Page 3 of 38 FirstFirst 1234513 ... LastLast
Results 21 to 30 of 372

Thread: Poll shows Americans oppose entitlement cuts to deal with debt problem

  1. #21
    Banned
    Join Date
    Oct 2010
    Location
    dimensionally transcendental
    Last Seen
    08-15-11 @ 04:31 PM
    Gender
    Lean
    Conservative
    Posts
    7,153

    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by Joe Steel View Post
    Many, if not most, American jobs are created by small business. Small business owners are not necessarily rich. Taxes on the rich would not affect them. Secondly, many Americans are employed by corporations. A corporation can easily be owned exclusively by persons who are not rich. Taxes on the rich would not affect them. Finally, even if what implied were true, why would a rational business person imperil his capacity to generate income just because he retains a bit less?
    Still waiting for you to show us a credible source that indicates taxing the rich so they 'retain a bit less' will solve the debt and deficit issues in this country, WITHOUT changing spending habits of the government.

  2. #22
    Banned
    Join Date
    Oct 2010
    Location
    dimensionally transcendental
    Last Seen
    08-15-11 @ 04:31 PM
    Gender
    Lean
    Conservative
    Posts
    7,153

    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by Joe Steel View Post
    Not if the focus is "spending cuts" exclusively. "Cut spending" is an absolute statement with no regard for efficiency or effectiveness.
    Show me where I said 'cut spending, and we dont give a **** how or where you do it'.

    You continue to deal in absolutes, where there are none.

  3. #23
    Guru
    Joe Steel's Avatar
    Join Date
    Sep 2007
    Location
    St. Louis, Missouri, USA
    Last Seen
    05-11-16 @ 07:36 PM
    Lean
    Very Liberal
    Posts
    3,054

    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by Whovian View Post
    Still waiting for you to show us a credible source that indicates taxing the rich so they 'retain a bit less' will solve the debt and deficit issues in this country, WITHOUT changing spending habits of the government.
    If you're looking for few short paragraphs of simple ideas, I can't provide it. The solution is far more complicated than that. Make no mistake, though, it starts with tax expenditures. See A Framework for Deficit Reduction: Principles and Cautions
    Proud to be a tax and spend leftist.

    Proud supporter of the real Second Amendment.

  4. #24
    Basketball Nerd
    StillBallin75's Avatar
    Join Date
    Jan 2011
    Location
    Vilseck, Germany
    Last Seen
    Yesterday @ 07:52 AM
    Gender
    Lean
    Progressive
    Posts
    21,896

    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by Whovian View Post
    Edmund Burke, British Statesman
    This is a purely a philosophical exercise...but where do we draw the line between when elected officials should act in our interests, and when elected officials should act against our own opinion for "the public good"?
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

  5. #25
    Sage
    Erod's Avatar
    Join Date
    Aug 2008
    Location
    North Texas
    Last Seen
    12-09-17 @ 11:30 AM
    Lean
    Conservative
    Posts
    13,026

    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by liblady View Post
    the nineties say otherwise.
    You mean after the GOP took over Congress for the first time in 40 years?

    Yep.

  6. #26
    Guru
    Joe Steel's Avatar
    Join Date
    Sep 2007
    Location
    St. Louis, Missouri, USA
    Last Seen
    05-11-16 @ 07:36 PM
    Lean
    Very Liberal
    Posts
    3,054

    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by Whovian View Post
    Show me where I said 'cut spending, and we dont give a **** how or where you do it'.

    You continue to deal in absolutes, where there are none.
    I have no idea where of if you ever said "cut spending."
    Proud to be a tax and spend leftist.

    Proud supporter of the real Second Amendment.

  7. #27
    Banned
    Join Date
    Oct 2010
    Location
    dimensionally transcendental
    Last Seen
    08-15-11 @ 04:31 PM
    Gender
    Lean
    Conservative
    Posts
    7,153

    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Can Taxing the Rich Erase the Deficit? - The Wealth Report - WSJ
    “If the rich were taxed at the same rates they were half a century ago, they’d be paying in over $350 billion more this year alone, which translates into trillions over the next decade. That’s enough to accomplish everything the nation needs while also reducing future deficits.”

    That means taxing the top earners at 70% which, combined with state and local taxes, means the top earners would be giving up 85% of their income in New York, California and other high-tax states.

    Given that Congress even under Democratic control could not accept a top-rate increase from 35% to 39.6%, a 70% rate seems like highly unlikely, if not fantasy, at this point.
    An insightful reader post on Megan McArdle’s blog on the Atlantic uses IRS data to figure out how much money the government would raise by taxing certain wealth levels. He says a 45% rate on incomes of more than $1 million would generate $31 billion, while an even more progressive tax, with rates of 50%, 60%, 70% on incomes of $500,000, $5 million, $10 million respectively would generate an added $133 billion.

    That is roughly 10% of the current annual budget deficit.

    “My point is just that I don’t see how deficits this large can be closed with income taxes on the rich, even at marginal rates far higher than anything we’ve seen in the post-1986 era,” the reader says.

    And rich people can always move and shift their income, which would reduce the amount of tax revenue raised.

  8. #28
    Banned
    Join Date
    Oct 2010
    Location
    dimensionally transcendental
    Last Seen
    08-15-11 @ 04:31 PM
    Gender
    Lean
    Conservative
    Posts
    7,153

    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by Joe Steel View Post
    If you're looking for few short paragraphs of simple ideas, I can't provide it. The solution is far more complicated than that. Make no mistake, though, it starts with tax expenditures. See A Framework for Deficit Reduction: Principles and Cautions
    from your link...
    Craft a deficit-reduction plan that is balanced and inclusive, affecting all parts of the budget and with the savings split about 50-50 over time between program reductions and revenue increases.
    For someone who wanted to post proof that taxing the rich and not cutting spending is the way to go, you seem to have failed miserably here.

  9. #29
    Guru
    Joe Steel's Avatar
    Join Date
    Sep 2007
    Location
    St. Louis, Missouri, USA
    Last Seen
    05-11-16 @ 07:36 PM
    Lean
    Very Liberal
    Posts
    3,054

    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by StillBallin75 View Post
    This is a purely a philosophical exercise...but where do we draw the line between when elected officials should act in our interests, and when elected officials should act against our own opinion for "the public good"?
    Academic indeed. In America, elected officials may ignore the wishes and interests of the People with impunity. They are not constrained in any way in what they may do. No such line as you mentioned can be drawn.
    Proud to be a tax and spend leftist.

    Proud supporter of the real Second Amendment.

  10. #30
    Guru
    Joe Steel's Avatar
    Join Date
    Sep 2007
    Location
    St. Louis, Missouri, USA
    Last Seen
    05-11-16 @ 07:36 PM
    Lean
    Very Liberal
    Posts
    3,054

    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by Whovian View Post
    from your link...

    For someone who wanted to post proof that taxing the rich and not cutting spending is the way to go, you seem to have failed miserably here.
    As I said, no simple solution exists but any reasonable solution must include tax increases.
    Proud to be a tax and spend leftist.

    Proud supporter of the real Second Amendment.

Page 3 of 38 FirstFirst 1234513 ... 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
  •