Private payrolls boom in July, increasing by 219,000 vs 185,000 estimate

[Dave]

58 minutes ago, 1jkw said:

It explains that there was large Government spending increases.

Can you name one time in the last 40 years when tax cuts weren't accompanied by increased spending?

Good point.

[racer254]

2 hours ago, 1jkw said:

It explains that there was large Government spending increases.

Can you name one time in the last 40 years when tax cuts weren't accompanied by increased spending?

How about naming the times when tax cuts did not coincide with increased revenue? 

Edited August 2, 2018 by racer254

[Highmark]

12 hours ago, Snoslinger said:

I’ve asked for examples of businesses hiring workers solely because they got a tax break and nobody can provide any. Only in trump world does a company get a break in taxes, then turn around and hire workers to stand around doing nothing. Demand creates jobs dumb fucks, not tax breaks.

   Company's can't create demand themselves in the marketplace?

If a company decides to upgrade equipment/facilities that isn't creating demand in economy?

How about if a company decides to introduce a new product based on knowing the consumer has more money to spend in a growing economy?  

I love how you simpletons only think demand comes from the consumer buying a new IPhone or what not.   You people are cute with your stupidity.  

[SnowRider]

35 minutes ago, Highmark said:

   Company's can't create demand themselves in the marketplace?

If a company decides to upgrade equipment/facilities that isn't creating demand in economy?

How about if a company decides to introduce a new product based on knowing the consumer has more money to spend in a growing economy?  

I love how you simpletons only think demand comes from the consumer buying a new IPhone or what not.   You people are cute with your stupidity.  

 Trying to stick a square peg in around hole.......with your justification for tax cuts.  

[racer254]

7 minutes ago, SnowRider said:

 Trying to stick a square peg in around hole.......with your justification for tax cuts.  

I even put out a picture for you and you still can't understand it.

[xtralettucetomatoe580]

43 minutes ago, Highmark said:

   Company's can't create demand themselves in the marketplace?

If a company decides to upgrade equipment/facilities that isn't creating demand in economy?

How about if a company decides to introduce a new product based on knowing the consumer has more money to spend in a growing economy?  

I love how you simpletons only think demand comes from the consumer buying a new IPhone or what not.   You people are cute with your stupidity.  

I’d love for one of these people to even show what the equation for GDP is. It’s not complicated, but a big piece in that is investment. Not sure why that is so hard to comprehend. 

[1jkw]

28 minutes ago, racer254 said:

How about naming the times when tax cuts did not coincide with increased revenue? 

 

Notice how the blue line remains fairly flat until the Reagan years where the debt nearly tripled, and after the Bush tax cuts where debt doubled and nearly doubled under Obama.

Now read what I wrote( the last  40 YEARS) Clinton had the advantage of the HW Bush tax increase as well as the dot com. bubble  Look how drastically the increase was during the W Bush time when the debt doubled even while having the advantage of the housing bubble.

 

 

[Highmark]

13 minutes ago, xtralettucetomatoe580 said:

I’d love for one of these people to even show what the equation for GDP is. It’s not complicated, but a big piece in that is investment. Not sure why that is so hard to comprehend. 

Companies create demand all the time.  Entrepreneurs often come up with ideas that once released come in huge demand.   Its amazing people can be so short sighted.  I have a number of products that I derived from nothing more than solving a problem customers had yet were not asking for. 

Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business. The people who create these businesses are called entrepreneurs

Edited August 2, 2018 by Highmark

[Highmark]

18 minutes ago, 1jkw said:

 

Notice how the blue line remains fairly flat until the Reagan years where the debt nearly tripled, and after the Bush tax cuts where debt doubled and nearly doubled under Obama.

Now read what I wrote( the last  40 YEARS) Clinton had the advantage of the HW Bush tax increase as well as the dot com. bubble  Look how drastically the increase was during the W Bush time when the debt doubled even while having the advantage of the housing bubble.

 

 

Clinton massively cut Capital Gains taxes and had a GOP congress that was at least then very conservative on spending.   

https://www.heritage.org/taxes/report/tax-cuts-not-the-clinton-tax-hike-produced-the-1990s-boom

 

Edited August 2, 2018 by Highmark

[racer254]

37 minutes ago, 1jkw said:

 

Notice how the blue line remains fairly flat until the Reagan years where the debt nearly tripled, and after the Bush tax cuts where debt doubled and nearly doubled under Obama.

Now read what I wrote( the last  40 YEARS) Clinton had the advantage of the HW Bush tax increase as well as the dot com. bubble  Look how drastically the increase was during the W Bush time when the debt doubled even while having the advantage of the housing bubble.

