How to befuddle a left winger

[Gateman_Wen]

Ask the following multiple choice question.

In a capitalist economy, higher taxes :
A) Have a negative effect on economic activity
B) Have a positive effect on economic activity
C) Hav no effect on on economic activity

Is that really the best you can do?

 

[KLATTU]

No, that is just to simplistic. Y

No-it's that simple . The answer is B. EG- you increase , say sales taxes on a item people buy less if people buy less of it. All taxes work pretty much on that simple principle. As I've brilliantly and famously said. If want more of something- subsidize it. If you want less of something-tax it.

 

[KLATTU]

Is that really the best you can do?

Answer?

 

[Grand Mal]

All I can say is it seems like when a Democrat is in the Presidency, I have more money in the bank. When a Republican is in the Presidency, I have less. Only speaking personally of course.

Someone agrees with you...

"I've been around a long time. And it just seems the economy does better under the Democrats than under Republicans."
-Donald Trump-

 

[SkyChief]

It depends on who is being taxed

It really doesn't.

Higher taxes always negatively impact a capitalist economy - regardless of who is being taxed.

Higher taxes inevitably cause higher prices for goods and services, which reduces the purchasing power of people's income (inflation).

The people hurt most by high taxes are the poor, the working-class, and elderly folks on fixed incomes (e.g. SS, annuity, etc)

The best way to stimulate a capitalist economy is to lower taxes. This encourages businesses to grow (and hire more people), and lower taxes allow taxpayers to keep more of the money they earned, thereby enabling them to purchase more (or better) goods and services - which encourages businesses to offer better goods and services.

 

[Citizen]

It really doesn't.

Higher taxes always negatively impact a capitalist economy - regardless of who is being taxed.

Higher taxes inevitably cause higher prices for goods and services, which reduces the purchasing power of people's income (inflation).

The people hurt most by high taxes are the poor, the working-class and elderly folks on a fixed income (e.g. SS, annuity, etc)

The best way to stimulate a capitalist economy is to lower taxes. This encourages businesses to grow (and hire more people), and lower taxes allow taxpayers to keep more of the money they earned, thereby enabling them to purchase more (or better) goods and services - which encourages businesses to offer better goods and services.

That theory has been proven wrong many times

 

[The Mark]

So what's your answer?

The answer, as with most things, is: "It depends".

Higher taxes sometimes do these things, and sometimes they do not.

It. Depends.

 

[SkyChief]

That theory has been proven wrong many times

Oh really? LOL

Show how it's been "proven wrong".

High tax rates can discourage work, growth, investments, and innovation. This is fairly common knowledge. High tax rates also cause people to shelter their income with write offs, which also takes money out of the economy (detrimental).

 

[The Mark]

No-it's that simple . The answer is B. EG- you increase , say sales taxes on a item people buy less if people buy less of it. All taxes work pretty much on that simple principle. As I've brilliantly and famously said. If want more of something- subsidize it. If you want less of something-tax it.

Higher prices on goods and services being sold is not the only impact of taxes.

And certainly, the economy is not restricted to only that metric.

 

[Citizen]

Oh really? LOL

Show how it's been "proven wrong".

High tax rates can discourage work, growth, investments, and innovation. This is fairly common knowledge. High tax rates also cause people to shelter their income with write offs, which also takes money out of the economy.

Reagan and trump both gave tax cuts to the rich. They did not build anything, transfer funds to workers or add to the economy. Trickle down does not work. When low and middle class get tax cuts, they buy stuff buying stuff enhances the economy. Rich people don’t need to take risk with innovation and investment. Stock investment does not help the economy grow. They already have generational wealth. They will invest in stocks which generate more wealth for them

 

[donhughesmusic]

So what's your answer?

I only have control of my own finances, and all that matters to me is the welfare of my own family. My family has done better with Democrats in office than Republicans. If you don't like my answer, tough shit.

 

[CLAX1911]

Ask the following multiple choice question.

In a capitalist economy, higher taxes :
A) Have a negative effect on economic activity
B) Have a positive effect on economic activity
C) Hav no effect on on economic activity

It worked, there are 3 pages filled with autistic screeching.

