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(Cato Institute)   History is littered with examples of how taxing your way into prosperity has failed over and over again but it will work this time, right?   (cato.org) divider line 171
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1470 clicks; posted to Politics » on 03 Jan 2013 at 11:24 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-01-03 10:05:25 AM  
We are not Portugal.
 
2013-01-03 10:08:38 AM  
"Littered with examples" often means more than one example, but since this is the Cato Institute we're talking about I'll applaud the fact that it didn't actually end up meaning "no examples."
 
2013-01-03 10:09:38 AM  
Hey, f*cktards, American history is littered with examples of tax cuts doing sh*t all for job growth.

How about you learn that lesson?
 
2013-01-03 10:11:50 AM  
Ah the laffer curve. How dumb.
 
2013-01-03 10:13:34 AM  

Dusk-You-n-Me: We are not Portugal.


You could almost read that article as "The austerity measures Portugal is undertaking continue to crash their economy".

Note that most of the Portuguese tax is collected via a "VAT" (aka FairTax), which I thought was supposed to cure all financial ills?
 
2013-01-03 10:14:30 AM  

Rev.K: Hey, f*cktards, American history is littered with examples of tax cuts doing sh*t all for job growth.

How about you learn that lesson?


And how they actually lead to bubbles and busts in the stock market, but you know that chicken ain't gonna fark itself.

And no one at Cato can really explain the whole high taxes and tariffs and how they fueled the growth of the economy under Truman and Ike, the golden days they like to remind us of or explain away the Reagan tax cuts starting the gap of income inequality to explode.
 
2013-01-03 10:15:48 AM  

James!: Ah the laffer curve. How dumb.


There's never been any studies proving that it's real. It's a farking drawing on a napkin and has as much basis in reality as Grover Norquist's ideas.
 
2013-01-03 10:17:02 AM  
I do believe that reducing government spending will go a long way in helping allay our financial ills; the problem is that the people who preach spending reduction the loudest aren't interested in reducing spending in areas that make the largest portions of our debt.
 
2013-01-03 10:19:17 AM  

Dusk-You-n-Me: We are not Portugal yet.


Well put.
 
2013-01-03 10:20:05 AM  
i1212.photobucket.com
Quick and Dirty
 
2013-01-03 10:21:33 AM  

Dancin_In_Anson: Well put.


Grow up.
 
2013-01-03 10:23:26 AM  
remember the "golden age" of american prosperity - the glorious 1950s? what was the highest marginal tax rate during those halcyon days, i wonder...
 
2013-01-03 10:23:51 AM  

Dusk-You-n-Me: Grow up.


Give it a rest.
 
2013-01-03 10:25:20 AM  

RexTalionis: [i1212.photobucket.com image 640x400]
Quick and Dirty


Excellent. I may steal that.
 
2013-01-03 10:25:29 AM  
encrypted-tbn0.gstatic.com
 
2013-01-03 10:25:40 AM  
well it's a good thing our tax burden is at its lowest level in 50 years then...
i.usatoday.net
 
2013-01-03 10:25:45 AM  

FlashHarry: remember the "golden age" of american prosperity - the glorious 1950s?


No.
 
2013-01-03 10:29:55 AM  
Does history have examples of a country cutting tax revenues in the midst of fighting 2 wars? No.
You know why? Because no other modern country has been as pants-shiattingly stupid as the modern GOP
 
2013-01-03 10:34:08 AM  
Jesus, the Clinton era was only 13 years ago.  We remember sh*tty '80s music better than that.
 
2013-01-03 10:34:58 AM  
You see America is like a family, and if it goes into debt it has to mortgage its house but then eventually forecloses and then the wife leaves the husband for a richer man. Simple economics really.
 
2013-01-03 10:37:50 AM  

NuttierThanEver: Does history have examples of a country cutting tax revenues in the midst of fighting 2 wars? No.
You know why? Because no other modern country has been as pants-shiattingly stupid as the modern GOP


pfft, those wars will pay for themselves. nice try lib.
 
