Tax the rich, lose the rich

[CMike]

Point is: if one class makes all the money, than it has to pay all the taxes. The lower classes cannot pay their fair share if they don't have a share. You can't squeeze money from someone you are not paying well enough to buy health care. The Reagan movement lowered their financial solvency (to the tune of massive wealth for the market winners). And it squandered generational wealth creating a militarized global system which only benefits a small portion of the population, many of them offshore (unless you think all of BA and LLY's investors live in the USA). It's a big lie.

You want to hog all the money....you can hog all the taxes

That is assuming that there is one pie of money, and that wealth can't be created. Your assumptions are wrong.

 

[boedicca]

Those who are not productive themselves often think of the pie as static.

 

[Truthmatters]

Welcome to The Institute of Responsible Wealth Homepage

These people produce far more than you do Boody and they agree with us.

This bullshit about political points of view being envy is just a fucking lie.

 

[Charles_Main]

Welcome to The Institute of Responsible Wealth Homepage

These people produce far more than you do Boody and they agree with us.

This bullshit about political points of view being envy is just a fucking lie.

Ah More left wing Propaganda from Truth. How refreshing.

Grow up kid. Learn to think for yourself, and stop depending on "people" to do your thinking for you.

 

[boedicca]

TM is a brainwashed little moron.

It's quite common for very financially well-off people whose own situations are secure to curry favor with the Ruling Elites by advocating policies which prevent others from becoming wealthy themselves.

The Left has institutionalized Envy. It's the currency with which they rally those who have less in order to gain public opinion sanction to take wealth and income away from those who have more, even if it is marginally not that great an amount on an individual basis. Take away enough, and a great deal of it will end up in the politicians' and their cronies' pockets.

And that Is the point: Accretion of Power in order to Raid the Piggy Banks of the Productive.

 

[drsmith1072]

How can anyone support borrowing money to give tax cuts to the rich?

At least if you did that you'd get it back in higher wages, more productivity, greater GDP.
What I dont understand is why you'd borrow money to give to poor people where you'll never get it back.

Nice opinion but the fact remains that according to rightwingers in this thread we are still in a recession so extending the, republican set up to expire so they can raise taxes, taxcuts will do nothing to create jobs since they haven't done so already and one of the main excuses was teh recession.

Furthermore, you can offer no guarantee that higher wages, more productivity and greater gdp would come from extending the taxcuts. So why make a claim that you can't prove as you avoid a valid question?

 

[The Rabbi]

How can anyone support borrowing money to give tax cuts to the rich?

At least if you did that you'd get it back in higher wages, more productivity, greater GDP.
What I dont understand is why you'd borrow money to give to poor people where you'll never get it back.

Nice opinion but the fact remains that according to rightwingers in this thread we are still in a recession so extending the, republican set up to expire so they can raise taxes, taxcuts will do nothing to create jobs since they haven't done so already and one of the main excuses was teh recession.

Furthermore, you can offer no guarantee that higher wages, more productivity and greater gdp would come from extending the taxcuts. So why make a claim that you can't prove as you avoid a valid question?

Actually those things have all been proven. Including the fact that you get more money from the rich by lower tax rates. You want to get more money from the rich, right?
Arthur Laffer: The Soak-the-Rich Catch-22 - WSJ.com

 

[Wicked Jester]

At least if you did that you'd get it back in higher wages, more productivity, greater GDP.
What I dont understand is why you'd borrow money to give to poor people where you'll never get it back.

Nice opinion but the fact remains that according to rightwingers in this thread we are still in a recession so extending the, republican set up to expire so they can raise taxes, taxcuts will do nothing to create jobs since they haven't done so already and one of the main excuses was teh recession.

Furthermore, you can offer no guarantee that higher wages, more productivity and greater gdp would come from extending the taxcuts. So why make a claim that you can't prove as you avoid a valid question?

Actually those things have all been proven. Including the fact that you get more money from the rich by lower tax rates. You want to get more money from the rich, right?
Arthur Laffer: The Soak-the-Rich Catch-22 - WSJ.com

Ya' ever stop to think of the fact that one of the main reasons jobs aren't being created is because businesses, both small and large, have absolutely no confidence whatsoever in this president, administration, senate or congress' ability to deal with the problem?.......Seeing as though they are proving to be completely clueless. Seeing as though they are throwing money in eleven different directions, and it's not working as they promised.

Yeah, lets just punish the rich and completely ignore the abject failings of our leader, his administration, senate, and congress......It's the rich peoples fault!....Now take from them and give me mine!

This post is directed at drsmith, not you Rabbi!....I quoted the wrong post!...My bad.

