Obama wants to raise taxes......again.

[Siete]

RW's are too damn ignorant for me. I'm out.

 

[Siete]

Hey #7

grow up little boy ... you are a boy aren't you little girl?

buhbyyyyyyeeeeee.

 

[Rambunctious]

It really doesn't matter what Obama says...he lies. We all know he fucking lies!

One?[/QUOTE]

Just one? you only want one? You can keep your Dr period.

 

[Rambunctious]

"grow up little boy ... you are a boy aren't you little girl?"



I'm your Daddy PUNK!!!!

 

[Rambunctious]

RW's are too damn ignorant for me. I'm out.

You just can't take the fact that your whole political thought base is fracturing right before your eyes. Your hero Obama has totally destroyed your Democrat party. I told you a year ago that the GOP would run this Nation and HEY! take a look around they are. State local and DC both houses and soon we will have the White House and it will be the fault of the Asshole you voted for. BRAHAHAHAHA

 

[Votto]

What dupes don't notice is that Pubs raise taxes on THEM while pandering to the richest- who pay their bills.

When Pubs say Obama wants to raise taxes, they forget to say onthe RICH, while cutting them on the nonrich. Today, after 30 years of voodoo, everyone pays 21% in ALL taxes and fees, and 95% of new wealth goes to the 1%. SEE SIG, BRAINWASHED TWITS. See if you can spot when you got screwed:


The Demise of the American Middle Class In Numbers.

Over the past 30 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:

1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.

Over the past 63 years worker productivity has grown by 2.0% per year.

But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):

1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%

A 13% drop since 1980

2. THE TOP 10% GET A LARGER SHARE.

Share of National Income going to Top 10%:

1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%

An increase of 16% since Reagan.

3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.

The savings Rose up to Reagan and fell during and after.

1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)

A 12.3% drop after Reagan.

4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.

Household Debt as percentage of GDP:

1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%

A 45% increase after 1980.

5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.

Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:

1980 = 10%
2003 = 56%

A 5.6 times increase.

6. AND THE AMERICAN DREAM IS GONE.

The Probably of Moving Up from the Bottom 40% to the Top 40%:

1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%

A 10% Decrease.

Links:

1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = 404
1 = Clipboard01.jpg image
2 – Congratulations to Emmanuel Saez The White House
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = U.S. Bureau of Economic Analysis BEA
4 = http://www.prudentbear.com/index.php/household-sector-debt-of-gdp
4 = FRB Z.1 Release--Financial Accounts of the United States--September 18 2014
5/6 = Wealth And Inequality In America - Business Insider

Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts


CHECK ACTUAL FACTS ON TAXATION:

Misconceptions and Realities About Who Pays Taxes mdash Center on Budget and Policy Priorities


And basically shet the feck up. Ay caramba.

You boob. The Dims just created the largest tax increase on the middle class in US history via Obamacare, and he lets corporations set our tax rates.

As for the Pubes, no argument there. We have no where to turn.

Don't you see what is happening? They use rhetoric about increasing taxes on the rich to get your vote. Problem is, if they do, you never see a dime. They will just continue to spend with or without the revenue cause they don't give a damn if they have the revenue to spend. Instead, they will just print it like they do nonstop every day.

Now if the cared enough to balance budgets I could understand, but they don't.

Obviously its just all monopoly money. As Dick Cheney famously said, Reagan proved that deficits no longer matter. I call it the Dick Cheney Doctrine both parties embrace.

 

[Votto]

RW's are too damn ignorant for me. I'm out.

You just can't take the fact that your whole political thought base is fracturing right before your eyes. Your hero Obama has totally destroyed your Democrat party. I told you a year ago that the GOP would run this Nation and HEY! take a look around they are. State local and DC both houses and soon we will have the White House and it will be the fault of the Asshole you voted for. BRAHAHAHAHA

"W" destroyed the Pubes. What confounds me is that the Pubes still stand by "W" and the Dims still stand by Obozo. In my mind, however, both are one in the same.

Both had no fiscal restraint, both waged wars abroad, both ignored illegal immigration, both created massive entitlements. What can I say, America hates them both and both parties.

Now what?

 

[Votto]

What I don't get is the recent pitch to raise taxes on the rich.

Obama s tax proposals get cool reception from GOP lawmakers - Yahoo News

In the article they claim that the revenue generated will be used to give tax credits to the middle class.

