HARPER: Forget the debt!

[c33]

I wouldn't go citing Ireland in support of a low corporate tax agenda unless you think 15% unemployment and GDP growth that remains on the wrong side of zero as virtues. Not that you actually cited anything. Best find another example

[CPCFTW]

Ireland failed because of excessive public spending increases and government policy that encouraged a housing bubble, not low corporate taxes.

Low corporate taxes propelled an agrarian economy into one of the highest gdps per capita in the world after a few decades.

[blueblood]

The vital missing link blueblood is that you get the people you pay to do productive work.

This step allows the economy to realign itself to meet everyones needs rather than waste production and luxury.

Tell that to the people of Zimbabwe, they believe they're doing productive work and are getting paid millions of Zimbabwe dollars for it.

What of there's no demand for that work, shall they be paid high wages to dig holes and fill them the next day?

[eyeball]

Tell that to the people of Zimbabwe, they believe they're doing productive work and are getting paid millions of Zimbabwe dollars for it.

What of there's no demand for that work, shall they be paid high wages to dig holes and fill them the next day?

Interestingly enough that's probably exactly what they'll be doing if/when their economy completely collapses and war inevitably breaks out. Whether the average Zimbabwean gets paid a high wage will probably be doubtful but you can bet somebody somewhere will be getting rich.

[Mr.Canada]

Interestingly enough that's probably exactly what they'll be doing if/when their economy completely collapses and war inevitably breaks out. Whether the average Zimbabwean gets paid a high wage will probably be doubtful but you can bet somebody somewhere will be getting rich.

you're a fisherman. I assume to do this to make money. In your hatred of money and accumulating wealth would you like to send any money you make above the poverty line to the poor please.

[PIK]

I wouldn't go citing Ireland in support of a low corporate tax agenda unless you think 15% unemployment and GDP growth that remains on the wrong side of zero as virtues. Not that you actually cited anything. Best find another example

Why do you think they lower the tax, to get business back ,and it is working.

[login]

Tell that to the people of Zimbabwe, they believe they're doing productive work and are getting paid millions of Zimbabwe dollars for it.

What of there's no demand for that work, shall they be paid high wages to dig holes and fill them the next day?

No their work must feed back in directly to their demands. (as well as steady import demands and also other market forcast needs especially those with deficit. It is business but business also tied into availability, also non perishable resources can be to a certain extent stored like grain in a pyramid )

You are trying to champion a failed model as my model but my model is not that failed model so stop trying to fit baby shoes on a giants toes.

Edited October 31, 2012 by login

[blueblood]

No their work must feed back in directly to their demands. (as well as steady import demands and also other market forcast needs especially those with deficit. It is business but business also tied into availability, also non perishable resources can be to a certain extent stored like grain in a pyramid )

You are trying to champion a failed model as my model but my model is not that failed model so stop trying to fit baby shoes on a giants toes.

No your model has failed, other people around the world are doing the same work at a competitive price, it's why we have massive growth in southeast Asia and south America.

The business has to make money. ThEre are other places to work other than north America. We can't pay GM workers huge salaries because the demand isn't there for GM vehicles anymore. So we are supposed to pay huge wages for cars to sit in a lot or are some workers going to have to be laid off so other workers can still get high wages?

Are you willing to pay 40 dollars for a burger and Fries at McDonalds so their workers get paid more?

[Bryan]

The irony about all of these supply-side champions on the forum is that supply-side economics was meant as a way to increase government revenue so they could fund federal programs.

Step 1: Cut corporate taxes

Step 2: Economy grows

Step 3: Collect more revenues|

Except, what as happened is that the cut in corporate taxes has put more of a burden on the middle class, kllling aggregate demand. That means the economy doesn't grow and companies don't know where to invest because demand is dead. So they sit on their piles of money waiting for the people without money to start spending.

Great system.~

It is a great system, and it's working quite well here. Cutting taxes has done exactly what Harper and Flaherty said it would: caused an increase in government revenues.

[login]

No your model has failed,

*looks around*

other people around the world are doing the same work at a competitive price, it's why we have massive growth in southeast Asia and south America.

You are monetizing it again, you fail.

The business has to make money.

No it doesn't the printer needs to make money. Although an efficient model that feeds into itself to provide demands does.

ThEre are other places to work other than north America. We can't pay GM workers huge salaries because the demand isn't there for GM vehicles anymore. So we are supposed to pay huge wages for cars to sit in a lot or are some workers going to have to be laid off so other workers can still get high wages?

You are monetizing it again, you fail. Under your logic it would pay just to ship people off to china to work in their factories. Well guess what they'd face competition there too.

Are you willing to pay 40 dollars for a burger and Fries at McDonalds so their workers get paid more?

Why buy burgers and fries when you can grow potatoes and eat for free. Make your own sandwich.

Edited November 2, 2012 by login