Republicans: why raising taxes on the wealthy is good for the economy

[CrusaderFrank]

Some people aren't jealous of those who have more than them

So you defend those that MILLIONS a year at least because those that don't make enough without getting FS,TANF,Medicaid are jealous? Wow....special kind of stupid aren't we. How about standing up and defending the right of ALL people having the right to a livable wage? Don't ya just love how all the Walton heirs only make their millions because of their granddaddy or uncle or etc was? They didn't do shit to earn it...Man republicans are a special kind of dumb...you let me know the next time some rich piece of shit does something for you.

Hey I don't give a shit what some other guy makes.

It has absolutely nothing to do with what I make.

If you worried about your own finances as you do the rich you might find that you will be richer yourself

And I have yet to see the right to a "livable wage" whatever that is in the constitution.

You and you alone are responsible for what you earn

The constitution is a joke and needs severely rewritten. It is a problem when my labor is taken for granted and I am not compensated fairly. Its why unions need to be involved in EVERY aspect of labor/jobs. If my wife had a union she wouldn't be making 9.50$ an hour while her piece of shit supervisors make more than that AND get every weekend off while my wife has to work every weekend and hasn't had a raise in the damn near year she has been at this shithole job. She works overtime,doubles,goes in on days off,never calls in etc. No raises,no praise not a damn thing but stolen labor.Same goes for EVERY worker.

You system comes with a 100% Guaranteed Fail promise

Good luck with that

Yet it works wonders for the rich pieces of shit robbing labor from the common man.

Da! Da! The Kulaks are keeping the Proletariat from truly prospering!!

 

[CrusaderFrank]

Some people aren't jealous of those who have more than them

So you defend those that MILLIONS a year at least because those that don't make enough without getting FS,TANF,Medicaid are jealous? Wow....special kind of stupid aren't we. How about standing up and defending the right of ALL people having the right to a livable wage? Don't ya just love how all the Walton heirs only make their millions because of their granddaddy or uncle or etc was? They didn't do shit to earn it...Man republicans are a special kind of dumb...you let me know the next time some rich piece of shit does something for you.

Hey I don't give a shit what some other guy makes.

It has absolutely nothing to do with what I make.

If you worried about your own finances as you do the rich you might find that you will be richer yourself

And I have yet to see the right to a "livable wage" whatever that is in the constitution.

You and you alone are responsible for what you earn

The constitution is a joke and needs severely rewritten. It is a problem when my labor is taken for granted and I am not compensated fairly. Its why unions need to be involved in EVERY aspect of labor/jobs. If my wife had a union she wouldn't be making 9.50$ an hour while her piece of shit supervisors make more than that AND get every weekend off while my wife has to work every weekend and hasn't had a raise in the damn near year she has been at this shithole job. She works overtime,doubles,goes in on days off,never calls in etc. No raises,no praise not a damn thing but stolen labor.Same goes for EVERY worker.

You system comes with a 100% Guaranteed Fail promise

Good luck with that

Yet it works wonders for the rich pieces of shit robbing labor from the common man.

you sound like JoeB

 

[hipeter924]

When its not good for the economy, it is a good for a laugh. Just to see the reactions of the uber rich, who might have to move their money offshore faster or have to sack a butler in their 100 million mansion.

 

[bripat9643]

Like this article explains, high taxes on the wealthy and corporations makes for a strong economy overall because the middle class is improved. The middle class, not the wealthy, is what keeps this economy strong and it is currently shrinking primarily because of republicans.

Like this article explains, high taxes on the wealthy and corporations makes for a strong economy overall because the middle class is improved.

I don't see how taxing corporations and the rich more improves the middle class.
Maybe you can explain it to me?

Infrastructure is expensive. It requires a lot of revenue to fix. Our infrastructure is in dire shape because of huge tax cuts. If we pay for the work, this will employ thousands of middle class jobs.

Education is another. If we increase funding for public schools in several different dimensions, students will do better. Better grades means more job/college opportunities. Education also mean more job training programs. A big problem we have with jobs right now is that too many people are underqualified for vacant job positions.

