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	<title>Comments on: Michigan Shows That Supply-Side Econ Also Works When You Raise Taxes&#8230;.</title>
	<atom:link href="http://www.bizzyblog.com/2008/05/28/michigan-shows-that-supply-side-econ-also-works-when-you-raise-taxes/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.bizzyblog.com/2008/05/28/michigan-shows-that-supply-side-econ-also-works-when-you-raise-taxes/</link>
	<description>The Business End of the Blogosphere</description>
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		<title>By: TBlumer</title>
		<link>http://www.bizzyblog.com/2008/05/28/michigan-shows-that-supply-side-econ-also-works-when-you-raise-taxes/comment-page-1/#comment-122636</link>
		<dc:creator>TBlumer</dc:creator>
		<pubDate>Fri, 30 May 2008 13:28:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.bizzyblog.com/2008/05/28/michigan-shows-that-supply-side-econ-also-works-when-you-raise-taxes/#comment-122636</guid>
		<description>#5, if there&#039;s any good to come from your pain, that would be it. It should never have come to this point, though.</description>
		<content:encoded><![CDATA[<p>#5, if there&#8217;s any good to come from your pain, that would be it. It should never have come to this point, though.</p>
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		<title>By: Ben Dover and Phil McCracken Michigan</title>
		<link>http://www.bizzyblog.com/2008/05/28/michigan-shows-that-supply-side-econ-also-works-when-you-raise-taxes/comment-page-1/#comment-122635</link>
		<dc:creator>Ben Dover and Phil McCracken Michigan</dc:creator>
		<pubDate>Fri, 30 May 2008 12:56:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.bizzyblog.com/2008/05/28/michigan-shows-that-supply-side-econ-also-works-when-you-raise-taxes/#comment-122635</guid>
		<description>I am one of the unfortunate souls under the wheels of Great Society Leader Comrade Granholm and Great Ghetto Grandmaster Kwamikaze Kill-patrick. Michigan is a complete trainwreck and people are the most hopeless I have ever seen in almost 50 years of living here. High taxes got higher, wages are lower (unless you are a parasite on the public trough-government employees are ALL getting raises, gold-plated benefits, early retirements, double-dipping after retirement &quot;rehirement&quot; and collecting TWO paychecks,) extorting millage, bond, levy increases through stealth &quot;elections&quot;, etc. while folks in the private sector are laid off, outsourced, downsized, and can&#039;t pay bills or feed their families with increased cost of gasoline, utilities, insurance, etc. while abandoning homes. Let these buffoons be a national shame and an example of what is coming YOUR way when you vote for Statism.</description>
		<content:encoded><![CDATA[<p>I am one of the unfortunate souls under the wheels of Great Society Leader Comrade Granholm and Great Ghetto Grandmaster Kwamikaze Kill-patrick. Michigan is a complete trainwreck and people are the most hopeless I have ever seen in almost 50 years of living here. High taxes got higher, wages are lower (unless you are a parasite on the public trough-government employees are ALL getting raises, gold-plated benefits, early retirements, double-dipping after retirement &#8220;rehirement&#8221; and collecting TWO paychecks,) extorting millage, bond, levy increases through stealth &#8220;elections&#8221;, etc. while folks in the private sector are laid off, outsourced, downsized, and can&#8217;t pay bills or feed their families with increased cost of gasoline, utilities, insurance, etc. while abandoning homes. Let these buffoons be a national shame and an example of what is coming YOUR way when you vote for Statism.</p>
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		<title>By: TBlumer</title>
		<link>http://www.bizzyblog.com/2008/05/28/michigan-shows-that-supply-side-econ-also-works-when-you-raise-taxes/comment-page-1/#comment-122617</link>
		<dc:creator>TBlumer</dc:creator>
		<pubDate>Wed, 28 May 2008 21:45:54 +0000</pubDate>
		<guid isPermaLink="false">http://www.bizzyblog.com/2008/05/28/michigan-shows-that-supply-side-econ-also-works-when-you-raise-taxes/#comment-122617</guid>
		<description>#3, see my answer at Nix&#039;s place.</description>
		<content:encoded><![CDATA[<p>#3, see my answer at Nix&#8217;s place.</p>
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		<title>By: Ben Keeler</title>
		<link>http://www.bizzyblog.com/2008/05/28/michigan-shows-that-supply-side-econ-also-works-when-you-raise-taxes/comment-page-1/#comment-122615</link>
		<dc:creator>Ben Keeler</dc:creator>
		<pubDate>Wed, 28 May 2008 20:43:32 +0000</pubDate>
		<guid isPermaLink="false">http://www.bizzyblog.com/2008/05/28/michigan-shows-that-supply-side-econ-also-works-when-you-raise-taxes/#comment-122615</guid>
		<description>Michigan has been run straight into the ground by Democrats.  why do they keep electing them?</description>
		<content:encoded><![CDATA[<p>Michigan has been run straight into the ground by Democrats.  why do they keep electing them?</p>
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		<title>By: TBlumer</title>
		<link>http://www.bizzyblog.com/2008/05/28/michigan-shows-that-supply-side-econ-also-works-when-you-raise-taxes/comment-page-1/#comment-122613</link>
		<dc:creator>TBlumer</dc:creator>
		<pubDate>Wed, 28 May 2008 20:09:01 +0000</pubDate>
		<guid isPermaLink="false">http://www.bizzyblog.com/2008/05/28/michigan-shows-that-supply-side-econ-also-works-when-you-raise-taxes/#comment-122613</guid>
		<description>#1, I agree with the first para, and disagree with the premise of the second.

