tag:blogger.com,1999:blog-7370511552390871439.post4232533011408217082..comments2024-03-23T16:59:42.092-06:00Comments on The Goates Notes: Change DoctrineDavid B. Goateshttp://www.blogger.com/profile/01978666830682045128noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7370511552390871439.post-27992301939821497632012-09-20T09:43:36.250-06:002012-09-20T09:43:36.250-06:00Thanks for your comments, but we're not going ...Thanks for your comments, but we're not going to debate tax policy here. Your sources do little but promote a tired agenda of class warfare among us. Until Zion comes again there will always be economic and class divisions, exactly as prophesied in the Book of Mormon, because the people rejected then as now the law of consecration. I reject totally and wholeheartedly government central planners who would presume to manage our lives to "equalize" us through mandates. Government must serve the people within the boundaries of restrained enumerated powers spelled out in the Constitution. When we come to see it as the panacea for all society's ills, we surrender freedom. This election isn't about politics - Romney vs. Obama, rich vs. poor, Republican vs. Democrat. It's much more substantive and fundamental. It's about taking off the shackles of a government-managed life that would guarantee "equal" success for everyone through unrestrained redistribution of wealth, something Obama passionately believes is needed. Who's plan was that? You give Obama four more years in a lame duck administration with no further accountability to voters, and make no mistake this country will look nothing like the utopian vision he holds out for the unsuspecting.David B. Goateshttps://www.blogger.com/profile/01978666830682045128noreply@blogger.comtag:blogger.com,1999:blog-7370511552390871439.post-57217459727937298882012-09-19T12:28:48.133-06:002012-09-19T12:28:48.133-06:00And you sure do need to do some repenting son!
Re...And you sure do need to do some repenting son!<br /><br />Read your Book of Mormon about inequality in the land. Education brought prosperity, prosperity brought education in an unrighteous society. In a righteous society you care for one another, and grow together equally. <br /><br />A good book to read is "Who stole the American Dream" by Hedrick Smith.<br /><br />Here is some statistics for you to study, while you repent! Study shows the tax cuts for the bottom 90% created Economic Growth and job creation. Not the top 10%. And especially not the top 1%. Romney and his 1% are not job creators the study shows. Unless your talking about his housekeeper and gardener whom are illegals, paid less than minimum wage. They have only created more inequality in the land, with unnecessary tax cuts for the rich, that only made it worse. And only added more to the deficit especially during Republican Presidents.<br /><br />Yes, we are quite the unrighteous society with the greatest divide between the rich and the poor among us!<br /> <br />http://www.huffingtonpost.com/2012/09/17/tax-cuts-for-the-rich_n_1889686.html?ref=topbarTax <br /><br />Cuts For The Rich Linked To Income Inequality, Not Economic Growth, Study Finds <br /><br /><br />The Huffington Post Bonnie Kavoussi First Posted: 09/17/2012 10:56 am Updated: 09/17/2012 11:57 am <br /><br />A new study by the nonpartisan Congressional Research Service has found that over the past 65 years, tax cuts for the rich have not led to economic growth and instead are linked to greater income inequality in the United States.<br /><br />The study found that cutting taxes for the rich does not increase saving, investment, or productivity growth. "The top tax rates appear to have little or no relation to the size of the economic pie," the study said. <br /><br />Two graphs show the lack of connection between tax rates for the rich and economic growth:<br /><br /><br /><br />The authors noted that top-tier tax rates could have an effect on "how the economic pie is sliced." The study noted that in 1945, when the richest families had to pay a marginal tax rate of more than 90 percent, the top 0.1 percent of U.S. families accumulated 4.2 percent of all income gains. In 2007, in contrast, when the top marginal tax rate was 35 percent (which it still is), the top 0.1 percent of U.S. families captured 12.3 percent of all income gains.<br /><br />Two graphs from the study show a clear connection between higher taxes for the rich and less income inequality:<br /><br /><br /><br />Those findings are inconvenient for the Romney campaign. In a continuation of trickle-down economic theory, the Republican presidential nominee has argued that cutting taxes for the rich would "stimulate entrepreneurship, job creation, and investment," thus "breathing life into the present anemic recovery." <br /><br />Romney has said he wants to extend all of the Bush tax cuts, while President Obama wants to extend those tax cuts only on the first $250,000 of taxable income. Romney also wants to slash marginal tax rates and taxes on investment income, as well as eliminate the estate tax -- all of which would disproportionately benefit the rich.<br /><br />A recent study by Owen Zidar, a PhD student in Economics at the University of California at Berkeley, also found that tax cuts for the rich are not correlated with economic growth. But Zidar did find that tax cuts for the bottom 90 percent of income earners can stimulate economic growth and job creation.<br /><br />(Hat tip: the New York Times' David Leonhardt.)<br />Anonymousnoreply@blogger.com