The 'Tax Cut, For or Against' thread

[Imran Siddiqui]

The benefits of tax cuts would only really them useful during surpluses.

But that's when they do the least benefit. That might increase inflation more than wanted. Taxes during downturns help in the recovery phase. Deficit spending isn't all bad, and may be necessary in some respects to lessen the effects of recession/depression.

Remember, FDR 'New Deal' had monsterous deficits (even more, as a percentage of GDP than the 80s, 90s, or today). In stagnant growth, deficit could be just what the doctor ordered.

[Kidlicious]

Originally posted by Caligastia


If you give me all your money I promise to spend it wisely.

That's not how it works. Taxes are suppose to be spent to benefit us. If they don't benefit us they aren't spent wisely

[Kidlicious]

Originally posted by Imran Siddiqui

The benefits of tax cuts would only really them useful during surpluses.

But that's when they do the least benefit. That might increase inflation more than wanted. Taxes during downturns help in the recovery phase. Deficit spending isn't all bad, and may be necessary in some respects to lessen the effects of recession/depression.

Remember, FDR 'New Deal' had monsterous deficits (even more, as a percentage of GDP than the 80s, 90s, or today). In stagnant growth, deficit could be just what the doctor ordered.

A budget surplus pumps money into the economy though the purchase of debt, right? If you cut taxes and balance the budget that would also be an injection into the economy. So either way there is an injection, and I wont bother arguing which injection would be largest.

[MRT144]

Originally posted by Imran Siddiqui

The benefits of tax cuts would only really them useful during surpluses.

But that's when they do the least benefit. That might increase inflation more than wanted. Taxes during downturns help in the recovery phase. Deficit spending isn't all bad, and may be necessary in some respects to lessen the effects of recession/depression.

Remember, FDR 'New Deal' had monsterous deficits (even more, as a percentage of GDP than the 80s, 90s, or today). In stagnant growth, deficit could be just what the doctor ordered.

i agree with tax cuts being completely useless during great economic times. wasnt bush advocating tax cuts before the economy became lame as a gimp?

The only other problem i have with tax cuts are they shouldnt be so massive for obvious cyclical downturns in the market. I wouldnt have a problem of say a 250 billion progressive tax cut directed solely at the people who make less than 100k.

[Caligastia]

Originally posted by Kidicious


That's not how it works. Taxes are suppose to be spent to benefit us. If they don't benefit us they aren't spent wisely

Money you had to earn is a lot more likely to be spent well than money that is given to you no matter how badly you spend it. The government doesn't have to earn tax money, so it's not very likely that it will be spent wisely - and it isn't.

[Imran Siddiqui]

wasnt bush advocating tax cuts before the economy became lame as a gimp?

Yeah, it's a moral position for him. Less taxes are morally right for Bush.

The only other problem i have with tax cuts are they shouldnt be so massive for obvious cyclical downturns in the market.

I'd be inclined to agree with you, but political pressures won't let that happen. The worst thing a President can do during a downturn is nothing.

[Spiffor]

Originally posted by Imran Siddiqui

wasnt bush advocating tax cuts before the economy became lame as a gimp?

Yeah, it's a moral position for him. Less taxes are morally right for Bush.

For a moment, I thought it was the 'Bush is highly intelligent' thread
Well, we can criticize his dumbness in other threads too

[Kidlicious]

Originally posted by Caligastia


Money you had to earn is a lot more likely to be spent well than money that is given to you no matter how badly you spend it. The government doesn't have to earn tax money, so it's not very likely that it will be spent wisely - and it isn't.

That's what the political system is for, and for the most part we benefit just as much from the way our taxes are spent as we do from the way we spend the rest of our paycheck.

[Caligastia]

Originally posted by Kidicious


That's what the political system is for

...spending money unwisely?? The truth comes out.

, and for the most part we benefit just as much from the way our taxes are spent as we do from the way we spend the rest of our paycheck.

I would prefer to spend my money myself thanks.

[Kidlicious]

Originally posted by Spiffor

For a moment, I thought it was the 'Bush is highly intelligent' thread
Well, we can criticize his dumbness in other threads too

Actually, if you look at the poll results you are correct to assume that this is a criticize his dumbness thread

[Kidlicious]

Originally posted by Caligastia
...spending money unwisely?? The truth comes out.

clever you

[MRT144]

Originally posted by Imran Siddiqui

wasnt bush advocating tax cuts before the economy became lame as a gimp?

Yeah, it's a moral position for him. Less taxes are morally right for Bush.

The only other problem i have with tax cuts are they shouldnt be so massive for obvious cyclical downturns in the market.

I'd be inclined to agree with you, but political pressures won't let that happen. The worst thing a President can do during a downturn is nothing.

And thats the problem with taxes in america. I wish an independent body such as the Federal reserve could make macro tax decisions rather than an elected official and a group of elected officials.

If you make tax cuts a moral issue then youre obviously not going to make the right decision at the right time. Youre going to make the same decision good or bad all the time consequences be damned.

and its sad that political pressures are the ones that guide the policies of america rather than the common good of the people.

[Spiffor]

Originally posted by MRT144
And thats the problem with taxes in america. I wish an independent body such as the Federal reserve could make macro tax decisions rather than an elected official and a group of elected officials.

That was a troll, right ?
The setting up of the budget is one of the most important decisions still taken by people representing the people's will. If you get rid of it, you can scrap democracy altogether.

For example, if I feel the state spends way too much on military and police, I will obviously vote for someone who makes other fields as its priority. No way I give up such a right.

[Kidlicious]

If people could just be smarter.

[Imran Siddiqui]

I wish an independent body such as the Federal reserve could make macro tax decisions rather than an elected official and a group of elected officials.

sad that political pressures are the ones that guide the policies of america rather than the common good of the people.

That is the problem with a democratic government. The people themselves normally don't do what is for the 'common good'. They want to get out of the recession NOW, and get their jobs back and who cares about the future. Westerners are very short sighted about things.

If you take economic decisions out of elected bodies, it would never pass a Constitutional amendment and would be utterly ripped apart. The sad truth is that the people want to be able to make decisions on economics (through their elected reps) and not give it to other people.

Remember, Bush 1 did nothing about the '91 recession (really) and it was extremely short, because he realized that it was merely a cyclical boom and anything he did would make the future consequences worse. He did the smart thing (IMO) but it cost him come election time.