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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 haymarket View Post
    I was not aware that a political party or caucus has to function as a goose stepping unit with only one mind, one opinion and one purpose.
    Either do it my way or you're a Nazi. This is the new America.

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

    Quote Originally Posted by Fletch View Post
    That is just political rhetoric. Explain how an $80 billion tax increase on the rich addresses economic disparity or dents the deficit. It does neither. The majority of the Bush tax cuts went to the middle class by a factor of about 4 to 5 times. The nations debt and deficit are not due to the rich paying too little, but because the middle class has demanded more from the state than they are willing to pay for. The only way you could make a rational argument for the rich paying more is to demonstrate that the rich use a disproportionate amount of government services. What percentage of Medicaid do they use? Food stamps? AFDC? Social Security? If the top 2% use less than 2% of any of these (and similar) services, they are OVERPAYING. The truth is, what you are after is redistribution--the direct taking of the property of some for the express purpose of giving it to someone else. Or, theft as it is otherwise known.
    You are wrong about the benefits of the Bush Tax cuts, they overly favor the wealthy.

    The Bush Tax Cuts Made the Tax Code Less Progressive
    The Tax Policy Center estimates show that in each of the years from 2004 to 2012, the Bush tax cuts boosted the after-tax incomes of high-income households by a much greater percentage than they did for low-income households. For example, in 2010, the year in which all of the Bush estate and income tax cuts were fully phased in, the tax cuts:

    ■Raised the average after-tax income of the top 1 percent of households by 6.7 percent (or $66,618);
    ■Raised the average after-tax income of the top 20 percent of households by 4.6 percent (or $7,860); but
    ■Raised the average after-tax income of the middle 20 percent of households by 2.8 percent (or $1,039), and
    ■Raised the average after-tax income of the bottom 20 percent of households by just 1.0 percent (or $99).
    Bush Tax Cuts Have Provided Extremely Large Benefits to Wealthiest Americans Over Last Nine Years — Center on Budget and Policy Priorities

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

    Quote Originally Posted by minnie616 View Post
    In the USA:

    In 1983 the top 1% owned 33.8% of the weath and the bottom 80% of the people owned 18.7% of the wealth.
    By 2010 the top 1% owned 35.4% of the wealth and the bottom 80% only owned 11.1%.

    The rich are getting richer and the bottom 80% are getting poorer.


    Who Rules America: Wealth, Income, and Power
    How many people do you include in the 1983 and 2010 numbers?
    People in Dubai don't like the Flintstones but people in Abu Dhabi do

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

    Quote Originally Posted by j-mac View Post
    How many times can you pull from that well....We heard that the benefit of ending the war in Iraq was to help pay for the APA, you can't use the supposed savings from that endlessly for everything. Raising those taxes (which will be done ultimately) will only raise $40 billion per year. Within the President's proposal as put forth by Geithner, has in it a new stimulus of $50 billion in the first year not only wiping out the revenue from this proposed hike on the 'rich', but increases spending.....The supposed 'cuts' in this are proposed as to be talked about 'later, with no guarantees'....This is Lucy and the football all over again.

    Spending is the problem, and using some mythical savings from a war that is not being prosecuted anymore is disingenuous from the jump.
    Your math is way off. But thank you for demonstrating the "garbage in = garbage out" axiom.
    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 j-mac View Post
    From what I see sadly in this whole Kabuki dance is that neither side of the isle is approaching this seriously. It really is like a bunch of over grown children squabbling over licking the mixing spoon while the cookies are baking.

    The progressives say that its all those evil rich's fault, that we should treat their earnings like it is a part of some mythical pool of money that they stole. It really is childish.

    The problems we have in this country are highlighted by the laughable "deal" that spelled out not only double the tax revenue that was originally agreed upon, but an increase in spending in the form of more stimulus, and cuts that the WH said would be talked about later, and the kicker "No guarantees", and oh btw, he wants congress to give up a power reserved to the congress by the constitution and give him the ability to increase the debt ceiling without going to the people.

    WHAT A FREAKING JOKE!!!

    This isn't about getting a deal for progressive demo's, it never was. It is about humiliating repubs. Breaking them. Fracturing them to the point where they go the way of the whigs. Demo's want an unobstructed path to governmental control for decades. And with weak ass repub leaders, and politicians not listening to the people and do what will get this economy going are going to feel their wrath election after election if they let buffoons like Durbin, and Pelosi eat their lunch.

    The lie is so prevalent on the demo side of this that they are fine with going over this cliff, and turning the screws on repubs when they are down solely for sadistic maneuver that they hope will do something that has never been the case in the history of our country, and that is that ultimately the President won't get the blame for the painful economic times that are assured as we go forward.

    It's cynical, it's hyperpolitical, it's ultimately a lie.

    Where is the President's, and demo's plan? Where is the leadership? What about a budget from the Senate? How can America believe that we will have any prosperity in the future if we don't start refusing the narrative of the MSM, and those voices of opportunity in anarcho-socialists that see a path for them to gain a foothold in American politics by defecating on police cars, and screaming for their debt to be wiped out from mom's basement, as they blog, and declare that an entry level job is beneath them.

    Come on people....We have to decide what we want....Do we want America as a representative republic? Or, are we to allow Franklin's prophecy to come to pass and no longer keep our form of government, only to morph into a model of a Euro Socialist quasi welfare state that we see failing and them running from, as we step on the gas to get to....

    I am disgusted.
    The American people need more straight talk like this.

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

    Quote Originally Posted by Catawba View Post
    Your math is way off. But thank you for demonstrating the "garbage in = garbage out" axiom.
    Is this your idea of a snappy rebuttal? Do the genuine issues just whiz over your head?

    Aren't you the same guy who was cheering on the president to spend more millions on his holiday?

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

    Quote Originally Posted by iguanaman View Post
    So would you prefer a flat tax to the progressive tax? What percentage do you think people should pay on their incomes and over what numbers?

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

    Quote Originally Posted by Grant View Post
    Is this your idea of a snappy rebuttal?
    Its an accurate description, but glad you thought it was snappy!

    Do the genuine issues just whiz over your head?
    Why don't you try a genuine issue instead of BS and we'll see?


    Aren't you the same guy who was cheering on the president to spend more millions on his holiday?
    As has been pointed out this president has taken fewer vacations than most, and he has had to put up with more buttheads than most. He deserves a vacation.
    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 Catawba View Post
    Its an accurate description, but glad you thought it was snappy!
    What is it about the reading and comprehension skills of the Left? Don't you even try to grasp ideas? Is there some internal hard drive that just runs on its own like those 100 monkeys with typewriters being expected to one day write something intelligent?

    You might start by responding directly to the quotes.

    As has been pointed out this president has taken fewer vacations than most, and he has had to put up with more buttheads than most. He deserves a vacation.
    But now the country is in greater debt than it ever was before and Bush is no longer president.

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

    Quote Originally Posted by Grant View Post
    What is it about the reading and comprehension skills of the Left? Don't you even try to grasp ideas? Is there some internal hard drive that just runs on its own like those 100 monkeys with typewriters being expected to one day write something intelligent?

    You might start by responding directly to the quotes.
    Only if you start saying something worthy enough to quote.

    But now the country is in greater debt than it ever was before and Bush is no longer president.
    No one expected the president to fix 30 years of Reaganomics in just 4 years. Get real! Considering the do nothing Congress that has stood in his way, I think its amazing he was able to pass health care reform, save the auto industry, end the recession and now finally making the rich once again pay their fair share!
    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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