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Thread: Obama will not extend Bush tax cuts to wealthy

  1. #41
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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by tlmorg02 View Post
    You are claiming that 98% of the population is pandering to the lowest common denominator?
    I am stating that pandering to people...telling them what they want to hear is ABSOLUTELY pandering to the lowest common denominator. If tax cuts for the rich are a bad thing then why are tax cuts for the middle income a 'good thing'? Its not unlike Obamas last stimulus plan. Everyone that made money got it...did you know that? What did everyone hear? hey...we are giving you a tax break...a 'stimulous' (and the masses cheered wildly...LOOK how much they care...LOOK what they are doing for us). And you know what it amounted to? 12 dollars every two weeks. How did that 'stimulus' thing work out for you?

    Like I said...its something...but it aint leadership.

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by jambalaya View Post
    Except that even when the wealthy are not "spending" it helps the economy. Wealthy people do not put their money under a mattress, they invest it which frees up more money to lend to small businesses. So now you want to take the money away from them and invest it in the worst possible place: The Federal Government.
    Most of that money will get eaten up in bureaucracy and corruption and what little is left spent on programs that perpetuate poverty, illiteracy and social and economic stagnation.
    Except the wealthy are not investing nor creating jobs, so no they are not helping the economy in anyway.

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by VanceMack View Post
    I am stating that pandering to people...telling them what they want to hear is ABSOLUTELY pandering to the lowest common denominator. If tax cuts for the rich are a bad thing then why are tax cuts for the middle income a 'good thing'? Its not unlike Obamas last stimulus plan. Everyone that made money got it...did you know that? What did everyone hear? hey...we are giving you a tax break...a 'stimulous' (and the masses cheered wildly...LOOK how much they care...LOOK what they are doing for us). And you know what it amounted to? 12 dollars every two weeks. How did that 'stimulus' thing work out for you?

    Like I said...its something...but it aint leadership.
    Taxes for the Middle Class are always good because the Middle Class is the consumer body and machine of the economy.

  4. #44
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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by tlmorg02 View Post
    Except the wealthy are not investing nor creating jobs, so no they are not helping the economy in anyway.
    Saved money plays no role in the economy? They are not investing in the stock market?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  5. #45
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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by tlmorg02 View Post
    Taxes for the Middle Class are always good because the Middle Class is the consumer body and machine of the economy.
    The middle class does not provide capital. They do not save enough money nor invest enough to do that. You can't have jobs with no capital.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by phattonez View Post
    Saved money plays no role in the economy? They are not investing in the stock market?
    Have you been paying attention to the market lately?

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by tlmorg02 View Post
    So you really believe it was not the investment banks and derivatives brokers that caused the crisis?
    It absoplutely was not. The investment bankers didnt drive housing markets higher and higher. The investment bankers didnt force people to get loans. That was the idiot that made 55k a year and decided if he rolled his truck, car, and television payments into his home loan and consolidated then he could afford a 600k home with a mortgage of 3k a month...provided they never went out to lunch, never had any car problems, convinced the kids to fast 1 day a week and only eat 1 meal a day. And of course once the variable interest rate kicked in they could refinance because the home value would have appreciated significantly...

    Everyone plays a part...but its that 98% that you mention...they are the ones that drove the housing market into the toilet.

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by tlmorg02 View Post
    Taxes for the Middle Class are always good because the Middle Class is the consumer body and machine of the economy.
    The middle income group is the majority consumer market. The upper income drives the investment and job creation market. You cant have one without the other. And your positions are 'populist'.

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by winston53660 View Post
    Have you been paying attention to the market lately?
    I had two questions: are the rich not investing in the stock market? Are the rich not saving money?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by tlmorg02 View Post
    Except the wealthy are not investing nor creating jobs, so no they are not helping the economy in anyway.
    Id recommend you try reading a little about who actually is responsible for creating jobs.

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