This sounds like an EXCELLENT idea I'm really proud of my president right now.
[editline]12:39AM[/editline]
[QUOTE=ZekeTwo;24672920]Actually, this makes big companies less likely to squirrel away all of their money.[/QUOTE]
Pretty much this.
Which is the main issue when it comes to cutting taxes on the rich because they are more frugal with their money.
[editline]12:43AM[/editline]
[QUOTE=JohnnyMo1;24666807]That's the idea.
Shitty economy -> create incentive to invest -> investment -> economic growth.[/QUOTE]
Core concept of trickle down economics.
This is a great way of implementing it.
I''m really, really digging this.
This is exactly what the Republicans have always wanted, isn't it? Let's see if they put the good of the country above their own political gain for a change.
[QUOTE=Cassettic;24676950]Core concept of trickle down economics.
This is a great way of implementing it.
I''m really, really digging this.[/QUOTE]
That's not what trickle down economics is.
Trickle down states that everyone benefits from economic growth as the wealth trickles down from the top to the bottom which is not true under reaganomics. Basically it's a way for rich people to say they're for 'spreading the wealth around' without actually sharing any of that wealth.
[QUOTE=RichardCQ;24675984]Breaking: Opinions can change after 25 years! More at 10, only on :foxnews:[/QUOTE]
No. Just no.
It seems like the common consensus here is that Regan was a shitty president. I've seen people say that not 5 days ago.
I don't know about you, but I couldn't care less about what Regan did. This is a massively different situation, and this is a great idea for it. We need to re-centralize our infrastructure. We have to make it such that making goods in the US is appealing to business. This seems like a good way to do it.
Would an intelligent person in this thread like to explain to me in layman's terms what this will do to our economy, and how (or if) it is different from Reagonomics?
I have no idea at all what Regan did to the economy nor do I care. The idea behind this, though, is that by creating a massive incentive to invest within the US, the overall effect to the economy (jobs created, more goods to export, not as much outsourcing, new businesses, etc.) will be such a positive force that the massive initial cost will be more than offset, and the USA will possibly get out of this recession.
Or Obama is trying to make up to the rich by removing taxes on investments since he is increasing income tax.
[editline]10:04PM[/editline]
Which is also what it said in the article.
Surprised at the calm and reasonable responses in here, usually anything that smells like Reaganomics whips Facepunch into a fury.
[QUOTE=ASmellyOgreV2;24678378]I don't know about you, but I couldn't care less about what Regan did. This is a massively different situation, and this is a great idea for it. We need to re-centralize our infrastructure. We have to make it such that making goods in the US is appealing to business. This seems like a good way to do it.[/QUOTE]
How is this different?
[QUOTE=Badal;24681159]Surprised at the calm and reasonable responses in here, usually anything that smells like Reaganomics whips Facepunch into a fury.[/QUOTE]
It's not really.
I really like tax breaks, especially ones that promote development and innovation, but this is about the worst thing that could be done in-terms of stabilizing our country. Our government is going broke from 30 years of reckless spending (which has only gotten worse over the past decade) and they want to cut the amount of money it's taking it? It's completely insane! We're already over 12 trillion dollars in the hole!
Obama can't win can he?
[QUOTE=Luxo;24681518]I really like tax breaks, especially ones that promote development and innovation, but this is about the worst thing that could be done in-terms of stabilizing our country. Our government is going broke from 30 years of reckless spending (which has only gotten worse over the past decade) and they want to cut the amount of money it's taking it? It's completely insane! We're already over 12 trillion dollars in the hole![/QUOTE]
Errr, what? One of the reasons why we are in our debt is because of a stagnating economy. Tax breaks are beneficial in almost any way, especially for businesses.
Higher employment = increased revinue = better economy
[editline]12:04AM[/editline]
[QUOTE=Habsburg;24681806]Obama can't win can he?[/QUOTE]
I'm typically anti-obama but i give him a hand for this one.
