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Thread: Rich-Poor gap widening

  1. #371
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    Re: Rich-Poor gap widening

    Taxing capital investments!

    I'm sorry, but I can't stop laughing at that one!
    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: Rich-Poor gap widening

    Quote Originally Posted by haymarket View Post
    why only at the federal level?
    yes. some competition between the states is healthy for our democracy.
    Last edited by cpwill; 03-07-11 at 12:46 AM.

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    Re: Rich-Poor gap widening

    Quote Originally Posted by Catawba View Post
    So because our corporations are willing to sell out their country to utilize slave wages and avoid paying their fair share in this country, you feel it is the patriotic duty of the middle class to pay more taxes so that corporations might pay less?
    not at all. I think I can generally speak for the conservatives on this forum in saying that we want the middle class to pay less and the corporations to pay less - or preferably nothing at all.

  4. #374
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    Re: Rich-Poor gap widening

    Quote Originally Posted by cpwill View Post
    not at all. I think I can generally speak for the conservatives on this forum in saying that we want the middle class to pay less and the corporations to pay less - or preferably nothing at all.
    The old trickle down mentality is still out there alive and well. People are still waiting 30 years for the trickle down while those making over $1 million continue, year after year, to continue to enjoy their average $91,000 dollar tax break. How much has your annual tax break been?
    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

  5. #375
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    Re: Rich-Poor gap widening

    Quote Originally Posted by Catawba View Post
    The old trickle down mentality is still out there alive and well. People are still waiting 30 years for the trickle down while those making over $1 million continue, year after year, to continue to enjoy their average $91,000 dollar tax break. How much has your annual tax break been?
    it's been plenty good to me, i plowed my tax savings straight into savings and never missed it

    but you seemed to miss the part where i said i wanted to reduce the tax burden on the middle class?

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    Re: Rich-Poor gap widening

    Quote Originally Posted by cpwill View Post
    it's been plenty good to me, i plowed my tax savings straight into savings and never missed it

    but you seemed to miss the part where i said i wanted to reduce the tax burden on the middle class?

    You must have missed the part then where you have been paying higher taxes to provide your millionaire buddies their $91,000 tax break.
    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

  7. #377
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    Re: Rich-Poor gap widening

    Quote Originally Posted by Catawba View Post
    You must have missed the part then where you have been paying higher taxes to provide your millionaire buddies their $91,000 tax break.
    really? when did my taxes get raised?

    irrespective, we're trying to lower them on generally everyone.

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    Re: Rich-Poor gap widening

    tax capital investments

    so wisconsin public school teachers don't have to work (181 days a year) for slave wages

    LOL!

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    Re: Rich-Poor gap widening

    Quote Originally Posted by ricksfolly View Post
    When Reagan dropped the top income tax down from 70 to 39 percent (back in the thirties it was 92 percent), manufacturing prospered and the national debt tripled. Unfortunately, very little of the extra money trickled down to the workers, and more and more manufacturing has gone over seas.

    The windfall also paid for developing robots and other time saving devises that eliminated thousands of workers, and financed overseas manufacturing which put thousands more out on the street.

    ricksfolly
    So, you would argue that lowering the tax rate was in part responsible for making things worse?

    causal arguments are often difficult to prove, but I certainly agree little trickled down, and there is little reason to suspect it ever would. To live well here, people need to make a good wage. They need benefits. And this means employers must do horrible things, like pay well and provide benefits. Third world countries know better, and hence can provide service for much less pay, and without benefits. Of course we could do that here I suppose.

    But that is where some of the battle lines are. How does the worker keep a reasonable standard of living and business do well without taking advantage of the worker. I wish more people today cared as much about the worker as they do the wealthy person. Even an equal concern for both would be an improvement.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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