Reply to No Matter Who You Are Tell Me When You Think Our Current Form of Government Became Dysfunctional?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]

It did not lift all boats as it was advertised that it would do.  Instead we had a further divide in incomes.  [/quote]

No, we had the greatest expansion in U.S. history post WWII. That was coming off of Carter's misery index. Did you forget?

You aren't even attributing the correct quote to the correct person. You're just a liberal trying to argue economics and like the majority of them, when you do, you walk around in circles.

And as to, lifting all boats...ooooh this is going to STING  :lol:

[youtube]http://www.youtube.com/watch?v=aEdXrfIMdiU[/youtube][/quote]

Learn about how the Laffer curve actually works.  Yes, when taxes are at excessive rates, it stifles economic growth.  But, Keynesian theories are still in play, that you need a certain amount of government expenditure and investment and support to make things work.  There gets to be diminishing returns the more you cut taxes, to the point where excessive tax cuts start becoming counterproductive and destructive.  We have already cut and cut and cut.  And with each cut we got less and less return.  In recent decades, we got no meaningful job growth or economic growth, the only thing that happened with tax cuts is that wages stagnated for the working class while the rich got richer and the wealth divide increased.  Tax cuts have gone too far.  We need to reverse course.  We should probably be adding additional brackets for the wealthy along with eliminating some of the write offs and exemptions.  There should be no legitimate reason why a hedge fund trader should be paying a lower percentage than others.[/quote]

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