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

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

    Quote Originally Posted by Catawba View Post
    Its math, you should try it sometime!

    Some history: The temporary tax cuts were given to the rich because the case was made they would create jobs. It was felt the loss in revenue from the tax cuts would be made up by increased jobs. That was the theory. What we found out was the rich took those tax cuts and moved American jobs overseas.
    Is it your belief that some American companies moved their companies overseas because of tax cuts but will return when taxes go up again?
    Therefore, there is no reason to continue the tax cuts for the rich, especially since that revenue is needed to repay SS for the money taken it so the rich could continue to enjoy their tax cuts.
    Well you are welcome to tax the rich 50, 70, or 100% of their incomes but they'll eventually escape to friendlier environments, just as they are doing now, and the government will have 100% of nothing. That's been a lesson throughout history.

    That troubling question is often raised as to what happens when you run out of rich people. Do you have an answer for that?

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

    Quote Originally Posted by Catawba View Post
    Would you like me to provide you a link to learn how decisions are made in a democracy?
    Sure, as long as it includes a report on how the majority of people are always right.

  3. #423
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    Re: No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

    Quote Originally Posted by Catawba View Post
    Take a peek at who we elected our leader!
    That's your evidence?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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

    Quote Originally Posted by Grant View Post
    Is it your belief that some American companies moved their companies overseas because of tax cuts but will return when taxes go up again?
    No, why do you just make up **** and it attribute it to me? What happened was the rich said they needed their taxes cut so they could create jobs for the peoples. But they didn't follow through on their end of the bargain. Since they could make their personal profits greater by moving US jobs overseas, they abandoned those who gave them tax cuts for jobs here.

    So, there is simply no reason to continue to allow their tax cuts.


    Well you are welcome to tax the rich 50, 70, or 100% of their incomes but they'll eventually escape to friendlier environments, just as they are doing now, and the government will have 100% of nothing. That's been a lesson throughout history. That troubling question is often raised as to what happens when you run out of rich people. Do you have an answer for that?
    We are only talking about 4% higher, just where they were in the 1990s. I was around then, and you know what? There was no exodus of the rich from this country in the 1990s!
    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 TurtleDude View Post
    I do too-that's why I have been given numerous awards as a coach and teacher. that in addition to many other volunteer activities
    Sounds we're a lot alike. Only I seem happier.

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

    Quote Originally Posted by apdst View Post
    A guy from Texas? Your bigotry is noted.

    Yes, it is a stretch, because 625,000 still isn't a million.

    One is income; the other is wealth. I noted that I "assumed" that most people making $625,000 per year are millionaires.

    As to my Texas bigotry; thanks for noticing.... its an affliction that affects many Coloradoans... (it is tongue-in-cheek)
    Last edited by upsideguy; 12-07-12 at 09:43 PM.

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

    Quote Originally Posted by Catawba View Post
    No, why do you just make up **** and it attribute it to me?
    I asked you a question based on your earlier post. There is no need to whine.
    We are only talking about 4% higher, just where they were in the 1990s. I was around then, and you know what? There was no exodus of the rich from this country in the 1990s!
    Perhaps that's because government spending was under more control. Raise ALL taxes to Clinton levels, and the spending as well, and people will be a lot happier.

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

    Quote Originally Posted by Grant View Post
    I asked you a question based on your earlier post. There is no need to whine.


    Perhaps that's because government spending was under more control. Raise ALL taxes to Clinton levels, and the spending as well, and people will be a lot happier.
    Yes, military spending was less than half of what it is, and we did not wage an unnecessary almost decade long war. We can no longer afford to spend as much on the military as the rest of the world combined.

    If we are ever to address our debt, military spending will have to be cut.
    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 Boo Radley View Post
    Sounds we're a lot alike. Only I seem happier.
    perceptions are often wrong

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

    Quote Originally Posted by Catawba View Post
    Yes, military spending was less than half of what it is, and we did not wage an unnecessary almost decade long war. We can no longer afford to spend as much on the military as the rest of the world combined.

    If we are ever to address our debt, military spending will have to be cut.
    but military spending does not create a self generating class of dependents as does buying votes with welfare

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