| Author | Message | ||
     Reindog |
Listen to Ronald Reagan's campaign speech for Goldwater-Miller on 10/27/64 and it will open your eyes to the dangers today. The irony is you would swear it was given just yesterday. This is well worth your time. It would take Ronald Reagan sixteen years to become one of the greatest Presidents this country ever had. Who is in the wilderness today to be tomorrow's leaders? | ||
| Paw |
Yes Ronnie was a great President but he F'ed up the trucking industry with deregulation. Just look at the traffic safety with trucking before and after it. It took the government a lot a time to get shit right and bring down the accident rate and among other problems. | ||
| Jwblue |
Ronald Reagan was a very good public speaker. Not as good as GWB, but pretty good nontheless. | ||
| Pwnzor |
Great find, Tom. | ||
| Rocketsprink |
"one of the greatest Presidents this country ever had." That's your opinion. | ||
| Rocketsprink |
You are right. the burden on the middle class due to tax reduction for the wealthy has gone up while the tax rate on the wealthy dropped since Mr. Reagan. How's that whole trickle down theory thingy working for ya?  | ||
| Sifo |
Your chart shows a reduction in tax rate for pretty much all but the lowest earners when Reagan came into office. They stay pretty flat. Having done that and as I recall total tax revenue didn't take a dive, I would have to say that it worked out very well. The only reason to not like it is if you believe that taxes should be punishment for success. | ||
| Sifo |
Just checked and the tax revenues went up with the Reagan tax cuts, both in actual dollars and as a percentage of GDP. Yep, worked just fine unless you want to punish success! http://www.taxpolicycenter.org/taxfacts/displayafa ct.cfm?Docid=200 | ||
| Court |
Success offends bureaucrats. Guess what the highest paying, and fastest growing, jobs in America are at present? Hint . . they are all adjacent to the e wealthiest counties in America. | ||
| Sifo |
Gubberment jobs? | ||
| Strokizator |
Instead of being angry that the wealthy don't pay enough, why aren't mad that 50% of the population pays nothing? Maybe if they had some skin in the game, they wouldn't be voting for bigger gov't and more handouts. | ||
| Court |
>>>Gubberment jobs? You got it. Fastest growing sector of the economy . . in fact the ONLY growing sector of the economy. Last year there was ONE PERSON at the Federal Department of Transportation making >$175,000 per year. Obama arrived and now there are 1,761 folks at or above that level. It's a great gig. Look at some of the qualifications, check out for instance the stupid stumbling Posner who was apologizing to the Chinese last week, and you'll see some damn thin resumes. They key to getting in is to come from the SEIU (still the most frequent "official" visitors to The White House) or any one of the unions that supported the Big O. Fun stuff . . . you are paying idiots a LOT of money and it's going to get LOTS worse before it gets better. Cover your own ass. I did. | ||
| Kc10_fe |
SEIU is full of illegal aliens by the way. Hotel housekeepers that no habla. The largest union made up of people who make under 10 per hour. | ||
| Gregtonn |
Court is right. But if we all went to work for the government, instead of those "evil rich corporations", (who would have to go overseas to find employees) who would lend us the money to pay for it? Oh yeah...and how would we make any money to pay them back. Pull your ears out of your butt people! G | ||
| Court |
Eventually folks will need to be weened from the public teet . . . It's becoming evident that the same folks who bought $500,000 homes on $40,000 incomes (thanks Barney Frank for forcing banks to loan to folks with "no income check") aren't going to leave the public trough voluntarily. Watch Greece and California closely . . eventually they'll be knocked from the trough. It is . . to quote an overused phrase . . "Unsustainable". | ||
| Reindog |
Leftists can howl at the moon all they want but it conveys nothing. Court is correct. (Message edited by reindog on May 23, 2010) | ||
| Aesquire |
"...and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people's money. It's quite a characteristic of them." M. Thatcher. PM U.K. Short form. "The problem with socialism is that eventually you run out of other people's money [to spend]." Rocketsprink fails to see, or admit, that tax cuts for the rich gain the most economic advantage. It doesn't satisfy the class envy he's been taught by the reds, who use class, hatred, envy, and lie after lie to fool weak and ignorant souls that they are victims, and those who do better must be exploiting them. The more money you make, the more effect your spending & investing will have on the economy as a whole. It fails to make emotional childish happy face feel good, but math is math. So if you make average income, and joe makes 3 times that, and pete makes half, cutting ALL your taxes by any amount equally, means that joe's tax savings invested makes a larger positive effect on the economy. Your savings and spending not so much and pete hardly at all. You and pete are going to spend more of your savings on daily life stuff, which is fine but joe has more of his daily life stuff covered, so more of his savings goes to capital investment, or maybe a pool or other luxury item, which also spreads the wealth around. Until the class envy A$$holes jack the taxes on luxury goods, to "punish the rich". Under Clinton that killed the yacht industry in the U.S., esp. in New England, as domestic toys got expensive, and foreign ones more economical. Time after time that ideology of hate leads to bad consequences. I'm really curious why anyone with a brain falls for it? Is it an adolescent hormone thing? So, Regan's tax cuts were wisely aimed more at higher return to the economy as a whole, and succeeded pretty darn good. Bush the Elder failed to be firm enough with a left leaning Congress who spent too much of others people's money they didn't have. His tax increases killed his chance at re-election, ( as deserved, IMHO ) and after a brief surge in tax revenues, hurt the economy. It had recovered his last year in office, even so. American can create wealth. Government consumes it. Clinton the Cigar fan jacked taxes again, and again, a brief surge in revenue, again, an economic hit leading to the recession his last year in office. Bush the younger cranked out tax cuts across the board, not the most best way to help the economy, but more populist than Regan's biased & more effective ones. Still, worked fine and we had very low unemployment right up until the FM/FM mortgage/housing boom bust that I place at the feet of Dodd, Pelosi, etc. and, reluctantly, not any President, even Obama, who helped with the extortion process leading to the crisis, but I doubt was more than a willing minion in the big rippoff. Happy as hell to exploit the crisis, though. Leftists are always victims, it makes them happy. "Im being repressed" |
