Archived

This topic is now archived and is closed to further replies.

North Carolina goes to a flat tax, other tax reforms too

98 posts in this topic

Posted · Report post

This reminds me a lot of 30 years ago when President Reagan instituted trickle down tax cuts for the rich and the supporters said, "wait a few years, you'll see".

 

30 years later and we're still waiting.

Share this post


Link to post
Share on other sites

Posted · Report post

This reminds me a lot of 30 years ago when President Reagan instituted trickle down tax cuts for the rich and the supporters said, "wait a few years, you'll see".

30 years later and we're still waiting.




Just take a look at the unemployment rate when he came in office and when he left.


And he didn't even have an economic boom created by the internet bubble to take credit for.

Share this post


Link to post
Share on other sites

Posted · Report post

Cuz the peanut farmer Jimmy Carter was doing such a great job, Half a mile lines for gas, Unemployment at record highs since the Great Depression, And not to mention how he made America look like a pussy during iran-contra.
1 person likes this

Share this post


Link to post
Share on other sites

Posted · Report post

It's as of Fords "Whip Inflation Now" buttons never existed!

Share this post


Link to post
Share on other sites

Posted · Report post

You want to see what unbridled liberalism creates take a ride up to Detroit.


God damn third world city in the middle of America.

Share this post


Link to post
Share on other sites

Posted · Report post

Just take a look at the unemployment rate when he came in office and when he left.


And he didn't even have an economic boom created by the internet bubble to take credit for.

 

Carter cannot be blamed for the double-digit inflation that peaked on his watch, because inflation started growing in 1965 and snowballed for the next 15 years. To battle inflation, Carter appointed Paul Volcker as Chairman of the Federal Reserve Board, who defeated it by putting the nation through an intentional recession. Once the threat of inflation abated in late 1982, Volcker cut interest rates and flooded the economy with money, fueling an expansion that lasted seven years. Neither Carter nor Reagan had much to do with the economic events that occurred during their terms.

http://www.huppi.com/kangaroo/L-carterreagan.htm

Share this post


Link to post
Share on other sites

Posted · Report post

If all you critics of trickle down were right, we'd have an economy where the rich get a lot richer while regular people can't get jobs!

Share this post


Link to post
Share on other sites

Posted · Report post

 

Tax cuts were supposed to have spurred economic recovery by liberating the tax dollars of entrepreneurs and allowing them to invest them in greater productivity and jobs. However, such greater investment never occurred. It appears that the rich simply pocketed the savings, because investment fell during the 80s:

Private investment (4)

1970 - 1979   18.6%
1980 - 1992   17.4

So there is no evidence that the conservative revisionism is true.

http://www.huppi.com/kangaroo/L-carterreagan.htm

 

 

Share this post


Link to post
Share on other sites

Posted · Report post

You want to see what unbridled liberalism creates take a ride up to Detroit.


God damn third world city in the middle of America.


Or San Francisco, New York, Seattle,

Please give me a city that is a beacon of conservatism

Islamabad, Tehran, and Kabul,

Share this post


Link to post
Share on other sites

Posted · Report post

In N.Y you cant buy a big gulp so your argument is irrelevant.



But in all seriousness, there isn't one and that's the problem.



About 35 years ago California was a republic was Republican state, now look at it.
You guys won, you guys won 20 years ago.

Its not getting any better, but keep on blaming conservetives even though theyve been the minority, and have been since 2006. That 7 years.

Share this post


Link to post
Share on other sites

Posted · Report post

 

Note the difference:

 

The article I posted actually uses statistical data and cites sources.  

1. Inflation: U.S. Bureau of Labor Statistics, CPI-U (1982-84=100), not seasonally adjusted, table CUUR0000SA0. Unemployment: U.S. Bureau of Labor Statistics, Series ID : lfs21000000.

2. Office of Management and Budget, Budget of the United States Government, Fiscal Year 1997, Historical Table 1.2

3. Where We Stand, by Michael Wolff, Peter Rutten, Albert Bayers III, eds., and the World Rank Research Team (New York: Bantam Books, 1992), p. 143.

4. Paul Krugman, Peddling Prosperity, (New York: W.W. Norton & Company, 1994), pp. 126-127.

http://www.huppi.com/kangaroo/L-carterreagan.htm

 

Sadly, yours is just another baseless right wing opinion piece and you know what they say about opinions.

 

In fact here is the website you linked to:  SH_newlogo.png 

Share this post


Link to post
Share on other sites