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Thread: White House Tax Plan Would Ask More of Millionaires (Continued)

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post
    Freedom of Speech is what Williams just exercised and what you are ignoring. With Freedom of Speech comes consequences. What in the lyrics do you disagree with?
    Didn't William exercise his Freedom of Speech on Fox and Friends and suffer the consequences?


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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by pbrauer View Post
    Didn't William exercise his Freedom of Speech on Fox and Friends and suffer the consequences?
    People will always have consequences, good or bad, for what they say. In the liberal world however there are no such thing as consequences.

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post
    For someone your age you don't have a clue what the economy was like when Reagan took office but the 20 misery index and 17.5% interest rates
    Misery index and interest rates do not measure the severity of an economic downturn. To claim that they do shows great ignorance.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Goldenboy219 View Post
    Misery index and interest rates do not measure the severity of an economic downturn. To claim that they do shows great ignorance.
    Not officially but it does indicate the harm done to the American people and attitude plays a major role in the economic activity of the country. Were the working taxpayers of 81-82 better off then or during the 2007-2009 recession?

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post
    Not officially but it does indicate the harm done to the American people and attitude plays a major role in the economic activity of the country. Were the working taxpayers of 81-82 better off then or during the 2007-2009 recession?
    Of course they were (81-82). The working tax payers lost $15 trillion in wealth during 2007-2009. The only instances (on record) that compare are the Great Depression, the South Sea Bubble of 1720, and the Tulip Bubble of 1637.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Goldenboy219 View Post
    Of course they were (81-82). The working tax payers lost $15 trillion in wealth during 2007-2009. The only instances (on record) that compare are the Great Depression, the South Sea Bubble of 1720, and the Tulip Bubble of 1637.
    Most of the loss in the 2007-2009 recession was paper loss and much of that loss recovered. Cost of living was higher in 1981-82 due to the high interest rates and high inflation making the ero worse than today. If you didn't sell you lost nothing.

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post
    Most of the loss in the 2007-2009 recession was paper loss and much of that loss recovered. Cost of living was higher in 1981-82 due to the high interest rates and high inflation making the ero worse than today. If you didn't sell you lost nothing.
    The data says something entirely different.



    During the early 1980's



    During the financial crisis:

    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Goldenboy219 View Post
    The data says something entirely different.



    During the early 1980's



    During the financial crisis:

    And reality says that if you didn't sell your stocks in 2009 you are ahead today and have recovered most if not all that you lost. Further what you are showing is what happens with a leader in the WH vs someone who hasn't a clue. Reagan empowered the American people, Obama has empowered the Federal Govt. Which one motivates a private sector economy.

    Again the issue is misery index and who it affects, corporations or private individuals?

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    More Graphs:



    Early 1980's



    The financial crisis:

    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post
    Again the issue is misery index and who it affects, corporations or private individuals?
    This is non-corporate businesses! Do up you understand what it means when a slope is negative as opposed to positive?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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