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Thread: America: Love it or (if you're rich enough) leave it?

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    Re: America: Love it or (if you're rich enough) leave it?

    Quote Originally Posted by samsmart View Post
    Because it's those people that provide jobs through small business.
    How many wealthy small business owners do you know? I'm struggling to put the two together.

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    mad Re: America: Love it or (if you're rich enough) leave it?

    Just like lazy, entitled, spoiled Americans to suggest or want to cut and run during hard times. Look at 'ol Erik Prince. He ran to Dubai; but that was not all about taxes. Ingrate. http://www.nytimes.com/2010/08/18/wo...lackwater.html Some folks are all about governing during the good times; but run like hell when times are tough or sit back in glass houses throwing stones. You ask me.. .. ..McCain intentionally threw the election with picking that airhead Palin. What a better position for the right to be in but not leading this country through BushCo's disastrous trail of failures. Just sit back, obstruct like hell, and take it back in four years. Right.

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    Re: America: Love it or (if you're rich enough) leave it?

    Quote Originally Posted by Mickey Shane View Post
    How many wealthy small business owners do you know? I'm struggling to put the two together.
    It is necessary to qualify who these "small business owners" actually are since many who own small businesses own other larger ones.

    Owners disguise their wealth under small business | NowPublic News Coverage
    ~snip
    Many small business owners make a lot of money and take the money generated from business for their personal gain. They often starve the business of needed investment and do not plan and provide for adequate sharing among employees. It is all take and no give. I know this for a fact.

    Small business owners hide many things from public view, because they can. It is not surprising that Republicans use “small business” as a shill and a ruse to protect their constituents from taxation they deserve and can afford.

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    Re: America: Love it or (if you're rich enough) leave it?

    Quote Originally Posted by samsmart View Post
    Where are they going to go where there's less taxes? Not Europe. Not Asia.

    So that leaves South America and Africa. Which means what money they won't pay in taxes they will instead pay for private security and kidnapping/ransom insurance.
    Taxes in Taiwan are a fraction what they are in the U.S. and there is far less regulation in most areas...
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    Re: America: Love it or (if you're rich enough) leave it?

    I plan on leaving the US. I don't like the way this country is headed and, quite frankly, there are places I'd rather live. Like on my sailboat, sailing around the world.

    Quote Originally Posted by Andalublue View Post
    Why? Cos they're having it so hard? What rationale could you use, when people on the lowest income, or no income at all are shouldering the burden, would you be giving extra breaks to the wealthy?
    So the people who pay no income taxes are "shouldering the burden"? How the **** do you figure?

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    Re: America: Love it or (if you're rich enough) leave it?

    Quote Originally Posted by rivrrat View Post
    So the people who pay no income taxes are "shouldering the burden"? How the **** do you figure?
    No, the people who are shouldering the burden are those who were paying taxes and are now out of work. I'd say losing your job is certainly 'shouldering the burden'. Also, indirect taxation is increasing all the time. That takes no account of whether you are earning or unemployed, hence that burden falls most heavily on those with the lowest income.
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    Re: America: Love it or (if you're rich enough) leave it?

    Quote Originally Posted by Simon W. Moon
    I was not trying to make a case pro or con. I am just asking when the single piece of legislation acquired it's new name. The legislation's older name is the Bush Tax Cuts. At some point it began to also be known as Obama's Tax increases.
    Oh, I know. My 'exactly', was in agreement that any increase in taxes due to the designed expiration of "Bush's Tax Cuts' is in no way, shape or form an 'Obama Tax Increase'.


    I just went on to further say that I think it would be a smart move, on the dems part, to just ignore the upcoming expiration. Let it happen. Ignore it. Stop talking about it. That's how it lets the cons paint it as 'Obama's Tax Increase'.

    Rather they should start trumpeting a NEW bill (forget about an extension) - refer to it as 'Obama's Tax Cuts'.

    Frame it the way you want it, not the opposition.
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    Re: America: Love it or (if you're rich enough) leave it?

    Quote Originally Posted by samsmart View Post
    Actually, I don't want it to revert to all incomes over $250,000. I think those making $250,000-$1,000,000 should get a tax cut, but at a reduced rate that they have now. Those making over $1,000,000 should have the tax cut totally expire though.
    I was just using $250,000 because that's a cutoff point that's commonly used in news articles. I have no problems with negotiating the cutoffs and/or rates.

    A couple of points using the arbitrary $250,000. Anyone making over $250,000 will receive the exact same cuts, up to $250,000 as everyone making less than that. The top tax rates not covered under new cuts will revert back to the 39.6% rates that were in effect 10 years ago. Without looking them up, I believe that's in the range of about a 3 or 4 % increase.

    That's a far cry from the top rates of 50 - 90% in the 60's to 80's and folks still managed to thrive and survive.
    “We just simply don’t know how to govern” - Rep. Steve Womack (R-AR) a member of the House Budget Committee

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    Re: America: Love it or (if you're rich enough) leave it?

    Quote Originally Posted by samsmart View Post
    Where are they going to go where there's less taxes? Not Europe. Not Asia.

    So that leaves South America and Africa. Which means what money they won't pay in taxes they will instead pay for private security and kidnapping/ransom insurance.
    Ding, ding, ding... round one knockout!!

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    Re: America: Love it or (if you're rich enough) leave it?

    Quote Originally Posted by ludahai View Post
    Taxes in Taiwan are a fraction what they are in the U.S. and there is far less regulation in most areas...
    And Taiwan is under constant threat of conquest from China, and Taiwan doesn't have the same guarantee of freedoms that we have in the U.S.

    Have fun with the culture shock.

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