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Thread: Obama budget resurrects rejected tax increases

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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by Catawba View Post
    So did Bush before him. I agree we are spending too much and big cuts need to be made. But that is only part of the problem. We are still in recovery from one of the worst recessions in history, and we continue to reduce our revenue by continuing to provide the tax cuts to the wealthy. Same mistake Reagan and Bush made. Unless you have enough revenue to pay your bills you are always going to have debt.

    Reagan and Bush both increased spending and reduced revenues. Obama has proposed reducing the percentage of spending back to the days of Eisenhower, and increasing revenue by eliminating the tax cuts for the wealthy. That makes more sense to me if the goal is to reduce our National debt.
    If Obama would stop killing jobs, there would be more tax revenue.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by whysoserious View Post
    No doubt. Conservatives seem to forget that spending and income are tied together. You can decrease spending all you want, but if your revenues come up short, it doesn't really matter. Increasing revenue is so easy and would have little to no affect on 95% of Americans.

    The bigger question: Why do poor republicans defend overpaid and undertaxed jobs? I have gotten them to admit there are many over paid jobs (grossly overpaid). I gotten them to admit that the tax rate on them is around 17% (not including the nontaxable hidden income)! So they cannot deny that there are people out there who make far too much money and then get too keep too much of it.

    How much extra revenue could be attained from these people? I am not sure a number could be put on it, since it would likely be extremely high and it would include these hidden monies (in derivatives and off shore accounts).

    Of course, if we tax those people... bad things might happen? I think that's the gist of the republican argument.
    How do you figure that?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  3. #223
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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by Catawba View Post
    Yes, that phenomonon has always been a mystery to me as well. In Virginia there is a term for it however, trailer park Republican.


    What if this guy gets his big break in a few years and wants to leave his fortune to his children, so they don't have to live in a trailer park, anymore? I know, it's not likely to happen with Obama in office, but, what if it did?

    Or another possible scenario: this guy lived in a trailer his whole life, so he could put money back every week and managed to save up a couple hundred thousand dollars that he wants to give to his grand children?

    I think your post exhibits a certain amount of bigotry.
    Last edited by apdst; 02-19-11 at 03:29 PM.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by apdst View Post
    What if this guy gets his big break in a few years and wants to leave his fortune to his children, so they don't have to live in a trailer park, anymore? I know, it's not likely to happen with Obama in office, but, what if it did?

    Or another possible scenario: this guy lived in a trailer his whole life, so he could put money back every week and managed to save up a couple hundred thousand dollars that he wants to give to his grand children?

    I think your post exhibits a certain amount of bigotry.

    Each to their own opinions. I think your post exhibits a certain amount of idiocy.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by Catawba View Post
    Yes, that is what is being discussed, whether the taxes should be proportioned to according to wealth or whether the middle class should subsidize the wealthy.

    Which are you for?
    If we define wealthy as Obama does then I would love the middle class to sudsidize me. They can even come over and wash my Jag.

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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by apdst View Post
    What if this guy gets his big break in a few years and wants to leave his fortune to his children, so they don't have to live in a trailer park, anymore? I know, it's not likely to happen with Obama in office, but, what if it did?
    Yes and what if he lost his job and had to sell his trailer, or dozens of other "what ifs?"

    ricksfolly

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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by washunut View Post
    If we define wealthy as Obama does then I would love the middle class to sudsidize me. They can even come over and wash my Jag.
    Wealth is a relative thing. Median income in the country is about $50,000 a year. So for most of the country who are having a hard time getting by under today's prices making only that much, someone making over $200,000 with a Jag and the leisure time to wash it, seems pretty wealthy to them.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by Catawba View Post
    Each to their own opinions. I think your post exhibits a certain amount of idiocy.
    Yeah, because you Libbos are smarter than the rest of us. Right?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by apdst View Post
    Yeah, because you Libbos are smarter than the rest of us. Right?
    No, I was going totally on your posts.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Obama budget resurrects rejected tax increases

    Quote Originally Posted by apdst View Post
    How do you figure that?
    I posted it on another thread. It was an IRS study that showed that the top 100 earners in the country paid a marginal tax rate of 17% (I think it was in 2007-2008). And the part about hiding money is just fact. Derivatives and off shore accounts are designed for just that. It is not illegal, it just exists.

    Another awesome thing these people can do is trade with money they don't even have (just like banks supplying mortages with backing that doesn't exist). These are called futures. They hedge futures with options called puts and calls. These guys are super smart and they make tons of money off of stocks they never owned. It's impressive but it does not make them worth anything to society. I'd rather watch them on ESPN winning the World Series of Poker.
    Last edited by whysoserious; 02-20-11 at 12:56 AM.

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