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. #341
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by Mycroft View Post
    Actually, Bush gave tax cuts to everyone. Did you forget about that in your zeal to blame the wealthy?
    The mega rich got bigger tax cuts than the middle class due to the cuts he made in the tax rate on capital gains and inheritance. That doesn't even include the tax subsidies for companies to outsource American jobs.
    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: Is the OWS against Capitalism?

    Quote Originally Posted by 99percenter View Post
    Because its the fiscally responsible thing to do. The middle class folks already see their benefits and entitlements being cut. Its time for the wealthy to give up their tax breaks too.
    The majority of voters are saying the same thing.
    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

  3. #343
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by Catawba View Post
    The mega rich got bigger tax cuts than the middle class due to the cuts he made in the tax rate on capital gains and inheritance. That doesn't even include the tax subsidies for companies to outsource American jobs.
    exactly!!!

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


  4. #344
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by Dickieboy View Post
    Maybe so, maybe not. If the wealthy decide to retract from the US market and invest overseas the reduction in available capital AND taxable income would hurt would it not?
    That didn't happen in the 1940's through the 1970's when effective tax rates for the rich was much higher than it is now. Nor did it happen in the 1990's when Clinton increased the tax rates.

    What increased the outsourcing of investment and jobs were the tax subsidies for doing so.
    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. #345
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by Dickieboy View Post
    And how does this comply with the US Constitution or are you being facetious?
    Can you show me where in the Constitution it says we must provide tax breaks for outsourcing American jobs???
    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

  6. #346
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by Catawba View Post
    Can you show me where in the Constitution it says we must provide tax breaks for outsourcing American jobs???
    as far as I am concerned, giving tax-breaks for companies to move jobs overseas, is treason.

  7. #347
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by FreedomFromAll View Post
    Well neither does the Left give a damn about the poor. The Left's rhetoric focuses on the middle class.
    I find this to be untrue. The left focuses on the poor as well.

    You mean to tell me republicans are interested in the well-being of the poor class? What a laugh.

  8. #348
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by 99percenter View Post
    where are you getting your numbers from. The bush tax cuts for the wealthy amount to 4 trillion over 10 years which is 400 billion a year.
    My numbers come from my own calculations, from IRS income data and using those proposals that I am aware of. The only proposals that I am aware of are for increasing the rate from 35.5 to 39.5, 4%. This applied to the income of the top bracket, around $2t, results in an annual revenue increase of $80b. Of course the IRS data is a couple of years old and there may be other rate increase proposals out there that I am not aware of.

    Where did you get your numbers?

  9. #349
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by Thunder View Post
    as far as I am concerned, giving tax-breaks for companies to move jobs overseas, is treason.
    The Democrats have a bill to end the tax breaks for outsourcing jobs. Guess who is blocking the bill?
    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

  10. #350
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    Re: Is the OWS against Capitalism?

    Quote Originally Posted by FreedomFromAll View Post
    Well neither does the Left give a damn about the poor. The Left's rhetoric focuses on the middle class.
    yeah, that's why the Democrats are trying to prevent & minimize cuts to Medicaid.

    because they don't give a damn about the poor.

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