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Thread: Govt. borrows 46 cents of every dollar it spends

  1. #221
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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by H. Lee White View Post
    (This is great.... Catawaba is letting me set him up to look like an idiot...again....)

    I give up. Tell me.
    We increased the tax rates on the wealthy, just as we need to do today to address too much accumulation of wealth at the top.
    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: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    We increased the tax rates on the wealthy, just as we need to do today to address too much accumulation of wealth at the top.
    Increasing taxes on income does not tax wealth, it taxes income.
    So, I ask again: Who has advocated that we tax wealth?

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by H. Lee White View Post
    Increasing taxes on income does not tax wealth, it taxes income.
    So, I ask again: Who has advocated that we tax wealth?
    As historically documented, when income tax rates were increased on the wealthy, that reduced the wealth of those at the top. Funny how that works, isn't it?
    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: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    As historically documented, when income tax rates were increased on the wealthy, that reduced the wealth of those at the top. Funny how that works, isn't it?
    So, you admit you -cannot- show where anyone has advocated taxing wealth, only income.
    Thank you for your admission of failure.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by H. Lee White View Post
    So, you admit you -cannot- show where anyone has advocated taxing wealth, only income.
    Thank you for your admission of failure.
    What I showed you was how the US addressed income equality after the 1920's, through an increase in income tax rates for the wealthy. That is the same way we plan to address the wealth inequality today, by increasing the tax rates for the wealthy.
    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: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Catawba View Post
    What I showed you was how the US addressed income equality after the 1920's, through an increase in income tax rates for the wealthy. That is the same way we plan to address the wealth inequality today, by increasing the tax rates for the wealthy.
    All of this is irrelevant to the point that no one has suggested that we tax wealth.
    Thus, your failure, for all to see. Again.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by iguanaman View Post
    Then why do Republican Administrations create so few jobs? Conservatives hate low unemployment it drives up wages.
    As Obama is getting over $1 trillion in debt each year, despite all that job growth, there are a couple more examples of where these trillions went.

    The Fisker Electric auto company with the $110,000 sports car, and almost $200,000,000 in Obama Dollars is now on its death bed.

    A123, the company which was supposed to supply the batteries to Fisker, received $133 million of Obama Dollars and is now being sold to the Chinese. It was once valued at $2 billion though there should be some doubt on that number.

    Maybe the idea is to create jobs based on Obama's entrepreneurial and management skills learned in Chicago before favoring American politics but so far the results have been "mixed".

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    Re: Govt. borrows 46 cents of every dollar it spends

    WWII played a part in ending the Great Depression, however, the depression was in recovery when we got involved in WWII. It was in recovery because of the New Deal.
    Try this link for more information.
    New Deal - Wikipedia, the free encyclopedia

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by StringBean View Post
    But the president just released a stunning new bipartisan plan to solve the spending crisis with....a slight increase in the tax rate for the wealthy coupled with.....0 reduction in spending.

    The Obama administration has cemented this centrist as a permanent Republican...and don't get me started on their mental problems.
    He doesn't get it, raising taxes for the millionaires won't solve our problem. We need to cut spending now.

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    Re: Govt. borrows 46 cents of every dollar it spends

    Quote Originally Posted by Fisher View Post
    The people who benefit from paving projects are the oil companies whose materials are the big cost of asphalt, and the guys who drive the equipment. It isn't like they take people off welfare and give them a backhoe, dump truck, or asphalt roller or let them put down steel or even direct traffic. Perhaps if your idea of infrastructure were a little more modern than hacking your way through the Blue Ridge Mountain during the depression. The jobs created are highly concentrated in existing industry that just add aggregate demand for isolated things like concrete production, steel work, metal fabrication. That is great for those people, but adds no wide-spread job bump and to hold it out as some great hope for people in manufacturing is just cruel and manipulative.
    Think beyond those who will benefit directly from the government contracts. ALso, infrastructure involves more than road and bridge building. Still, when people have money in their pockets, they spend more. When more money is being spent, stores have to hire more people. When products are being sold, more people need to be hired to produce those products. This is how a major construction project can spur job growth in many sectors.

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