Posted by tecwrg on 11/5/2012 2:51:00 PM (view original):
Posted by silentpadna on 11/5/2012 2:35:00 PM (view original):
What will Obama's tax hikes accomplish? Will they raise revenues to the treasury? When broad based rate cuts increase revenue (due to growth), is that a bad thing? If the rich pay a higher rate and revenues decline, is that the goal?
What will "hiring 100K more teachers accomplish? Will it increase our next generation's ability to function and grow? Will "investing more money" in education naturally cause that?
What specifically will Obama's taxes on "millionaires and billionaires" accomplish? Will it help those who are business owners create new jobs?
What is their fair share? Can anyone put a number on that?
I can't find anything that is clear about how the current president, with his policies, can help the economy grow...
None of that even addresses the huge moral issues I have with his worldview and view of government's role.
The "fair share" rhetoric is what really drives me up a wall. The numbers just don't back that up.
Whenever I cite a website that shows this information, I usually get castigated by "who does the study", etc. So instead, I would challenge readers of this thread who have genuine interest to do the following:
1. Go to the IRS website.
2. Download tax records for each year going back to 1900.
3. Find the years where tax rates were substantially raised or lowered.
4. Find the GDP numbers for each of those years.
5. Track government treasury revenues for those years.
6. Look for patterns (hint: they are obvious)
6. Draw your own conclusions.
The numbers don't lie.
Then ask yourself what "raising taxes on millionaires and billionaires" is really going to accomplish. My position is that it does
accomplish somethng - just not what the proponents publicly claim it does.
This is easy research. It takes time, but anyone that claims they are interested and knows simple math and how use a spreadsheet can verify this stuff. The IRS numbers are what they are. GDP versus rates versus who pays what share along with treasury revenues are facts. And, as John Adams once said, "facts are stubborn things".