Trickle-down is a scam, extending the Bush tax cut is wrong:

[mrplunkey]

Prod people back into WHAT workforce?

Maybe he means the workforce that got shipped overseas due to high taxes, ridiculous regulation and pointless torts.

But who knows, maybe raising taxes, increasing regulation and continuing to protect trial lawyers will lure those jobs back. I personally wouldn't bet on it.

 

[b0und]

Prod people back into WHAT workforce?

The workforce that will be needed when the jobs from middle class and lower income tax cuts are created. More money in the economy - more demand for services, more jobs.

A billion dollar tax cut will create a lot more jobs when it is spread out amongst a million people rather than given to one rich guy.

Don't be all doom and gloom about all the jobs being lost forever to China, etc. Most people in China would still rather work/live in the US or under US conditions.





b0und (2.5 cents)

 

[javaguru]

The workforce that will be needed when the jobs from middle class and lower income tax cuts are created. More money in the economy - more demand for services, more jobs.

A billion dollar tax cut will create a lot more jobs when it is spread out amongst a million people rather than given to one rich guy.

Don't be all doom and gloom about all the jobs being lost forever to China, etc. Most people in China would still rather work/live in the US or under US conditions.





b0und (2.5 cents)

The United States job growth numbers, almost a year after the recession officially ended, aren't keeping up with the number of 18 year old workers entering the workforce.

Labor costs are only 10% of U.S.-China price differential.
IndustryWeek : First Up: The Wrong Path

 

[javaguru]

BTW, "The Road to Serfdom" by Von Hayek is a must read...

 

[javaguru]

Friedman Pwns Michael Moore...a skinny young Moore...

 

[mrplunkey]

The workforce that will be needed when the jobs from middle class and lower income tax cuts are created. More money in the economy - more demand for services, more jobs.

And that will happen when "rich" guys invest in plants, property and equipment. That's not happening right now.

A billion dollar tax cut will create a lot more jobs when it is spread out amongst a million people rather than given to one rich guy.

The top 1% already pay over 1/3 of all taxes and the top 20% pay over 80%. We've shifted plenty of the load onto job creators already.

Don't be all doom and gloom about all the jobs being lost forever to China, etc. Most people in China would still rather work/live in the US or under US conditions.

b0und (2.5 cents)

That's a plan for how we can get jobs back. We'll ship all our wealth over there, then they can buy nice homes here and relocate.

 

[mrplunkey]

Friedman Pwns Michael Moore...a skinny young Moore...

Holy hell. I watched a JG video!

That one was really good.

If Michael Moore had learned back then, think of all the misery that could have been saved.

 

[binö]

Friedman Pwns Michael Moore...a skinny young Moore...

lol what a smarmy asshole even as a kid.
dbag

 

[kx250rider]

When Bush enacted it, it was a tax cut. That tax cut was designed to expire, so repealing that expiration amounts to extending a tax cut.

This may be a chicken vs. egg debate at this point, but the fact is that the IRS was originally formed as a special TEMPORARY fund for the efforts of World War I, and was to be abolished after the war. President Woodrow Wilson is the original liar on taxes. Guess what: We're now 92 years past the end of WWI, and the IRS has grown like a fungus in an a basement in New Orleans in the summertime. Since Wilson started it, no president has done a thing to fix it. The Dems try to worsen it, and the Reps try to lessen it.

And on the subject of "temporary" taxes, how about the CA State temporary tax for the rebuilding of San Francisco after the 1903 (or whatever year) quake & fire? Jeez: I knew that building permits in CA are a bitch, but I didn't know it took 107 years to get something rebuilt!

As long as Wilson's "temporary" income tax means pushing 100 years, let's be fair and have Bush's cut push a century as well

Charles

 

[javaguru]

Holy hell. I watched a JG video!

That one was really good.

If Michael Moore had learned back then, think of all the misery that could have been saved.

It was as inevitable as the tide!