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Thread: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

  1. #241
    warrior of the wetlands
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by winston53660 View Post
    On himself as well none the less.
    its the price he pays for being rich through government. If he was not in government he's be making less than 150K a year which is what a lecturer at Chicago Law might get on a good year

  2. #242
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by Catawba View Post
    Math is the answer.

    "In 1983, the richest 1 percent of Americans got 11.6 percent of total income. Today the top 1 percent takes in more than 20 percent."
    Robert Reich: Budget Baloney: Why Social Security Isn't a Problem for 26 Years, and the Best Way to Fix It Permanently

    You can't get blood from a turnip.
    we can get lots more from the middle class

    and if it hurts them they might stop voting for big spending welfare socialists

  3. #243
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by winston53660 View Post
    President Obama would be raising his own taxes.
    If he was not in office he'd not be facing a tax hike

    hiking taxes is how he got wealthy

  4. #244
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by TurtleDude View Post
    so why was a plan that raised similar amounts of revenues rejected? why should no one else pay higher taxes but the 2%. If the revenue is that needed taxing only 2% of the voters more appears to be based on politics rather than truly a desire to raise more revenue.
    Because they were NOT similar revenues. No such evidence was ever presented.
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    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  5. #245
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by TurtleDude View Post
    we can get lots more from the middle class

    and if it hurts them they might stop voting for big spending welfare socialists
    Are you in the middle class?
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  6. #246
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Both sides want the fiscal cliff to happen. It's completely intentional. I mean, an act of Congress created the supposed "automatic" cuts, right? This way the Republicans can lower defense spending without getting yelled at for it, and Democrats can have both reduced social spending and tax hikes on middle-class Americans without getting yelled at for it. You see, Democrats will be yelling at Republicans and Republicans will be yelling at Democrats and pointing the finger or blame... but this is what they want to happen.
    "Political speech and writing are largely the defense of the indefensible. . . . Thus political language has to consist largely of euphemism, question-begging and sheer cloudy vagueness."
    ~Orwell, Politics and the English Language

  7. #247
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by TurtleDude View Post
    you didn't give anyone anything
    Yes, political support from the middle class was required to give you your temporary tax cuts that were advertised as necessary to create jobs. Since that did not result, there is no longer any reason for the working class to allow them. Especially since the temporary tax cuts have concentrated so much wealth at the top, there is not enough left for consumers to make our economy prosper.

    You'll finally figure it out, after another election or two.
    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

  8. #248
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by TurtleDude View Post
    we can get lots more from the middle class

    Or lose the House trying................roll on little TurtleDude!
    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

  9. #249
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by TurtleDude View Post

    hiking taxes is how he got wealthy
    Say what?

  10. #250
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by TurtleDude View Post
    we can get lots more from the middle class

    and if it hurts them they might stop voting for big spending welfare socialists
    Welfare by and large is nothing to the budget. So whining about 'welfare" is like being scared of a fly when you in the cage with a grizzly. Stupid.

    However, as a member of the middle class, doing rather well, you may raise taxes on me. however, know that the middle class is the driver of the economy as we spend. Above us, not so much.

    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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