Tax the rich, lose the rich

[ScienceRocks]

Califorina is finished.

 

[JakeStarkey]

I am not talking your deflection of Obama, but the failed Bush administration as always. 700 thousand fucking jobs was no fantasy scenario.

Your messiah [President Obama] promised it wouldn't go over 8% if his porkulus bill was passed. He didn't know shit. Bush didn't cause the sub-prime mortgage debaobviously cle. Democrats did that all on their own.

And your messiah, the halfwit inheritor Junebug Bush, stood under a "mission accomplished" sign on the deck of a warship and promised victory in Iraq - a nation that had nothing to do with his failure to protect the United States from attack by Saudi terrorists.

And your other messiah Bobblehead Reagan tripled the national debt, pardoned millions of illegal aliens to fuck American blue collar labor, endorsed the first private sector bailouts (S&Ls), and for good measure gave government workers the highest percent pay increase of any president to that time PLUS increased government staffing more than any peacetime president in history.

No question Obama hasn't fixed the problems your messiahs caused. How funny is it that if your messiahs hadn't fucked it up so obviously and so bad by summer of 2007 Obama would have been out of the race before it started. Even more hilarious, by the time of the crash in September of 2008, a majority of Americans would have voted for the acknowledged Devil before they voted for another filthy god damned nutball scum.

Did anyone mention that despite how bad his first term went Obama got a bigger majority in 2012 than the lying cretin halfwit-America re elected in 2004?

Be glad someone with balls isn't in the white house, sport. If that ever happens real Americans will be hunting nutballs with dogs.

Just so. The GOP cannot afford any more neo-cons or strong ties to the TeaP or to the social values con crazies.

 

[Samson]

I am not talking your deflection of Obama, but the failed Bush administration as always. 700 thousand fucking jobs was no fantasy scenario.

Your messiah [President Obama] promised it wouldn't go over 8% if his porkulus bill was passed. He didn't know shit. Bush didn't cause the sub-prime mortgage debaobviously cle. Democrats did that all on their own.

And your messiah, the halfwit inheritor Junebug Bush, stood under a "mission accomplished" sign on the deck of a warship and promised victory in Iraq - a nation that had nothing to do with his failure to protect the United States from attack by Saudi terrorists.

And your other messiah Bobblehead Reagan tripled the national debt, pardoned millions of illegal aliens to fuck American blue collar labor, endorsed the first private sector bailouts (S&Ls), and for good measure gave government workers the highest percent pay increase of any president to that time PLUS increased government staffing more than any peacetime president in history.

No question Obama hasn't fixed the problems your messiahs caused. How funny is it that if your messiahs hadn't fucked it up so obviously and so bad by summer of 2007 Obama would have been out of the race before it started. Even more hilarious, by the time of the crash in September of 2008, a majority of Americans would have voted for the acknowledged Devil before they voted for another filthy god damned nutball scum.

Did anyone mention that despite how bad his first term went Obama got a bigger majority in 2012 than the lying cretin halfwit-America re elected in 2004?

Be glad someone with balls isn't in the white house, sport. If that ever happens real Americans will be hunting nutballs with dogs.

BOOOOOOOOOOSH.....BAAAD


OBAMAAAAAA.....GOOOOOOOD.


It never gets old.

 

[Dugdale_Jukes]

Again. 70's stagflation, caused by the oil shocks and over-application of Keynesian policies, gave Reagan an opening. The result was historic tax cuts and the death of the high middle class wage and benefit system (bolstered by a war on programs which gave the middle class more affordable education).

[Remember: capital wants super cheap labor. This is why US manufacturing moved to communist China: because investors want the higher returns enabled by cheap labor. During the postwar years business hated having to support a thriving (i.e., expensive) middle class labor market. So Reagan dismantled what the Right called the artificially high wage system of the pampered American worker. This meant the father had to get a second job and the mother was thrust into the labor market in order to make up for diminishing and stagnant wages. This was basically a Rightwing war on the American Family. It was done to give large corporations higher returns. Those higher returns were shared with charismatic pundits like Limbaugh, Hannity and Levine, all of whom were paid handsomely to call this crime against families "freedom". ]

In order to stall the eventual collapse of the middle class, the Reagan Revolution presided over an unprecedented expansion of credit. [As wages and benefits went down, credit filled the gap] This expansion of credit reached its apex when Reagan's Maestro, Allan Greenspan, called newly deregulated subprime and derivative the innovative fruits of financial entrepreneurs.

