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Re: Hey FYS -- I've got one of your other blogs on my favorites list
hi Pat B, I've been a little uninspired to write poetry of late....working the NANOWRIMO this year! YEAH! at 3050 words right now.
Regarding these last two posts..Thanks for reading. Yes, you have dollars in hand, but if you don't reinvest those dollars, you can't create wealth. Every increase in the tax base, whether it be though an increase in the income tax rates of the upper brackets, capital gains taxes, various industry and business taxes, etc., the result will be less money in every citizen's pocket, as the result is always an increase in prices or an increase in unemployment.
posted by
FineYoungSinger
on November 3, 2008 at 8:53 AM
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Re: Points
mousehop, funny, you're the only one that feels this way. Perhaps it's the reader who is in error here.
posted by
FineYoungSinger
on November 3, 2008 at 8:48 AM
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Hey FYS -- I've got one of your other blogs on my favorites list
and haven't seen your work for a while. Just wanted to touch base and btw you're clearly not an idiot. I'm not good at math and really appreciate your "taxes for dummies" illustrations. Loved the analogy, creating wealth isn't about the yield, it's about the seed. Hmmm...
posted by
Pat_B
on November 2, 2008 at 3:31 AM
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Points
The point is that your illustration didn't illustrate your point. Your message seems to be that taxes are bad, which, like your illustration, is simplistic and untrue in essentials. Unless you are an anarchist, and don't believe any government should be paid for.
Your focus on the difference between a tax credit and a tax cut is revealing, because it shows a bias toward those who pay higher income taxes over the majority, whose tax burden comes mostly in other forms. But a tax credit that puts cash into the hands of consumers has more immediate, and relatively greater, impact on the economy than a rate cut for the wealthy.
posted by
mousehop
on October 31, 2008 at 11:40 AM
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Re: FYS
OTA....not an idiot...merely math-challenged. Some have trouble with math.
posted by
FineYoungSinger
on October 31, 2008 at 5:31 AM
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Re: Fine Young Singer
Justi, thank you for reading. I know I'm not an idiot, but clearly, people that do not share my view feel its easier to try to tear down the messenger than to dispute the message.
I know I am right in both posts: Public Finance textbooks begin with the same type of example that I used. How else can you teach the concept without causing confusion?
posted by
FineYoungSinger
on October 31, 2008 at 5:30 AM
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FYS
I am an idiot when it comes to math.. so I better stay out of this one.
~Peace, OTA
posted by
Blue_feathers
on October 30, 2008 at 1:40 PM
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Fine Young Singer
You are NOT an idiot. There are those who have sharpened their pencils and minds and think they know how to vote this year. Their truth does not add up! You are right in the other post too. Seeding is the whole thing. Voting wrong can seed a lot of destruction! Be blessed.
posted by
Justi
on October 30, 2008 at 1:24 PM
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