Drudge Retort: Red Meat for Yellow Dogs
Wednesday, January 27, 2010

The latest Rasmussen Reports national telephone survey finds that 59% of voters nationwide believe cutting taxes is better than increasing government spending as a job-creation tool.

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Seventy-two percent (72%) say the nation's elected politicians are more likely to increase government spending than cut taxes. Only 14% think they'll cut taxes instead.

Then in the next poll they will say "cut the deficit" and then "increase defense spending".

The problem with polls is that Americans are dumb as rocks.

"The problem with polls is that Americans are dumb as rocks."

Yup, just look at who they put in the white house.

Maybe we could just ask Jimmy Carter.

Or W?

What ever solution they ultimately put in motion, you can rest assured their primary goal will be achieved...
Vote steering.

But the worst part about it is,
it works every time.

Baaahh, baaahh, baaahh

Pigouvian say: Tax carbon, offset employment tax.

In other news

59% still doesn't realize that these "tax cuts" aren't targeted at them.

Why dont they know this? Because they are idiots with the intellect and memory of a Chihuahua

#8 | Posted by Redneckville at 2010-01-27 02:11 PM | Reply | Flag:

In still other news

Liberals think tax breaks for the poor create jobs.

Why do they think this? Because they are idiots with the intellect and memory of a paramecium.

#8 | Posted by Redneckville

Granted, a tax cut at my income level wouldn't create too many jobs.

We were talking about creating jobs, right?

Liberals think tax breaks for the poor create jobs

Because the tax cuts for the rich put everyone back to work!

What needs to be done is to get good paying jobs back in America.

Tax cuts encouraging the wealthy to shift labor from the US to China and pocket the savings is not going to do it.

The rich just pocket their tax cuts. Increase taxes on these fuckers to bankroll public works jobs.

"Liberals think tax breaks for the poor create jobs."

Who is talking about the poor?

What job did you get from a tax break?
Hell, what kind of job manifests itself out of a tax break, and what kind of (non)professional would want a job that wouldn't exists without a tax break?

I don't care how you measure this ------ it always equates to Sad!

Here is hoping you get lucky and get one of these "tax break" jobs! $120 bucks a week may not get you on your feet but at least momma won't have to buy your beer anymore.

"Liberals think tax breaks for the poor create jobs."

They do. I remember a study that showed bang for the buck in economic activity, and the assistance at the lowest end of the income scale yielded the greatest returns.

"Because they are idiots with the intellect and memory of a paramecium."

Too funny, coming from a guy who can't even remember back to the previous administration, and how all the tax cuts in the world didn't produce jobs.

#13 | Posted by jackass

Please help me to understand.

The "Rich" are "Fuckers" because:

A) They have the same motive as all Americans but have succeed to a greater degree that most.
B) They haven't realized they already have enough money and aren't terminating their quest for more.
C) Their evil is directly proportionate to their monetary wealth.
D) Other

D) not all bust most of them. They don't care about their workers trying to cut benefits and salaries while giving themselves million dollar bonuses. Happens every single day.

The CEO of my company gets a compensation package of 12 million a year. He claims we have record profits all the time and tries to fight us tooth and nail for our wages. If not for the union you could better believe he would be paying us shit with terrible benefits.

... If not for the union ...

What union? A few weeks ago you said you took a job with a non-union company. Have you changed jobs again?

#17 | Posted by jackass

Well put.
Those folks are indeed "fuckers"

"They have the same motive as all Americans but have succeed to a greater degree that most"

Oh boy!

This is the part of this Thread where some WingDing attempts to portray legacy wealth (ala Bush) as being a result of a succesful bussiness career and as having succeded on his own merit alone.

Let me guess --- Paris Hilton is another one of your wrongfully assailed succeeders, right?

What union? A few weeks ago you said you took a job with a non-union company. Have you changed jobs again?

#19 | Posted by goatman

I applied but I didn't get the Job Goat. I said I wanted to for the extra money. No luck though.

Is this the same Rasmussen that predicted a Coakley win in MA?

"The latest Rasmussen Reports national telephone survey finds that 59% of voters nationwide believe cutting taxes is better than increasing government spending as a job-creation tool."

Federal taxes are at the losest level since 1945 right now so where are all the jobs????

Funny thing, during the times when taxes were raised instead of lowered unemployment went down and wages increased. Perhaps the phrase the masses are asses applies.

"The "Rich" are "Fuckers" because"

Define rich (what annual salary is "rich" in your opinion)?

After that, list this polls factitious "tax cuts" by income bracket.

This should be good!

"Funny thing, during the times when taxes were raised instead of lowered unemployment went down and wages increased. Perhaps the phrase the masses are asses applies."

After the Bush tax cuts there was widespread job expansion.

