Comments by "bighand69" (@bighands69) on "Fox u0026 Friends Lose Minds Over Basic Math" video.

  1. It is quite simple maybe even socialist can understand this. You raise the taxes too high and those that can afford it will move.  I left the UK for the US as the taxes were too high there. And if they got too high in the US I will leave there as well. 
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  2. The US is spending 600 billion more than what it is taking in. So yes it needs to make massive cuts.  Taxing the rich is not going to grow the economy. This has been tried time and again. There are too many government programs like food stamps. 
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  3. Fray2221 I care and that is why I moved.  And I would do it again if taxes get too high. I did not work 100 hour weeks so that some welfare slob can sit down in some super market for 10 hours per week and get the rest of her salary paid for by welfare. 
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  4. Fray2221 Highly unlikely to happen that I am going to leave America.  There is good opposition in America to big government policies that boarder on socialism. At least less of my tax dollars goes on welfare slobs in America.  My wife is American and my children are America so I am unlikely to leave but if taxation was to become too high and push me to a point that the government takes more from my business than I do then I will leave for a more sensible economy.  But again not going to happen. 
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  5. JFK and Reagan showed that by cutting taxes the economy would grow. And by tax cuts it would be straight acorss the board.  Everybody would get it.  And then in the interim period there would be a deficit but the economy would then get growth to a point it would over take the deficit.  Raising taxes does not work. 
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  6. He speaks nonsense.  In a modern global economy companies will just move and so will individuals. The taxes are to mostly pay for welfare ironically that the wealth do not need. 
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  7. 250k a year US is not rich.  It is not even close to being rich. 
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  8. +SFO14 If they are making $50k in America then they are paying more taxes than they should be. But if they lived in the UK they would be paying even more again. In the UK anybody earning more than 34K a year would pay 40% where as in the US it would be 25%. Under President Eisenhower the rich and I mean very wealthy would pay 25%. And that was the wealthiest period in American history. Conservatives in the US will not allow taxes to get any higher and when there is a conservative president the rates will be lower. Trump plans to take them down to Eisenhower levels.
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  9. +Smokey McBongWater You are talking nonsense. If they "socialize" healthcare it will mean everybody will pay more taxes hence they will have less income to spend. Reagan increased average household income by lowering taxation and this in turn meant people had more money to spend and this generated more expenditure in the economy. That is why unemployment under Reagan went from 13% down to 5%.
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  10. +John Burt A family in the US who earns $50,000 per year would pay about 15% in the UK that exact same family would pay 40%. The UK has a far higher tax liability than the US. None of this is hard to understand.
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  11. +Smokey McBongWater In the UK if you earned that kind of money you would pay 50% taxation where as in the US you pay 28%. And if you lived in the UK with that income you would pay private healthcare insurance like the US because you would not trust the public system.
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  12. +John Burt Income 40%, capital gains 40%, Vat was about 18% and national insurance was 8%. Divides rates may have been about 40% as well. I am recalling this off the top of my head. I have no problem paying taxes for access to services but not for fat out of work slobs who would never work no matter what. Up to 50% of UK expenditure is welfare state based.
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  13. YES.  The US during this period dominated cars, electronics, radio, pharmaceutical and many more.  
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  14. soda1yes The US today has a 600 billion deficit.  The only two modern presidents that created the proper economic conditions to get rid of a deficit were reagan and JFK. And how did they do this. They cut taxes and expenditure.  When this is done the deficit does not disappear right away it takes years and the national debt still builds up in the mean time.  The UK also done this as well they cut taxes in the great recession of the 1930s and guess what the UK did not have a great depression but the US did and it raised taxes during this periods.  SO what were you saying about right wing there. 
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