Welfare reform has taken about 3 million families and 8.5 million recipients off of that particular dole. Very conservatively that&#039;s about 30 billion (at 10K per family) in benefits not being paid out. The vast majority of the 3 million are working, and generating probably $75 billion a year towards GDP (at $25K per person, including fully-loaded taxes, benefits, and employer profit). That&#039;s a $100 billion swing. Since a lot of that happened in 1997-2000, I would suggest that it was an important contributor, along with cap gains reduction, to the prosperity of those years (until fall 2000).

While it&#039;s true that Food Stamp rolls have gone up and there are other goodies being disseminated, I don&#039;t believe, except for basket case CA, that they have done anywhere near enough harm to offset the positives of welfare reform.

You are probably correct that the number of people receiving handouts is greater (i.e., Food Stamps, section 8, etc.), but I believe that the total amounts involved, esp the amounts per person, are lower (again, except in CA). You also have to remember that AFDC recipients were mostly doubling up and getting Food Stamps too.

Where you may get me with a comeback argument is Medicaid, which I consider a huge problem, but, perhaps artificially, separate from the govt&#039;s provision of food, everyday living expenses, and shelter. But again the 12 million AFDC recipients, IIRC, had first-dollar medical coverage of everything.</description>
		<content:encoded><![CDATA[<p>#1, I agree with the first para, and disagree with the premise of the second.</p>
<p>Welfare reform has taken about 3 million families and 8.5 million recipients off of that particular dole. Very conservatively that&#8217;s about 30 billion (at 10K per family) in benefits not being paid out. The vast majority of the 3 million are working, and generating probably $75 billion a year towards GDP (at $25K per person, including fully-loaded taxes, benefits, and employer profit). That&#8217;s a $100 billion swing. Since a lot of that happened in 1997-2000, I would suggest that it was an important contributor, along with cap gains reduction, to the prosperity of those years (until fall 2000).</p>
<p>While it&#8217;s true that Food Stamp rolls have gone up and there are other goodies being disseminated, I don&#8217;t believe, except for basket case CA, that they have done anywhere near enough harm to offset the positives of welfare reform.</p>
<p>You are probably correct that the number of people receiving handouts is greater (i.e., Food Stamps, section 8, etc.), but I believe that the total amounts involved, esp the amounts per person, are lower (again, except in CA). You also have to remember that AFDC recipients were mostly doubling up and getting Food Stamps too.</p>
<p>Where you may get me with a comeback argument is Medicaid, which I consider a huge problem, but, perhaps artificially, separate from the govt&#8217;s provision of food, everyday living expenses, and shelter. But again the 12 million AFDC recipients, IIRC, had first-dollar medical coverage of everything.</p>
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		<title>By: dscott</title>
		<link>http://www.bizzyblog.com/2008/05/28/michigan-shows-that-supply-side-econ-also-works-when-you-raise-taxes/comment-page-1/#comment-122612</link>
		<dc:creator>dscott</dc:creator>
		<pubDate>Wed, 28 May 2008 18:54:53 +0000</pubDate>
		<guid isPermaLink="false">http://www.bizzyblog.com/2008/05/28/michigan-shows-that-supply-side-econ-also-works-when-you-raise-taxes/#comment-122612</guid>