However, what would really jump start our economy is higher wages. Higher wages for the poor and middle class means more consumer spending which accounts for 70% of our economy.

Our infrastructure is in dire shape because of huge tax cuts.

Our infrastructure is in dire shape because we pay people to sit on their asses, instead of paying them to fix our infrastructure.

Education is another. If we increase funding for public schools in several different dimensions, students will do better.

Bullshit. We keep spending more and more and results stay the same or get worse.
If we actually taught math, science, reading and writing, instead of making the kids feel good about their failure, students would do better.
If we taught real classes instead of made up "pride" bullshit, results would improve.
If we stopped importing illegals and spending billions trying to teach them English, we'd have more to spend on American students.

However, what would really jump start our economy is higher wages.

Raising taxes on corporations will not give workers higher wages.

"Make kids feel good about their future"?

What does mean exactly and why is it a bad thing? We still teach those subjects. Our schools are very underfunded. Teachers are in short supply. Can you imagine how many teachers we could employ if we gave the position a substantial raise?

We already spend more per student than countries that are kicking our asses

The problem is that we pay most of that money to administrators who do not teach

The schools don't even accurately report the cost of education a child. They normally don't include things like the cost of school buildings, bussing and other costs that don't show up on a individual school's bottom line. Some school districts actually spend twice what they report as spending. Some school districts spend over $30,000/yr per child. Think about that. For that kind of money you could hire a personal tutor to come over to your house and give your child individual instruction. Most private schools charge less than a quarter of that amount.

 

[bripat9643]

If raising taxes is stealing from them then bush lowering their taxes was stealing from us.

Bush lowered your taxes too.

Big fucking deal. Now we need money and the rich are saying they can't help so Rick Snyder is talking about raising OUR taxes.

This is why I don't like talking politics with right wing jackasses. They have an answer for everything, don't understand anything they are told and they argue in circular arguments. So you'll use this argument today, use 5 more arguments after and then eventually circle back around to the "they lowered your taxes too" argument, which I have already refuted 1000 fucking times. You guys are just dumb.

Dumb because you aren't rich enough to be benefitting from their policies.

Fact is, you can't get any more from us middle class people. I don't care what the rich are paying today. They need to roll back not only the Bush tax cuts but the Reagan ones as well.

Don't worry, we will. You can argue and obstruct as much as you want but eventually we're coming for that $. lol

Now we need money

Who is we? Why do "we" need money? How much do "we" need?

I'd like to get what I lost in the stock market back when the banks fucked us. And since the value of my home went down $40K, I'd like that taken off what I fucking owe!

Bank of America fined 1.3B for bad mortgages

Bank of America fined $1.3B for bad mortgages

If you didn't cash out you have more now than you did before 2008.

So you see you didn't lose anything if you didn't panic and if you were smart you have been plowing money into the market for the last 6 years

So Obama did a good job getting us out of the mess?

No.

 

[Flash]

[


The people who signed their names on the dotted line are the only ones responsible.

If you were stupid enough to max yourself out on a mortgage it's no one's fault but your own.

It's not the bank's fault
It's not Bush's fault

It's your fault

This idea that the government should put pressure on the lending institutions to give credit for social justice reasons to people that had neither had the means or the inclination to ever pay back the money didn't work out too well, did it?

The idiots got the loans and didn't pay it back and then lost everything. Like you said it was their fault but the government didn't help by getting involved.

It is best for the government to not do stupid thing like the CRA. It causes less problems that way.

 

[bripat9643]

I'd like to get what I lost in the stock market back when the banks fucked us. And since the value of my home went down $40K, I'd like that taken off what I fucking owe!

Bank of America fined 1.3B for bad mortgages

Bank of America fined $1.3B for bad mortgages

I'd like to get what I lost in the stock market back when the banks fucked us.

I got mine back a couple of years ago.

And since the value of my home went down $40K, I'd like that taken off what I fucking owe!

