General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums"Lower taxes on the Rich means more jobs at higher wages for the Poor"
Ummmmmm,,,,,,, now where the hell have I heard that before!!!!!!???????
More KY Gel,,,,, Please
The_Casual_Observer
(27,742 posts)These lousy bastards.
rickford66
(5,528 posts)GOPenomics
meadowlander
(4,402 posts)surely we have an evidence base by now on how well it actually works.
sarisataka
(18,770 posts)Cryptoad
(8,254 posts)IronLionZion
(45,528 posts)Liberals always want a handout for nothing, always wanting to get more comforts than they deserve. If you want KY Gel, you work for it like a conservative.
The liberal belief is the exact opposite. Helping raise wages and conditions of the poor will trickle up to the rich through increased consumer demand and economic activity. Rising tide lifts all boats. Everyone does better when everyone does better.
global1
(25,270 posts)works every time. (sarcasm)
The bigger problem as I see it is that the 'American People' fall for it every time. Will we ever learn?
unblock
(52,319 posts)that results in more jobs under the lower personal income tax rate than under the higher income tax rate.
seriously, what ceo is sitting there saying, hey, hiring more people for my company will result in more profits, but meh, if the government taxes at 39.6%, i won't bother. screw my business and my shareholders and even myself, i won't seek more profits because my personal tax rate is too high.
but suddenly, if the top tax rate is 35%, whoa! damn, i'm hiring! that extra 4.6% of that i get to keep of my bonus, yeah, that's the deciding factor! i'm gonna run my business more profitably now that i get a teeny tiny extra amount! keeping 60.4% wasn't worth it, but keeping 65%, now we're talking! hire more people now!
even if it is possible to have a business decision where that narrow difference in personal tax rates mattered, how many such decisions could there really be across the whole economy? it's can't possibly be enough to make a real difference.
seriously, the whole notion is ridiculous, it's amazing people *still* fall for it.