Do you believe that growing income and wealth inequality is more of a result of conservative government policies or is it a result of defects in our economic system?
Tell me how a single wealthy person creates jobs...Really, I'd love to hear it. Consumer demand creates jobs and services, not the wealthy. They may invest to start companies, but that's it. And even if you raise their taxes, they still invest.
Sure...You have to have consumption to produce demand, but you have to have businesses to produce the supply. Businesses provide the jobs to produce the supply. Agree?
Businesses have a profit motive. Their whole goal is to produce more profit by expanding their business. When they expand their business, more jobs are required.
If there's no demand, they're not going to expand. Cutting taxes on supply does nothing, unless they're too high. And as the historical record, points out, they aren't.
The whole goal of business is to make profit. Expanding business is irrelevant. If it's in their interest to expand to make more profit, they will. If they can cut costs any way they can (which means outsourcing, avoiding taxes, etc), they will.
Also, if the wealthy have options other than "create/expand a business" for getting wealthier, and those options have better RoIs than "create/expand a business", they'll take those other options instead, and your tax cuts just did jack.
This is why I initially disagreed with you and still stand by my statement. We have not practiced conservatism in decades. Our national debt is a perfect example of our non conservation. ;)
We have the lowest tax rates in over 70 years. We used to have a top rate of over 90 percent in 1950s, has decreased since then to 35. With the exception of Clinton, no increases. NAFTA, CAFTA, reversal of Glass-Stegall.
No doubt, right? How completely hooked into the right-wing media machine to you have to be to not realize that the conservative agenda has been enacted by virtually every president since Reagan was elected, with the partial exception of Clinton?
Ryne, I'll give Clinton credit for getting out of the way and allowing the tech boom to happen, but Obama plans...LOL, Obama actually created more debt under his watch than Bush Jr. Seriously, we've been going down a bad road since Carter.
Sorry but let me just chime in. First off the 1950s tax rates were an illusion the amount of loopholes ensured that the wealthy really only paid about 30% which is why in the 80s when Reagan closed loopholes and took the top rate down to 30% money
Wasn't lost in the budget. Second off taxes have never responsibly been cut. When Reagan cut them in the 80s he shortly after had to raise them again and the Bush raised them that's why he was rejected and so did Clinton. Bush jr cut and then we had
A massive deficit so he raised them as well. Obama reciprocated. Overall spending has never gone down even under Clinton who achieved his balanced budget using tax hikes.
Just because a Democrat enacted a policy doesn't make it automatically NOT a conservative policy. Obama has been enacting moderately conservative policies off and on for his entire Presidency, thinking (foolishly) that he could win support -- at all.
Show of Hands
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