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Thread: Health Bill Extends Wage Tax to Investments

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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by Deuce View Post
    It needs to be both, really. The problem is during a recession, reducing spending and raising taxes just amplify the problem.
    Reducing spending, especially in government, is never a bad thing when times are tight. There's plenty of waste that could be eliminated quite easily, IMO. Business and consumers are going to drive the economy, not the blowhards in Washington DC.
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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by Moon View Post
    Reducing spending, especially in government, is never a bad thing when times are tight. There's plenty of waste that could be eliminated quite easily, IMO. Business and consumers are going to drive the economy, not the blowhards in Washington DC.
    Exactly, you cut taxes and reduce spending.......works every time.......JFK did it....Reagan did it and so did President Bush........
    "God Bless Our Troops in Harms Way."

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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by Moon View Post
    Reducing spending, especially in government, is never a bad thing when times are tight. There's plenty of waste that could be eliminated quite easily, IMO. Business and consumers are going to drive the economy, not the blowhards in Washington DC.
    Where exactly do you think government-spent dollars go? Some sort of fire pit?

    It gets paid to someone, who spends it on something, where it gets spent on something else, and so on.

    Reduction in government spending has a similar effect to reduction in consumer spending.

    Quote Originally Posted by Navy Pride View Post
    Exactly, you cut taxes and reduce spending.......works every time.......JFK did it....Reagan did it and so did President Bush........
    Reagan and Bush both increased our debt significantly. Borrow and spend just means you pay later instead of now.
    Last edited by Deuce; 03-20-10 at 08:23 PM.
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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by Navy Pride View Post
    Exactly, you cut taxes and reduce spending.......works every time.......JFK did it....Reagan did it and so did President Bush........

    Reagan and Bush left us with HUGE deficits that Democrats had to come in and clean up.
    you Republicans have a very short and selective memory.
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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by Navy Pride View Post
    Obama's socialist health care program may be approved tomorrow by the slime ball dems but it will never pass the stink test in the SCOTUS.... No where in the U.S. Constitution does it say that you have to have health insurance and you can not be forced to buy it...37 states are already filing law suits against Obama Care.....

    Thank God this piece of crap will be thrown out.........
    Sorry Navy....Obama and the Democrats are going to protect your ass despite every effort from you Republicans to prevent it.
    This time around, your precious corporate insurance companies are going to lose and the American people are going to win this round.
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by Deuce View Post
    Where exactly do you think government-spent dollars go? Some sort of fire pit?

    It gets paid to someone, who spends it on something, where it gets spent on something else, and so on.

    Reduction in government spending has a similar effect to reduction in consumer spending.



    Reagan and Bush both increased our debt significantly. Borrow and spend just means you pay later instead of now.
    And the deficit under Obama in a little over a year is 3 times what it was when Bush left office and with Obama care it will be 5 times over it...........
    "God Bless Our Troops in Harms Way."

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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by Deuce View Post
    Where exactly do you think government-spent dollars go? Some sort of fire pit?

    It gets paid to someone, who spends it on something, where it gets spent on something else, and so on.

    Reduction in government spending has a similar effect to reduction in consumer spending.



    Reagan and Bush both increased our debt significantly. Borrow and spend just means you pay later instead of now.
    So the government is better at spending the money we earn through our own efforts than we are? Sorry, don't buy it, never have. Whether it gets paid to someone in New York when I live somewhere is really insignificant in the scope of the local economy. I'd rather my money go to pay for goods and services where I live, than to line the pockets of some lobbyist or grant to study flea farts, neither of which will do much for the economy as a whole.
    "I believe in a Spinoza's God who reveals himself in the harmony of all that exists, but not in a God who concerns himself with the fate and actions of human beings."

    --Albert Einstein, 1929

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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by RightinNYC View Post
    You and others keep on making this argument, but repetition doesn't make it any more reasonable.

    Why don't you look up what percentage of people fell into the highest tax bracket back when the top marginal rates were that high.
    Because that will prove what?

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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by NoJingoLingo View Post
    Because that will prove what?
    It will help you understand why it's facile to claim that because the tax rates were higher in the past, tax rates should be increased now.

    Setting aside the fact that you've offered zero evidence that higher taxes in the past actually had a positive impact on the economy, if the top marginal tax rate in the past only applied to income over a exceedingly high amount, then that information is absolutely useless in determining what our top tax rate should be today.
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    Re: Health Bill Extends Wage Tax to Investments

    Quote Originally Posted by RightinNYC View Post
    It will help you understand why it's facile to claim that because the tax rates were higher in the past, tax rates should be increased now.

    Setting aside the fact that you've offered zero evidence that higher taxes in the past actually had a positive impact on the economy, if the top marginal tax rate in the past only applied to income over a exceedingly high amount, then that information is absolutely useless in determining what our top tax rate should be today.
    That's a whole lot of babble. You have no evidence that it wouldn't have a positive effect. We did have prosperity, and when you take into account the deficit and the increase in wealth for the top tax rate it doesn't take a genius to figure out where all the money went. Therefore taxing their good fortune gained at the expense of the majority of the country seems reasonable to me. I understand that the Reaganites can't stand to hear such things. We've all listened to your ilk too long and now look at the mess.

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