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Biden: "Raising taxes, studies show, will not slow the economy at all..will make it function better"
Ovation Eddie Two ^ | 6/4/21 | Joe Biden

Posted on 04/05/2021 5:08:57 PM PDT by Eleutheria5

Biden: "Raising taxes, studies show, will not slow the economy at all..will make it function better"

(Excerpt) Read more at youtube.com ...


TOPICS: Business/Economy; Humor; Miscellaneous; Society
KEYWORDS: biden; bizarroeconomics; miltonfriedman; potatus; taxes
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To: carcraft

Quite frankly, I have no sympathy for corporations. I used to support them and leftists hated them. Now I hate them and leftist love them. Irony.


41 posted on 04/05/2021 5:56:45 PM PDT by DeplorablePaul (s)
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To: Eleutheria5

It’s just money the little people won’t get to spend but the Democrats will flush it down their toilet


42 posted on 04/05/2021 5:58:54 PM PDT by butlerweave
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To: Eleutheria5

Every single Democrat president has raised taxes, and every time, it has messed with the economy, from Carter to Biden.


43 posted on 04/05/2021 6:00:01 PM PDT by Terry L Smith
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To: frogjerk

False: As a business owner I cannot spend more of what I don’t have so I can’t “stimulate” the economy.
As soon as taxes go up my costs increase, cash flow shrinks and so does profit margin which minimizes investment.


So if you are not making anymoney you don’t have a tax problem do you? Doesn’t matter how high taxes go.

If you are making money you will do tax planning to reduce your taxes. Not wise but what is done.

What do you think the 179 expensing election is about? Biden raises taxes, business will spend more to reduce taxes. What world do you live in?


44 posted on 04/05/2021 6:00:02 PM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: Eleutheria5

We’re hearing that advice from the president not of the U.S. (we do not have a real president), but the president of DENSA. There is no one extant who is less intelligent, has fewer morals, or is more of a complete POS. Welcome to the choice of today’s DemocRAT collection of vermin.

Vermin must be dealt with appropriately.


45 posted on 04/05/2021 6:00:25 PM PDT by Da Coyote
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To: Eleutheria5

I think he’s got that backward...


46 posted on 04/05/2021 6:02:27 PM PDT by jughandle (Big words anger me, keep talking. )
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To: gov_bean_ counter

“There is no lie that this man will not tell”

He didn’t write it, he didn’t think it. Just a promised pudding Cup tonight for agreeing to say it.


47 posted on 04/05/2021 6:10:40 PM PDT by DAC21
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To: Eleutheria5

The Laffer curve was created so that we could laugh at the brain-dead lefties...

;-)


48 posted on 04/05/2021 6:11:29 PM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: cgbg

The Laffer curve was created so that we could laugh at the brain-dead lefties... :-)

That would make a great tagline....


49 posted on 04/05/2021 6:21:02 PM PDT by wjcsux (RIP Rush Limbaugh 12 Jan 1951- 17 Feb 2021. We really miss you. 😢)
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To: Eleutheria5

Wow! Problem is a good percentage of Amerikans will believe him


50 posted on 04/05/2021 6:22:49 PM PDT by albie
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To: Eleutheria5

Name the studies Lieden


51 posted on 04/05/2021 6:26:01 PM PDT by HollyB
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To: BenLurkin

I’m sure that starving will make me much happier.


52 posted on 04/05/2021 6:35:17 PM PDT by Salamander (Salamander has barbaric tendencies.../Gundog)
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To: PeterPrinciple; frogjerk

You’ve obviously never invested in a business. The only way what you are saying works is if the business owner raises prices to keep the cash flow going in order to invest in more equipment, if that is even necessary. In most cases, unless the assets are needed, they will raise prices in order to pay the additional tax. Smart business owners do not spend $20,000 on a vehicle just to save 3K or 4K in taxes.

Raising taxes does NOT stimulate spending in the real world unless you are talking about government spending.


53 posted on 04/05/2021 6:35:52 PM PDT by Pendergast (We need Trump to form the “America First” party.)
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To: Eleutheria5

So if we raise taxes to 100%, we’ll have a utopia? :)


54 posted on 04/05/2021 6:46:51 PM PDT by Tzimisce ( )
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To: Eleutheria5

Yup, when all those pesky corporations leave CONUS, we all have more elbow room and time on our hands


55 posted on 04/05/2021 6:51:00 PM PDT by Steven Tyler
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To: gov_bean_ counter

“Studies show” = “I’m just totally pulling this out of my **s.”


56 posted on 04/05/2021 6:52:01 PM PDT by OKSooner ("Nucular combat, toe to toe with the Rooskies!")
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To: Eleutheria5

Studies? Sure. You can commission a study to say anything you want.

History on the other hand... Shows raising taxes in a struggling economy is completely idiotic.


57 posted on 04/05/2021 6:52:28 PM PDT by Dead Corpse (A Psalm in napalm...)
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To: Eleutheria5

Leftist democrats lie about everything.


58 posted on 04/05/2021 6:52:42 PM PDT by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: Pendergast

You’ve obviously never invested in a business. The only way what you are saying works is if the business owner raises prices to keep the cash flow going in order to invest in more equipment, if that is even necessary. In most cases, unless the assets are needed, they will raise prices in order to pay the additional tax. Smart business owners do not spend $20,000 on a vehicle just to save 3K or 4K in taxes.

Raising taxes does NOT stimulate spending in the real world unless you are talking about government spending.


I could say that YOU have never invested in business. What do you think is the psychology of fast depreciation and 179 election? It is there because it works for the govt to increase spending.

I didn’t say it was wise, I said it because it is done. I spent 30 years working with small small business and it was always tax planning. In a sole proprietorship you are soon in a 45% tax bracket with the se tax and state tax. You can drive a $66,000 pickup or have $33,000 in the bank. If cash flow allows many choose the $66,000 pickup.

There is a psychology to business, you can study the textbooks all you want but sometimes you better get in the real world. Do you really think anyone will pay a 90% tax? Hell no, they spend money unwisely in the business.


59 posted on 04/05/2021 6:55:52 PM PDT by PeterPrinciple (Thinking Caps are no longer being issued but there must be a warehouse full of them somewhere.)
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To: Eleutheria5

“Studies have shown” - right. Also, “The check’s in the mail” and “I’ll respect you in the morning.”


60 posted on 04/05/2021 7:09:08 PM PDT by Billthedrill
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