View Poll Results: Is the OWS Movement against Capitalism?

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  • Yes

    50 52.08%
  • No

    41 42.71%
  • I don't know

    5 5.21%
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Thread: Is the OWS against Capitalism?

  1. #311
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by Mycroft View Post
    What's fair is fair, eh? Everyone got a tax cut.

    But...to get back on topic, do you think OWS cares about any of this? Do you think they agree with you that the wealthy are to blame?

    Do you think they are anti-capitalists?

    Do you think they even know what they are?
    Yes wealthy are to blame. Their wealth allows them to buy these politicians. The 99 percent have no say in what happens.
    Last edited by 99percenter; 12-15-11 at 11:00 AM.
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  2. #312
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by Dickieboy View Post
    If you would please expand on this thought. My knowledge/research on the BTC's is that the reduction in rates progressively increased from the top bracket to the bottom bracket. Per the IRS data the vast majority of the reduction in $'s came from the middle three quintiles.
    "The percentage increase in after-tax income tilts greatly in favor of those making over $1 million, for one, especially when compared to Americans making between $40,000-$50,000."

    10 Years Later, How Bush-Era Tax Cuts Changed America [CHARTS]
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  3. #313
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by 99percenter View Post
    "The percentage increase in after-tax income tilts greatly in favor of those making over $1 million, for one, especially when compared to Americans making between $40,000-$50,000."

    10 Years Later, How Bush-Era Tax Cuts Changed America [CHARTS]
    Just looking at the ones earning more than a million becomes wrong, because the people with really high incomes, make consumers pay through higher prices if taxes are increased, because they own companies. I didn't say it was fair, Bush did give somewhat more to the rich, but he gave 75% to the rest. Also, the ones with high incomes have increased their share.

    Would you be in favor (like I am) to reverse all of Bush tax cuts. Not like Obama, who only wants to reverse parts of it.

    You must be if it only favors the rich.

  4. #314
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by Camlon View Post
    Just looking at the ones earning more than a million becomes wrong, because the people with really high incomes, make consumers pay through higher prices if taxes are increased, because they own companies. I didn't say it was fair, Bush did give somewhat more to the rich, but he gave 75% to the rest. Also, the ones with high incomes have increased their share.

    Would you be in favor (like I am) to reverse all of Bush tax cuts. Not like Obama, who only wants to reverse parts of it.


    You must be if it only favors the rich.
    Only the wealthy right now because of the bad economy. That would help us with our deficit and provide relief to folks that need it the most. Tax cuts for lower and middle class help the economy more because they spend every dollar they earn.
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by 99percenter View Post
    Only the wealthy right now because of the bad economy. That would help us with our deficit and provide relief to folks that need it the most. Tax cuts for lower and middle class help the economy more because they spend every dollar they earn.
    But you just said the tax cuts for the middle class was insignificant.

    Then why not reverse all of it?


    BTW: The theory is a little bit more complicated than what keynesian theory would say. You can't just have demand, you need to have supply as well. If you give people lots of money, but companies are not willing to invest, you will get inflation. Also, we have to take into account the crowding out effect as well.

    Fact is, Obama did exactly what you wanted. He gave tax cuts to the middle class, he increased spending more than he cut taxes, but the economy failed to recover, because he failed on the supply side.
    Last edited by Camlon; 12-15-11 at 11:19 AM.

  6. #316
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by Camlon View Post
    But you just said the tax cuts for the middle class was insignificant.

    Then why not reverse all of it?
    I said that they were negligible compared to the tax cuts that wealthy folks got. I never said they were insignificant.
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by 99percenter View Post
    Yes wealthy are to blame. Their wealth allows them to buy these politicians. The 99 percent have no say in what happens.
    LOL!!

    You didn't answer my questions. Could it be that you are in the wrong thread?

    Have you checked the thread title lately?
    TANSTAAFL

    “An armed society is a polite society.”
    ― Robert A. Heinlein, Beyond This Horizon

  8. #318
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by Mycroft View Post
    LOL!!

    You didn't answer my questions. Could it be that you are in the wrong thread?

    Have you checked the thread title lately?
    I already answered the question in previous posts. Go back and read it.
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by 99percenter View Post
    I said that they were negligible compared to the tax cuts that wealthy folks got. I never said they were insignificant.
    Alright, so Bush tax cuts for the middle class was significant. I would disagree it is negligble to the tax cuts to the wealthy, 75% of the cuts were to the middle class.

    You didn't respond to one of my questions. All counties with a welfare state, makes everyone pay large amounts. What makes you think America is so different that America only needs to tax the very rich?

  10. #320
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by Camlon View Post
    Alright, so Bush tax cuts for the middle class was significant. I would disagree it is negligble to the tax cuts to the wealthy, 75% of the cuts were to the middle class.

    You didn't respond to one of my questions. All counties with a welfare state, makes everyone pay large amounts. What makes you think America is so different that America only needs to tax the very rich?
    All those countries dont run huge deficits that we do and all we are doing is returning to clinton rates. I believe in a progressive tax system and so do most americans wealthy and poor.
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