% in Canada, etc. etc. etc. You'd have us believe there is some fundamental economic law regarding 20% of GDP that applies to the USA but not to any of those other countries? No, it's been our policy to keep tax revenue around 20% of GDP. It's not a requirement, it's a choice. barfo
Barfo why do you keep wasting time defending this clown? Btw I voted for Obama in 2008 so you can stop pegging me as one of the witchhunters. Obama is a failure and so have every one of your policies. I'm Afraid America is #1 in total GDP in the world, barfo honestly stop. Barfo you're really obsessed with the dumbest metrics, if all you said is true which doesn't matter btw, America's ratio is always 20% no matter who is President. Since always. Further Canada didn't use your policies to get back its triple A Credit rating. You've failed badly and Europe is sputtering into Debt-GDP ratio hell. This is utter nonsense Jimmy Carter, and every single Democratic president's policies were not to keep tax revenues at "20%". Our marginal tax rates have exceeded 90% in the past.
Great, so you agree. There's nothing magical about 20%. We could raise federal taxes, provide more federal money to the states, lower state taxes, and suddenly your magic 20% is 26%. barfo
Yeah who would have thought, taxing the private sector and small businesses which employ most of America, hurts the economy. To the commies: Allen Iverson and Mario Chalmers aren't rich because they steal money from you, stop bitching about cool rich people that employ and fuel America.
Why on earth would we want to do that? Your USSR crumbled under those kinds of burdens on the people. And we agree you compare apples to oranges.
The federal govt. alone is spending ~$4T on ~300M people, or about $13K per person. If they just wrote every man, woman, child, and baby a check for $13K, we'd be far better off and nobody would be poor. The poorest family of 4 would get $52K, which is more than the median family income now. But in barfo's world, it costs $12.5K to deliver $500 worth of services per person, so let's do more of it!
You seem confused. I didn't mention Obama at all. Again, you seem confused. I wasn't the one who brought up the dumb metric (20% of GDP). No, not since always. In fact in 2009 it was only 15%. My policies? What the hell are you talking about? There's a difference between top marginal tax rates and tax revenues as a percentage of GDP. They do both include a "%" sign, I suppose. barfo
Yeah the government should build more mass transit, and start making government cars. We all know how efficient social security/medicare is, 46 trillion dollars in future promises.
You're a cheerleader. Throughout various subjects whether directly or indirectly. Why is it a dumb metric? Because it destroys your virtual reality world where the government has been investing intelligently and not stealing from the private sector? Nah nigguh I said 20% at best. Read my posts. Click on "barfo", then "View forum posts". What are you going to say now dude? You're screwed. marginal tax rate equals delta t over delta I and the rich get taxed plenty throughout history. You have no idea what argument you want to make, we don't "grow" the economy by getting "revenue" from making the private sector weaker.
You know it is really funny, barfo gives the weakest excuse ever by including rates from other countries, and ignores what actually gets countries out of bankruptcy. And the failing socialist policies of Europe. And the fact that it doesn't disprove your position at all Denny.
Who gives a shit what the title of the thread is? My post addressed a particular issue that other posters had mentioned in the thread. Therefore it was on topic. If you didn't want to talk about tax rates in this thread, you shouldn't have done so. barfo