If you don't use tax policy to move the surplus wealth on top into infrastructure and middle class opportunity, you end up where we are now: a dying middle class who takes on ever increasing debt to make up for the money and jobs that are not trickling down, coupled with an upper class that has historic levels of cash with no where to invest because all the consumers have been turned into low wage serfs.

This is how nations die. A small amount of people own all the wealth.. and they use that centralized power to distract morons into thinking that somebody else runs the system. This is why the Rightwing media bullhorn constantly spews garbage about the illegal, gay, Islamo-fascist, socialist, atheist, Marxist, hiding under the bed.

They want you to believe that we live in Ayn Rand's Russia where Stalin steals your family's pharmacy. They want you to believe that the wealthy are still being persecuted. Silly Rabbi. Everyone knows the pharmaceutical owns the politician.

Reagan was a puppet. His handlers from Regan to Schultz to Weinberger kept him busy shadow boxing a bankrupt consortium of crummy economies described for the benefit of fools as an "evil empire" while they deliberately set the state to destroy labor's influence in America.

There was never a second of any minute in the Reagan administrations where there was any serious concern for preserving the US blue collar middle class, whatever they are teaching today at LSE, UC and other schools still lost in the belief Reagan himself had a clue.

The actual objectives of Regan et al were to diminish US labor to functional chattell in the belief that would make the US more competitive in what was obviously becoming a more global economy. There is no other rational explanation for the speed at which two generations of healthy production-based economy was dismantled in favor of an asset-based economy (as you noted, credit was the fuel).

And there is no other possible result than bankruptcy from asset (credit) based economies. All that is left to manage is the de leveraging. And whether anyone reading this believes it or not, that IS going to happen with carefully selected write-offs by sovereigns, and NOT with repayment.

Reagan's people were second class all the way. And then the quality of senior government workers went down. Clinton for example was a ReagaNUT to the max; he signed NAFTA, deregulated essential commodities and finished the job on Glass Steagall. Then, just when rational people didn't think it COULD get worse, halfwit America put a scum like Junebug Bush in position to steal the 2000 election. John Roberts influenced his predecessor on the bush league's behalf, then got his current gig as a reward. History most folks will never read and most who do won't believe. Still, it's true.

And here we are in a world where political partisans bicker over micro issues like abortion while macro issues like debt, immigration and labor policy are generally ignored. Pretty funny, actually.

 

[The Rabbi]

I am not talking your deflection of Obama, but the failed Bush administration as always. 700 thousand fucking jobs was no fantasy scenario.

Your messiah [President Obama] promised it wouldn't go over 8% if his porkulus bill was passed. He didn't know shit. Bush didn't cause the sub-prime mortgage debaobviously cle. Democrats did that all on their own.

And your messiah, the halfwit inheritor Junebug Bush, stood under a "mission accomplished" sign on the deck of a warship and promised victory in Iraq - a nation that had nothing to do with his failure to protect the United States from attack by Saudi terrorists.

And your other messiah Bobblehead Reagan tripled the national debt, pardoned millions of illegal aliens to fuck American blue collar labor, endorsed the first private sector bailouts (S&Ls), and for good measure gave government workers the highest percent pay increase of any president to that time PLUS increased government staffing more than any peacetime president in history.

No question Obama hasn't fixed the problems your messiahs caused. How funny is it that if your messiahs hadn't fucked it up so obviously and so bad by summer of 2007 Obama would have been out of the race before it started. Even more hilarious, by the time of the crash in September of 2008, a majority of Americans would have voted for the acknowledged Devil before they voted for another filthy god damned nutball scum.

Did anyone mention that despite how bad his first term went Obama got a bigger majority in 2012 than the lying cretin halfwit-America re elected in 2004?

Be glad someone with balls isn't in the white house, sport. If that ever happens real Americans will be hunting nutballs with dogs.

