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View Diary: 10 reasons why Uncle Sam needs more tax revenue (28 comments)

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  •  You wasted a lot of time on garbage (0+ / 0-)

    You are avoiding the issue unless you can give a single example of INCREASING taxes in a failed recovery.  The only time that happened was the 1930s, when FDR's recovery was labeled a Great Depression.

    And of course, high taxes on the rich led to five back-to-ack recessions in only 16 years, 1945-1961, until Kennedy repealed those taxes.  In his fist SOTU, Kennedy describes how we had collapsed from the only industrial base left standing in 1945, to "among the lowest in economic growth" in 1961.  Check his own words and voice on YouTube.

    You're also lying about inequality.  As everyone with a brain knows, we've been losing all our best jobs for a quarter century, which causes the appearance of inequality even if everyone else's income is still growing.  (Jr High Math)

    Go search the 1986 tax reform bill, authored by two Democrats.  What you'll learn is that they INCREASED TAXES on new investments in factory equipment -- investments which, uhhhh, create manufacturing jobs or improve productivity.   They also extended the write-off on these investments to 17 years -- vs 5 years for all our trade competitors.  Guess when we started shedding manufacturing jobs.  

    Oh yeah, wealth inequality screeching fails to include middle-class pension funds.  Check it out, middle-class pensions are large enough to buy the ENTIRE New York Stock Exchange.

    Ok, conservatives are just as crazy, believing income trax revenues skyrocketed after Reagan's tax cuts.  (They broke even, all the increases were in FICA taxes)

    And FICA taxes are the point of my rant.  Obama needs to stop playing mind games and do the only right fix for Social Security and Medicare .... increase FICA taxes.

    When the chips were down, FICA taxes were increased SIX TIMES .... by Ronald Reagan.   The political left points to the SS Trust Fund blissfully unaware that every penny came from Reagan, and was supported  by Democrats.

    This is when some politicians still had guts, instead of shameless vote pandering.

    •  BZZZZZT! Try again. (0+ / 0-)

      "FDR's recovery was labeled a Great Depression"? Seriously?
      It was a depression long before FDR took office; Hoover was President for all of 6 months when Black Friday took us down. That leaves a solid 3.5 years of his Presidency to show that his efforts failed miserably to fix the problems. Your single-handed efforts to disparage and deny Keynesian economics--the only theory shown to actually work in ameliorating, if not eliminating, the "bust" cycles of our economic history--are laughable. Just stop.

      "Lone catch of the moon, the roots of the sigh of an idea there will be the outcome may be why?"--from a spam diary entitled "The Vast World."

      by bryduck on Tue Apr 09, 2013 at 12:29:25 PM PDT

      [ Parent ]

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