So why do they need to raise revenue for tax credits when the deficit is trillions of dollars every year? Do they sit in a dark corner somewhere and say, "Ya know, our deficit this year is $2 trillion dollars. We would like to give the middle class a tax credit but it would make the deficit rise to $2.1 trillion which is completely out of the question."

Our deficit this year is about 1/4 what you claim.

The final numbers for 2014 announced yesterday by the U.S. Treasury show the federal deficit for the fiscal year that just ended did indeed fall as precipitously as I previously reported. As the reportshows, the actual 2014 deficit was $483 billion, $3 billion less than what the Congressional Budget Office estimated a week ago.

For the record, $483 billion is $197 billion below the almost $680 billion deficit recorded in 2013. It’s also $930 billion, that is, close to $1 trillion, less than the largely recession-caused $1.4 trillion deficit in 2009. (Attention trolls: the Congressional Budget Office projected in early 2009, that is, before the start of the Obama administration, that, because of the recession, the deficit that year would be $1.2 trillion.)

In dollar terms, 2014 was the lowest federal deficit since 2008. And in the category most important to economists – the deficit as a percent of Gross Domestic Product – the 2014 deficit was 2.8 percent of GDP, the smallest since 2007.

Stop And Smell The Roses Final 2014 Federal Deficit Fell...Big Time - Forbes

Where did you get the 2 trillion dollar deficit figure? Even 2009, the largest deficit in US history, was only 1.4 trillion. The deficit is the smallest since 2008. And the the smallest percentage of GDP since 2007.

I personally think that these pitches to raise taxes on the "rich" are only meant to raise support for various political leaders. This is because coveting is the human condition.

I personally think it just make sense. What is being proposed is an increase in long term capital gains taxes of about 4.2% for earners over $500,000 a year. Its a modest increase effecting a very, very narrow cross section of our country. And there's no reason capital gains should enjoy a priveledged position in our tax structure. Stock speculation doesn't actually produce anything. It provides no service. It provides no goods. It improves nothing. It invents nothing.

It simply transfers funds from one stock speculator to another. 99% of all stock transactions are by hedge funds now anyway, with only 1% for all the rest of us. So why this massive tax loophole that overwhelmingly benefits the wealthy and grows the economy in no meaningful way?

Actual labor creates things. It provides services. It builds buildings. It produces goods. It adds to the economy in a meaningful way. Yet it is increases through labor that are burdened with the higher tax rates, while the useless increases of stock speculation are given the choice lower tax rates. That makes absolutely no sense.

Obama's proposing using the modest capital gains increases to fund his community college imitative and a moderate tax cut for the middle class. The former a superb investment in our future. The latter an economic shot in the arm, providing funds for those who actually do shit. Who actually build things, grow businesses, provide services and make goods. Meaning that we'll see even more actual growth in our economy.

Where did I get the numbers for the deficit? It has to do with unfunded liabilities which total now over $100 trillion. It's kinda like the unemployment numbers, they fail to count those who simply give up looking for work. We are lied to so often for so long about virtually everything but people still believe these guys. LOL.

As for the stock bit, who takes the risk of putting their money in stocks? It seems to me that if they are willing to take the risk, they need not have the money confiscated.

Do you think that the economy would do well without investors? I'm thinking not so much. Why then are we causing people to not want to invest in America?

Here is a list of the 10 cannots by William Boetcker.

• You cannot bring about prosperity by discouraging thrift.

• You cannot strengthen the weak by weakening the strong.

• You cannot help little men by tearing down big men.

• You cannot lift the wage earner by pulling down the wage payer.

• You cannot help the poor by destroying the rich.

• You cannot establish sound security on borrowed money.

• You cannot further the brotherhood of man by inciting class hatred.

• You cannot keep out of trouble by spending more than you earn.

• You cannot build character and courage by destroying men's initiative and independence.

• And you cannot help men permanently by doing for them what they can and should do for themselves

 

[Skylar]

Where did I get the numbers for the deficit? It has to do with unfunded liabilities which total now over $100 trillion. It's kinda like the unemployment numbers, they fail to count those who simply give up looking for work. We are lied to so often for so long about virtually everything but people still believe these guys. LOL.

Um....none of that is the deficit.

So where did you get your 2 trillion a year deficit number?