Obama's Legacy: richest got richer and poorest got poorer faster than under Bush/Republicans

[rightwinger]

In the late 1950's, the wealthy had a 90% marginal tax rate.

The world did not end.

Would you stop repeating this crap? It gets debunked over and over and you still dont learn.
The tax regime in the 1950s was nothing like today. There were all kinds of opportunities to escape taxation and people did.
Reagan closed most of those loopholes and lowered rates across the board. Do you understand that? Do you also understand that JFK, that notorious right wing Republican, insisted on lowering taxes to stimulate the economy and it worked? Got it now?

Yet the effective tax rate was significantly higher than today

 

[The Rabbi]

In the late 1950's, the wealthy had a 90% marginal tax rate.

The world did not end.

We actually built the interstate highway system and began the space program
Not much we can brag about accomplishing since Reagan

Hmm, defeated Communism, established democracies in Eastern Europe, helped lift billions out of poverty in China. And that's just since Reagan.
Under Obama our accomplishments are:
Highest level of gov't dependence
Highest national debt
First lowering of credit rating
Lost Iraq War
Lost Afghan War
Retreated from Russians
Pissed off allies
Lost negotiations with Iran
Yup. Obama: Worst president in history.

 

[danielpalos]

Something to be proud of, however, now they have someone to target for the upcoming election, those that earn and pay taxes!

why not adjust the capital gains tax whenever there is any unemployment above three percent?

 

[The Rabbi]

In the late 1950's, the wealthy had a 90% marginal tax rate.

The world did not end.

Would you stop repeating this crap? It gets debunked over and over and you still dont learn.
The tax regime in the 1950s was nothing like today. There were all kinds of opportunities to escape taxation and people did.
Reagan closed most of those loopholes and lowered rates across the board. Do you understand that? Do you also understand that JFK, that notorious right wing Republican, insisted on lowering taxes to stimulate the economy and it worked? Got it now?

Yet the effective tax rate was significantly higher than today

And that uber Republican JFK insisted it was too high and hurting the economy.

 

[The Rabbi]

Something to be proud of, however, now they have someone to target for the upcoming election, those that earn and pay taxes!

why not adjust the capital gains tax whenever there is any unemployment above three percent?

Why not consult stochastics whenever the combined ratio exceeds pi?

 

[rightwinger]

Something to be proud of, however, now they have someone to target for the upcoming election, those that earn and pay taxes!

why not adjust the capital gains tax whenever there is any unemployment above three percent?

I like it.....

We can also give tax breaks to actual job creators and make those who cut jobs or send jobs overseas pay for it

 

[rightwinger]

In the late 1950's, the wealthy had a 90% marginal tax rate.

The world did not end.

Would you stop repeating this crap? It gets debunked over and over and you still dont learn.
The tax regime in the 1950s was nothing like today. There were all kinds of opportunities to escape taxation and people did.
Reagan closed most of those loopholes and lowered rates across the board. Do you understand that? Do you also understand that JFK, that notorious right wing Republican, insisted on lowering taxes to stimulate the economy and it worked? Got it now?

Yet the effective tax rate was significantly higher than today

And that uber Republican JFK insisted it was too high and hurting the economy.

JFK cut rates from 90% to 70%

I'm willing to accept those rates, are you?

 

[Ray From Cleveland]

No question we have to do something about the rich getting richer like the OP complains about

Should we take their money and give it to poor people?
No, that never works nod the rich just figure a way to steal it back

What we need to do is end policies that continue to funnel money to those who obviously don't need it
Return to 50% rate for income over a million
Tax capital gains the same as earned income
Slash deductions
Tax stock transactions

Brilliant. And who gets all this new found money? The government. The poor people will see none of it except perhaps in our never ending welfare state expansion.

Good question...leads to part two of what we need to do

Do we just take the extra revenue and hand it out in poor neighborhoods? Of course not, the money would just be wasted

So, what do we do rightwinger?

We use the extra revenue to invest in infrastructure creating new job opportunities. We invest in advanced education including college and trade schools. We provide more money into healthcare for those who complain their Obamacare costs so much.

Okay, so we take even more from the wealthy in taxation causing them to withdraw from the stock market and perhaps make investments overseas. Some may even move out of the country and take their business with them.

