Boo Radley
DP Veteran
- Joined
- Dec 20, 2009
- Messages
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- Political Leaning
- Liberal
Yep, people are moving to Texas in droves to escape better pay; not to avoid higher taxes and cost of living.
Would your rather earn $47K/year and pay $1K/month for housing or make $41K/year and pay $2K/month for housing?
You don't seem to get it, the data you show doesn't trump the reality of what drives a consumer driven economy and it isn't govt. spending, it is consumer spending their own money which when there is a tax cut there is more of it. That creates the atmosphere for economic growth, something you don't seem to understand. ask your wife how she feels about more spendable income?
Didn't get a response from you on who made the quote I posted and you ignored?
I'm sorry, but data dies give us a better picture of reality that what one ideologue like yourself thinks.[/QUOTE
Yep, that is why I post BEA, BLS, and Treasury Data for specific periods of time, not data taken out of context like you especially studies that don't recognize the difference in taxes and the fact that only three Presidents in modern history have actually cut tax rates and it is tax rate cuts that stimulate economic activity. I know this is hard for you to understand
]
People in the Northeast and Midwest (and Texas) pay the highest property taxes
People in the Northeast and Midwest (and Texas) pay the highest property taxes
Rapid Population Growth: The state's population skyrocketed in the last two decades, from 17 million inhabitants in 1990 to more than 25 million last year. That flood of new residents led to increased spending in the Texas economy, and thus more jobs. The population in Texas has grown for a multitude of reasons, but as Paul Krugman wrote recently in an article titled, "The Texas Unmiracle," Texas' model for job growth would not be feasible on the national level since, "every state can’t lure jobs away from every other state."
Energy: Texas also boasts a robust oil and natural gas industry that has boomed along with the rise in energy prices.
$17 Billion Of Federal Stimulus: According to an analysis conducted by the Austin American-Statesman, almost half of Texas' job growth in the past two years took place in the education, health care, and government sectors, all areas supported by federal stimulus money.
Rick Perry's Jobs Miracle Might Not Be Such a Miracle - Business Insider
Texas Has Highest Uninsured Rate, High Poverty
Texas Has Highest Uninsured Rate, High Poverty « CBS Dallas / Fort Worth
Don't shoot the messenger.
People in the Northeast and Midwest (and Texas) pay the highest property taxes
People in the Northeast and Midwest (and Texas) pay the highest property taxes
Rapid Population Growth: The state's population skyrocketed in the last two decades, from 17 million inhabitants in 1990 to more than 25 million last year. That flood of new residents led to increased spending in the Texas economy, and thus more jobs. The population in Texas has grown for a multitude of reasons, but as Paul Krugman wrote recently in an article titled, "The Texas Unmiracle," Texas' model for job growth would not be feasible on the national level since, "every state can’t lure jobs away from every other state."
Energy: Texas also boasts a robust oil and natural gas industry that has boomed along with the rise in energy prices.
$17 Billion Of Federal Stimulus: According to an analysis conducted by the Austin American-Statesman, almost half of Texas' job growth in the past two years took place in the education, health care, and government sectors, all areas supported by federal stimulus money.
Rick Perry's Jobs Miracle Might Not Be Such a Miracle - Business Insider
Texas Has Highest Uninsured Rate, High Poverty
Texas Has Highest Uninsured Rate, High Poverty « CBS Dallas / Fort Worth
Don't shoot the messenger.
Your argument makes little sense here. If federal stimulus money created state/local gov't jobs in Texas then why would Texas have to raise property taxes to cover that expense? To assert that the property tax burden in Texas is too high ignores the state income tax rate of ZERO and food being exempt from the state's sales tax.
I ignore nothing and gave you a few links. I can also give you links that point out that oil and cheap labor mean far more than taxes. I think I posted those earlier. Tried to give you new stuff here.
I'm sorry, but data dies give us a better picture of reality that what one ideologue like yourself thinks.
Yep, that is why I post BEA, BLS, and Treasury Data for specific periods of time, not data taken out of context like you especially studies that don't recognize the difference in taxes and the fact that only three Presidents in modern history have actually cut tax rates and it is tax rate cuts that stimulate economic activity. I know this is hard for you to understand
upsideguy;1063147657
Actually, that is hard for most economists to understand, which is why you can't back up that statement with the work of any credible economist. Its only your impression that this is so.
Moreover, even if so, its not a linear truism. In other words cutting the marginal tax rate from 90 to 70 is not going to yield the same result as cutting it from 70 to 50 or 50 to 35 or cutting it from 39.6. Moreover, cutting the highest marginal rate on those that do not spend the money (the very wealthy) will not yield the same result as cutting it on those that do (the lower and middle classes).
I am part of that cheap labor and yet I am able to live quite comfortably here in Texas. That is one of the reasons that Texas appeals to so many retirees. It is better to be employed even at a low wage (or on a fixed retirement income) in state with a low cost of living; lower state/local taxes contribute to that lower cost of living.
Your opinion noted, since marginal tax rates were cut only three times in modern history there isn't a very good sample to make that conclusion many economists make but the one thing that does show up is incredible job creation and it is hard to argue logic and common sense that more spendable income affects economic activity and makes it conducive to economic growth which leads to job creation. Regardless of the rate cut having more spendable income benefits a consumer driven economy.
The argument about the rich is nothing more than liberal bs. people keeping more of what they earn is only a bad thing to liberals who want more govt. spending. What someone does with their money is nobody's business yet liberals want to make that a bad thing. whether a rich person spends their money, invests their money, saves their money, or pays off bills it helps the economy.
Please tell me why anyone would support more money going to a 3.9 trillion dollar Federal Govt? Where is the effort to cut spending?
Its not hard to argue "common sense" and "logic" as it doesn't necessarily apply.... you are looking only a tier I effects. Macro economics is more complex than that as tier I effects have considerations in multiple tiers.... cutting taxes for example reduces government revenue which requires either government spending cuts, which when targeted probably, could have a much stronger economic impact than the tax cut; OR cutting revenue forces deficit spending, which we know can have long-term economic consequence.
Its not liberal BS at all but rather economics 101.... persons at higher income have a lower marginal propensity to consume, so their dollars do not necessarily go back into the local economy. The direction of dollars of the wealthy, therefore, is far more nebulous (uncertain how it helps, if it helps at all), and can (and most likely) include international investment, which does not have any short-term help to the local (US) economy). In the case of deploying capital by the government in the form of targeted spending vs. cutting taxes and giving it to those that do not need to spend, the latter is generally much less efficient.
Sorry, but that is what liberals do, make the simple complex over analyzing everything. It isn't that difficult, people having more spendable income from tax cuts benefit the economy, create the atmosphere for strong economic growth.
Why is it that people like you and others always talk about taxing someone else but never doing anything about it yourself. You think the govt. needs more money send the extra in. Seems there is a lot of jealousy on the part of far too many who care more about what someone else pays in taxes vs. how the tax dollars are spent. Whether a rich person spends their money, saves their money, invests their money, or pays off their debt because of more spendable income, that benefits the economy. Why would anyone want to take more of someone else's money to give it to the bloated Federal Govt that has generated a 17.3 trillion dollar debt and never proposes less spending?
Seriously what's up with this vitriol against liberals? Did liberals with huge penises gangbang your wife or something?
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