83% of tax cuts to top 1%

2001400ex

MikeDamone said:

2001400ex said:

MikeDamone said:

2001400ex said:

greenblood said:

And it should go to them. The top 1% pay 40% of the country’s taxes. While the bottom 90% pay only 29%. But yeah, let’s give the bottom 90% more breaks. Dumbfuck Hondo at it again.

Did you read the article?

Not to mention your view of macroeconomics is fucked. So I'll break it down for you. If you want to cut taxes cause the government has too much money, then you cut from the wealthy. If you want to cut taxes to spur economic growth and create jobs, you give the tax cuts to the middle class. Where they will take the tax cuts and spend every penny. Spending creates growth.

No, productivity creates growth/wealth.

No. It doesn't. You can build a bunch of shit. But if no one buys it. What happened in the economy? That's where supply side economics fails. Without demand and consumption, there is no economy.

Hey dumb fuck, you can’t buy anything without someone first being productive. You can’t spend a dollar without first being productive enough to generate a dollar. You can’t eat out of your garden without first producing the food. “Spending” doesn’t create growth. Unless you susbscribe to Krugman broken window theory nonsense that a good hurricane is good for the economy.

Consumption and spending always follow production and wealth creation.

If you grow something no one wants, you get nothing for it. Demand drives the economy. That's why supply side economics was shit in the 80s/early 90s and we took off in the late 90s when that shit was gone.

SFGbob

Yeah supply side was shit.

2001400ex

How to lie with statistics.

SFGbob

How to call things that make your Kunt hurt "lies."

2001400ex

SFGbob said:

Yeah supply side was shit.

Here's the problem with using GDP. One, you don't include Clinton and I was specifically referring to Clinton. Two, the top rate was raised to 90% under Eisenhower. And was there with Kennedy. And dropped to 70% until early in Reagan's term. By you using GDP in relation to supply side economics talk, you are saying you think the top rate should be raised over 70% again. I know this will fly over your head, I'll await you fucktarded response.

greenblood

Fire_Marshall_Bill said:

greenblood said:

And it should go to them. The top 1% pay 40% of the country’s taxes. While the bottom 90% pay only 29%. But yeah, let’s give the bottom 90% more breaks. Dumbfuck Hondo at it again.

Gates, Buffet, Bee zos, and the Waltons have more wealth than the bottom 50%. They can pay more. They've gotten tax breaks on everything from cap gains to income to corporate for many decades. This is oligarchic banana republic shit. We are better than this as a society.

They already pay more...hth

SFGbob

The methodology boosted your boyfriend's numbers as well Hondo. But if you want to brag about how shitty Reagan's economy was while it was a fully 2% greater in GDP growth than you cocksuck God knock yourself out.

UW_Doog_Bot

greenblood said:

Fire_Marshall_Bill said:

greenblood said:

And it should go to them. The top 1% pay 40% of the country’s taxes. While the bottom 90% pay only 29%. But yeah, let’s give the bottom 90% more breaks. Dumbfuck Hondo at it again.

Gates, Buffet, Bee zos, and the Waltons have more wealth than the bottom 50%. They can pay more. They've gotten tax breaks on everything from cap gains to income to corporate for many decades. This is oligarchic banana republic shit. We are better than this as a society.

They already pay more...hth

Gates, Buffet, Bee zos and Waltons are better at creating wealth for us all to get a piece of than the government is. It's that simple.

2001400ex

SFGbob said:

The methodology boosted your boyfriend's numbers as well Hondo. But if you want to brag about how shitty Reagan's economy was while it was a fully 2% greater in GDP growth than you cocksuck God knock yourself out.

I said why using GDP is fucktarded. Then you go respond with GDP again. And ignore the actual chart I posted. Your knowledge of the economy is relegated to Fox news bullshit. HTH but I know it won't.

SFGbob

I'm enjoying you "educating" me on how Reagan's economy was really shitty Hondo. No one will ever touch the economic powerhouse created by your boyfriend Hondo.