With over 18 trillion in debt, we are now going to invest in infrastructure which are temporary jobs, and free college as if we had the money.

Some will graduate and many won't. but they won't care because they have no dog in the race. It's Obama money that doesn't have to be paid back. With the economy sinking the people that do graduate will have no jobs to go to similar to what we are seeing today.

Sorry, I just don't see that as any solution.

Oh yes....the old Atlas Shrugged threats that if we are not nice to our wealthy their feelings will be hurt and they will leave us

Today's wealthy benefit from the lowest tax rates, capital gains and cheapest labor rates in generations

Meanwhile, our middle class suffers with lower pay, less benefits and almost no job stability.......just the conditions our wealthy thrive on

Well, then the solution is to become wealthy I guess.

In my line of work there are not only plenty of jobs, but plenty of stability as well. But when you have your Obama phone, your HUD house in the suburbs, free food and medical care, what's the point of working?

Right now we have record number of people renouncing their American citizenship to move or stay overseas thanks to taxation. It's a theory known as Action/ Reaction that liberals hate. When you take an action, nine times out of ten it's going to cause a reaction.

You raise taxes on the wealthy, yes, there will be a negative reaction.

 

[rightwinger]

No question we have to do something about the rich getting richer like the OP complains about

Should we take their money and give it to poor people?
No, that never works nod the rich just figure a way to steal it back

What we need to do is end policies that continue to funnel money to those who obviously don't need it
Return to 50% rate for income over a million
Tax capital gains the same as earned income
Slash deductions
Tax stock transactions

Brilliant. And who gets all this new found money? The government. The poor people will see none of it except perhaps in our never ending welfare state expansion.

Good question...leads to part two of what we need to do

Do we just take the extra revenue and hand it out in poor neighborhoods? Of course not, the money would just be wasted

So, what do we do rightwinger?

We use the extra revenue to invest in infrastructure creating new job opportunities. We invest in advanced education including college and trade schools. We provide more money into healthcare for those who complain their Obamacare costs so much.

Okay, so we take even more from the wealthy in taxation causing them to withdraw from the stock market and perhaps make investments overseas. Some may even move out of the country and take their business with them.

With over 18 trillion in debt, we are now going to invest in infrastructure which are temporary jobs, and free college as if we had the money.

Some will graduate and many won't. but they won't care because they have no dog in the race. It's Obama money that doesn't have to be paid back. With the economy sinking the people that do graduate will have no jobs to go to similar to what we are seeing today.

Sorry, I just don't see that as any solution.

Oh yes....the old Atlas Shrugged threats that if we are not nice to our wealthy their feelings will be hurt and they will leave us

Today's wealthy benefit from the lowest tax rates, capital gains and cheapest labor rates in generations

Meanwhile, our middle class suffers with lower pay, less benefits and almost no job stability.......just the conditions our wealthy thrive on

Well, then the solution is to become wealthy I guess.

In my line of work there are not only plenty of jobs, but plenty of stability as well. But when you have your Obama phone, your HUD house in the suburbs, free food and medical care, what's the point of working?

Right now we have record number of people renouncing their American citizenship to move or stay overseas thanks to taxation. It's a theory known as Action/ Reaction that liberals hate. When you take an action, nine times out of ten it's going to cause a reaction.

You raise taxes on the wealthy, yes, there will be a negative reaction.

More fear mongering on behalf of the wealthy

Make you a deal

Let's start raising the tax rate and see how many leave. When 50% of our wealthy have left, we can stop raising the rate

 

[Meathead]

Make you a deal

Let's start raising the tax rate and see how many leave. When 50% of our wealthy have left, we can stop raising the rate

By that time it'll be too late.

 

[The Rabbi]

In the late 1950's, the wealthy had a 90% marginal tax rate.

The world did not end.

Would you stop repeating this crap? It gets debunked over and over and you still dont learn.
The tax regime in the 1950s was nothing like today. There were all kinds of opportunities to escape taxation and people did.
Reagan closed most of those loopholes and lowered rates across the board. Do you understand that? Do you also understand that JFK, that notorious right wing Republican, insisted on lowering taxes to stimulate the economy and it worked? Got it now?

Yet the effective tax rate was significantly higher than today

And that uber Republican JFK insisted it was too high and hurting the economy.

