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Thread: Key Tax Breaks at Risk as Panel Looks at Cuts

  1. #81
    Banned Goobieman's Avatar
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    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by Kandahar View Post
    It's really just semantics.
    No, its not.
    Allowing someone to keep something they have so they can spend it -promotes- that something.
    Giving someone money so they can spend it on something -provides- that something.
    Conceptually, these are significantly different ideas.

    Well...the government has less money to spend, and the targeted beneficiaries (in this case homeowners) have more money to spend. That's basically the same as any other wealth redistribution programs...
    Except that it isn't. as the weath stays with the person that earned it, and then spent by him. Its not taken from anyone nor redistributed to anyone.

    That's a perfect example of using the tax code for social engineering, which I thought you were against.
    That doesnt at all follow from what I said.
    NOT taxing to promote the general welfare is an entirely different animal than taxing tp provide for the general welfare.

    So then, would it be accurate to say that your opposition to "artificially supporting the weak, slow, sick, and stupid" is merely based on the fact that you don't think it successfully promotes the general welfare, rather than any opposition to the government power itself?
    Artificially upporting the 'weak, slow, sick, and stupid' - that is, providing direct welfare - is conceptually completely different than promoting the general welfare.
    Promoting the general welfare has to do with people using their own means as opposed ot being given the means to do something by someone else.

    They don't have to, they could just do the same type of wealth redistribution that the feds currently do. For example, let's say that in a certain city, the average homeowner saves $4,000 per year due to the mortgage interest deduction. If it was abolished, the city could just tax the renters enough to give all the homeowners a $4,000 subsidy (or "tax cut" if you like).
    This makes no sense whatsoever.

  2. #82
    Banned Goobieman's Avatar
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    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by Kandahar View Post
    Probably because the rates were high enough, even with the deduction, to make mortgages sufficiently unattractive to most people. When you have low rates and you make them even lower through government policy, it's going to cause a bubble.
    So the rates, not the deduction is the determiner. That's what I said.

  3. #83
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    Re: Key Tax Breaks at Risk as Panel Looks at Cuts

    Quote Originally Posted by liblady View Post
    it's a PANEL that will make recommendations. as i said, let me know when they make law, or better yet, let me know when obama breaks that promise.
    Obama wants to raise taxes on everyone making $200,000+. So, there ya are.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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