Obama: Raise Taxes on Wealthiest

Could it be possible that a bit of them are starting to see the light. Maybe they have been missing some of Obama's speeches!

 

No, of course they didn't. Earning requires a commensurate contribution to production, which very few of the wealthy have ever made.

 

Idiocy.

That's just a lie. The rich are mostly greedy, idle, privileged parasites, and dependent on government for the privileges that enable them to get rapidly richer without making any commensurate contribution to production.

Right: from the productive to the rich and privileged.

 

Yup. Raising taxes is OBVIOUSLY the answer to an economic recovery. Of course charging people more money is going to make them want to spend their dollars which stimulates the economy.

/sarcasm

Lets say that all business was performed like the stock market.

Right now, the market is slow, meaning many people aren't trading.

Government is in a hole.

What kind of idiot thinks that if you increase the tax on trading, that people will say "Its a great time to buy! Risk is higher, and value is low!"?

Even if those taxes paid on the trade may offer you some minimal return in terms of goods or services, its always going to be less than what you could earn for yourself if allowed to you money.

I simply can't understand how people can be so dense as to claim that the answer to the deficit is to raise taxes in a slow economy.

 

WRONG....it's True.... But what *******s like you dont understand is there is an income tax and there are OTHER TAXES.

Social sexurity taxes for example. Those are supposed to be like a forced annuity ( look it up, i know you have no idea about PERSONAL finances so just look it up).

 

Correct. The dense are the ones that can't see, or in a lot of their cases, refuse to see it, that you have to cut tax breaks to the rich in a lousy economy.

 

pure class warfare b.s. like always.

 

Thats some of that keynesian economics stuff, inst it? Is that supposed to make the economy better or is it punishment for the lousy economy?

 

It's a funny kind of class warfare where the only class that is ever accused of waging it is also the only class that ever takes any casualties....

“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” -- Warren Buffett

Now, whom are we going to believe about what the rich are thinking and doing about class warfare, hmmmmm? You, or Warren Buffett?

Decisions, decisions...

 

I've decided to use that one for my signature, if you don't mind.

Warren said a few days ago he could fix the problem. You know they'll never give him a shot at it.

 

Aw shucks, raise taxes on the rich is classic class warfare at work. He had been busy raising taxes on everyone. His spending machine is a hungry beast.

 

Except that when we cut taxes on the rich, job growth slowed to almost a standstill. We cut taxes (and regulations) on the rich again, and they got greedy and tanked the economy. We cut taxes on them again, and the economy stayed lousy and they got even richer while the middle class evaporated.

See a pattern here?

 

Yeah, Bill Gates is justing waiting around for a tax cut before he buys that next CD player. Otherwise he can't afford it.

Tax rates have no influence -- ZERO -- on the spending of the top 1%. Many make more money on interest in a month than they can spend in a lifetime.

The delusional ********** meme that the superwealthy need incentives to buy things shows just how intellectually bankrupt conservatism is.

 

You dont have a clue. Nobody is worried about the rich not spending their money but instead that they wont invest and put at risk their money in new business ventures.

 

Anyone who actually believes this argument is as thick as they sound.

There is little to no investment in the economy and/or jobs...BECAUSE THERE IS DECLINING DEMAND!!!

Lord T'underin'...it doesn't really hurt that much to actually think...does it?

 

Yeah, I see a pattern. A pattern where a bunch of dumbass uneducated Americans can't get a good paying job in a high tech economy that requires a skill set and work ethic that goes beyond the bare minimum just to get by and liberal enablers who claim that the barest minimum of effort is all that should be necessary to live a middle class lifestyle and wanting to take from those who put maximum effort in to subsidize those who put in minimum effort.

 

Oh do get a grip.
You harp and whine this tune on a daily basis.

"I work hard and Liberals don't!"

Gawd what a crock!
Tell ya what Big Guy...lets gather about 100 of those lazy free-loaders who lost their jobs due to the brilliance of waging 2 wars and cutting taxes at the same time, not to mention the regulations holiday, and you can explain to these people and their families how its all their fault for being LAZY.

I'll have an ambulance waiting outside...just in case, don't ya know...

 

And one of the ways to boost demand has historically been to increase government works, keeping the middle class viable, and able to consume products.

If the middle class continues to evaporate, no amount of tax cutting to anyone will solve the problems we face today.

So raise taxes on the rich, and increase government infrastructure spending that this country desperately needs.

The reason that the stimulus that Obama passed at the outset had minimal effect, basically it just kept a lid on unemployment, and kept if from escalating to 15-20% is that the Middle Class has been under a constant assault by the Conservatives of America for the last 30-40 years.

The sad thing is that many middle class folks, call them Reagan Democrats signed their own Class Death Warrant by voting for him.

Class Warfare started with Reagan and has been supported by just about every administration since, including Clinton and Obama.

Stop free trade, start taxing the wealthy who benefit from whoring out American jobs and spend that money to boost American infrastructure.

 

Et Voila...a reasonable and proven solution.

 

Yes, I see a pattern of LIBERAL LIES.
The mortgage meltdown was orchestrated by congressional democrats, chiefly Chris "Countrywide" Dodd and Frank, at the behest of advocacy groups and unions including -ACORN and SEIU- for the purpose of pandering to them for campaign donations......
Bush tried to stop it, when he warned of the coming fiasco of Freddie/Fannie:

[ame="http://www.youtube.com/watch?v=cMnSp4qEXNM&NR;=1"]Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown - YouTube[/ame]

The dem party routinely sells out America for campaign donations.
That is the bottom line.

Stop with the dishonesty, Hanzou.

 

???? Nobody claimed it was the only factor that had an effect upon investment. it doesn't really hurt that much to actually think about what you read. Or were you just dashing for a strawman?

 

That's a constant lie that Conservatives like to pander, but the reality is something else.

Lobbyists from the Investment Bankers, and Credit Rating agencies did quite a bit to keep enough people on both sides of the aisle on the sidelines while they raked in billions of profits.

Congress is at fault, without a doubt. Has the Glass-Steagall act never been repealed, a good deal of the meltdown never would have happened. Thank the republicans for this fiasco. Frank and Dodd could have acted sooner true. But even better yet would have been never deregulating the Banking Industry in the first place.

And the current Frank-Dodd bill is so watered down as to be worthless.

Republicans are just as guilty for this mess, so stop trying to make it be one side or the other's fault. Both sides went with greed rather than common sense.

 

you probably need to do a combination of both in order to get it done.

 

Bull crap. Frank himself admitted what he did was wrong.

The dems will sell us out every time for campaign donations from big business.

 

We completely lack any sense of fairness or justice in our taxation system as it exists today. I've said it a thousand times, but once more, briefly:

We must:

1. Completely re-write the U. S. Tax Code to eliminate all loopholes, shelters, exemptions, exceptions, deferred interest, "carve-outs", etc.

2. Let all special tax breaks for anybody and everybody expire, including those put in place by ex-Prez. Bush.

3. No more bailouts or "rescues" for ANYBODY! Henceforth, let the failures FAIL, no matter who they are, no matter whether or not some bunch of talking-head bureaucrats have been paid to sing the "Too Big To Fail" song....

No matter what we do, unless we incorporate these three axioms into the foundation of our economic methodology now, all we've done is "kick the can" yet again and the effort will fail again.