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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

    Many of today's rich were yesterday's middle class, and even poor. That's the part that liberals always leave out: Mobility.

    If a rich guy today was born into poverty, then God bless him, and let him enjoy the fruits of his success.

    Liberals are all about envy. Its very ugly.

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

    Quote Originally Posted by TheDemSocialist View Post
    Really? They do!? They "hire more people"? Just because a company is making more money does not mean they hire more people. If that was true during the "recession" the wealth of the top grew expentionally. By your logic, they should of reinvested that and created more jobs ... The trickle down effect does not work due to the fact it makes the rich richer and the poor poorer, it only increases the gap between the two classes.

    Tax cuts do not guarantee growth either
    then where are all these jobs coming from? according to the last report 252k jobs were added they were private sector jobs. did they just come out of no where?
    no they came from investments and other things made by people.

    *sigh*

    no it doesn't. lower taxes means more disposable income. the fact that poorer people spend that money rather than invest it is why they continue to be poor.
    you can run any calculator. if you just deposit 25 dollars a month into a mutual fund that even gets 10% a year in 50 years you will have saved up 1 million dollars.

    how hard it is it to save 25 bucks a month.
    now save 25 a week. in 45 years in a mutual fund that earns on average 10% a year you will have 1m in 45 years.

    it is a matter of priority. rich people have their priority on investment and savings. poorer people spend spend spend.

    it also is a matter of education. the average rich person has at least a 4 year degree usually they have a masters or higher
    in a high in demand field.

    most of the poorer people you will find either don't have a high school diploma or only a high school diploma.
    they don't have anything more than that.

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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
    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.
    So you want to decide who gets to invest being restricted to those who have money. A bit elitist if you want only venture capitalists to be the source.

    As for banks and others who committed fraud where are the prosecutions? Why not punish those at fault. Have you ever signed the front of a paycheck?
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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
    socialists whine about investment income being taxed less than earned income but what they really don' like is that the wealthy aren't screwed over as much

    socialists really don't believe in even taxation but rather they think the progressive structure of earned income should apply to all taxation

    its a idiotic argument which assumes the progressive structure created by the income tax law is "proper" and other tax structures also created by laws with the same validity as the Income tax law-are "improper
    I'd rather you stuck your discussion of Socialism to those you accuse of it.
    People in Dubai don't like the Flintstones but people in Abu Dhabi do

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

    Quote Originally Posted by ludin View Post
    then where are all these jobs coming from? according to the last report 252k jobs were added they were private sector jobs. did they just come out of no where?
    no they came from investments and other things made by people.

    *sigh*
    Wait a sec...... The top of the pyramids wealth has been in an incredibly increase for the past 6+ years......

    no it doesn't. lower taxes means more disposable income. the fact that poorer people spend that money rather than invest it is why they continue to be poor.
    you can run any calculator. if you just deposit 25 dollars a month into a mutual fund that even gets 10% a year in 50 years you will have saved up 1 million dollars.
    Wait... I thought it meant that the reach would spend more?... Whats going on here? Are you telling me that the rich just hoard their money while the people that actually have to spend their money to live and get by actually spend it? This doesnt sound like "trickle down economics"!

    how hard it is it to save 25 bucks a month.
    now save 25 a week. in 45 years in a mutual fund that earns on average 10% a year you will have 1m in 45 years.
    Yea! Stupid poor people! Follow this advice! Investment advice! C'mon!


    it is a matter of priority. rich people have their priority on investment and savings. poorer people spend spend spend.
    So.... Trickle down economics is a ****ing farce...


    it also is a matter of education. the average rich person has at least a 4 year degree usually they have a masters or higher
    in a high in demand field.
    So.... Trickle down economics is a ****ing farce...


    most of the poorer people you will find either don't have a high school diploma or only a high school diploma.
    they don't have anything more than that.
    So.... Trickle down economics is a ****ing farce...


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

    Quote Originally Posted by TheDemSocialist View Post
    Wait a sec...... The top of the pyramids wealth has been in an incredibly increase for the past 6+ years......


    Wait... I thought it meant that the reach would spend more?... Whats going on here? Are you telling me that the rich just hoard their money while the people that actually have to spend their money to live and get by actually spend it? This doesnt sound like "trickle down economics"!


    Yea! Stupid poor people! Follow this advice! Investment advice! C'mon!



    So.... Trickle down economics is a ****ing farce...



    So.... Trickle down economics is a ****ing farce...



