Republican Economics Fail Again, Kanasas This Time

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outlier -> Republican Economics Fail Again, Kanasas This Time (6/9/2017 9:29:31 AM)
With seemingly all of the political media focused on James Comey’s testimony on Capitol Hill, the most interesting policy news of the week may have come from 1,000 miles away, in Topeka, Kansas. The Kansas state legislature on Tuesday voted to override Gov. Sam Brownback’s veto and roll back $1.2 billion of tax cuts over two years. The vote marked a bipartisan repudiation of what Brownback had described as an “experiment” in a particular brand of anti-tax fiscal conservatism. The failure of that experiment has implications beyond Kansas because Brownback’s approach was meant to be a model for conservatives elsewhere, including in Washington. (It was drafted with the help of prominent conservative thinkers, including former Ronald Reagan adviser Arthur Laffer and Heritage Foundation economist Stephen Moore.) Brownback’s version was particularly radical: He aimed to push personal income taxes to zero and exempted certain kinds of businesses, known as “pass-through” entities, from taxes entirely. President Trump’s tax plan doesn’t go as far, but it follows the same basic roadmap of sharply lower taxes on both individuals and businesses. Brownback and his supporters predicted that cutting taxes would create jobs and spur entrepreneurship while boosting government revenue. That isn’t what happened. Kansas’s economy has performed reasonably well since the first cuts were passed in 2012, but its neighbors’ economies have done as well if not better; a recent study concluded that the business tax cuts at the heart of Brownback’s plan had little if any impact on the state’s economy. Meanwhile, the state’s fiscal condition fell off a cliff: Tax revenue plunged, creating huge budget shortfalls and leading ratings agencies to downgrade the state’s credit rating. (emphasis added) Some conservatives have argued that Brownback’s experiment isn’t a fair test of their economic theories because Kansas didn’t pair its big tax cuts with equivalent reductions in government spending. But there’s a reason for that: Members of the public might not like paying taxes, but they do like the services those taxes pay for. When it looked like Kansas’s budget gap would lead to big cuts to education and highway spending, voters responded by throwing conservative legislators out of office and replacing them with the Democrats and moderate Republicans who this week overrode Brownback’s veto. Whether Republicans in the U.S. Congress learn the economic lessons of the Kansas experiment remains to be seen. But you can be sure that they’ll be studying the political lessons closely. https://fivethirtyeight.com/features/the-kansas-experiment-is-bad-news-for-trumps-tax-cuts/

Musicmystery -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 9:55:08 AM)
The lesson here: In real life, stuff costs money, there isn't a magic money tree, and there's stuff we need.

mnottertail -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 9:58:48 AM)
Kansas is a lot like Venezela isn't it?

BoscoX -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 10:46:39 AM)
Are leftists fundamentally incapable of admitting to themselves that too much taxation is harmful to an economy? That at some point, taxation is excessive? Anecdotal evidence can be found to "prove" almost anything, but it's a type of fallacy

mnottertail -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 10:50:03 AM)
are nutsuckers too fucking retarded to know that they are innumerate borrow and spenders and you have to pay for it sometime? Nutsuckers have turned Kansas into Venezuela their communist felchgobbling paradise. How is taxation harmful to an economy? See, what nutsuckers dont realize is taxation is money, and money is for spending on goods and services. Of course there can be excessive taxation, our devastating debt says we arent even close to needful, let alone excessive.

BoscoX -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 10:59:41 AM)
quote: ORIGINAL: mnottertail Of course there can be excessive taxation And here everyone says you're a total retard... [:D]

Musicmystery -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 11:05:26 AM)
quote: ORIGINAL: BoscoX Are leftists fundamentally incapable of admitting to themselves that too much taxation is harmful to an economy? That at some point, taxation is excessive? Anecdotal evidence can be found to "prove" almost anything, but it's a type of fallacy The question is why is ANY taxation always portrayed by the right as "excessive"? The US thrived for decades under "excessive" taxation. Became a world power. Led the world (until Trump).

BoscoX -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 11:08:44 AM)
quote: ORIGINAL: Musicmystery quote: ORIGINAL: BoscoX Are leftists fundamentally incapable of admitting to themselves that too much taxation is harmful to an economy? That at some point, taxation is excessive? Anecdotal evidence can be found to "prove" almost anything, but it's a type of fallacy The question is why is ANY taxation always portrayed by the right as "excessive"? The US thrived for decades under "excessive" taxation. Became a world power. Led the world (until Trump). Yeah yeah yeah, "ANY" "always" [:D] And now, Trump has destroyed the world, in four short months [:(]

mnottertail -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 11:28:28 AM)
is your world better off than it was 4 years ago?

