View Poll Results: Obama Tax Supporters=What is more Important to You

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  • Saving the tax cuts for yourself (and the rich)

    1 6.25%
  • Sticking it to the rich with a tax hike for everyone

    15 93.75%
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Thread: Obama Tax supporters=what is more important to you

  1. #211
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    Re: Obama Tax supporters=what is more important to you

    Quote Originally Posted by Catawba View Post
    Naturally, as they are the most wasteful. Next I would re-institute the Glass-Steagall Act to prevent future bailouts of banks too big to fail, then I would upgrade our health care system to UHC thereby cutting future health care costs in half, then I would increase the FICA Cap from $106,000 to $180,000 fixing social security for the long term. Then I would look at increasing minimum wage to a living wage as an alternative to welfare for all those except the disabled.
    Jeezus!!

    You REALLY want to screw the pooch for our country, don't you?
    TANSTAAFL

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    ― Robert A. Heinlein, Beyond This Horizon

  2. #212
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    Re: Obama Tax supporters=what is more important to you

    Quote Originally Posted by TurtleDude View Post
    that is an idiotic justification for raising taxes. It would be like telling Roger federer that they are only going to allow him to win one major in a year and justify it by saying he still wouldn't trade places with 50000 other tennis players.

    the fact is, the masses think that other people should pay more so they, the masses, can have more
    TD, that's silly. It's no such thing. Is this your way of saying you don't have an argument?

    And no, we have a huge debt. Serious people know we have to cut spending and raise taxes. Now, I am not willing to attacked the weakest so the strongest can not have their feelings hurt. The rate is merely a number, and letting the Bush tax cuts (which didn't prevent the recession) expire will give needed revenue. And we should focus on real cuts, preferably where we're most able to handle them, not leaving the most needy adrift. But, there should be some hard choices made. Those on both sides who say we can do neither betray the country and continue the status quo.

    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.

  3. #213
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    Re: Obama Tax supporters=what is more important to you

    Quote Originally Posted by Boo Radley View Post
    TD, that's silly. It's no such thing. Is this your way of saying you don't have an argument?

    And no, we have a huge debt. Serious people know we have to cut spending and raise taxes. Now, I am not willing to attacked the weakest so the strongest can not have their feelings hurt. The rate is merely a number, and letting the Bush tax cuts (which didn't prevent the recession) expire will give needed revenue. And we should focus on real cuts, preferably where we're most able to handle them, not leaving the most needy adrift. But, there should be some hard choices made. Those on both sides who say we can do neither betray the country and continue the status quo.
    you just don't get it

    what will the middle class do when the Dems response to this allegedly horrible deficit is to merely tax the rich more

  4. #214
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    Re: Obama Tax supporters=what is more important to you

    Quote Originally Posted by TurtleDude View Post
    you just don't get it

    what will the middle class do when the Dems response to this allegedly horrible deficit is to merely tax the rich more
    Where did I say that is all that should be done? Try addressing what I agrue. There are problems on both sides. But we must understand both cuttig spending and raising taxes need to be done.

    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.

  5. #215
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    Re: Obama Tax supporters=what is more important to you

    Raising anyone's income taxes when the unemployment rate is over 8% is a bad idea, imo.

    Just how many jobs the rich create is debatable.

    But they obviously create many, and taxing them more is not going to get them to create any more then they do now - probably the opposite.

    And America needs every job it can get right now.


    It just seems to me that this is nothing more then an (understandable) emotional reaction from the resentful masses to the privileged few. And the Dems are trying to parlay that resentment into a few votes.

    Normal Washington games - but I say wait until the economy is on firmer ground first.


    And please don't tell me about how Obama is doing this primarily to save so much money.

    The Dem controlled WH runs up more debt in the last 3 1/2 years then any other POTUS in history (including GWB) and now they are suddenly all fiscally conscious by cutting the deficit by only about 1/15 by this measure?

    Please....

    This is about votes - little more.
    Last edited by DA60; 07-27-12 at 01:07 AM.

  6. #216
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    Re: Obama Tax supporters=what is more important to you

    Quote Originally Posted by TurtleDude View Post
    you have any citations supporting that idiocy and who decides if it is wasteful?
    You are the one that claimed that wasteful military spending was authorized under the Constitution.

    And as always, it will be the people that decide what military spending is wasteful, and guess what, despite Romney's admonition that the president was ending the war in Iraq too soon, the majority of people agreed with ending our war there.
    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. #217
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    Re: Obama Tax supporters=what is more important to you

    Quote Originally Posted by TurtleDude View Post
    there is some truth to that-some of it involves paying off contractors of powerful politicians

    but its not near the waste that the stuff that has no proper constitutional basis racks up
    What programs have no constitutional basis? Bear in mind that the Constitution specifies that it is the Supreme Court that shall interpret what is Constitutional and what is not?
    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

  8. #218
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    Re: Obama Tax supporters=what is more important to you

    Quote Originally Posted by Neomalthusian View Post
    1) That's not an expenditure cut. We were talking about decreasing government.
    2) The GLB act does not force the government to bail out failed banks.



    1) This isn't an expenditure cut. We were talking about decreasing government.
    2) You've never shown that UHCcauses health care costs to halve.



    This isn't an expenditure cut. We were talking about decreasing government.



    This is an increase in expenditure. We were talking about a decrease.



    Go back to post #185. We were talking about shrinking the federal government, and you said "well let's start with the military," and I essentially said, "okay, what else?" In other words, what else would you be willing to do to shrink the federal government?


    You and others in the far right minority, are the only ones talking about reducing government, and fortunately none of the far right candidates won. All the rest of us care about is reducing the deficit. making life better for people, and improving the economy.

    Nevertheless, our allowing the creation of banks too big to fail through GLB was a big factor in our increased debt. Without the firewall between investment banks and commercial banks, both parties realized that we were now trapped in the position of having to bailout investment banks to prevent a collapse of the world financial market.

    Not too surprising that: "Sanford Weill , the 'one-time poster boy' for creating bank supermarkets (as noted by former FDIC Chairperson Sheila Bair), was conveying during his interview. He essentially called for the return of the Glass-Steagall Act of 1932, which imposed banking reforms that split banks from other financial institutions such as insurance companies. The conversation revolved around the repeal of the Act, which prohibited commercial banks from acting like investment banks, by taking on much greater risk. Although there are those who will dispute it, there is little doubt that this drastic climate change in contributed to the financial meltdowns of recent years."
    Glass-Steagall: Why We Shouldn't Fix Things That Aren't Broken - Seeking Alpha
    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

  9. #219
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    Re: Obama Tax supporters=what is more important to you

    Quote Originally Posted by Mycroft View Post
    Jeezus!!

    You REALLY want to screw the pooch for our country, don't you?
    That's what will be required to address our problems. Or, you can just keep hoping for magic to make it all better.
    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. #220
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    Re: Obama Tax supporters=what is more important to you

    Quote Originally Posted by Catawba View Post
    You and others in the far right minority, are the only ones talking about reducing government, and fortunately none of the far right candidates won. All the rest of us care about is reducing the deficit.
    Read that again.

    Nevertheless, our allowing the creation of banks too big to fail through GLB was a big factor in our increased debt.
    What increased our debt was our government's decision to bail it out. There was still a choice, even with GLB. Everything the banks and their customers did wrong, was flung back onto us. It was the single greatest discrete transfer of wealth from the public to the private banking sector in the history of the world.
    Last edited by Neomalthusian; 07-27-12 at 02:07 AM.

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