So Elizabeth Warren's gonna help us some more

[gwb72tii]

I see you're new here.

now that's funny

[gwb72tii]

Conservative perspective: lower taxes for everyone by cutting only welfare type spending, to let people spend more, encourage productivity, economy grows, more revenue is generated.

Liberal perspective: lower taxes for poor, raise the wage of the poor, raise taxes and remove loopholes for rich, do not cut spending on welfare programs that have an overall economic outcome benefit, economy grows, more revenue is generated.

There are times when one view may make more since than another view, and times when something in between works. To hold one ideology for every situation, is not really the best solution in every situation. There are times when raising taxes hurts the economy, and times when it helps. There are times when increasing spending on government programs helps the economy and times it hurts. This is not the time to hack away at spending on education and R&D, nor is it the time to lower taxes across the board (or raise taxes across the board.) Our current situation requires a balanced approach of spending cuts and slight tax increases on the wealthy, something that the majority of Americans want and agree on. Unfortunately, the lack of compromise on both sides has created a stalemate on nearly all critical decisions, so nothing gets done.

can you state one time where increasing tax rates helped the economy?
i believe this goes against every tenant of economics
or as greenspan said, "all taxes are regressive".

other than that we agree. go figure.

[smooth]

gwb, please leave the non sequitur for the other thread