IMF: higher taxes for rich will cut inequality without hitting growth

heh, check and mate, conservative retards

archive.is/z2Phm

Other urls found in this thread:

tampabay.com/news/business/economicdevelopment/study-obama-tax-hikes-on-rich-didnt-hurt-economy-or-rich/2301353
youtube.com/watch?v=Rksd80-FCAw&feature=youtu.be&t=191
en.wikipedia.org/wiki/Economic_Recovery_Tax_Act_of_1981
youtube.com/watch?v=bsO_slTTEr4
cnbc.com/2017/09/28/5-trillion-question-for-trump-tax-plan-how-to-pay-for-it.html
federalreservehistory.org/essays/recession_of_1981_82
en.wikipedia.org/wiki/It's_the_economy,_stupid
youtube.com/watch?v=M4RS9EXNz54
latimes.com/nation/la-na-obama-deportations-20140402-story.html
statista.com/statistics/205240/us-underemployment-rate/
en.wikipedia.org/wiki/List_of_recessions_in_the_United_States)
twitter.com/SFWRedditGifs

Of course the economy does better when u raise taxes on the rich.

The problem is that George Soros, Warren Buffett and other billionaire globalist elites programmed right wing retards to always fight for tax cuts for billionaires.

>"It is striking to note that the best growth years for the bottom 99 percent since 1990 have taken place in the mid to late 1990s and since 2013, shortly after increases in top tax rates," Saez wrote.

tampabay.com/news/business/economicdevelopment/study-obama-tax-hikes-on-rich-didnt-hurt-economy-or-rich/2301353

fucking conservashits

but everyone knows the reason why Clinton had such a strong surplus is because of the spillover from Reagan's booming economy and the dotcom bubble which burst in 2001 eliminating 6T in wealth

>goyim if we import 3rd worlders to do labor for a dollar an hour you can subsidize them with welfare money to make up the difference! Oy vey what a plan!

Based Bill Clinton slayed the Republican budget deficit and produced the CLINTON SURPLUS because he raised taxes on the rich. Something republicans refuse to do. In fact, they always cut taxes on your billionaire globalist heroes.

The Reagan/Bush economy was so bad that Trump called it a DEPRESSION

youtube.com/watch?v=Rksd80-FCAw&feature=youtu.be&t=191

(((analysis)))

Isn't it funny how conservashits and right wing retards always fight for tax cuts for billionaires?

>Conservatards lie for decades about a really really bad, unbelievable bunch of bullshit (trickle down works!)
>Get furious when anyone points out it always fails and amounts to corporate welfare

Lets give the rich 100% tax cuts and then let them fuck our wives in exchange for jobs. The economy will literally boom with unlimited growth.

this

they literally dindu trickle down economics, which has been their predominant ideology for the last 40 years

leaf

So after a major crash in 2008 it took 8 years of higher taxes on the rich to go back to the same budget deficit levels the US had with low taxes on the rich?
I suspect tax changes had no impact (or a negative one) and what your graph shows is the standard rebound after a major economic crisis.

>Isn't it funny how conservashits and right wing retards always fight for tax cuts for billionaires?

Isn't it funny how leftist faggots are obsessed with trying to steal other people's money? Saged

t. trump voter

isn't it funny how you can't cite your fucking sources

OK then Trump is wrong. Reagan inherited a collapse just like Obama did, however his policies recovered it and had one year with almost 8% growth, averaging around 3.5%, well above the last 40 year average of 3%, or Obama's all-time-worst average of around 2%. Also raising taxes will reduce the deficit, however it hurts the economy as a whole. I don't know how I feel about rich people tax cuts, however I certainly support MIDDLE CLASS tax cuts, which Trump's proposed tax plan certainly has. I make well below the average pay in my state and stand to benefit from his plan.

look up the estate tax dummy

It's a 40% tax that kicks in at over $5.5 Million for singles and $11 million for couples.

Trump has specifically targeted Blue state wealthy democrats to cover his project costs and they have responded by attempting to gouge blue state citizens electric bills with scientific test equipment posing as metering equipment, capable of enabling terrorist power outages.

>rich people see increased taxes
>rich people move themselves and their wealth to 3rd world country, but still hold citizenship in high taxes country

conclusion: less rich people in high tax countries = raised taxes for everyone else to account for lost taxes thanks to no more rich people = slowly turning into slavery.

