brewster wrote: ↑Thu Oct 10, 2019 8:53 pm
StCapps wrote: ↑Thu Oct 10, 2019 6:05 pm
You guys really are retarded. Shitting on Milton Friedman and pretending the laffer curve isn't a thing. Absolute morons.
Attracting more wealth to your state via low taxes and thus having a larger pool of wealth to tax from, working better than high taxes with wealth fleeing your state, is just fucking plain as day. That is how build an economy, economic growth leads to more revenue than raising taxes, especially in the long run.
FL is the only exception to your theory being nonsense, and FL brings in bookoo retirement money from the wealthy states. TX is not really a low tax state, about the same as WA & OR. The most vibrant state economies outside of boom and bust drilling like ND are the high tax coastal states. Kansas tried cutting taxes and fucked their state royally without making their economy boom. Perfect case of failure, but ideologues like to forget it. And austerity fucked over Europe while spending got us out of the great recession. But fact free ideology ignores what actually works in favor of what 'feelz right'. Spending on weapons instead of infrastructure is more crony capitalism masquerading as patriotism. Lockheed knows how to buy congressmen wholesale.
It brings in retirement money because of the low taxes and weather, it's not a coincidence. Spending didn't get you out of the Great Recession, it prolonged it, low interest rates is what got you out of it, and those chickens will come home to roost. Federal Infrastructure spending is always a boondoggle, even during the times it works better than others, the weapons actually do more for the economy, talk about ignoring the facts in favor of what "feelz right", physician heal thyself and stop projecting your own faults on others.
Low tax coastal states are growing faster than high tax coastal states, it's not the high taxes that is fueling the economy, it's the geographical location. The coastal states could be doing better without the high taxes, see Florida, and the same goes for landlocked states as well. Federal dollars should go towards the military, the states and localities can handle the infrastructure spending, subsidiarity ftw.