HappySqurriel said:
Tigerlure said:
ManusJustus said:
salaminizer said:
Obama RADICAL SOCIALIST hahahah
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Obama is nothing compared to Johnson, Eisehower, Roosevelt, and heck any other Democrat or Republican before Reagan. Before the 1980's, the rich were taxed 70% of their income, and America's economy was a powerhouse. Now our economy is weak and idiots on both sides of the political spectrum think that handing money to rich people will magically create jobs. Supply doesnt drive the economy, demand drives the economy! They teach that in economics 101.
John Maynard Keynes is rolling in is grave, or laughing.
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I only wish some people on this site would realize this. If tax cuts created jobs (no good evidence supporting they do), the American economy would be more than wealthy by now.
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Its not just "lower taxes" it is the net cost of doing business in a region/country ...
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The only thing that matters is if there is money to be made. Tax the wealthy 80% of their income and they will still start businesses and hire workers to make a profit and meet demand, just like America in the 1950's. You could not tax the wealthy at all, heck you can give them money, but they won't create jobs unless there is money to be made meeting demand.
Thats the lesson that both the Republicans and Democrats should have learned with the Bush and Obama tax cuts.
