Populist Daily

Politics, Culture and American Life

Populist Daily header image 1

Entries Tagged as 'tax cuts'

Taxes and Stimuli, 101

August 15th, 2011 · Comments Off on Taxes and Stimuli, 101 · Capitalism, Corporations and Industry, Economics, Politics, Populism, Taxes, The Budget

So many stupid theories abound today, tossed back and forth between the billionaire-paid politicians and their paid think-tank economists, that it is hard to go a single day without shaking your head so hard that your hat falls off. The fact is that there are always only two explanations. Let me explain the two explanations […]

[Read more →]

Tags: ········

Neocon Lies About Taxes and Austerity

July 10th, 2011 · Comments Off on Neocon Lies About Taxes and Austerity · Politics, Populism, Taxes, The Budget, Wall Street

We have to stay on point, stay focused. The time has passed when the average American family can be civil and or laid back about what is happening in society. The Neoconservatives are blindly working for big capitalism to drive down wages, reduce the average equity or net worth of Americans, and control all of […]

[Read more →]

Tags: ·····

Let’s Talk About the National Budget.

May 21st, 2011 · Comments Off on Let’s Talk About the National Budget. · Corporations and Industry, Energy, Jobs, Politics, Taxes, Wall Street, Wars and Militarism

Phony baloney. Just like Walker in Wisconsin, the talk about “austerity” is a bunch of rich white men talking bull shit about what needs to be done. We don’t need austerity. Not the kind the Republicans are talking about. We need prosperity. You see, the problem with the United States right now is that we […]

[Read more →]

Tags: ······

On Raising Taxes and Restoring the Dream

April 22nd, 2011 · Comments Off on On Raising Taxes and Restoring the Dream · Capitalism, Corporations and Industry, Economics, Politics, Taxes, Wall Street

We have all benefited from lower taxes in the years since 1980. So we can’t simply say that the rich have benefited. We all have lower taxes than we otherwise would. Of course, the more money you make, the more you are taxed. So the rich, even at these lower rates, pay more by far […]

[Read more →]

Tags: ·······

Laffer Is Laughable…But It’s Not Funny.

February 10th, 2011 · Comments Off on Laffer Is Laughable…But It’s Not Funny. · Politics, Taxes, Wall Street

Does anyone believe that Arthur Laffer, Ronald Reagan’s guru, the author and prime suspect in the catastrophe known as “voodoo economics” is really an economist? He does. And after years of hard work–economics is not bean bags;there are equations and charts and calculations, and sticking your neck out to make projections–he deserves to consider himself […]

[Read more →]

Tags: ·····

The Great Neoconservative Tax Fallacy

January 16th, 2011 · Comments Off on The Great Neoconservative Tax Fallacy · Politics, Taxes

Since Ronald Reagan was elected, the whole thrust of the Conservative and now the Neoconservative movement in Right Wing Republican politics is to tell people a huge lie. It is a lie that started out simply as a lack of understanding by Reagan of economics and business. But, because of his popularity, and a severe […]

[Read more →]

Tags: ·····

Why Tax Cuts for the Rich? Because They Think They Can.

December 15th, 2010 · Comments Off on Why Tax Cuts for the Rich? Because They Think They Can. · Politics, Taxes

If you think that we need a reduction in taxes from the Bush-Cheney 2001 and 2003 tax cuts, you need to get the facts. You are being sold a bill of goods, a scam, a lie about taxes so that a few rich men who will benefit greatly want you to think that you will […]

[Read more →]

Tags: ······

The Case for Raising Taxes

September 8th, 2010 · Comments Off on The Case for Raising Taxes · Capitalism, Politics, Taxes, Wall Street

For so many years we have been told that tax cuts stimulate the economy that most of us cannot accept the fact that raising taxes will not be counterproductive to expanding the economy. But that is exactly the case. Taxes may influence behavior. If you tax cigarettes or gasoline very heavily, some reduction in consumption […]

[Read more →]

Tags: ····

Neocons and National Debt

August 5th, 2010 · Comments Off on Neocons and National Debt · Capitalism, Economics, Lobbying, Politics, Taxes

Income taxes were first levied to pay for the Civil War. After the Civil War, personal income taxes were abolished and there were basically no income taxes from 1868 to 1913. Taxes on liquor and tobacco were the chief sources of revenue for the Federal government. To fund the U.S. participation in World War I, […]

[Read more →]

Tags: ····

Voodoo Economics Versus Outright Fraud

July 16th, 2010 · Comments Off on Voodoo Economics Versus Outright Fraud · Capitalism, Politics, Populism, Wall Street

Here’s what “Voodoo Economics” is all about. Voodoo Economics refers to a theory put forth by economist Arthur Laffer in 1980…and perhaps remains his personal approach…that says that when you cut taxes the economic benefits that will accrue from that greater spending capacity will so greatly increase the domestic output that the resulting taxes will […]

[Read more →]

Tags: ········

“Please, Sir, May I Have Another!”

June 11th, 2010 · Comments Off on “Please, Sir, May I Have Another!” · Capitalism, Corporations and Industry, Economics, Jobs, Labor, Lobbying, Media, Politics, Taxes

The Republicans in Congress have their paddles out and are ready, if we let them, to make us walk the line again, while the Neocon frat boys in the Chamber of Commerce, in Congress and on Wall Street deliver a good spanking like the one they handed the country in 2007-2008. Yes, these cartoon characters, […]

[Read more →]

Tags: ·······

Beware the Ides of March and Neocon Budget Scare Tactics

March 13th, 2010 · Comments Off on Beware the Ides of March and Neocon Budget Scare Tactics · Economics, Politics

We are going through one of those periods right now where the Neocon anti-middle class propaganda machine is cranking out trash day and night. The result of course is that the weirdos crawl out into the daylight where you can see them and read their illiterate scrawling in every electronic blip on the Internet. Of […]

[Read more →]

Tags: ·····

The Next American Revolution

February 27th, 2010 · Comments Off on The Next American Revolution · Economics, Health Care, Media, Politics, Wars and Militarism

It is time for all Americans to stop what they are doing and think about the future. Your future has already been mapped out for you by a relatively small percentage of Americans, who want to eliminate the middle class. The Neoconservatives, on a mission for the very wealthy and huge international corporations, have the […]

[Read more →]

Tags: ·················

Who Is Going to Pay the National Debt?

February 17th, 2010 · Comments Off on Who Is Going to Pay the National Debt? · Economics, Politics

There was a wonderful line once in an old movie. A very savvy and skilled old billiards player, a hustler, was about to take the money from a slick and smart-alecky young man who had just ridden into town. And as the hustler chalked his cue stick, and leaned over the table to take his […]

[Read more →]

Tags: ·····

David Brooks and Neocon Advice to the Elderly

February 3rd, 2010 · Comments Off on David Brooks and Neocon Advice to the Elderly · Economics, General, Politics

“There you go again…” as a famous “B” movie actor once memorably said…memorable because he happened to be President at the time. Oh yes, we really did have an actor as President. But he was also a union president at one time. Granted, it was a union of actors, but he was elected. One of […]

[Read more →]

Tags: ············