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Thread: Democrats may stop Bush-era tax cuts for wealthy from expiring

  1. #131
    Banned Goobieman's Avatar
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by The Dane View Post
    Canceling unemployment extensions in a recession is stupid. Especially on the horizon of a double dip.
    The unemplyment benefits were not cancelled, they expired as specified by law.
    The opposition to extending them was soundly based on the billions of dollars they wold add to the deficit.

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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by disneydude View Post
    You posted a weak analysis that argues it didn't affect unemployment figures, which we know is not true. Unemployment is down, not by much but it is down.
    What you don't address, however, is that ever other economic indicator shows the economy is responding.


    But that's just "natural cycle".....right? LOL.....
    Unemployment has changed little and the stock market is still unpredictable. I t keeps dipping below 10,000 and then bounces back

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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by The Dane View Post
    Canceling unemployment extensions in a recession is stupid. Especially on the horizon of a double dip.
    Borrowing money from China to pay for it is also stupid.... which was the reason the Republicans were against it, they wanted to obey the law (pay go) the dems passed and seem to have forgotten about.
    There is no such thing as a “Natural Born Dual-Citizen“.

    Originally Posted by PogueMoran
    I didnt have to read the article to tell you that you cant read.

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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by Erod View Post
    Fortunately, virtually everyone knows - especially voters - that this is utter BS.

    Obama has tripled the spending of Bush in a year and a half, and there appears to be no end in sight. Time to cut his nuts off in November, watch him flutter in the wind for two years, and then oust the disaster in 2012.

    Of course, the Republicans will probably be challenging Hillary by then because even Democrats are recognizing the joke they just elected.
    Are you really Jesse Jackson?

    Never mind, carry on.
    There is no such thing as a “Natural Born Dual-Citizen“.

    Originally Posted by PogueMoran
    I didnt have to read the article to tell you that you cant read.

  5. #135
    warrior of the wetlands
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by disneydude View Post
    Try again....your figures are off
    this is coming from a guy who is always wrong.

    why don't you tell me what the true figures are.



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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by Harry Guerrilla View Post
    Raising taxes during a recession is stupid.
    Raising taxes when the economy is growing is even more stupid.

    When the economy is growing, people are getting jobs and the government should be spending less on the parasitic socialist programs which promoted as being necessary aids during hard times.

    And if the taxes aren't hiked during a growing economy, it allows the economy to grow even more, and ... hopefully you get the picture.

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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by VanceMack View Post
    What do you suggest they do for the lower income groups? another 24 dollars a month 'rebate' that you have to claim on your taxes (and since you saw it in the form of a 12 dollar a paycheck increase you probably didnt 'see' it at all)?
    I suggest they cut taxes and eliminate many burdensome regulations and cancel many interfering government projects, which will encourage investment, job growth, and stability in the markets.

    Poor people don't need money stolen from their neighbors, they need productive jobs so they can pay their own damn bills.

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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by Ikari View Post
    And if you don't think people would use an actual high speed rail system, then you're stupid. Because the high speed rail system can link Denver to Chicago in a matter of hours, there's not the security hassle you'll get on planes, it'll probably be cheaper too. It's great not only for tourists wanting to maybe spend a day or weekend in say New York City, but for business men too giving an alternative to driving or flying. And the majority of internet usage, BTW, isn't for porn. If you wish to be logical and rational and honest, we can talk about the differing ways government could have been used to have a better effect on lessening the effects of this recession. If you want to go on your hyperbole and intellectually dishonest path; have fun at it but you'll be ignored.
    That's just a pipe dream. There will be just as much security for a train going 300 mph at ground level as there will be for an airplane travelling 550 mph in the stratosphere.

    More, actually, because most of the route an aircraft travels is secure from terrorist attacks, and only at airports is an airplane vulnerable to external attack.

    Every single inch of a high speed rail line will be accessible to anyone with a desire to damage it.

    Then again, of course, if the market wanted a high speed choo-choo, then the market would fund it. Why should the government fund a competitor to Amtrak, when the subsidies for Amtrak often exceed the price of a ticket to fly to the same place?

    No, besides the fact that no libertarian wants the government to provide any services the government isn't supposed to provide, and that includes any and all forms of transportation, besides the fact that high speed rail is irrelevant to the issue of the coming Obama tax increases, the simple fact of the matter is that raising taxes will simply drag the economy down.

    It will have no other effect.

  9. #139
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by drz-400 View Post
    Raising taxes or cutting unemployment benefits would actually do the same thing. Reduce disposable income. The only difference is who it affects, and how much those respective people will save or spend.
    No.

    Raising taxes increases the amount of money stolen from those who produce, lowering their incentive to produce.

    Refusing to extend unemployment payouts reduces the amount of money stolen from those who produce, thereby increasing their incentive to produce AND incentivizing those who don't produce to find a job.

    Not to mention the little fact that people with jobs do not owe a living to those who do not.

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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by TurtleDude View Post
    yeah those doctors and small business owners making 300K or those retirees who invested wisely are real aristocrats. Maybe if the middle class were paying more than half of each next dollar they make in income taxes (State and federal) they would stop voting for tax hiking politicians or spendthrifts. How does the government serve the wealthy when the wealthy pay 40% of the income tax yet make only 22% of the income?
    The problem is that too many people don't pay any taxes at all, and those people aren't averse to raising taxes on others, and they're not averse to voting for people who promise them even more money for nothing, and they're even eager to vote for politicians who promise to raise the "Earned Income Tax Credit" welfare plan.

    A flat tax that sensibly taxes all Americans at the same rate would go far to removing the ridiculus steal-and-spend programs in place now.

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