 

[The Rabbi]

Companies hire and expand when they feel confident enough in the future to take on current obligations. Currently no one knows what this administration will do next. From screwing bondholders at GM, to replacing the CEO, to limiting executive pay, to proposing big taxes, to coercing money out of oil companies this administration is terra incognita as far as business goes. In such an uncertain environment someone would need his head examined before deciding to hire a new person.

 

[EriktheRed]

This morning on MSNBC, House Minority Whip Eric Cantor (R-Va.) accidentally noted the truth about Republican demands to extend Bush's tax cuts. Host Savannah Guthrie asked Cantor if he would "simply acknowledge that passing these tax cuts worsens the budget deficit problem." Cantor dodged, arguing that people don't want to see "a tax hike."

So, Guthrie tried again, asking if Cantor "had any dispute with the notion that it does exacerbate the deficit picture." The Republican replied, "What I said in the beginning is, um, if you have less revenues coming into the federal government, and more expenditures, what does that add up to? Certainly you're gonna dig the hole deeper. But you also have to understand, if the priority is to get people back to work, is to start growing this economy again, uh, then you don't wanna make it more expensive for job creators."

That's quite a concession. Cantor is willing to admit that tax cuts would "dig the hole deeper" when it comes to the deficit -- a fact that's consistent with common sense, but which Republicans have fought vehemently for a month -- but believes the economy is more important than the deficit.

The Washington Monthly


Heh...

 

[The Rabbi]

It is of course "consistent with common sense" only in the Democrat sense of static scoring. In the real world tax cuts, properly done (and that's important), produce more, not less revenue for the government.

 

[Wicked Jester]

Companies hire and expand when they feel confident enough in the future to take on current obligations. Currently no one knows what this administration will do next. From screwing bondholders at GM, to replacing the CEO, to limiting executive pay, to proposing big taxes, to coercing money out of oil companies this administration is terra incognita as far as business goes. In such an uncertain environment someone would need his head examined before deciding to hire a new person.

Exactly!....But for the die hards on the left, it's much easier to blame the rich than admit it.

 

[EriktheRed]

It is of course "consistent with common sense" only in the Democrat sense of static scoring. In the real world tax cuts, properly done (and that's important), produce more, not less revenue for the government.

Why don't you talk to Cantor then, he seems a bit off-message.

 

[drsmith1072]

They?
Yes, there are some shipping jobs overseas. SOME. NOT ALL. But you tell me...exactly how do you think countries overseas will react if we pulled all of our jobs back here? You think Japan will keep their plants open here or bring their jobs back to Japan to make up for the lost jobs?

Where are the jobs?

We were in a recession. It was expected. Some jobs are lost in a recesssion. But then, as is expected, one of the candidates decided to play in it and call it the beginnig of a depression...that was to get votes. But it did more. IT SCARED THE HELL OUT OF PEOPLE. So they started to lay off out of fear. Then it spiraled.

Then came the stimulus. What does a stimulus do? It gives people reason to be reactive not pro-active. So people sat around and waited for it to kick in. Less people spending, more layoffs. It never really kicked in....still waiting.

Then came the health care bill. What did that do? Told employers the cost of each employee will be going up. MORE reason to not want to hire.

Then came the threat of losing the tax cuts. MORE REASON not to hire.

Thats where the jobs are.

LOL so even if they get more tax cuts or we extend bush's tax cuts to the job creators will still not create jobs because we are in a recession so what is the point of allowing them to keep the capital if they aren't willing to follow through with their end of the deal??

FEAR so do you also have a distaste for the fear that the right is using to try and gain in the upcoming election?? mccain made similar comments so why only focus on one candidate?? Furthermore didn't W even talk about it??

The fact is that they had the motivation that they wanted in order for them to hire and just like you they made lame excuses as to why they weren't hiring although your lame excuses seem to have more a political motivation as you seem to only want to be critical of one side as you give the obstructionist right a pass.

Seriously, hack....You need to go into business for yourself and get an understanding, instead of spouting off with your USUAL b.s. progressive talking points.

In fact, come here to California and try and do business. Particularly if you own the property and land your business is located on. Deal with property taxes on top of business taxes. Deal with your own personal income taxes. Deal with having a bottom line that must be maintained. When that bottom line is negatively affected in any way, too include over taxation, decisions have to be made in order to protect it. Those decisions more often than not result in the loss of jobs of those you employ.

HAHA says the hack with the fictitious life that he made up and ahd to keep corecting after errors in his story were pointed out. LOL

Again with the over taxation BS. Since bush's tax cuts are still in place and as far as I can see no new taxes have been imposed as of yet by the federal government what the fuck are you crying about???

