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Thread: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by iguanaman View Post
    A 10% raise in rates on income over $250,000 is "tearing down the rich"?
    They're already in a higher tax bracket. Bleed turnips much?

    Quote Originally Posted by iguanaman View Post
    It's called shared sacrifice,
    Uh-uh. It's called government take over. Washington has no business piling programs on us. It's Communistic and therefore, oppressive.

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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by iguanaman View Post
    What is it about the fact that tax rates are based on what the earner can afford don't you understand?
    Your notion that taxes exist based on how much in taxes people can afford to pay, is even more absurd than the earlier objection you thought you were rebutting.

    I can technically afford 100% in taxes, therefore taxes should be 100%? Reasoning eludes you I see.

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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by tech30528 View Post
    If you'd like to see what high tax rates on the rich look like, you only need to look as far as France. Taxes jumped, and so did they. There are now so many high earning French in GB that they jokingly refer to London as France's 7th largest city. 40 of France's wealthiest people now live in Belguim. It doesn't work. And if you would prefer to put that tax on businesses, expect an exodus of outsourcing. What we need is a budget, not increased taxes. In our households we understand we can't have everything, the government needs to figure that out too.
    No one is proposing a 75% tax on the rich in this country (though it didn't seem to destroy American in the 50s and 60s when the top marginal rate was even higher). There's a huge difference between a 5% tax hike and 34% tax hike. I think it's a difference of 29%.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by Mach View Post
    Your notion that taxes exist based on how much in taxes people can afford to pay, is even more absurd than the earlier objection you thought you were rebutting.

    I can technically afford 100% in taxes, therefore taxes should be 100%? Reasoning eludes you I see.
    Then feel happy the Govt, is giving you a break. We have tried 90% rates though and the world went on as usual. Taxing income not spent at a higher rate is how we grow.

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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by AdamT View Post
    No one is proposing a 75% tax on the rich in this country (though it didn't seem to destroy American in the 50s and 60s when the top marginal rate was even higher). There's a huge difference between a 5% tax hike and 34% tax hike. I think it's a difference of 29%.
    Right. France's failure was that it took their tax rate up too fast and people jumped ship. Here we have the ACA with all kinds of neat little tax nuggets in it that will make it more difficult to determine where the money is going. But rest assured, it is only a matter of time before the government has total control thru taxation. And that will not stop at the line between left and right. It's going to be the government over the people.

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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by iguanaman View Post
    A 10% raise in rates on income over $250,000 is "tearing down the rich"? It's call shared sacrifice, the middle class gets cus to programs for them and so do the rich.
    The rich are sacrificing their property and the middle class is sacrificing what? Programs paid for by someone else?

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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by Dooble View Post
    What the hell does that mean, Socialist? One can't help get the feeling that the Left is more interested in tearing down the rich, than it is building up everyone else. So they raises taxes. Then what? Will that prove to be a definite step up for you?
    Austerity. It means austerity.


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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by American View Post
    Liberals will never fall on their sword to give up on the spending cut issue.
    They wont? "They" already have!
    Obama
    Will Obama Agree to Entitlement Cuts? He Already Has - NYTimes.com
    Obama Deficit Plan Cuts Entitlements and Raises Taxes on Rich - NYTimes.com


    Without drastic spending cuts, we are absolutely doomed. Democrats have always lied about spending cuts, they lied to Reagain and they will lie now. Their talk of spending cuts is pure lip service. Until spending cuts are first implemented, I don't support tax increases.
    See above.


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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by AdamT View Post
    No one is proposing a 75% tax on the rich in this country (though it didn't seem to destroy American in the 50s and 60s when the top marginal rate was even higher). There's a huge difference between a 5% tax hike and 34% tax hike. I think it's a difference of 29%.
    Yet!!

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    Re: Bill Kristol: “It won’t kill the country” to raise taxes on millionaires

    Quote Originally Posted by iguanaman View Post
    Then feel happy the Govt, is giving you a break. We have tried 90% rates though and the world went on as usual. Taxing income not spent at a higher rate is how we grow.
    Not only did it go on as usual, but we built the interstate highway system while funding the Marshall Plan in the 50s, and we entered the space race and put men on the moon in the 60s, all without incurring huge debt.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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