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Topic: The first female president

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SLM85VOL

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Re: The first female president
« Reply #56 on: December 24, 2017, 02:23:21 PM »
It never ceases to amaze me how little liberals understand about basic economics.  

  • Of course tax cuts always benefit the people that pay taxes.   A reduction in the tax rates does nothing for those that don't pay federal income taxes.  
  • Raising tax rates while writing loopholes for your cronies doesn't bring in more revenue
  • Small and mid-size businesses are the ones hurt the most by high tax rates.   They can't afford the powerful lobbyists that big corporations hire to procure tax breaks.
  • Small and mid-size businesses are the economic engines of the country, responsible for most of the job growth.
  • Small business owners make up a large segment of the rich that liberals so love to demonize.  
  • Businesses tend to behave rationally.  They will act to reduce expenses, including their federal income tax burden, when possible.  If this means they have to relocate to a low-tax environment like Ireland, they will do it.  
  • Punishing success does not make the country prosper.

There was a time when the Democrat Party stood up for the taxpayer.  Now they are nothing more than the party of envy.  
Yep!  Another rich business owner trickling his money down to his employees:  https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/luisakroll/2017/12/22/billionaire-bob-parsons-is-giving-employees-1-3-million-in-bonuses-thanks-to-gop-tax-bill/&utm_source=FBPAGE&utm_medium=social&utm_content=1241332039&utm_campaign=sprinklrForbesMainFB&refURL=https://www.facebook.com/&referrer=https://www.facebook.com/#59033adc44df
« Last Edit: December 24, 2017, 05:54:05 PM by SLM85VOL »
"Everyone thinks I'm the best damn coach in the country.  But he taught me everything I know.  I never beat him, but I learned a lot from playing him."  Bear Bryant on the General

DunkingDan

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Re: The first female president
« Reply #57 on: December 24, 2017, 05:28:57 PM »

Quote from: SLM85VOL on Today at 02:49:57 PM

''According to fuzzy, that tax savings won't trickle down to anybody but the rich--the top 8% who pay a vast majority of the tax anyway.''

The only trickle down Fuzzkid feels is ..........................

Only the intentionally blind, the liar, or the village idiot will try and say that essentially everyone is not benefiting. Was the bill perfect? No, and even if it was everyone would not be satisfied.  
President Harry S. Truman said: “The fundamental basis of this nation’s laws was given to Moses on the Mount.  The fundamental basis of our Bill of Rights comes from the teachings…  If we don't have the proper fundamental moral background, we will finally wind up with a totalitarian government which does not believe in rights for anybody except the state.”

SLM85VOL

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Re: The first female president
« Reply #58 on: December 24, 2017, 05:38:42 PM »


"Wow!  I hope they don't let you near any knives!"

They actually trusted me in the USAF with nukes:  Minuteman II ILCS ICBMs and shocker--no detonations.           :93:
"Everyone thinks I'm the best damn coach in the country.  But he taught me everything I know.  I never beat him, but I learned a lot from playing him."  Bear Bryant on the General

DunkingDan

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Re: The first female president
« Reply #59 on: December 24, 2017, 06:00:00 PM »

"Wow!  I hope they don't let you near any knives!"

They actually trusted me in the USAF with nukes:  Minuteman II ILCS ICBMs and shocker--no detonations.           :93:
You won't believe what they trusted us with in Oak Ridge!!!
Thank you for your service. I hope you and yours have a Merry Christmas and a Happy and Safe New Year
President Harry S. Truman said: “The fundamental basis of this nation’s laws was given to Moses on the Mount.  The fundamental basis of our Bill of Rights comes from the teachings…  If we don't have the proper fundamental moral background, we will finally wind up with a totalitarian government which does not believe in rights for anybody except the state.”

HK_Vol

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Re: The first female president
« Reply #60 on: December 24, 2017, 07:24:14 PM »

http://doc.cat-v.org/economics/bar_stool_economics

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that’s what they decided to do. The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. “Since you are all such good customers”, he said, “I’m going to reduce the cost of your daily beer by $20”. Drinks for the ten now cost just $80.

The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his “fair share?”

