tag:blogger.com,1999:blog-2098432983500045934.post5846941570820697583..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: Not my styleThe Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2098432983500045934.post-65826425502841534972011-06-26T16:37:48.673-04:002011-06-26T16:37:48.673-04:00Cal -
I am indeed talking about income taxes. Yo...Cal -<br /><br />I am indeed talking about income taxes. You make a good point.<br /><br />Rate and ceiling in 1980:<br />6.13% (OAISDI + HI)on $25,900. Max =$1587.67.<br /><br />In 1990: 7.65% on $51,300.<br />Max = $3824.45<br />Amt on $25,900 = $1981.35<br /><br /><a href="http://www.ssa.gov/history/pdf/t2a3.pdf" rel="nofollow">Source.</a><br /><br />This is part of Reagan's transfer of tax burden from the rich to the middle and below.<br /><br />Alas, <br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-47979814971666449392011-06-25T19:58:29.345-04:002011-06-25T19:58:29.345-04:00Jazzbumpa: The completely unnecessary and destruct...Jazzbumpa: The completely unnecessary and destructive Greenspan increase in the SS tax seriously hurt the US economy - and played a major role in destroying the middle class. If you're talking about income taxes, yes, you have a good argument.Calgacushttps://www.blogger.com/profile/06031818010224747000noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-78000293664582139892011-06-24T15:06:04.743-04:002011-06-24T15:06:04.743-04:00"Obama's dream" is to "[find] a...<i>"Obama's dream" is to "[find] a way to reduce private sector incomes without hampering sales or job creation."<br /><br />"Can it be done?" Kelton asks. After careful analysis, her answer is No.</i><br /><br />I disagree, and for exactly the reasons I rambled on about in your "evolution" Post.<br /><br />Increasing taxes has never been (honestly) shown to hurt the economy in any way. Mike Kimel at Angry Bear has dozens of posts over the years demonstrating thoroughly and with statistical precision that tax cuts do not help the economy, except, perhaps, in trivial and ephemeral ways.<br /><br />Take money from the rich and DO SOMETHING with it (other than fighting wars.) That is how you enhance sales and job creation.<br /><br />Cheers!<br />JzBJazzbumpahttps://www.blogger.com/profile/07337490817307473659noreply@blogger.com