>Reagan inherited

Here's what conservashits are never told about Reagan. He crashed the economy in 1981-1982 because his first budget was a total disaster.

en.wikipedia.org/wiki/Economic_Recovery_Tax_Act_of_1981

>In the year after enactment of ERTA, the deficit ballooned, which in turn, drove interest rates from around 12% to over 20%, which, in turn, drove the economy into the second dip of the 1978-82 "double dip recession". The Dow Jones average, which had been over 1000 before enactment of ERTA, fell to 770 by September 1982. Much of the 1981 ERTA was backed out in September 1982 by the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), sometimes called the largest tax increase of the post-war period. The "Reagan recovery" began within weeks of enactment of TEFRA.

In my opinion the taxation for high income owners should remain as it is.
I support the reduction in corporate tax and for the middle class. Not to mention the increase in child credit.
If the fourth bracket is added, it will be an excellent tax reform.

if you taxed the top 1%, the billionaires wouldn't get the lefties to go after you in order to distract them.

You won't get any any free gibs nogger.
George Harrison wrote this when england taxed the rich at 90%.
youtube.com/watch?v=bsO_slTTEr4

$5 trillion question for Trump tax plan: How to pay for it?
cnbc.com/2017/09/28/5-trillion-question-for-trump-tax-plan-how-to-pay-for-it.html

You realize a lot of middle class Americans take the local and state income tax deduction as well right? And even if u take that away, it doesn't pay for the trillions in lost revenues.

The IMF was created by crypto commies and still ran by crypto commies.

>doesn't know the recession was caused by high inflation which was purposely employed by the fed

federalreservehistory.org/essays/recession_of_1981_82

Fuck you are god damn delusional. Anyways the point remains, whether Reagan caused the recession or didn't, that he had an excellent economy during his time and afterwards. Bill's surplus was the result of relatively low inflation due to Greenspan's control over the fed and MOSTLY DUE TO THE DOT COM BUBBLE WHICH CREATED 6T IN FAKE WEALTH THAT EVAPORATED LATER ON.

>And even if u take that away, it doesn't pay for the trillions in lost revenues.
Fuck the government.
We are 20 trillion dollars in debt..
And you fuckers wanna give them more money and power?
kys now.

The Clinton surplus was because he raised taxes on the rich which raised revenues.

You do realize that Reagan was a fucking disaster with the budget.

This is what u Republicans do every time. You explode the budget deficit with massive tax cuts for the rich. I'm pretty sure u wanna bankrupt America just go give tax cuts to your billionaire globalist overlords.

More or less.
Even with the so called "highest tax increase since ww2", overrall tax revenue was still lower than they used to be. So overrall tax did decrease under Reagan. The problem with the one in 1981 is that it was done way too fast when it should have been done gradually.

However, tax of 70% for high income is just too much. Not even european countries do this anymore.

>The Clinton surplus was because he raised taxes on the rich which raised revenues.
No. He inherited the results of reagans economy leaf fag.
You must like rapists. I bet you like Weinstein too.

Oh shit, some globalist shills did a study that contradicts basic economic theory and common sense? Where do I sign up?

>You explode the budget deficit
Obama doubled the debt in his 8 years.
You were saying?

>1 post by this id

Fake news.

Saged.

How fucking retarded are you? Based Bill Clinton won because the economy was shit you fucking moron.

en.wikipedia.org/wiki/It's_the_economy,_stupid

Trump called it a DEPRESSION

youtube.com/watch?v=Rksd80-FCAw&feature=youtu.be&t=191

Based Bill did the opposite of Reaganomics. HE RAISED TAXES ON THE RICH.

How many balanced budgets did Reagan have? Oh that's right zero. He even said that he regretted his massive budget deficits. I remember Ron Paul saying that on the debate stage

u mean Reagan

brb

>right wing
>globalist
>pro Jew

True right wingers are willing to violently stop globalism and want to see these globalist Jews executed. Don't confuse right wingers with neocons

>meanwhile on the left people who want mod environmental regulations and jobs be like
>WE DEMAND MORE OPEN BORDERS

can't find clip of ron but here's rand condemning Reagan's deficits
youtube.com/watch?v=M4RS9EXNz54

>implying "the money" doesn't come from a job in the first place

I have come to the opinion that taxes really don't matter. The economy is more of how people feel, rather than how things actually are.

I don't like trump because tax cuts for billionaires I like him because immigration policy

Hillary wasn't going to raise taxes on globalists anyway

>I have come to the opinion that taxes really don't matter. The economy is more of how people feel, rather than how things actually are.
Taxes matter but not as much as the control of bank cartel and its worthless money creation and artificial interest rates.