In the end you failed to address the content ass usual but that is to be expected.

 

[drsmith1072]

At least if you did that you'd get it back in higher wages, more productivity, greater GDP.
What I dont understand is why you'd borrow money to give to poor people where you'll never get it back.

Nice opinion but the fact remains that according to rightwingers in this thread we are still in a recession so extending the, republican set up to expire so they can raise taxes, taxcuts will do nothing to create jobs since they haven't done so already and one of the main excuses was teh recession.

Furthermore, you can offer no guarantee that higher wages, more productivity and greater gdp would come from extending the taxcuts. So why make a claim that you can't prove as you avoid a valid question?

Actually those things have all been proven. Including the fact that you get more money from the rich by lower tax rates. You want to get more money from the rich, right?
Arthur Laffer: The Soak-the-Rich Catch-22 - WSJ.com

Once again you have to be informed that you saying it, doesn't make it so. And providing an oped from the rigthwing times does nothing to prove your claims. However, my guess is taht you already know that.

BTW it still doesn't address your own contradiction in which you defend why jobs haven't been created and yet even IF the taxcuts are extended for all, according to your own spin earlier on, we will still be in a recession and companies and rightwingers will still use your list of lame excuses as to why they aren't created jobs, so how can you guarantee that what you claim will happen will in fact happen when your earlier arguments seem to counter your current spin??

 

[Douger]

Im gonna head overseas !
OH wait.
I already did that.
Idiots...........

 

[drsmith1072]

Companies hire and expand when they feel confident enough in the future to take on current obligations. Currently no one knows what this administration will do next. From screwing bondholders at GM, to replacing the CEO, to limiting executive pay, to proposing big taxes, to coercing money out of oil companies this administration is terra incognita as far as business goes. In such an uncertain environment someone would need his head examined before deciding to hire a new person.

So how will extending the taxcuts help again?? LOL You seem to be trying to play both sides of the field here and don't even see your own contradictions.

The administration is here for over two more years so IF is is as you say and they all companies are scared of the administration then how will extending the taxcuts that companies have already had and refused to use to create jobs creat jobs when the companies won't act and continue to pocket the taxcuts??

BTW GM took the money and agreed to certain limitations until they paid it back so how does that apply to every company?? Oh you mean it doesn't, thanks for teh spin

Coercing money from oil companies?? What are you talking about? BP? Don't you think they should pay for the damage that their ineptitude caused???

As usual, you are playing you old make "shite up as you go along" game in a desperate attempt to score political points. How typical.

Don't worry, i am certain some gullible moron will thank you and agree with you over this BS. LOL

 

[boedicca]

It's impossible to explain why tax cuts spur economic growth to someone who is completely and thoroughly an economic illiterate. It's like trying to explain what the Mona Lisa looks like to someone who has been stone blind since birth.

 

[The Rabbi]

Nice opinion but the fact remains that according to rightwingers in this thread we are still in a recession so extending the, republican set up to expire so they can raise taxes, taxcuts will do nothing to create jobs since they haven't done so already and one of the main excuses was teh recession.

Furthermore, you can offer no guarantee that higher wages, more productivity and greater gdp would come from extending the taxcuts. So why make a claim that you can't prove as you avoid a valid question?

Actually those things have all been proven. Including the fact that you get more money from the rich by lower tax rates. You want to get more money from the rich, right?
Arthur Laffer: The Soak-the-Rich Catch-22 - WSJ.com

Once again you have to be informed that you saying it, doesn't make it so. And providing an oped from the rigthwing times does nothing to prove your claims. However, my guess is taht you already know that.

BTW it still doesn't address your own contradiction in which you defend why jobs haven't been created and yet even IF the taxcuts are extended for all, according to your own spin earlier on, we will still be in a recession and companies and rightwingers will still use your list of lame excuses as to why they aren't created jobs, so how can you guarantee that what you claim will happen will in fact happen when your earlier arguments seem to counter your current spin??

Do you have the slightest idea what you are talking about?
Tax cuts themselves will not create jobs. If the present administration keeps on demonizing business and imposing new regulations and new taxes then cutting other taxes will not help one bit.
But a concerted plan to limit regulation, return to the rule of law, and cut taxes at the margin (I realize I am using language that might as well be Pashtun to you) will be a whole lot better than the failed policies we have had for the last 3 years.

 

[The Rabbi]

It's impossible to explain why tax cuts spur economic growth to someone who is completely and thoroughly an economic illiterate. It's like trying to explain what the Mona Lisa looks like to someone who has been stone blind since birth.

drsmith is an economic illiterate of the old school. Trying to explain anything is like trying to explain why rocks aren't edible.