JFK cut rates from 90% to 70%

I'm willing to accept those rates, are you?

That's because you dont make any money.
Again the whole tax regime was different. I'd take Reagan's tax regime. You know, the one that ushered in all that prosperity Clinton gets credit for?

 

[Ray From Cleveland]

Brilliant. And who gets all this new found money? The government. The poor people will see none of it except perhaps in our never ending welfare state expansion.

Good question...leads to part two of what we need to do

Do we just take the extra revenue and hand it out in poor neighborhoods? Of course not, the money would just be wasted

So, what do we do rightwinger?

We use the extra revenue to invest in infrastructure creating new job opportunities. We invest in advanced education including college and trade schools. We provide more money into healthcare for those who complain their Obamacare costs so much.

Okay, so we take even more from the wealthy in taxation causing them to withdraw from the stock market and perhaps make investments overseas. Some may even move out of the country and take their business with them.

With over 18 trillion in debt, we are now going to invest in infrastructure which are temporary jobs, and free college as if we had the money.

Some will graduate and many won't. but they won't care because they have no dog in the race. It's Obama money that doesn't have to be paid back. With the economy sinking the people that do graduate will have no jobs to go to similar to what we are seeing today.

Sorry, I just don't see that as any solution.

Oh yes....the old Atlas Shrugged threats that if we are not nice to our wealthy their feelings will be hurt and they will leave us

Today's wealthy benefit from the lowest tax rates, capital gains and cheapest labor rates in generations

Meanwhile, our middle class suffers with lower pay, less benefits and almost no job stability.......just the conditions our wealthy thrive on

Well, then the solution is to become wealthy I guess.

In my line of work there are not only plenty of jobs, but plenty of stability as well. But when you have your Obama phone, your HUD house in the suburbs, free food and medical care, what's the point of working?

Right now we have record number of people renouncing their American citizenship to move or stay overseas thanks to taxation. It's a theory known as Action/ Reaction that liberals hate. When you take an action, nine times out of ten it's going to cause a reaction.

You raise taxes on the wealthy, yes, there will be a negative reaction.

More fear mongering on behalf of the wealthy

Make you a deal

Let's start raising the tax rate and see how many leave. When 50% of our wealthy have left, we can stop raising the rate

Let me explain something to you:

If we were able to take all the poor people in our country to an island somewhere, they would never be missed. In fact, financially and socially, our country would benefit greatly.

If we were able to take all the wealthy people in our country and move them to an island somewhere, the entire country would collapse.

Whether you are talking about the top 1%, 10%, 20% or more, those are the people that are supporting our federal government through taxation. And in fact, states and cities rely on them as well.

Tax them until 50% leave. Well, many of them already left and took their jobs with them. How did that work out for us? In fact, when it comes to multinational companies, there are trillions of dollars overseas that America will never see because of taxation.

 

[The Rabbi]

Good question...leads to part two of what we need to do

Do we just take the extra revenue and hand it out in poor neighborhoods? Of course not, the money would just be wasted

So, what do we do rightwinger?

We use the extra revenue to invest in infrastructure creating new job opportunities. We invest in advanced education including college and trade schools. We provide more money into healthcare for those who complain their Obamacare costs so much.

Okay, so we take even more from the wealthy in taxation causing them to withdraw from the stock market and perhaps make investments overseas. Some may even move out of the country and take their business with them.

With over 18 trillion in debt, we are now going to invest in infrastructure which are temporary jobs, and free college as if we had the money.

Some will graduate and many won't. but they won't care because they have no dog in the race. It's Obama money that doesn't have to be paid back. With the economy sinking the people that do graduate will have no jobs to go to similar to what we are seeing today.

Sorry, I just don't see that as any solution.

Oh yes....the old Atlas Shrugged threats that if we are not nice to our wealthy their feelings will be hurt and they will leave us

Today's wealthy benefit from the lowest tax rates, capital gains and cheapest labor rates in generations

Meanwhile, our middle class suffers with lower pay, less benefits and almost no job stability.......just the conditions our wealthy thrive on

Well, then the solution is to become wealthy I guess.

In my line of work there are not only plenty of jobs, but plenty of stability as well. But when you have your Obama phone, your HUD house in the suburbs, free food and medical care, what's the point of working?

