Topic: Stimulus

Did you know that Ronald Reagan did a 'stimulus' that resulted in 24 MILLION jobs being created? Well of course you did not if your not a Conservative. To the leftist media this little fact is hidden as quickly as possible.

So how did he do it? What was his miracle move? How could anyone create that many jobs?


He cut taxes to the rich.



Oh now I did it... look at the liberal foaming at the mouth!!!!


You see there is a reason they are rich, and the ONLY way they stay rich is by providing... *GASP* ... Jobs...


Name a black hole these rich throw money into where it is never used...


If they have needs, they spend money. So this means food, gas, power, and such.

If they have desires they spend money... So this means art, travel, and the likes.

If they have extra money sitting around, it is placed somewhere... like a bank account, a stock, a bit of property, or otherwise.



Every last penny they have is involved in our economy. The artist gets money for art. This is how art is supposed to live, by the rich investing more here than anyone else. The banks get to use the savings for investing elsewhere, earning the bank money and the rich a little bit more money. The staff of the rich get jobs. The properties they own pay taxes, and most often are maintained by staffers who purchase local goods to help keep up the property.

The rich provide in all aspects a great deal more than anyone else to the economy. THEY ARE THE ENGINE. If I had to put a percentage of their 'total worth' that is not working for the economy or for the Government (taxes wise) I would say it is .001%

The cash I keep in my truck represents 1% of my income. Therefore I actually waste more of my income, as far as taxes and the economy are concerned, than the rich. Their money is ALWAYS in use.




It is so sad that many Liberals will not cry foul when Steve Jobs earns 50% of the selling price of his products as profit, but scream bloody murder at Insurance companies earning 4%. The entirety of the double standards is that one is percieved as helping, at this time, and the other is not seen as helping. I assure you if the Insurance companies had Union Members then there would be no outcry against them, even if the prices increased 10% a year due to Union Salaries increasing 10% a year...


Companies need profit to be able to expand, to be able to make investments in themselves, to be able to improve their products, to make investors happy, and so forth. Profits are natural.


If companies stopped making profit, then why would a 401k invest in them? No profit means no dividends, means no 401k in the company. Then a Katrina comes along and the company is just gone... no savings because of no profits, so no way to rebuild.


For instance my company self insures up to 5 million dollars in loss. This means it needs profits to cover a real bad year.



A special note. If we told all companies to give up all their savings, we could get a LOT of money in theory... but then the stock market would collapse like no tomorrow. You see much of their profits, indeed much of the insurance monies we keep in insurance companies.. is tied into the stock market. This would mean everyone is trying to get their 'money' at once. Since this would drop so fast, the typical company would see at best 1% of their investment returned to them. Profit runs EVERYTHING.


So if you want to create a Stimulus, you do not give money to your friends (like Obama did), you do not give it to companies the public prefers (Like Spain did), you do not give endless unemployment  benefits (Socialistic Europe) but instead you cut the taxes on companies and the rich.

Everything bad in the economy is now Obama's fault. Every job lost, all the debt, all the lost retirement funds. All Obama. Are you happy now? We all get to blame Obama!
Kemp currently not being responded to until he makes CONCISE posts.
Avogardo and Noir ignored by me for life so people know why I do not respond to them. (Informational)

Re: Stimulus

They are scared to do that.  Everyday Americans can not grasp this concept you have layed before us.  Especially with news networks trying make everything the government does over dramatic and drawn out.  All the working middle class will see is the less money being taken from people with more money than them.  If they get a tax cut of 200000$ a year then why do i have to pay 40$ more this year? will be the question most asked.(numbers just an example)  But the answer wont be understood.

Quack.

Re: Stimulus

Oh your point on ignorance is taken, however typically revenues increase as well as how much the rich pay as taxes come down (due to the dynamic of faster moving money making more money)

The effect will also result in less unemployment which the ignorant WILL notice, and higher general wages, which they will also notice.


24 million jobs is no joke, and it was very noticable.

Everything bad in the economy is now Obama's fault. Every job lost, all the debt, all the lost retirement funds. All Obama. Are you happy now? We all get to blame Obama!
Kemp currently not being responded to until he makes CONCISE posts.
Avogardo and Noir ignored by me for life so people know why I do not respond to them. (Informational)

Re: Stimulus

I want to point out that it's better to reduce taxes on the upper middle class and lower rich (the people who probably own small businesses), and not so much on the super rich. The super rich love high taxes on the "rich" because progressive taxes do not apply to them and it eliminates competition.

Re: Stimulus

The super rich MAKE JOBS HAPPEN.

They never have as much a percentage in 'cash'  as anyone else does percentage wise. They use their money to makr more money.

Only art sits. ONLY ART! And that is the only way art is supposed to be funded.

Everything bad in the economy is now Obama's fault. Every job lost, all the debt, all the lost retirement funds. All Obama. Are you happy now? We all get to blame Obama!
Kemp currently not being responded to until he makes CONCISE posts.
Avogardo and Noir ignored by me for life so people know why I do not respond to them. (Informational)

6 (edited by Justinian I 04-May-2010 04:32:05)

Re: Stimulus

Einstein,

I disagree. Small/medium businesses account for 44% of the US work force, and for 64% of net new jobs since 1993-2008. We should focus on them, especially on reducing their taxes. I know of small companies who pay 50% of their gross revenue to the government... seriously, wtf? Furthermore, since Obama took over, he has made it more difficult for people to be private contractors. It's time to stop caring about big business and stimulate some competition for the fat losers.

Edit: Employees of small business are also 13 times as to produce patents, and 2 times as likely to have their patents be among the 1% most cited.

Large companies really are fat losers, and it's no secret that many of them are only fat because the government made them that way.

http://web.sba.gov/faqs/faqIndexAll.cfm?areaid=24

Re: Stimulus

Oh I agree the big companies are 'coasting' right now.

Under Reagan they were becoming more efficient and they were actually competing well.

However there has been a steady slide since, sadly.

However we end the largess, and they will be forced to compete again.

Everything bad in the economy is now Obama's fault. Every job lost, all the debt, all the lost retirement funds. All Obama. Are you happy now? We all get to blame Obama!
Kemp currently not being responded to until he makes CONCISE posts.
Avogardo and Noir ignored by me for life so people know why I do not respond to them. (Informational)

Re: Stimulus

They realized that inside trading is more profitable than good oldfashioned competition.  Even enemies will work together if the price is right.

Quack.

Re: Stimulus

Well, I do not knoww if Reagan did it, and if it created 34m jobs, however, i agree with flint that over taxing the rich is a blatantly stupid idea.

I think taxes on enterprise and abolishing bonuses is crippling for economies.

NEE NAW NEE NAW

Primo

Re: Stimulus

True, but granting bonusses to bankmanagers is just perverted at this time.. tongue

God: Behold ye angels, I have created the ass.. Throughout the ages to come men and women shall grab hold of these and shout my name...

11 (edited by [TI] Primo 04-May-2010 10:29:57)

Re: Stimulus

[quite offtopic and uncalled for]

"So, it's defeat for you, is it? Someday I must meet a similar fate..."

Re: Stimulus

It depends, WFS, ofcourse, granting millions of bonuses when a bank is not profitable is rediculous. But if the leadership of an able leader is making a bank flourish, he should be rewarded for that.

If you do not reward courage and leadership when it's going well, but do punish it when it's not going well, noone is going to want to take initiative and nothing happens.

NEE NAW NEE NAW

Primo