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Thread: Census shows 1 in 2 people are poor or low-income

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by TurtleDude View Post
    how much capital gains income do you have or is just another case of you pretending that tax hikes on OTHERS won't hurt YOU
    Poor TD would only make 1.5 million next year.

    There is an episode of South Park called "Not A Big Deal" that reminds me of you, TD.
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by haymarket View Post
    And you also failed utterly to attempt to justify a far more discriminatory rate for capital gains. I am beginning to think it is not possible.... at least from its defenders here whose argument pretty much comes down to 'because it benefits me and mine'.

    Why should not all INCOME - regardless of the source - be subject to the same rate schedules?
    The standard conservative argument is that cap gains should be taxed little, if at all, because that would encourage investment. Of course another way to describe it would be artificially distorting the economy to encourage more leverage and more risk taking.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by whysoserious View Post
    Poor TD would only make 1.5 million next year.

    There is an episode of South Park called "Not A Big Deal" that reminds me of you, TD.
    But what benefit would it bring to everyone?

    The government has continually proven it cannot handle, manage and disperse our nation's taxes and revenues as it is - what argument does anyone have to prove that raising anything is going to turn into something good?
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Aunt Spiker View Post
    But what benefit would it bring to everyone?

    The government has continually proven it cannot handle, manage and disperse our nation's taxes and revenues as it is - what argument does anyone have to prove that raising anything is going to turn into something good?
    I think the government can't thing is rather overstated. Mail lasted a long time and frankly only changing times have diminished it, for example. We live much better here than many other countries largely due to government efforts. So while you can certinaly find examples of poor management, just as you can in the rpivate sector, government, dispite the advesarial nature of a plit government, has done rather well all and all.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Aunt Spiker View Post
    But what benefit would it bring to everyone?

    The government has continually proven it cannot handle, manage and disperse our nation's taxes and revenues as it is - what argument does anyone have to prove that raising anything is going to turn into something good?
    Last I checked the government has run for over 200+ years. Got any businesses with a record that long? Raising capital gains tax would work towards balancing the budget - that's the benefit it would bring to everyone.
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by whysoserious View Post
    Last I checked the government has run for over 200+ years. Got any businesses with a record that long? Raising capital gains tax would work towards balancing the budget - that's the benefit it would bring to everyone.
    The government has shown absolutely 0 interest in balancing the budget or cutting back any excessive spending and MAINTAINING those efforts. Instead: they've proven - with a mountain of evidence - that they're more than interested in doing the exact opposite, passing bills that hike our costs and skyrocket our national debt and harm us more thoroughly as a nation.

    The only thing keeping us going is that the world has had no choice.
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Aunt Spiker View Post
    The government has shown absolutely 0 interest in balancing the budget or cutting back any excessive spending and MAINTAINING those efforts. Instead: they've proven - with a mountain of evidence - that they're more than interested in doing the exact opposite, passing bills that hike our costs and skyrocket our national debt and harm us more thoroughly as a nation.

    The only thing keeping us going is that the world has had no choice.

    Is true we've opporated in the red from almost the begining.

    However, we are the government.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Aunt Spiker View Post
    The government has shown absolutely 0 interest in balancing the budget or cutting back any excessive spending and MAINTAINING those efforts. Instead: they've proven - with a mountain of evidence - that they're more than interested in doing the exact opposite, passing bills that hike our costs and skyrocket our national debt and harm us more thoroughly as a nation.

    The only thing keeping us going is that the world has had no choice.
    It is simply not the case that pace of spending has increased -- other than for the wars and emergency spending to address the recession. What has happened is simply that revenues have not kept pace, and that is clearly tied to Republican tax cuts -- first Reagan's and then Bush's. The national debt as a percentage of GDP consistently fell from the end of WWII until Reagan. Then, with Reaganomics, the gap between spending and revenue began to widen, and it continued to widen until Clinton put in place higher tax rates. Then the gap began to close, with revenue actually exceeding spending ... until Bush came in and hacked tax rates again. Then it began to explode again. Do you see a pattern here?

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Aunt Spiker View Post
    The government has shown absolutely 0 interest in balancing the budget or cutting back any excessive spending and MAINTAINING those efforts. Instead: they've proven - with a mountain of evidence - that they're more than interested in doing the exact opposite, passing bills that hike our costs and skyrocket our national debt and harm us more thoroughly as a nation.

    The only thing keeping us going is that the world has had no choice.
    Not a company lady I see. Yes, We need to cut into this deficit. I agree, we should probably let the Bush tax cuts expire as soon as possible (sooner rather than later assuming economists estimate it will not bring about a double-dip recession) and sure, why not raise capital gains taxes?

    Assuming Obama gets reelected, he should be able to address the budget much more effectively in his second term.
    Ted Cruz is the dumbest person alive.

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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by AdamT View Post
    The standard conservative argument is that cap gains should be taxed little, if at all, because that would encourage investment. Of course another way to describe it would be artificially distorting the economy to encourage more leverage and more risk taking.
    It's not artificial if it's permanent.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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