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#1
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Cutting taxes on the wealthy increases gov't income. Tax payments by millionaire households more than doubled to $273 billion in 2007 from $132 billion after the tax rates were cut in 2003. The number of tax returns with $1 million or more in annual reported income doubled over that period thanks to the strong economic rebound. You seem to fail to grasp the fact the a stronger economy is a far greater generator of govt revenues than raising tax rates. That is a fact. |
#2
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![]() The discussion was about the immediate benefit of unemployment dollars on the economy - and thus why it's so necessary to extend benefits for the unemployed when joblessness is so high and the recession is so slow. Of course I think a stronger economy is better generator of government revenues that raising tax rates. Duh. We have to get to the stronger economy. Cutting off unemployment checks to millions is the opposite of that.
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"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts Last edited by Riot : 12-03-2010 at 05:41 PM. |
#3
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Raising taxes is hardly the path to a stronger economy yet you continue to advocate that. You seem to think that the govt should extend unemployment benefits endlessly, now not because of moral reasons but because of its economic benefits? This is similar to your argument that food stamps are a fine source of economic stimulus as well. |
#4
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A guy who doesn't think unemployment dollars immediately helps the economy probably not ought to be lecturing others on "understanding basic economic fundamentals" Why don't you find one that supports that rare position? Look in the WSJ.
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"Have the clean racing people run any ads explaining that giving a horse a Starbucks and a chocolate poppyseed muffin for breakfast would likely result in a ten year suspension for the trainer?" - Dr. Andrew Roberts |
#5
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I would think that on economic matters there would be few places that break thngs down more effectively than the WSJ. |
#6
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Books serve to show a man that those original thoughts of his aren't very new at all. Abraham Lincoln |