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White House Tax Plan Would Ask More of Millionaires

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Catawba said:
As usual, you have nothing whatsoever to back up your claim.
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and you think because a bunch of progressives, socialists and demotards wanted to buy the votes of the many by taxing the few constitutes our forefathers by all means do so. Its an idiotic claim.
 
Conservative said:
Because Wall Street isn't a scam even though there are some scammers on Wall Street. We have laws to protect investors, so enforce the laws and stop blaming everyone else. Nothing forces you to invest in Wall Street and if you do no one forces you to buy a particular investment so stop blaming everyone else for your failure and everyone else's that you want to blame Wall Street for. Where does personal responsibility lie in your world? If not capitalism, what?

Sorry but your daughter is an idiot because I doubt that she even knows what she is protesting. Instead of wasting her time there do some good and give all her money away so stop with the BS. What purpose does the protest do and just think how that protest is going to look on their resume.
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This is one of the problems I see with the internet
Sorry but your daughter is an idiot because I doubt that she even knows what she is protesting
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What you think of my daughter means nothing to me, that said I am sure that you and I would be having a very different conversation in person

I never said that "all" of Wall Street is scam, however anyone that knowingly participates in an action that causes the prices of life essential products to increase like oil speculators are bottom feeders, any one who supports bills that support the Chinese economy at the expence of American workers are bottom feeders, any one that participates or supports predatory lending is a bottom feeder, bottom feeders are people who know that their actions hurt others and do not care, they are more motivated by greed then by country.
 
Conservative said:
Why aren't you? What affect does raising the FIT have on state and local taxes? Total tax burden doesn't fund the Federal Govt.
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Can you ever respond to a post with an answer instead of questions?
 
winston53660 said:
Why don't you ever talk about the total tax burden?
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because the rich still pay a majority of all the total taxes combined. and they don't get any additional benefits for doing that
 
Conservative said:
I didn't support the bank bailouts but many of the problems started with the CRA and the belief that owning a home was a civil right. Do you have any outrage over Freddie and Fannie? Repeal of Glass Steagall didn't help either. Want to find out who signed CRA and the repeal? When are we getting our money out of Freddie and Fannie?
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Fannie and Freddie played a small part in the economic meltdown:

"More than 84 percent of the subprime mortgages came from private lending institutions in 2006 and the share of subprime loans insured by Fannie Mae and Freddie Mac decreased as the bubble got bigger (from a high of insuring 48 percent to insuring 24 percent of all subprime loans in 2006).[48] Despite conservative criticism for government lending programs as the main cause of the crisis,[49][50][51][52] much of the crisis was independent of government home loan programs.
Government policies and the subprime mortgage crisis - Wikipedia, the free encyclopedia

The Republicans pushed the repeal of the Glass Steagall act and Clinton signed it. I am for its reestablishment, are you?
So I guess you admit now that we did not have adequate regulation of the banking industry?
 
TurtleDude said:
because the rich still pay a majority of all the total taxes combined. and they don't get any additional benefits for doing that
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From what perspective TD?

In total more of the lower classes income goes towards taxes than the wealthy. Hence a higher tax burden on the lower classes or IOW could we say class warfare on the poor.
 
EarlzP said:
This is one of the problems I see with the internet What you think of my daughter means nothing to me, that said I am sure that you and I would be having a very different conversation in person

I never said that "all" of Wall Street is scam, however anyone that knowingly participates in an action that causes the prices of life essential products to increase like oil speculators are bottom feeders, any one who supports bills that support the Chinese economy at the expence of American workers are bottom feeders, any one that participates or supports predatory lending is a bottom feeder, bottom feeders are people who know that their actions hurt others and do not care, they are more motivated by greed then by country.
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Tell me what purpose it serves to have your daughter protesting Wall Street instead of doing her job taking care of the sick and truly helping the poor.
 
Conservative said:
I never get answers from you. Total tax burden has NOTHING TO DO WITH THE COST OF RUNNING THE FEDERAL GOVT.
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So you would have a higher tax burden on those that receive FEDERALLY run social welfare programs. Genius move there.
 
Conservative said:
Slightly higher?
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Yes, slightly higher compared to what taxes were on millionaires and billionaires in our past, and yet they still had the incentive to get rich, how could that be???
 
winston53660 said:
So you would have a higher tax burden on those that receive FEDERALLY run social welfare programs. Genius move there.
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That is pure speculation on your part and my bet is the state and local communities can run those programs better and if not the people of the state know where to go to get answers as to why not
 
Catawba said:
Yes, slightly higher compared to what taxes were on millionaires and billionaires in our past, and yet they still had the incentive to get rich, how could that be???
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Please stop making a fool of yourself, what were the loopholes in those higher tax rates thus the effective rate that the rich paid, higher or lower than now? I posted a chart showing tax revenue and of course you ignored it.
 
