When are we going to have another fiscally conservative Republican President?

Started by The Fiscal Conservative, September 29, 2015, 01:28:05 AM

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taxed

Quote from: Solar on September 29, 2015, 11:24:16 AM
Which is the beauty of the true Fair Tax, there is no subsidy or returns. They either buy new and pay a tax, or buy used, where there is no tax, because it was paid by the original purchaser, otherwise it's double taxation.

The FairTax was a passion of mine back in my 20s.  It always made perfect sense to me, and I did a lot of research and studying of it.  It always amazed me how people are uncomfortable with the concept of the IRS going away, so they try and fight the FairTax.  It always seems to boil down to the understanding that your earnings are yours, and DO NOT belong to the government.  That's another side-effect of Stockholm Syndrome Marxism.

What also always amazed me was the frequency of people who have no clue about economics, or the FairTax, jump in and just continually misrepresent it.   They have no idea the extent of research that went into it by many, many smart people.  So, these dummies come along and think they have the silver bullet with no clue how their retort has been slapped down a million times and just end up looking like the clueless fools they are.
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Solar

Quote from: taxed on September 29, 2015, 11:34:34 AM
The FairTax was a passion of mine back in my 20s.  It always made perfect sense to me, and I did a lot of research and studying of it.  It always amazed me how people are uncomfortable with the concept of the IRS going away, so they try and fight the FairTax.  It always seems to boil down to the understanding that your earnings are yours, and DO NOT belong to the government.  That's another side-effect of Stockholm Syndrome Marxism.

What also always amazed me was the frequency of people who have no clue about economics, or the FairTax, jump in and just continually misrepresent it.   They have no idea the extent of research that went into it by many, many smart people.  So, these dummies come along and think they have the silver bullet with no clue how their retort has been slapped down a million times and just end up looking like the clueless fools they are.
Couldn't agree more. They're the quintessential LiV/Lib. Naive, emotional and in most cases kids.
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The Fiscal Conservative

Quote from: Solar on September 29, 2015, 05:14:23 AM
The only one here that's naive is you and your inability to grasp the concept that paying a tax at time of purchase has zero chance of cheating, as in the Fair tax system.
A system that would essentially eliminate the IRS.

Wow. You really don't know what you are talking about. Fortunately for the politicians, most Americans are gullible like you. The pols depend on it.

The Fiscal Conservative

Quote from: taxed on September 29, 2015, 07:14:04 AM
I am.  This whole time, I figured even liberals could understand first grade economics.  I was wrong.
Yes.  Rich people spend money.  I know you disagree, but it's actually true.
Wrong.

:lol: :lol: :lol: :lol: :lol: :lol:

It's been proven for more than three decades that "trickle down economics" DOES NOT WORK. Bush Sr. even called it "voodoo economics". If something has not been working for more than 30 years and you still believe in it......

walkstall

Quote from: The Fiscal Conservative on September 29, 2015, 12:13:32 PM
Wow. You really don't know what you are talking about. Fortunately for the politicians, most Americans are gullible like you. The pols depend on it.




A politician thinks of the next election. A statesman, of the next generation.- James Freeman Clarke

Always remember "Feelings Aren't Facts."

taxed

Quote from: The Fiscal Conservative on September 29, 2015, 12:17:06 PM
:lol: :lol: :lol: :lol: :lol: :lol:

It's been proven for more than three decades that "trickle down economics" DOES NOT WORK.
Wrong.

Quote
Bush Sr. even called it "voodoo economics".
So?

Quote
If something has not been working for more than 30 years and you still believe in it......
Sorry.  Rich people spend money, no matter how much you want to believe otherwise.  You're in the low IQ minority who thinks poverty improves the economy.  Supply and demand has been established for a long time.
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The Fiscal Conservative

http://money.cnn.com/2015/06/15/news/economy/trickle-down-theory-wrong-imf/

QuoteWealth does not trickle down from the rich to the poor. Period.
That's not Senator Elizabeth Warren talking. That's the latest conclusion of new research from the International Monetary Fund.

QuoteThe researchers calculated that when the richest 20% of society increase their income by one percentage point, the annual rate of growth shrinks by nearly 0.1% within five years.
This shows that "the benefits do not trickle down," the researchers wrote in their report, which analyzed over 150 countries.


Anybody who still believes in "trickle down economics" should be permanently relegated to the short bus.

taxed

Quote from: The Fiscal Conservative on September 29, 2015, 12:13:32 PM
Wow. You really don't know what you are talking about. Fortunately for the politicians, most Americans are gullible like you. The pols depend on it.

You know you're still wrong, right?
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The Fiscal Conservative

Quote from: taxed on September 29, 2015, 12:20:32 PM
Wrong.
So?
Sorry.  Rich people spend money, no matter how much you want to believe otherwise.  You're in the low IQ minority who thinks poverty improves the economy.  Supply and demand has been established for a long time.


