The dollar is down and the Laffer curve is shown to be a laugher.
Why is the dollar down?
In a word "Reaganomics"
We are now being "trickled down" on. it takes decades for flawed theories to reveal that it was all theory, not reality. But this is what the people wanted, a well told story!
Comparing Clinton and Bush on Income Taxes [View article]
How convenient. Just look at an adjusted gross income tax table and you are a conservative who is capable of meking decisions that affect the lives of all americans! Simple mind, simple answer, simply awful economy! What is not addressed is all the wrote offs available to those in the upper income brackets and the preks that are no charged as income. Even at Vanguard funds if you have a half million you pay lower fees. this is the case across the whole economic spectrum. What is not addressed is who pays the bills. That falls to the middle income who are living pay check to paycheck. Also, the tax cuts are more than offfset by the devaluation of the dollar which falls hardest upon those who cannot pass on rising costs to consumers as can even small business's. When you consider what has been done to America by the Bush version of Reaganomics you wonder what they have conserved beside their priveleged position. Reaganomics= Reagan left office with a 4 trillion deficit. Clinton pay go=budget surplus. Bush Reaganomics=9trillion deficit. when will the conservatives understand they must pay the bill for what they have taken as their own? Never!
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Latest | Highest ratedWhat's Keeping the Dollar Down? [View article]
Why is the dollar down?
In a word "Reaganomics"
We are now being "trickled down" on. it takes decades for flawed theories to reveal that it was all theory, not reality. But this is what the people wanted, a well told story!
Indexing Our Global Market Portfolio [View article]
Comparing Clinton and Bush on Income Taxes [View article]
What is not addressed is all the wrote offs available to those in the upper income brackets and the preks that are no charged as income. Even at Vanguard funds if you have a half million you pay lower fees. this is the case across the whole economic spectrum. What is not addressed is who pays the bills. That falls to the middle income who are living pay check to paycheck.
Also, the tax cuts are more than offfset by the devaluation of the dollar which falls hardest upon those who cannot pass on rising costs to consumers as can even small business's.
When you consider what has been done to America by the Bush version of Reaganomics you wonder what they have conserved beside their priveleged position.
Reaganomics= Reagan left office with a 4 trillion deficit. Clinton pay go=budget surplus. Bush Reaganomics=9trillion deficit. when will the conservatives understand they must pay the bill for what they have taken as their own? Never!