Forum Home | Log in | Signup | My Page | Rules | FAQ | Boards | Members | Search
« ALEA Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: Boris Johnson Expected to Stand in U.K. Leadership Race

By: Cactus Flower in ALEA | Recommend this post (0)
Fri, 21 Oct 22 12:37 PM | 26 view(s)
Boardmark this board | The Trust Matrix 		Msg. 47561 of 54959
(This msg. is a reply to 47560 by clo2)
Jump:
Jump to board:
Jump to msg. #

It's the Paul Ryan plan, pretty much. So no wonder the two Ryan fans, Stephen Moore and Larry Kudlow, support it.

They propose that giving tax revenue to extremely wealthy people helps the economy to grow down the road. If that worked, it might be worthwhile.

But there's no evidence (in spite of many attempts) that it actually works. It just makes rich people richer and produces government deficits.

Knowing this, one wonders if its proponents are not well informed, or if they have another motive, which is to reward their rich supporters. Hmm. Which is it?

My own sense is that growth-inducing innovation emerges from the middle of the income curve. So I just don't see the case for helping out high earners, who avoid paying a lot of tax anyway. I'd be for providing incentives for innovators and closing tax avoidance loopholes if anything.

» You can also:
- - - - -
The above is a reply to the following message:
Re: Boris Johnson Expected to Stand in U.K. Leadership Race
By: clo2 in ALEA
Fri, 21 Oct 22 11:57 AM 		Msg. 47560 of 54959

You know what's ironic, after Truss announced her plan of tax cuts for the rich, pundits on Fox hailed her!

Yes, they said she would turn things around!

and this is what republicans want to do if the gain control...

That Time Fox Business’ Larry Kudlow Touted Liz Truss’ ‘Terrific’ Economic Plan, Compared It to Kevin McCarthy’s (Video)
”Truss has it exactly right,“ the anchor and former Trump official proclaimed

http://www.thewrap.com/larry-kudlow-liz-truss-economic-plan-fox-business-news/

...
Right-wing media figures are toasting United Kingdom prime minister Liz Truss’ massive tax cuts geared toward the wealthy as a potential model for the U.S. if Republicans return to power.

“I love what Liz Truss is doing in England,” perpetually wrong right-wing economics commentator Stephen Moore said during a Monday appearance on Fox Business. “I think it is exactly the right agenda of cutting taxes.”

The former Trump adviser added that Truss is doing “exactly what the United States should be doing,” and predicted that “the cavalry is coming” if the GOP dominates in the November midterm elections.

« ALEA Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next