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

  1. #521
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Harry Guerrilla View Post
    No because it's too broad and effects people who have less money, but higher utility for the money that they do have.
    What real world evidence do you have of this? What benefit does investment in outsourcing American companies and jobs that our tax breaks enable, have for the middle class in the US?

    The uber wealthy still pay more in effective taxes than 90% of Americans.
    Only because tax policy over the last 30 years has allowed greater concentration of wealth at the top. They pay a lower tax rate percentage of their total income.


    The real problem is between the .1% and the upper 10%.
    The real problem is that our system now enables 6 members of Walton family to have more wealth than 93 million Americans. And we wonder why our consumer based economy is not taking off.
    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

  2. #522
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Catawba View Post
    What real world evidence do you have of this? What benefit does investment in outsourcing American companies and jobs that our tax breaks enable, have for the middle class in the US?



    Only because tax policy over the last 30 years has allowed greater concentration of wealth at the top. They pay a lower tax rate percentage of their total income.




    The real problem is that our system now enables 6 members of Walton family to have more wealth than 93 million Americans. And we wonder why our consumer based economy is not taking off.
    Can't help yourself can you?
    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

  3. #523
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Dickieboy View Post
    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.
    Obama offered a $4 trillion dollar deficit reduction that included $3 in spending cuts for every $1 increase in tax revenues. I think that is a reasonable compromise.
    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

  4. #524
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Catawba View Post
    Obama offered a $4 trillion dollar deficit reduction that included $3 in spending cuts for every $1 increase in tax revenues. I think that is a reasonable compromise.
    Yeah I heard all that rhetoric from BHO, the WH, Dems, GOP and all the media talking heads. I also heard how BHO was going to ‘open the books’ on the negotiations to validate all that was said concerning these numbers. To date I have seen no such information, please provide if you know where it is. I question the validity of these AND those voice by the GOP during the negotiations. You realize the annual CBO baseline budget includes a +/-7% increase in spending regardless of the projected revenue. All deficit reduction is scored against this and sometimes against the ‘adjusted baseline’ which assumes things like BTC’s sun setting, wars ending and such. $3/$1 does sound somewhat reasonable but the ‘devil is usually in the details’.

  5. #525
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by AdamT View Post
    Would it change the logic of the argument if he had $10 million in cap gains last year? No.
    I find people who want to impose more taxes on others and not themselves to have no merit in their position

  6. #526
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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.
    I don't feel like getting infracted for properly responding to that nonsense

  7. #527
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by Catawba View Post
    Obama offered a $4 trillion dollar deficit reduction that included $3 in spending cuts for every $1 increase in tax revenues. I think that is a reasonable compromise.
    why cannot Obama just agree to spending cuts?

  8. #528
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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?
    Of course you do-you have always supported other people paying more taxes

  9. #529
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by TurtleDude View Post
    why cannot Obama just agree to spending cuts?
    He did agree.......


  10. #530
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    Re: Census shows 1 in 2 people are poor or low-income

    Quote Originally Posted by TheDemSocialist View Post
    He did agree.......
    there was absolutely no reason why tax hikes on a small portion of the voters was ever discussed in the first place.

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