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Thread: Economy limping back to strength

  1. #61
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    Re: Economy limping back to strength

    Quote Originally Posted by disneydude View Post
    You know full well what I am referring to.

    In your mind, tax cuts for the poor and increasing the tax burden on the wealthy is stealing money from the rich.

    Tax cuts for the rich and increasing the tax burden on the poor and middle class is A-ok. Long live corporate welfare!
    Hmm, I don't know. I thought Bush cut taxes on every level.
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    Re: Economy limping back to strength

    Quote Originally Posted by disneydude View Post
    You know full well what I am referring to.

    In your mind, tax cuts for the poor and increasing the tax burden on the wealthy is stealing money from the rich.

    Tax cuts for the rich and increasing the tax burden on the poor and middle class is A-ok. Long live corporate welfare!
    Yes,come now disney....Provide links to these events.
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  3. #63
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    Re: Economy limping back to strength

    Quote Originally Posted by Phoenix View Post
    Hmm, I don't know. I thought Bush cut taxes on every level.
    Not really. This is really a shell game. By cutting federal taxes he also cut state transfer payments to balance things. Except that states needed those transfer payments. So guess what states did? They raised taxes. So federally, yes taxes went down, but state taxes went up, leaving many people in the same position.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Economy limping back to strength

    Quote Originally Posted by obvious Child View Post
    Not really. This is really a shell game. By cutting federal taxes he also cut state transfer payments to balance things. Except that states needed those transfer payments. So guess what states did? They raised taxes. So federally, yes taxes went down, but state taxes went up, leaving many people in the same position.
    States taxes are less than half what Federal taxes are. State taxes would damn near have to quadriple to match Federal taxes.
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    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: Economy limping back to strength

    Quote Originally Posted by Erod View Post
    China and Russia have LOTS of government. The people live in cracker jack boxes and barely get by.
    Somalia has no government. The people live in cracker jack boxes and barely get by.
    Equatorial Guiana has a medium level of government. The people live in cracker jack boxes and barely get by.

    Besides you are ignoring the simple fact that poverty exists everywhere. What China and Russia have are extremely large spreads between the rich and the poor. And both have exceedingly large amounts of corruption.

    The size of government by itself doesn't tell us much as big government, medium government and no government often result in the outcomes.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Economy limping back to strength

    Quote Originally Posted by apdst View Post
    States taxes are less than half what Federal taxes are. State taxes would damn near have to quadriple to match Federal taxes.
    Depends on your state. Furthermore, depends on your types of income. But state taxes did go up. Look at California about 5 years ago.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Economy limping back to strength

    Quote Originally Posted by apdst View Post
    I am against all that. Why? Because the government can't create wealth.
    Interesting you say that. I guess the many large land owners who contributed to Bush who took advantage of the 100% conservation easement tax credit didn't utilize government rules to create usable wealth. The whole notion of land as wealth is dependent on government to function. Without government to enforce deeds and the legal structure supporting the notion of land ownership, land's value is extremely questionable. Would you buy something that you weren't sure you couldn't own?

    Stop pretending like you understand this subject.

    Btw, care to discuss how Boeing, Raytheon and Lockheed got to where they are now without government spending?
    Last edited by obvious Child; 12-01-09 at 10:04 PM.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Economy limping back to strength

    The only thing I can find about disney's claims about the Bush tax cuts are the following-

    Who Pays Income Taxes? See Who Pays What

    In the link you will find that the tax burden for the bottom 50% of earners decreased every year under Bush while the burden increased every year for the top 50%.
    "The problem in defense is how far you can go without destroying from within what you are trying to defend from without."

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    Re: Economy limping back to strength

    Quote Originally Posted by Strucky View Post

    In the link you will find that the tax burden for the bottom 50% of earners decreased every year under Bush while the burden increased every year for the top 50%.
    If you mean tax burden as a percent of total liabilities, sure they went down.
    But in terms of actual taxes per person, that isn't a logical conclusion from the data set.

    There are a lot of variables that can mess with that data. The number of people, the amount of total income tax. Furthermore, there are plenty more taxes on the federal level then just income. Generally the middle class and poor get hammered by FICA more than the rich.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Economy limping back to strength

    Quote Originally Posted by obvious Child View Post
    Interesting you say that. I guess the many large land owners who contributed to Bush who took advantage of the 100% conservation easement tax credit didn't utilize government rules to create usable wealth. The whole notion of land as wealth is dependent on government to function. Without government to enforce deeds and the legal structure supporting the notion of land ownership, land's value is extremely questionable. Would you buy something that you weren't sure you couldn't own?

    Stop pretending like you understand this subject.

    Btw, care to discuss how Boeing, Raytheon and Lockheed got to where they are now without government spending?
    You don't think the wealthy landowners could hire someone to protect their investment?
    From the ashes.

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