Taxing the Rich does not kill Jobs

[AMT4SWA]

The real fact is no LIBERALS (large government creators of massive co-dependency) have ever BUILT a successful nation. The KEY mathematical principal that LIBERALS try to ignore is the FACT that at some point non-producers (those not willing to work or to build businesses) will overtake the production of the producers (those who work and/or build businesses) in a society. Once this happens it is all over with.....obligations exceed the production and down everything goes (economic failure).

You can't hide from the mathematical reality......the more you TAKE from the producers in society there is a line that once crossed it is all down hill.

 

[bugscoe]

Quote from AMT4SWA:

The real fact is no LIBERALS (large government creators of massive co-dependency) have ever BUILT a successful nation. The KEY mathematical principal that LIBERALS try to ignore is the FACT that at some point non-producers (those not willing to work or to build businesses) will overtake the production of the producers (those who work and/or build businesses) in a society. Once this happens it is all over with.....obligations exceed the production and down everything goes (economic failure).

You can't hide from the mathematical reality......the more you TAKE from the producers in society there is a line that once crossed it is all down hill.

Well said!

 

[omegapoint]

Quote from Ricter:

Whose money are they using to pay for those, their money? I don't think so...

"Since 1979, hourly earnings for 80 percent of American workers (those in private-sector, nonsupervisory jobs) have risen by just 1 percent, after inflation... For male workers, the average wage has actually slid by 5 percent since 1979. Worker productivity, meanwhile, has climbed 60 percent."

"From 1979 to 2005, a period when national output more than doubled, after-tax incomes inched up just 6 percent for the bottom fifth of American households after accounting for inflation, while it rose 21 percent for the middle fifth. For the top fifth, income jumped 80 percent and for the top 1 percent it more than tripled..."

From The Big Squeeze - Tough Times For The American Worker. Steven Greenhouse. 2008.

Thats all you need to know. All the rest is the cheerleading of whores.

 

[Scataphagos]

Quote from AMT4SWA:

"... You can't hide from the mathematical reality......the more you TAKE from the producers in society there is a line that once crossed it is all down hill.

I'm thinking that line has already been crossed.... it's just not clear to all yet.

 

[AAAintheBeltway]

Quote from Maverick74:

It's not a revenue problem, it's a spending problem. For every $1 the government takes in, it will find a way to spend a 1.50. We can raise taxes to 90%. The government will always spend more then it takes in. The tax rate is a moot point.

I nominate this for post of the decade.

Talk to me about raising taxes when all possible spending cuts have been enacted.

 

[Petsamo]

Quote from Ricter:

The WSJ came out in defence of the rich?! No way!

No, they gave facts. Now that's unusual!

 

[Petsamo]

Quote from Ricter:

... hourly earnings for 80 percent of American workers (those in private-sector, nonsupervisory jobs) have risen by just 1 percent ...

Go work for the public sector and unions. That's Where Obama has been shifting the money to, with all those spending increases.

 

[Petsamo]

This guy probably never worked at a factory or warehouse in his life:

Quote from Steven Greenhouse:

... hourly earnings for 80 percent of American workers ... have risen by just 1 percent. ... Worker productivity, meanwhile, has climbed 60 percent.

1 man and a forklift can load a 53' trailer in 30 minutes. Does that man deserve to be paid for all that productivity?

NO!

The investor who put money into that forklift deserves to get paid, along with
the forklift company,
the developer who put technology into that forklift,
the trucking company,
management who put all those elements together.
The worker is at the bottom of that totem pole.

Don't make me apply the same concept to a snow blower!

 

[Wallet]

Quote from AAAintheBeltway:

I nominate this for post of the decade.

Talk to me about raising taxes when all possible spending cuts have been enacted.

+100

 

[Gabfly1]

Quote from Ricter:

Whose money are they using to pay for those, their money? I don't think so...

"Since 1979, hourly earnings for 80 percent of American workers (those in private-sector, nonsupervisory jobs) have risen by just 1 percent, after inflation... For male workers, the average wage has actually slid by 5 percent since 1979. Worker productivity, meanwhile, has climbed 60 percent."

"From 1979 to 2005, a period when national output more than doubled, after-tax incomes inched up just 6 percent for the bottom fifth of American households after accounting for inflation, while it rose 21 percent for the middle fifth. For the top fifth, income jumped 80 percent and for the top 1 percent it more than tripled..."

From The Big Squeeze - Tough Times For The American Worker. Steven Greenhouse. 2008.

And thus ends the myth of supply side, trickle down "economics." The rich get disproportionately richer while everyone else indulges in stationary jogging. The promised trickle amounts to little more than an occasional drip. The US has the greatest income disparity of any industrialized nation, and that disparity has never been higher. To dismiss such a statistic is to be dangerously ignorant of the lessons of history.