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View Diary: Time to Push Facts: Taxes and Growth (40 comments)

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  •  Simple question about supply side (7+ / 0-)

    I ask this-

    Justify supply side economics.  

    Let's say that you are a business owner.  You are making a decent profit, and you are paying yourself a decent salary.  There is demand for your product, and you have the right number of staff to meet the demand.  

    Let's say that the government gives you a tax cut.  Okay, business owner, can you think of any reason you would hire more staff?  

    Seriously.  Can you think of a good business person who would unnecessarily hire employees when there is no new demand for the product?  


    by otto on Sat Nov 10, 2012 at 09:28:51 AM PST

    •  I want to give huge deductions and exemptions to (2+ / 0-)
      Recommended by:
      otto, SoCalJayhawk

      corporations and the rich.

      For going to space and building space based Industries to utilize space based resources.

      Go get an asteroid......

      For building wind turbines in the US.

      For building 30 giga watts of renewable pumped hydro storage.

      Similar to Lincolns Land Grants to the railroads , 1866 to 1896 3 of 6 continental railways were built with the help of landgrants. This built the infrastructure that gain access to coal, steel, minerals and metal that helped win WW2, Thats right Lincoln helped win WW2.

      FDR 9-23-33, "If we cannot do this one way, we will do it another way. But do it we will.

      by Roger Fox on Sat Nov 10, 2012 at 09:49:57 AM PST

      [ Parent ]

    •  thank you. (1+ / 0-)
      Recommended by:

      suppose this entrepeneur owns a hotel, a tavern and a widget factory. he is doing very well, he is wealthy by most measures. Obama raises his taxes 15%.

      what happens then?

      his kid's private schools are harder to pay for. his ski vacations in Gstaadt are harder to pay for. his yacht maintenance is more onerous.

      what does he do?

      he expands his operations to increase his revenue. he attempts to get back to the comfort level he had enjoyed previously. he wants to be able to show his face and hold his head high down at the country club. he is a bigshot and he has the resources to expand so he does it - he adds a restaurant to his hotel.


      more jobs. more opportunity. now he is looking for a cook and a waitress. and there is new construction at the hotel.

      yes, what i am saying is that raising taxes on a certain income segment of society increases growth. i think that this is blindingly obvious.

      Any man can stand some adversity. If you really want to know a man's character, give him power. Abe Lincoln.

      by maskling11 on Sat Nov 10, 2012 at 06:52:35 PM PST

      [ Parent ]

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