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Post By
Norvell

Member Since: Sun Jan 02, 2011
Posts: 2,113
In Reply To
bd2999

Member Since: Sat May 17, 2008
Posts: 15,607
Subj: Re: Thoughts on a minimum income? (Re: The Impending Tax Cut Vote)
Posted: Fri Dec 01, 2017 at 01:11:34 pm EST (Viewed 171 times)
Reply Subj: Re: Thoughts on a minimum income? (Re: The Impending Tax Cut Vote)
Posted: Fri Dec 01, 2017 at 10:55:12 am EST (Viewed 178 times)


Sorry for snipping your post, I'm limited on time today.


    Quote:
    Nobody wants to pay taxes. However, most of this just hides a willingness to shrink government. Which may or may not be bad on its face. However, cut taxes, increase debt, wait for a Dem or Dems to be in power and demand spending cuts. Or demand them of yourselves for decreasing revenue.


The infamous Lee Atwater, Republican strategist of the 1980s, suggested (originally under the promise of anonymity) there was a far more sinister reason for shifting around the tax burden. If you research the guy you'll see what I mean.

And the problem with trickle down economics, which you alluded to, is that it never really trickles down. The economy may boom for one class, but the middle class remains stagnant and the wealth disparity increases. And in the end, someone has to make up the difference for lowering taxes. Either there's a cut in government services, and/or it falls to the Middle Class.

The fallout of the 1980s was that the economic greed of the super-rich fell out of favor. And now everyone's 'favorite' 1980s mogul is running the show. How ironic.


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