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Asked by: megan
…how many entrepreneurs left the country?
Flying spaghetti monster loves you on Sep 19, 2011
0 Votes 0 Votes 0 Votes
Smarter thAn you on Sep 19, 2011
Only traitors would cut and run to avoid their patriotic taxes.
Dave87gn on Sep 19, 2011
none, but don’t forget.. Reagan cut taxes on the rich and Doubled payroll taxes on those making under 40k a year
a real “man of the people”
L'Hypothèse du tableau volé on Sep 19, 2011
Nobody leaves because of taxes. They leave because a country lets them.
Tea Party Hero on Sep 19, 2011
You liar, Reagan didn’t raise taxes. Obama’s the socialist wanting to tax us more than he already has.
Vladimir hehe on Sep 19, 2011
Reagan is a Hero
He mopped up Jimmy Carters Wet Dream Accident of a Presidency..
RJC on Sep 19, 2011
None but he was fair and taxed everyone.
The problem is the limp wristed dems don’t want to fix the debt or economy if “they” have to help pay.
J H on Sep 19, 2011
None and jobs were not lost.
The pleasure of flesh on Sep 19, 2011
Makes you wonder why Republicans worship him.
Lever on Sep 19, 2011
Yeah, he increased taxes tremendously when income taxes for the wealthiest went from ~70% to ~50% to 37%.
Don M on Sep 19, 2011
When President Reagan took office, the top income tax rate was 70%. When he left, it was 28%. So what on earth are you talking about? I know he signed off on certain revisions of deductions, but the fact is, he CUT taxes and the economy BOOMED!
I guess that’s why liberals try to rewrite history–the truth discredits them.
@ Kevin: There was hardly “less revenue”. When Reagan took office, total tax revenues were about $ 500 billion. When he left, that had risen to over $ 900 billion. Tax cuts stimulate the economy and INCREASE revenue.
Kevin on Sep 19, 2011
Just say that he cut the personal income so much and raised corporate taxes but there were more cutting than raising that led to less revenue.
wtinc on Sep 19, 2011
Well ill tell you. You may not have been alive when Jimmy Carter was President and the unemployment rate was about 15% the interest on a home loan was 22.5%. Ronald Regan became president, and he turned it around fighting a Democrat controlled congress all along. Here we have Obama 2 year he had a democrat controlled congress and he did not raise taxes when he could have pushed them through just like the health care bill. So why did n”t he. Ronald Regan was not perfect but he did one fine job for us the people of the United States.
Miles from Michigan on Sep 19, 2011
That honor goes to a liberal/democrat and is about to be topped by another liberal/democrat!!
Quagmire on Sep 19, 2011
And yet Republicans continue to evoke his name like he’s their god or something. If he were around today, he’d be getting called “socialist” or “Marxist” by all the extreme right-wingers who hijacked the Republican party. I’m sure there are moderate rational Republicans still around, but all the voices I hear are those of right-wing extremists these days. Neo-conservatism has damned the Republican party in my eyes.
I used to be much more moderate until the neo-cons and teabaggers showed up on the scene, and now I look at them and realize that whatever they believe in, I’ll choose either the exact opposite or the non-extremist view, depending on the particular issue.
whoyeah on Sep 19, 2011
The entrepreneurs road to out source was not paved until later by both republicans and democrats.
But Reagan’s misguided ideas are still suffered upon us today. We need to fix that.
His was a “faith-based” policy, in that it required a leap of blind faith in Reagan’s promises, that the investor class would reinvest the enormous profits Reagan was sending their way, back into the American economy. Instead, they pocketed the cash, sending much of it to offshore bank accounts, or into building new factories in “Third World” countries, instead of modernizing American production lines. In short, Reagan promised that if we basically trusted his plan his rich friends would turn the American economy around, after he basically handed them the keys to the national treasury.
Deregulation took the lid off. In effect, financial institutions were urged to adapt the same policies used by the CIA over the years to raise cash for covert operations. Risky investments were encouraged, any investments, so long as there was some form of cash flowing or other capital to be used as new collateral for new loans, to increase investment pools for new ventures. Reagan unleashed a massive pyramid scheme, to use as a weapon to economically bludgeon Russia and its allies. In the end, all of us have come to feel the hard end of the economic weapon.
His crazy ideas of hiring militants to fight our enemies for us (so that the American military and the CIA might disavow the contracts) have lived on, eventually coming back to bite us all on the ass, in today’s “war on terrorism.” The war in Afghanistan, then Iraq.
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