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

  1. #511
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Harry Guerrilla View Post
    Geesh, never would of expected that response.....
    When you don't present evidence to prove your point, what else could you expect.
    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: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Catawba View Post
    When you don't present evidence to prove your point, what else could you expect.
    I did, but it's more complex than cherry picking simple statements here and there like you did.
    See I actually bother to read links and try to learn something.

    Maybe you post to preach and not learn anything, I guess we're here for different reasons.
    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.
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Harry Guerrilla View Post
    Geesh, never would of expected that response.....
    It does say:

    The historical evidence suggests that when the capital gains tax is reduced, locked-in capital is liberated and, at least temporarily, the revenues from the tax rise.
    ...more of the old, "if you lower taxes we'll make more money" voodoo? Cmon, G. I do enjoy that they at least prefaced it with "at least temporarily" since even they know that it is total bull****.
    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 Harry Guerrilla View Post
    I did, but it's more complex than cherry picking simple statements here and there like you did.
    See I actually bother to read links and try to learn something.

    Maybe you post to preach and not learn anything, I guess we're here for different reasons.

    So complex you can't describe it, or provide quotes with authoritative links to document it? Were you able then to find any negative effects of the 5% increase in the capital gains tax rate under the Clinton Administration?
    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: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by whysoserious View Post
    It does say:



    ...more of the old, "if you lower taxes we'll make more money" voodoo? Cmon, G. I do enjoy that they at least prefaced it with "at least temporarily" since even they know that it is total bull****.
    Because it's partially true, it's not entirely false and it's not entirely true.
    It think the more money part comes from the increase in transactions brought about by the overall lessening of the tax rate per capital gain.

    It's not total bull****.
    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: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Catawba View Post
    What problems did it cause under the Clinton Administration when capital gain tax rates were 5% higher, and please cite your documentation?
    What problems did the reduction in captial gain tax rates under the Clinton Administration cause?

    http://www.ctj.org/pdf/regcg.pdf

    Oh that's right it increased revenue. I guess that IS a problem.

    Historical Capital Gains and Taxes

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

    Quote Originally Posted by Catawba View Post
    So complex you can't describe it, or provide quotes with authoritative links to document it? Were you able then to find any negative effects of the 5% increase in the capital gains tax rate under the Clinton Administration?
    You're arguing the negative effects of the 5% increase, not I.
    You need to provide sources to yourself, for the argument you made, but attributed to me.

    Your sophistry doesn't work on me.
    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: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Harry Guerrilla View Post
    You're arguing the negative effects of the 5% increase, not I.
    You need to provide sources to yourself, for the argument you made, but attributed to me.

    Your sophistry doesn't work on me.
    No, I support the 5% increase in capital gains tax rate. I'm saying there would be no negative effects to our economy.

    You agree?
    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: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Catawba View Post
    No, I support the 5% increase in capital gains tax rate. I'm saying there would be no negative effects to our economy.

    You agree?
    No because it's too broad and effects people who have less money, but higher utility for the money that they do have.

    The uber wealthy still pay more in effective taxes than 90% of Americans.
    The real problem is between the .1% and the upper 10%
    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: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Catawba View Post
    No, I support the 5% increase in capital gains tax rate. I'm saying there would be no negative effects to our economy.

    You agree?
    I don't agree, at least not yet. I have not seen any plausible budget from ANY entity (BHO, Ryan’s PTP, Progressive party, etc.) that addresses the increase in debt over the next 10 year period. The resulting debt is predicted somewhere between $20t-28t. I believe this is wholly unacceptable. Until I see a responsible spending plan I hesitate to increase taxes else DC will continue to overspend the increases in revenue the tax increases might create. BHO’s debt commission had MANY outstanding ideas from those who KNOW government spending/revenues and NONE of their recommendations were considered.

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