Page 7 of 36 FirstFirst ... 5678917 ... LastLast
Results 61 to 70 of 355

Thread: Obama will not extend Bush tax cuts to wealthy

  1. #61
    Guru
    tlmorg02's Avatar
    Join Date
    Nov 2007
    Location
    Louisville, Ky
    Last Seen
    07-23-15 @ 11:48 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    3,347

    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by jambalaya View Post
    Their is no logic to the idea that the wealthy are not investing. You don't have to directly invest in a given business, all you have to do is put your money in a bank or in stocks or whatever which is what 99% of wealthy people do. So you cannot say they are not helping the economy "in anyway". It is the government by perponderance of the evidence who is not helping the economy in any way as in Stimulus = No net increase in employment.
    Yes, but those who invest in such means are asking for it to be untouched through tax breaks, if there are no taxes coming from it, and banks are not using the money to loan, then what good is it doing for the economy as a whole, not just for those at the top?

  2. #62
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by Middleground View Post
    I fully realize there are other factors, but without slicing and dicing it, the cuts were supposed to create jobs and it's something that has not happened. The loss of revenue is greater than what the Iraq war has costed, so I think it's time to bring the tax back.
    You can't say that jobs weren't created because unemployment has risen. There are many other factors (as you said) you can't make that bold claim. It makes much more sense to blame threats of new taxes and new regulations.

    Taxing the rich more means less money saved so less capital so less jobs.

    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

  3. #63
    White trash on dope.
    d0gbreath's Avatar
    Join Date
    Jan 2010
    Location
    Denton, TX
    Last Seen
    @
    Gender
    Lean
    Liberal
    Posts
    8,875

    Re: Obama will not extend Bush tax cuts to wealthy

    All fuming, bitching, and bellyaching aside, it's a done deal. Deal with it.

  4. #64
    Guru
    tlmorg02's Avatar
    Join Date
    Nov 2007
    Location
    Louisville, Ky
    Last Seen
    07-23-15 @ 11:48 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    3,347

    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by phattonez View Post
    You can't just increase demand. Production needs to shift to meet new demands. Shifting production will create temporary unemployment, and it will last longer if you propose new taxes and new regulations which causes companies to not be able to predict how much it will cost to hire new workers.
    Of course you can create demand, Apple does it all the time! Marketing and advertising agencies exist to create demand through commercials and the lot. Make people think they need something to fit into society, such actions are done everyday!

  5. #65
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by Mickey Shane View Post
    All fuming, bitching, and bellyaching aside, it's a done deal. Deal with it.
    So the point of a politics DISCUSSION board should be to SHUT UP and accept what happens?

    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

  6. #66
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by tlmorg02 View Post
    Of course you can create demand, Apple does it all the time! Marketing and advertising agencies exist to create demand through commercials and the lot. Make people think they need something to fit into society, such actions are done everyday!
    Advertising merely serves to inform people about products. When demand shifts, you can't keep production where it is. You should shift it to where it is most efficient.

    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

  7. #67
    Sage
    Taylor's Avatar
    Join Date
    Aug 2009
    Location
    US
    Last Seen
    Yesterday @ 09:57 PM
    Lean
    Undisclosed
    Posts
    6,170

    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by Middleground View Post
    I fully realize there are other factors, but without slicing and dicing it, the cuts were supposed to create jobs and it's something that has not happened.
    How so? Unemployment was at historically low levels before the 2008 recession hit.

  8. #68
    Guru
    tlmorg02's Avatar
    Join Date
    Nov 2007
    Location
    Louisville, Ky
    Last Seen
    07-23-15 @ 11:48 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    3,347

    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by VanceMack View Post
    Id recommend you try reading a little about who actually is responsible for creating jobs.
    Lets see, in the modern economy jobs are created by someone or a group want to increase their money through creating a business or investing in one. So, they first need a building which they find by going city to city and getting the most tax incentives to come. They then create a few jobs when they open and pay an average of $35k per year to these employees and the government both local and federal give them further tax breaks for creating the jobs and paying benefits. The employees do not get many raises because profits always need to rise and after all the market is not great right now and if it were I could still go to a developing nation and get labor for the same cheap price or less. After my company has grown to a certain level, I offer options on it publicly and get tax breaks for that, then when I have squeezed my employees for all the production I can I hire a couple of other employees to fill the gaps and get more tax breaks. All the while I have accumulated millions off of the backs of the employees who make my products and have given them little raises because my investors are always wanting more and more on their investment, and I then proceed to bitch when the government looks to ease the burden on my workers and gives them a tax break instead of me. That is how it works.
    Last edited by tlmorg02; 09-08-10 at 02:19 PM.

  9. #69
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: Obama will not extend Bush tax cuts to wealthy

    Look at all the capital you needed to get all of that. You need the rich to back those loans.

    And as an aside, if you offer wages that are too low, then you won't get people to work for you. Just saying.

    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

  10. #70
    Traditionalist
    phattonez's Avatar
    Join Date
    Jun 2009
    Location
    Los Angeles, CA
    Last Seen
    12-05-17 @ 03:45 PM
    Gender
    Lean
    Other
    Posts
    20,072

    Re: Obama will not extend Bush tax cuts to wealthy

    Look at all the capital you needed to get all of that. You need the rich to back those loans.

    And as an aside, if you offer wages that are too low, then you won't get people to work for you. Just saying.

    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

Page 7 of 36 FirstFirst ... 5678917 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •