Posted on 04/05/2021 5:08:57 PM PDT by Eleutheria5
Biden: "Raising taxes, studies show, will not slow the economy at all..will make it function better"
(Excerpt) Read more at youtube.com ...
I have actually been a business owner, very successfully, so see your patting on the back for your own amusement.
Just because “It is done” does NOT mean that higher taxes will stimulate the economy. The fact that business either are drained of cash flow, or have to raise prices, defeat that democrat argument. Raising taxes has never stimulated the private sector, only the government sector. And an improved economy does not come from the government.
In your scenario very few would select a 66K truck and deplete their cash on hand when they have 100% risk in the business.
If you were advising business owners to make that choice I pray they didn’t listen to you.
Your little crack about textbooks is ludicrous. I’ve been doing this for 50 years. I live in the real world. You live in the democrat utopia of believing high taxes are good for the economy,
Good day.
Studies done by that renowned Economist, Oil business expert, Railway Business expert, China Trade expert, Artist extraordinaire, , Noted Author, Child videographer / photographer and Familial Relations expert, Hunter Biden, do indeed show that you can tax a nation into prosperity and utopia.
And since Hunter is “the smartest man Joe ever knew”, he can easily discount all the studies and actual results of the dumb hacks that have expounded on taxation and economy before.
So if Biden thinks taxes are so wonderful, why did he form his own S-Corp to avoid paying taxes?
Someone with a lot more intelligence is going to have to tell how removing the flow of wealth from a free and kinetic market is going to strengthen it. This is what killed the market in 1929 when the wealth no longer covered the large bank loans along with going along with low wages, the proliferation of debt, and a struggling agricultural sector.
All these have been targets of the left using inflation, printing non-coverable money, and the agriculture is failing because of a result of several factors like governmental intervention in labor, land, and credit markets; lack of Infrastructure; small size of land holdings; poorly maintained or non-existent land records; inadequate use of modern technology; illiteracy; inadequate finance and marketing services for farm produce. And they all vote lib to make these things happen.
wy69
Many business will spend money to avoid taxes.
—
“Look at all the money I saved on this new dress!”
“Would have saved more not buying it”
If you were advising business owners to make that choice I pray they didn’t listen to you.
VERY FEW INDIVIDUALS ARE PROFIT MANAGERS, VERY FEW.
You may be one of the exemptions. I also worked with a lot of mature business whose goal changed. They enjoyed the nice pickup instead of the rusty old one that got them to the point they could buy the new one. More power to them.
Most are cashflow managers like the government. I analyzed business for profit and encouraged them to pay taxes instead of buying equipment that did not make them more money. But convenience and enjoyment trumped profit. Throw in taxes and they will make foolish decisions to avoid taxes.
Again, it is YOU that does not understand the situation. Do you think anyone paid the 90 percent tax that Reagan got rid of? People do foolish things to avoid taxes. You can’t change that.
F Dildo Biden.
Most states couldn’t survive without federal help. Alabama and Mississippi would become Haiti in no time. Texas and California would survive. New York maybe. Other places would get destroyed.
Someone with a lot more intelligence is going to have to tell how removing the flow of wealth from a free and kinetic market is going to strengthen it.
Higher tax rates can encourage risk and investment. Again, I don’t like the model but it does encourage a lot of spending activity. But very little wealth building activity.
The problem is that most business don’t have to worry about higher taxes. They are not making any money.
Carter: In 13 months Carter’s policies took a 6% prime to 21%.
Can Biden break that record?
LOL!
Ya right!
the BS just flows like niagra falls out of the left-
It is a well known fact that a government can tax a nation into prosperity. It is apparent well known to Democrats anyway. I guess the theory is that the more wealth the government plunders and distributes to its supporters the less money will be wasted in capital formation and the more will go to buying beer cigarettes weed and scratch off lotto tickets.
Your examples are all good except the Clinton one, George H.W. Bush demanded we read his lips as he lied about not raising taxes and then raised them, ending the Reagan boom overnight. Best example ever of the immediate and severe effect of tax hikes.
And that will help the Marlboro, Amheuser Busch, and whatever big business will coalesce around weed and lotto tickets, all of whom will cheerfully pay their “fair share” of campaign contributions.
Except for “sainted” JFK and scoundrel LBJ, who together (JFK being dead, LBJ carried on and got it enacted) lowered the top bracket from 90 to 70. Economy reacted positively to that. Dems vowed “never again”.
He knows nothing about economics.
His BA degree from U of Delaware = major in History, major in Poly-Sci and minor in English.
It’s true.
Yes. H Bush raised taxes, the dope, but the slow down was exaggerated. Clinton inherited a pretty good economy which deteriorated through his stay at the Animal House. The late 90s .com boom bubble made the numbers look good until it bust.
ps.
I counted W. Bush has a pro growth tax cutter, not H. Bush.
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