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Old 12-01-2014, 10:39 AM   #1
bagher
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tax raise vs tax cuts, which state did better?

California increased taxes, GOP led Kansas cut taxes, guess which state is doing better?

http://america.aljazeera.com/opinion...economics.html
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What I find most comical is the irony of Bagher's gif. The "fart" serves as a perfect microcosm of his contributions to this forum... bunch of obnoxious air from a blowhard who contributes zero value and just clutters the discourse. Congrats on being a pest.
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Old 12-01-2014, 12:40 PM   #2
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Well this certainly appears to be a thorough analysis
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“I wanted [Jimmy] Carter in and I wanted [Ford] out,” comedian Chevy Chase would later admit of his mocking Ford impersonation on "Saturday Night Live", “and I figured look, we're reaching millions of people every weekend, why not do it."
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Old 12-01-2014, 01:27 PM   #3
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More thorough than anything actually supporting the effectiveness of supply-side, tinkle-down, coddle-the-rich economics propounded by the right/GOP and sadly acceded to by the Dems the past 30 years or so.

In real world practice, it seems supply side economics basically slaps all but the richest Americans upside the face, as Kansas now seems bent upon learning for itself in its rapidly falling economic status in the Brownback era.
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Old 12-02-2014, 03:31 PM   #4
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Yep this is such conclusive evidence focusing on one state that is one of the top 5 most important and one that is in the bottom 5.
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Old 12-02-2014, 04:26 PM   #5
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Yep this is such conclusive evidence focusing on one state that is one of the top 5 most important and one that is in the bottom 5.
State A: Male governor
State B: Female governor

State B outfperorms State A in random criteria: "See we tried it your way, men just aren't effective leaders!"

idiots
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“They have the guns and therefore we are for peace and for reformation through the ballot. When we have the guns then it will be through the bullet.” - Saul Alinsky, quoting Lenin

“I wanted [Jimmy] Carter in and I wanted [Ford] out,” comedian Chevy Chase would later admit of his mocking Ford impersonation on "Saturday Night Live", “and I figured look, we're reaching millions of people every weekend, why not do it."
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Old 12-02-2014, 04:27 PM   #6
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State A: Male governor

State B: Female governor



State B outfperorms State A in random criteria: "See we tried it your way, men just aren't effective leaders!"



idiots

And if State A did better it's because of sexism.
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Old 12-02-2014, 04:41 PM   #7
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And if State A did better it's because of sexism.
Classic shallow infographic arguing
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“I wanted [Jimmy] Carter in and I wanted [Ford] out,” comedian Chevy Chase would later admit of his mocking Ford impersonation on "Saturday Night Live", “and I figured look, we're reaching millions of people every weekend, why not do it."
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Old 12-02-2014, 04:49 PM   #8
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Came in expecting "article" from Mother Jones. Instead got "article" from the network Al Gore sold out to.

Fvcking gold!
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Old 12-02-2014, 05:24 PM   #9
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I am wondering if anyone here actually read it.
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Old 12-02-2014, 05:48 PM   #10
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I am wondering if anyone here actually read it.
I skimmed through it earlier but when I get time, I'd like to read through it again and digest what's being published here to understand if all the facts line up.
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Old 12-02-2014, 07:41 PM   #11
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I am wondering if anyone here actually read it.


Not many.

It's simply showing the Laffer Curve theory in action. Bias aside, it's an interesting article from a economic standpoint. Tax cuts don't always = success, despite what some claim, is the moral of the story.
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Old 12-02-2014, 08:04 PM   #12
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Not many.

It's simply showing the Laffer Curve theory in action. Bias aside, it's an interesting article from a economic standpoint. Tax cuts don't always = success, despite what some claim, is the moral of the story.
Yep. Quickly highlights what can go wrong when applied absolutely and incorrectly. Allowing business profits taxfree created a great loophole. Personally I think giving tax breaks to businesses is alittle backwards. Give them to the consumers. They will create the demand that drives growth. Also the extreme application, as mentioned, hurt Kansas revenue. It is basic finance. If expenses > revenue the difference must come from somewhere. If it cant be covered by taxes perhaps investment/loans which come with a high interest (tax) rate. Not much in economics is absolute, but it seems ideology is full of them.
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Old 12-02-2014, 09:56 PM   #13
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Meanwhile over on Forbes.

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Governor Brownback's Promises Become Reality For Kansas

Last week, the Kansas Department of Labor and the U. S. Bureau of Labor Statistics (BLS) released October 2014 jobs and earnings reports that are sure to galvanize the nationwide push for sensible state tax policy.

