Quote:
Originally Posted by WhiplashDug
No, your wrong entirely. The US produces the ONLY system in the world where you can move UP the social ladder from any starting point. NO WHERE else on earth do people live like they live here. Even our poor people would be considered very wealthy in most of the rest of the world.
There is a REASON everyone is trying to get here - its because everywhere else basically sucks! Part of that reason is because of our economic system. "The land of opportunity" is not just some made up bullshit - its actually the truth.
Taxes are inhibitive of growth! Especially when they are levied on the rich. Every dollar you take in additional income tax is another dollar not spent in the economy. That means, less taxes overall - since NONE of that money goes back into the economy creating industry, jobs, sales and MORE TAXES at every level of that economic production.
You can all sit here and try to restate all the spin you've heard on the telle all you want, but in truth, if you spent the time to go back and actually review the facts, you would see that EVERY TIME taxes have been cut (Kennedy, Reagan & Bush) the economy responded with record growth and total tax revenue INCREASED dramatically!
To say that the tax cuts have negatively impacted revenues - is an outright lie.
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Wow. You just took this to the extreme. There is a world outside of your boarder.
Unfortunately your argument is useless because in no time in history has your country simultaneously spent so much on war while at the same time reducing income and borrowing from foreign economies. Does it not scare you that China could very realistically have you by the balls someday soon? Not to mention Saudi Arabia which owns what 10% of the country already?