They realized that $20 divided by six is $3.33. But if they subtracted that from everybody’s share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man’s bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so:

The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33%savings).
The seventh now pay $5 instead of $7 (28%savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings. “I only got a dollar out of the $20,” declared the sixth man. He pointed to the tenth man, “but he got $10!” “Yeah, that’s right,” exclaimed the fifth man. “I only saved a dollar, too. It’s unfair that he got ten times more than I!” “That’s true!!” shouted the seventh man. “Why should he get $10 back when I got only two? The wealthy get all the breaks!” “Wait a minute,” yelled the first four men in unison. “We didn’t get anything at all. The system exploits the poor!” The nine men surrounded the tenth and beat him up.

The next night the tenth man didn’t show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn’t have enough money between all of them for even half of the bill!

And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D.

SLM85VOL

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Re: The first female president
« Reply #61 on: December 25, 2017, 12:51:51 AM »
http://doc.cat-v.org/economics/bar_stool_economics

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that’s what they decided to do. The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. “Since you are all such good customers”, he said, “I’m going to reduce the cost of your daily beer by $20”. Drinks for the ten now cost just $80.

The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers? How could they divide the $20 windfall so that everyone would get his “fair share?”

They realized that $20 divided by six is $3.33. But if they subtracted that from everybody’s share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man’s bill by roughly the same amount, and he proceeded to work out the amounts each should pay.

And so:

The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33%savings).
The seventh now pay $5 instead of $7 (28%savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings. “I only got a dollar out of the $20,” declared the sixth man. He pointed to the tenth man, “but he got $10!” “Yeah, that’s right,” exclaimed the fifth man. “I only saved a dollar, too. It’s unfair that he got ten times more than I!” “That’s true!!” shouted the seventh man. “Why should he get $10 back when I got only two? The wealthy get all the breaks!” “Wait a minute,” yelled the first four men in unison. “We didn’t get anything at all. The system exploits the poor!” The nine men surrounded the tenth and beat him up.

The next night the tenth man didn’t show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn’t have enough money between all of them for even half of the bill!

And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D.
Yep--heard this before but it never gets old.
"Everyone thinks I'm the best damn coach in the country.  But he taught me everything I know.  I never beat him, but I learned a lot from playing him."  Bear Bryant on the General

fuzzynavol

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Re: The first female president
« Reply #62 on: December 25, 2017, 07:58:43 AM »
Yep--heard this before but it never gets old.

Yep - having pity for the 1% of the people who own 40% of the wealth because their taxes are higher is pure comic gold!  



Jrlcm

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Re: The first female president
« Reply #63 on: December 25, 2017, 11:21:03 AM »
So, I'm curious Fuzz.  How would you have divided the bar bill, both before and after the change?

fuzzynavol

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Re: The first female president
« Reply #64 on: December 25, 2017, 12:20:36 PM »
So, I'm curious Fuzz.  How would you have divided the bar bill, both before and after the change?

If wealth is divided ad disproportionately among those 10 guys as it is in the US, I would probably have the top guy pick up the whole tab.  I certainly would if I was him.  


roadvol

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Re: The first female president
« Reply #65 on: December 25, 2017, 02:25:55 PM »
For some reason I can't see you picking up the tab for anyone.
I would think you would start an organized march on the bar and demand the government pick up the tab for everyone.......then force the bar out of business for not being inclusive to people who don't want to pay for their drinks. :96:

fuzzynavol

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Re: The first female president
« Reply #66 on: December 25, 2017, 03:17:13 PM »
For some reason I can't see you picking up the tab for anyone.



DunkingDan

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Re: The first female president
« Reply #67 on: December 25, 2017, 04:49:58 PM »
For some reason I can't see you picking up the tab for anyone.

Only after he stole from you err imposed a tax on you for the tab, then he would beat his chest and say look how generous I am 
President Harry S. Truman said: “The fundamental basis of this nation’s laws was given to Moses on the Mount.  The fundamental basis of our Bill of Rights comes from the teachings…  If we don't have the proper fundamental moral background, we will finally wind up with a totalitarian government which does not believe in rights for anybody except the state.”

 

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