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

  1. #31
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    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.
    http://www.nytimes.com/2011/04/13/bu...ardt.html?_r=1
    And just like that, on Jan. 1, 2013, the Clinton-era tax rates would return.

    This change, by itself, would solve about 75 percent of the deficit problem over the next five years. The rest could come from spending cuts, both for social programs and the military.
    But the NYT is MSM so screw it.
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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Your link is woefully inadequate. It's merely insinuation and speculation.

    It's also an transparent attempt to distort the issue:

    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.
    Income tax rates are marginal rates not average rates. No one would be taxed at anywhere near 85% of income.
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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by Erod View Post
    You mean after the GOP took over Congress for the first time in 40 years?

    Yep.
    What does that have to do with anything?? You mean when they took over and the Bush tax cuts still were not in effect? Keep up with the conversation, please. Who is in power does not have anything to do with the discussion.
    Ted Cruz is the dumbest person alive.

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

    Quote Originally Posted by Joe Steel View Post
    Yes.

    The United States ranks 29 of 34 OECD countries in level of taxation and we're below our historical level of taxation as a percentage of GDP. The most obvious and easiest solution to our deficit problem is raising taxes.



    Nothing of the sort has been proven. In fact, the opposite is true. The rich have seen their share of the national income increase and their rate of taxation decrease in recent years. While we may not be able to solve the deficit problem entirely by taxing them more, taxing them more will go a long way toward the solution.
    What national income? Seems to me you just told us who you think owns income.
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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by Joe Steel View Post
    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.
    Not true. If our elected officials cross the line, they can be recalled, or voted out once their current term expires.

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

    Quote Originally Posted by Joe Steel View Post
    As I said, no simple solution exists but any reasonable solution must include tax increases.
    agreed. But your general implication at first was 'tax the rich, problem solved', which is a fantasy.

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

    Quote Originally Posted by whysoserious View Post
    interesting read... thanks for posting. Personally, I'm not generally one to subscribe to the belief that if we simply stick out heads in the sand, the problem will go away. That assumes that spending remains as it is, without significantly increasing. Not likely under Obama.

  8. #38
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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by Joe Steel View Post
    As I said, no simple solution exists but any reasonable solution must include tax increases.
    On everyone then, and not just the wealthy.
    Even liberal NPR sees that a big part of the problem is with those who pay nothing.

    Why Soaking The Rich Won't Solve The Deficit : NPR

    The ever-expanding number of credits and tax breaks for the poor and middle class have translated into a record number of people with modest means paying no net taxes at all. The discrepancy between the large amount of taxes paid by the rich and the lack of taxes paid by people with low incomes is only going to grow, given President Obama's vow not to raise taxes on the middle class.
    That might be good politics, and it's arguably a fair way to redistribute wealth. But a Robin Hood tax code will make it increasingly difficult to address mounting deficits, experts warn.
    The top 1 percent of earners took home 23 percent of the nation's adjusted gross income in 2007. That sounds like a huge haul, but these top earners also paid a huge share of federal income taxes just over 40 percent that year, according to the Tax Foundation.
    Relying on a narrow tax base can lead to uncertainty for tax collectors even if that base consists of top earners. That's certainly been the case in states such as California and New York. Their taxes fall disproportionately on people with big incomes. During recent recessions when top incomes, stock options and capital gains all dropped those states have seen their revenues go into a nosedive.
    "The rich just don't have enough money," says Roberton Williams, a senior fellow at the Urban Institute and one of the paper's authors. "You either have to tax more of the income distribution, or find other sources of revenue."One reason the rich are paying proportionately more is that lower-income households are paying less or nothing at all. Last year, a record 51.6 million filers 36 percent of the total paid no income taxes.
    That's thanks to breaks and benefits such as the earned income tax credit. The number of credits and deductions for children, for students, for Prius owners is increasing. Williams estimates that 47 percent of single filers and 38 percent of joint filers will owe no taxes this year.What does it mean when more than a third of the nation is paying no income taxes? You can look at it two ways.
    Leonard Burman, a public policy professor at Syracuse University, suggests that today's tax code is not just about taxes, but transferring wealth. Families at all income levels are receiving credits and breaks with top earners still getting a higher share, he says. So there's nothing wrong with those closer toward the bottom getting credits, particularly ones that reward work.
    But others will argue that having such a huge percentage of the population paying no taxes means there's less restraint on government[B]. If it's not coming out of your pocket, you may demand more services and you'll certainly protest when programs are being cut. [/B]"Everybody should pay something so we don't fall into this trap of the free lunch," says Ronald C. Fisher, an economist at Michigan State.
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    Re: Poll shows Americans oppose entitlement cuts to deal with debt problem

    Quote Originally Posted by haymarket View Post
    There are but two sides to the ledger and both must be dealt with. We do need more revenue. We do need spending cuts.
    history shows us that we can't give the government enough money. the more they got, the more they spent.

    so one side of the ledger needs to be dealt with more then the other.

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

    Quote Originally Posted by ARealConservative View Post
    history shows us that we can't give the government enough money. the more they got, the more they spent.

    so one side of the ledger needs to be dealt with more then the other.
    I disagree. We need to do both and we need to do both now. To place us in a straightjacket and pretend that one is holier than the others is a step towards budgetary failure.
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