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Stocks up, consumer spending down; Is Bush plan working?

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  • #46
    Originally posted by Victor Galis
    Yeah, but I'd rather see taxes cut to people than corporations. Dividend tax cut? Heh, I make like $3.20 in dividends each year, gee thanks. Most stocks nowadays don't even pay dividends. I challenge you to find one person who said "Wow, dividend taxes are so high, I think I'll invest elsewhere." Heck does anyone even look at dividends, when investing anymore?
    Buying stock doesn't necessarily mean that you are increasing business investment. Only new issues are used to invest in business expansion.
    I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
    - Justice Brett Kavanaugh

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    • #47
      I don't think you'll see much willingness to reinvest from the big guys at a time when the economy is still sluggish. More likely, they'll just pocket the money.

      What are they going to do? Just put it in their mattress?
      I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891

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      • #48
        The're going to buy stocks .

        And as the deficits increase they are going to buy bonds.
        I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
        - Justice Brett Kavanaugh

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        • #49
          Originally posted by Victor Galis
          What I really would have preffered to see instead, had we been able to afford a tax cut, would have been a provision eliminating the capital gains tax on the first $2,500 or so to encourage middle class investors. I don't think you'll see much willingness to reinvest from the big guys at a time when the economy is still sluggish. More likely, they'll just pocket the money.

          edit: Of course I would have liked some income tax cuts for lower and middle class people, but in reality, I don't much like tax cuts when the budget is already deep in the red.
          Victor, why not eliminate the cap gains tax on the first $25k? That way, you don't worry about shafting millions of elderly people who haven't had the benefit of 401(k) plans, while still maintaining the "progressivity" of such a tax.

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          • #50
            Because suggesting $25K, would possibly have a large impact on the budget deficit, and I don't have the numbers required to make a decision in that case.
            "The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists."
            -Joan Robinson

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            • #51
              This Bush tax cut is stupid. The problem with the economy is that consumers aren't spending. Business has an excess of inventory. I fail to see how giving business more tax cuts will help consumers spend. Target the tax cuts to poor and middle classes. They will spend. Trickle-up economics makes much more sense than the bullsh1t trickle-down.
              To us, it is the BEAST.

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              • #52
                Originally posted by Sava
                This Bush tax cut is stupid. The problem with the economy is that consumers aren't spending. Business has an excess of inventory. I fail to see how giving business more tax cuts will help consumers spend. Target the tax cuts to poor and middle classes. They will spend. Trickle-up economics makes much more sense than the bullsh1t trickle-down.




                Right.. so lets increase taxes. And by the way, the tax cuts are directed at the middle class. You don't care about the middle class, you only want to cut taxes for the poor while the middle class suffer more.
                For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

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                • #53
                  Fez, if you are going to respond to things I say, DON'T MAKE SH!T UP!
                  To us, it is the BEAST.

                  Comment

                  • #54
                    Originally posted by Sava
                    Fez, if you are going to respond to things I say, DON'T MAKE SH!T UP!
                    You make **** up. Like that quote in your signature.. I don't recall Eisenhower ever saying that out of all the quotations I have found.
                    For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

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                    • #55
                      Originally posted by Fez


                      You make **** up. Like that quote in your signature.. I don't recall Eisenhower ever saying that out of all the quotations I have found.
                      Likely not as Eisenhower has been dead since before you were born.

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                      • #56
                        Oooohhhh, Fezzy: http://www.maller.com/quotes/default...%20D.%20Eisenh

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                        • #57
                          Originally posted by Fez


                          You make **** up. Like that quote in your signature.. I don't recall Eisenhower ever saying that out of all the quotations I have found.
                          Dwight D. Eisenhower Quotes - The Quotations Page
                          http://www.quotationspage.com/quotes/Dwight_D._Eisenhower


                          Fez, your diahrea of the mouth needs to stop. I don't mind your usual right-wing/fascist blather, but when you make things up, put words in my mouth, and accuse me of saying the EXACT OPPOSITE OF WHAT I SAID; I get aggravated.

                          Case in point...
                          I said: "Target the tax cuts to poor and middle classes. They will spend."
                          You said: "You don't care about the middle class"
                          To us, it is the BEAST.

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                          • #58
                            Ike is ****ing great.
                            urgh.NSFW

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                            • #59
                              I also claim targeting the middle class with a tax cut. But I also want the rich to receive some benefits too as they pay the most taxes.

                              Likely not as Eisenhower has been dead since before you were born.
                              Read my post again.
                              For there is [another] kind of violence, slower but just as deadly, destructive as the shot or the bomb in the night. This is the violence of institutions -- indifference, inaction, and decay. This is the violence that afflicts the poor, that poisons relations between men because their skin has different colors. - Bobby Kennedy (Mindless Menance of Violence)

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                              • #60
                                So lets increase taxes. Send the demand down even further.
                                Who said anything about increasing taxes? I certainly didnt. There are better ways to stimulate the economy.
                                "Everything for the State, nothing against the State, nothing outside the State" - Benito Mussolini

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