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Thread: Obama to propose $1.5 trillion in new tax revenue

  1. #181
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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by 1Perry View Post
    We can't come anywhere close to make up the deficit with tax increases. That isn't to say that there should be none, but it's going to be equal to wizzing in the ocean as far as addressing the deficit goes.
    the only thing we can do with the tax system to stop the massive spending is to make it far less popular for politicians to spend our (and our children's) money. How do we do that?

    certainly not by telling the masses that only the rich will pay more-that only encourages the masses to clamor for more goodies since they won't have to pay for them

    rather we need a tax where everyone pays more when the government raises taxes or spending. that won't allow politicians to buy the votes of the many with the wealth of the few and it WILL make more government spending far less popular



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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Smokified View Post
    It is ironic that your reaction to the situation is also the cause of it. People not caring what the government was up to is EXACTLY what got us here. Get un-blah and start taking responsibility.
    Thanks for skipping everything else.



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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by jasonxe View Post
    Thanks for skipping everything else.
    Everything else was just an excuse.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Smokified View Post
    Everything else was just an excuse.
    How is it an excuse?



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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by TurtleDude View Post
    the only thing we can do with the tax system to stop the massive spending is to make it far less popular for politicians to spend our (and our children's) money. How do we do that?
    Not give them any more. Then pass a Constitutional Adm on a balanced budget.

    certainly not by telling the masses that only the rich will pay more-that only encourages the masses to clamor for more goodies since they won't have to pay for them

    rather we need a tax where everyone pays more when the government raises taxes or spending. that won't allow politicians to buy the votes of the many with the wealth of the few and it WILL make more government spending far less popular
    The poor are paying a ton in inflation taxes right now. It's something that needs stopped and then maybe one could address if paying nothing is the right answer.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by teamosil View Post
    Well both raising taxes and cutting spending hurt employment and GDP in the short term. But we need to cut deficits, so we need to do one or the other or both. Trying to make up the whole thing just through spending cuts would hurt demand more. Trying to make up the whole thing with just tax hikes would hurt supply more. Right now we have too much supply relative to demand, so raising taxes on the top is the best of the bad options. Losing supply would hurt us less than losing demand since we are hurting more for demand than for supply.
    It sounds like you are implying that simply being more responsible with the money that we do have is not a realistic soltution on it's own. People already do not have enough money which is why spending is down. How is raising taxes going to even remotely have a positive effect on the core of the problem? As a matter of fact the taxes discussion is almost a pointless distraction from the real issue which is cost of living. When I bought my house 3 years ago I was living in a fairly decent comfort zone. I make more now but am able to afford less. This is the problem.
    Last edited by Smokified; 09-20-11 at 09:31 PM.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by 1Perry View Post
    Not give them any more. Then pass a Constitutional Adm on a balanced budget.



    The poor are paying a ton in inflation taxes right now. It's something that needs stopped and then maybe one could address if paying nothing is the right answer.
    that doesn't provide them the proper incentive to stop voting for the pushers who hand out the drug called entitlements



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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by jasonxe View Post
    How is it an excuse?
    Just simply stating that they are just going to do what they are just going to do and that is why you do not care, is the classic excuse.

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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Smokified View Post
    Just simply stating that they are just going to do what they are just going to do and that is why you do not care, is the classic excuse.
    Im blah to the bill and the political move it is. I'm not blah to what they're doing but more so angry that people are rejoicing over it when it's not going to change anything.
    Last edited by jasonxe; 09-20-11 at 09:37 PM.



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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by jasonxe View Post
    Im blah to the bill and the political move it is. I'm not blah to what they're doing but more so angry that people are rejoicing over it when it's not going to change anything.
    In that case I may have misunderstood your post.

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