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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 Conservative View Post
    Obama to call for new tax increases in State of the Union address | Fox News

    Let's here it Obama supporters how does taxing the rich benefit the U.S. economy and how much money is going to be generated to fund the liberal spending appetite?

    Class warfare is never going to solve the problems we face in this country and what ever happened to incentive to create more upper class individuals? Growing up I always strove to generate enough money to pay for a family that I hoped to have and fund charities that I want to support. My education process taught me the value of hard work and the desire to succeed. What happened to that philosophy in today's world? Why is it the Federal Government's role to tell the private sector where to spend its own money and on what?
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by SocialDemocrat View Post
    It's not about "penalizing risk taking." People who actually work for their income are punished under the current taxation system because they have a higher tax rate than those who pay capital gains tax.
    I work for my income. So does my husband. I also have investments which came about by us making investments with our earnings that we already paid taxes on. Believe it or not, some people actually both work and invest.
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by jmotivator View Post
    Ah, well you graph doesn't prove your point then.
    uh, it exactly proves my point

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

    A Democrat calling for a tax increase; in other news the sky is blue.
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    Re: Obama to call for new tax increases in State of the Union address

    More like tax revenues being REPLENISHED, after extremely unwise tax cuts since 1983.

    I can only repeat former Senate Majority Leader Dole, who led the implementation of these tax cuts, along with Sen. Simpson of Simpson/Bowles fame.

    The both called these tax cuts the very worst thing they did in their careers, after retiring of course .
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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
    uh, it exactly proves my point
    Insofar as you had a point, no, it didn't prove it.

    A change in the Government spending as a % of GDP doesn't prove or disprove any cause and effect of that spending on GDP.

    In fact, if, for example, Government spending resulted in an ROI of 50%, then the % of GDP would drop while Government spending increased. But if the government was shoveling that same cash into dead end projects like Solyndra and the private sector was in an oil boom you would get the same curve. Which scenario is your curve demonstrating? It doesn't say and I dare to venture a guess that you have no idea.
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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
    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.
    And what would that be?
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by jmotivator View Post

    A change in the Government spending as a % of GDP doesn't prove or disprove any cause and effect of that spending on GDP.
    It looked like con argued that the rise in GDP was a result of fed spending, you seem to be arguing against con.
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by jmotivator View Post
    Insofar as you had a point, no, it didn't prove it.

    A change in the Government spending as a % of GDP doesn't prove or disprove any cause and effect of that spending on GDP.

    In fact, if, for example, Government spending resulted in an ROI of 50%, then the % of GDP would drop while Government spending increased. But if the government was shoveling that same cash into dead end projects like Solyndra and the private sector was in an oil boom you would get the same curve. Which scenario is your curve demonstrating? It doesn't say and I dare to venture a guess that you have no idea.

    his point was not about multipliers or ROI.

    his point was that the GDP increased ("much") due to an increase in the "G" component in the equation that defines GDP. Which is of course completely at odds with what the data I provided show.

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

    Quote Originally Posted by NIMBY View Post
    More like tax revenues being REPLENISHED, after extremely unwise tax cuts since 1983.

    I can only repeat former Senate Majority Leader Dole, who led the implementation of these tax cuts, along with Sen. Simpson of Simpson/Bowles fame.

    The both called these tax cuts the very worst thing they did in their careers, after retiring of course .
    LOL, more money needed by the Congress and this Administration, what a surprise? What isn't a surprise is how nave and gullible you are when it comes to liberal rhetoric and failed promises. How much is enough for you? Imagine that a politicians not supporting the taxpayers keeping more of what they earn. Who gets hurt by you keeping more of what you earn, your family?

    What bothers me is the continued brainwashed statements by people like you who have no problem with the way Congress and the President spends our money so rather than correct the problem you want to throw more money at it. Brilliant liberal economics, feed the bear and hope he won't eat you

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