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Thread: White House Concedes on Upper Income Tax Cuts

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    Re: White House Concedes on Upper Income Tax Cuts

    Quote Originally Posted by The Giant Noodle View Post
    Yup score one for the GOP. They won. And now America loses. Thanks GOP!
    you are one strange libertarian if you are against tax cuts. of course this forum has its share of socialist class warfare waging "libertarians" who have declared a fatwah on the rich and successful



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    Re: White House Concedes on Upper Income Tax Cuts

    Quote Originally Posted by TurtleDude View Post
    you are one strange libertarian if you are against tax cuts. of course this forum has its share of socialist class warfare waging "libertarians" who have declared a fatwah on the rich and successful
    it's that bizzaro world european style libertarianism where you have some minor disagreements with Karl Marx, but want to pretend your something else entirely.

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    Re: White House Concedes on Upper Income Tax Cuts

    Quote Originally Posted by Taylor View Post
    No... the only way to the balance the budget is to reduce spending. Raising taxes would offset a small portion of our excesses, but would fall far, far short of "meeting budget challenges." Raising taxes would also slow what is already an anemic recovery.
    May I add not only reducing spending by cutting, gutting and slashing that bloated piece of overreaching dung called the federal government, but reducing taxes to encourage economic activity... and increasing tax revenue. It's worked every time it is tried.

    JFK knew it and tried to educate the nation about it. Think of that!!!
    But today we have Marxists that aim to punish the wealth producers. It's sick... just like the sickly party that promotes this claptrap.

    In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now. The experience of a number of European countries and Japan have borne this out. This country's own experience with tax reduction in 1954 has borne this out. And the reason is that only full employment can balance the budget, and tax reduction can pave the way to that employment. The purpose of cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.

    I repeat: our practical choice is not between a tax-cut deficit and a budgetary surplus. It is between two kinds of deficits: a chronic deficit of inertia, as the unwanted result of inadequate revenues and a restricted economy; or a temporary deficit of transition, resulting from a tax cut designed to boost the economy, increase tax revenues, and achieve--and I believe this can be done--a budget surplus. The first type of deficit is a sign of waste and weakness; the second reflects an investment in the future.

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    Last edited by zimmer; 11-12-10 at 11:04 AM.
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    Re: White House Concedes on Upper Income Tax Cuts

    Quote Originally Posted by haymarket
    I thought you folks were concerned about the deficit and debt?
    Quote Originally Posted by Erod View Post
    Do you honestly believe any additional taxes collected will be applied to the deficit? C'mon.
    He doesn't understand that entitlements are where you cut the deficit... not taxes.

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    Re: White House Concedes on Upper Income Tax Cuts

    Quote Originally Posted by Whovian View Post
    He doesn't understand that entitlements are where you cut the deficit... not taxes.
    Actually I understand that there are two sides to a budget - INCOME and EXPENDITURES. That is twice as much as some here appear to understand.
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    Re: White House Concedes on Upper Income Tax Cuts

    Quote Originally Posted by zimmer View Post
    Ahhhhhhhhhhhhhh...

    Another class-warfare soldat spouting ObaMarx's Second and Third Rule:

    Wealthy, Bitter Clingers, Tea Party Activists, Rightward leaning public figures.



    The true Spirit of Amerika.

    .
    Its funny how its NOT "Class warfare" to you guys when Republicans come in a cut taxes for the wealthiest of Americans which results in redistribution of wealth in favor of the top 2% of the country....yet it IS "Class warfare" to you guy when people seek to end those tax breaks.

    You gotta love that right-wing way of thinking.
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    Re: White House Concedes on Upper Income Tax Cuts

    Quote Originally Posted by disneydude View Post
    Its funny how its NOT "Class warfare" to you guys when Republicans come in a cut taxes for the wealthiest of Americans which results in redistribution of wealth in favor of the top 2% of the country....yet it IS "Class warfare" to you guy when people seek to end those tax breaks.

    You gotta love that right-wing way of thinking.

    The tax cuts applied to all Americans that pay income tax. We gave to all classes of tax payers, you want to treat classes different.

    Spaghetti logic at its finest. congrats

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    Re: White House Concedes on Upper Income Tax Cuts

    Quote Originally Posted by Animus View Post
    Ah..."entitlements". I guess it's "entitlements" when it's for others but it's a "right" when it's to your own benefit?
    Entlitlements are priviliges. Rights are rights.
    THus, there's never any confusion between the two


    All tax cuts should be done away with then. For all income levels.
    Hmm. How do you expect middle-class families to absorb the $400 increase per child?

    Taxes should be increased to create revenue to pay down the deficit.
    You;re confused...
    Pay down the debt or reduce the deficit - the concepts are not interchanegable.

    Public schools are entitlements...
    Entitlements pay a direct monetary benefit to anyone that meets the program requirements, regarless of available revenue, and thus, schools are not entitlements

    We don't need roads either...
    Entitlements pay a direct monetary benefit to anyone that meets the program requirements, regarless of available revenue, and thus, roads are not entitlements

    Financial aids and grants should all be abolished. Who needs college anyways.
    Entitlements pay a direct monetary benefit to anyone that meets the program requirements, regarless of available revenue, and thus, enducation grants are not entitlements

    Do away with Medicare and Social Security entirely. They're all "entitlements" anyways right?
    Who said anything about doing away with these things entirely?
    And yes - they are entitlements.

    No need for such an extensive millitary, follow the lead of Canada!
    Entitlements pay a direct monetary benefit to anyone that meets the program requirements, regarless of available revenue, and thus, the military is not an entitlement.

    Hmmm...sounds like North Korea is your ideal country then (except for the millitary part).
    Only because your response is filled with falsehoods.

    "It works better?" Where did you get that from?
    The broad answer is 'history'. You cannot create wealth by taking money from people and giving it to those to produce nothing.

    Nobody "creates" wealth by waving a wand. That is a rather ignorant assumption.
    Good think I didnt make that assumption.

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    Re: White House Concedes on Upper Income Tax Cuts

    If I pay into an arrangement with another party and fulfill all of my legal and financial obligations to them, is it my right to insist that they other party fulfills all of their legal and financial obligations to me when the time has arrived to do so per the agreement?
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    Re: White House Concedes on Upper Income Tax Cuts

    Quote Originally Posted by haymarket View Post
    If I pay into an arrangement with another party and fulfill all of my legal and financial obligations to them, is it my right to insist that they other party fulfills all of their legal and financial obligations to me when the time has arrived to do so per the agreement?

    In theory, yes.

    But we aren’t going to be implementing debtor prisons anytime soon, so in practical reality, no.

    And of course, we also have legal tender laws that exist today which make it acceptable to not truly fulfill contractual obligations.

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