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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 upsideguy View Post
    I agree that is a part of the story; but only a part. Also playing into this is the decline of unions (that would have also acted to keep some companies from off-shoring manufacturing)Attachment 67179244


    However, if you simply look at the multiple of CEO pay to average workers and minimum wage workers, you will note that wealth (in this case, income) disparity has widened significantly without even considering the middle class. Moreover, CEO pay has widened vis-a-vis corporate profits, showing CEO's are getting more "pie" than ever (the fat cats are getting fatter)

    Attachment 67179243


    http://www.bloomberg.com/news/2013-0...ec-delays.html
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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
    I agree that is a part of the story; but only a part. Also playing into this is the decline of unions (that would have also acted to keep some companies from off-shoring manufacturing)Attachment 67179244


    However, if you simply look at the multiple of CEO pay to average workers and minimum wage workers, you will note that wealth (in this case, income) disparity has widened significantly without even considering the middle class. Moreover, CEO pay has widened vis-a-vis corporate profits, showing CEO's are getting more "pie" than ever (the fat cats are getting fatter)

    Attachment 67179243


    CEO Pay 1,795-to-1 Multiple of Wages Skirts U.S. Law - Bloomberg
    How many in the middle class join unions?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Napoleon View Post
    The 47% are the 47% because money doesn't trickle-down. The bottom 50% only possess 2% of the nation's wealth.
    LOL, your opinion is noted. So if you cut taxes on those 47% who don't pay any taxes how much in revenue is the govt. going to get

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

    Quote Originally Posted by Gimmesometruth View Post
    Private GDP? LOL....we were discussing US GDP, which includes G, if G declined as GDP gains were realized, the gains could not come from a declining contribution.

    Please...stop.
    Can't tell if you are being serious. A graph that plots Government spending as a % of GDP has already differentiated between government contribution to GDP and private sector GDP.

    You aren't suggesting that Government spending is not counted towards GDP, are you?
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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by iguanaman View Post
    Actually it is the middle class tax cuts that will help the middle class. The tax increases are to pay for them. I guess it is a foreign language to you but some actually think you need to pay for what you spend. We are sorry that we gave the wealthy too many breaks that now need to be re-evaluated. We led you on and for that we are sorry but some of them need to go back. Capital gains need to go back to what Ronald Reagan proposed...I know...the horror.
    Obama can spend all he wants of his money, but when he steals it out of my pocket and yours, that's when I draw the line. I'm also in agreement with you when you apply that same philosophy to those sucking the welfare teat. If you want to suck, you work, whether it's digging a ditch or making beds in a motel. You try to find work, and you work at it, but don't come to me and demand your welfare check when you gave given nothing back to the society that is supporting you.

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

    Quote Originally Posted by iguanaman View Post
    I think the problem is that you are too self-serving to be a creditable debater especially when you claim to be well-off. The Govt. has'nt prevented you from becoming wealthy has it? Have you even thought of the possibility that your fictional "less Govt." might have?
    You sound jealous. Does that mean that you didn't work as hard for your fortune, even though you had the same chance as he?

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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
    I followed your link:



    It does not say that there is a tax on the death of a person. It says that the tax on the estate and inheritance and other taxes that are imposed because of the death.

    Why do you insist on being so personally insulting in your replies? Why can't you simply present the information without all the attached slights, attacks and insults that you throw in?

    Do you know what a Boston Cream Pie is?
    Oh please hay. I've read your posts for quite some time, so let's not get indignant about tone now that you've been shown your wrong, about a dozen times. They are called DEATH TAXES. The IRS calls them DEATH TAXES. That's what they are. Deal with it.

    Move on.

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

    My sincere apology, I did not open the link to see the St. Louis Fed breakdown, now exactly what is your point. You think govt. spending is the answer? Where does the govt. get that money? If you are truly a big govt. liberal then you live in the wrong country because this country wasn't built on that principle, but rather a small central govt. with a part time legislature and power resting at the state and local level. Do you have any idea as to the true role of the Federal Govt. or your state and local governments?

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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
    The conservative bubble is, as cheney put it, "deficits don't matter" but off course they DO matter when the GOP is out of the white house.. . . . .
    Ridiculous, and out of context.

    If a person has a couple of credit cards and runs up a little balance on them (debt) that's normal.

    If a person has a couple hundred credit cards, maxed out, then gets new cards to pay the payment on the others, that's insane!

    The former is what Cheney referred to.
    The latter is what the idiot Obama has done.

    Wake up man.

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

    Quote Originally Posted by TerryOfromCA View Post
    Ridiculous, and out of context.

    If a person has a couple of credit cards and runs up a little balance on them (debt) that's normal.

    If a person has a couple hundred credit cards, maxed out, then gets new cards to pay the payment on the others, that's insane!

    The former is what Cheney referred to.
    The latter is what the idiot Obama has done.

    Wake up man.
    Context never matters to a liberal and they will continue to ignore that Obama proposed a 3.9 trillion dollar budget for this year which was rejected so now he is taking credit for reducing the deficit to still record highs which continues to add billions to the debt. Further we have a debt today exceeding our annual GDP which never happened under either Reagan or Bush.

    Liberals will trumpet the call for higher taxes on those evil rich people even though it is a drop in the bucket in terms of projected revenue even if the assumptions are true because it punishes producers and makes liberals feel good.

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