View Poll Results: Is it unreasonable to pay a little more?

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  • Yes. I'm a greedy bastard!! I need MORE!!!

    28 28.87%
  • No. There's comes a point in wealthiness where it just doesn't even matter anymore.

    61 62.89%
  • I'm not sure.

    8 8.25%
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Thread: Is it unreasonable for the wealthiest to pay a little more?

  1. #391
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    Re: Is it unreasonable for the wealthiest to pay a little more?

    Quote Originally Posted by cannuck View Post
    Actually, it runs on debt. The dollars collected come no where near expenditures. The Fed then just prints the money, so it matters not if you call it percentages, dollars or notes - it is all money that the government doesn't have and will never pay.
    Well, we've been in debt almost since the beginning and will likely stay in debt, true. However, we can manage things more efficiently and try not to add to the debt. Especially when the economy is running smoothly.

    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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    Re: Is it unreasonable for the wealthiest to pay a little more?

    Quote Originally Posted by OscarB63 View Post
    again...the economy doesn't run on percentages.
    The economy prospers when there is strong demand from a strong middle class. That was what the presidential election choice was about. One side wanted to continue trickle down economics and one side believed building a strong middle class was the best way to strengthen the economy.
    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. #393
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    Re: Is it unreasonable for the wealthiest to pay a little more?

    Quote Originally Posted by Catawba View Post
    The economy prospers when there is strong demand from a strong middle class. That was what the presidential election choice was about. One side wanted to continue trickle down economics and one side believed building a strong middle class was the best way to strengthen the economy.
    how is giving more handouts to "the poor" going to create a strong middle class? experience over the past 60 years has shown that all it does is create an ever increasing population dependent on the govt.
    The best argument against democracy is a five-minute conversation with the average voter.

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    Re: Is it unreasonable for the wealthiest to pay a little more?

    Quote Originally Posted by OscarB63 View Post
    how is giving more handouts to "the poor" going to create a strong middle class? experience over the past 60 years has shown that all it does is create an ever increasing population dependent on the govt.
    You know nothing about what builds a strong economy if you think our 30 years of trickle down economics made the country stronger, which explains your surprise that trickle down economics was rejected by the people.
    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 it unreasonable for the wealthiest to pay a little more?

    Quote Originally Posted by Catawba View Post
    You know nothing about what builds a strong economy if you think our 30 years of trickle down economics made the country stronger, which explains your surprise that trickle down economics was rejected by the people.
    deflect much? I never said dick about trickle down economics. now care to actually respond to what i did say? or are you just going to post another george carlin video
    The best argument against democracy is a five-minute conversation with the average voter.

    An appeaser is one who feeds a crocodile, hoping it will eat him last.

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    Re: Is it unreasonable for the wealthiest to pay a little more?

    Quote Originally Posted by OscarB63 View Post
    deflect much? I never said dick about trickle down economics. now care to actually respond to what i did say? or are you just going to post another george carlin video
    Shows how much you know about the economy that you refuse to acknowledge the peoples choice between continuing trickle down economics or going to a bottom up approach by making the middle class stronger.
    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 it unreasonable for the wealthiest to pay a little more?

    The debt that the US carried up to...oh, about Reagan, was repayable for a number of reasons. However, all that came starting with that administration of the Ridiculous Righteous Right no longer has a strong export economy nor a productive economy to generate the revenue to pay it back. On top of that, it has increased exponentially from the Looney Left's entitlements - that stand to add another $100 TRILLION or so over the next decade in unfunded liability. That is a very different scenario than what has existed during the previous century.

    I think it was in this thread earlier when someone posted the some trends related to tax rates. When the top personal rate was 90% things weren't much different economically than they are now, so why is everyone so convinced that increasing taxes to the point where they at least make some tiny gesture towards servicing the existing debt is such a bad idea? On the other partisan hand, why would you let a government that has no visible means of support spend your children's and grand children's future on entitlements?

    Even the Greeks have a better handle on how to manage their finances than Washington.

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    Re: Is it unreasonable for the wealthiest to pay a little more?

    Quote Originally Posted by OscarB63 View Post
    how is giving more handouts to "the poor" going to create a strong middle class? experience over the past 60 years has shown that all it does is create an ever increasing population dependent on the govt.
    No liberal has ever said "Let's fix the economy by giving free money to poor slackers." Their current belief is that, by favoring working and middle class Americans, these people will have more of their own money to spend on products and services, which will in turn help the economy. We can't keep giving tax cuts to the "job creators" in the hopes that they'll create jobs; they already have the money to expand their industry and raise worker wages, they just choose not to. The last election was proof enough; $6 billion was spent on campaigning, and the vast majority came from SuperPACs and wealthy beneficiaries. Rather than trying to buy favors from the government, they could have used that money to raise wages or hire new employees.

    Here's a prime example of trickle-down economics at work: Wal-Mart. CEO Michael Duke earns more in an hour than an associate earns in a year (according to ABC news, Duke earns $16,827/hr, while a new employee would earn $13,650/yr), and costs the federal government at least $2 billion in taxpayer money. Additionally, the Wal-Mart heirs are worth more than $100 billion together - a higher net worth than 40% of Americans combined.

    Trickle-down is a good theory, but in practice, it has failed our nation horribly. As a species, we are, by nature, greedy, so when these rich individuals receive a tax break or corporate welfare, most of the time, they don't invest the money. They pocket it. We don't advance as a nation by repeating failed policies.

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    Re: Is it unreasonable for the wealthiest to pay a little more?

    Quote Originally Posted by Vapor View Post
    We can't keep giving tax cuts to the "job creators" in the hopes that they'll create jobs; they already have the money to expand their industry and raise worker wages, they just choose not to.
    Thing is, the US does NOT give tax breaks to job creators, it gives them to financial speculators. Capital gains are taxed one time between 0% and 35%, whereas dividends are taxed once at the corporate level from 15% to 35% and then once again to the shareholder at 10% to 40%. Wall Street gets a free ride and Main Street gets clobbered. Care to guess who actually owns this and several previous Administrations???? Let me give you a hint: it ain't Main Street.

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    Re: Is it unreasonable for the wealthiest to pay a little more?

    Quote Originally Posted by cannuck View Post
    Thing is, the US does NOT give tax breaks to job creators, it gives them to financial speculators. Capital gains are taxed one time between 0% and 35%, whereas dividends are taxed once at the corporate level from 15% to 35% and then once again to the shareholder at 10% to 40%. Wall Street gets a free ride and Main Street gets clobbered. Care to guess who actually owns this and several previous Administrations???? Let me give you a hint: it ain't Main Street.
    Where were you for the Bush tax cuts? The GOP's main argument was that it would help job creators, and repealing them would do the opposite. "Job creator" at this point is also a generic term for "rich guy." And let's not forget the billions of dollars in subsidies oil companies and other big businesses receive. I was involved with the Occupy movement for awhile, so I've heard most arguments about Wall Street and capital gains. Is it a problem? Yes, but its just one (major) face of a multi-faceted issue. Corporate executives benefit from investments and low capital gains taxes, too, but I'm more concerned with how employers' actions affect their employees, at this time. No one wants to believe the elite theory because it screams "conspiracy," so we do what we can. At this point, the best way to curb Wall Street's influence is by repealing Citizens United and reinstating the Glass-Steagall Act.

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