Anvilbrother

Solyndra Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

Relation Between Hauser's Law and the Laffer Curve Recently, I published a short article on Hauser’s law on Caveman. This law is an empirical observation, not a theory. In other words, people can observe that since WWII, tax receipts have varied within a narrow band of 15% to 20% of GDP, even though top tax rates have varied from 28% to over 90%. People might have an intuition as to why this has happened but they don’t have a theory to predict the results. Some have concluded that taxing the rich is futile because the GDP (and tax revenues) goes down as the tax rates go up. The purported reason is that the rich quit working so hard or they find ways to shelter their income. These reasons seem plausible. But there are many caveats to any conclusion one might draw from this data. First, the data doesn’t hold for years prior to WWII. Also, we can’t conclude what might happen if top tax rates were less than 28%, because we have no data. The tax revenues in the data include things besides income tax; strictly income tax data is not quite as stable as looking at all tax revenues. That said, the data is amazingly consistent. It cannot be ignored. Somehow this observation must be related to the Laffer curve which has been discussed previously on these pages. Simply stated, the Laffer curve is a conclusion that though tax revenues must be zero when tax rates are zero, tax revenues increase proportionately as tax rates are increased, to a point. But as taxes become significant in people’s and companies’ decision making, strategies are developed to reduce the impact of taxes. Therefore the curve of tax revenues begin to slow down, and in fact peak, as tax rates keep increasing. Taking the other extreme, one would have to admit that tax rates could be imagined that are so high that the economy slows to a halt, resulting in zero tax receipts, again. Thus we have a curve starting at zero at zero tax rates and peaks before heading back to zero at some exorbitant tax rate. Most politicians cannot understand this simple analysis. They keep thinking that if they keep increasing tax rates, revenues will come along wagging their little tails. Not so. Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

Don't even have to go into solyndra do we? Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

Another Obama supporter Jp Morgan Chase used their 25 billion to buy out other banks.... Gave Obama... $808,799 Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

What happened to Goldman Sachs 12.9 bailout given by Obama again? Goldman Sachs contributions to Obama $1,013,091 , his second highest doner... Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

Please state facts, I can't google "they fixed the game" and get your facts. Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

Ooh yea just how did they fix the game? Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

Better let your boy know "Crunching the numbers at the liberal think tank the Center for American Progress, analyst Michael Linden found that if one compares the cost of tax cuts in just the first four years of Bush’s term (2001–04) to the first four years of Obama's (2009–12), Obama’s tax cuts are bigger. The value of the Bush tax cuts were about $475 billion in those first four years, or about 1.1 percent of GDP. Obama’s total about $1 trillion, or 1.6 percent of GDP. Obama has cut taxes to lower levels than Bush did, says Linden. This is because, of course, Obama thus far has extended all of the Bush tax cuts and then cut taxes on top of that. His original stimulus bill in 2009 had $290 billion in Making Work Pay tax cuts. His speech Thursday night before Congress advocated for another $175 billion in payroll tax cuts, which come on top of $110 billion from last December’s budget deal. Speeded-up expensing for business adds another $10 billion or so. All in all, Obama is responsible for many billions in tax cuts, yet the popular perception is that he has raised taxes." Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

As long as they did it legally and ethically quit crying, work hard, or get your own good idea! Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

Yea tell me that when a politician gets an IPO and it makes him alot of money he is not expected to favor that company or industry later down the road. Even if someone manages his funds for him he can still give them inside info about future bills that affect a certain industry. Even without telling the manager to do anything directly they can drop hints that allow them to move their money in favor of future laws. Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

Your making my point for me! Stop the under the table deals and set up loans that are doomed from the start given as political favors. You should be pissed your money is going to the 1% but you still sit there and bitch that we are not giving enough...so they can have more to mismmanage? Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

I'm all for the essentials. But 750,000 for a pizza vending machine for a school that only ended up selling 300 pizzas due to mechanical issues does not sound like essentials. Quit generalizing everyone but yourself as rednecks that sleep with farm animals. No one is saying fire all the teacher, firemen, cops, dpw workers, trash the infrastructures, etc.. It's the WASTE. You could cut all that shit out, stop handing money under the table, and be fine with the current tax code or less I would give you a run for your money on that tax bracket.... Please google wasteful government spending. It's too much to list here. Everything from 200k to study the isralies reaction to skud attacks to 100 million in unused airline tickets lost because they were not used, 661 million in unpaid credit transactions owed by politicians while traveling. The SEC spent 3.9 million to rearrange desks.... Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