[QUOTE=zombiefreak;24682507]Errr, what? One of the reasons why we are in our debt is because of a stagnating economy. Tax breaks are beneficial in almost any way, especially for businesses.
Higher employment = increased revinue = better economy
[editline]12:04AM[/editline]
I'm typically anti-obama but i give him a hand for this one.[/QUOTE]
no, the reason we're in debt is because for the past 30-40 years the US has been fucking stupid. the war on drugs, vietnam, reaganomics, the middle east wars, the insane military budget.
if all that dumb shit never happened our debt would probably be half of what it is.
[QUOTE=SgtCr4zyAlt;24682892]no, the reason we're in debt is because for the past 30-40 years the US has been fucking stupid. the war on drugs, vietnam, reaganomics, the middle east wars, the insane military budget.
if all that dumb shit never happened our debt would probably be half of what it is.[/QUOTE]
[IMG]http://images.whatport80.com/images/9/9e/HA_HA_HA,_OH_WOW.jpg[/IMG]
The War on Drugs is a fucking waste of money man.
[QUOTE=SgtCr4zyAlt;24682892]no, the reason we're in debt is because for the past 30-40 years the US has been fucking stupid. the war on drugs, vietnam, reaganomics, the middle east wars, the insane military budget.
if all that dumb shit never happened our debt would probably be half of what it is.[/QUOTE]
You have no idea how the economy works, do you?
And this has nothing to do with our national debt, it to reinvigorate the economy by letting the companies invest without any taxation, which gives them a lot more money to spend.
[QUOTE=SgtCr4zyAlt;24682892]no, the reason we're in debt is because for the past 30-40 years the US has been fucking stupid. the war on drugs, vietnam, reaganomics, the middle east wars, the insane military budget.
if all that dumb shit never happened our debt would probably be half of what it is.[/QUOTE]
Those are all problems, but there's an underlying problem right at the heart of our economic infrastructure.
Well this seems like a good idea, I just hope nobody can exploit it and do something stupid.
I love that some people think Obama is the second coming, and that he's here to improve America's infrastructure. He's not here to fix the core problems with the economy, he's here to put a band-aid on it. Instead of legislating to make sure shit like this doesn't happen anymore, he's just being a businessman for America.
Brains? I wish. he put wall street executives in charge of creating their own TARP Bailout. He let BP handle the cleanup of their own spill at their own sweet pace.
Heart? There isn't an issue he wont cave in on. He even let republicans to water down the health care bill for a year, so he could get zero of their votes.
Nerve? After promising "CHANGE CHANGE CHANGE" He's learned to appreciate bushes illegal wiretaps and how to shut down investigations just by imposing "State secrets." and he's gonna let America ride the Iraq occupation til 2016, just to see where it takes us
So what I'm really saying is we haven't lost our country. We couldn't lose it, because it was never OURS to begin with.
fuck obama he's fucking satan
[QUOTE=Jiyoon;24696690]I love that some people think Obama is the second coming, and that he's here to improve America's infrastructure. He's not here to fix the core problems with the economy, he's here to put a band-aid on it. Instead of legislating to make sure shit like this doesn't happen anymore, he's just being a businessman for America.
Brains? I wish. he put wall street executives in charge of creating their own TARP Bailout. He let BP handle the cleanup of their own spill at their own sweet pace.
Heart? There isn't an issue he wont cave in on. He even let republicans to water down the health care bill for a year, so he could get zero of their votes.
Nerve? After promising "CHANGE CHANGE CHANGE" He's learned to appreciate bushes illegal wiretaps and how to shut down investigations just by imposing "State secrets." and he's gonna let America ride the Iraq occupation til 2016, just to see where it takes us
So what I'm really saying is we haven't lost our country. We couldn't lose it, because it was never OURS to begin with.[/QUOTE]
How is this pertinent to the topic of this thread?
I foresee factions, but I'm pessimistic
someone fund me ive got a startup
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