 

[donhughesmusic]

It worked, there are 3 pages filled with autistic screeching.

As opposed to non-autistic screeching????

 

[SkyChief]

Reagan and trump both gave tax cuts to the rich. They did not build anything, transfer funds to workers or add to the economy. Trickle down does not work. When low and middle class get tax cuts, they buy stuff buying stuff enhances the economy. Rich people don’t need to take risk with innovation and investment. Stock investment does not help the economy grow. They already have generational wealth. They will invest in stocks which generate more wealth for them

Is it safe to conclude that you believe high taxes might somehow help the economy?

I don't want to put words in your mouth, but if you think lower taxes would NOT help/stimulate a capitalist economy, then it's logical to presume that you think high taxes would.

 

[KevinKohler]

No-it's that simple . The answer is B. EG- you increase , say sales taxes on a item people buy less if people buy less of it. All taxes work pretty much on that simple principle. As I've brilliantly and famously said. If want more of something- subsidize it. If you want less of something-tax it.

And where does the subsidy money come from?

 

[KLATTU]

I only have control of my own finances, and all that matters to me is the welfare of my own family. My family has done better with Democrats in office than Republicans. If you don't like my answer, tough shit.

Has nothing to at all to do with the question, but ok.

 

[HenryChinaski]

Ask the following multiple choice question.

In a capitalist economy, higher taxes :
A) Have a negative effect on economic activity
B) Have a positive effect on economic activity
C) Hav no effect on on economic activity

How do you confuse a Conservative? You don't. They're born that way.

 

[Michael Cole]

Oh really? LOL

Show how it's been "proven wrong".

High tax rates can discourage work,

That's ridiculous.

growth, investments, and innovation.

Taxing the upper earners, investments, yes. The investor class buys less stocks and bonds. The macro effect of this is to lower the price of these stocks.

Clinton raised taxes, yet growth and innovation succeeded wildly in the '90s.

This is fairly common knowledge.

It's a fallacy perpetrated by those who never opened an economics text.

High tax rates also cause people to shelter their income with write offs, which also takes money out of the economy (detrimental).

People do this regardless of the tax rate.

 

[CLAX1911]

As opposed to non-autistic screeching????

No. As opposed to reason.

 

[KLATTU]

A

Clinton raised taxes, yet growth and innovation succeeded wildly in the '90s.

It's a fallacy perpetrated by those who never opened an economics text.

People do this regardless of the tax rate.

It succeeded BECAUSE taxes were raised?
Might want to go open that text . Look up correlation and causation. Report back when you're done.

 

[Michael Cole]

It succeeded BECAUSE taxes were raised?

Might want to go open that text . Look up correlation and causation. Report back when you're done.

I thought we were talking about economics? You're lost, man.

I see you skipped right over #2. Too hard for ya? I'll give you another chance.

If the temperature is 90 and the temperature is rising, is 90 rising?

 

[ralfy]

It depends on various factors.

 

[Deuce]

What kind of dipshit would think there's a single universal answer to that question?

 

[Bullseye]

That's ridiculous.

Your grasp of economics is weak.

Taxing the upper earners, investments, yes. The investor class buys less stocks and bonds. The macro effect of this is to lower the price of these stocks.

Huh? Are you claiming lower stock prices is a good thing?

Clinton raised taxes, yet growth and innovation succeeded wildly in the '90s.

It's a fallacy perpetrated by those who never opened an economics text.

Clinton, lowered, or was forced to lower taxes during his second term - the one by far his most economically successful. Thanks to Dem Congress, of course.

People do this regardless of the tax rate.

Did you ever attend an economics class or just read "Economics for Dummies and Democrats"?

 

[Michael Cole]

Your grasp of economics is weak.

Economics? Your grasp of logic is weak. If someone's taxes go up, they may need a second job to pay the bills. Higher taxes do not discourage work. That's crazy talk.

Don't know if I want to continue after that nonsense.

Huh? Are you claiming lower stock prices is a good thing?

Alrighty then.

Clinton, lowered, or was forced to lower taxes during his second term - the one by far his most economically successful. Thanks to Dem Congress, of course.

Did you ever attend an economics class or just read "Economics for Dummies and Democrats"?