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

  1. #11
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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.
    That is a separate issue, not the same as keep tax rates the same.
    Raising taxes has a more significant effect on the market than extending unemployment benefits.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by Ikari View Post
    I don't know, they already took a bunch of my money and gave it to the rich ass banks and lenders who caused this mess in the first place. Seems to me that they're doing a fine job at it. And a quarter of a million dollars a year makes you wealthy. You may not be stupid filthy rich like the true aristocracy, but you're damned well off.
    Man, most of the people pulling $250k a year aren't evil maniacal bankers.
    They are small business owners.

    Direct your anger towards the political class, we don't need this income class warfare.
    It's dumb.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Democrats may stop Bush-era tax cuts for wealthy from expiring

    Quote Originally Posted by Ikari View Post
    Hahah, a big reprieve for families earning over 250,000 dollars. Yeah, that's great. Let's lighten the tax burden on the group not suffering. What about the middle class? Do we even care about those bastards anymore? Or have we abandoned all pretense and have admitted that the government does nothing but serve the elite and new aristocracy?
    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)?

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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.
    Indeed. In a recession like this, if the government is going to take my money and do something with it, they should do something productive. Not bailing out "too big to fail" jerks or rewarding the banks for having behaved so improperly as to crash the system. But rather public works projects. Could of had a real, bonafide, high speed rail system linking the major cities of America. New York to Chicago in a few hours sort of thing. Could have taken the internet as public utility and laid the backbone of a high speed internet system. Could have hired people to start tearing down Detroit since no one lives there. All these things which would have made jobs, but no. Instead my money went to the banks and the lenders and the companies which were "too big to fail". In short, it went to the rich. And now we're still not even talking about proper ways to get out of this recession. We're not talking about temporary public works projects to take a load off unemployment till the private sector could recover. We're talking about tax breaks to people making over a quarter of a million dollars a year. Nice, real nice.
    You know the time is right to take control, we gotta take offense against the status quo

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

    Quote Originally Posted by The Dane View Post
    According to the statement, the 450 plus economists who signed the statement believe that the 2003 Bush tax cuts will increase inequality and the budget deficit, decreasing the ability of the U.S. government to fund essential services, while failing to produce economic growth
    Wow 450 plus economists were wrong, thanks for sharing! In the years since the tax cuts, the deficit decreased and the economy grew.

    Now is this the part where you try to blame tax cuts on the loose monetary policy, non-existent standards for mortgage qualifications - the buying and selling of repackaged trash that spurred the current meltdown?

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

    Quote Originally Posted by Harry Guerrilla View Post
    Man, most of the people pulling $250k a year aren't evil maniacal bankers.
    They are small business owners.

    Direct your anger towards the political class, we don't need this income class warfare.
    It's dumb.
    We already have it with the War on the Middle Class. Damn...Fox News should hire me, I'm awesome at this ****.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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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.
    Do you get what you just said? Cancelling unemployment extensions...as if it was some sort of in place expectation. The correct verbage would be "defeat proposed extensions of unemployment checks" or "extend MORE government bailout dollars because the unemployment rate still blows".

    Where is the effort to reduce unemployment? I mean...other than creating 400,000 temp census jobs...

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

    Quote Originally Posted by Taylor View Post
    Now is this the part where you try to blame tax cuts on the loose monetary policy, non-existent standards for mortgage qualifications - the buying and selling of repackaged trash that spurred the current meltdown?
    Nope, that's the argument which demonstrates that some amount of regulation is necessary.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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

    Quote Originally Posted by Ikari View Post
    We already have it with the War on the Middle Class. Damn...Fox News should hire me, I'm awesome at this ****.
    The middle class have it pretty good.
    Everyone should stop whining.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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

    You are incorrect, corporations are posting very good earnings, they are not in danger of falling under. Weakening consumer spending even more is far more dangerous at this point as alot of economists agree.
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