Obama gun salesman of the year 3 years and running lol Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

Cool. I just let mine lapse, gotta renew it soon. Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

http://www.politico.com/news/stories/0911/63853.html Even your own people think 47 cents on the dollar is wasted by the government! Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

Agreed. Cops do get out of hand sometimes Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

No cut useless programs and live within your means we don't have to be a global savior of all mankind or useless slackers sitting on their asses at home. Taxing people to death is not the answer. If your happy about paying high taxes then your not paying any or dumb. Would you be happy paying 50-75% taxes?? Hell let's just send all our money to Obama, and he can give back what he thinks we need... Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

That's retarded!!!! It's his freaking money he earned it not yours or mine! Yea when he spends it he is gonna be taxed at 9-10% not a criminal ass raping 55%. My mom got in a terrible car accident 10 years ago and was awarded an annuity from it due to the other drivers gross negligence. Her and my dad got a divorce after he cheated on her a few years back and she had to cash it in to pay off her house in order to have an budget she can work with. By the time she cashed it in half of it was gone to uncle Sam! It's CRIMINAL I say! By your logic you owe me half of your skydiving gear because I don't have as much and you have more to spare. Pm me your address I will send a box to you to ship it in Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

[/url]http://moveleft.org/subprime/crisis_continued.html[url] What can we expect in the future? The so-called stimulus package is unlikely to create a noticeable number of jobs, because most of the planned spending -- actually around 90 percent -- is not an investment, but rather political spending [12-13]. While we cannot expect inventment into the economy, we will nonetheless have massive debt [14]. The figure to the right illustrates the sheer abyss of deficit we are facing (do I remember that Mr. Bush was critisized for his 2004 budget deficit?). This deficit will have to be paid off, eventually. How? Tax the wealthy? This strategy would not work as there are too few "wealthy" to tax. It might alleviate envy complexes in Mr. Obama's constituency, but it will not noticeably reduce a $2 trillion debt. Tax the poor? This would not work either. First, a large amount of the people don't pay taxes at all, and second, this is exactly Mr. Obama's constituency. Other countries? This might work, but it would de-value the Dollar and hurt imports. Specifically, goods for consumption (China) and energy would get more expensive. This leaves only one avenue. Inflation. And its consequence: rising interest rates. Please compare this scenario to Mr. Obama's election promises [15]. To quote from the document where Mr. Obama promised more fiscal discipline: "The cost of our debt is one of the fastest growing expenses in the federal budget. This rising debt is a hidden domestic enemy, robbing our cities and states of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on. ... If Washington were serious about honest tax relief in this country, we'd see an effort to reduce our national debt by returning to responsible fiscal policies." Barack Obama, Speech in the U.S. Senate, March 13, 2006 Now look at the figure to the right. Is this the level of debt we can expect from somebody who so vehemently critisized the Bush administration's level of debt? Is this fiscal responsibility? Mr. Obama and his fellow liberals in Congress have indeed created a new "hidden domestic enemy" of unprecedented strength. This enemy, a mirror image of the liberals who created it, is here to stay. This is where we are heading: a federal deficit that is too big to be paid back, massive inflation, and dramatically increased interest rates. This is what we got: a federal deficit that robs our cities and states of critical investments in infrastructure, that robs our families and our children of critical investments in education and health care reform; that robs our seniors of the retirement and health security they have counted on. Thank you, Mr. Obama, for the clarification. Before someone named A jumps in here and starts name calling and making up their own words. I learned a long time ago that anything on credit is a loosing deal. Why pay anyone to borrow money if you don't have to. Its called a budget, and it should be at 0 or in the positive at the end of the month/year. I don't care if it was Washington Bush Regan Clinton or Obama. Just happens Obama is the one who is doing it now. Cut spending you can't tax or borrow your way out of this. Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

There already are agreements with alot of states, are you saying this would mean a nationwide reciprocity agreement? Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

Agreed. For all we know he was throwing rocks at cops. Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

Shit will buff out. Some grey tape, and it will be better then a new dolphin:) Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

You don't fucking read do you. I never said I support it, I'm pro choice as I said above. Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

Who can when the bills are hundreds or thousands of pages long, written in lawyer speak...And filled with earmarks that have nothing to do with the bill Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,

Your so full of it! I know you believe they would convict women for it too, like miscarriages never happen naturally... Postes r made from an iPad or iPhone. Spelling and gramhair mistakes guaranteed move along,