Shifting the tax burden to the wealthy class does NOT harm the economy

[Dad2three]

I CALL BULLSHIT! Reagan QUADRUPLED Carters deficit, you showing it went down? lol

SOURCE?

 

[BluesLegend]

Shifting the tax burden to the wealthy class does NOT harm the economy

Hey dummy the tax burden has already been shifted to the wealthy, are you happy now?

 

[bedowin62]

you left-wingers actually brag about that SS "surplus" and use it as an example of how SS is doing great and has no problems

nobody is surprised a loser like you is now ranting about it out of the other corner of your mouth

 

[bedowin62]

reagan didnt quadruple anything leftard

you are just not man enough to acknowledge his Dem-majority Congress

 

[Dad2three]

I think Mr. Buffett is directing the debate away from the obscene corporate bailouts that have been going on since the financial crisis of 2008 and on to a contrived issue of class warfare that will do little to address America’s severe financial problems. If we are really serious about fixing the deficit, then let’s stop the bailouts. Mr. Buffett is supposed to be an expert investor. So, why do so many of the companies he owns or invests in need to be bailed out! What kind of strategy is this? It looks to me like Buffett made some bad bets, and when they blew up, he became an advisor to the administration. Then, he watched as the bailouts not only saved his bacon, but made him and his shareholders even more insanely rich than they already were.

Yes, the bailouts have entirely warped our capitalist system. Broken, corrupt business models are being shored up by the government, keeping more efficient and transparent business models from thriving and succeeding. The corruption and fraud of the bad models is being condoned and sanctioned by the State.

It's sickening.

Yep, bailing out the US after the GOP's great depression, Ronnie's S&L crisis, Clinton's Asian/Latin America debt crisis and now Dubya's subprime bubble, socialism bailing out capitalism!

Pretty sick. Perhaps decide conservatives policy sucks?

obama voted for the "Bush" bailout you idiot

you're embarrassing yourself

Good thing I have you on ignore Bubs, I'M tired of refuting your BS over and over
'
True Obama felt the US shouldn't have to go back into ANOTHER CONservative/GOP depression after they cheered on ANOTHER Bankster bubble like Harding/Coolidge!

 

[bedowin62]

I think Mr. Buffett is directing the debate away from the obscene corporate bailouts that have been going on since the financial crisis of 2008 and on to a contrived issue of class warfare that will do little to address America’s severe financial problems. If we are really serious about fixing the deficit, then let’s stop the bailouts. Mr. Buffett is supposed to be an expert investor. So, why do so many of the companies he owns or invests in need to be bailed out! What kind of strategy is this? It looks to me like Buffett made some bad bets, and when they blew up, he became an advisor to the administration. Then, he watched as the bailouts not only saved his bacon, but made him and his shareholders even more insanely rich than they already were.

Yes, the bailouts have entirely warped our capitalist system. Broken, corrupt business models are being shored up by the government, keeping more efficient and transparent business models from thriving and succeeding. The corruption and fraud of the bad models is being condoned and sanctioned by the State.

It's sickening.

Yep, bailing out the US after the GOP's great depression, Ronnie's S&L crisis, Clinton's Asian/Latin America debt crisis and now Dubya's subprime bubble, socialism bailing out capitalism!

Pretty sick. Perhaps decide conservatives policy sucks?

obama voted for the "Bush" bailout you idiot

you're embarrassing yourself

Good thing I have you on ignore Bubs, I'M tired of refuting your BS over and over
'
True Obama felt the US shouldn't have to go back into ANOTHER CONservative/GOP depression after they cheered on ANOTHER Bankster bubble like Harding/Coolidge!

how can you have me on ignore when you just replied to me einstein?

you have me on ignore NOW?

oh great!~! i get to rebut the propaganda you post without having to stop and rebut your newest piece of garbage you responded to me with
????????????????????


lmao!

 

[Dad2three]

I think Mr. Buffett is directing the debate away from the obscene corporate bailouts that have been going on since the financial crisis of 2008 and on to a contrived issue of class warfare that will do little to address America’s severe financial problems. If we are really serious about fixing the deficit, then let’s stop the bailouts. Mr. Buffett is supposed to be an expert investor. So, why do so many of the companies he owns or invests in need to be bailed out! What kind of strategy is this? It looks to me like Buffett made some bad bets, and when they blew up, he became an advisor to the administration. Then, he watched as the bailouts not only saved his bacon, but made him and his shareholders even more insanely rich than they already were.

Yes, the bailouts have entirely warped our capitalist system. Broken, corrupt business models are being shored up by the government, keeping more efficient and transparent business models from thriving and succeeding. The corruption and fraud of the bad models is being condoned and sanctioned by the State.

It's sickening.

