tag:blogger.com,1999:blog-3856837.post1138928198883573555..comments2023-10-24T09:06:30.200-04:00Comments on No More Mister Nice Blog: Steve M.http://www.blogger.com/profile/11963290427258439242noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3856837.post-79869689059478703032014-02-11T11:26:36.405-05:002014-02-11T11:26:36.405-05:00Payroll tax is a huge mistake.. how many times do ...Payroll tax is a huge mistake.. how many times do we have to hear that SS "contributed to the deficit" because of that stupid rebate?<br /><br />bump up the earned income tax credit and the standard deduction if you want to cut taxes.Joey Blauhttps://www.blogger.com/profile/00185289301820663520noreply@blogger.comtag:blogger.com,1999:blog-3856837.post-31645836464470750462014-02-10T22:23:28.725-05:002014-02-10T22:23:28.725-05:00The only reason--the ONLY reason-tax cuts were eve...The only reason--the ONLY reason-tax cuts were ever on the table is the idea pushed since Reagan that cutting taxes would raise revenue because somehow rich people would invest so much so hard in the economy that the taxes that were left would leave us rolling in dough. That has been disproven over and over. It never happens. Rich people don't invest more money when you let them keep more by lowering their tax rate. They hoard it and gamble with it and sit on it unless they get a guaranteed, untaxed, return. They don't have to put it to work by investing it because--they are keeping so much of it they don't need to worry about working at all, much less making thei rmoney work.<br /><br />And we've known this since David Stockman ran off the reserveration screaming. We've known it since the beginning. It was all bullshit. So there is no reason, ever, to give tax cuts to the rich if your intention is either to create jobs (since they won't do that with their untaxed lucre) or to raise revenue (since their non working money won't create economic growth and thus tax revenue). <br /><br />The only reason Obama has had to offer to extend the bush tax cuts is literally to buy off an intransigent right wing which demands, on behalf of its ownership class, extortion and cash in order to participate in the political process. There is no logical reason to offer tax cuts, and no moral case for offering tax cuts and certainly no economic case for doing so.aimaihttps://www.blogger.com/profile/03956073425680585780noreply@blogger.comtag:blogger.com,1999:blog-3856837.post-53797982034725322122014-02-10T18:55:29.315-05:002014-02-10T18:55:29.315-05:00I'm also with Krugman on this.
However, I seri...I'm also with Krugman on this.<br />However, I seriously doubt this has anything to do with the right wing's capacity for reason; its more about their honesty (or more specifically, the lack thereof).Montyhttps://www.blogger.com/profile/09939179094042200758noreply@blogger.comtag:blogger.com,1999:blog-3856837.post-9656697220215122932014-02-10T18:10:18.933-05:002014-02-10T18:10:18.933-05:00I don't like a payroll tax cut. It will just o...I don't like a payroll tax cut. It will just open the door wider for attacks on Social Security. Fiscally good but politically awful.John Taylorhttps://www.blogger.com/profile/17986833434755638518noreply@blogger.comtag:blogger.com,1999:blog-3856837.post-57571879951792705132014-02-10T16:42:20.605-05:002014-02-10T16:42:20.605-05:00Sure. And maybe if you give a pack of rabid hyenas...Sure. And maybe if you give a pack of rabid hyenas half a cow they won't savage you when you try to pat them. <br /><br />Unfortunately, there is no way to conduct the Rabid Hyena 1/2 Cow Pat Test that doesn't result in everyone except the hyenas getting their asses bitten off so ... No.<br /><br />(With apologies to rabid hyenas.)Juleshttps://www.blogger.com/profile/17390791792685104671noreply@blogger.comtag:blogger.com,1999:blog-3856837.post-39063445697375213462014-02-10T15:25:50.119-05:002014-02-10T15:25:50.119-05:00Wait, I think I've seen this movie.Wait, I think I've seen this movie.aimaihttps://www.blogger.com/profile/03956073425680585780noreply@blogger.comtag:blogger.com,1999:blog-3856837.post-19120120654041100862014-02-10T15:16:29.106-05:002014-02-10T15:16:29.106-05:00Here's where I think you're mistaken, Stev...Here's where I think you're mistaken, Steve.<br /><br />Republican Presidents, from Ike, to Nixon, to Reagan, to both Bush's, had NO problem with economic stimulus packages that they could take credit for.<br /><br />And, if the win in 2016, I fully expect one of the first that the new Republican President will do, is ask for a major economic stimulus package.<br />It'll all be in how they sell the rubes in their base, that this WON'T be a stimulus package.<br />They'll call it the "Ronald 'Maximus' Reagan, 'Morning in America' - AGAIN - Definitely NOT a Stimulus, Act 0f 2017."<br /><br />Maybe I'm wrong, but...Victorhttps://www.blogger.com/profile/06609452382111686086noreply@blogger.com