tag:blogger.com,1999:blog-16816866.post4143167487586007386..comments2024-02-29T02:10:56.878-08:00Comments on J O S H U A P U N D I T: The Real Story On 'Tax cuts'Freedom Fighterhttp://www.blogger.com/profile/13649470110087808596noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-16816866.post-57737026390262025342010-12-05T10:10:17.361-08:002010-12-05T10:10:17.361-08:00The lefties are still afraid of trickle down econo...The lefties are still afraid of trickle down economics. It was no great discovery simply stating a basic truth. Poor people don't hire workers rich people do.<br /><br />Keynesian economics was invented by a socialist to counter economic theory that leaned more towards freedom. It was invented out of whole cloth. I am not suprised that you would brag about learning Keynesian economics from your liberal professors. Many schools of "higher learning" are infested with Marxist professors who are bent on indoctrinating their students. Many student are smart enough to see through this. Sadly some are not...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-16816866.post-466220492865600142010-12-04T19:18:49.256-08:002010-12-04T19:18:49.256-08:00Hello, Anonymous.
I see we have another disciple o...Hello, Anonymous.<br />I see we have another disciple of the Nancy Pelosi school of 'unemployment checks are the fastest way to create jobs' variety.<br /><br />'Economists ran the numbers'? Do you mena a cretin like Paul Krugman?<br /><br />Let's review again..anytime you receive money, you are either spending it or investing it. There is no other possibility unless you're using the greenbacks for wallpaper or kindling.<br /><br />Someone making $200K is spending more than someone making %40K per year...and what's more that $200K person is likely employing others.<br /><br />That's exactly why Reagan's tax cuts and fiscal policies made the American economy boom after the Carter years and why the Bush tax cuts bailed us out of the Clinton recession.<br /><br />As for your notion of "taxing the rich" then pouring it into unemployment and tax breaks fo rthose you consider more 'deserving', wasn't that what Obama's 'stimulus' was supposed to do? Worked great, didn't it? Let's do it again!<br /><br />It's obvious that you're either an academic, or government employee who feeds at the public trough and has little knowledge of how the real world works.<br /><br />Regards,<br />RobFreedom Fighterhttps://www.blogger.com/profile/13649470110087808596noreply@blogger.comtag:blogger.com,1999:blog-16816866.post-51028880123875297332010-12-04T06:06:43.950-08:002010-12-04T06:06:43.950-08:00Let Obama lead the way. Since he thinks that the t...Let Obama lead the way. Since he thinks that the tax rates should go up, let him figure out what his taxes would have been over the years that he earned millions from his book and adjust his taxes accordingly. If its good for us its good for his highness.Let him and Michelle lead by example for a change.Or because he considers himself better than the rest of us since he believes in income distribution, does that mean it doesn't' include his income?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-16816866.post-75590563953718716652010-12-03T23:26:11.789-08:002010-12-03T23:26:11.789-08:00Hah! The old "trickle-down economics" B...Hah! The old "trickle-down economics" BS, aka voodoo economics. It's just not true. Economists ran the numbers and common sense actually came out in the lead. Lowering taxes leads to lower revenues. As I learned in my very first economics class, and as I experience in my own life, the more people make, the less they spend as a percentage of their income. The guy making 40k a year likely spends 100% plus. The guy making 200k a year spends a far lower percentage, locking more of it in savings and stocks. Now I hear you say, "But those investments build the economy and lead to more taxes?" Well, yes, sort of, years down the line. However, stock investments are largely just a form of gambling that has no effect on the company's finances.<br /><br />So taxing 100 billion or whatever from the rich then pouring it into unemployment and tax breaks for the less well off will supercharge the economy. Handing the money to the rich will lead to a tepid effect.<br /><br />So you're totally, utterly, hilariously, scarily, sadly wrong.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-16816866.post-51860596959082218062010-12-03T17:08:33.451-08:002010-12-03T17:08:33.451-08:00Reference my earlier comment about Tax & Spend...Reference my earlier comment about Tax & Spend Democrats. This class warfare crap is really tiresome.Roseyhttps://www.blogger.com/profile/05831258809546539352noreply@blogger.com