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Message Subject In the 1950's & 1960's the top tax rate was 70-92% so what is repubs malfunction?
Poster Handle Anonymous Coward
Post Content
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"The opposite belief, correlation proves causation, is a logical fallacy by which two events that occur together are claimed to have a cause-and-effect relationship. The fallacy is also known as cum hoc ergo propter hoc (Latin for "with this, therefore because of this") and false cause."
[link to en.wikipedia.org]
 Quoting: Anonymous Coward 1470044


So that premise can also be used to debunk the talking point that when you lower taxes on the rich, the Govt gains more revenue.
 Quoting: Anonymous Coward 1470062



bsflag

In fact, when taxes are lower - people spend more, and therefore are taxed more. Likewise, when "rich" people - read that as successful people (e.g. not hippies) have money to invest, and a promising economic outlook; they spend more than you'll ever have the mental capacity to understand. This means more physical locations, thus more local and state property taxes; more employees (jobs) so more government gains in employment taxes, salary taxes, FICA, and the other bullshit that the government makes you pay for.

I employ 8 people, and created those jobs in 2009 during one of the worst times. My wonderful employees agree to work their ass off for me; in return, I pay them a nice salary, all their health benefits, and other perks. You want more? I really can't afford more. If you take more, then I will be forced to thin out my roster, hurting the local and federal economy.

Its capitalism, and it works better than any other system derived to date; except when the government over-regulates.

An example of over-regulation:

Turning teen minds into a "free" college circus of entitlement. The government backed student loans was a gravy train for the colleges - so they raised their tuition again, and again, and again ... and made it illegal to wipe them with Chapter Bankruptcy.

Now, "Rich" people should pay for your poor decisions. If you went to college for game design, then you deserve that $xx,xxxx tuition bill for being that stupid. At the same time, I know so many people who didnt take out loans, who worked their way through college because they were actually hard and intelligent workers.

It is common practice for HS grads to *NOT* investigate their desired industry prior to getting on the hook for many thousands of dollars. The colleges certainly don't help them, but somehow - America is on the hook for the bleeding-heart liberal ideological of "everyone, including dummies, deserves a college education, a job, healthcare, food, clothes, cell phone, and weed at the expense of taxpayers."

If the whiners want to change anything, go march on Washington, and stop shitting in NYC Streets. It isn't Wall Street's fault for playing within the rules that government set forth. Its like blaming the cat for eating your tuna fish sandwich that you left unattended in the kitchen for eight hours.

Ultimately, this is why OWS makes little sense to anyone with half-a-brain.
 
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