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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 imagep View Post
    Not if what applies to my example applies to everyone else also.
    Ok, but you have to show that. You can't just say it and have it be true.
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by SlevinKelevra View Post
    "much of the GDP growth due to govt. spending"
    I think he was referring specifically to the last quarter, where a surge in government spending (gotta get those dollars out the door before the Fiscal Year ends) resulted in a much-celebrated "5% growth".

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

    One of the more entertaining ironies is going after the Trust Fund rules that rich folks like Buffet et. al. use to shield their heirs from taxes.

    Also interestingly, as I recall, that's what the Obama's have been using (as well as annual maximum "gifts") to pass on their wealth while minimizing their tax burden. Anyone want to bet there will be a grandfather addendum?

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

    Quote Originally Posted by SlevinKelevra View Post
    you are literally----- dead wrong.
    Again percentage change, Really? Still waiting for you to explain why we need a 3.9 trillion dollar budget and why another Obama promise never was kept when he said he would go through the budget line by line cutting out waste, fraud, abuse, duplications? A 20$ increase un Reagan was 400 billion dollars, a 20% increase under Obama is 2.8-3.4 TRILLION. How much inflation would take 400 billion to 3.4 trillion?

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

    Quote Originally Posted by pbrauer View Post
    Of course it works, anytime you increase the number of jobs you increase demand which will increase the number of jobs.

    The reason Reagan was successful was because he spent money on Cold War stuff...Keynesian economics... it wasn't because he cut taxes... That's a right wing myth.
    Would you please show me the spending in the Reagan stimulus that brought us out of the 81-82 recession?

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

    Quote Originally Posted by pbrauer View Post
    Of course it works, anytime you increase the number of jobs you increase demand which will increase the number of jobs.

    The reason Reagan was successful was because he spent money on Cold War stuff...Keynesian economics... it wasn't because he cut taxes... That's a right wing myth.

    No, it doesn't. Japan blew through 10 different Stimulus packages in the 90s and they spent allot of it on " infrastructure ".

    All it did was create allot of debt. Obama's first stimulus just created allot of debt. There was no substantial increase in economic growth.

    How could there be ? He lied about " shovel ready " and his " green jobs initiative " was a joke.

    Also Government spending as a percentage of GDP actually fell under Reagan.

    " Fiscal stimulus for the purpose of increasing aggregate demand " doesn't work. But let's say in a alternate Universe it does.

    Trusting the pathological liar that currently resides in the White House is a bit Naive of you, dont you think ?

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

    Quote Originally Posted by ocean515 View Post
    You can flail, kick and scream, but the fact remains, it's a death tax. An estate is an extension of the person to whom it belongs. Upon that person's death, taxes are due. Not before. Until it's business is finalized, an estate remains an entity that must, if it qualifies, pay it's taxes due.

    Your ignorance of this fact and your insistence it's not true only serves to further eliminate your credibility.
    It is a purely political term used by political people in pursuit of a political goal to gain advantage in a political dispute. And that is admitted and acknowledged by one of the leading pushers of that dishonest term.

    Well-known Republican pollster Frank Luntz wrote that the term "death tax" "kindled voter resentment in a way that 'inheritance tax' and 'estate tax' do not"
    But allow me to indulge your ideological flight of fancy for a moment with a question: if it is indeed a DEATH TAX, what percentage of Americans who meet their DEATH each year pay that DEATH TAX?
    Last edited by haymarket; 01-20-15 at 10:23 AM.
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Fenton View Post
    No, it doesn't. Japan blew through 10 different Stimulus packages in the 90s and they spent allot of it on " infrastructure ".

    All it did was create allot of debt. Obama's first stimulus just created allot of debt. There was no substantial increase in economic growth.

    How could there be ? He lied about " shovel ready " and his " green jobs initiative " was a joke.

    Also Government spending as a percentage of GDP actually fell under Reagan.

    " Fiscal stimulus for the purpose of increasing aggregate demand " doesn't work. But let's say in a alternate Universe it does.

    Trusting the pathological liar that currently resides in the White House is a bit Naive of you, dont you think ?
    Japan’s 2-Decade Experiment with Fiscal Austerity


    ...
    Fiscal austerity did not begin immediately, but “Japan’s experiment with Keynesian-style public works programmes” ended in 1997. The public works programs did not promote a significant recovery, but in the six years from 1992 to 1997, real GDP at least managed to grow at a feeble 1.3% annual rate. But in the two years after austerity began — public works spending being cut back and the consumption tax raised, real GDP fell by 2.1% (1998) and 0.1% (1999). Despite fiscal austerity after 1997, the budgetary situation steadily deteriorated, government outlays rising as percentage of GDP while tax revenues are 5% lower as a percentage of GDP than in 1988 when the consumption tax was introduced.

    ...


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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
    It is a purely political term used by political people in pursuit of a political goal to gain advantage in a political dispute. And that is admitted and acknowledged by one of the leading pushers of that dishonest term.



    But allow me to indulge your ideological flight of fancy for a moment with a question: if it is indeed a DEATH TAX, what percentage of Americans who meet their DEATH each year pay that DEATH TAX?

    DEATH TAX is an appropriate and accurate description of the TAX, since it only applies to people once they are DEAD.

    As to your question, if I can dodge your kicking and flailing for a moment, I can answer it.

    The percentage of Americans who meet their DEATH each year and are subject to the DEATH TAX is in direct correlation to the number of Estates to which the DEATH TAX applies.


    Is there a flight number for your particular denier flight of fancy?

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

    Quote Originally Posted by SlevinKelevra View Post
    "much of the GDP growth due to govt. spending"
    Ah, well you graph doesn't prove your point then.
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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