"People wanted change so they voted in a socialist. Now they got change and can't afford to pay for it."
You are missing the issue.
The "Socialist" never raised taxes.
I will be the first to admit I didn't graduate with a fancy PHD in economics.
But I do know one thing:
If you want to get out of debt fast, you need to cut your spending AND raise the money you are making.
Agreed?
Hell, I have been in debt.
What I did was raise the money I was spending AND raise even more the money I was making.
When he said this:
"It's also as if people think those with large incomes are just hoarding their money away. No, lower taxes means they are SPENDING more of their disposable incomes, which drives the economy by putting money back into businesses, creating jobs, boosting tourism, etc."
It certainly seemed his was taking a (mis-educated) side.
Wouldn't you agree?
And yes it is going to help, because it is more money.
See my point above.
Fixing the gov is a separate problem that needs to be addressed.
You are missing the issue.
The "Socialist" never raised taxes.
I will be the first to admit I didn't graduate with a fancy PHD in economics.
But I do know one thing:
If you want to get out of debt fast, you need to cut your spending AND raise the money you are making.
Agreed?
Hell, I have been in debt.
What I did was raise the money I was spending AND raise even more the money I was making.
Quote: (10-03-2011 11:54 PM)Samseau Wrote:
Gmac wasn't defending the rich. He was just stating that taxing them isn't going to fix any problems.
When he said this:
"It's also as if people think those with large incomes are just hoarding their money away. No, lower taxes means they are SPENDING more of their disposable incomes, which drives the economy by putting money back into businesses, creating jobs, boosting tourism, etc."
It certainly seemed his was taking a (mis-educated) side.
Wouldn't you agree?
And yes it is going to help, because it is more money.
See my point above.
Fixing the gov is a separate problem that needs to be addressed.