I no longer believe in capitalism. At all.

[Ben Kenobi]

Gribbler,

The only person who's even referred to black people is you. Why so racist?

[Ben Kenobi]

Yes, but he will have to pay more in consumption tax, and he won't get tax credits and tax deductions like he does with the income tax.

Let's say for sake of argument, that the consumption tax exactly balances with the former income tax.

Income tax takes that plus extra off of your paycheck before you even see it. Consumption tax will make stuff cost more.

Would you rather pay up twice a month on the first or fifteeth, or would you rather have the entire amount to do with as you see fit?

[Kidlicious]

Let's say for sake of argument, that the consumption tax exactly balances with the former income tax.

Income tax takes that plus extra off of your paycheck before you even see it. Consumption tax will make stuff cost more.

Would you rather pay up twice a month on the first or fifteeth, or would you rather have the entire amount to do with as you see fit?

I suppose I would rather have a bigger check, but you still haven't given any reason to believe that my tax would be the same if you lower rich people's tax and you still expect to collect the same amount of total tax.

[giblets]

I suppose I would rather have a bigger check, but you still haven't given any reason to believe that my tax would be the same if you lower rich people's tax and you still expect to collect the same amount of total tax.

Ben believes in magic. Coincidentally, you seem to too.

[Ben Kenobi]

you lower rich people's tax and you still expect to collect the same amount of total tax.

I don't. I expect to collect more.

The economy should be growing over and above inflation. Since Obama took over in 2008 - it's not done so. It's shrank both in real and nominal terms.

A lower percentage of a larger pie means more revenue. Cutting taxes and cutting spending will stimulate real economic growth, something that's not been present in America as a whole for quite some time.

[Ben Kenobi]

Ben believes in magic.

"Science is the great antidote to the poison of enthusiasm and superstition..."

[Elok]

The hell did you people do to my thread?

AHEM...

The scalp stimulating hair rejuvenator: is $219.95 excessive? Discuss.

[Kidlicious]

I don't. I expect to collect more.

The economy should be growing over and above inflation. Since Obama took over in 2008 - it's not done so. It's shrank both in real and nominal terms.

A lower percentage of a larger pie means more revenue. Cutting taxes and cutting spending will stimulate real economic growth, something that's not been present in America as a whole for quite some time.

You don't know if the economy will grow or not. I think we are about done here.

[Ben Kenobi]

You don't know if the economy will grow or not.

All else being equal (there's that phrase again. ) we can act in a fashion beneficial to growth in the economy, or act in a fashion detrimental to growth in the economy. If the latter, we would greatly hinder the recovery when it does come.

[Kidlicious]

All else being equal (there's that phrase again. ) we can act in a fashion beneficial to growth in the economy, or act in a fashion detrimental to growth in the economy. If the latter, we would greatly hinder the recovery when it does come.

Nope. You don't know if it will help or hinder. Even cutting taxes doesn't always show any effect.

[Fake Boris]

An insane distortionary system that causes people to choose to own their residence rather than rent.

And still no word of subprimes.

Those are excellent programs, but need to be unlimited. They cover 90% of people but not 90% of savings.

Of course it won't cover 90% of savings. If you can save more than this, I'm not particularly concerned by the amount of taxes you pay.

[Ben Kenobi]

Nope. You don't know if it will help or hinder.

Yes, I do know. Cutting taxes and spending will provoke long term economic growth. I can look at history and point out plenty of examples where past presidents have done just that - when the market was gripped with panic they simply cut taxes and spending and otherwise did nothing. The recovery was swift and sharp as their decision to let the market sort itself out.

I suggest you examine the career of Andrew Mellon.

[Kidlicious]

Yes, I do know. Cutting taxes and spending will provoke long term economic growth. I can look at history and point out plenty of examples where past presidents have done just that - when the market was gripped with panic they simply cut taxes and spending and otherwise did nothing. The recovery was swift and sharp as their decision to let the market sort itself out.

I suggest you examine the career of Andrew Mellon.

Why would you need to go back in history? Do you recall the Bush tax cuts nd the tax relief act of 2010?

[Ben Kenobi]

Why would you need to go back in history? Do you recall the Bush tax cuts nd the tax relief act of 2010?

When was the last year the federal government spent less than the year previous?

[Kidlicious]

When was the last year the federal government spent less than the year previous?

Y = C + I + G + E