Lost,Federal revenue increased at a much higher percentage after the
Clinton tax cuts, so if all we look at is the short term then tax increases
outperform tax cuts. Lets look long term at what the Reagan policies have done.
Prior to Reagan companies plowed a large portion of their profits back into
their companies to avoid the taxes for pulling out their profit. Since Reagan
pull the profit and move it offshore. You are right they do move
the money to places where their are no regulations like China. Do you remember
the Olympics in Bejing, China shut down the factories for 100 days before the
Olympics started and you could still chew the air. That is what we want in
America right? What kind of life do the majority of citizens live in China?
That is what we want right? Lets certainly take the Chinese model and adapt it
to America because that will benefit the 2% at the expense of the 98%. Regulations are necessary, does the President go to far with some of his
regulations you bet, but if I have to chose I will take his over regulation over
your desire to turn America into China.
Fred,federal revenues INCREASED following the Reagan tax cuts, what are
you talking about?I guess you missed the news this morning that
Google off-shored about $10 billion in profits to countries with no corporate
tax rates. Lower the tax rates so it costs more in legal manuveuring to move
the profits offshore and you'll keep that money here and INCREASE revenues.
Of course, BO could not then play class warfare.I guess you also
missed the EPA's decision to regulate CO2 as a pollutant, so industries
that create CO2 during their processes are moving off-shore to places like
China, which are not even subject to the climate control accords.and
business owners? they have a fiduciary responsibility to their shareholders.I guess you also missed BO's promise to make the domestic coal
industry extinct. Yep, that's job killing and economy supressing
Worf,Regulated and taxed into extinction? We have the lowest tax
rates we have had in the last 50 years. Regulations what change in regulations
have caused businesses to leave?The lowering of taxes and the
changes in tax laws under the Reagan presidency rewarded Americans for pulling
money out of American business and moving it offshore. Twenty years ago
Americans businessmen had integrity and would not run sweatshops in third world
countries. Today it is considered good business. There was a time
when American businessmen were committed to their country and their employees,
that time is long gone for most and it has nothing to do with Liberals, it has
to do with the insatiable desire to have every single dollar for their own.
Great idea! Let's level the playing field, and redistribute the money.
Everybody gets a fair shot.* Lady GaGa's wealth can be taxed,
and redistributed to me.* I can put on a concert, or play quarterback for
the Denver Broncos.* Danny DeVito can play center for the Lakers.Oh the wisdom of liberals.
The rich knows how to shelter their money, and not pay taxes. They use foreign
bank accounts.The ones who will see increased taxes, are the small
business owners, who supply the biggest percentage of employment.Remember when:* shirts, pants, socks* television*
lumberwere "made in the USA"? Now they're regulated, and
taxed to extinction.
why not just tax those that make over 200k at 75% The rich are stupid and will
just keep paying more and watching their income shrink - right?? All I know is
those with money didn't get there by being stupid and they aren't
going to set and watch their wealth disappear funding the bums and dead beats in
this country. Obama will most likely have to keep lowering the the "evil
rich" cut off - from 200k down to 100k down to 50k. Remember most (not
all) of those that depend on this free money don't work anyway so they
could care less about taxes... as Romney found out. Those with money are going
to simply shut down business here and do business elsewhere. The middle class
will be the ones that are left to fund the bums and those days aren't too
far off I'm afraid. Ask Greece. But that can't happen here ... right?