Smitty & Stevenash - When Will The Wealth Trickle Down?

[smitty]

How is poverty trickling up when the rich are getting significantly richer? I thought wealth was supposed to trickle down?

 

 

ChosenOne, let's not rewrite history.  The fact of the matter is that the eight years under Reagan, we had an unprecedented economic boom.  Taxes were cut -- BUT -- revenue to the Treasury DOUBLED!  People were working and the country was doing fine.  In order to have a trickle down effect you have to have a booming economy.  What do you see that now?  NEGATIVE 1% contraction in the economy!

You answer me this:  Why so many people on welfare and food stamps under obama?  You can answer me one other thing:  If a booming economy that trickles down doesn't work -- then educate us -- what does work!?! 

[smitty]

billionaires should not pay less in taxes then their secretaries. (Warren Buffet said he paid less then his assistant. Didnt Romney pay only 13%?. Why do they cap fica taxes at I believe 110,000

BigGirl, how does making other people pay more taxes help you?  How does it make your life any better?

[jv_coach]

We agree. Why can't Smitty, Stevenash and jv_coach be more reasonable like you?

 

If someone has different viewpoints then they're automatically labeled a communist or socialist.. but then get mad when someone wrongly labels them a racist.

When you want to spread the wealth you are a communist/socialist. To put it another way you have a different viewpoint a viewpoint that is communist/socialist 

[jv_coach]

A message to all Americans:

Out of this time of distorted history and confused ideas comes a story. A story, not taught in schools anymore and known by few Americans.

This is a story of Socialism and Communism.
This is a story of America.
This is a true story.

Americans do not need to listen to Socialist professors and teachers , with their misguided agenda, or hear speeches by the progressive left on the wonderful benefits of Socialism to find evidence of failure and the simple truth about this ideology. All we simply need to do is look back at one of the most celebrated groups of people in our history: 
The Pilgrims

What most Americans do know is that the Pilgrims, landed in Massachusetts in 1620.
What many don’t know is that the original economic system in many colonies, was a form of:

Socialism and Communism.

The pilgrims who came to Plymouth established a communal system, where 
everyone had to share, equally to all, whatever they hunted or grew.

William Bradford served as Governor of Plymouth Colony from 1620 to 1647 and wrote, in great detail, everything that took place in the colony. 

Bradford writes:
"all profits & benefits that are got by trade, working, fishing, or any other means" were to be placed in the common stock of the colony, and that, "all such persons as are of this colony, are to have their meat, drink, apparel, and all provisions out of the common stock."

A person had to put into the “common stock” all he had but take out only what he needed.
There was no private property
No division of labor. 
Food was to be grown by the townspeople and distributed equally to everyone.

Bradford writes:
"young men that are most able and fit for labor and service" complained about being forced to "spend their time and strength to work for other men's wives and children." Also, "the strong, or man of parts, had no more in division of victuals and clothes, than he that was weak." 

So the young and strong refused to work and the total amount of food produced was never adequate.
This "from each according to his ability, to each according to his need" was an early form of Socialism and it is why the Pilgrims were starving. 
-Richard J. Maybury 

No one had any incentive to work.
Nothing was to be gained by working harder and smarter, or finding new ways to increase the harvest.
The system failed !

Socialism always does!

Production became insufficient and people were starving.

It was becoming a disaster !

In 1623 Bradford decided to try something different:

“1623 Bradford abolished socialism. He gave each household a parcel of land and told them they could keep what they produced, or trade it away as they saw fit. In other words, he replaced Socialism with a free market, and that was the end of famines.
Many early groups of colonists set up socialist states, all with the same terrible results. At Jamestown, established in 1607, out of every shipload of settlers that arrived, less than half would survive their first twelve months in America. Most of the work was being done by only one-fifth of the men, the other four-fifths choosing to be parasites. In the winter of 1609-10, called "The Starving Time," the population fell from five-hundred to sixty.
Then the Jamestown colony was converted to a free market, and the results were every bit as dramatic as those at Plymouth.
In 1614, Colony Secretary Ralph Hamor wrote that after the switch there was "plenty of food, which every man by his own industry may easily and doth procure." He said that when the Socialist system had prevailed, "we reaped not so much corn from the labors of thirty men as three men have done for themselves now."
- Richard J. Maybury 

Here’s a video on William Bradford:
http://youtu.be/Hpi1dR9sl8M

What does all this mean?

Well, despite all that is being taught and promoted in our schools today:

Socialism does not work !
It never has and never will.

It will bring on famines, create debt, crush economies, cause class warfare ( evil rich guy poor little workers) , set Americans against Americans and completely destroy what our founding fathers and soldiers have fought and died for throughout history.

And for what ?

To replace God with the state and take every bit of liberty and freedom that all of us have enjoyed for over 200 years. 
Where the elites know best and the common citizen is just a pawn to their whims and desires.

