Dissecting The Demagoguery About 'Tax Cuts For The Rich'

IBD Editorial ^ | July 18, 2011 | The great THOMAS SOWELL

[JimRed]

...the government could collect more tax revenues if it lowered those tax rates, because the changed incentives would lead to more economic activity, resulting in more tax revenues out of rising incomes, even though the tax rate was lowered.

Why on earth would they think that? After all, it's only worked every time it was tried! < /sarc >

[Kaslin]

Ping

[gorush]

Thomas Sowell for President!

[dynachrome]

Ah, yes, the eeeevil rich. They are the reason we can’t have a nice, kumbaya , socialist nation, with rainbow skittles for everyone!

[humblegunner]

“The Great”?

[cripplecreek]

"Workers of all lands, unite — to smash the rule of English capitalism! You young upward-striving nations of the earth, combine to annihilate the old English dragon who blocks the treasures of the earth and withholds from you the riches of the world."

-Robert Ley, German Labor Front leader under Hitler. (Hitler's Trumpka)

[A_Former_Democrat]

It’s un American and unpatriotic, aside from the fact that net worth has much more to do in defining “rich” than taxable income.

Not to mention the very low level at which the income tax rates top out. That’s hardly “rich” especially for a single or married taxpayer that busts his/her butt for 70-80+ hours weekly . . . oh and has to deal with all the red tape and Democratic constituencies as employees or customers.

[A_Former_Democrat]

It’s un American and unpatriotic, aside from the fact that net worth has much more to do in defining “rich” than taxable income.

Not to mention the very low level at which the income tax rates top out. That’s hardly “rich” especially for a single or married taxpayer that busts his/her butt for 70-80+ hours weekly . . . oh and has to deal with all the red tape and Democratic constituencies as employees or customers.

[dynachrome]

“Comrades, with our Maximum Leader, Barak Hussein, we can overcome the imperialistic reactionary forces of Fox, Limbaugh, and Beck!
To the barricades, Blueshirts!”

[cripplecreek]

Can we start calling them brownshorts?

They’re so full of crap that there’s bound to be some leakage.

[mjp]

"the trickle-down theory."

There is nothing trickle down about it. There is only the fact that capital accumulation and economic progress depend on saving and innovation and that these in turn depend on the freedom to make high profits and accumulate great wealth. The only alternative to improvement for all, through economic progress achieved in this way, is the futile attempt of some men to gain at the expense of others by means of looting and plundering. This, the loot-and-plunder theory, is the alternative advocated by the critics of the misnamed trickle-down theory.

[dynachrome]

Brownshirts were Hitler’s minions. I prefer blueshirts because the “Young Pioneers” in the Soviet Union wore blue. Obozo is closer to them.

[jazusamo]

Thanks for the ping, Kas.

*PING*
Thomas Sowell

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[Kaslin]

My pleasure

[Kaslin]

Yes the great. Get over it. If you can’t discuss the article then stay of the thread

[Kaslin]

Did you see the article by Michael Boskin?

Get Ready for a 70% Marginal Tax Rate

[humblegunner]

Yes the great.

Oooh, sounds worshipful. Maybe even naughty.

If you can’t discuss the article then stay of the thread

Your appending "The Great" to his name became part of the article when you posted it.

So.. do y'all tweet pictures back and forth or what?

[Kaslin]

First of all I am not going to get your permission to call Dr Sowell great. Second stay of the thread if you can not discuss the article.

Get it?

[humblegunner]

First of all I am not going to get your permission to call Dr Sowell great.

That's wise. I have no ability to confer royalty or whatever it
is your are trying to give him by concocting a title for him.

Second stay of the thread if you can not discuss the article.

If you want folks to stay "of" the thread, why post it?
If you dislike folks questioning the title you make up for someone, maybe stop making up titles.