Quote (ampoo @ Oct 16 2018 07:11pm)

or in short, the wannabe socialists with their ridiculous overreactions and crying have been exposed once again

so yes, its possible for the state to make money with lower taxes (some people shouldnt have skipped their math classes)
even if tax revenue remains on a similar level or slightly goes down its a success, when people have more money in their pocket and corporations invest additional funds
there is not a single state in the western world that has a problem with income

spending is the real problem, especially in the united states

Quote (inkanddagger @ Oct 16 2018 08:07pm)

The weird thing you're missing is that the economy is currently expanding, therefore the tax base will be higher regardless. As a consequence of lowering taxes, the net gains by the government are lower than they would have been. This means less ability to offset the next bust cycle, which will mean more deficit spending. It's pretty obvious.

Quote (EndlessSky @ 16 Oct 2018 19:45)

8% rise in revenue with a 4% growth rate should be straightforward math.

Quote (FGdumpster @ Oct 16 2018 06:12pm)

That's where increases in tax rates become so debilitating that they actually lower total tax receipts by de-incentivizing the profit motive, i.e. production. So, that's where you'd stop raising taxes if you wanted to maximize revenue.

If you wanted to maximize production, you'd actually want a much lower rate.

Quote (Thor123422 @ Oct 17 2018 11:06am)

We had highly successful economies with the top tax bracket paying 90%.

There's definitely an argument to be made for the highest tax bracket to be insanely High that way money stays in the company instead of being taken out by the owners and gets reinvested to drive further growth.

If the top tax bracket is 10% then you want to take as much money out of your company while it's successful as possible and put it in a low risk steady location. If the top rate is 90% you never want to take money out of your company and will continually reinvest because it's the most effective way to generate more money.

Quote (EndlessSky @ Oct 17 2018 10:24am)

The economy collapsed after the taxes were raised. The economy didn't pick up again until Reagan lowered the taxes again.

Quote (IchBinDaddy @ Oct 17 2018 11:41am)

Oof :wacko:

That’s also when we started seeing the permanent shift of outsourcing.
Tax cuts being collected and then jobs being lost.

Let me give you a scenario, though. I’m not trying to troll or be rude.
Let’s have a real conversation without any toxicity.

What happens to the economy of a city when the city gives a tax break to, let’s say, a new Walmart to be built. In this same area, we had tons of small businesses that carried what Walmart was going to carry. It’s obvious that they would go out of business when the Walmart is built and the people working there will be out of the job.
So Walmart gets built. People start shopping there instead because it’s more convenient and slightly cheaper. The others businesses start closing and the workers are forced to get a job at Walmart.
Walmart mainly gives low wages and part time work. The only ones who get a wage that’s a bit higher than the poverty level is the head manager and assistant manager. Then there’s a huge drop to CSM’s... then there’s everyone else.
So what has happened is that we lost tax revenue on all accounts and now are more likely to provide even more assistance to the workers. We drove the standard of living down in the area because the amount of money saved on the products doesn’t amount to the lost tax revenue and lost income.

Quote (Thor123422 @ Oct 17 2018 09:06am)

We had highly successful economies with the top tax bracket paying 90%.

There's definitely an argument to be made for the highest tax bracket to be insanely High that way money stays in the company instead of being taken out by the owners and gets reinvested to drive further growth.

If the top tax bracket is 10% then you want to take as much money out of your company while it's successful as possible and put it in a low risk steady location. If the top rate is 90% you never want to take money out of your company and will continually reinvest because it's the most effective way to generate more money.

Quote (EndlessSky @ Oct 17 2018 11:45am)

If the Republicans do wellin the midterms the stock market is going to go up a few hundred points.

If the Democrats win either house, the DOW will probably drop ~1000.

Wall street knows where the good policy is.



Change topics because your original one sucked.

Quote (EndlessSky @ Oct 17 2018 10:24am)

The economy collapsed after the taxes were raised. The economy didn't pick up again until Reagan lowered the taxes again.