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

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

    People who think government spending can't create jobs should ask Boeing about that.

    Or Lockheed-Martin.

    Or Halliburton...


    "Oh but that money came from citizens!"

    What's that? So what are those citizens supposed to do with that money? Oh... SPEND it. Creating demand. Weird, when you guys talk about "job creators" you always seem to forget about that demand side of the equation.

    Anyway. Government is different than the citizens. The government can borrow money at lower interest rates and in higher volumes than you can. During a recession when nobody is spending money and therefore no demand exists to justify job creation, the government can borrow the sum of money required to shore up some of that demand.
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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by apdst View Post
    I'm not talking about all millionaires/billionaires. I'm referring to the ones that think they don't pay enough taxes. They can easily increase their tax burden by taking fewer write offs. It begs the question: If they're so hip on paying more taxes, why aren't they taking fewer write offs?
    Whose to say they aren't?

    Quote Originally Posted by Thunder View Post
    err.....civil servants pay income and other taxes too.
    Quote Originally Posted by apdst View Post
    No they don't.
    Yeah, they do! My sister is a Civil Service insurance claims processor...files her federal tax returns every years same as everyone else.

    Quote Originally Posted by apdst View Post
    They get paid with tax dollars, then turn around and and give part of that back in the form of taxes. It's in no way a net profit for the government. Let's not act as if it is. It's nothing more than recycling money.

    The only way the government can see any kind of actual revenue, is when the private sector creates wealth and pays a portion of it in taxes.
    Are you kidding me?

    apdst,

    Have you ever heard of Series EE, HH or I savings bonds? Simple federal monitary instruments used to generate revenue for the Treasury while providing long and short-term investment options for the general public. And that's just one revenue source available by the government. There are others.
    Last edited by Objective Voice; 10-29-11 at 09:41 PM.

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

    Quote Originally Posted by apdst View Post
    I'm not talking about all millionaires/billionaires. I'm referring to the ones that think they don't pay enough taxes. They can easily increase their tax burden by taking fewer write offs. It begs the question: If they're so hip on paying more taxes, why aren't they taking fewer write offs?
    That does beg the question. Maybe they're just shameless hypocrites.
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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Deuce View Post
    People who think government spending can't create jobs should ask Boeing about that.

    Or Lockheed-Martin.

    Or Halliburton...


    "Oh but that money came from citizens!"

    What's that? So what are those citizens supposed to do with that money? Oh... SPEND it. Creating demand. Weird, when you guys talk about "job creators" you always seem to forget about that demand side of the equation.

    Anyway. Government is different than the citizens. The government can borrow money at lower interest rates and in higher volumes than you can. During a recession when nobody is spending money and therefore no demand exists to justify job creation, the government can borrow the sum of money required to shore up some of that demand.
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    Last edited by pbrauer; 10-29-11 at 10:05 PM.


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

    I have a hard time believing any billionaire is being genuine about the idea that paying more in taxes would allow the government to create jobs more efficiently than what he himself can do. After all, don't billionaires tend to create jobs along their paths to becoming billionaires? They invest their money in a business endeavor and employ people to guide that business endeavor to success. If billionaires were looking for a way to create jobs, they'd just reinvest more of their money into their business ideas. And that's what most of them do, but then they just get richer, and more foam then gathers around the mouths of the masses.

    What's really going on here? I have a hunch. With more and more people joining these movements against "the rich," billionaires can try to shield their reputations from some of the public's outcries if they go on the record with their hands in the air saying "Hey, I support higher taxes too!!!" Sure, sure.
    Last edited by Neomalthusian; 10-29-11 at 10:48 PM.

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

    Sounds reasonable.
    “In politics, stupidity is not a handicap.” -Napoleon

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

    Quote Originally Posted by conservativeguy View Post
    It is hysterical to read about billionaires saying they should be taxed more. They say this after making billions, not before. Hypocrites, every one of them.
    Have not read whole thread and this may already have been said but nothing is stopping these rich folks from sending in extra money on their own. I admire them for standing with the 99% and wanting the gov. to tax them more but nothing is stopping them from doing it on their own. Same with Michael Moore.. He can pay extra taxes if he wants as the IRS is not stopping anybody from paying extra. Maybe all these rich people should start making it rain on the IRS in honor of the poor and of all the 99%. Nobody is stopping em.


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

    Quote Originally Posted by Paschendale View Post
    No, there's just a law saying that the IRS has to take exactly what you owe, no more and no less. So no, no one is actually able to increase their taxes at will.

    I did not know this. I guess if they cannot send extra to the IRS then these rich folks in the top 1% that want to do more can just donate more or go down to some of these 99% protest and start changing the poor folks lives. I mean it would be cool if Buffet and Moore, etc. went to some of these places and picked several poor people they are impressed with and just gave them money to totally change their life.
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    Re: ABC's "20/20 - Lessons from Billionaires: Tax ME to create jobs IN AMERICA!"

    Quote Originally Posted by Kali View Post
    I did not know this. I guess if they cannot send extra to the IRS then these rich folks in the top 1% that want to do more can just donate more or go down to some of these 99% protest and start changing the poor folks lives. I mean it would be cool if Buffet and Moore, etc. went to some of these places and picked several poor people they are impressed with and just gave them money to totally change their life.
    Money doesn't really change people's lives. Their own decisions and ideas change their lives. For the most part, it has to be self-generated.

    Rich folks are charitable because it's in their own self interest to be charitable. And if they wanted to "do more," they would definitely not involve the IRS or the federal government in that effort. Rich folks in general have spent their lives figuring out how to do things as efficiently as possible. Cutting out waste and inefficiency has been the means by which they defeated their competitors and accumulated their millions or billions. In short, it's not just because the IRS cannot accept more than what is owed to them that rich folks give charitably. They give charitably because it suppresses resentment. The Bill and Melinda Gates foundation helps keep the envious masses at bay. Warren Buffet's EXTREMELY publicized opinion that the federal government should tax him more serves the same purpose.

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

    Quote Originally Posted by Objective Voice View Post
    Whose to say they aren't?
    LOL...if they were, they wouldn't bitching about not paying enough taxes.





    Yeah, they do! My sister is a Civil Service insurance claims processor...files her federal tax returns every years same as everyone else.
    You can't pay tax money, with tax money and claim your paying taxes.





    apdst,

    Have you ever heard of Series EE, HH or I savings bonds? Simple federal monitary instruments used to generate revenue for the Treasury while providing long and short-term investment options for the general public. And that's just one revenue source available by the government. There are others.
    Why the stealfromus bills that need to raise taxes, so we can, "create jobs"? Hmm?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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