    So.... Trickle down economics is a ****ing farce...
    nope not at all.

    their investments into business make more jobs.
    their savings allowed banks to give out business loans and other loans that are used to create jobs and allows for people to buy things.

    their money doesn't sit in a mattress in their room.
    you hyperbole is just that hyperbole.

    taxing them more does nothing for the poor except make it more difficult for them to actually get a job.
    as investments go down it means less money companies have.

    but I expect non-logic from liberal hacks.
    your job came unless you work for the government came from some rich guy investing and loaning money to your company.

    have you every collected a pay check from a poor person? didn't think so.

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

    TheDemSocialist;1064210760]Wait a sec...... The top of the pyramids wealth has been in an incredibly increase for the past 6+ years......
    So what? there is plenty more room at the top although I can see what is keeping you from getting there? Please tell me how any rich person hurt you or your family as well as prevented you from becoming rich?

    Wait... I thought it meant that the reach would spend more?... Whats going on here? Are you telling me that the rich just hoard their money while the people that actually have to spend their money to live and get by actually spend it? This doesnt sound like "trickle down economics"!
    Why do you care what someone else does with their money? How does that affect you and your family?


    Yea! Stupid poor people! Follow this advice! Investment advice! C'mon!
    In this country poor people do indeed become rich, not so in most socialist countries. So why do you want this country to be like a socialist country?

    So.... Trickle down economics is a ****ing farce...
    Only by someone like you who seems to be incapable of competing in a private sector economy. Still waiting for how any rich person prevented you from becoming rich? You seem to believe the pie is a fixed one, that is a problem with people like you, total lack of understanding of the opportunities available and the fact that our private sector economy grows and there is plenty of room at the top for a lot more people



    So.... Trickle down economics is a ****ing farce...
    Your opinion noted and probably that is the case with you because you probably aren't capable of taking advantage of the opportunities available to you



    So.... Trickle down economics is a ****ing farce...
    The liberal in me feels sorry for you but that is a very small part of me. Saying the same thing over and over again doesn't make it true. Seems to work for most Americans. Ever consider moving out of this country?

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

    Quote Originally Posted by ludin View Post
    nope not at all.

    their investments into business make more jobs.
    their savings allowed banks to give out business loans and other loans that are used to create jobs and allows for people to buy things.

    their money doesn't sit in a mattress in their room.
    you hyperbole is just that hyperbole.

    taxing them more does nothing for the poor except make it more difficult for them to actually get a job.
    as investments go down it means less money companies have.

    but I expect non-logic from liberal hacks.
    your job came unless you work for the government came from some rich guy investing and loaning money to your company.

    have you every collected a pay check from a poor person? didn't think so.
    So let me get this straight. More money in the rich hands make more jobs. We have never seen the level of inequality we see now. Their wealth exploded during the time of the "recession" and yet job growth has been ****.... Underemployment is incredibly high. So they "create jobs"? What jobs? They dont create jobs, they just get more greedy. They outsource jobs. They become more greedy. They dont "reinvest", in the oringal term. Hell, look at Kansas. Kansas did the textbook policy of "trickle down"... Didnt turn out the way they wanted. The people with the wealth increased their wealth, didnt "reinvest" it, they hoarded the wealth. You call this "success", I call it a plutocrats dream.


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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
    So what? there is plenty more room at the top although I can see what is keeping you from getting there? Please tell me how any rich person hurt you or your family as well as prevented you from becoming rich?



    Why do you care what someone else does with their money? How does that affect you and your family?




    In this country poor people do indeed become rich, not so in most socialist countries. So why do you want this country to be like a socialist country?



    Only by someone like you who seems to be incapable of competing in a private sector economy. Still waiting for how any rich person prevented you from becoming rich? You seem to believe the pie is a fixed one, that is a problem with people like you, total lack of understanding of the opportunities available and the fact that our private sector economy grows and there is plenty of room at the top for a lot more people





    Your opinion noted and probably that is the case with you because you probably aren't capable of taking advantage of the opportunities available to you





    The liberal in me feels sorry for you but that is a very small part of me. Saying the same thing over and over again doesn't make it true. Seems to work for most Americans. Ever consider moving out of this country?
    I keep finding that most people that complain about the rich do little themselves to improve their situation.
    they just play the card it's not fair and continue to whine and cry about what someone else has.

    if they want the same thing then it requires work and a lot of work.
    it requires disciplined money management, education and good job skills so that you can advance.

    it requires going out and meeting people.
    it requires something other than sitting around going they owe me.

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

    Quote Originally Posted by TheDemSocialist View Post
    Raising taxes should of been done a long time ago.
    Socialists love that sort of thing, its a way to redistribute wealth, isn't it?

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