With less than 5% of the world population the “United States of America” creates more wealth and opportunity for the common person than anywhere else in the world.
We are the place where dreams come true and our capitalist economic system is the driving force for individual freedom and liberty world wide.
With all the complaining and hatred seen in this country today, I don’t see a long line of Americans trying to “escape” this country to go somewhere else.

Where would they go ?

The only thing Socialism and Communism has excelled at throughout history is death, murder and torture. 
180,000,000 innocent people !
That’s the utopia envisioned by Marx and Lenin. 
That’s a fact !!

“Know the History”

[Big girl]

BigGirl, how does making other people pay more taxes help you? How does it make your life any better?

seriously, do you realize how stupid you soundm

[smitty]

seriously, do you realize how stupid you soundm

You were complaining about people not paying enough taxes.  The point is, since you are obviously concerned, again -- how would it effect your life, one way or another, if you had your way and certain people would have to pay more taxes?  Or how does it effect your life if they pay less taxes?  Would it just make you feel better if they paid more?  Help us understand.  But -- I bet you are only talking about other people paying more taxes -- but not you, right?   So, if it doesn't effect you then why are you worrying about it??

[Big girl]

You were complaining about people not paying enough taxes. The point is, since you are obviously concerned, again -- how would it effect your life, one way or another, if you had your way and certain people would have to pay more taxes? Or how does it effect your life if they pay less taxes? Would it just make you feel better if they paid more? Help us understand. But -- I bet you are only talking about other people paying more taxes -- but not you, right? So, if it doesn't effect you then why are you worrying about it??

when clinton was president the capital gain tax was 20% and the economy boomed. When bush was president he lowered it to 15% and we see the impact that had; as well as, his other horrible policies. President obama raised it back to 20% and the economy is improving. History has shown that lowering taxes have a detrimental effect.

[Big girl]

By the way only .4% of your tax dollars fund welfare programs.

[Big girl]

Lowering taxes on the rich does not help the economy. The "trickle down" theory is a bust.

[stevenash]

Big Girl-  Talk about sounding foolish!!!   ARe you stating that higher taxes and more regulations are stimulative to the economy?  Why is Pfizer, the drug giant trying to move to another country?  Why are so many businesses leaving California and coming to Texas?

[LumRaiderFan]

By the way only .4% of your tax dollars fund welfare programs.

Link please.

[stevenash]

Big Girl- you have stated often that anything spoken by the Republicans is not the truth.  When evidence is provided that documents that what has been said is the absolute truth, how can you ignore it?  I believe that is bigotry at its finest and I thought you deplored bigotry.  The FACTS are these ( regardless of the source)  This economic recovery is the weakest on record since World War 2.  The GDP did contract in the most recent quarter.  Nobody can deny either of those statements.  Mr. Obama has been in office for 6 years and has raised the tax rates.  The economy is NOT booming.  In FACT, it is a long long way from booming.  The corporate tax rate is 10 percentage points higher here (on average) than in Europe.  Companies are trying to expand overseas and are keeping much of their cash there.  Too many regulations and too much in taxes.  And you choose to say that none of this is true because a democrat didn't say it?   Hmmmm- I believe that is bigotry at is finest.  And we all know how you feel about bigotry.  How do you feel about hypocrisy?

[77]

Shes just an Obama sympathizer and possibly a bigot and no doubt a racist!jmo

[Big girl]

Big Girl- Talk about sounding foolish!!! ARe you stating that higher taxes and more regulations are stimulative to the economy? Why is Pfizer, the drug giant trying to move to another country? Why are so many businesses leaving California and coming to Texas?

less regulation, taxes so they can pay their executives more money.

[Big girl]

In 1981, Reagan significantly reduced the maximum tax rate, which affected the highest income earners, and lowered the top marginal tax rate from 70% to 50%; in 1986 he further reduced the rate to 28%.[15] The federal deficit under Reagan peaked at 6% of GDP in 1983, falling to 3.2% of GDP in 1987[16] and to 3.1% of GDP in his final budget.[17] The inflation-adjusted rate of growth in federal spending fell from 4% under Jimmy Carter to 2.5% under Ronald Reagan; however, federal deficit as percent of GDP was up throughout the Reagan presidency from 2.7% at the end of (and throughout) the Carter administration.[2][17] As a short-run strategy to reduce inflation and lower nominal interest rates, the U.S. borrowed both domestically and abroad to cover the Federal budget deficits, raising thenational debt from $997 billion to $2.85 trillion.[18]This led to the U.S. moving from the world's largest international creditor to the world's largest debtor nation.[19] Reagan described the new debt as the "greatest disappointment" of his presidency.[20]

[Big girl]

President Reagan, has remained popular as an antitax hero despite raising taxes eleven times over the course of his presidency, all in the name of fiscal responsibility.[22] Reagan ultimately raised taxes more times than he cut them.[23] According to Paul Krugman, "Over all, the 1982 tax increase undid about a third of the 1981 cut; as a share of GDP, the increase was substantially larger than Mr. Clinton's 1993 tax increase."[10] According to historian and domestic policy adviser Bruce Bartlett, Reagan's tax increases over the course of his presidency took back half of the 1981 tax cut.