Please explain to us mere mortal how raising taxes creates jobs. Or are you only counting government jobs? Most jobs are created at the local level, through the expansion of small business. How does increasing their taxes help them create more jobs?

Although the masses are asses comment would certainly explain how we managed to get such an inexperienced boob like Obama into the White House.

"Please explain to us mere mortal how raising taxes creates jobs."

Well, create depends on your definition, but higher tax rates on a corporation certainly incentivizes reinvesting via equipment or labor. Same way higher personal taxes incentivizes keeping the money in the company. But low rates on both corporate taxes and personal income taxes makes the message clear: take profits out now.

#28 | Posted by Danforth

Well, create depends on your definition, but higher tax rates on a corporation certainly incentivizes reinvesting via equipment or labor. Same way higher personal taxes incentivizes keeping the money in the company. But low rates on both corporate taxes and personal income taxes makes the message clear: take profits out now.
---------------
Another Liberal who doesn't understand human psychology, or human nature.

Go back to teaching Economics to the California State Legislature, they are practicing you theory's and we all know they are working well.

#29 | Posted by 90c2cab at 2010-01-27 03:31 PM | Reply | Flag:

Please explain your objection further. You provide no factual rebuttal.

"But low rates on both corporate taxes and personal income taxes makes the message clear: take profits out now."

Let's for a moment take this as a complete truth, though we know it's merely a speculative opinion. If they take that "profit" out, what do they do with it? Where does that money go? If they gave it to the government instead, what would the government do with it? Which would be more efficient, and therefore provide more benefits?

The government cannot provide the same opportunities that private businesses can. Taxes are obviously needed to provide those governmental functions that individuals and businesses cannot do for themselves, but beyond that the inefficiencies are huge. Remember, the only reason the US Postal Service is still in business is because the government sharply limits the amount of competition allowed. In all services where there is competition, the USPS is obliterated by the private competition. Raising taxes and limiting businesses cannot create jobs.

they take that "profit" out, what do they do with it? Where does that money go?

There are a number of answers to those questions. What do you think they do with it?

Here's a possible solution, keep corporate taxes at their current levels but tax dividends at the same rate.

#33 | Posted by taxman at 2010-01-27 03:58 PM | Reply | Flag

Hell, you can cut corporate taxes as long as dividends are taxed at the highest income level. This will make Corps think twice about passing tax savings along to shareholders and create an incentive to invest in labor.

The problem with polls is that Americans are dumb as rocks.

I look forward to seeing you post that next time Dorky puts up a poll.

they take that "profit" out, what do they do with it? Where does that money go? -- There are a number of answers to those questions. What do you think they do with it?

That's my point. Even at the very least, the money will not sit idle, but be used in some fashion. Profits don't magically disappear from existence, but are put to use. Even in a savings account, the banks will be able to invest the money or loan it to someone else. Invest the profits into a small business and you expand that business. Even buying fancy toys leads to a expansion of the economy. The government would do none of this, and while it would spend the money, the inefficiencies would sharply reduce the value of that money.

"Hell, you can cut corporate taxes as long as dividends are taxed at the highest income level. This will make Corps think twice about passing tax savings along to shareholders and create an incentive to invest in labor."

Again, you are removing money that would otherwise be used by consumers for purchases or reinvestment and placing it into the far less efficient government's hands. How does the government then create a job that otherwise wouldn't be created? Infrastructure? Maybe, but those remain limited. Instead, there is example after example of waste, like funding studies about college freshmen women and their sexual habits. There are millions of young (and old) men that would do that study for free. Bottom line is that the government is far less able to create jobs than the public sector. The current "stimulus" package, paid for via debt rather than taxes, is a good example.

you are removing money that would otherwise be used by consumers for purchases or reinvestment and placing it into the far less efficient government's hands.

The only way the money is taxed is if the corporation distributes it. If the money stays within the corporation it will go to cap ex such as labor, equipment, etc. Once it is distributed to shareholders there is no real way to ensure the cash is reinvested in the US. Again, this keeps money out of the government's hands and out of the hands of those more willing to invest in "emerging markets".

Is this the same Rasmussen that predicted a Coakley win in MA?

#23 | Posted by northguy3

Maybe back in December. She didn't start to lose until she opened her mouth.

I guess you guys are really going to be pissed when Obama announces tax breaks for small businesses that create jobs.

I guess you guys are really going to be pissed when Obama announces tax breaks for small businesses that create jobs.

#39 | Posted by mysterytoy

In and of it's self, I am for it, but what do you do to make up for the lost revenue?

I say cut foreign aid to start with.

"Hell, what kind of job manifests itself out of a tax break?"

Cuts the marginal rate on capital gains always leads to a healthier economy, and that means more jobs at every level

There are a number of answers to those questions. What do you think they do with it?

