Since MasterP wanted proof he is wrong, I am here to give it to you.
MasterP said:
NuRayZ said:
again it’s not all about money masterp, what did we have to show for those 8 glorious years of tax cuts, war, and spending?
The highest Dow Jones in the history of the stock market. I’d say that’s at least worth something…
Until you look at the fact that the Dow Jones DECREASED by over 2500 points while he was in office. On Jan 20, 2001, it was at 10659.98, on Jan 20, 2009, it was at 8077.56. Yup, seems like he did a great job.
MasterP said:
Bitey said:
What I can’t stand for right now is the inability for conservatives to see that the obnoxiously wealth are killing our economy. Do you not realize that defending them makes you look like a complete jack *edited*? Let’s defend the guy who sits on a throne instead of the guy who makes an honest day to day living, YEAH THAT MAKES PERFECT SENSE, GOD I BET THE GUY ON THE THRONE IS PERFECT AND HAS DONE NOTHING WRONG HE DESERVES ALL OF THAT MONEY!What you fail to realize is that the vast majority of the wealthy got it by honest, day to day living. The difference being they targetting their labor into more productive enterprises or simply rose the corporate ladder better. What you’re saying is that since they’re more successful than you are, as a nation, we should punish them with 90% taxes. How is that fair? Who determines what is and is not “wealthy”? What happens when people start thinking that anything above minimum wage should be taxed 90%? Surely you don’t think THAT’S fair…
I hate to say it Bitey, but MP is right here. http://www.outsidethebeltway.com/rich_work_more_than_the_working_class If you work hard for the money and earned it… hard to argue with that.
MasterP said:
Bitey said:
So here is the honest to God truth, when the economy is down, we need to tax the *edited* out of the rich. When it is up and we are in peace times, national debt is down, give them a tax cut. I think that is a fair solution for everyone.So you haven’t read anything I’ve posted here. Go re-read my first post which details how and why that policy doesn’t work and gives a historic example of when the exact opposite worked beautifully. I’m not going to waste my time retyping it, it’s not what you want to hear and puts a giant crack in your view of reality so I’m not really expecting you to read it. At least pretend like you did though so you aren’t saying the same things over and over after being proven wrong by your own historic example.
Again MP is correct. When the economy is down you need to lower taxes to increase spending and be willing to absorb that increase in national debt. When times are good, raise taxes and cut down the national debt. This is exactly what Clinton did in the 90s and it worked great, but if we weren’t already in an economic upswing, raising taxes would have stalled out our economy.
Ok so really that is all I could comment on, and I only really found 1 thing he said that I strongly disagreed with so….