Tea Leaf: The ABCs of the U.S. economy

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  • DeltaFoxtrot West Valley, UT
    June 15, 2011 12:56 p.m.

    Also, so many Baby Boomers keeping that "one foot in the work place" is what is keeping unemployment rates for the younger generation so high. When folks with seniority won't leave the middle players can't move up, which means no openings at the bottom for new blood to come in.

  • DeltaFoxtrot West Valley, UT
    June 15, 2011 10:45 a.m.

    We wouldn't need to raise taxes at all if the folks in DC could figure out how to quit SPENDING.

    There would be plenty of money to go around if we could get out of these two wars, cut the military by about 1/3, put the brakes on entitlement programs and end subsidies on things like Ethanol and Electric Cars.

  • OnlyOneWhoHasBeenThere Allen, TX
    June 15, 2011 9:38 a.m.

    Eliminate the Social Security Contributions cap, leave the "Bush" tax cuts in place, and we will be better off by far.

  • pragmatistferlife salt lake city, utah
    June 15, 2011 7:29 a.m.

    Jeff, Jeff, I hate to tell you but given the lack of real wealth created in the Bush years, the top three percent likely became that way when the tax rates were higher, and we had job growth.

  • rnoble Pendleton, OR
    June 15, 2011 6:09 a.m.

    wages are tax savers---they are deductible as part of doing business---higher tax rates changes incentives concerning marginal employees by changing their utilization to make more marginal employees more worthwhile to the company---

    capital gains taxes are more complicated because they are not always associated with people making the decisions on hiring and firing---instead capital gains taxes affects the capital markets by reducing total capital available for investment and taxes on gains affects the decision to participate---thus less capital might equal fewer employees---

    it is a juggling act---sometimes the employment picture is not the prime mover in tax or not tax decision---i feel we should be taking steps to reduce volatility in some markets and taxes can do that---also restrictions on trading can reduce volatility so taxing decisions are not the only answer---

    for those who think higher taxes create a disincentive to work, i think that after a certain level of income more money is really about more power and so additional taxation is not the only thing in play---yes they want to keep it but they will continue to work anyway---

  • FDRfan Sugar City, ID
    June 14, 2011 10:41 p.m.

    "Boosting capital gains, dividend and income tax rates on the top 3 percent of income earners remains the president's goal, if he survives the 2012 election. Like it or not, these are primarily the people who create jobs and invest. The administration's focus on "income redistribution" rather than on providing "incentives for U.S. economic growth" remains troubling."

    Where are they investing and creating jobs? They got a huge cut when Bush became president and where are the promised jobs in the US?

  • mwd LAYTON, UT
    June 14, 2011 7:49 p.m.

    Wow, tawillin I would be willing to bet that you don't own a business. With a terribly lazy attitude, not to mention work ethic, you surely do not understand the basic fundamentals of business. I still really just hope you are making a joke by what you put in your comment. Taxes absolutely do not dictate behavior. I try and spread my wealth around by donating to charity.

  • tawillin Mc Kinney, TX
    June 14, 2011 5:48 p.m.

    I disagree with your taxes statement. The top 3% income earners do not create jobs. People like me create jobs. I own a law firm and pay myself $50,000 a year. I made tough choices to pay myself less and hire people. I could pay myself $100,000 and fire my associate but I think it is an obligation of a good Christian to help spread the wealth. Taxing the top 3% is a great idea. It creates more incentive for people like me to work less and hire others to work in our place. Taxes dictate behavior. If I'm taxed the more I make, the less desirable extra work becomes. The work I refuse to do will be picked up by another attorney. Therefore, another job is created. Tax the top 3% and pay down the deficit.