"Lower taxes on the Rich means more jobs at higher wages for the Poor"

[Cryptoad]

Ummmmmm,,,,,,, now where the hell have I heard that before!!!!!!???????


More KY Gel,,,,, Please

[The_Casual_Observer]

1. Oh and by the way the "middle class" will see a "modest" tax increase.

These lousy bastards.

[rickford66]

2. You have to bribe the rich to hire and starve the poor to work.

GOPenomics

[meadowlander]

3. That's been the theory for the last 37 years....

surely we have an evidence base by now on how well it actually works.

[sarisataka]

5. We have that evidence

[Cryptoad]

6. yea one would think so,,,,,

[IronLionZion]

4. No pain, then no pain

Liberals always want a handout for nothing, always wanting to get more comforts than they deserve. If you want KY Gel, you work for it like a conservative.



The liberal belief is the exact opposite. Helping raise wages and conditions of the poor will trickle up to the rich through increased consumer demand and economic activity. Rising tide lifts all boats. Everyone does better when everyone does better.

[global1]

7. Right - Doing The Same Thing And Expecting A Different Result......

works every time. (sarcasm)

The bigger problem as I see it is that the 'American People' fall for it every time. Will we ever learn?

[unblock]

8. no one has ever been able to give me even a hypothetical example of the kind of decision

that results in more jobs under the lower personal income tax rate than under the higher income tax rate.

seriously, what ceo is sitting there saying, hey, hiring more people for my company will result in more profits, but meh, if the government taxes at 39.6%, i won't bother. screw my business and my shareholders and even myself, i won't seek more profits because my personal tax rate is too high.

but suddenly, if the top tax rate is 35%, whoa! damn, i'm hiring! that extra 4.6% of that i get to keep of my bonus, yeah, that's the deciding factor! i'm gonna run my business more profitably now that i get a teeny tiny extra amount! keeping 60.4% wasn't worth it, but keeping 65%, now we're talking! hire more people now!


even if it is possible to have a business decision where that narrow difference in personal tax rates mattered, how many such decisions could there really be across the whole economy? it's can't possibly be enough to make a real difference.

seriously, the whole notion is ridiculous, it's amazing people *still* fall for it.

[HughBeaumont]

9. There's a reason it's called the "Laffer Curve" -

. . . because you'd have to be a deluded idiot to think this decades-debunked horseshit actually works.