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A Q for the Wealth Creators
AZDuck
Member Posts: 15,381
in Tug Tavern
Do you really believe you tax cuts create economic growth? Because the economics and reality seem to disagree:
http://www.nytimes.com/2014/07/14/opinion/kansas-ruinous-tax-cuts.html?
http://www.nytimes.com/2014/07/14/opinion/kansas-ruinous-tax-cuts.html?
The 2012 cuts were among the largest ever enacted by a state, reducing the top tax bracket by 25 percent and eliminating all taxes on business profits that are reported on individual income returns. (No other state has ever eliminated all taxes on these pass-through businesses.) The cuts were arrogantly promoted by Mr. Brownback with the same disproven theory that Republicans have employed for decades: There will be no loss of revenue because of all the economic growth!
“Our new pro-growth tax policy will be like a shot of adrenaline into the heart of the Kansas economy,” he wrote in 2012. “It will pave the way to the creation of tens of thousands of new jobs, bring tens of thousands of people to Kansas, and help make our state the best place in America to start and grow a small business.”
But the growth didn’t show up. Kansas, in fact, was one of only five states to lose employment over the last six months, while the rest of the country was improving. It has been below the national average in job gains for the three and half years Mr. Brownback has been in office. Average earnings in the state are down since 2012, and so is net growth in the number of registered businesses.
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The New York Times editorial comes from an assumption that the needs of the state government come before the individual. Personally, I have a different assumption, that increasing the right of individuals to keep more of their money, or property, is always positive and is in itself a moral good. Two different value systems.
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Leaving aside the deontological value of the value system you describe, in the real world Kansas is starving its state universities and primary education system. Education is the primary mode of social mobility. So poor and working class Kansan children are losing their opportunity to climb the social ladder.
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Moody's >>>>>>> The New American
Oh, and this seems to contradict the New American as well:MikeDamone said:
http://www.kansascity.com/opinion/editorials/article635575.htmlWhile that’s a small sum, Kansas was one of only five states in the nation to shed employment over that time.
All of Kansas’ neighbors have done far better since November, led by Colorado (up 41,000 jobs), Missouri (up 15,400) and Oklahoma (up 13,800). -
The problem is decades of expansion and misplaced priorities. If public education is a primary function of state government, the money is there to fund it. Funding is being sucked away by a myriad of agencies and programs that no one remembers establishing but no one is willing to let go. It's the same as going from a $200k/year job to a $100k/job. You probably still have enough money for your mortgage. It's the financed pair of jet skis, 3 car payments, a timeshare, and golf club membership that is dragging you down.AZDuck said:Leaving aside the deontological value of the value system you describe, in the real world Kansas is starving its state universities and primary education system. Education is the primary mode of social mobility. So poor and working class Kansan children are losing their opportunity to climb the social ladder.
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Grundle, I know we disagree on this, but I'm of the belief that more money sloshing around in the economy is good for everyone. Even paying useless fucks like me a government salary is good because I spend most of it and the money continues to slosh around the economy - paying other useless fucks at the liquor stores and massage parlors.
Spending goes down as income rises, and Laffer has been disproven. Also, the structures established by government are notoriously difficult to dismantle - part of the reason why every tax-cutting Republican administration has left ruinous deficits in their wake at the national level, and Brownback is about to crash Kansas into the fucking mountain. -
GrundleStiltzkin said:
The problem is decades of expansion and misplaced priorities. If public education is a primary function of state government, the money is there to fund it. Funding is being sucked away by a myriad of agencies and programs that no one remembers establishing but no one is willing to let go. It's the same as going from a $200k/year job to a $100k/job. You probably still have enough money for your mortgage. It's theAZDuck said:Leaving aside the deontological value of the value system you describe, in the real world Kansas is starving its state universities and primary education system. Education is the primary mode of social mobility. So poor and working class Kansan children are losing their opportunity to climb the social ladder.
financed pair of jet skis, 3 car payments, a timeshare, and golf club membershiphookers and blow that is dragging you down. -
I'm telling you, hookers and blow are good for the overall economy. But then again, I'm a Keynesian.
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Expect to hear a lot about Kansas in the coming months leading up to November, what a fucking dreckfest.
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Couple poonts.AZDuck said:Leaving aside the deontological value of the value system you describe, in the real world Kansas is starving its state universities and primary education system. Education is the primary mode of social mobility. So poor and working class Kansan children are losing their opportunity to climb the social ladder.
1) What the fuck is deontoligical? Is it an STD? A dinosaur?
2) The lottery is the primary mode of social mobility.
Glad I cleared that up.