#32 | Posted by taxman at 2010-01-27 03:56 PM | Reply | Flag:

HAR~! HAR~!

He has no answer!

Let me help you ....

-Profits go into consumption (good for workers)

-Some profits go into savings (good for loans and interest rates)

-Some profits are invested -- often in new opportunities which means new jobs

#30 | Posted by taxman

Please explain your objection further. You provide no factual rebuttal.

----------------------
If someone said the world was flat I said your nuts, would I need a factual rebuttal? No

Cuts the marginal rate on capital gains always leads to a healthier economy, and that means more jobs at every level

#41 | Posted by vernon at 2010-01-28 03:43 AM | Reply

Just how many jobs did the Bush tax cuts create?

Compare and contrast with the previous President.


Here's a possible solution, keep corporate taxes at their current levels but tax dividends at the same rate.

#33 | Posted by taxman at 2010-01-27 03:58 PM | Reply | Flag

For eight years the US has had a tax policy that encourages jobs to be sent overseas and the profits passed out to the owners and the result has been abysmal.

Tax policy needs to put America first and outsourcing second.

Until good paying jobs start growing there will be no economic recovery.

Venture Capital Firms, where do they get their money? From wealthy people, and corporations. I thought these people/enterprises were taking their money and running.

The fact is wealthy people and corporations are very competitive, they aren't happy being rich they want to be super rich, they don't just want to win they want to destroy the competition.

If you look at Forbes top 100 wealthiest Americans list, it chances all the time. Why is that, Because the type of poeple that get on the list are very competative they see making money like a sport.

Warren Buffet does he sit on his money? No Buffet views making money like a sport or competition, so he constantly taking his profits and reinvesting them so he can stay on top.

If lower taxes create jobs then you'd think that after the last decade we'd be in the hottest job market one could imagine, considering taxes are already
near an historic low.

The idea that tax breaks create jobs is a fallacy, but they give the taxpayer a break even when they don't create jobs. For most business, creating jobs IS a tax break.

Too funny, coming from a guy who can't even remember back to the previous administration, and how all the tax cuts in the world didn't produce jobs.

#15 | Posted by Danforth

and what was that unemployment rate through most of the bush terms...4 point what???

and even in the face of the recession 'HE INHERITED"...and 9/11 there were still jobs by the millions created before he was done....

and anyone who thinks that dems are reaLLY concerned about job creation is asleep and hasnt watched what they have DONE rather than what they SAY........

Compare and contrast with the previous President.

#44 | Posted by 726 at 2010

sure why not?
but it must be complete...such as what major events happened to the country while blowjob was harrassing the pudgy interns.
what happened with the market and something called the 'INTERNET'...

AND after 1994 a REPUBLICAN CONGRESS....

so sure lets look but make sure you include everything in this little treatists of yours.

what major events happened

Oh you mean like looting the treasury for an uneccessary war?

and what was that unemployment rate through most of the bush terms...4 point what???


WRONG! Try higher.

4 point what???

You are thinking of Clinton's 2nd term.

Venture Capital Firms, where do they get their money?

Yep and please do tell how many jobs were created by them from 2000-2008.

And then tell us how many were created 1992-2000.

and even in the face of the recession 'HE INHERITED"...

The NBER's Business Cycle Dating Committee has determined that a peak in business activity occurred in the U.S. economy in March 2001. A peak marks the end of an expansion and the beginning of a recession.

Please tell us who was POTUS in March 2001.

And golly gee Mr. Revisionist, the recession was over in November 2001... leaving 7 years for massive job growth because of those wonderful tax cuts..... surely the job growth could come close to the job growth from 1991-2000.

But when those "glorious job creating tax cuts" created only 14% of the jobs created during the Clinton term what does that tell you?

Face the truth, lowering tax rates encourages jobs to be shitfed overseas and the profits not to be reinvested in growing employment domestically.

Gee. You libbies are right. I see what you're saying now.

We should raise taxes 30% across the board. You know. To get people working again.

No doubt some could care less about the middle class and small businesses who FINALLY got tax breaks after 8 years of pandering by the GOP to the wealthy.

We should raise taxes 30% across the board. You know. To get people working again.

#55 | Posted by rightisright

On the top 1% we should raise taxes. I look at this way. You assholes weren't going to employ Americans anyways since you can get an Indian or a Chinese worker to do it for 50% an hour.

50 cents an hour. 50% an American workers wages is still to high for a greedy SOB like yourself.

Chinese worker to do it for 50% an hour.

does that mean they only work half an hour?

AS the GOP is fond of displaying, we are 12 trillion in debt. Any tax cuts are sound bite good yes, good fiscal policy NO.

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