Show me these studies proving that "trickle down economics" works. I just posted a link to a study proving that it doesn't work.

"Trickle down" evidently refers to those pissing on others.

The Fiscal Conservative

Quote from: taxed on September 29, 2015, 12:21:20 PM
You know you're still wrong, right?

Give me some links to this proof that voodoo economics works. You saying that it works does not make it so.

taxed

Quote from: The Fiscal Conservative on September 29, 2015, 12:23:50 PM

Show me these studies proving that "trickle down economics" works.
I seriously have to prove to you that rich people spend money?

Quote
I just posted a link to a study proving that it doesn't work.
No you didn't.

Quote
"Trickle down" evidently refers to those pissing on others.
Wrong.  Rich people spend money.
#PureBlood #TrumpWon

The Fiscal Conservative

Quote from: taxed on September 29, 2015, 12:25:55 PM
I seriously have to prove to you that rich people spend money?
No you didn't.
Wrong.  Rich people spend money.

I never said rich people don't spend money. I said that trickle down economics doesn't work.

And yes, I just posted a link to an IMF study proving that trickle down economics doesn't work. You have yet to post any proof that it does. Instead you keep parroting the same laughable talking points. "Rich people spend money" is not a study proving that it benefits anyone else.

I've asked multiple times for empirical proof that "trickle down economics" has actually worked. Not in theory, but in the real world. I'll take your inability to provide any proof that it works as a tacit admission that you are wrong.

taxed

Quote from: The Fiscal Conservative on September 29, 2015, 12:29:48 PM
I never said rich people don't spend money. I said that trickle down economics doesn't work.

:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

You are so clueless about economics that you don't even know you're contradicting yourself...



QuoteAnd yes, I just posted a link to an IMF study proving that trickle down economics doesn't work.
No you didn't.  It was a false premise that rich people make money and poor don't benefit from it.  You posted nonsense.

Quote
You have yet to post any proof that it does. Instead you keep parroting the same laughable talking points. "Rich people spend money" is not a study proving that it benefits anyone else.
Why do businesses not cater to broke people?  I'd love to hear this answer...

Quote
I've asked multiple times for empirical proof that "trickle down economics" has actually worked. Not in theory, but in the real world. I'll take your inability to provide any proof that it works as a tacit admission that you are wrong.
I don't have to prove that rich people spend money, benefiting those who provide the service (supply and demand).  That's a basic concept everyone gets.  Just because you don't think businesses benefit from rich people doesn't make it not real.
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The Fiscal Conservative

Here is another link:

http://www.huffingtonpost.ca/2015/06/16/imf-trickle-down-economics-inequality_n_7595860.html

'The Benefits Do Not Trickle Down': Reaganomics Bad For The Economy, IMF Argues

QuoteBut now the IMF is raising one little problem with the theory: Apparently it doesn't work. That's the argument in the fund's new research paper, "Causes and Consequences of Income Inequality."

Looking at data from 159 countries from 1980 to 2012, researchers found that when the wealthiest 20 per cent see their share of income rise by one per cent, the economy grows 0.08 percentage points slower over the next five years.

"In contrast, an increase in the income share of the bottom 20 percent (the poor) is associated with higher GDP growth," the report says. When the poorest 20 per cent increase their share of total income by one per cent, the economy grows 0.38 percentage points faster.

Translation: Give tax breaks or higher wages to the poor, and the economy will grow. Give tax breaks or higher incomes to the rich, and you reduce economic growth.

"The benefits do not trickle down," the researchers conclude.


There is proof from an IMF study that "trickle down economics" DO NOT WORK. Now the onus is on you to provide proof to studies that it does work. Instead of repeating the same silly talking points that "rich spend money" or that "corporations spend money". No. "Rich spend money" is not proof that trickle down economics works.

taxed

Quote from: The Fiscal Conservative on September 29, 2015, 12:39:36 PM
Here is another link:

http://www.huffingtonpost.ca/2015/06/16/imf-trickle-down-economics-inequality_n_7595860.html

'The Benefits Do Not Trickle Down': Reaganomics Bad For The Economy, IMF Argues
You can post links from people who know nothing about simple, basic economics all day long, but that doesn't mean rich people don't spend money and start businesses.

Quote
There is proof from an IMF study that "trickle down economics" DO NOT WORK.
No, there was no proof.  Your concept that poor people are better for the economy is just silly.

Quote
Now the onus is on you to provide proof to studies that it does work. Instead of repeating the same silly talking points that "rich spend money" or that "corporations spend money". No. "Rich spend money" is not proof that trickle down economics works.

How many poor people have you ever worked for?
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