That's a great idea! I'm sure some of the deadbeat borrowers who defaulted on their loans can scrape that together for you. Let me know how it goes.

They lost their homes and the banks made a fortune. Fuck you douche bag

And why did they lose their homes?

Could it be because they bought homes they could barely afford on an ARM ?

Could it be they remortgaged their homes multiple times as the values were artificially inflated so as to buy more crap they couldn't afford??

We argued this in 2008. Stop defending the criminal mortgage and bankers and GOP. Next you'll bring up Freddy and fanny.

What was criminal about what they did? Who went to jail? Where are the charges?
More tlaking points debunked last Ice Age.

Liberals believe losing money is a crime. They also believe making money is a crime.

 

[Toddsterpatriot]

I have always wondered how one who is not a 1%er becomes a defender and apologist for the 1%.

Some people aren't jealous of those who have more than them

So you defend those that MILLIONS a year at least because those that don't make enough without getting FS,TANF,Medicaid are jealous? Wow....special kind of stupid aren't we. How about standing up and defending the right of ALL people having the right to a livable wage? Don't ya just love how all the Walton heirs only make their millions because of their granddaddy or uncle or etc was? They didn't do shit to earn it...Man republicans are a special kind of dumb...you let me know the next time some rich piece of shit does something for you.

Hey I don't give a shit what some other guy makes.

It has absolutely nothing to do with what I make.

If you worried about your own finances as you do the rich you might find that you will be richer yourself

And I have yet to see the right to a "livable wage" whatever that is in the constitution.

You and you alone are responsible for what you earn

The constitution is a joke and needs severely rewritten. It is a problem when my labor is taken for granted and I am not compensated fairly. Its why unions need to be involved in EVERY aspect of labor/jobs. If my wife had a union she wouldn't be making 9.50$ an hour while her piece of shit supervisors make more than that AND get every weekend off while my wife has to work every weekend and hasn't had a raise in the damn near year she has been at this shithole job. She works overtime,doubles,goes in on days off,never calls in etc. No raises,no praise not a damn thing but stolen labor.Same goes for EVERY worker.

The constitution is a joke and needs severely rewritten.

Screw you, illiterate Commie bastard!

 

[bripat9643]

I'd like to get what I lost in the stock market back when the banks fucked us.

I got mine back a couple of years ago.

And since the value of my home went down $40K, I'd like that taken off what I fucking owe!

That's a great idea! I'm sure some of the deadbeat borrowers who defaulted on their loans can scrape that together for you. Let me know how it goes.

They lost their homes and the banks made a fortune. Fuck you douche bag

And why did they lose their homes?

Could it be because they bought homes they could barely afford on an ARM ?

Could it be they remortgaged their homes multiple times as the values were artificially inflated so as to buy more crap they couldn't afford??

We argued this in 2008. Stop defending the criminal mortgage and bankers and GOP. Next you'll bring up Freddy and fanny.

What was criminal about what they did? Who went to jail? Where are the charges?
More tlaking points debunked last Ice Age.

The fact they didn't go to jail only proves they own our government. Google bank of america or countrywide and see they are guilty. And we never got our money back from them just like bernie Madoff with our money

If anyone should have gone to jail because of Countrywide, it should have been Chris Dodd and Barney Frank.

 

[bripat9643]

I have always wondered how one who is not a 1%er becomes a defender and apologist for the 1%.

Some people aren't jealous of those who have more than them

So you defend those that MILLIONS a year at least because those that don't make enough without getting FS,TANF,Medicaid are jealous? Wow....special kind of stupid aren't we. How about standing up and defending the right of ALL people having the right to a livable wage? Don't ya just love how all the Walton heirs only make their millions because of their granddaddy or uncle or etc was? They didn't do shit to earn it...Man republicans are a special kind of dumb...you let me know the next time some rich piece of shit does something for you.

Hey I don't give a shit what some other guy makes.

It has absolutely nothing to do with what I make.

If you worried about your own finances as you do the rich you might find that you will be richer yourself

And I have yet to see the right to a "livable wage" whatever that is in the constitution.

