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Thread: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

  1. #351
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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Free For All View Post
    Though, you are saying that the rich need to be taxed for the governments out of control spending problem.
    You keep changing what I say. Over the last 30 years, we have, at the same time, spent too much AND cut revenues through tax breaks for the rich too much. To adequately address our debt will take 30 years of the reverse, spending less AND increasing revenue by eliminating the tax breaks for the rich.

    The first that should be eliminated are the tax breaks for outsourcing American Jobs. Do you support tax breaks for outsourcing American jobs?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by FilmFestGuy View Post
    If you base it on the two criteria I mentioned (size of family - i.e. a family of 9 won't have the same needs as a family of 4) and home value, you can find a moment where the price of the home goes beyond necessity and into luxury.

    For instance, I don't know anyone who could argue that a $5 million home is all "necessary". Let the "necessary" part (we can argue where that point is) be deductible and the "luxury" part not be. Again, I think if this is based on family size (and I would likely add geographic region because of obvious variance), we could come up with something that would be agreeable.

    And because it came up as I was typing this: farwell to Joe Frazier.
    A couple of things about this, and believe me, I don't argue this from a standpoint of being anywhere near that level of lifestyle, but,

    1. Who is to decide what is 'Luxury' and what isn't.
    2. What do you suppose an added tax on 'Luxury' items would do to that part of the industry in these times.
    3. How is this singling out of one part of say homes, or boats, or jets or whatever, not jealousy based.

    We saw what happens, and the unintended consequences of this sort of thing when the makers of 'Luxury' items like boats were hit in the 90s with an added tax. It put the middle class workers that built those items out of work and did little to effect the wealthy, and harmed the industry that built these things. Is that what we want to do?

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Catawba View Post
    You keep changing what I say. Over the last 30 years, we have, at the same time, spent too much AND cut revenues through tax breaks for the rich too much. To adequately address our debt will take 30 years of the reverse, spending less AND increasing revenue by eliminating the tax breaks for the rich.

    30 years is too long. We need things to begin to happen in upward gains immediately. How about the people that are not paying anything? Should they participate, or should someone pay for them based on their success in this country? And what do you suppose that would do to the drive toward success?

    The first that should be eliminated are the tax breaks for outsourcing American Jobs. Do you support tax breaks for outsourcing American jobs?
    Would you then agree that along with ending those breaks that look damaging, should also be accompanied with a lowering of the Corp. tax rates to encourage repatriating that money, jobs, and business back to our country?


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  4. #354
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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Catawba View Post
    If we end our optional wars and cut military spending in half, that is trillions more over 30 years. Together, they could retire our national debt.
    Please provide supporting calculations for this global claim.

    Further it is impossible to reture our national debt under the current monitary 'arrangement'. Our currency is based on this debt (BUT I DON'T THINK WE SHOULD TO GO DOWN THAT ROAD ON THIS THREAD).

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by j-mac View Post
    A couple of things about this, and believe me, I don't argue this from a standpoint of being anywhere near that level of lifestyle, but,

    1. Who is to decide what is 'Luxury' and what isn't.
    2. What do you suppose an added tax on 'Luxury' items would do to that part of the industry in these times.
    3. How is this singling out of one part of say homes, or boats, or jets or whatever, not jealousy based.

    We saw what happens, and the unintended consequences of this sort of thing when the makers of 'Luxury' items like boats were hit in the 90s with an added tax. It put the middle class workers that built those items out of work and did little to effect the wealthy, and harmed the industry that built these things. Is that what we want to do?

    j-mac
    That "Law of unintended consequences" reared its head again when those of a particular political bent figured it was a good idea for everyone to own a home, regardless of their income levels, and forced the banks to comply. Reality always trumps political philosophies.

  6. #356
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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Grant View Post
    There are plenty of jobs to be had in the United States, and even the Mexicans know that. There are plenty of Blue Collar jobs available but too many young people are taking political science courses and the like rather than learning a trade like an electrician, carpenter or plumber. Those participating in the riots apparently don't get this.
    Oh sure, McDonalds and Burger King are always in need of employees, and I'm sure you've already figured in their gasoline, baby-sitter, mortgage payments, and other expenses associated with most families, and McDonalds and Burger King will be most obliged to pay them enough to cover them. And, there are no riots, cons want to paint OWS as such, but FYI, OWS is made up of Dems, Reps, Inds, and Libertarians, so you may want to rethink your insults.

