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Thread: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

  1. #71
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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    QUOTE Zyphlin

    Correct me if I'm wrong, but that tax rate was higher for EVERYONE in the 1990's, not jus the rich?
    Yes, I believe it was.


    Are you suggesting the tax rate on the rich was the ONLY reason...if we're buying your premise that taxes alone were the only reason...for the prosperity?
    No I’m not; where did you get that idea? See post #16.


    If not, why are you seemingly supporting only one portion of it being raised and not the other.
    See post #16.

    Furthermore, correlation doesn't mean causation.
    You built your slippery slope, have fun on your slide down it.

    Its ridiculous to ignore every other factor of the 90's
    I ignored nothing.


    that potentially played into the economic status of it and attempt to dishonestly melt it down to a single factor and act like that alone is a telling and absolute fact due to the 90's economy.
    That’s your take on what I posted. Here was the post I was responding to.

    “What rate do you think is the fair contribution from the those folks? Is 39% enough...?
    Now if there is anything else you want to take out of context let me know.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

  2. #72
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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    QUOTE Erod

    Apparently you failed to notice that an entirely new market was created in the 1990s, and the subsequent dot-com boom.

    It was called the internet. One of your heroes, Al Gore, claims to have created it right before he saved us all from global warming.

    Dot com Boom, or housing bubble, brought to you by the same ponzii scheme. The difference is that this time we had the bush tax-cuts for the entire ten years sinking us into bankruptcy. Along with the two wars.Geesh…wash the brain hang it out to dry.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

  3. #73
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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by donc View Post
    No I’m not; where did you get that idea? See post #16.
    Post 16 is you responding to someone specifically talking about the tax cuts given to the 250k to 1 million range, so doesn't answer whether or not you feel it should be put back to where it was 10 years ago for EVERYONE or JUST for the "Rich"

  4. #74
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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by donc View Post
    Dot com Boom, or housing bubble, brought to you by the same ponzii scheme. The difference is that this time we had the bush tax-cuts for the entire ten years sinking us into bankruptcy. Along with the two wars.Geesh…wash the brain hang it out to dry.
    1. You have no idea what a Ponzi scheme is.

    2. Economics is not your forte.

  5. #75
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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by haymarket View Post
    I guess in a sadistic but satisfying way it is small comfort to know that conservatives would do this knowing full well the international consequences of such a selfish action.
    What? LOL, holy moly.

    So you think I invested in the stock market as a charity donation for the international community?

  6. #76
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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by TurtleDude View Post
    but you support raising taxes on those making more than 200K

    do they have a duty to pay down the deficit while those who most caused it to get so big continue to get cuts

    what incentive does the other 98% have to reign in spending and shrink the deficit when you dems only want the "rich" to have to pay for it
    ...because you can not solve the budget problem with tax increases or spending cuts alone..... every one will feel some pain. Those that will not take some pain are just not serious about cutting the deficit.... which, BTW, is a secondary on people's minds to jobs.

  7. #77
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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by upsideguy View Post
    ...because you can not solve the budget problem with tax increases or spending cuts alone..... every one will feel some pain. Those that will not take some pain are just not serious about cutting the deficit.... which, BTW, is a secondary on people's minds to jobs.
    so you want the bottom 98% to have massive tax increases as well

    its that group that doesn't pay enough taxes for the most part, not the top 2%



  8. #78
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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by TurtleDude View Post
    so you want the bottom 98% to have massive tax increases as well

    its that group that doesn't pay enough taxes for the most part, not the top 2%
    Logic, common sense, and even basic thinking isn't a strong suit of liberals.

  9. #79
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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Erod View Post
    Apparently you failed to notice that an entirely new market was created in the 1990s, and the subsequent dot-com boom.

    It was called the internet. One of your heroes, Al Gore, claims to have created it right before he saved us all from global warming.

    Taxes rates had NOTHING to do with the good times of the 90s. If anything, they kept it from being better.

    The government wastes the money we give them, just like they would with tax increases now. That money would not go to the debt anyway, it would line the pockets of more foreign banks and butt-buddy companies to Obama. Just like the stimulus money did.
    Actually, the economic boom of the 90's was caused by the same phenomena that gave rise to the economic boom of the '80s. This boom had very little to do with taxes (which is true of most economic booms).

    From the advent of the PC through the Internet boom we experience a technological revolution, akin to the industrial revolution, where affordable computer technology radically transformed business with real-time information the substantially improved efficiency and cut costs. The software industry as we know it today was essentially created in the 1980s. The commericalization of the Internet (which Al Gore is substantially responsible for through the 1988 High Performance Computer Act and the 1992 Information Infrastructure and Technology Acts, which he sponsored and co-sponsored, respectively) extended the technology revolution until 2000, when irrational exhuberence came to an end as markets finally woke up to ridiculous valuations ascribed to particular internet companies. When AOL was about to buy Time-Warner on its paper, Wall Street finally woke-up and the market began its slide the next week.... and then really fell flat after 9/11.

    Certainly those political junkies among us want to abscribe credit to our favorite POTUS, be it Reagan or Clinton and their respective tax or fiscal policies for these good times, but they were minor players. They simply had policies that did not to screw up a good economy. The heroes of the technological revolution included Gates, Jobs, Groves, Ellison, McNeely, among others; not Clinton and Reagan.

    As to tax increases..... no one likes them, nor will people really like the spending cuts. But, if you are serious about driving toward a balanced budget and are informed, you realize it will be a shared pain and it will require a mix of tax increases and spending cuts. People that offer one without any consideration of the other just are not serious about the deficit.
    Last edited by upsideguy; 12-04-10 at 12:44 PM.

  10. #80
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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Conservative View Post
    Logic, common sense, and even basic thinking isn't a strong suit of liberals.
    when it comes to economics, or gun control, or foreign policy, emotobabbbling is the usual paradigm



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