Thread: This Is Not A CraigsList Notice

Tweet

Lower taxes for the rich creates jobs.

I've never seen a poor man open a business and hire hundreds of people.

Originally Posted by firebird77clone

Lower taxes for the rich creates jobs.

I've never seen a poor man open a business and hire hundreds of people.

Oh yeah, there's that trickle down economics thing again--no one has yet explained why that will work this time??????????

No poor people ever opened a business and hired hundreds of people??? Well, Dave Thomas, Ray Crock, Henry Ford to name a few have done it. Big business IMO should not be the center of attention for the economic debate... Small business is where the real hiring comes from, and small business also initiates the $$$$$ that roll over how many times in a local economy????

Originally Posted by Dave Severson

Oh yeah, there's that trickle down economics thing again--no one has yet explained why that will work this time??????????

I've explained it many times over the years, complete with links to Federal Government produced charts that showed the REVENUES that increased after each of the major income tax RATE cuts implemented by four different administrations. The quote I posted a few days ago that you denegrated the as "Trickle Down....." was from JFK, Aug. 1962...........yes, back when Democrats weren't spiteful toward the producers. For all the frequently repeated BS about "Bush tax cuts cause the deficit..." (now THERE is an actual talking point), the highest EVER revenue income year to the Federal Government was 2007! Revenues aren't the problem directly, it's spending in excess of the realistic revenues that actually causes debt increase.

Here's a paper that enumerates the concepts in considerable detail for those who are open minded enough: http://www.tsowell.com/images/Hoover%20Proof.pdf

Will this post end the silliness about "Tax cuts causing the debt"..............if history is prolog.............not likely............but the info is presented yet again in rebuttal to be ignore by all who are true idealogues.

Originally Posted by Dave Severson

... No poor people ever opened a business and hired hundreds of people??? Well, Dave Thomas, Ray Crock, Henry Ford to name a few have done it.

I don't think Henry Ford was ever "poor" and I'm not sure about the other two but I would think that none of them were poor when they hired "hundreds" of people. And I think Kroc bought McDonalds.. he didn't start it. I'm guessing he wasn't poor at the time.

Originally Posted by herbet99

I don't think Henry Ford was ever "poor" and I'm not sure about the other two but I would think that none of them were poor when they hired "hundreds" of people. And I think Kroc bought McDonalds.. he didn't start it. I'm guessing he wasn't poor at the time.

All of them started their business on a shoestring. Crock and Thomas had both had numerous business failures before they became successful... I know of a lot of folks here locally (self included) who started with little more then a good idea and eventually started business and hired people. You don't have to be rich to start a business, just willing to do the work!!!! Did they hire hundreds of people the day they opened? Heck no, only the government is foolish enough to try something that ill advised!!!!!

BTW, what's the alternative? Waiting and hoping that some giant corporation hires you??? Lots of us were never cut out to belong in corporate America and started our own business because of what we wanted to do and how we wanted to do it.

Originally Posted by Dave Severson

All of them started their business on a shoestring...

I think you make a good point. I'm just not sure about your examples. Kroc (and I'm assuming we're talking about McDonalds Ray Kroc) bought McDonalds for $2.7 million. hardly a "shoestring". Dave Thomas was already a millionaire when he started Wendy's.

Yes, these guys worked hard to become successful (and rich) but did so before they started hiring large numbers of people. So yes, I would agree that we should do all we can to make it possible for "poor" people to work hard and become rich in the hopes they will eventually hire a lot of people. Who would then pay taxes (broaden the base)