The 'Tax Cut, For or Against' thread

[Ned]

With interest rates this low, now is the time to massively borrow.

Also, the increase in debt should expand the money supply to get us out of this deflation. If the economy begins to grow again, so will tax revenues, automatically shriking the deficit.

Go tax cuts!

[Odin]

We need to raise taxes and increase spending. The Bush tax cut was him just giving back to his campaign sponsors. When the economy is drowning you don't thow it an anchor, government spending is the life preserver of the economy, look at FDR!

[Imran Siddiqui]

We don't need to tank the economy further, Odin (which is what tax increases would do).

government spending is the life preserver of the economy, look at FDR!

*points at the 80s and 90s*

[Odin]

Originally posted by Imran Siddiqui
We don't need to tank the economy further, Odin (which is what tax increases would do).

*points at the 80s and 90s*

The corporations were doing good in the 80's, but if you say that the quality of life was good you are a MORON.

[MRT144]

Originally posted by Spiffor

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.

the idea im aiming for though is changing budgeting from people who make it a political issue, to people who have no reason to use it as a political issue. a board appointed by the representitives of the government every 8 years or so(say 8 elected by congress, 1 appointed by the president), to make budget, economic, etc etc decisions would take the ball out of the court of the dickslaps that campaign on an idea and put into action the ideas that arent the best for the nation.

these same ideas are applied in the federal reserve and supreme court and while they do make some political judgements for the most part that doesnt play an overriding theme in their decisions.

[Imran Siddiqui]

The corporations were doing good in the 80's, but if you say that the quality of life was good you are a MORON.

Nice to know you care .

The quality of life was doing good. Or would you rather prefer the higher tax, bigger government '70s?

[MRT144]

Originally posted by Ned
With interest rates this low, now is the time to massively borrow.

Also, the increase in debt should expand the money supply to get us out of this deflation. If the economy begins to grow again, so will tax revenues, automatically shriking the deficit.

Go tax cuts!

thats if the dolt in office doesnt think "hey we have more tax revenue, lets give people ANOTHER break"

the problem with bush is he would lower taxes no matter what happened economicly. lowering taxes in good times to supposedly give back to the people, and then lowering them again when people are on tough times. At what point do you end the spiral into tax cut madness?

[Kidlicious]

Originally posted by MRT144


the idea im aiming for though is changing budgeting from people who make it a political issue, to people who have no reason to use it as a political issue. a board appointed by the representitives of the government every 8 years or so(say 8 elected by congress, 1 appointed by the president), to make budget, economic, etc etc decisions would take the ball out of the court of the dickslaps that campaign on an idea and put into action the ideas that arent the best for the nation.

these same ideas are applied in the federal reserve and supreme court and while they do make some political judgements for the most part that doesnt play an overriding theme in their decisions.

The implementation of such a committee would destroy the justification for our tax system. Now taxes are justified by the benefits they provide. Since each voter has an equal voice in the tax and spend policy it is said that the tax system benefits the people equally. I don't think it would work as well if voters couldn't have a say, even if it did work better.

[Kidlicious]

The last\current recession is a good example of the effects of supply-side economics. True, there were no supply-side tax cuts leading up to it. But supply-side tax cuts are suppose to increase business investment. Business investment accelerated in the end of the nineties, while GDP increased at about the same rate as the early nineties. The result was oversupply. In fact there is still so much capacity in the economy that we will need significant demand stimulus to get us out of this hole. Anyone proposing supply-side stimulus at this time isn't paying attention to the current conditions or the recent past.