Musicmystery -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 12:01:18 PM)
quote: ORIGINAL: BoscoX quote: ORIGINAL: Musicmystery quote: ORIGINAL: BoscoX Are leftists fundamentally incapable of admitting to themselves that too much taxation is harmful to an economy? That at some point, taxation is excessive? Anecdotal evidence can be found to "prove" almost anything, but it's a type of fallacy The question is why is ANY taxation always portrayed by the right as "excessive"? The US thrived for decades under "excessive" taxation. Became a world power. Led the world (until Trump). Yeah yeah yeah, "ANY" "always" [:D] And now, Trump has destroyed the world, in four short months [:(] Reading comprehension. Seriously, work on it. I didn't say he destroyed the world. I said the US no longer leads it after he took the helm. The Western World ("free world") is lead by Germany; the economic world is led by China. Admittedly that is fast work for not even being in office for half a year.

WickedsDesire -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 12:23:32 PM)
Venezela is a lot like America is it not?

BoscoX -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 12:33:36 PM)
quote: ORIGINAL: Musicmystery quote: ORIGINAL: BoscoX quote: ORIGINAL: Musicmystery quote: ORIGINAL: BoscoX Are leftists fundamentally incapable of admitting to themselves that too much taxation is harmful to an economy? That at some point, taxation is excessive? Anecdotal evidence can be found to "prove" almost anything, but it's a type of fallacy The question is why is ANY taxation always portrayed by the right as "excessive"? The US thrived for decades under "excessive" taxation. Became a world power. Led the world (until Trump). Yeah yeah yeah, "ANY" "always" [:D] And now, Trump has destroyed the world, in four short months [:(] Reading comprehension. Seriously, work on it. I didn't say he destroyed the world. I said the US no longer leads it after he took the helm. The Western World ("free world") is lead by Germany; the economic world is led by China. Admittedly that is fast work for not even being in office for half a year. Your hysterics are just funny, that's all. Don't obsess over my reading comprehension too much, moose. You constantly hysterically preach that it's the end of the world if voters have a voice Worry more about your own lack of sanity and common sense Republicans "always" oppose "ANY" taxes? You are a fucking loon Youve been slobblegobbling too much of that sharp ron felchgobble

mnottertail -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 12:41:31 PM)
Oh, you are fat and stupid pedophile putinjizz felcgobbling compound gimp, you are trying to turn this country into Venezuela, your nutsucker paradise with your real dull fucking retardation and toiletlicking. People see what you post, this aint the airport bathroom stall wall.

WickedsDesire -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 12:46:00 PM)
she is not real do you know that? probably another faggot like you who lives in its mums crawl space howling away like demented cunts...begin who will win? those canny will have noticed I have switch down to two days. I am about to switch down to 7

WickedsDesire -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 12:59:19 PM)
what did I tell you olde man? well you are abit older than me methinks I can unleash swear words to an extent you will be sick in your own lap eg boscox he laps sick up did you know that

Musicmystery -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 2:49:09 PM)
quote: ORIGINAL: BoscoX quote: ORIGINAL: Musicmystery quote: ORIGINAL: BoscoX quote: ORIGINAL: Musicmystery quote: ORIGINAL: BoscoX Are leftists fundamentally incapable of admitting to themselves that too much taxation is harmful to an economy? That at some point, taxation is excessive? Anecdotal evidence can be found to "prove" almost anything, but it's a type of fallacy The question is why is ANY taxation always portrayed by the right as "excessive"? The US thrived for decades under "excessive" taxation. Became a world power. Led the world (until Trump). Yeah yeah yeah, "ANY" "always" [:D] And now, Trump has destroyed the world, in four short months [:(] Reading comprehension. Seriously, work on it. I didn't say he destroyed the world. I said the US no longer leads it after he took the helm. The Western World ("free world") is lead by Germany; the economic world is led by China. Admittedly that is fast work for not even being in office for half a year. Your hysterics are just funny, that's all. Don't obsess over my reading comprehension too much, moose. You constantly hysterically preach that it's the end of the world if voters have a voice Worry more about your own lack of sanity and common sense Republicans "always" oppose "ANY" taxes? You are a fucking loon Youve been slobblegobbling too much of that sharp ron felchgobble And again, reading comprehension. YOU said the world was being destroyed, not me. Tell me. . . which taxes ARE Republicans for?

BoscoX -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 3:00:00 PM)
quote: ORIGINAL: Musicmystery Tell me. . . which taxes ARE Republicans for? You talk about reading comprehension... Look at the OP for your example. If it was an elephant you would have fallen off of it. Kansas is overwhelmingly Republican, and they just voted for higher taxes. All Republican governments levy taxes.

MrRodgers -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 3:10:05 PM)
quote: ORIGINAL: BoscoX quote: ORIGINAL: Musicmystery Tell me. . . which taxes ARE Republicans for? You talk about reading comprehension... Look at the OP for your example. If it was an elephant you would have fallen off of it. Kansas is overwhelmingly Republican, and they just voted for higher taxes. All Republican governments levy taxes. The Kansas state govt. just voted against lowering taxes. There is a difference. Taxes do not go higher or lower.

WickedsDesire -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 3:13:11 PM)
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BoscoX -> RE: Republican Economics Fail Again, Kanasas This Time (6/9/2017 3:15:54 PM)
From the OP quote: The Kansas state legislature on Tuesday voted to override Gov. Sam Brownback’s veto and roll back $1.2 billion of tax cuts over two years. Raising taxes by any other name is still raising taxes

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