If Bush's economic and tax policies are so wrong, why is the treasury taking in more revenue than ever?

Question

http://www.nytimes.com/2006/07/09/washington/09econ.html?ei=5088&en=ec2d242da8699725&ex=1310097600&partner=rssnyt&emc=rss

Could it be that when the wealthy invest, the taxes on their gains really do help the economy and feed the government?

Answer 1

Ummm... you're not actually looking at the national debt there, are you sparky... or the actual per capita disposable income.

Answer 2

It is reported that factory production is up because exports are up. The Dow Jones has increased to record levels since Exports continue to out pace Imports from the U.S. The dollar is weak and the trade imbalance with China continues to skyrocket. The money to fund the war is done on the American Credit Card, so we do not feel it at the moment, but you and I will be paying the piper for generations. It is well known that a separate supplemental bill has been drafted alongside the current government expenditures. As a result, we are indebted to our borrowers, that would be China, Japan and England. In addition, more money and jobs are going out of the country than coming in. However, if you are an investor, these are good times. Foreign investments in the stock portfolio are making money hand over fist. On the contrary, if you are middle class, jobs are being exported to Mexico, Car Manufacturers dwarf Detroit in Mexico with a cheap non-union workforce, overall salaries are down in nearly every sector, we are at war, causing many families to go bankrupt because the head of household cannot produce the income in the military like he/she could in civilian employment, only 88,000 new jobs in this country as of last month, pensions are no longer safe and the average stay in a job is 3 years. Housing is in a free fall, lending has stiffened borrowing because of the sub-prime lending issue, which would have never occurred if the industry was regulated properly. And last but not least Unions are in decline. So your question is a noteworthy question but the aforementioned are the factors that impact American life. And as of today the President's approval rating is at 28% which underscores that he no longer has the political capital to straighten this mess out. Therefore Bush's economic and tax policies are way wrong.

Answer 3

It's easy for the treasury to do that when they are pulling it from our bleeding working hands. Plus look at all the money being spent on War in Iraq. That means those contractors are getting uber money out of our pockets, so it's easy to fudge those numbers.
This is one case where it is not about the big picture, it's about the dirty details that many choose to ignore.

Answer 4

Because they are just slightly less destructive (supposedly) than the slightly greater collectivism Democrats want.

I don't thank someone for stealing slightly less of my money than some other thief was proposing to steal. I tell him to stop stealing at all.

Answer 5

Oh I see. So that's why they keep trying to get rid of the capital gains tax. Now I understand.