		<description>This is especially true when you consider what the tax increase was meant to be spent upon.  In the real world of business when you make an &quot;investment&quot; you do so in order to reap a profit or monetary gain.  When you read the WSJ article, the Dems used the euphism of &quot;investment&quot; to mean spending more on social programs that supposedly at some ill defined point in the future will reap a monetary reward or at least spending LESS on services.  As long as we allow Dems to fraudulently misuse business terms such as &quot;investment&quot; to bamboozle the public, they will find some way in which to fund their vote buying scams.  In the history of &quot;investments&quot;, as they have defined social spending, has any Dem inspired program actually shown a monetary pay off or reduction in government spending??????

Even welfare reform I submit was a ruse to deceive the public as to the numbers of people dependent on government hand outs.  Have the actual numbers of people receiving a hand out decreased????  NO!!!! they just parceled them out to a wide variety of other government programs to the tune of some $500 billion a year.  Welfare reform was a FRAUD perpetrated upon the American Taxpayer initiated by BJ Clinton, the chief of the flim-flam artists!!!  Ask yourselves the question, why are we increasing spending by Billions of dollars more every year on social programs when supposedly the numbers of people receiving TANF are shrinking every year??????  We have been lied to by the Dems for vote buying scams and the cowardly liberal Repubs like McCain who haven&#039;t the guts to stop the Dems in their tracks least they be accused of being heartless Repubs.</description>
		<content:encoded><![CDATA[<p>This is especially true when you consider what the tax increase was meant to be spent upon.  In the real world of business when you make an &#8220;investment&#8221; you do so in order to reap a profit or monetary gain.  When you read the WSJ article, the Dems used the euphism of &#8220;investment&#8221; to mean spending more on social programs that supposedly at some ill defined point in the future will reap a monetary reward or at least spending LESS on services.  As long as we allow Dems to fraudulently misuse business terms such as &#8220;investment&#8221; to bamboozle the public, they will find some way in which to fund their vote buying scams.  In the history of &#8220;investments&#8221;, as they have defined social spending, has any Dem inspired program actually shown a monetary pay off or reduction in government spending??????</p>
<p>Even welfare reform I submit was a ruse to deceive the public as to the numbers of people dependent on government hand outs.  Have the actual numbers of people receiving a hand out decreased????  NO!!!! they just parceled them out to a wide variety of other government programs to the tune of some $500 billion a year.  Welfare reform was a FRAUD perpetrated upon the American Taxpayer initiated by BJ Clinton, the chief of the flim-flam artists!!!  Ask yourselves the question, why are we increasing spending by Billions of dollars more every year on social programs when supposedly the numbers of people receiving TANF are shrinking every year??????  We have been lied to by the Dems for vote buying scams and the cowardly liberal Repubs like McCain who haven&#8217;t the guts to stop the Dems in their tracks least they be accused of being heartless Repubs.</p>
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