Where do people get lowering taxes for the top 5% is the right thing to do?

Question

I would like to see a graph or chart if you have a link. W. Bush lowered them and the economy tanked. It has not helped employment as many claim. Not to mention we have had two simultaneous wars in the time. That in itself usually puts more people to work. It seems that the rich just are pocketing more. The top 5% own almost two thirds of all the wealth in the country. Shouldn't they be paying more? When was the last time a rich man (who stands to have more to loose) fought for the country?

Answer 1

Thirty+ years ago, a republican and his friends got drunk in a bar and decided it was a good time to talk economic policy. The trickle down theory was thought up by these drunkards and written down on a drink napkin. For decades, republicans have continued to claim that this should be the entire basis of our economic policy......giving massive tax cuts to the wealthy and waiting for the wealth to trickle down on the rest of the nation's citizens. We've been waiting all this time, with NO evidence that the Laffer curve was anything more than a three drunk republicans drawing on a paper napkin.

Answer 2

You talk about small businesses, yet are clueless to the fact that a very large percentage of successful small businesses file under individual tax returns. The taxes you want to raise affect the small businesses that are hiring and growing.



Since you also seem immune to facts and the truth, after the 2003 tax cuts, the economy experienced a sustained period of economic growth and job creation that was ended by the housing bubble collapse and the subsequent mortgage finance sector meltdown.



Your failure to acknowledge the fact of the 4 years after the 2003 tax cuts marks you as either ignorant, or deliberately distorting the historical record. Neither reflects well on you.



I will also take issue with your claim that wars put people to work. That hasn't been true since WW2, where we had a huge war economy that was supplying equipment, hardware, etc to half the world. The belief that war improves an economy is belied by the historical records.



Also, you don't seem to grasp the difference between wealth and income. Wealth isn't taxed - income is. The people who you are envious and hateful of may be top earners, but they may not necessarily be the wealthiest people.



Finally, the only thing I know that most people support is to NOT raise taxes. Raising taxes - taking money out of the economy - has a negative effect on GDP and job creation - regardless of the very small reduction to the deficit they might incur, which would still leave us with deficits over $1 trillion.



Sound economic policy realizes the unequivocal fact that the only way to really reduce deficits and debt is through economic growth. Obama's policies, as enacted by the dementedly dangerous 111th Congress, do not foster economic growth - just the opposite.



Supply-side economic policies have proven themselves over and over to increase GDP and foster job creation. Yet you oppose them out of a sense of grievance? Now that is silliness.

Answer 3

Half the population has less than average intelligence.

The right wing policy "promoting the wealthy at the expense of the rest of us" is proof how gullible/remedial people can be swayed to support what victimizes them.

Answer 4

It's just about fairness it isn't about the budget shortfalls. Since half of the people pay 0 federal income taxes we need to get the top 5% paying a little less. At the same time we need to get that bottom half to pay SOMETHING. That way they will have a vested interest in how the money is spent.



Lowering taxes for the top people will just bring them a little closer to the rest of the people and a little closer to being fair.



Also the people who pay the more taxes should get a proportional share of the voting, and those who pay nothng should not be allowed to vote.

Answer 5

Why should somebody have to a higher percentage of what he owns to the government while the majority of the rest of society contributes next to nothing? My federal income taxes last year were 32% of what I made. What was yours? -2%? -5%?



You are a perfect example of somebody signing onto the "penalize them because they're successful" way of thinking, and it's pathetic.

Answer 6

A billionaire told me it would be good to lower his taxes, and I believe him because he's a billionaire. He wouldn't be a billionaire unless he knew a lot about money, would he?

.

Answer 7

they believe that the super rich are the job creators..it's called tinkle down economy..we give all to the richest..and when they are full,they whip out the shlong,and tinkle down upon us..and like happy bay birds we thank them with mouths wide open..it's retarded

Answer 8

You Americans aren't educated and are easily led, I actually feel sorry for you.

Answer 9

The rich have the most money obviously, they create the most jobs. The better off they are, the more jobs that are created.

Answer 10

The economy tanked because of the financial crisis, not because of taxes



Stupid Liberal!