(May 2, 2012 at 10:42 pm)mediamogul Wrote:(May 1, 2012 at 1:48 pm)5thHorseman Wrote: Higher taxes create jobs. You raise taxes, the cheap asses re-invest their monies into their businesses to avoid the tax and grow instead. Didn't anyone pay attention to why the economy grew and unemployment shrunk under Clinton? Under his Presidency the rising taxes bought about 23 million jobs. Bush walked into an economy with a $250bn surplus, cut taxes massively put the country into deficit and had a recession. Why do the right wingers not acknowledge this. Oh, because the CEO's who donate to them want to pay themselves more, because lining your own pockets is all that matters to the fruitloops.
Excellent point. Tax rates on the rich during our nation's greatest period of economic prosperity approached 70% or higher on every dollar made over a million. This was post New Deal when government spending also increased in response to the war effort. Unemployment became effectively 0% and not top mention that this is the time when most of the nations infrastructure was built incluing schools, highways, suburbs etc... I think that the biggest flaw in Obama's stimulus was that he didn't spend enough to truly kick start the economy. In the short term it leads to more debt but with responsible tax rates, particularly on the rich, the debt is something that can be spent down. Bush decided to wage a useless war on falsified intelligence while cutting taxes for the wealthy and signing Medicare Part D into effect. The result: 6 trillion in debt, a quagmire in the Middle East and a housing bubble that burst causing what was damn near another Great Depression. Reaganomics does not work!
All higher taxes do is gives the government more money. More money to do what? Wage war? Build war machines? Invade countries? Give subsidies to failing businesses? Pay all the illegal alphabet agencies?
Maybe some goes to good things like infrastructure and public health but those are not as profitable as war.
Must end corporatism first, must end the FRS. Then we can address these problems. You can't keep band aiding the situation unless you tackle the root problem. The US Government get's loans from the FRS which creates money backed by nothing, so when the money is created it already has debt applied to it, and we pay for it in the form of income tax. Then to pay all the additional interest more loans must be created and we get inflation. You need a stable currency backed by something tangible or something fixed, you can not have a healthy economy with money that can be printed like crazy. There is a reason things cost more today then 50 years ago. The income tax was created to siphon more money(human production) to the rich bankers. They create money from nothing, we create money by being productive citizens and create a product or offer a service, then after we create said product or service the feds take a chunk of our "real" money in the form of income tax. That is how they make their money. They don't produce anything of real value, they just take the wealth we create.
We mostly pay down the federal debt with income taxes, which is created by the FRS by loaning money to the government at interest. That is how the bankers make their money, usury.
Sorry my organization isn't very good, there is a lot of information out there about this, but at the root I think it's pretty simple.
