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Thread: White House Tax Plan Would Ask More of Millionaires

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by TheNextEra View Post
    So conservatives want to cut spending. Ok, from where? If you cut into welfare or cut entire government agencies like education you will put more people on the street and unemployed. So you solve the deficit and skyrocket homelessness and unemployment as well as create a revenue problem possibly increasing the deficit that way. I thought conservatives were griping that Obama had a high unemoyment rate and their solution is to raise that.

    We need revenue from some place to fund a job training program to put people back to work.
    Love your answer. So you can think of no place to reduce federal govt expenditures?
    - reduce aid to other countries.
    - look for efficiencies in on federal agencies, eliminate duplications, consolidate where possible.
    - as people retire from the federal workforce, really look at if the position needs to be filled. (hence no addition to unemployment)
    See there are ways. How come the otherside is so fixed on revenue with little talk about reductions?
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by haymarket View Post
    I am in a long line of husbands who implore their spouse to adjust their spending only to be told that I need to make more money.
    Lucky for me I'm not. Mine is very fiscal responsible. One reason we were debt free 10 years before retiring.
    Need to make more money but continue to spend is crazy
    Have more money, other expenditures can be looked at. just saying.
    "I can explain it to you but, I can't understand it for you"

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by haymarket View Post
    It is interesting and telling that the right is obsessed with only one side of the ledger. One of the first things anyone learns about a budget is that there are two sides INCOME and EXPENDITURES. The right only wants to look at EXPENDITURES and refuses to consider the INCOME side.

    The budgetary problems of the USA will only be solved when both sides are dealt with.

    And I never thought I would live long enough to see that sort of basic denial with reality due to extremist political ideology.
    There is nothing even remotely true about what you are saying. Have you even looked at any of the budget plans introduced by the right?

    Maybe you don't truly understand how budgets work, but if you are over spending you can reduce spending without increasing income to cover the problem. I don't think it is any big seceret that our tax money is being spent in a lot of places that are completely unecessary. Before working out the income side of the budget, it makes more sense to work on the spending side to find out what all can be reduced, and then worry about how much income needs to be made.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Smokified View Post
    There is nothing even remotely true about what you are saying. Have you even looked at any of the budget plans introduced by the right?

    Maybe you don't truly understand how budgets work, but if you are over spending you can reduce spending without increasing income to cover the problem. I don't think it is any big seceret that our tax money is being spent in a lot of places that are completely unecessary. Before working out the income side of the budget, it makes more sense to work on the spending side to find out what all can be reduced, and then worry about how much income needs to be made.
    NO. I think it is more sensible to look at BOTH sides of the ledger. Yes, I would agree that we can cut some spending. And I also maintain that taxes are too low for many. Both of those factors are hurting the over budget bottom line and both sides of that ledger contribute to it. To pretend that one side is sacred and cannot be touched while the other side is unclean and needs to be purified and cleansed is an ideological leap of faith and not dealing in hard and cold economic realities.
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Smokified View Post
    There is nothing even remotely true about what you are saying. Have you even looked at any of the budget plans introduced by the right?

    Maybe you don't truly understand how budgets work, but if you are over spending you can reduce spending without increasing income to cover the problem. I don't think it is any big seceret that our tax money is being spent in a lot of places that are completely unecessary. Before working out the income side of the budget, it makes more sense to work on the spending side to find out what all can be reduced, and then worry about how much income needs to be made.
    Republicans have offered no plans to cut our most wasteful spending, the military-industrial complex and our unfunded optional ME wars.
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by haymarket View Post
    NO. I think it is more sensible to look at BOTH sides of the ledger. Yes, I would agree that we can cut some spending. And I also maintain that taxes are too low for many. Both of those factors are hurting the over budget bottom line and both sides of that ledger contribute to it. To pretend that one side is sacred and cannot be touched while the other side is unclean and needs to be purified and cleansed is an ideological leap of faith and not dealing in hard and cold economic realities.
    So please explain how we are going to determine how much money we need to bring in before we determine how much we really need to spend.