    And did you know you can by shares in many corporations? Perhaps you can be one of those rich guys too.
    Oh, I'm sure you've invested all your money in those shares, hoping that you will be a billionaire soon, I have better sense. I have investments, and am pretty well set, but that hasn't turned me into a greedy brainwashed person who thinks helping the rich is more rewarding than helping the poor.



    "I have been thinking that I would make a proposition to my Republican friends... that if they will stop telling lies about the Democrats, we will stop telling the truth about them."
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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Grant View Post
    That "Law of unintended consequences" reared its head again when those of a particular political bent figured it was a good idea for everyone to own a home, regardless of their income levels, and forced the banks to comply. Reality always trumps political philosophies.
    Could that political bent be Republican, cheered on by their illustrious leader?

    George W. Bush:
    "And part of economic security is owning your own home. Part of being a secure America is to encourage homeownership, so somebody can say, "This is my home. Welcome to my home."
    Now, we've got a problem here in America that we have to address. Too many American families, too many minorities do not own a home. There is a homeownership gap in America."


    Read more at the American Presidency Project:
    www.presidency.ucsb.eduGeorge W. Bush: Remarks at St. Paul AME Church in Atlanta, Georgia

    Truth
    has a way of biting one on the butt, you may want to rephrase your statement, now that you know who started it.







    "I have been thinking that I would make a proposition to my Republican friends... that if they will stop telling lies about the Democrats, we will stop telling the truth about them."
    --Adlai Stevenson, Politician





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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by haymarket View Post
    You badly need to keep up. This incredibly stupid and asinine ENVY charge has been smashed and trashed, crushed and flushed so many times that the idea than any right wing apologist who still clings to the fiction is about as relevant as the hula hoop.

    Wall Street Isn't Winning It's Cheating | Matt Taibbi | Rolling Stone



    Open up you mind, read and learn.


    Read more: Wall Street Isn't Winning It's Cheating | Matt Taibbi | Rolling Stone
    It's confounding - Faux New's millionaires feed this crap to their viewers, tell them that Libs (who just happen to be the richest in America) are envious of the rich (themselves) and the mentally deficient buy it hook, line and sinker. They repeat the asinine statements they have been led to believe and think that the rest of us are going to believe it too, too funny!



    "I have been thinking that I would make a proposition to my Republican friends... that if they will stop telling lies about the Democrats, we will stop telling the truth about them."
    --Adlai Stevenson, Politician





  9. #359
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    Quote Originally Posted by mertex View Post
    It's confounding - Faux New's millionaires feed this crap to their viewers, tell them that Libs (who just happen to be the richest in America) are envious of the rich (themselves) and the mentally deficient buy it hook, line and sinker. They repeat the asinine statements they have been led to believe and think that the rest of us are going to believe it too, too funny!
    Lotsa generalizations in that post. Think it's time to turn off the television altogether.

    Rewinding a post, was GWB the mind who came up with the subprime scheme?
    Last edited by Neomalthusian; 11-08-11 at 02:27 PM.

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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Neomalthusian View Post
    Lotsa generalizations in that post. Think it's time to turn off the television altogether.

    Rewinding a post, was GWB the mind who came up with the subprime scheme?

    Wiki:
    The last two years of his presidency were characterized by the worsening subprime mortgage crisis, which resulted in dramatic government intervention to bailout damaged financial institutions and a weakening economy.

    The ratio of lower-quality subprime mortgages originated rose from the historical 8% or lower range to approximately 20% from 2004-2006, with much higher ratios in some parts of the U.S.[1] A high percentage of these subprime mortgages, over 90% in 2006 for example, were adjustable-rate mortgages.



    "I have been thinking that I would make a proposition to my Republican friends... that if they will stop telling lies about the Democrats, we will stop telling the truth about them."
    --Adlai Stevenson, Politician





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