>liberals lie for decades about a really really bad unbelievable bunch of bullshit (multiculturalism works)
>get furious when people point out its a massive failure

>based
The only good thing he did was with the economy the rest of his policies were absolute horseshit

Oh look an Obamaleaf thread

Obamaleaf, I might leave for a couple of weeks or a couple of months, but this man is always there.
I am quite astounded at the sheer perseverance of this person.

Obama as well. Niggers should not be allowed to vote much less become president

They don't matter to the extent that people make them out to be. The control of the banks, the money supply, and pubic opinion matter a whole lot more.

>politicians know how tax code affects the rich more than the guy who takes advantage of the tax code
Activates my almonds bro

Work hard enough so that you may never have a great life but you can ensure a great life for your offspring.

Then it won't matter if there is rising inequality; you'll be above it all.

thx

saved

Did you vote Trudeau? He right now is raising taxes in the working class while leaving billionaire Chinese money launderers untouched

Deal with your own country first

>purposely misleading

that's only true because of how small the deficit was before Reagan. If the deficit was $1 and you increaase it by $2 you increased the deficit by 200%!!! Obama added TEN TRILLION to the deficit, Reagan added less than TWO TRILLION, Obama's addition was over 5x as disastrous.

>canadian education

Kek. You're such a proxy nigger.

Obama cut the budget deficit by 2/3

you are correct reagan exploded the budget deficit

that's what republicans always do

Republicans can't be trusted with money.

Trump and the GOP will try very hard to bankrupt America. All to give trillions in tax cuts to billionaires.

You never address anything besides economic policy

When will you admit Clinton/Obamas ideals of multiculturalism are a massive failure as bad as bushes economic policies

i dont use proxies

Obama actually slightly reduced annual immigration.

I bet Trump will increase it.

>republicans can't be trusted with money
And democrats can't be trusted with immigration and border policy. Population gets far less white under democrat presidents than republican ones

>Xexixoxum actually beleafs that the people affected by this have actually ever had to pay it
Demonrats: Maximum tax rates, no actual taxes. No wonder nearly all millionaires and billionaires are Demonrats.

Obama deported so many illegals that this guy and many others called him the Deporter in Chief

But you do realize the democrats support America becoming minority white right? Break that immigration down by race immigrants aren't bad nonwhites are

>u mean Reagan
Maybe id carter hadn't decimated the military?
You see that's what liberal democrats always do. They weaken our military and create massive entitlement programs.
And then republicans are left to clean up the mess. All politicians should tr to cut back spending but that's against their interest. And don't even mention the paul boys and their libertarian bullshit.
Libertarians just enjoy sitting on the fence like they have some moral higyh ground.

Obama added more debt than all other presidents combined. The "deficit" was only so large because congress spent $1T on a big bank bailout in 2008. If you average over Bush's terms (which would be fair) then Obama actually increased the deficit. God can all you do is cherry pick poor statistics? You can never actually respond to a point, just change and throw out another tangential and misleading statistic. The fact is Obama's economy was the slowest economic recovery for a recession in US history.

kek, that fucking chart

I don't care if they're illegal I care if they're white or not. Democrats are more supportive of nonwhites

>only because he redefined how deportations work

America is factually getting less white by the day, at 52% now. Stop cherry picking irrelevant things.

Am I the only person that doesn't care about how rich the rich get as long as the floor continues to move up? I'll never understand why people want to end inequality by making life shit for everybody.

>Nobody should ever have to work for a living

I'd rather have a million white illegals than a million legal nonwhites

Lol excellent bait.

Of course just like the last ten times I accused you of using them. The collage is great though. I might have to save it. Not sure if it's intentional but you make it kind of obvious it's all you because it's the same type of funny shit you usually say. Like if Obamaleaf were to jump on a proxy and praise himself (which you do) that's exactly how it would sound.

newsflash so do Republicans

Europeans don't want to immigrate to America. Not in large numbers anyways.

>>only because he redefined how deportations work

lol no he didn't.

lol just like the fucking unemployment rate

anytime u retards are faced with a fact u don't like, u claim it was (((re-calculated)))

lol typical right wing retards

>cut the budget with a republican congress
>republicans cant be trusted
Leafs

>Europeans don't want to immigrate to America.
Who wants euroniggers?

Ahh yes, I had forgotten that whatever the president wants to do is law. Clinton's bill was basically revised by the REPUBLICAN MAJORITY IN CONGRESS. You coon. Tax revenues increase whenever tax rates are lower, this is basic economics and can be easily verified by checking the numbers.