Right now we have record number of people renouncing their American citizenship to move or stay overseas thanks to taxation. It's a theory known as Action/ Reaction that liberals hate. When you take an action, nine times out of ten it's going to cause a reaction.

You raise taxes on the wealthy, yes, there will be a negative reaction.

More fear mongering on behalf of the wealthy

Make you a deal

Let's start raising the tax rate and see how many leave. When 50% of our wealthy have left, we can stop raising the rate

Let me explain something to you:

If we were able to take all the poor people in our country to an island somewhere, they would never be missed. In fact, financially and socially, our country would benefit greatly.

If we were able to take all the wealthy people in our country and move them to an island somewhere, the entire country would collapse.

Whether you are talking about the top 1%, 10%, 20% or more, those are the people that are supporting our federal government through taxation. And in fact, states and cities rely on them as well.

Tax them until 50% leave. Well, many of them already left and took their jobs with them. How did that work out for us? In fact, when it comes to multinational companies, there are trillions of dollars overseas that America will never see because of taxation.

Nutjobber doesnt give a shit about either the poor or this country. He is motivated only by hatred and envy of those who have actually done well. If it punishes them he's for it. He's the kind of guy who would increase blood flow to the arm by tightening a torniquet around the neck.

 

[Indeependent]

Good question...leads to part two of what we need to do

Do we just take the extra revenue and hand it out in poor neighborhoods? Of course not, the money would just be wasted

So, what do we do rightwinger?

We use the extra revenue to invest in infrastructure creating new job opportunities. We invest in advanced education including college and trade schools. We provide more money into healthcare for those who complain their Obamacare costs so much.

Okay, so we take even more from the wealthy in taxation causing them to withdraw from the stock market and perhaps make investments overseas. Some may even move out of the country and take their business with them.

With over 18 trillion in debt, we are now going to invest in infrastructure which are temporary jobs, and free college as if we had the money.

Some will graduate and many won't. but they won't care because they have no dog in the race. It's Obama money that doesn't have to be paid back. With the economy sinking the people that do graduate will have no jobs to go to similar to what we are seeing today.

Sorry, I just don't see that as any solution.

Oh yes....the old Atlas Shrugged threats that if we are not nice to our wealthy their feelings will be hurt and they will leave us

Today's wealthy benefit from the lowest tax rates, capital gains and cheapest labor rates in generations

Meanwhile, our middle class suffers with lower pay, less benefits and almost no job stability.......just the conditions our wealthy thrive on

Well, then the solution is to become wealthy I guess.

In my line of work there are not only plenty of jobs, but plenty of stability as well. But when you have your Obama phone, your HUD house in the suburbs, free food and medical care, what's the point of working?

Right now we have record number of people renouncing their American citizenship to move or stay overseas thanks to taxation. It's a theory known as Action/ Reaction that liberals hate. When you take an action, nine times out of ten it's going to cause a reaction.

You raise taxes on the wealthy, yes, there will be a negative reaction.

More fear mongering on behalf of the wealthy

Make you a deal

Let's start raising the tax rate and see how many leave. When 50% of our wealthy have left, we can stop raising the rate

Let me explain something to you:

If we were able to take all the poor people in our country to an island somewhere, they would never be missed. In fact, financially and socially, our country would benefit greatly.

If we were able to take all the wealthy people in our country and move them to an island somewhere, the entire country would collapse.

Whether you are talking about the top 1%, 10%, 20% or more, those are the people that are supporting our federal government through taxation. And in fact, states and cities rely on them as well.

Tax them until 50% leave. Well, many of them already left and took their jobs with them. How did that work out for us? In fact, when it comes to multinational companies, there are trillions of dollars overseas that America will never see because of taxation.

So where would these rich people get their low wage workers?

 

[rightwinger]

Make you a deal

Let's start raising the tax rate and see how many leave. When 50% of our wealthy have left, we can stop raising the rate

By that time it'll be too late.

I think it will make an interesting social experiment

Let's start raising taxes on the wealthy and see how fast they leave......My money says it will not be near what the Atlas Shrugged crowd predicts

In fact, they are too fat and happy to leave

 

[Indeependent]

Make you a deal

Let's start raising the tax rate and see how many leave. When 50% of our wealthy have left, we can stop raising the rate

By that time it'll be too late.

