Home › Forums › Financial Markets/Economics › State Budgets: Day of Reckoning
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December 22, 2010 at 9:31 PM #645159December 23, 2010 at 9:39 AM #644140
briansd1
Guest[quote=SK in CV]
The problem with supply-siders is, they tell the lies so often they actually believe it [/quote]Same goes for the estate tax killing small family farms. That’s also a big fat lie.
Of course, the foot soldiers, who are never affected by higher taxes and estate taxes, mindlessly repeat the sound bites of Mitch McConnell, Haley Barbour and Glenn Beck. No critical thinking whatsoever.
December 23, 2010 at 9:39 AM #644212briansd1
Guest[quote=SK in CV]
The problem with supply-siders is, they tell the lies so often they actually believe it [/quote]Same goes for the estate tax killing small family farms. That’s also a big fat lie.
Of course, the foot soldiers, who are never affected by higher taxes and estate taxes, mindlessly repeat the sound bites of Mitch McConnell, Haley Barbour and Glenn Beck. No critical thinking whatsoever.
December 23, 2010 at 9:39 AM #644792briansd1
Guest[quote=SK in CV]
The problem with supply-siders is, they tell the lies so often they actually believe it [/quote]Same goes for the estate tax killing small family farms. That’s also a big fat lie.
Of course, the foot soldiers, who are never affected by higher taxes and estate taxes, mindlessly repeat the sound bites of Mitch McConnell, Haley Barbour and Glenn Beck. No critical thinking whatsoever.
December 23, 2010 at 9:39 AM #644928briansd1
Guest[quote=SK in CV]
The problem with supply-siders is, they tell the lies so often they actually believe it [/quote]Same goes for the estate tax killing small family farms. That’s also a big fat lie.
Of course, the foot soldiers, who are never affected by higher taxes and estate taxes, mindlessly repeat the sound bites of Mitch McConnell, Haley Barbour and Glenn Beck. No critical thinking whatsoever.
December 23, 2010 at 9:39 AM #645249briansd1
Guest[quote=SK in CV]
The problem with supply-siders is, they tell the lies so often they actually believe it [/quote]Same goes for the estate tax killing small family farms. That’s also a big fat lie.
Of course, the foot soldiers, who are never affected by higher taxes and estate taxes, mindlessly repeat the sound bites of Mitch McConnell, Haley Barbour and Glenn Beck. No critical thinking whatsoever.
December 23, 2010 at 12:02 PM #644205Anonymous
Guest[quote=Hobie]He is not going to give away his product, but at a discount, he will gain volume thus more profit. [/quote]
You really haven’t thought this through, have you?
Just lower prices and you make more money?
I suppose the guy offering an 80% discount is going to make even more money than the schmuck offering 40%.
It’s not a “lib” vs. “conservative” thing. It’s simple arithmetic.
Even though you’ve just flunked the first exam in Econ 101, the real problem is what you are trying to say has nothing to do with tax policy.
Price/volume relationships have nothing do with taxes. People don’t “buy” more taxes when the price goes down.
December 23, 2010 at 12:02 PM #644277Anonymous
Guest[quote=Hobie]He is not going to give away his product, but at a discount, he will gain volume thus more profit. [/quote]
You really haven’t thought this through, have you?
Just lower prices and you make more money?
I suppose the guy offering an 80% discount is going to make even more money than the schmuck offering 40%.
It’s not a “lib” vs. “conservative” thing. It’s simple arithmetic.
Even though you’ve just flunked the first exam in Econ 101, the real problem is what you are trying to say has nothing to do with tax policy.
Price/volume relationships have nothing do with taxes. People don’t “buy” more taxes when the price goes down.
December 23, 2010 at 12:02 PM #644856Anonymous
Guest[quote=Hobie]He is not going to give away his product, but at a discount, he will gain volume thus more profit. [/quote]
You really haven’t thought this through, have you?
Just lower prices and you make more money?
I suppose the guy offering an 80% discount is going to make even more money than the schmuck offering 40%.
It’s not a “lib” vs. “conservative” thing. It’s simple arithmetic.
Even though you’ve just flunked the first exam in Econ 101, the real problem is what you are trying to say has nothing to do with tax policy.
Price/volume relationships have nothing do with taxes. People don’t “buy” more taxes when the price goes down.
December 23, 2010 at 12:02 PM #644992Anonymous
Guest[quote=Hobie]He is not going to give away his product, but at a discount, he will gain volume thus more profit. [/quote]
You really haven’t thought this through, have you?
Just lower prices and you make more money?
I suppose the guy offering an 80% discount is going to make even more money than the schmuck offering 40%.
It’s not a “lib” vs. “conservative” thing. It’s simple arithmetic.
Even though you’ve just flunked the first exam in Econ 101, the real problem is what you are trying to say has nothing to do with tax policy.
Price/volume relationships have nothing do with taxes. People don’t “buy” more taxes when the price goes down.
December 23, 2010 at 12:02 PM #645314Anonymous
Guest[quote=Hobie]He is not going to give away his product, but at a discount, he will gain volume thus more profit. [/quote]
You really haven’t thought this through, have you?
Just lower prices and you make more money?
I suppose the guy offering an 80% discount is going to make even more money than the schmuck offering 40%.
It’s not a “lib” vs. “conservative” thing. It’s simple arithmetic.
Even though you’ve just flunked the first exam in Econ 101, the real problem is what you are trying to say has nothing to do with tax policy.
Price/volume relationships have nothing do with taxes. People don’t “buy” more taxes when the price goes down.
December 23, 2010 at 12:02 PM #644210Hobie
ParticipantSK: Thanks for pointing out that revenues contain more variables than simply a tax rate(s). If spending were fixed and we don’t complicate the issue by factoring in inflation, population growth, business cycle, environmental costs, etc. the premise holds.
If someone or company keeps more of the money they make ie. smaller tax liability, they will spend it– creating a taxable event!
It is really human nature and Laffer did a great job illustrating it. If the politicians can keep their hands off the checkbook under a lower tax rate, revenues will increase.
December 23, 2010 at 12:02 PM #644282Hobie
ParticipantSK: Thanks for pointing out that revenues contain more variables than simply a tax rate(s). If spending were fixed and we don’t complicate the issue by factoring in inflation, population growth, business cycle, environmental costs, etc. the premise holds.
If someone or company keeps more of the money they make ie. smaller tax liability, they will spend it– creating a taxable event!
It is really human nature and Laffer did a great job illustrating it. If the politicians can keep their hands off the checkbook under a lower tax rate, revenues will increase.
December 23, 2010 at 12:02 PM #644861Hobie
ParticipantSK: Thanks for pointing out that revenues contain more variables than simply a tax rate(s). If spending were fixed and we don’t complicate the issue by factoring in inflation, population growth, business cycle, environmental costs, etc. the premise holds.
If someone or company keeps more of the money they make ie. smaller tax liability, they will spend it– creating a taxable event!
It is really human nature and Laffer did a great job illustrating it. If the politicians can keep their hands off the checkbook under a lower tax rate, revenues will increase.
December 23, 2010 at 12:02 PM #644997Hobie
ParticipantSK: Thanks for pointing out that revenues contain more variables than simply a tax rate(s). If spending were fixed and we don’t complicate the issue by factoring in inflation, population growth, business cycle, environmental costs, etc. the premise holds.
If someone or company keeps more of the money they make ie. smaller tax liability, they will spend it– creating a taxable event!
It is really human nature and Laffer did a great job illustrating it. If the politicians can keep their hands off the checkbook under a lower tax rate, revenues will increase.
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