Congress: Thanks for fucking up the US Economy.... again

**wolfbane** · 03-06-2012, 12:22 AM

Give us a list of gooRAB and services consumed by the "low end" which are not consumed by the "high end"?

The last time I checked, stock market money drove the economy too, making the "high end" expenditures and investments just as valuable. Then, consider middle class like myself, heavily invested in the market (though I'm poor) so I'm prepared for retirement and my financial life in general.

Increasing taxes is wrong, period. Taking funRAB from wage earners and employers will not increase spending. It will however temporarily bankroll the unemployed and entitlements for another few days, hopefully long enough to pass the White House over to a Republican.

**Hudsta** · 03-06-2012, 02:54 AM

But Obama said if we had a deal by Aug. 2 it wouldn't happen!

**Catzy Karatina** · 03-07-2012, 01:58 AM

werd

**ShaeDee** · 03-07-2012, 02:13 AM

I thought that was The Fed's job?

**Esad M** · 03-07-2012, 01:10 PM

oh

**PAUL L** · 03-07-2012, 10:22 PM

Let's see a "rich" family is still, on average, 2 parents and 2.5 kiRAB. So their consumption of daily gooRAB/services isn't much different from anyone else. On the other hand, some 50m (whatever it is) who don't pay taxes still have to support a family of 2 parents and 2.5 kiRAB. So (1m rich families X daily living expenses) < (50m X daily living expenses)

"Stock market money" doesn't drive anything. IPOs maybe, buy investing in the stock market is laying claim to future earnings, which are then driven by consumer demand.

Sorry, that's just idiotic. Laffer curve, look it up. Mostly stupid, but it will help make the point. The idea is that there is one theoretical point where increasing taxes will begin to harm the economy, and decreasing taxes will start to decrease revenue. We're well into the territory where increasing taxes will increase revenue without harming GDP/employment.

**Joanna T** · 03-08-2012, 04:43 AM

we president now

**<Jelz>** · 03-08-2012, 06:47 PM

The median point of the Laffer curve isn't fixed, so things like Dollar value, unemployment rates, and GOVERNMENT SPENDING RATIOS rely on the employers and $250k billionaires to carry non-tax payers.