I think it will make an interesting social experiment

Let's start raising taxes on the wealthy and see how fast they leave......My money says it will not be near what the Atlas Shrugged crowd predicts

In fact, they are too fat and happy to leave

They might have to sell one of their 20 homes.

 

[The Rabbi]

Make you a deal

Let's start raising the tax rate and see how many leave. When 50% of our wealthy have left, we can stop raising the rate

By that time it'll be too late.

I think it will make an interesting social experiment

Let's start raising taxes on the wealthy and see how fast they leave......My money says it will not be near what the Atlas Shrugged crowd predicts

In fact, they are too fat and happy to leave

Americans have been turning in their citizenship at unprecedented rates already.
They wont necessarily leve. But they will quit being high earners. Something you dont get.

 

[rightwinger]

Good question...leads to part two of what we need to do

Do we just take the extra revenue and hand it out in poor neighborhoods? Of course not, the money would just be wasted

So, what do we do rightwinger?

We use the extra revenue to invest in infrastructure creating new job opportunities. We invest in advanced education including college and trade schools. We provide more money into healthcare for those who complain their Obamacare costs so much.

Okay, so we take even more from the wealthy in taxation causing them to withdraw from the stock market and perhaps make investments overseas. Some may even move out of the country and take their business with them.

With over 18 trillion in debt, we are now going to invest in infrastructure which are temporary jobs, and free college as if we had the money.

Some will graduate and many won't. but they won't care because they have no dog in the race. It's Obama money that doesn't have to be paid back. With the economy sinking the people that do graduate will have no jobs to go to similar to what we are seeing today.

Sorry, I just don't see that as any solution.

Oh yes....the old Atlas Shrugged threats that if we are not nice to our wealthy their feelings will be hurt and they will leave us

Today's wealthy benefit from the lowest tax rates, capital gains and cheapest labor rates in generations

Meanwhile, our middle class suffers with lower pay, less benefits and almost no job stability.......just the conditions our wealthy thrive on

Well, then the solution is to become wealthy I guess.

In my line of work there are not only plenty of jobs, but plenty of stability as well. But when you have your Obama phone, your HUD house in the suburbs, free food and medical care, what's the point of working?

Right now we have record number of people renouncing their American citizenship to move or stay overseas thanks to taxation. It's a theory known as Action/ Reaction that liberals hate. When you take an action, nine times out of ten it's going to cause a reaction.

You raise taxes on the wealthy, yes, there will be a negative reaction.

More fear mongering on behalf of the wealthy

Make you a deal

Let's start raising the tax rate and see how many leave. When 50% of our wealthy have left, we can stop raising the rate

Let me explain something to you:

If we were able to take all the poor people in our country to an island somewhere, they would never be missed. In fact, financially and socially, our country would benefit greatly.

If we were able to take all the wealthy people in our country and move them to an island somewhere, the entire country would collapse.

Whether you are talking about the top 1%, 10%, 20% or more, those are the people that are supporting our federal government through taxation. And in fact, states and cities rely on them as well.

Tax them until 50% leave. Well, many of them already left and took their jobs with them. How did that work out for us? In fact, when it comes to multinational companies, there are trillions of dollars overseas that America will never see because of taxation.

Let me explain something to you

It is the poor people who actually do the work in this country. It is the workers who generate wealth not the one percent

 

[Indeependent]

I guess the Pizza Shop owners and their wealthy workers will get along just fine in this Neo-Conservative Fantasy Land.

 

[mudwhistle]

Obama's Legacy: richest go richer and poorest got poorer, both at a FASTER PACE UNDER DEMOCRATS AND OBAMA, than was happening under bush.

going into obama's EIGHT AND FINAL YEAR; there are STILL bout 13 MILLION MORE on food stamps then there were under Bush. Record numbers have given up looking for work completely and are now collecting a disibility check NOT related to military service, like SSI.

libs lie to themselves

Obama was elected to fuck everything up.

The goal is to cause as much suffering as possible.....while the media tells everyone how great things are. Wages are down and prices are up. Energy costs are going to go through the roof. A massive economic catastrophy is ready to be sprung the moment interest rates start going back up.

If the GOP wins back the White House, the corrupt media will do a 180 and start screaming about how bad the economy is.....just because a Republican is in the White House.