Yep, bailing out the US after the GOP's great depression, Ronnie's S&L crisis, Clinton's Asian/Latin America debt crisis and now Dubya's subprime bubble, socialism bailing out capitalism!

Pretty sick. Perhaps decide conservatives policy sucks?

how does the S & L crisis belong to Reagan?
how does the "Clinton.................crisis" belong to clinton?

who approved of subprime lending? democrats, in the name of fainess

socialism cant bail out anything idiot; because it relies on people's taxes that made it FROM capitalism

what a joke you are

Oh right Bubba, the EXECUTIVE BRANCH IGNORING REGULATOR WARNINGS (Ronnie's started in 1984 that according to Mr Gray would've stopped 90% of the S&L crisis) and Dubya cheering on a WORLD WIDE CREDIT BUBBLE AND BUST (as he fought ALL 50 states who wanted to REGULATE predatory lenders), was the Dems fault? lol

 

[David_42]

Every penny from those making $500,000 or more only 6 months? Oh you mean WITHOUT keeping existing tax revenues TOO?

Since taxing ONLY the top 1% at DOUBLE today's EFFECTIVE rate (23%) would wipe out the current deficit?

Yep, ONLY a 46% EFFECTIVE tax rate for the top 1% and we go back to a surplus like Clinton had US at!

The point remains that we don't have an income problem, we have a spending problem.

Right Reagan GUTTING the treasury by almost 3% of GDP didn't matter NOR Dubya gutting it by 5%+ of GDP, it was ONLY the spending increases (3% under Reagan, 2% under Dubya) by the GOPers that was the problem *shaking head*


Hint taking US from 20% of GDP like Clinton had US to under 15% of GDP WHILE DUBYA EXPLODED THE CREDIT CARD CHARGES, CREATED THIS SITUATION (along with his ponzi scheme)

I will never forgive George Bush and the mock GOP Congress for taking the conservative movement so far off the reservation.

Ever.

I'm curious, do you support social welfare programs and maintaining them? Where do you stand on social security? Military spending?

I'm a retired vet, so I believe in a strong defense. However, there is no reason which explains why we are spending, in dollars adjusted for inflation, as much on defense today as we were in WWII. We are not in a world war. We are not under an existential threat like we were in the Cold War.

I support Social Security and Medicare, but I believe we should have raised the eligibility age to 70 a long time ago, and indexed it to 9 percent of the population. We are living longer, we should be working longer. Common sense.

Only 5.4% of the population was over 65 when Social Security was established. 9% were over 65 when Medicare was established. Today, 14% are over 65. This is unsustainable.

We need to go back to 9%.

Food stamps? Yes, I believe we should provide for the poor. Absolutely. This in no way means I think it is okay for someone to buy alcohol and steaks with an EBT card. I just don't believe it happens anywhere near the scale the gullible haters do.

Interesting, thanks, but when it comes to retiring at 70, I believe certain people who truly can't work due to a broken down body shouldn't have to, this happened to my grandparents before they passed. Then again, we have disability and such now.

 

[Dad2three]

By deriving the bulk of his annual wealth from his investments, Buffett enjoys the lower 15 percent rate for capital gains and dividends. But the "rule," levying a 30 percent rate on any income for folks like Romney, Buffett and Obama, represents a massive new tax on investment and ignores the fact that corporate profits are already taxed at 35 percent before any gain is realized and even after any dividend is distributed.
Moreover, history shows that the "demand" for capital gains is, in economic terms, the most of elastic of all. If rates go up, gains simply aren't realized, depriving the government of revenue. If rates decline, then revenue tends to rise along with after tax earnings. This is exactly what has occurred every time the capital gains rate was adjusted over the last four decades.
Regardless of the numbers, the larger ethical question remains. If paying more of one's income in taxes is such a moral imperative, why haven't those screaming the loudest for more government revenue voluntarily complied with their own rule?

NO SERIOUS ECONOMIST THINKS YOU CUT TAXES, EITHER CAPITAL GAINS OR INCOME, BRINGS IN MORE REVENUES. NONE. There IS a Left AND right of Laffers curve dummy!

 

[bedowin62]

By deriving the bulk of his annual wealth from his investments, Buffett enjoys the lower 15 percent rate for capital gains and dividends. But the "rule," levying a 30 percent rate on any income for folks like Romney, Buffett and Obama, represents a massive new tax on investment and ignores the fact that corporate profits are already taxed at 35 percent before any gain is realized and even after any dividend is distributed.
Moreover, history shows that the "demand" for capital gains is, in economic terms, the most of elastic of all. If rates go up, gains simply aren't realized, depriving the government of revenue. If rates decline, then revenue tends to rise along with after tax earnings. This is exactly what has occurred every time the capital gains rate was adjusted over the last four decades.
Regardless of the numbers, the larger ethical question remains. If paying more of one's income in taxes is such a moral imperative, why haven't those screaming the loudest for more government revenue voluntarily complied with their own rule?