Jughead, your "knowledge" of history is so fucked up I doubt you could ever get it straight. UE under Bush never went above 7%. Under Obama it's never been below. Household wealth, household income, labor participation rates are all lower today than the day Obama took office. This despite a fawning media and a filibuster proof Congress for the first 2 years.

 

[UKRider]

What'cha gonna do when there aren't no rich no more.

 

[Katzndogz]

Democrats are convinced that the higher the unemployment rate the more prosperous the country.

 

[Mr. Shaman]

In addition to being a pompous ass you're just plain stupid.
I thought the Right (whoever they are) wanted to lower taxes to favor the wealthy? Get your misinformation straight.

How many times did your hero Reagan raise taxes during his presidency?

Taxes were far lower when he left office than when he entered.

End of story, asshole.

November 23, 1981​

"He knows less about the budget than any president in my lifetime. He can't even carry on a conversation about the budget. It's an absolute and utter disgrace."

- House Speaker Tip O'Neill, after a meeting with Reaganhttp://thereaganyears.tripod.com/economicpolicy.htm​

http://thereaganyears.tripod.com/economicpolicy.htm​

​

 

[The Rabbi]

Democrats are convinced that the higher the unemployment rate the more prosperous the country.

Food stamps are the biggest stimulus! If they can just get more and more people on food stamps then income will soar!

 

[Mr. Shaman]

As I recall the UE rate under Bush was about 5%. When it hit 7% the Dems were all screaming what a failure he was. Under Obama it has yet to reach 7% and the Dems are assuring us Obama has the right policies.
The Left is a bunch of idiots.

January 13, 2008

"U.S. Economy Screwed"​

"The recession-deniers were muzzled by a horrendous last two weeks of December, and the gloom-and-doomers are now out in force.

Their key arguments:

* Plummeting housing will now drag down the rest of the economy.

* The "bad debt" problem is not just "sub-prime" folks who should never have have taken out mortgages in the first place. It includes credit card debt, "high quality" mortgages, car loans, and other leverage that have recently become a consumer way of life.

* Pressure on consumers is leading to a reduction in consumer spending (70% of economy), which, in turn, will lead to a reduction in spending by companies that sell stuff to consumers.

* The question now is not "will there be a recession?" but "how bad will it get?"

* The most optimistic forecasts in a NYT gloom-and-doom round-up are for three crappy quarters, regardless of what the Fed does. Less optimistic forecasts suggest that we are, well, screwed.

After blowing the last downturn, we've been worried this one since last summer. We also suspect that, given the importance of housing to the economy and debt to consumer spending, the recession will be deeper and more prolonged than people think."

​

 

[Mr. Shaman]

Democrats are convinced that the higher the unemployment rate the more prosperous the country.

Food stamps are the biggest stimulus! If they can just get more and more people on food stamps then income will soar!

Bobby Jindahl doesn't sign food-stamps......


[ame=http://www.youtube.com/watch?v=w894xqReOdo]Rachel Maddow Exposes Republican Hypocrisy For What It Is......BS.flv - YouTube[/ame]​

 

[Zuer]

Lose to whom? Where the offended rich go when their taxes rise? Mexico? The US is already the lowest-tax country in the developed world minus Monaco and some offshores. Both in terms of governmental revenue as a share of GDP and in terms of personal income tax brackets the US is a low-tax country. Europeans and Canadians charge their rich far more and apparently there is no drain of rich people to the US or, say, the low-tax Russia (13% flat). Except for Gerard Depardieu who apparently moved from France to Belgium, but Belgium has 50% top bracket. Obama is asking for 39.

 

[candycorn]

Abraham Lincoln said it best!:

1)You cannot help the poor by destroying the rich

2) You can't strengthen the weak by weakening the strong

3) You can't bring about prosperity by discouraging thrift

4) You can't lift the wage earner up by pulling the wage payer down

5) You can't (promote) the brotherhood of many by inciting class hatred

6) You can't build character and courage by taking away a mans initiative and independence

7) You can't help men permanently by doing for them what they could and should do for themselves


These are the principles we must all remember when heading to the polls in november, and in the next presidential election.

The liberal/progressive agenda will destroy the very foundation of this country. That agenda must be attacked and destroyed.

