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

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

    Quote Originally Posted by pbrauer View Post
    Conservative/libertarians think low wages make a thriving economy - it does just the opposite.
    Here is yet another example of why you consistently fail.
    Conservatives want market-driven wages. It is free market capitalism that has generated the greatest amount of wealth for the greatest number of people. It is not the government. It is not liberalism/socialism.

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

    Quote Originally Posted by Boo Radley View Post
    Obama is not a boy or a Kenyan.
    What does one call a male who has never grown up? Do you prefer man-child? How does one label an immature, petulant, arrogant, incompetent person?

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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.
    why don't you explain this in more detail.



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

    Quote Originally Posted by TheNextEra View Post
    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.
    feigned indignation is a common tactic of the far left



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

    Quote Originally Posted by Grant View Post
    It's a very quiet revolution talking place. Companies are leaving, as we all know, but so are people. More would probably leave if they could sell their homes, the main asset of most people. I spend a lot of time in Central America and the Europeans have been fleeing there for the past few years but now its Americans who are trying to escape and start a new life elsewhere.

    "You've got a Republic...if you can keep it", and apparently this generation is willing to put it all at risk.
    I left California when it was obvious that it had failed as a state.

    I have considered emigrating to other countries. But for now the fight is here.

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

    Quote Originally Posted by teamosil View Post
    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
    then stop spending so much even if it means your dem politicians cannot buy as many voters



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

    Quote Originally Posted by teamosil View Post
    The reality is that it pretty much does.
    Power was seized. Power always is. If we cannot reverse course there are a few options remaining before the ultimate option. We can amend the Constitution. If that fails...a sovereign people retains the right to cast off an oppressive government and to form a new one better suited to their needs and circumstance.
    Last edited by Misterveritis; 09-24-11 at 10:22 AM.

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

    Quote Originally Posted by Misterveritis View Post
    Power was seized. Power always is. If we cannot reverse course there are a few options remaining before the ultimate option. We can amend the Constitution. If that fails...a sovereign people retains the right to cast off an oppressive government and to for a new one better suited to their needs and circumstance.
    Oh wow.

    Jesus I almost thought you were talking for all 300 million Americans there...

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

    Quote Originally Posted by Jetboogieman View Post
    Oh wow.

    Jesus I almost thought you were talking for all 300 million Americans there...
    One need not call me Jesus.

    Successful revolutions require between 3-5% of the population actively engages with another roughly 1/6th to 1/4th of the populating passively supporting it. Do you believe all of King George's subjects were for the first American revolution?

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

    Quote Originally Posted by Misterveritis View Post
    What does one call a male who has never grown up? Do you prefer man-child? How does one label an immature, petulant, arrogant, incompetent person?
    Apparently you call him a Kenyan.


    Quote Originally Posted by Jetboogieman View Post
    This issue has been plowed more times than Paris Hilton.
    Quote Originally Posted by Oborosen View Post
    Too bad we have to observe human rights.

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