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Thread: Obama to call for new tax increases in State of the Union address

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by poweRob View Post
    No. No he didn't. And no, the GOP doesn't get credit for this economy. Sorry.

    Get back to me when your congressman runs on "I want to privatize social security" as he and the rest of the GOP definitely does but are too cowardly to actually say.
    Really? so the 3.9 trillion dollar budget passed? Are you sure about that? The GOP doesn't want credit for the economy most of which was due to govt. spending not economic growth from the private sector

    Just as I thought, liberals are indeed selfish, don't touch my program and just give me more paid for by someone else.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by poweRob View Post
    Pretty much none of what you said is true. That's life in the conservative bubble though.
    Well then BEA.gov, BLS.gov, and the Treasury lied. You don't seem to have a clue as to reality. Prove what I said was wrong with official govt. numbers?

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by haymarket View Post
    and they then cease to exist?
    I wouldn't phrase it like that, no.... unless you are thinking in terms of currency.... in that case, yes, it's no longer currency, it's just characters on a computer screen.

    this is the process where the money is removed from the economy and then utilized to stabilize reserve supply ( to stabilize the financial markets, primarily).. the treasury will eventually put in a call on the funds to be transferred to a TGA to make payments.... a bunch of it will hang around and earn interest until the treasury puts in a call on it.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Conservative View Post
    Well then BEA.gov, BLS.gov, and the Treasury lied. You don't seem to have a clue as to reality. Prove what I said was wrong with official govt. numbers?
    Time and again in every economics thread you enter you leave getting shown that you don't know how to read the BLS.gov BEA.gov statistics. Life in the conservative bubble.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by poweRob View Post
    Time and again in every economics thread you enter you leave getting shown that you don't know how to read the BLS.gov BEA.gov statistics. Life in the conservative bubble.
    Then why don't you educate me and show me where I am wrong

    BLS data shows 99 million working Americans in December 1980 and 116 million when Reagan left office

    BEA shows an economy that was 2.8 trillion dollars in December 1980 and 5.6 trillion when Reagan left office

    Treasury shows Federal Income tax revenue of 280 billion dollars in December 1980 and 506 billion when Reagan left office

    Would love to see any economist refute those numbers. I have given you the links but obviously you ignored them and prefer to be Gruberized

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by poweRob View Post
    Of course you don't have any concept of what an economy is and that generating tax revenue... (which you agree will rise) There is also all the increased economic flow being that middle class people generally don't have offshore accounts to hide their money and actually put those $'s back into the economy.
    taking money from the rich, through taxation, doesn't mean it's going to flow , as if my magic, into the hands of the middle class.
    the government has 2 ways to get money into the hands of the middle class... either take less in taxes, or pay direct payments.. .that's it.
    beings that middle class folks generally don't qualify for welfare, that leaves taking less in taxes.

    of course, you don't have ot do anything to the rich in order to decrease taxes on the middle class... that just obama's way of saying " I think you guys have too much money, we're not going to let you keep it".. it's a political move, not an economic move.

    if Obama was actually interested in stimulating middle class consumer spending, he'd call for a 100% federal tax holiday up to a certain threshhold of income...think we'll see that?.... hell no, because that makes economic sense and he isn't in this for economics, he's in it for politics.

    but then both lefties and righties will blow their wads in anger.. and hypocrisy.

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    Re: Obama to call for new tax increases in State of the Union address

    While I am not opposed to tax increases on the wealthiest of Americans, it's still a pretty meaningless gesture with a Republican-dominated Congress.
    Michael J Petrilli-"Is School Choice Enough?"-A response to the recent timidity of American conservatives toward education reform. https://nationalaffairs.com/publicat...-choice-enough

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by TurtleDude View Post
    LOL you pretend to be some savior of the poor. and some need saving but far too many have become addicted to government pandering

    YOu telling me what I need to do is a real riot. I have been all over the world and I have seen real poverty in the slums of Bogota or Nairobi.
    Ya gotta love the comparison of 1st world America to 3rd world countries, as if it were some type of meaningful standard. It's not. Try picking on an economy of your own size!

    We are the world's largest economy. Even our poor deserve to enjoy some of the things the world's largest economy affords. In that regard, you will see far more impoverishment in America than you will in Canada, Japan, Germany, the UK, Norway, Sweden, Australia, New Zealand...... the list goes on. Tax programs that help with a more equitable distribution of the spoils of economic war are reasonable things to propose, pass and implement.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by upsideguy View Post
    Ya gotta love the comparison of 1st world America to 3rd world countries, as if it were some type of meaningful standard. It's not. Try picking on an economy of your own size!

    We are the world's largest economy. Even our poor deserve to enjoy some of the things the world's largest economy affords. In that regard, you will see far more impoverishment in America than you will in Canada, Japan, Germany, the UK, Norway, Sweden, Australia, New Zealand...... the list goes on. Tax programs that help with a more equitable distribution of the spoils of economic war are reasonable things to propose, pass and implement.
    why? you deserve what you can buy.



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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Fiddytree View Post
    While I am not opposed to tax increases on the wealthiest of Americans, it's still a pretty meaningless gesture with a Republican-dominated Congress.
    Of course, it will never pass and is as meaningless in the short-term as the advocacy of the repeal of the PPACA, which is still advocated by some on the Right (see Cruz speech the Heritage Foundation).

    Neither are realistic short-term ends. People that advocate each of these are playing a longer game.

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