How'd it go?

 

[JakeStarkey]

Well, the extreme left and extreme right are both very stupid, are they not?

 

[JoeB131]

Keep in mind that wealthy people represent the dynamic force in our economy, starting businesses, expanding existing businesses or investing in new or starting companies. That they want to take their marbles and leave is a bad sign for us.
All you "don't let the screen door hit you where the good Lord split you" liberal class warriors can just STFU now.

And go where? Most of the industrialized world, a 39% tax rate would be considered a blessing.

I guess they can go to France where the rich pay 75% taxes.

Idiot.
Switzerland. Singapore. Heck, Russia. Just read the papers.

Really? Russia?

You mean the place where they have a history of murdering their rich people when they get tired of their bullshit?

Moscow Russia | Kidnapping | Crime | Viktoria Teslyuk

Investigators believe they found Teslyuk’s body this week as the warm spring weather melted winter’s snow. The victim suffered multiple stab wounds and a head injury. Investigators are awaiting final confirmation of the woman's identity.

Normally, the case would be lumped with the hundreds of other murders that happen in Moscow each year. In 2010, 582 murder cases were opened in Moscow alone, according to the prosecutor general’s investigative committee.

But Teslyuk’s case has stood out because she is the daughter of Robert Teslyuk, a top executive at Lukoil, Russia’s biggest privately owned oil company. Within days of her disappearance, the company issued a press release seeking information on her whereabouts.

Teslyuk’s disappearance came about the same time as another high-profile kidnapping, heightening fears that business-driven disputes, tempered after the wild 1990s, were returning full force.

With investigators still searching for Teslyuk, or her body, in late April, the son of another high-profile businessman went missing. Ivan Kaspersky, 20, was snatched on his way to work on April 19

yeah. Russia. That' the ticket. Our Rich people really totally need to go there instead of paying that whopping extra 4% in tax.

 

[The Rabbi]

And go where? Most of the industrialized world, a 39% tax rate would be considered a blessing.

I guess they can go to France where the rich pay 75% taxes.

Idiot.
Switzerland. Singapore. Heck, Russia. Just read the papers.

Really? Russia?

You mean the place where they have a history of murdering their rich people when they get tired of their bullshit?

Moscow Russia | Kidnapping | Crime | Viktoria Teslyuk

Investigators believe they found Teslyuk’s body this week as the warm spring weather melted winter’s snow. The victim suffered multiple stab wounds and a head injury. Investigators are awaiting final confirmation of the woman's identity.

Normally, the case would be lumped with the hundreds of other murders that happen in Moscow each year. In 2010, 582 murder cases were opened in Moscow alone, according to the prosecutor general’s investigative committee.

But Teslyuk’s case has stood out because she is the daughter of Robert Teslyuk, a top executive at Lukoil, Russia’s biggest privately owned oil company. Within days of her disappearance, the company issued a press release seeking information on her whereabouts.

Teslyuk’s disappearance came about the same time as another high-profile kidnapping, heightening fears that business-driven disputes, tempered after the wild 1990s, were returning full force.

With investigators still searching for Teslyuk, or her body, in late April, the son of another high-profile businessman went missing. Ivan Kaspersky, 20, was snatched on his way to work on April 19

yeah. Russia. That' the ticket. Our Rich people really totally need to go there instead of paying that whopping extra 4% in tax.

Worked for Gerard Depardieu.
The rest of your ranting is irrelevant. Much as you are.

 

[LeftofLeft]

JH, That is trickle down shit and it has never worked in the past so why do you think it would work now?

Forget about trickle down, what about a rising tide? Either one works better than redistribution. Redistribution only serves to entrench a select elite and kill upward mobility.

 

[editec]

Taxes are the cost of doing business in a civil society.

 

[bripat9643]

Taxes are the cost of doing business in a civil society.

They are actually about 20 times the cost of doing business in a civil society.

 

[bripat9643]

Taxes are the cost of doing business in a civil society.

They are actually about 20 times the cost of doing business in a civil society.

Prove it...

they are currently 20 times greater than the government formerly took.

The only government functions required for doing business are the police, the courts and the military. The military required would be less than half its current size.