[Big girl]

That is what happens when you reduce taxes

[smitty]

That is what happens when you reduce taxes

You didn't address the fact that during the Reagan years money doubled into the Treasury because of the tax cuts which spurred economic growth which spurred hiring.  More business' and more workers equal more taxes being paid because the business pool and job pool is bigger.  Do you see that going on now?  If you do, let us in on it.  Increase in welfare and food stamps does not grow a economy!

PS -- Bush cut taxes and spurred economic growth for his six years.  Tax cuts work every time they are tried!

[smitty]

when clinton was president the capital gain tax was 20% and the economy boomed. When bush was president he lowered it to 15% and we see the impact that had; as well as, his other horrible policies. President obama raised it back to 20% and the economy is improving. History has shown that lowering taxes have a detrimental effect.

Let's again not rewrite history.  Clinton had socialist leaning tendencies.  Remember he tried socialized medicine.  This, among other thing, swept the Republicans in office in 1994.  Any good pro-economic growth measures that got passed was done the the Republican majority's:  This was all done with him kicking and screaming all the way.  Look up "Triangulation" as it refers to Clinton.  I do give him credit for having enough sense to realize at the time the significance of the beating he took in the '94 election.  He did have executive experience and understood a few things. 

This hollow suit, man-child we have now has never ran anything or hired anybody.  His only knows what hes read in books.  He, unlike Clinton, will not compromise with the other side of the isle. 

Any room he walks into on any subject -- he is the least qualified man in the room!  And you think he's gonna turn this economy around?  It's been 6 years and the economy stinks.  It's because he doesn't have a clue!  If he does, the please show us where!

[smitty]

President Reagan, has remained popular as an antitax hero despite raising taxes eleven times over the course of his presidency, all in the name of fiscal responsibility.[22] Reagan ultimately raised taxes more times than he cut them.[23] According to Paul Krugman, "Over all, the 1982 tax increase undid about a third of the 1981 cut; as a share of GDP, the increase was substantially larger than Mr. Clinton's 1993 tax increase."[10] According to historian and domestic policy adviser Bruce Bartlett, Reagan's tax increases over the course of his presidency took back half of the 1981 tax cut.

BigGirl -- show me anywhere where Paul Krugman has said anything good about conservative policies.  Krugman is a commie-pinko extraordinaire!  I thought you were against biased stuff?!   ;)

[Big girl]

You didn't address the fact that during the Reagan years money doubled into the Treasury because of the tax cuts which spurred economic growth which spurred hiring. More business' and more workers equal more taxes being paid because the business pool and job pool is bigger. Do you see that going on now? If you do, let us in on it. Increase in welfare and food stamps does not grow a economy!
PS -- Bush cut taxes and spurred economic growth for his six years. Tax cuts work every time they are tried!

if that is the case why did he raise taxes 11 times

[Big girl]

Let's again not rewrite history. Clinton had socialist leaning tendencies. Remember he tried socialized medicine. This, among other thing, swept the Republicans in office in 1994. Any good pro-economic growth measures that got passed was done the the Republican majority's: This was all done with him kicking and screaming all the way. Look up "Triangulation" as it refers to Clinton. I do give him credit for having enough sense to realize at the time the significance of the beating he took in the '94 election. He did have executive experience and understood a few things.
This hollow suit, man-child we have now has never ran anything or hired anybody. His only knows what hes read in books. He, unlike Clinton, will not compromise with the other side of the isle.
Any room he walks into on any subject -- he is the least qualified man in the room! And you think he's gonna turn this economy around? It's been 6 years and the economy stinks. It's because he doesn't have a clue! If he does, the please show us where!

obamacare is not socialized medicine. The insurance on the exchange comes from private insurance companies. Smh

[Big girl]

When you want to spread the wealth you are a communist/socialist. To put it another way you have a different viewpoint a viewpoint that is communist/socialist

socialism and capitalism are two different things. Please look up the definitions and tell me how obama fits in those categories.

[Big girl]

BigGirl -- show me anywhere where Paul Krugman has said anything good about conservative policies. Krugman is a commie-pinko extraordinaire! I thought you were against biased stuff?! ;)

are you saying that reagan didnt raise taxes 11 times? What about heh bush. ? Remember when he said "no new taxes" he subsequently raised taxes. Why is that?

[Big girl]

Gwh bush