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

  1. #841
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    Re: Obama to propose $1.5 trillion in new tax revenue

    Quote Originally Posted by Born Free View Post
    Quote:
    Originally Posted by Born Free
    I'll answer, not all companies have the ability to move to foreign labor markets. Large corporations can but not many small business, but many of the small and mom and pop businesses outsource jobs right here at home to 20 million illegals.

    My post had two parts, I understand now you only referred to the last part, not the first.
    Yep. It was the only part I had anything to say about it.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by haymarket View Post
    Well said. The use of both terms is despicable and very revealing of the beliefs of that sort of far right wing mindset.
    So you think calling someone "The Boy Wonder" is racist?

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

    Quote Originally Posted by teamosil View Post
    I'm not sure what your concern is. Increasing capital gains are indeed good for those two reasons- it is more fair and it is good for the economy.
    Wait, can you explain?
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

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

    Quote Originally Posted by Boo Radley View Post
    Yep. It was the only part I had anything to say about it.
    Well then this was my reply;

    Quote:
    "I beg to differ, a shop owner that owns a dry cleaners in Nebraska or a coffee shop in PA, is going to go to what country to outsource what. Or how is a motel owner supposed to outsource to what country to do or save what?"
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

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

    Quote Originally Posted by Grant View Post
    So you think calling someone "The Boy Wonder" is racist?
    First of all, he didn't call him boy wonder he called him boy blunder.

    Secondly he said the two comments (that he was Kenyon and a boy blunder) were despicable. He didn't say they were racist.

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

    Quote Originally Posted by Born Free View Post
    Well then this was my reply;

    Quote:
    "I beg to differ, a shop owner that owns a dry cleaners in Nebraska or a coffee shop in PA, is going to go to what country to outsource what. Or how is a motel owner supposed to outsource to what country to do or save what?"
    Which has nothing to do with me agreeing that illegals are hiring by both small and large companies, or that I said this won't change becasue there is no will to change it, and we'll be discussing illegals a decade from now. I don't dispute that small companies don't outsource.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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

    Quote Originally Posted by Boo Radley View Post
    Which has nothing to do with me agreeing that illegals are hiring by both small and large companies, or that I said this won't change becasue there is no will to change it, and we'll be discussing illegals a decade from now. I don't dispute that small companies don't outsource.
    Understand
    Liberals - Punish the Successful, Reward the Unsuccessful
    Liberals - Tax, Borrow, Spend, and Give Free Stuff
    Obama's legacy - President Donald Trump

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

    Quote Originally Posted by Born Free View Post
    Wait, can you explain?
    Sure. It is more fair for obvious reasons. An investor that doesn't work that makes $50 million a year paying a lower tax rate than a person who is trying to support a family on $50k a year just strikes me as patently unfair. The investor making that $50 million a year is drawing a hell of a lot of benefit out of our society, I see no reason they shouldn't be paying their share to keep the society strong.

    As far as the economics, there are two main reasons that higher capital gains taxes are a big step forward. First and most importantly debt is bad. We have too much debt and making the investors pull their weight would help dramatically on that front. Secondly, there are tradeoffs. We need to decrease the deficit by an absolute minimum of say $900 billion a year. That money is going to come from somewhere. One way or another, it will have to come from either the pockets of the rich or the pockets of the middle class. The middle class having money is what drives consumer spending. The rich having money is what drives investment. So, economically, you want to adjust the amount of tax burden carried by each class to keep consumer spending and investment in balance. Both need to grow together or whatever growth occurs isn't sustainable. Right now we're at the end of a 30 year run of tweaking things to direct more and more money into the pockets of the rich. Reaganonmics. Up to a point it worked. We stimulated investment and that was good for the economy. But we went too far. Under Bush the median income for the entire nation actually fell while the average income for the top 1% quadrupiled. We were destroying consumer spending to create more investment capital,but that doesn't work in the end. Somewhere around Clinton's second round of tax cuts for the rich we crossed the line and while investment was strong, consumer spending started to fall apart. We got a bunch of companies with inflated stock prices and weak revenues- a bubble. So, now we need to tip the balance back a bit. Let our consumer spending build back up. We'll have a bit less investment dollars, but the consumer spending we gain will outweigh that

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

    Quote Originally Posted by pbrauer View Post
    It was conservatives of the time who wanted the status quo, it was the liberals who sought revolution.
    Yes, the names of things change over time. But then, you do know that don't you?
    Today's conservatives want a return to constitutionally limited government, as the founders, liberals in their day, devised it.
    So, are you claiming you want a return to constitutionally limited government? That was a radical, liberal idea then. How about now? Isn't today's liberal just another statist?

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

    Quote Originally Posted by pbrauer View Post
    It was the Wall Street gang who brought our economy to near collapse, just like in 1929.
    This is a prime example of why you so consistently fail.

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