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Thread: The 1% will own more than the 99% by 2016, report says

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by TurtleDude View Post
    many of those who voted for Reagan (I did not in 80-I was part of the Clark campaign) did so because they were tired of the confiscatory tax rates
    I'm sure they did. It's another discussion, though.

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Bob N View Post
    Really? You don't? How in the world can anyone see information like what one reads in the OP and not be moved enough to see the bigger picture is beyond me.

    1% ( a small sliver of people.) owning 99% (1 more percent and they would practically own you and all of your belongings too, in a sense.) of the wealth. And you are not moved by that huh? Amazing!
    Oh please stop....Our poor are richer than 99% of the world....Address that one.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by JasperL View Post
    I don't know about you, but what most people care about is how much in taxes they pay. And if on the same income, the amount of taxes they have to pay goes UP, that's commonly referred to as a 'tax increase.' Most people don't care all that much WHY - they just know they had to send in more money.

    Obviously the American people got it and benefited from the Reagan stimulus. Reagan won 49 states in 1984. That says it all and shows that the Reagan positive results were recognized.

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Bob N View Post
    Really? You don't? How in the world can anyone see information like what one reads in the OP and not be moved enough to see the bigger picture is beyond me.

    1% ( a small sliver of people.) owning 99% (1 more percent and they would practically own you and all of your belongings too, in a sense.) of the wealth. And you are not moved by that huh? Amazing!
    They don't own 99% . They own more than the other 99% of the world. They own just over 50%, not 99%
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Conservative View Post
    Obviously the American people got it and benefited from the Reagan stimulus. Reagan won 49 states in 1984. That says it all and shows that the Reagan positive results were recognized.
    And the American people didn't care that the huge tax cut (3% of GDP) of ERTA 1981, was followed with tax increases (1% of GDP) with TEFRA 82.

    Sheesh, is Reagan's status as modern day conservative saint so fragile that we can't speak of documented events in the public record?

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by JasperL View Post
    And the American people didn't care that the huge tax cut (3% of GDP) of ERTA 1981, was followed with tax increases (1% of GDP) with TEFRA 82.

    Sheesh, is Reagan's status as modern day conservative saint so fragile that we can't speak of documented events in the public record?
    You don't get it at all and probably never will. Every American that earned income got a tax cut, taxes were increased on use items and loopholes were cut back to the intent of those taxes in the first place. Taxes were created to fund certain programs and services and loopholes were created. Reagan eliminated many of those loopholes. Most people benefited from the Reagan stimulus which had no spending in it and actually stimulated the private sector which created the jobs. Sorry but you apparently weren't old enough to understand the conditions Reagan inherited and the leadership shown

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Conservative View Post
    You don't get it at all and probably never will. Every American that earned income got a tax cut, taxes were increased on use items and loopholes were cut back to the intent of those taxes in the first place. Taxes were created to fund certain programs and services and loopholes were created. Reagan eliminated many of those loopholes. Most people benefited from the Reagan stimulus which had no spending in it and actually stimulated the private sector which created the jobs. Sorry but you apparently weren't old enough to understand the conditions Reagan inherited and the leadership shown
    ERTA was a big tax cut. But TEFRA was (in equivalent terms) a $150 billion tax increase.

    And Reagan tripled the debt, so of course his "stimulus" had spending in it - deficit spending is stimulus.

    You're also probably right about me not getting it - I voted for Reagan in 1984, and for Bush in 1988 and 1992... I even used to listen to Rush Limbaugh!

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by JasperL View Post
    ERTA was a big tax cut. But TEFRA was (in equivalent terms) a $150 billion tax increase.

    And Reagan tripled the debt, so of course his "stimulus" had spending in it - deficit spending is stimulus.

    You're also probably right about me not getting it - I voted for Reagan in 1984, and for Bush in 1988 and 1992... I even used to listen to Rush Limbaugh!
    TEFRA did not affect all income earners which of course you don't seem to understand. Reagan didn't triple the debt by himself and you ought to know that. There was no spending in the stimulus and if you researched the Reagan stimulus you would know that. Compare that to Obama's

    Reagan's second term wasn't a good one and was due to the onset of the disease that eventually took his life and the Hinckley shooting. It was Reagan leadership that brought us out of the double dip and please do some better research before spouting the rhetoric.

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Conservative View Post
    TEFRA did not affect all income earners which of course you don't seem to understand.
    Didn't claim that it did - but it was a $150 billion tax increase.

    Reagan didn't triple the debt by himself and you ought to know that. There was no spending in the stimulus and if you researched the Reagan stimulus you would know that. Compare that to Obama's
    Of course - no POTUS can do anything by himself. So it was the Tip O'Neill/Reagan Tax Cuts of 1981!

    Reagan's second term wasn't a good one and was due to the onset of the disease that eventually took his life and the Hinckley shooting. It was Reagan leadership that brought us out of the double dip and please do some better research before spouting the rhetoric.
    Sorry to besmirch the good name of St. Ronaldo by describing historical facts....

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    Re: The 1% will own more than the 99% by 2016, report says

    Quote Originally Posted by Dittohead not! View Post
    They don't own 99% . They own more than the other 99% of the world. They own just over 50%, not 99%
    Fine. Even that amount is scary.

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