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Thread: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

  1. #131
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by Reg View Post
    No, there are no poor people in America. They get lots of goodies.

    no poor people in America, you sure you want to stand by that statement?

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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Get out and see the world, then tell me what "poor" is.

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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    if the 15.1% of people who fell below the poverty line in 2010 are not poor then what does that make a millionaire in America?

    p.s Basra Iraq, I have seen poor and parts of detriot didnt look much better!

  4. #134
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by TurtleDude View Post
    1) anyone who thinks the rich merely paying more taxes will decrease the deficit is loony given the politicians who need to keep spending to keep winning elections. as long as most people dont see paying more taxes as THEIR duty or their cost of more government they will continue to push for more spending

    2) I am waiting for you to explain what justifies someone who has done well having to pay more and more and more for absolutely no additional governmental benefits.

    saying they can 'afford' it or the voters can coerce them aren't answers I find morally or intellectually valid
    What he's really getting at is that, it's very likely right now, that all the Turtle Dudes in the U.S. are paying more, in a percentage of taxes, than all the Buffets and Gates.
    Now personally, I'm all for low tax rates, but the top end rich paying less than, the mid to low end rich, is not fair.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  5. #135
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by Reg View Post
    The government backed the paper of the garbage loans they made. Those loans were never made until government backed them.
    Because they trusted quantitative researchers at the nations largest financial institutions to price and rate these securities correctly. Unless of course you believe that is the governments job.

    Barney Frank and Chris Dodd were complicit in the Countrywide/FNMA debacle and should be in prison.
    Again. NO BANK WAS EVER FORCED TO MAKE A LOAN TO SOMEONE WHO THEY VIEWED AS A CREDIT RISK.

    I cannot say the same thing about the government (see CIT). They were kinda forced into lending into the system.
    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: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by Harry Guerrilla View Post
    What he's really getting at is that, it's very likely right now, that all the Turtle Dudes in the U.S. are paying more, in a percentage of taxes, than all the Buffets and Gates.
    Now personally, I'm all for low tax rates, but the top end rich paying less than, the mid to low end rich, is not fair.
    Exactly! lkj dlkjl;
    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: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by Goldenboy219 View Post
    Because they trusted quantitative researchers at the nations largest financial institutions to price and rate these securities correctly. Unless of course you believe that is the governments job.



    Again. NO BANK WAS EVER FORCED TO MAKE A LOAN TO SOMEONE WHO THEY VIEWED AS A CREDIT RISK.

    I cannot say the same thing about the government (see CIT). They were kinda forced into lending into the system.
    Yes they were. Entitlement crashed the housing market. They were ordered to look the other way when qualifying buyers and community organizers like Barack Hussein Obama were leading the throngs to bang down their doors and demand loans.

    The petulant little man-child is still doing that from the Oval Office.

  8. #138
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by Reg View Post
    Yes they were. Entitlement crashed the housing market. They were ordered to look the other way when qualifying buyers and community organizers like Barack Hussein Obama were leading the throngs to bang down their doors and demand loans.

    The petulant little man-child is still doing that from the Oval Office.
    you mean President Obama right?

  9. #139
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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by Goldenboy219 View Post
    Exactly! lkj dlkjl;
    I'd personally rather have the corporate income tax removed, put cap gains back under regular income tax rates and then design a program to encourage more low and middle income investment towards shares and bonds.
    Something like ID accounts, that match investments dollar for dollar, to a limit.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: N.Y. millionaire tax gets a push from poll, Occupy Wall St.

    Quote Originally Posted by TurtleDude View Post
    saying they can 'afford' it or the voters can coerce them aren't answers I find morally or intellectually valid
    There is little point in ushering in another economic downturn given how much we have already invested to prevent that very thing. Cutting spending as a means of "starving the beast" is not only irresponsible, but rather short sighted. I believe i have stated this before; the private sector is not ready to be the engine of growth.

    If we cut the federal budget to fit current revenue, we will go into a severe recession that was greater than what was felt in 2008/2009.

    Once the private sector once again becomes that engine, federal spending will subside and we should demand even greater spending reductions. Timing is the essence of life.
    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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