 

 

So, increase spending and tax cuts both increase revenues?

[1jkw]

12 minutes ago, Highmark said:

Clinton massively cut Capital Gains taxes and had a GOP congress that was at least then very conservative on spending.   

https://www.heritage.org/taxes/report/tax-cuts-not-the-clinton-tax-hike-produced-the-1990s-boom

 

Yes the same GOP congress W had in the early years.   Again an opinion piece, by someone who was not really a Clinton supporter. Remember HW. had raised taxes ahead of BC. and the dot com. boom was going on. And yes  CG rates being lowered did help as well. 

[1jkw]

1 minute ago, racer254 said:

So, increase spending and tax cuts both increase revenues?

No.  Increased spending will always increase revenue, not enough to cover the costs of said spending. Tax cuts may or may not increase revenue. When was the last time debt went down after tax cuts alone?

[racer254]

1 minute ago, 1jkw said:

No.  Increased spending will always increase revenue, not enough to cover the costs of said spending. Tax cuts may or may not increase revenue. When was the last time debt went down after tax cuts alone?

That's incorrect, revenue has always increased with tax cuts according to the graph.

[Highmark]

26 minutes ago, 1jkw said:

Yes the same GOP congress W had in the early years.   Again an opinion piece, by someone who was not really a Clinton supporter. Remember HW. had raised taxes ahead of BC. and the dot com. boom was going on. And yes  CG rates being lowered did help as well. 

W had 9/11 then needed to spend to keep the dems on board.   Huge mistake for the country all around.  

BTW its not an opinion piece when its full of facts and data.   They did just so happen to coincide with a the .com growth so obviously they worked together.  Cuts helped the .com boom but that boom was going to happen to a smaller extent without them.  

Edited August 2, 2018 by Highmark

[Rod]

Why do the democrats here hate America so much 

[04nightfire]

[steve from amherst]

2 hours ago, racer254 said:

That's incorrect, revenue has always increased with tax cuts according to the graph.

The graph dosnt show and increase in the working population. So part of the story has been left out.

[XC.Morrison]

2 hours ago, racer254 said:

So, increase spending and tax cuts both increase revenues?

Depends on our current position on the Laffer curve.  If we are on the right hand side of the peak, then a tax cut will yield a revenue increase.  If we are on the left hand side of the peak, then a tax cut will lower revenues.  Many sources say we are (were) already on the left hand side prior to the Trump tax cuts.  Here’s one such source, very very thorough:

The charts begin on page 45 if you’d rather skip all the math.

http://www.nber.org/papers/w15343.pdf

 

[racer254]

10 minutes ago, steve from amherst said:

The graph dosnt show and increase in the working population. So part of the story has been left out.

It only shows Revenue vs Top tax bracket.   And the correlation between the two is:  as tax rates declined, government revenue increased. 

Edited August 2, 2018 by racer254

[steve from amherst]

Just now, racer254 said:

It only shows Revenue vs Top tax bracket. 

Correct, but as more people enter the workforce tax receipts will grow.

[racer254]

4 minutes ago, steve from amherst said:

Correct, but as more people enter the workforce tax receipts will grow.

So, as more people enter the workforce, then we could lower the tax brackets to get the same amount of $$$?   Unless of course our credit rating dropped.  Thank god that doesn't happen (thanks 44)

[steve from amherst]

Yes and no. AS the population increases not only do more people enter the workforce but more people also collect assistance so the bills go up.

[racer254]

2 minutes ago, steve from amherst said:

Yes and no. AS the population increases not only do more people enter the workforce but more people also collect assistance so the bills go up.

Yeah, there are a ton of factors to look at, but why.  The data speaks for itself.  LOL

[SnowRider]

11 minutes ago, racer254 said:

So, as more people enter the workforce, then we could lower the tax brackets to get the same amount of $$$?   Unless of course our credit rating dropped.  Thank god that doesn't happen (thanks 44)

 @steve from amherst is finding out how fucking stupid you are  Take a look at the demographics of the population and costs associated with things like healthcare.....do you think today’s advanced treatments cost more or less per person than 20, 30, 40, 50 years ago?  

 

Retardracer FTW  

[Angry ginger]

8 minutes ago, racer254 said:

So, as more people enter the workforce, then we could lower the tax brackets to get the same amount of $$$?   Unless of course our credit rating dropped.  Thank god that doesn't happen (thanks 44)

but yet our government insists on spending more and more therefore even though revenues $ wise increase we continue to add to the debt therefore increasing the government cost even more with higher debt service.