    Nobody is pretending anything is sacred, there are just some people that understand how to budget and some poeple that don't. It is very obvious what side of tihis fence you are on.

    I don't understand how any tax payer would be all in for raising taxes without actually knowing how much of their money is being wasted on expenditures that are completely unecessary. Wouldn't it be more ideal if we could reduce a lot of our budget problems without having to increase the general cost of living for everyone else?

    Your plan makes no sense when applied to reality.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Smokified View Post
    So please explain how we are going to determine how much money we need to bring in before we determine how much we really need to spend.

    Nobody is pretending anything is sacred, there are just some people that understand how to budget and some poeple that don't. It is very obvious what side of tihis fence you are on.

    I don't understand how any tax payer would be all in for raising taxes without actually knowing how much of their money is being wasted on expenditures that are completely unecessary. Wouldn't it be more ideal if we could reduce a lot of our budget problems without having to increase the general cost of living for everyone else?

    Your plan makes no sense when applied to reality.
    My job during college was to do the night audit on a hotel budget which had over 100 rooms and four restaurants and clubs as well as other departments. I know how to balance a budget and know both sides of an accounting ledger as well as most. Please do not pretend to know my abilities or slander my abilities simply because I disagree with your beliefs.

    For you or anyone to make a statement like my wanting to look at BOTH sides of the ledger is NOT REALITY, is a perfect and vivid illustration of the absolute bankrupt nature of current political discourse due to the willful imposition of extremist beliefs systems adopted by the far right and their poisoning the the political environment.
    Last edited by haymarket; 09-29-11 at 03:32 PM.
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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Catawba View Post
    Republicans have offered no plans to cut our most wasteful spending, the military-industrial complex and our unfunded optional ME wars.
    Educate yourself before you vote, please.

    For starters....

    Republicans passed a $1.2 trillion dollar budget for the remainder of fiscal year 2011 at 4:39 a.m. Saturday, after having debated scores of amendments the last week, often late into the night.

    The bill passed in a 235-189 party line vote. Three Republicans voted against and no Democrats voted for the bill, which would cut $62 billion in non-defense discretionary spending compared to the budget bill that the government is currently operating under.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by haymarket View Post
    My job during college was to do the night audit on a hotel budget which had over 100 rooms and four restaurants and clubs as well as other departments. I know how to balance a budget and know both sides of an accounting ledger as well as most. Please do not pretend to know my abilities or slander my abilities simply because I disagree with your beliefs.

    For you or anyone to make a statement like my wanting to look at BOTH sides of the ledger is NOT REALITY, is a perfect and vivid illustration of the absolute bankrupt nature of current political discourse due to the willful imposition of extremist beliefs systems adopted by the far right and their poisoning the the political environment.
    I am not pretending I know anything about your abilities, I am using the information that you are providing me to determine that maybe you don't know as much as you think you do. I even asked you to explain how your method works, why are you dodging?

    Determine the bills, then determine the income. It does not work in reverse.
    Last edited by Smokified; 09-29-11 at 03:40 PM.

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    Re: White House Tax Plan Would Ask More of Millionaires

    Quote Originally Posted by Smokified View Post
    So please explain how we are going to determine how much money we need to bring in before we determine how much we really need to spend.

    Nobody is pretending anything is sacred, there are just some people that understand how to budget and some poeple that don't. It is very obvious what side of tihis fence you are on.

    I don't understand how any tax payer would be all in for raising taxes without actually knowing how much of their money is being wasted on expenditures that are completely unecessary. Wouldn't it be more ideal if we could reduce a lot of our budget problems without having to increase the general cost of living for everyone else?

    Your plan makes no sense when applied to reality.
    This is what budget analysts do. While it's possible, in theory, to cut spending to the level where current revenues would be sufficient, the reality is that most Americans would not be happy with that level of spending. Most Americans want Social Security, Medicare, safety net programs, a strong national defense, decent schools, and reliable infrastructure. The tax structure we have now cannot support all of those things, even if they are pared down.

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