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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
    What a bunch of bull****, the Rich aren't the problem liberal bureaucrats are as are the people that support them. You make up this bs based upon what you are told with no specifics to support your contention. There aren't enough that outsource or keep wages low to make a difference but that doesn't stop you from making the claim and hurting the vast majority in this to make a living for their family. Rather sad to see people like you spouting rhetoric not backed by any facts.
    You are the one without facts. There is plenty of data that suggest we are on course for disaster. Without a healthy middle class there will be no more America to be prosperous in. You need to face it, supply-side economics has failed and without change it is unsustainable. The wealthy can't keep racking up a larger and larger share of the economy forever. It will all come crashing down on our heads.

    Income trends among 90% of Americans are relatively unchanged over the last decade. Nearly all segments of the population are moving relatively in proportion. Which is to say, they're barely moving at all.

    But look at the top 10th percentile and a different story begins to emerge. The super wealthy are getting much richer, as everyone else's incomes are practically stagnant.

    In 2009, the richest 10% of Americans accounted for about half the nation's wealth. Narrow that focus a bit further, and the trend is even more alarming. The top 0.1% -- those who make at least $2 million each year -- controlled 10% of the economy.

    That's a far cry from the 1950s, when the suburban American dream ruled: the bottom 90% of Americans controlled about 68% of the economy
    How the rich became the

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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
    You are the one without facts. There is plenty of data that suggest we are on course for disaster. Without a healthy middle class there will be no more America to be prosperous in. You need to face it, supply-side economics has failed and without change it is unsustainable. The wealthy can't keep racking up a larger and larger share of the economy forever. It will all come crashing down on our heads.



    How the rich became the
    encouraging class warfare, dependency on government handouts and bloated government is the real recipe for disaster-not the lack of collectivist income redistribution that the socialist left always clamors for so they can pretend they are helping the failures while dipping their beaks into the stream of confiscated wealth and gaining wealth and power from the votes of those given the money of other



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

    Quote Originally Posted by AliHajiSheik View Post
    Ok, so government should not encourage risk investing. I have to ask: have you ever signed the front of a paycheck?
    There is a glut of money out there for risk investing, so much that the banks drive to get some of it caused the Great Recession. I think we can stop encouraging it now.

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

    Quote Originally Posted by Roadvirus View Post
    Democrats never met a tax they didn't like.
    Bingo!

    Quote Originally Posted by TheDemSocialist View Post
    Been waiting for that wealth to "trickle down" for about 25+ years. Whens it gonna happen?
    When you quit sniveling and go get a real job.

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

    Quote Originally Posted by Blue_State View Post
    Submit a budget, let's debate it, show what you want to add with the tax money and let's if we can justify a tax increase.

    I don't think it can be done.
    The government needs to learn to manage money. Once they do that, I believe that tax decreases would be justified.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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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
    encouraging class warfare, dependency on government handouts and bloated government is the real recipe for disaster-not the lack of collectivist income redistribution that the socialist left always clamors for so they can pretend they are helping the failures while dipping their beaks into the stream of confiscated wealth and gaining wealth and power from the votes of those given the money of other
    You always seem to forget that without the 90% out there working for you and buying your products, you would be in trouble too. It is not about class warfare that is your meme. It is about the survival of all classes. One can't live without the other.

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

    Quote Originally Posted by apdst View Post
    The government needs to learn to manage money. Once they do that, I believe that tax decreases would be justified.
    Perhaps we should start by not starting wars we can't afford and weapon systems that are obsolete before they are deployed.

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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
    Perhaps we should start by not starting wars we can't afford and weapon systems that are obsolete before they are deployed.
    Or, we could stop paying Federal employees when they don't show up to work, or stop paying Federal employees when they show up for work and do nothing, or stop paying Federal employees when they show up for work and surf internet porn, or stop paying performance bonuses to Federal employees who don't perform. Or...OR...we could stop paying hundred thousand dollar per year pensiins to people like Lois Lerner. Shall I keep going?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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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 don't blame the wealthy they don't know any better but the income inequality spiral cannot continue indefinitely without bringing down all of us in a painful way. Now that Republican are also talking about the income gap I would have thought you would be less of a prick about looking at ways to at least moderate the trend. I do understand that you want to protect that nest you have been feathering but doing nothing will endanger it too.



    How the rich became the
    Do you feel guilty about what you earn? What exactly is preventing you from being in that class that you seem to hate? You post charts that have no names or pictures on them therefore you can spout your anti rich rhetoric. Do you begrudge Bill Gates and all the millionaires he made? How about Steve Jobs? How about Mark Zuckerberg? This became the greatest country on the face of the earth in spite of people like you and your attacks on what others make but not what you make.

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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
    You are the one without facts. There is plenty of data that suggest we are on course for disaster. Without a healthy middle class there will be no more America to be prosperous in. You need to face it, supply-side economics has failed and without change it is unsustainable. The wealthy can't keep racking up a larger and larger share of the economy forever. It will all come crashing down on our heads.



    How the rich became the
    Tell me how Bill Gates, Mark Zuckerberg, Steve Jobs affected the charts you are posting or all the other rich people who created wealth for themselves and others? I asked you a question in another post, look forward to the answer but doubt I will get one.

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