In the two years since Kansas’ tax-reform measures went into effect, the promises of Governor Sam Brownback’s administration are becoming a reality. I challenge tax-and-spend naysayers to dispute the following facts:

8,400 seasonally adjusted non-farm jobs have been added since September;
Workers saw their earnings grow by 3.3 percent in a year; and
The Sunflower State’s unemployment rate is now 4.4 percent, down from 5.2 percent a year ago.

And this week, even more good news was released. Nine Kansas counties now have an unemployment rate of less than 2 percent. (Rates below 4 percent are considered full employment.) In Wallace County, which now has an unemployment rate below 1.5 percent, just 18 people are unemployed and actively seeking work. Combined, the 20 counties of northwest Kansas have an unemployment rate of just 2.23 percent.

Justin McFarland, Kansas Director of Labor Market Information, rightfully proclaimed that the employment gain “continues to lead Kansas’ comeback from the Great Recession” and that the “increased income will continue to drive growth.”

This is good news for working families and their employers. Not so much for Brownback’s well-funded opponents, including the National Education Association and the American Federation of Teachers, which spent $60 million to defeat fiscal conservatives in the mid-term elections.

Powerful adversaries of Brownback’s pro-growth tax policies painted a dire “sky is falling” picture of the countless misfortunes that were sure to destroy the state’s economic future. While they may want to say and believe as they wish, the proof is in the numbers.

And while data is critical to the political process of creating good state fiscal policy, the most important figure is the 2.9 million people who live in Kansas whose lives are impacted by these policies. Kansans elect the people who are tasked with solving problems, and as the facts emerge, it appears that they have chosen wisely.The quantitative, 50-state data that is thoroughly documented in An Inquiry into the Nature and Causes of the Wealth of States (which I co-authored with Stephen Moore, Art Laffer, and Travis H. Brown) shows that every measure of economic prosperity is linked to taxation. Those states that limit or eliminate distortionary taxes, the worst of which are those placed on personal and business income, are able to expand their local economies.
http://www.forbes.com/sites/rexsinqu...ty-for-kansas/
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Old 12-02-2014, 10:00 PM   #14
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Not many.

It's simply showing the Laffer Curve theory in action. Bias aside, it's an interesting article from a economic standpoint. Tax cuts don't always = success, despite what some claim, is the moral of the story.
Would you attribute corporations sitting on profits and not trickling down those dollars to workers as part of the reason the trickle-down economics theory isn't valid as of late?
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Old 12-03-2014, 11:17 AM   #15
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It Brownback himself who was touting his foray into deep-dive Tinkle-Down economics would set an example for the rest of the country, the "Kansas Red State Experiment."

To quote:

Quote:
"On taxes, you need to get your overall rates down, and you need to get your social manipulation out of it, in my estimation, to create growth. We'll see how it works. We'll have a real live experiment!"
Sam Brownback appearing on Morning Joe on MSNBC, ~June 19, 2012

Well, we're all seeing how it works (not so well, per the usual) and thus its certainly fair to call him (Kansas) out on that failed "experiment" and to cite some counter examples of states that raised taxes and are doing well (California).

Is this in any way definitive? Of course not but neither is it illegitimate to raise either. However, given the rather dreary record of large tax cuts, generally highly tilted to the rich and powerful, to actually reduce deficits and debt and enhance economic stability, I would say the Kansas Experiment is but another nail in an already bristling coffin for Tinkle Down Economics.
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Old 12-03-2014, 11:36 AM   #16
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It rained today, I got a raise!

RAIN CAUSES RAISES!!!!!
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“I wanted [Jimmy] Carter in and I wanted [Ford] out,” comedian Chevy Chase would later admit of his mocking Ford impersonation on "Saturday Night Live", “and I figured look, we're reaching millions of people every weekend, why not do it."
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Old 12-03-2014, 11:38 AM   #17
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It rained today, I got a raise!

RAIN CAUSES RAISES!!!!!
I motion that we pour water on all major cities in order to give people raises and stimulate the economy.
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Old 12-03-2014, 11:49 AM   #18
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I motion that we pour water on all major cities in order to give people raises and stimulate the economy.
Dont be like the poster above you.
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Old 12-03-2014, 11:50 AM   #19
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Dont be like the poster above you.
It's a bit late for that, don't you think?
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Old 12-03-2014, 11:53 AM   #20
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It's a bit late for that, don't you think?
You are 19 or 20? Do you think it is too late?
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