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| Tax Cuts for the Wealthy Will Not Stimulate the Economy; Government Spending on Infrastructure Will | |
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| Tweet Topic Started: Oct 24 2012, 01:56 PM (353 Views) | |
| tomdrobin | Oct 24 2012, 01:56 PM Post #1 |
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Fire & Ice Senior Diplomat
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http://www.policymic.com/articles/3429/tax-cuts-for-the-wealthy-will-not-stimulate-the-economy-government-spending-on-infrastructure-will |
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| Berton | Oct 24 2012, 09:08 PM Post #2 |
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More taxes means more deadweight on the economy. |
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| Brewster | Oct 24 2012, 10:11 PM Post #3 |
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Fire & Ice Senior Diplomat
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Good article, Tom,and very true. In addition, investing in infrastructure and education is a very good first step in convincing industry to invest in manufacturing at home, as the experience in Canada and elsewhere has shown. |
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| Berton | Oct 24 2012, 10:15 PM Post #4 |
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http://s1.zetaboards.com/Fire_And_Ice/topic/4974105/1/#new |
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| Pat | Oct 24 2012, 10:45 PM Post #5 |
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When Obama talked congress into the first stimulus, the pitch was that shovel ready infrastructure work was needed and this was the perfect fit. Hire workers for those jobs. But as I understand it, very few shovel ready jobs were out there and the idea fizzled at the launching pad. So my question is can you name the infrastructure programs that are ready to go, ready to hire additional workers, and will in the short to mid term time frame, help alleviate the economic woes? Talk is cheap, let's see what you are talking about. Secondly, how many math and science teachers are unemployed right now? The president says we need more and by hiring them, this too will help the economic recovery. Our jobs and economic woes exist right now, I think we all agree we need infrastructure investment and math and science teachers, but come on, are you hanging the economic stimulus on pie in the wsky here, or is this idea on the runway ready to fly? |
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| Deleted User | Oct 25 2012, 12:23 AM Post #6 |
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Tax cuts for the rich have done and will do nothing to help this country. I have been claiming that for years |
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| Pat | Oct 25 2012, 12:27 AM Post #7 |
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Fire & Ice Senior Diplomat
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I don't doubt you for a moment Joe. |
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| tomdrobin | Oct 25 2012, 04:57 AM Post #8 |
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Fire & Ice Senior Diplomat
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Many economists said at the time, that the stimulus wasn't big enough. Increased funding for education for hiring math and science teachers is for long term competitiveness not an immediate recovery remedy. Increase government spending and taxing to pay for it is the way out of this mess. Romney's claim that his business success will translate into job creation is another fantasy. Herbert Hoover was an extremely successful businessman. His acumen certainly didn't help him get the economy going in the great depression. |
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| Berton | Oct 25 2012, 05:02 AM Post #9 |
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So you think more money for no shovel ready jobs to spend it on would have helped? Would you explain that and also explain how more taxation gets around the deadweight problem. |
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| tomdrobin | Oct 25 2012, 05:10 AM Post #10 |
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Fire & Ice Senior Diplomat
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Deadweight problem? You mean Romney's 47%? Expiring all the tax cuts would go a long way toward fixing that. The one loonie paranoid conspiracy I wish were true is the FEMA camps. We could do wonders for the gene pool by rounding up the senile right wingers.
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