You and you alone are responsible for what you earn

The constitution is a joke and needs severely rewritten. It is a problem when my labor is taken for granted and I am not compensated fairly. Its why unions need to be involved in EVERY aspect of labor/jobs. If my wife had a union she wouldn't be making 9.50$ an hour while her piece of shit supervisors make more than that AND get every weekend off while my wife has to work every weekend and hasn't had a raise in the damn near year she has been at this shithole job. She works overtime,doubles,goes in on days off,never calls in etc. No raises,no praise not a damn thing but stolen labor.Same goes for EVERY worker.

I'll bet your wife doesn't have any marketable skills. Most of my life employers have kissed my butt because I could always have another job within a week if I didn't like the one I was doing.

 

[bripat9643]

And why did they lose their homes?

Could it be because they bought homes they could barely afford on an ARM ?

Could it be they remortgaged their homes multiple times as the values were artificially inflated so as to buy more crap they couldn't afford??

We argued this in 2008. Stop defending the criminal mortgage and bankers and GOP. Next you'll bring up Freddy and fanny.

None of those people were forced to sign a mortgage they couldn't afford.

The only time and I repeat the only time one should refinance a mortgage is to shorten the term and lower the rate.

Who knew, not solving the underlying problem of poverty in our republic would have such dire consequences, especially when the right prefers to practice their socialism with more government programs...blah...blah...blah, instead of actual solutions through recourse to our Commerce Clause.

the government can't make people make better financial choices

They can regulate the banks and mortgage companies though. Bush deregulated them and look what happened.

Wrong. Bush didn't deregulate jack squat.

 

[Flash]

[


If anyone should have gone to jail because of Countrywide, it should have been Chris Dodd and Barney Frank.

Not because of Countrywide but other things Barney Queerboy should have spent some time in jail for what he did to cause the failure.

Of course with him prison would have been heaven, especially when he took a shower. He would have been dropping that soap all the time.

 

[sealybobo]

We argued this in 2008. Stop defending the criminal mortgage and bankers and GOP. Next you'll bring up Freddy and fanny.

None of those people were forced to sign a mortgage they couldn't afford.

The only time and I repeat the only time one should refinance a mortgage is to shorten the term and lower the rate.

Who knew, not solving the underlying problem of poverty in our republic would have such dire consequences, especially when the right prefers to practice their socialism with more government programs...blah...blah...blah, instead of actual solutions through recourse to our Commerce Clause.

the government can't make people make better financial choices

They can regulate the banks and mortgage companies though. Bush deregulated them and look what happened.

Wrong. Bush didn't deregulate jack squat.

Here’s a partial list of those alleged to be at fault:

• The Federal Reserve, which slashed interest rates after the dot-com bubble burst, making credit cheap.
• Home buyers, who took advantage of easy credit to bid up the prices of homes excessively.
• Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive houses.
• Real estate agents, most of whom work for the sellers rather than the buyers and who earned higher commissions from selling more expensive homes.
• The Clinton administration, which pushed for less stringent credit and downpayment requirements for working- and middle-class families.
• Mortgage brokers, who offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments, but exploding interest rates.
• Former Federal Reserve chairman Alan Greenspan, who in 2004, near the peak of the housing bubble, encouraged Americans to take out adjustable rate mortgages.
• Wall Street firms, who paid too little attention to the quality of the risky loans that they bundled into Mortgage Backed Securities (MBS), and issued bonds using those securities as collateral.
• The Bush administration, which failed to provide needed government oversight of the increasingly dicey mortgage-backed securities market.
• An obscure accounting rule called mark-to-market, which can have the paradoxical result of making assets be worth less on paper than they are in reality during times of panic.
• Collective delusion, or a belief on the part of all parties that home prices would keep rising forever, no matter how high or how fast they had already gone up.

 

[Flash]

Liberals believe losing money is a crime. They also believe making money is a crime.

I think they mean making more money than they do is a crime. They don't like giving away their own money but they love giving away other people's money. They really really like it when the government takes money away from other people and gives it to them. That is hog heaven for the little bastards.

