Comments by "Mark Armage" (@markarmage3776) on "Does the Laffer Curve Make Any Sense?" video.

  1. His answer fell apart when he says that higher taxes will help the economy. The fell of the likes of Milton Friedman and Thomas Sowell led to the uprising of fake intellectuals. Hey, dummy, the rich are not the ones who save their money, where do you think bank gets money to lend other people? Where does the hedge funds get their money from? You? Abra kadabra? It's kind of hypocritical to say that the rich is getting richer, yet says that the rich saves all their money. If they just save, how do they get richer fast? Laffer curve is never used in general tax rate, dummy, it's used within the brackets of taxes, that's why a reduction in the tax of the 1% is always bigger than tax reduction of the middle class, because, dummy, the tax rate of the 1% is way too high on the curve so that the rate is not optimal. Whether you think what is the optimal rate depends on research, Empirical evidence always show that lower tax increase the economy as well as the tax revenue, but because the economy increases faster then the GDP ratio of tax revenue goes down. But 100 billions as 15% of something is still bigger than 90 billions as 20% of something. The dumbest thing is thinking that taxing yourself can bring more wealth, where did you learn math? It's never used on the left, because the theory will go against the result of the left. You raise taxes, it will decrease tax revenue, by whatever means, people hating you and find ways to avoid the stealing you're committing by finding loopholes, or people not bothering to work and fire their employees, which results in less tax collected in the bottom half. Taxation doesn't create wealth, it's just necessary stealing. But 10% of the top paying 70% of the tax? How is this not stealing? Even the payroll tax, which is supposed to pay for the the social programs, are a trap, last year they collected 1.2 trillion to pay for a 1.8 trillion program. The left is bad at math, really bad. Oh and abortion is killing a baby by the way. Go into an abortion clinic, tell me what does the corpses looks like? Bunch of cells or human life. A head, 2 arm, 2 legs, a torso, it's all there.
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  2. His answer fell apart when he says that higher taxes will help the economy. The fell of the likes of Milton Friedman and Thomas Sowell led to the uprising of fake intellectuals. Hey, dummy, the rich are not the ones who save their money, where do you think bank gets money to lend other people? Where does the hedge funds get their money from? You? Abra kadabra? It's kind of hypocritical to say that the rich is getting richer, yet says that the rich saves all their money. If they just save, how do they get richer fast? Laffer curve is never used in general tax rate, dummy, it's used within the brackets of taxes, that's why a reduction in the tax of the 1% is always bigger than tax reduction of the middle class, because, dummy, the tax rate of the 1% is way too high on the curve so that the rate is not optimal. Whether you think what is the optimal rate depends on research, Empirical evidence always show that lower tax increase the economy as well as the tax revenue, but because the economy increases faster then the GDP ratio of tax revenue goes down. But 100 billions as 15% of something is still bigger than 90 billions as 20% of something. The dumbest thing is thinking that taxing yourself can bring more wealth, where did you learn math? It's never used on the left, because the theory will go against the result of the left. You raise taxes, it will decrease tax revenue, by whatever means, people hating you and find ways to avoid the stealing you're committing by finding loopholes, or people not bothering to work and fire their employees, which results in less tax collected in the bottom half. Taxation doesn't create wealth, it's just necessary stealing. But 10% of the top paying 70% of the tax? How is this not stealing? Even the payroll tax, which is supposed to pay for the the social programs, are a trap, last year they collected 1.2 trillion to pay for a 1.8 trillion program. The left is bad at math, really bad. Oh and abortion is killing a baby by the way. Go into an abortion clinic, tell me what does the corpses looks like? Bunch of cells or human life. A head, 2 arm, 2 legs, a torso, it's all there.
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  3. Lowering taxes don't help the poor or the middle class? For first thing, the poor doesn't pay any taxes, their payroll tax is not enough to cover for their social programs by the way. So the only way of helping the poor is to? Generate jobs, dummy, and who generate jobs? You? Or the people with enough money and competency to manage it? Your welfare trap is the thing that never helped the poor or the middle class.
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  4. His answer fell apart when he says that higher taxes will help the economy. The fell of the likes of Milton Friedman and Thomas Sowell led to the uprising of fake intellectuals. Hey, dummy, the rich are not the ones who save their money, where do you think bank gets money to lend other people? Where does the hedge funds get their money from? You? Abra kadabra? It's kind of hypocritical to say that the rich is getting richer, yet says that the rich saves all their money. If they just save, how do they get richer fast? Laffer curve is never used in general tax rate, dummy, it's used within the brackets of taxes, that's why a reduction in the tax of the 1% is always bigger than tax reduction of the middle class, because, dummy, the tax rate of the 1% is way too high on the curve so that the rate is not optimal. Whether you think what is the optimal rate depends on research, Empirical evidence always show that lower tax increase the economy as well as the tax revenue, but because the economy increases faster then the GDP ratio of tax revenue goes down. But 100 billions as 15% of something is still bigger than 90 billions as 20% of something. The dumbest thing is thinking that taxing yourself can bring more wealth, where did you learn math?
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  5.  @SmartChannel01  Yeah, that's not how it goes, pal. The stupid idea of giving people free money to buy whatever they want is mathematically insane. Because then it's the equivalent of creating money out of thin air. Go back to school, learn some math. Demand doesn't create wealth, because demand without the ability to actually pay for the things you want via valuable labor is useless. Yes, there are useless labors. You can see those labourers in prison. Dealing drugs is sort of a labor, it damages human beings, but it's still labor. People are flawed, you will not give just anybody your money, so I suggest you stop being a hypocrite with other people's money and grow up. You can't produce more than you can consume, but you also can't demand what you don't have the ability to buy.
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