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whyamimrpink78
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Comments by "whyamimrpink78" (@whyamimrpink78) on "Ted Cruz Lies To Republican Voter's Face" video.
Recessions happen, how we recover is key. Only two recessions took over 5 years to recover from. They are also the only recessions that the federal government tried to fix with massive spending and regulations
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Recession happen because of growth. Growth can be steady and also can be radical and destructive. Just like evolution in nature, a sport's franchise or the evolution of school. For an example of each in evolution at times species go extinct and new ones appear. New disease appear, that is destructive. But also gradual changes happen. In a sport's franchise a successful one will face ups and downs. In school you start with Kindergarten up to 6th grade (or 4th, or whatever is highest in you elementary). You are the top and then next year you are at the bottom in middle school. You are at the top in 8th grade and then the bottom as a freshman, and so on. Same with the economy. With growth will be recessions. That's fine as when left alone we recover quickly as people naturally adjust when needed.
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Michael Hart, you are correct. Tax revenue as a percent of GDP has been essentially the same for decades despite varying tax rates.
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Please stop looking at KS. First off, they are above average in GDP growth. Next, look at Connecticut. High taxes and a crap economy.
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Jrsydvl, there is more to the economy then just taxes. However, you can look at TX. Low taxes and a strong economy. You keep looking at KS but nothing else. I wonder why?
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"All three are top GDP and state budgets." There is a correlation with GDP and population. Also, CA is number 1 in poverty rate when you include PPP and is number one in Gini coefficient. "Why do you let the right keep pushing the cliff notes that all they need to do is cut taxes and get the economy going then rake in the revenue? " I understand it isn't that simple. But why are people supporting Bernie on the idea that we can tax everyone and it will save use money? "That was the Kansas experiment. That was how it was sold and it is a collosal failure. " And again we go back to Kansas. You just said state economies are complex. You are contradicting yourself.
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Jeremy Chase, some facts Since 1940 federal government spending went from 12% of GDP to 20% of GDP. Defense spending went from 10% of GDP to 3% The top 10% pay 70% of federal income taxes while earning 40% of the income. We have see the expansion of taxes with the creation of the payroll tax in the 60s and the expansion of federal regulations with the creation of the EPA and OHSA. The government the left wants with 1. more spending 2. more regulations 3. higher taxes, especially on the rich 4. cutting defense spending Has been happening for decades. Now think about that when you talk about the "problems" we have in the US.
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Austin Stone, 80% of Colorado voters disagree
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Intellectual person: That type of analysis takes days of research and a write up that will be many pages long that most people in the country won't understand the math behind. And even at that a solid conclusion still can't be made.
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No one paid that 90% rate. In 1967 there were 155 Americans who earned over $200,000 that paid $0 in federal taxes. That is why that tax reform bill was passed.
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Hermes, so I am an idiot for stating facts?
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Raise corporate taxes and corporations leave. What is 35% of 0? Now what is 15% of 1? Which number is higher?
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More revenue for the people and companies to spend which they actually invest which creates more jobs. More jobs means more tax payers thus more revenue. High taxes does not always mean more tax revenue. What is higher? 50% of 100 or 10% of 1000?
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Under Reagan we had strong economic growth.
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You do know that CEO was removed from his position for the company struggling under him? I did not take what that CEO said seriously as an actual CEO will invest their finances into their company such as workers. There is a reason why that CEO no longer has a job as a CEO.
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The poor pay almost no taxes to begin with. You can't cut something that small.
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Where did he lie? What he said is true. Also Kyle has lied in many ways. He has no room to call someone a liar.
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I did not vote for Trump.
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No one paid those high rates. So we can mention them.
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So can you blame Clinton for GW Bush's shortcomings?
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Because the idea of taxing the rich and more federal government spending has been tried for decades now.
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Alex, during that time every other nation was rebuilding and we weren't. We have an edge at that point.
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They Have A Cavetroll, tax cuts for all brackets is on the table. Here are some facts. Since 1940 federal government spending went from 12% of gdp to 20% Since 1960 defense spending went from 10% of gdp to 3% The top 10% earn 40% of income while paying 70% of federal income taxes. The idea of taxing the rich, spending at the federal level, and cutting defense spending has been done for decades.
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Mckenzie .Latham, I admit all of that. I want a simplified tax code with no refunds or exemptions at the federal level.
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They Have A Cavetroll, I said earlier that the rich are being taxed the most and have been for decades. I then expanded on the fact that the government the left wants have been happening for decades. Meanwhile, politicians and their friends get richer. Maybe it is time for a change.
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"Which also means the rich will be able to conserve more wealth and threaten the nation under an oligarchy." How?
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Extreme, to add, I rather take 2 steps back and 10 steps forward. That's fine. It becomes a problem when you either take no steps back or take steps back and don't proceed at all.
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James Mills, that is a solid justification. You will have times where you will take steps back and the economy evolves. New jobs are created, old ones are destroyed, new products come and go, etc. ". But depressions are NOT natural. " I agree, and look at the two times we had them. They are the only two times where the federal government tried to "fix" the economy with massive spending, regulation, and higher taxes under FDR and under Obama. "That’s just common sense!" It is not as it is debated no both sides.
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"The biggest 3 crashes of the last century were all preceded by the same laissez-faire attitude to economics that you clearly believe in" No true at all. There have been two big crashes with slow recover, 1929 and 2007. There were followed with the federal government having massive spending, more regulations and higher taxes. If the federal government during those times did nothing and the recession took over 10 years to recover from all these leftists will cry how it was laissez-faire economics that caused that. However, that did not happen. In 1921 a crash happened and the federal government did nothing and within a year we recovered. Recession happen, how we recover is key.
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Mckenzie .Latham, I agree policies influence the economy. We can have an economy with no crashes, but it will also have no growth. We can stick to the path we are on now that Obama established and we will not have a crash, but we right now have no growth. Is that what you want? With success comes failure. Recessions happen in a growing economy. An economy grows the more free it is.
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