What policies do Liberals support that lead to wealth creation?
conservative_patriot asked:
Is it the high taxes or the huge entitlement programs? Seems to me liberals don’t give a damn about wealth creation.
Willard
Is it the high taxes or the huge entitlement programs? Seems to me liberals don’t give a damn about wealth creation.
Willard
September 1st, 2008 at 8:13 pm
They don’t believe wealth is created. They think there’s a fixed supply of wealth that just gets passed around or accumulated. Or, at least they hope that’s what the voters will think.
That’s why they talk and write in terms of “share of the total income” – - – - X makes $20K, Y makes $70K. W makes $120K. Five years later, W is dead, X makes $50K, Y makes $200K and new immigrant or 20-something Z makes $25K.
Clearly everyone who is still alive is better off, and things are better whether you’re at the top or on the bottom than was the case five years earlier. And clearly it’s not the same person at the top or the bottom.
But the New York Times will tell you “the share of the income received by the top earner increased while the share of the income received by the bottom earner fell.”
Good thing we have the Wall Street Journal to set the record straight.
What Greg does not understand is that the “progressive tax system” to fund programs for people who “fall through the cracks” actually widens the cracks, and brings in LESS tax revenue.
There is NO reason for a steep “progressive tax system” other than to punish the successful for their success. It does NOT help anyone else. Since 2000, tax revenue has gone up, and so has the share of the tax burden paid by the “rich.”
September 2nd, 2008 at 6:51 pm
Hmmmmm… Let me think… Policies supported by Liberals that lead to wealth creation…. ___________(sound of crickets)_____________
September 3rd, 2008 at 4:40 pm
Tax cuts to the middle class. Since consumer spending accounts for 2/3 of our economy, this provide consumers money to spend, and thereby companies money, and incentive, to produce. It directly stimulate 2/3 of the economy.
Unlike supply side/ trickle down economics where the rich get money and are expected to produce even if no one can afford to buy. This indirectly stimulates less than 10% of the economy.
Seems to me Liberals make the most sense. And hsitory proves me right.
September 5th, 2008 at 8:51 am
I cannot think of any.
Now if you are interested in wealth redistribution policies, they have lots of those.
*
September 7th, 2008 at 1:02 am
Taxes take wealth and distribute it. That creates smaller amounts of wealth.
September 7th, 2008 at 7:42 pm
They only believe in one class- everybody poor. Except themselves, of course.
September 10th, 2008 at 8:26 am
Liberals give a damn about the country, not about lining your pockets with money.
I’m really not ashamed of that, sorry.
September 13th, 2008 at 8:04 am
isolationism can be really unhealthy for your economy, but then it will likely save you several hundred billion in defense contracting. but liberals and neo-cons all have their isolationists.
in the end – wealth creation is not the concern of the libs or the cons, but the conrtolling party who will necessarily take whichever steps are necessary to support their people. Nobody in the UK would have suspected that a labour government would have taken the country into another interminable war – but they did, ’cause they gotsa gotsa get they money money.
to answer your question, liberals will support conflict, freezing of rogue states assets and out-and-out bald-faced theivery when they need to.
usually you also find liberals are in support of environmental preservation which is less wealth-creating than disaster-preventing, but that all changes when they get their primacy.
September 16th, 2008 at 4:57 am
How about not borrowing 3 billion a week to spend on a war in Iraq? That sounds like a good one.
September 17th, 2008 at 2:27 am
Open, transparent markets for commodities and equities that are policed well, and thus have the integrity needed to ensure confidence in our markets, and thus attract investment flows because investors don’t have to worry about it all being a huge scam.
A progressive tax system and social safety net to insure that when people are displaced and get knocked down due to changes in the economy, they can get back up and better themselves.
Improvements in public education and Government guaranteed grants/loans for college education to ensure we have an educated work force capabable of driving economic growth.
Tax incentives to drive economic investment in public and private infrastructure, tax incentives for energy producers to create renewable energy sources to insure more energy independence and provide for our energy needs going forward and which also help us halt the growth in greenhouse gas emissions which are going to wind up causing huge economic problems if we don’t get a handle on them very soon, not to mention that this is a growth segment of the world economy (growing nearly 300% per year).
I could go on and on and on.
September 18th, 2008 at 11:58 pm
FYI, all working stiffs pay 41% taxes on their overtime checks. The democrats are always trying to bring it down and the republicans fight it.
You republicans have a skewed sense of who butters your bread. That’s because the GOP is famous for stamping **** on peoples forehead
September 19th, 2008 at 12:47 pm
It’s not the Governments role to create wealth in a Capitalist society. It’s the Governments role to service the citizens.