Conservative said:
That is pure speculation on your part and my bet is the state and local communities can run those programs better and if not the people of the state know where to go to get answers as to why not
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I'm talking about the here and now not your pipe dreams.
 
winston53660 said:
From what perspective TD?

In total more of the lower classes income goes towards taxes than the wealthy. Hence a higher tax burden on the lower classes or IOW could we say class warfare on the poor.
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You ignore several things that matter

1) what people use

2) what value they receive

3) the total dollars paid

and I reject your claims-there has never been conclusive proof and the stuff you have cited counts crap that cannot be accurately measured.
 
Catawba said:
Fannie and Freddie played a small part in the economic meltdown:

"More than 84 percent of the subprime mortgages came from private lending institutions in 2006 and the share of subprime loans insured by Fannie Mae and Freddie Mac decreased as the bubble got bigger (from a high of insuring 48 percent to insuring 24 percent of all subprime loans in 2006).[48] Despite conservative criticism for government lending programs as the main cause of the crisis,[49][50][51][52] much of the crisis was independent of government home loan programs.
Government policies and the subprime mortgage crisis - Wikipedia, the free encyclopedia

The Republicans pushed the repeal of the Glass Steagall act and Clinton signed it. I am for its reestablishment, are you?
So I guess you admit now that we did not have adequate regulation of the banking industry?
Click to expand...

Let's add Freddie and Fannie to the list of topics that you know nothing about. Where did those subprime loan bundles go? What we need is the govt to get out of the banking business period. Let the banks fail. NO bailouts for private business.
 
TurtleDude said:
You ignore several things that matter

1) what people use

2) what value they receive

3) the total dollars paid

and I reject your claims-there has never been conclusive proof and the stuff you have cited counts crap that cannot be accurately measured.
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Okay how are you going to quantify point number 1 ?

Good luck on that :lamo
 
winston53660 said:
I'm talking about the here and now not your pipe dreams.
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Your claim is pure speculation, period. How do you know what my burden would be for those Federal Programs at the state level. I prefer paying a local individual to administer social programs vs a bureaucrat in D.C.
 
Conservative said:
Let's add Freddie and Fannie to the list of topics that you know nothing about. Where did those subprime loan bundles go? What we need is the govt to get out of the banking business period. Let the banks fail. NO bailouts for private business.
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Hello great depression.
 
TurtleDude said:
and you think because a bunch of progressives, socialists and demotards wanted to buy the votes of the many by taxing the few constitutes our forefathers by all means do so. Its an idiotic claim.
Click to expand...

If you cannot make a post backed by evidence for your wacky opinions, could you at least attempt complete coherent sentences? Your poorly written posts make it very difficult to believe your constant claims that you are an attorney.
 
Jryan said:
Hello great depression.
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Keep buying the Govt. rhetoric. Some of the banks didn't even want the loans but were forced to take them. Chase and Wells Fargo for example. Those loans have been paid back, where did that money go when paid back to the Obama Administration? Was it used to retire the debt or used to blame Bush for the 2009 deficit?
 
winston53660 said:
Okay how are you going to quantify point number 1 ?

Good luck on that :lamo
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well we know one thing for sure

the 1 percent who pay 40% of the income taxes sure don't use anywhere near as much as the 90% who pay less than 40% of the income tax
 
Catawba said:
If you cannot make a post backed by evidence for your wacky opinions, could you at least attempt complete coherent sentences? Your poorly written posts make it very difficult to believe your constant claims that you are an attorney.
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YOur rants about the rich are pathetic

your constant demand that the rich pay more are based on a sickening combination of class envy and the erroneous assumption that the rich somehow don't deserve their wealth
 
Conservative said:
Your claim is pure speculation, period.
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Ahhh BS on your part. It ihas been demonstrated several times over by various people that the total tax burden is higher on the lower incomes. Yet ya just stick your head in the sand.:2wave:

How do you know what my burden would be for those Federal Programs at the state level. I prefer paying a local individual to administer social programs vs a bureaucrat in D.C.
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Again I'm talking the here and now not your made up imaginary fantasy land.
 
Seriously though Turtle, the no punctuation hurts my brain.
 
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