Reaganomics (macroeconomically) worked in the 80s (it lifted us out of the stagflation of the 70s.) Oddly enough, both supply-siders and Keynesians think that their model is correct, despite the fact that you can just about look at the description of the two and figure out that reality is probably somewhere in between.
"Reaganomics" may be credited with lifting us out of 70s stagflation, but it's hard to know why. Republicans point to lower taxes, but that era also saw a significant increase in deficit spending. It's hard to know if the recovery was due to lower taxes or from huge amounts of borrowed money being pumped into the economy.
Paper gains are almost never taxed
My main point still holds: we tax work a lot more than wealth in this country
Rich people pay above 30%.
False. Rich people don't make money from wages. They make money from investments, dividends, and bond interest. That's why the super rich pay almost no tax (and why C-levels get paid in stock as opposed to salary). In the US we tax income from work, but we do not tax income from wealth.
Palestineans paying? Not really. They are funded by the EU.
Israelis paying? Not really. They are funded by the US.
They need to break free of their corporate mentality and market this thing to the general public, not just their loyal BB users.
It's time for change and since one man, who promised to bring it, couldn't. It's time for 300+ million of us to.
He did not promise to bring it. He urged us to be a part of it. Our response - elect a bunch of right-wing lunatics that held the rest of our country hostage over their ideals. We have ourselves to blame. This is who we put in office. It's a reflection of ourselves.
(what? you slept through your high school economics where they explained that deficit spending is the very definition of inflation?)
Might want to revisit the chapters on Money Supply and Money Creation. The financial meltdown and massive loan defaults essentially vaporized money supply (translation: much of the collateral capital on banks' books related to housing prices didn't actually exist).The various economic stimuli unleashed in the last few years were used to offset this reduction in money supply and prevent deflation. Think if the stimulus as making up insane for past inflation in some sectors of the economy.
PURGE COMPLETE.