 

[Preacher]

I have always wondered how one who is not a 1%er becomes a defender and apologist for the 1%.

Some people aren't jealous of those who have more than them

So you defend those that MILLIONS a year at least because those that don't make enough without getting FS,TANF,Medicaid are jealous? Wow....special kind of stupid aren't we. How about standing up and defending the right of ALL people having the right to a livable wage? Don't ya just love how all the Walton heirs only make their millions because of their granddaddy or uncle or etc was? They didn't do shit to earn it...Man republicans are a special kind of dumb...you let me know the next time some rich piece of shit does something for you.

Hey I don't give a shit what some other guy makes.

It has absolutely nothing to do with what I make.

If you worried about your own finances as you do the rich you might find that you will be richer yourself

And I have yet to see the right to a "livable wage" whatever that is in the constitution.

You and you alone are responsible for what you earn

The constitution is a joke and needs severely rewritten. It is a problem when my labor is taken for granted and I am not compensated fairly. Its why unions need to be involved in EVERY aspect of labor/jobs. If my wife had a union she wouldn't be making 9.50$ an hour while her piece of shit supervisors make more than that AND get every weekend off while my wife has to work every weekend and hasn't had a raise in the damn near year she has been at this shithole job. She works overtime,doubles,goes in on days off,never calls in etc. No raises,no praise not a damn thing but stolen labor.Same goes for EVERY worker.

I'll bet your wife doesn't have any marketable skills. Most of my life employers have kissed my butt because I could always have another job within a week if I didn't like the one I was doing.

She does actually. What's even worse is she doesn't want to leave because she enjoys what she does...but when you are being used there comes a time to tell them to fuck off and give the bullshit 36 hours a week to someone else...which is exactly what she is doing when she takes her maternity leave.She is being used. PERIOD.

 

[Flash]

[


Here’s a partial list of those alleged to be at fault:

• The Federal Reserve, which slashed interest rates after the dot-com bubble burst, making credit cheap.
• Home buyers, who took advantage of easy credit to bid up the prices of homes excessively.
• Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive houses.
• Real estate agents, most of whom work for the sellers rather than the buyers and who earned higher commissions from selling more expensive homes.
• The Clinton administration, which pushed for less stringent credit and downpayment requirements for working- and middle-class families.
• Mortgage brokers, who offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments, but exploding interest rates.
• Former Federal Reserve chairman Alan Greenspan, who in 2004, near the peak of the housing bubble, encouraged Americans to take out adjustable rate mortgages.
• Wall Street firms, who paid too little attention to the quality of the risky loans that they bundled into Mortgage Backed Securities (MBS), and issued bonds using those securities as collateral.
• The Bush administration, which failed to provide needed government oversight of the increasingly dicey mortgage-backed securities market.
• An obscure accounting rule called mark-to-market, which can have the paradoxical result of making assets be worth less on paper than they are in reality during times of panic.
• Collective delusion, or a belief on the part of all parties that home prices would keep rising forever, no matter how high or how fast they had already gone up.

You left out Jimmy Carter and this CRA mess, that started the whole damn thing.

Bush tried to push for government reforms but failed at it.

[video]

 

[Toddsterpatriot]

None of those people were forced to sign a mortgage they couldn't afford.

The only time and I repeat the only time one should refinance a mortgage is to shorten the term and lower the rate.

Who knew, not solving the underlying problem of poverty in our republic would have such dire consequences, especially when the right prefers to practice their socialism with more government programs...blah...blah...blah, instead of actual solutions through recourse to our Commerce Clause.

the government can't make people make better financial choices

They can regulate the banks and mortgage companies though. Bush deregulated them and look what happened.

Wrong. Bush didn't deregulate jack squat.

