Larry Elder....really?

jem said:
Two decades of economic boom after Reagan.
Tax Revenues went up after Reagan.

Soviet Union fell in part due to his policies including the promise of star wars... putting the power in Gorbachevs hands instead of the generals.

Spending is D.C problem independent of Reagan.

Inflation is a Money Creation and in circulation problem...not necessarily a US Govt overspending problem.Borrowing should not lead to systemic inflation.

Why would you give two shits if Reagan was closeted?
His closet is his deal... not mine.
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Sad when the Liberal knows more about Conservative policies than the Republican. This acknowledging your recent move to center <gag>.

Recession of 92. Bush raised taxes and lost. Rapey Clinton balanced the budget. lol to Star Wars. Reagan and that r***** Laffer bankrupted this Country. Who mentioned inflation?

I don't care that Reagan was closeted, but considering his public policy stance was wildly homophobic... I would think gays cared that he was a hypocrite.

GOP responsible for all Crashes, wars and the ensuing debt. Save for Cake Boy Reagan... no wars to blame. Just stupidity.
 
Mercor said:
I just want people to pay their fair share
Why do the bottom 50% who earn 11.6% of income only pay 2.6% of taxes
The top 1% earn 21% of income and pay 40% of taxes...This is ok..They are paying more then their fair share

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You mean income taxes. The truth is when you add all taxes the tax burden shifts dramatically.

The income tax system is progressive, meaning different levels of income are taxed at different rates because it takes a certain amount of income to provide for oneself. The first forty thousand dollars of a billionaires income is taxed at a much lower rate than the income above $400k. This is no different for anyone.

A way we can fix this is to end the cap on payroll taxes. We could actually lower income taxes dramatically across the board if we did so and have a much more fair tax system.
 
I have been similar to Ron Paul and Senator Paul for a long time.... as I saw the Gop promise to govern one way and then do the opposite.
Especially after I saw how poorly and corruptly the occupation of Iraq was handled.


I found myself making similar arguments to the arguments my neighbor had with my dad when I was in elementary school. My neighbor was a NY times editor... and I remember his arguing with my dad about how corrupt all the govt was. My dad was unwilling to accept that as he was a lawyer for a big oil company...

I believe our institutions have change dramatically over the last few decades...

I posted this before... but the retired President of a large oil company (who was friends with my dad) said at dinner (about 20 years ago) the problem with Congress today is that they are not our crooks anymore.

B. Regarding Bush... I voted for Perot..

c. Laffer curve is conceptually accurate. At some levels lowering taxes will lead to increased revenues. And at some point raising taxes will decrease revenues. (we have seen that happen many times in many countries and vice versa)

The real question is where are we on the curve... and what is going on with all the other variables including money creation by national banks.


destriero said:
Sad when the Liberal knows more about Conservative policies than the Republican. This acknowledging your recent move to center <gag>.

Recession of 92. Bush raised taxes and lost. Rapey Clinton balanced the budget. lol to Star Wars. Reagan and that r***** Laffer bankrupted this Country. Who mentioned inflation?

I don't care that Reagan was closeted, but considering his public policy stance was wildly homophobic... I would think gays cared that he was a hypocrite.

GOP responsible for all Crashes, wars and the ensuing debt. Save for Cake Boy Reagan... no wars to blame. Just stupidity.
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UsualName said:
A way we can fix this is to end the cap on payroll taxes. We could actually lower income taxes dramatically across the board if we did so and have a much more fair tax system.
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The SS system is a fund not a tax....If you collect more then could actuarial be repaid it becomes a tax and that is illegal
https://www.ssa.gov/history/court.html
Actuarial studies were done to determine what the contribution rate would need to be in order to have sufficient reserves in the account to pay anticipated benefits. In the popular understanding of the program, the contributions established an "earned right" to the eventual benefits. President Roosevelt strenuously objected to any attempt to introduce general revenue funding into the program.
 
Mercor said:
The SS system is a fund not a tax....If you collect more then could actuarial be repaid it becomes a tax and that is illegal
https://www.ssa.gov/history/court.html
Actuarial studies were done to determine what the contribution rate would need to be in order to have sufficient reserves in the account to pay anticipated benefits. In the popular understanding of the program, the contributions established an "earned right" to the eventual benefits. President Roosevelt strenuously objected to any attempt to introduce general revenue funding into the program.
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So what, change the law then.
 
jem said:
I have been similar to Ron Paul and Senator Paul for a long time.... as I saw the Gop promise to govern one way and then do the opposite.
Especially after I saw how poorly and corruptly the occupation of Iraq was handled.


I found myself making similar arguments to the arguments my neighbor had with my dad when I was in elementary school. My neighbor was a NY times editor... and I remember his arguing with my dad about how corrupt all the govt was. My dad was unwilling to accept that as he was a lawyer for a big oil company...

I believe our institutions have change dramatically over the last few decades...

I posted this before... but the retired President of a large oil company (who was friends with my dad) said at dinner (about 20 years ago) the problem with Congress today is that they are not our crooks anymore.

B. Regarding Bush... I voted for Perot..

c. Laffer curve is conceptually accurate. At some levels lowering taxes will lead to increased revenues. And at some point raising taxes will decrease revenues. (we have seen that happen many times in many countries and vice versa)

The real question is where are we on the curve... and what is going on with all the other variables including money creation by national banks.
More...

Laffer is a failed RIA, but more to the point, you don't understand the trajectory. The curve suggests that RAISING taxes beyond a certain figure is detrimental to raising further taxes. There is no empirical evidence, nor arguments within the theory, or points on his BS elasticity curve which reads that reducing taxes to n-level results in n-increase in output. It's all a scam. But yeah, if you raise taxation to 100% it's going to be tough to collect.

Dude, I went to Booth. It's not a community college in San Diego. Laffer is a hack. A clown. Ask Kansas how they did under the duo of Brownback and Laffer. From 3rd best economy to 45th.
 
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El OchoCinco said:
The fact that you believe a Governor was going to walk in and suddenly fixed waelth income disparities as a GOP no less show a teeny tiny bit of naivete...
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No I'm totally aware of that. Read what I wrote again... " at least tried to right the ship."
Keyword there is "tried". The journey of 1000 miles starts with one step.
 
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