NO SERIOUS ECONOMIST THINKS YOU CUT TAXES, EITHER CAPITAL GAINS OR INCOME, BRINGS IN MORE REVENUES. NONE. There IS a Left AND right of Laffers curve dummy!

i thought you had me on ignore dummy???

 

[Dad2three]

how many left-wing gazillionaires have voluntarily raised the amount they pay to the government by just cutting Uncle Sam a check???????

We have a voluntary tax system?

Back to ignore for you Bubs

 

[bedowin62]

how many left-wing gazillionaires have voluntarily raised the amount they pay to the government by just cutting Uncle Sam a check???????

We have a voluntary tax system?

Back to ignore for you Bubs

you never had me on ignore mental-case

lol

 

[The Rabbi]

"Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy: During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boom."

THE TRUTH ABOUT TAXES: High Rates On Rich People Do Not Hurt The Economy - Business Insider

The true driving force of the economy is the middle class - not the wealthy. This economy depends on consumer spending. That is why you all should care about income inequality. Despite productivity skyrocketing over the previous decades, wages have remained mostly flat in the lower class and most of the income gains have gone to the top 1%.. The middle class is shrinking and the U.S. has the worst child poverty rate in the developed world.

Wealth And Inequality In America - Business Insider

As often as this lie is debunked yet morons keep repeating it.
You are truly Billy Triple Goose egg, the dumbest poster on this site.

 

[Dad2three]

NOT going to call YOU a liar, but YOU need a better source Bubs

Revenues, Outlays, Deficits, Surpluses, and Debt Held by the Public,
1971 to 2010, as a Percentage of Gross Domestic Pro

Ronnie took a 2.6% of GDP deficit and ran it up to 6% by 1984 before bringing it down to 2.8% his last budget

HE HOSED POPPY HOWEVER


Clinton took a 2.6% deficit to a 1.3%


https://www.cbo.gov/sites/default/files/112th-congress-2011-2012/reports/historicaltables[1].pdf

 

[Dad2three]

"Contrary to what Republicans would have you believe, super-high tax rates on rich people do not appear to hurt the economy or make people lazy: During the 1950s and early 1960s, the top bracket income tax rate was over 90%--and the economy, middle-class, and stock market boom."

THE TRUTH ABOUT TAXES: High Rates On Rich People Do Not Hurt The Economy - Business Insider

The true driving force of the economy is the middle class - not the wealthy. This economy depends on consumer spending. That is why you all should care about income inequality. Despite productivity skyrocketing over the previous decades, wages have remained mostly flat in the lower class and most of the income gains have gone to the top 1%.. The middle class is shrinking and the U.S. has the worst child poverty rate in the developed world.

Wealth And Inequality In America - Business Insider

As often as this lie is debunked yet morons keep repeating it.
You are truly Billy Triple Goose egg, the dumbest poster on this site.

STUDY: These Charts Show There's Almost No Correlation Between Tax Rates and GDP

These Charts Show There's Probably No Correlation Between Tax Rates and GDP - Business Insider


Capital Gains Tax Rates and Economic Growth (or not)

If you read the editorial page of the Wall Street Journal (or surf around the nether regions of Forbes.com), you may come to the conclusion that no aspect of tax policy is more important for economic growth than the way we tax capital gains. You’d be wrong

Capital Gains Tax Rates and Economic Growth (or not)

 

[g5000]

Clinton took a 2.6% deficit to a 1.3%

The balanced budget of the Clinton years is the chief reason I support John Kasich for President.

He is the only candidate who actually played a major role in balancing the federal budget during that period. And we need someone who knows how to do it more than ever.

 

[Dad2three]

how many left-wing gazillionaires have voluntarily raised the amount they pay to the government by just cutting Uncle Sam a check???????

We have a voluntary tax system?

Back to ignore for you Bubs

you never had me on ignore mental-case

lol

Still do dummy, have to hit show ignore losertarin list to see your posts Bubs

 

[Meathead]

If 10% pay 70% of Federal taxes, what's the point of the the premise?

 

[Dad2three]

Clinton took a 2.6% deficit to a 1.3%

The balanced budget of the Clinton years is the chief reason I support John Kasich for President.

He is the only candidate who actually played a major role in balancing the federal budget during that period. And we need someone who knows how to do it more than ever.

He vote for the 1993 Dem budget bill that created the surpluses? Or did he support the $700 billion tax cut the GOP passed AFTER Clinton's first surplus?

 

[Dad2three]

If 10% pay 70% of Federal taxes, what's the point of the the premise?

You mean 10% who "make" 58%+ of income pay that 26% of ALL Gov't taxes?