I am wealthy and I never stole anything. Nor did my family. In fact most wealthy people obtained their wealth honestly. If you really believe those who win did so by cheating why are you a "libertarian"? If you are that jaundiced in your view of other people it seems that fascism or some other control freak philosophy would be more fitting. To truly be a libertarian you have to assume most people are good
You do not
Of course the wealthiest are doing better because of the recession. They caused it for exactly that purpose!
And because the very next post will be "nuh uh! you have no proof!", don't forget that the housing crash came about from these rich banks and these rich corporate guys getting together to sell middle class people products that were designed to become worthless... and then set themselves up to benefit when they failed. That's called a "scam". And it had the desired effect of transferring a whole lot of money from most of the population to a tiny fraction of the population who already had most of the money.
Liberté. Égalité. Fraternité.
Investors are not going into the market right now except for long term rental investments and even that isnt as solid as it had been for the last 30 years.
read the posts .. the liberals have three talking points .. tax those evil rich, give us more spending .. and it's Bush's fault .. after that .. their ideas fade into a grave yard of nothing.
To Objective Voice … thanks for a good post .. blame lies in all directions .. it's going to take a coming together of all people … I'm just sorry to say .. . that gap between liberals and conservatives has become so wide .. and growing wider .. both here, in our government ..and in our society I'm not sure it will happen.
In My opinion the hole we have dug is so deep .. that the only way out is for everyone to suffer.... the rich, the middle class.. and even the poor are going to have to take some hits to get us out of this mess.
I have said I would be in favor of raising taxes, dollar for dollar with verifiable spending cuts until we work our way out of this mess. Once we climb out of our debt .. I would be all in favor of redoing our entire tax codes .. lowering them for everyone, while removing most if not all deductions.
As for the debt .. and the republicans going for nothing more then a balanced budget … I agree it has to be more … but you have to stop the bleeding first .. then go on to repair the wound. So while getting to a balanced budget isn't the end all .. it's a start .. and certainly nothing to be ashamed off.
I'll be honest, and this comes from a very frugal person. Right now I save my money and am trying to go back to college while having a child and struggling to get back onto my feet. I pay 25% in taxes, roughly 10% of that I never will get back and the other 15% is federal that I will likely get back. To me, the people that pay more pay more because they have much more at stake and use more of the government's true resources. Specifically infrastructure and the military as they have more to protect and typically more reason to travel. Three-fours years from now once I am done with going to school part time while working a full time job, and balancing being a new dad I will be making enough towards I go into a tax bracket where in total I pay about 35% in taxes with getting little or no back, and another 5-10 years God willing I will make more and probably top out around the brackets that in total with state, federal, local I am paying around 38% of my earnings. Is that a lot? Sure. Will I be traveling more, using up more resources, and have a **** load more money and assets for my military to protect? You bet. Would I struggle one bit in an area like I live making around $85k after taxes a year and that isn't even counting my wife's income? I don't think so...in fact, I can think of plenty of ways to keep the money in ways that just aren't possible for people in the lower tax brackets. This is really I suppose anecdotal though and has nothing to do with any one persons point.
"We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy." -Reagan