Clinton's Hostile Preschool Takeover

[GaryC 7]

But you surely admit that there must be more to the running of the economy than the tax rate. Government spending for instance.

Yes, there is more to it than that. But I doubt if you will like my other ideas since I am a free market type. But I do agree that government spending is out of control. I would like to see earmarks outlawed. If congress wants to give money for a project then let the congress vote on each spending bill one at a time.

[w¡n9Nµ7 §£@¥€r 123]

would like to see earmarks outlawed. If congress wants to give money for a project then let the congress vote on each spending bill one at a time.

[w¡n9Nµ7 §£@¥€r 123]

All I know is my own personal experience. I have better jobs and better pay after tax cuts and I tend to have worse job security and cutbacks when they raise taxes.

And in coming to this observation, was your personal skillset static? If not, how do you control for it?

[Trumplestiltskin 5,791]

Economics is very complicated. It really can't be dumbed down like that. The number of variables in almost any real-life scenario you can think of is more than 1.

I think that's the problem with discussing topics like this on a public forum. Jumping to absolute positions of fact when none in fact exist speaks more for politics than it does for economics.

[Trumplestiltskin 5,791]

But you surely admit that there must be more to the running of the economy than the tax rate. Government spending for instance.

Yes, there is more to it than that. But I doubt if you will like my other ideas since I am a free market type. But I do agree that government spending is out of control. I would like to see earmarks outlawed. If congress wants to give money for a project then let the congress vote on each spending bill one at a time.

More that I find it hard to understand how blue collar workers can see substantive differences in quality of life from an economic theory that overwhelmingly favours the rich.

[GaryC 7]

All I know is my own personal experience. I have better jobs and better pay after tax cuts and I tend to have worse job security and cutbacks when they raise taxes.

And in coming to this observation, was your personal skillset static? If not, how do you control for it?

My skillset wasn't static but the field I am in remained the same. I have worked in the manufacturing field and you can see the effects of the government policies. I am fortunate enough to have weathered the storms because of my experience but many of my less skilled friends were not. When you tax the rich and big business they draw back. When they draw back people like you and I pay the price. The rich still stay rich but the middle and lower class pay the price. I see the call for taxing the rich and the successful business's as a class envy thing. It sounds good when a politician says it but the results are very bad for everyone but the rich.

[GaryC 7]

But you surely admit that there must be more to the running of the economy than the tax rate. Government spending for instance.

Yes, there is more to it than that. But I doubt if you will like my other ideas since I am a free market type. But I do agree that government spending is out of control. I would like to see earmarks outlawed. If congress wants to give money for a project then let the congress vote on each spending bill one at a time.

More that I find it hard to understand how blue collar workers can see substantive differences in quality of life from an economic theory that overwhelmingly favours the rich.

It's simple. The rich provide the jobs to the rest. If the rich are doing well then there are more jobs and more money for raises. I see it every day.

[w¡n9Nµ7 §£@¥€r 123]

Gary,

I'm not going to argue your basic point that when taxes are raised beyond a certain point, investment is cut back. However, the trick lies in determining where that 'certain point' lies. If the government were to increase the top tax bracket by a quarter percentage point, the impact of that on investment will almost certainly be less than if the increase were, say, two percentage points. In fact, with the former, the impact may even be negligible.

But you surely admit that there must be more to the running of the economy than the tax rate. Government spending for instance.

Yes, there is more to it than that. But I doubt if you will like my other ideas since I am a free market type. But I do agree that government spending is out of control. I would like to see earmarks outlawed. If congress wants to give money for a project then let the congress vote on each spending bill one at a time.

More that I find it hard to understand how blue collar workers can see substantive differences in quality of life from an economic theory that overwhelmingly favours the rich.

It's simple. The rich provide the jobs to the rest.

This is very true. I've spent my entire working career working for large, publicly-owned corporations. If Wall Street takes a dump, so will I.

[Trumplestiltskin 5,791]

But you surely admit that there must be more to the running of the economy than the tax rate. Government spending for instance.

Yes, there is more to it than that. But I doubt if you will like my other ideas since I am a free market type. But I do agree that government spending is out of control. I would like to see earmarks outlawed. If congress wants to give money for a project then let the congress vote on each spending bill one at a time.

More that I find it hard to understand how blue collar workers can see substantive differences in quality of life from an economic theory that overwhelmingly favours the rich.

It's simple. The rich provide the jobs to the rest. If the rich are doing well then there are more jobs and more money for raises. I see it every day.

I have to say I'm rather sceptical about that - growing up in the 80's and 90's where my dad (a skilled engineer lost his job several times) more or less as a direct result of Margaret Thatcher's implementation of Reagan's economic policies.

As far as that goes - supply-side economics (liberal economics) is a radical theory that is pretty far from the mainstream.

[Ban Hammer 13,334]

If Wall Street takes a dump, so will I.

so that explains why that was on the calendar!

[natty bumppo 297]

If Wall Street takes a dump, so will I.

so that explains why that was on the calendar!

it wasn't a seagull ?

[Mr. Big Dog 10,747]

I direct you both to the second post. If they are smart enough to win the Nobel Prize in economics I would say that they are in a better position than any of us here to judge what is the truth about the tax cuts.

Are you equally appreciative of the Nobel committee when it comes to Carter's peace Nobel price award?

[Ban Hammer 13,334]

I direct you both to the second post. If they are smart enough to win the Nobel Prize in economics I would say that they are in a better position than any of us here to judge what is the truth about the tax cuts.

Are you equally appreciative of the Nobel committee when it comes to Carter's peace Nobel price award?

um, right.........

[Trumplestiltskin 5,791]

I direct you both to the second post. If they are smart enough to win the Nobel Prize in economics I would say that they are in a better position than any of us here to judge what is the truth about the tax cuts.

Are you equally appreciative of the Nobel committee when it comes to Carter's peace Nobel price award?

Or Yasser Arafat