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Yeah, they should have let the Soviets have their way in the Middle East.
What was Washington thinking?
Right now we should be letting the Chicoms have their way there and take a huge deposit of oil the free world is dependent on and ****, so that way angry old farts on internetz forums won't keep blowing their bowels out.
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Originally posted by UltimateHoboW/Shotgun View PostJFK was actually a good President. I mean with the tax cutting, standing up against USSR, and the space race.
"What actually followed the cuts in tax rates in the 1920s were rising
output, rising employment to produce that output, rising incomes as a
result and rising tax revenues for the government because of the
rising incomes, even though the tax rates had been lowered. Another
consequence was that people in higher income brackets not only paid a
larger total amount of taxes, but a higher percentage of all taxes, after
what have been called “tax cuts for the rich.” There were somewhat
similar results in later years after high tax rates were cut during the John
F. Kennedy, Ronald Reagan and George W. Bush administrations.9 After
the 1920s tax cuts, it was not simply that investors’ incomes rose but that
this was now taxable income, since the lower tax rates made it profitable
for investors to get higher returns by investing outside of tax shelters."
And,
In 1962, Democratic President John F. Kennedy, like both Democratic
and Republican Presidents and Secretaries of the Treasury in earlier years,
pointed out that “it is a paradoxical truth that tax rates are too high today
and tax revenues are too low and the soundest way to raise the revenues
in the long run is to cut the rates now.” This was because investors’
“efforts to avoid tax liabilities” make “certain types of less productive
activity more profitable than other more valuable undertakings” and “this inhibits our growth and efficiency.” Therefore the “purpose of cutting
taxes” is “to achieve the more prosperous, expanding economy.”37 “Total
output and economic growth” were italicized words in the text of John
F. Kennedy’s address to Congress in January 1963, urging cuts in tax
rates.38 In short, President Kennedy was talking about inducing changes
in behavior designed to increase aggregate output, not changing the
allocation of existing income flows, in hopes that more prosperity at
the top would “trickle down.”Last edited by nyuk nyuk; 08-12-2014, 11:57 AM.
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Originally posted by UltimateHoboW/Shotgun View PostJFK was actually a good President. I mean with the tax cutting, standing up against USSR, and the space race.
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