Thread: Stop Coddling the super Rich

Originally Posted by michael h

After exporting jobs,GDP, and government revenue ... it is no longer an option. Spending must be cut. It just doesn't sit well to see social security and medicaid get hit to fund corporate profits and war.

I assume you mean illegal or unncesary wars, not just war. Or do you put social programs as a higher priority than securing the country against invasion? Also, funding corporate profits (whatever that is) is a strawman. Its not an either or. Conservatives would cut both 'funding corporate profits' and social programs before raising taxes.

Originally Posted by jviehe

I assume you mean illegal or unncesary wars, not just war. Or do you put social programs as a higher priority than securing the country against invasion? Also, funding corporate profits (whatever that is) is a strawman. Its not an either or. Conservatives would cut both 'funding corporate profits' and social programs before raising taxes.

Securing the country against the invasion of boogeymen over social programs? strawman ... 868 billion worth of strawman. Exporting jobs to increase corporate profits through access to cheap labor, without tariffs, is US trade policy and legislation that benefits a few at the expense of many ... that being the unemployed, GDP, and government revenues.

Raising taxes would be unnecessary if we had not exported jobs.

Originally Posted by michael h

Decreased taxes as policy has a purpose ... supply side economics. If it yields no benefit ... raise the taxes.

Oh raise taxes just for the pure hell of it? We don't pay our political leaders to bend us over.

"The economy went into recession because of the housing collapse which was tied to and caused the implosion of the financial markets"

Yawn.
Credit Suisse, G-S, JP Morgan, Wells-Fargo, etc, etc, etc were artificially upgrading failing Bonds and pushing stocks that had no underlying value.
The SEC knew this and didn't give a sh!t.
Two DOJ agents have been fired by Obama for starting an investigation on G-S.

How many investment firms spent any of that commission money on auditors to make sure they weren't selling ghosts?
And if this above explanation is good enough to be given by Lou Dobbs then it's good enough for me.

3% of a market doesn't crash a market and I'm fed up with hearing and seeing this bullsh!t sound-byte.

Our economy was driven into faux overdrive by bipartisan contributors and their lackey Reps.

“Read my lips, no new taxes,”

I love when people play games with semantics.
No New Taxes DOES NOT EQUAL I Will Not Raise Taxes.

"The Factory of Selective Moral Outrage, by Victor Davis Hanson"
Let's buy a copy for each of the 30+ million under or unemployed.

Every author has an agenda or their book wouldn't be published.
There's nothing wrong with stating a book represents a point of view.
Otherwise, one sounds like Al Gore when he states that Global Is a Fact and That's That!

People go into business to make money.
People supposedly vote for Reps to maintain the health and security of the nation.

The President signs legislation to send millions of jobs overseas.
Congress signs legislation to bring millions of jobs to the US which floods our job market.

There are many more poor and middle-class people who vote and yet the legislation seems to give advantage to the few who contribute massive amounts to campaigns.

Businesses are doing what's best for the Directors, CEOs and investors.
Our Reps are doing what's best for the Directors, CEOs and investors.
It appears as though some mechanism is out of balance.

Originally Posted by Invisible-Bob

Oh raise taxes just for the pure hell of it? We don't pay our political leaders to bend us over.

Our leaders have bent us over Bob. With the loss of revenues through government legislation and no recovery in sight ... what other options have they given us? Reduce spending while funding war.

Rasie taxes just for hell of it?
Send all of our jobs overseas just for the hell of it?

Why, yes to both!

Originally Posted by daddio

OK. Point remains the same. And why limit it to those earning an income ? Do the rest not enjoy the benefits of being American ?

Seriously? You don't see why taxes should be limited to those who actually have money?


NOTE: That's not a reference to the rich. In order to pay taxes, one has to have money. It's very simple.

Originally Posted by daddio

The Oracle of Omaha is free at ANY TIME to write a check to the USofA for any amount he so chooses. If he wishes to pay more, there is nothing stopping him.

I would we prefer we stop coddling the 50% who pay no taxes.

And for those people who think SPENDING is the problem, they are free to opt out of collecting social security, unemployment and medicare. They're also free to stop collecting government subsidies - farms, energy, education, etc.

A "voluntary" tax system which is what you are suggesting above doesn't work and Warren Buffet has already pointed this out.

What he IS pointing out is the preposterous claim that taxing the rich penalizes them and therefore they won't feel like creating jobs.

Originally Posted by jviehe

So whats Buffets fair share? 7 million sure sounds likes hes paying enough. Is he getting more for his 7 million than someone paying 7 thousand?

Yes. He gets to have the kind of income that would require him to pay 7 million in taxes. You don't see that as a benefit?

Originally Posted by jviehe

Thanks for proving my point. From your link:

Housing market caused the crisis.

ahoy Jviehe,

errrmm...no matey. it was a bubble, and it happened to be a housin' bubble...but it coulda been any kinda 'o bubble.

it was them willfully mis-priced assets and the derivatives market gone amuck, awash in skullduggery...and a total collapse 'o any kinda meaningful government o'ersight, bought to ye by the Clinton administration and the GOP congress that acted in collusion with'm in the catastrophic Grahmn - Leach - Biley Act.

i know ye know that, so why are ye actin' so dishonest here, mate?

- MeadHallPirate