The Soapbox

Joined: 03/05/2014 Posts: 19565
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Reducing taxes reduces costs which reduces prices. This is elementary...

I understand that Keynesians don't see it that way, but they are wrong and have been proven wrong on their claim over and over and over.

I'll ask you a question that the lefties on this board have so far refused to answer -- how do tax cuts "pump money into the economy", as you stated in an earlier post? Taxes are simply a confiscation of private sector wealth by the public sector. With taxation, dollars that would have been "pumped into the economy" by the private sector according to its goals are now instead "pumped into the economy" by the public sector (via government spending of tax dollars) according to its goals. The number of dollars is not changing in this scenario. So, how is cutting taxes "pumping money into the economy" when the number of dollars in the economy doesn't change?

As for regulatory changes, I would scrap most of what is in place -- we need a flamethrower here, not a scalpel -- but two obvious ones that would help right now would be to curtail COVID- and energy-related regulations.

(In response to this post by CMUHoo)

Posted: 05/19/2022 at 1:04PM

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Dow 1/21/21 - Close 31,188. Dow this AM - 31,129. -- Hoodafan 05/19/2022 09:35AM

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No, he mocked me years ago for recommending TSLA. He’s to stoopid -- WaxHoo 05/19/2022 12:25PM

Excuse me, but his name is Brandon. ** -- DownTownHoo 05/19/2022 10:30AM

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What would you like him to do differently? -- CMUHoo 05/19/2022 10:11AM

Cut taxes, spending and regulation -- the same things you'd always do... -- Los Angeles Hoo 05/19/2022 10:28AM

Prime example of Maslow's Law of the Instrument" -- The Grand WazHoo 05/19/2022 4:52PM

In what circumstances, ever, are those not your solutions ** -- WaxHoo 05/19/2022 12:26PM

Pretty much never unless... -- Los Angeles Hoo 05/19/2022 1:11PM

Lol! Yep. That's the ticket. ** -- HoosWillWin 05/19/2022 12:00PM

The Robitussin for intellectually incurious Republican dopes. Worked -- WahooRQ 05/19/2022 10:36AM

Your pat answer for every situation -- CMUHoo 05/19/2022 10:35AM

My “pat answer” to starvation is to eat, just like my… -- Los Angeles Hoo 05/19/2022 12:18PM

And when you're wrong, you're wrong. -- CMUHoo 05/19/2022 12:42PM

Reducing taxes reduces costs which reduces prices. This is elementary... -- Los Angeles Hoo 05/19/2022 1:04PM

I'll take your last question first -- CMUHoo 05/19/2022 2:18PM

Tax cuts don't need to be "paid for". Spending needs to be paid for... -- Los Angeles Hoo 05/19/2022 4:13PM

Not a single one of those COVID rules is government mandated -- CMUHoo 05/19/2022 5:31PM

Not government-mandated?... -- Los Angeles Hoo 05/19/2022 5:51PM

In other words, you’re a vapid political sound byte machine who doesn’t -- WahooRQ 05/19/2022 2:01PM

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Well, that's something, I guess. ** -- Los Angeles Hoo 05/19/2022 3:16PM

Cutting taxes raises the deficit which is inflationary -- hoodeyo 05/19/2022 1:55PM

No, it does not if spending is cut by the same amount as... -- Los Angeles Hoo 05/19/2022 2:13PM

I don't really view it as a problem that way, -- hoodeyo 05/19/2022 2:20PM

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Not to mention “cutting spending” to these clowns never includes the actual -- WahooRQ 05/19/2022 10:46AM

He has no real understanding of how things work. He sees so many layers of -- 111Balz 05/19/2022 10:43AM

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You don’t think I’m depressed enough without adjusting for inflation? ** -- hoolstoptheheels 05/19/2022 10:45AM

My apologies, heels. ** -- Los Angeles Hoo 05/19/2022 1:10PM

*** -- Los Angeles Hoo 05/19/2022 1:09PM

31,167. Fake Nooz now! -- Hoodafan 05/19/2022 10:29AM

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There will be no "I told you sos" when I only join you in celebrating that -- Hoodafan 05/19/2022 10:51AM

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So then, what exactly has Biden done to negatively impact the economy? ** -- 111Balz 05/19/2022 10:29AM

TeLL uS wAt WoOD U DuE ** -- ryno hoo 05/19/2022 10:15AM

I always forget if we’re supposed to use the Election Day or start day. -- fphoo 05/19/2022 10:06AM

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