Here’s a partial list of those alleged to be at fault:

• The Federal Reserve, which slashed interest rates after the dot-com bubble burst, making credit cheap.
• Home buyers, who took advantage of easy credit to bid up the prices of homes excessively.
• Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive houses.
• Real estate agents, most of whom work for the sellers rather than the buyers and who earned higher commissions from selling more expensive homes.
• The Clinton administration, which pushed for less stringent credit and downpayment requirements for working- and middle-class families.
• Mortgage brokers, who offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments, but exploding interest rates.
• Former Federal Reserve chairman Alan Greenspan, who in 2004, near the peak of the housing bubble, encouraged Americans to take out adjustable rate mortgages.
• Wall Street firms, who paid too little attention to the quality of the risky loans that they bundled into Mortgage Backed Securities (MBS), and issued bonds using those securities as collateral.
• The Bush administration, which failed to provide needed government oversight of the increasingly dicey mortgage-backed securities market.
• An obscure accounting rule called mark-to-market, which can have the paradoxical result of making assets be worth less on paper than they are in reality during times of panic.
• Collective delusion, or a belief on the part of all parties that home prices would keep rising forever, no matter how high or how fast they had already gone up.

Former Federal Reserve chairman Alan Greenspan, who in 2004, near the peak of the housing bubble, encouraged Americans to take out adjustable rate mortgages.

If I still had my adjustable mortgage, I'd be paying a bit over 1% right now.

 

[bripat9643]

[


People in your tax bracket shouldn't be taxed so much.

I get taxed plenty because the cost of government is too high. Everybody in America gets taxed too much. It is over 40% of the GNP and it hits all of us some way. For instance, the filthy ass Feds collect almost a trillion dollars a year in corporate taxes. Every cent of that tax comes from the people that buys the goods and services that the corporations provide.

You don't fix the problem by reshuffling the deck of winners and losers. You fix the problem by cutting down on government spending so that nobody has to be taxed so much.

No you get taxed too much because the Walton's want a tax break. I'd rather give you the break. You all spend it and stimulate the economy.

When did the Walton's ask for a tax break?

 

[bripat9643]

These Libtards seem to forget this little tidbit.

Obama has hurt the middle class and that has widened the gap. Liberal economics just doesn't produce results. It makes things worse. We need to stimulate capitalism not redistribute the wealth.

The Moon Bats seem to think that things will get better if they keep on electing Democrats. Even after Obama's record they will vote for Hilliary Clinton who will be just as bad.

Obama screwed things up so now they need Hillary to fix it.

You are correct. Liberal economics produces poverty,misery and death. Their ideal society is Cuba because income inequality is the lowest there. Everyone is poor and miserable. Except the political elites.

A Republican on USMB just told me he made all his money back from the Bush recession and then some. Sounds like Obama's did a great job cleaning up Bush's mess. This is why your party is so focused on how Obama's doing with ISIS. You can't say a think about his economics. The only thing you can say is that the middle class and poor aren't doing well and we all know you guys don't give a shit about them. When Bush was in office and the poor and middle class weren't doing well you said they were just whiners who either needed to go back to school or start their own business'. So take your own fucking advice. If the economy sucks then you suck. No one elses fault but yours, right?

Remarkable case of cherry picking and arguing by anecdote.
The facts are that workforce participation is back to the late 70s levels, GDP growth is paltry, household incomes are stagnant, household wealth is stagnant, government dependence continues to grow from already high levels, business formation is at the lowest point in a long time
Those are facts. Not what some guy on a messageboard told you once.

So start sharing the profits with the workers. Walmart just gave their employees a raise. That's a start.

Why should WM share profits with workers? What did they do to deserve that? And nice job dodging and deflceting.

You really got to wonder why these numskulls think they're entitled to a share of the profits when they didn't put up a thing to earn a share. Profits are the share that goes to the owners. The workers are already getting their share. We call it wages and salaries.

 

[bripat9643]

Didn't vote in 2004....I was going for Kerry simply because I hated Bush...Kennedy's deserve their wealth to be redistributed as well.Capitalism is a cancer that needs to be eradicated COMPLETELY from the US. It does nothing but the rich get richer and the poor become poorer as the studies have shown.

How did getting rid of capitalism work out for the USSR, Communist China and Cuba?