Please please please tell me what fucking economists has ever mentioned trickle down economics as a ideology or theory. Both liberals and conservatives state this stupidity, the problem being is that this is not a theory and much less an ideology, it is just a term coined during the Reagan administration, no economist has ever "devoloped" this theory or added to it. Examples of economic theory is Keynesianism, Monetarist, Austrian, Behavioral, MMT.


The case is simple, government promotes inefficiency. Increases in tax rates leads to money being pulled out from the economy and invested in other countries, this is not bad per se but defeats the purpose of the increase in taxes as you will not be able to tax as much revenue. Tax cuts doesn't mean "hurr durr tax cuts for the rich" you fucking idiots. That whole basis is flawed because others receive tax cuts as well, the return on capital is always higher than economic growth which explains in part why the richer are getting rich and a combination of other factors such as culture, savings, time, education, etc. Remember what happened when a minimum wage law was instated, "omg SO GOOD, I didn't graduate elementary school but can get paid 7.50 an hour" thing is that this person can't get a job because he is priced out of the market and now can't gain experience so he can grow as a person and worker. Why do you think black unemployment increased when this was instated, same shit with Affirmative Action and the Civil Rights Law, both of them created cases where blacks would only be hired if they were worth the risk since suing because of muh racism was now becoming common.

:/
Counting juniors and seniors (unemployed/retired) then yes, the "real" enemployments would be around that.

>lol no he didn't

Factually incorrect:

latimes.com/nation/la-na-obama-deportations-20140402-story.html

>
lol just like the fucking unemployment rate

>anytime u retards are faced with a fact u don't like, u claim it was (((re-calculated)))

Red herring, but also the unemployment rate is low however its' well known that the underemployment rate is at record high

statista.com/statistics/205240/us-underemployment-rate/

God destroying obama leaf is too fucking easy.

>tax the rich
>in a globalist-leaning world
sureway to get that capital to leave your country, Good job
If it was as easy as you make it look, it would have been done already, but it's literally a death sentence when you're causing more than half of your taxes to decide to move elsewhere with their money

>hurr durr politics is simple
you have no idea the level of jewry, central banking, regulation, black hat capitalism, and market manipulation goes on from the federal reserve. this is keynesian socialist subversive fabian society economics vs traditional economics.. and we've had keynesian since the early 20th century.

>Growth
Growth
>Growth

Growth is nothing without shrinkage. you get erect, you cum, your penis shrinks. Population of a species grows, they run out of food, population shrinks. Spring comes, plants grow, winter comes, plants die.

This is the default state of nature. Growth cannot continue forever. Life must die before it can be reborn. With the individual, it happens many times over lifespan. With Civilization, being a mirror of the collective, it happens over a longer period, but the results are the same.

Spiral in. Spiral out. Inescapable.

>UK in charge of anything
what the fuck went wrong?

so many of you still immigrate here

>(((IMF)))
lol they are the fucking problem dipshit

And here's the leaf for our "economics" lesson

All of those decreases are right around the end of their respective decades. There is ALWAYS a recession at the end of a decade (at least for the last 50-odd years see en.wikipedia.org/wiki/List_of_recessions_in_the_United_States)

That's why you see that data you listed, the tax increases made the recoveries worse but there still will be a recovery even if you're trying to prevent one by raising taxes.

Nice bait though.

Even Trump admitted the unemployment rate is real.

He just told u retards it was 42% because he knows his retarded followers will believe anything

>Red herring, but also the unemployment rate is low however its' well known that the underemployment rate is at record high

U6 is the underemployment rate

It plummeted under Obama

How is it at a record high?

Are u mentally retarded?

>God destroying obama leaf is too fucking easy.


lol all u did was btfo yourself

i love massacring u retards

u try so hard and fail every time

seriously how the fuck is U6 at a record high?

lol you're fucking retarded bro

Actually it WI make them move their factories out of the USA

You know... Like it always has

Likes want you poor because the majority of people who make >$35k/yr are republican

So simple only a liberal could fail to understand it

What if we just kill them and take the money

>There is ALWAYS a recession at the end of a decade

1999 is calling u a retard

>purposely cuts off part before 2009 where it's always lower than this

howtocherrypick.jpg

brb

>ITT conservatards spew pro-capitalist talking points regurgitated from their jewish talk radio hosts

this, she was probably not going to shit and probably start war with russia and iran.

why does inequality need to be addressed?

How about the government lowers everyones taxes and fucks on offa my paycheck?