2013-01-03 10:38:08 AM  

Trivia Jockey: Jesus, the Clinton era was only 13 years ago.  We remember sh*tty '80s music better than that.


Also, the 1950s, which Republicans seem to think were the halcyon days of America, where the highest marginal tax bracket was 91%.
 
2013-01-03 10:40:34 AM  
upload.wikimedia.org
An intra-continental transportation system that changed commerce within the country forever, a thriving middle class with met expectations of increased prosperity for the entire nation year after year after year, an education system so good that even in decline now, it still attracts tens of thousands of foreigners to our colleges every year,  the beginning of the end of polio and smallpox, rebuilding Europe, exploring the depths of the oceans and the beginning of the journey to the moon and beyond, off the top of my head.

So yes,  taxation works.
 
2013-01-03 10:43:44 AM  
Not only is the headline premise wrong, but the opposite is true...we've proven over the last 15-20 years that lower taxes on the wealthy does not create jobs/spur the economy.
 
2013-01-03 10:46:22 AM  

Irving Maimway: And no one at Cato can really explain the whole high taxes and tariffs and how they fueled the growth of the economy under Truman and Ike, the golden days they like to remind us of or explain away the Reagan tax cuts starting the gap of income inequality to explode.


They're not going to explain away the income inequality because that's their supreme goal.
 
2013-01-03 10:49:42 AM  

Trivia Jockey: Not only is the headline premise wrong, but the opposite is true...we've proven over the last 15-20 years that lower taxes on the wealthy does not create jobs/spur the economy.


You forget: this is CATO.
 
2013-01-03 10:52:23 AM  

GAT_00: Trivia Jockey: Not only is the headline premise wrong, but the opposite is true...we've proven over the last 15-20 years that lower taxes on the wealthy does not create jobs/spur the economy.

You forget: this is CATO.


I don't know what CATO is, but it sounds like I'm better off for it.
 
2013-01-03 10:54:48 AM  

Trivia Jockey: GAT_00: Trivia Jockey: Not only is the headline premise wrong, but the opposite is true...we've proven over the last 15-20 years that lower taxes on the wealthy does not create jobs/spur the economy.

You forget: this is CATO.

I don't know what CATO is, but it sounds like I'm better off for it.


A bunch of people who opted not to follow their namesake in disemboweling themselves with a sword and pulling out their own intestines.
 
2013-01-03 10:57:51 AM  

Trivia Jockey: I don't know what CATO is, but it sounds like I'm better off for it.


He's the guy from Mortal Kombat.  The one with a metal plate in his face.
 
2013-01-03 11:00:30 AM  
Because tax cuts and austerity measures worked in Europe, right?


Right?


*crickets*
 
2013-01-03 11:01:12 AM  

Trivia Jockey: GAT_00: Trivia Jockey: Not only is the headline premise wrong, but the opposite is true...we've proven over the last 15-20 years that lower taxes on the wealthy does not create jobs/spur the economy.

You forget: this is CATO.

I don't know what CATO is, but it sounds like I'm better off for it.


CATO is one of the older Republican think-tanks.  Like many of them, it once intelligently argued for libertarian values.  They were also a driving force for talking points like the Laffer curve.
 
2013-01-03 11:01:31 AM  
Republicans can never, ever explain why the tax raises of '94 didn't crash the economy like they said it would.
 
2013-01-03 11:02:32 AM  

Trivia Jockey: GAT_00: Trivia Jockey: Not only is the headline premise wrong, but the opposite is true...we've proven over the last 15-20 years that lower taxes on the wealthy does not create jobs/spur the economy.

You forget: this is CATO.

I don't know what CATO is, but it sounds like I'm better off for it.



It's a Dogma Tank.
 
2013-01-03 11:08:21 AM  
So the economy should be doing awesome then, right? Cato... hello?
 
