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

  1. #261
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by j-mac View Post
    Wealth is fungible, people make it, and people lose it every day. This is what the today's liberal doesn't understand. In 1980 there were 574,000 millionaires in the US. By 1988 that figure had more than doubled to 1.3 Million. Your imagined picture of the greedy rich man gaining his wealth from a static pie is just plain void of understanding.
    The void I see is the gap between the rich and poor that is widening every day. It has happened before and the result was the Great Depression. The wealthy are blinded by greed and the fools don't realize they are bringing the house down on top of them. Their wealth has to come from somewhere or do you belleve they make it in their basement?

    Most Americans below the upper echelon have suffered a decline in wealth in recent decades. The median household saw its net worth drop to $57,000 in 2010, down from $73,000 in 1983. It would have been $119,000 had wealth grown equally across households.

    The top 1%, on the other hand, saw their average wealth grow to $16.4 million, up from $9.6 million in 1983. This is due in large part to the growing income inequality divide, as well as the sharp rise in value of stocks over the period.
    Overall, the widening of the wealth gap in recent decades is due to two things, Shierholz said. The increase in income inequality means the wealthy have more to save and invest every year. Furthermore, the growth of Wall Street means that the rich, who are much more likely to own stocks, accumulated wealth even faster.

    "The growth in wealth we did see got funneled to the top and it didn't spur faster growth in the middle," Shierholz said.




    Wealthiest Americans have 288 times net worth of typical family - Sep. 11, 2012

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

    Quote Originally Posted by Catawba View Post
    I think I've got you, as incredible as it seems to the majority of us, you think we should double down on the policies that got us where we are today. Thank you for your valuable input sir!
    Not at all.....otherwise I wouldn't be showing you specifically a problem that has existed in the country for at least a minimum of 60 years. Why you spread all that luv amongst the Republicans. As incredible as it may seem. Considering the facts show who was in power for those that controlled over 2/3rds of the nations Economy. Like I stated. you are welcome to present any and all rationals and excuses the Left has for their endeavors.

    As I was talking about the lefts problems and not that of the Right who also went out on a Binge. The Binge although cannot compare to the Lefts track-record.

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

    Quote Originally Posted by sawyerloggingon View Post
    "President Obama today declared there would be no deal to avert the looming fiscal cliff unless Republicans agree to raise rates on the top 2 percent of income-earners."
    I hope he stays firm on this. The wealthy can and should pay more!

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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.
    You can afford it. Shut up and pay!

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

    Quote Originally Posted by Texmex View Post
    I hope he stays firm on this. The wealthy can and should pay more!
    What do you think obama will do with this "extra" money?

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

    Quote Originally Posted by Texmex View Post
    I hope he stays firm on this. The wealthy can and should pay more!
    I hope he stays firm on this too. I hope the debt ceiling never gets raised. Enough is enough.
    "We need to ask some very tough questions of the senator from Illinois. It's not enough to be black, it's not enough to be articulate, it's not enough to be eloquent and a media darling. The only question will be how deaf an ear, or how blind an eye will people turn in order to turn a frog into a prince." -Eddie Huff

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

    Quote Originally Posted by MMC View Post
    Not at all.....otherwise I wouldn't be showing you specifically a problem that has existed in the country for at least a minimum of 60 years. Why you spread all that luv amongst the Republicans. As incredible as it may seem. Considering the facts show who was in power for those that controlled over 2/3rds of the nations Economy. Like I stated. you are welcome to present any and all rationals and excuses the Left has for their endeavors.

    As I was talking about the lefts problems and not that of the Right who also went out on a Binge. The Binge although cannot compare to the Lefts track-record.


    The case was made in the presidential election campaign, and the people chose. Please try again next election.
    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: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by Texmex View Post
    You can afford it. Shut up and pay!
    Okay.....we will start with your Wallet First! Ya won't mind will ya?

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

    Quote Originally Posted by haymarket View Post
    Because they were NOT similar revenues. No such evidence was ever presented.

    Code: Obama needs tax hikes on the wealthy because he has been engaging class warfare for four years. If he doesn't get specifically tax rate increases, then his own base like haymarket here will lambaste him....

    Fundamentally, there is absolutely NO difference from $400 Billion coming into the government through deduction removal, or tax increase. They both raise the effective rate a person pays, so this is purely political BS.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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

    Quote Originally Posted by Catawba View Post
    The case was made in the presidential election campaign, and the people chose. Please try again next election.
    So what he won? That doesn't mean you allow the inept to lead the country wherever they want to or just because they are in power. You must of forgot who has the purse strings.....huh?

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