So we should thank him for not taxing us when he calls congress together to hear a re-election campaign speech?

Warren Buffett likes the Democrats. Why do you hate reasonably thinking rich people?

Posted by kermit on 4/14/2011 2:30:00 PM (view original):
Don't you know that all your money is rightfully the government's? By not taxing at 100%, they are spending money.

This money is His money
your money is His money,
from California to the New York Island
from the Redwood Forest to the Gulf Stream water
This money was made just for He.

Hearing people whine about a small tax hike of just a few percentage points is both sad and hilarious.

And this whole "job creators" meme that the right repeats over and over,... I can't believe that people are so effin' gullible.

Any attempts at revenue increase will just keep us addicted to spending. We need to start cutting, and only cut from now on.

Raise taxes - lose jobs - less revenue - raise taxes - lose jobs - less revenue.... 


Lather, rinse, repeat.

Welcome to the world of Macro Economics.

Posted by rcrusso on 4/14/2011 6:52:00 PM (view original):
Swamp has received his talking points and nothing will stop him from repeating them over and over.

Another simple lie to deflect.

What did I say toay that I have not said before.

If I am just saying what someone else says they must be reading my mind first!

The government raises taxes and takes money out of the economy.

The companies and people have to pay more money in taxes so they have less money to spend elsewhere.

People will buy less with their less money.

Companies now bring in even less money due to sagging sales and higher taxes.  So they order less materials and have to lay off people.

The companies who get the raw materials have less business and higher taxes, so they buy less capital equipment and lay off people. 

Less taxes get paid into the government because there is less profit and less people working.

So the government raises taxes again and takes more money out of the economy. 

It is really a simple concept. 

Not really, no.

Well, he left out consumer confidence and credit but, otherwise, it is pretty simple.

You mean what he posted was an overly simplified abstraction that wasn't borne out by real life? Sure.

I mean people who don't have money to spend can't spend it.  If they lack the confidence to get said money at some point, they won't borrow it.  And, if the lenders doubt the borrowers' ability to get it, they won't lend it.  

In short, taking money away from the consumers right now is a poor way to spark the economy.   Creating government jobs is a nice way to get money to a few but, in order to do that, you have to take money from the masses.