2013-01-03 11:09:39 AM  
The Fiscal Cliff deal gave tax breaks to Hollywood for making movies in the US.  Trickle Down Economics works!!!!
 
2013-01-03 11:11:38 AM  

Counter_Intelligent: Trivia Jockey: I don't know what CATO is, but it sounds like I'm better off for it.

He's the guy from Mortal Kombat.  The one with a metal plate in his face.


I thought he was the Green Hornet's sidekick?
 
2013-01-03 11:14:48 AM  

Dancin_In_Anson: FlashHarry: remember the "golden age" of american prosperity - the glorious 1950s?

No.


the AEI? really?
 
2013-01-03 11:15:43 AM  

Dancin_In_Anson: FlashHarry: remember the "golden age" of american prosperity - the glorious 1950s?

No.


by the way, i haven't seen a single person suggest we return to those rates. we're talking raising the top marginal rate by, what, four percent? that's still incredibly low.
 
2013-01-03 11:16:01 AM  

MaudlinMutantMollusk: Counter_Intelligent: Trivia Jockey: I don't know what CATO is, but it sounds like I'm better off for it.

He's the guy from Mortal Kombat.  The one with a metal plate in his face.

I thought he was the Green Hornet's sidekick?


Isn't the Pink Panther's sidekick also Cato?
 
2013-01-03 11:16:59 AM  

MaudlinMutantMollusk: I thought he was the Green Hornet's sidekick?


No.  You're thinking about the guy from the Pink Panther movies.
 
2013-01-03 11:22:43 AM  

FlashHarry: Dancin_In_Anson: FlashHarry: remember the "golden age" of american prosperity - the glorious 1950s?

No.

by the way, i haven't seen a single person suggest we return to those rates. we're talking raising the top marginal rate by, what, four percent? that's still incredibly low.


Yup:

www.tc.umn.edu
 
2013-01-03 11:23:41 AM  

FlashHarry: by the way, i haven't seen a single person suggest we return to those rates. we're talking raising the top marginal rate by, what, four percent? that's still incredibly low.


But it's a move in the wrong direction!

That's why I never walk to the east.  I might end up in China.  Although I'm not sure what I'll do once I end up in California...
 
2013-01-03 11:26:20 AM  
History is littered with examples of the Cato Institute being wrong about everything but this one time they're right.
 
2013-01-03 11:28:34 AM  

Counter_Intelligent: MaudlinMutantMollusk: I thought he was the Green Hornet's sidekick?

No.  You're thinking about the guy from the Pink Panther movies.


No, no, no, you're all fools, he's the Lone Ranger's sidekick!
 
2013-01-03 11:29:27 AM  

kmmontandon: Republicans can never, ever explain why the tax raises of '94 didn't crash the economy like they said it would.


Or why the continuation of tax cuts hasn't resulted in jobs raining from the skies.
 
2013-01-03 11:31:56 AM  
History is also littered with incidences of the Cato Institute being completely up it's own ass.
 
2013-01-03 11:33:10 AM  

Peter von Nostrand: So the economy should be doing awesome then, right? Cato... hello?


It never ceases to amaze me that we can have the lowest rates in the past century, and the economy is far from booming, and they think the reason is because the rates aren't low enough.

Retards, all of them.
 
2013-01-03 11:33:32 AM  
History Fark is littered with examples of the Cato Institute DIA being wrong about everything but this one time they're he is right.
 
2013-01-03 11:34:29 AM  

Last Man on Earth: Counter_Intelligent: MaudlinMutantMollusk: I thought he was the Green Hornet's sidekick?

No.  You're thinking about the guy from the Pink Panther movies.

No, no, no, you're all fools, he's the Lone Ranger's sidekick!


No, you're thinking of David Allen Grier's character, sidekick to Damon Wayans in "Blankman".
 
2013-01-03 11:35:03 AM  
When all of the facts of the government within the last 20 years don't fit your narrative, use a false equivilency comparison based on faulty premise.

The aristocrats.
 
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