View Poll Results: Doesn't a middle class tax cut also benefit the rich?

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Thread: Doesn't a middle class tax cut also benefit the the Rich?

  1. #21
    warrior of the wetlands
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    Re: Doesn't a middle class tax cut also benefit the the Rich?

    Quote Originally Posted by Kandahar View Post
    I wasn't even disputing your point, but merely asking if you had any evidence to support your claim or just blowing hot air out your ass to justify your wealthy-have-it-rough snobbery. Your failure to even ATTEMPT to justify your speculation suggests the latter. You're right, the wealthy have it so bad in this country...and policy-makers should only be concerned about their well-being. Why, the mere thought that the middle-class might vote in a way that benefits themselves instead of the wealthy should be unthinkable! The horror, the horror. Merely stating that possibility should be sufficient to end any argument on tax policy or anything else.

    Now carry on.
    scrape away the thin facade of supposed "what is best for America" from a liberal and what will you find-a boil of envy and spite



  2. #22
    warrior of the wetlands
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    Re: Doesn't a middle class tax cut also benefit the the Rich?

    Quote Originally Posted by drz-400 View Post
    I am sure you think that is the case, but I have seen no conclusive proof that america is doomed; especially because of middle class tax cuts and/or upper class tax increases.
    of course you wouldn't



  3. #23
    Professor

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    Re: Doesn't a middle class tax cut also benefit the the Rich?

    Quote Originally Posted by TurtleDude View Post
    of course you wouldn't
    Hey turtledude,

    nice evasion on responding to my point-dishonest and silly but an A for effort.

  4. #24
    warrior of the wetlands
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    Re: Doesn't a middle class tax cut also benefit the the Rich?

    Quote Originally Posted by drz-400 View Post
    Hey turtledude,
    An F for originality there kid



  5. #25
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    Re: Doesn't a middle class tax cut also benefit the the Rich?

    Quote Originally Posted by Kandahar View Post
    Yes, it does. Since the poor and middle-class are much more likely to spend their money than the wealthy are, cutting their taxes will do more to stimulate the economy...which will result in more capital gains for the wealthy.
    Well the same percentages for the middle class would also apply to the rich up to $250K, then the new marginal rate would apply to only amounts over the $250K rate.


  6. #26
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    Re: Doesn't a middle class tax cut also benefit the the Rich?

    Quote Originally Posted by pbrauer View Post
    Reckless spending like starting two wars?
    Like taking over 17% of the US economy.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  7. #27
    Equal Opportunity Hater
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    Re: Doesn't a middle class tax cut also benefit the the Rich?

    Quote Originally Posted by Kandahar View Post
    Yes, it does. Since the poor and middle-class are much more likely to spend their money than the wealthy are, cutting their taxes will do more to stimulate the economy...which will result in more capital gains for the wealthy.
    Who here can define "marginal propensity to spend?"

    I'm betting it's not a partisan!
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  8. #28
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    Re: Doesn't a middle class tax cut also benefit the the Rich?

    Quote Originally Posted by TurtleDude View Post
    common sense
    So no, you don't have evidence.

    When Common Sense Is Wrong and Help Can Harm | Psychology Today

    Common Sense is hardly a subsitute for evidence.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  9. #29
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    Re: Doesn't a middle class tax cut also benefit the the Rich?

    Quote Originally Posted by American View Post
    Like taking over 17% of the US economy.
    Hey, tell me when medicare started. You're a few decades behind.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  10. #30
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    Re: Doesn't a middle class tax cut also benefit the the Rich?

    Quote Originally Posted by pbrauer View Post
    Doesn't a middle class tax cut (AGI up to $250K) also benefit the the Rich?
    Technically, any tax cut for those with high MPS will benefit the rich. As the rich hold something like 87% of all securities, the increase in spending by high MPS consumers will benefit the rich via gains and increased cash flows by their securities.

    For the same reason that corporate welfare benefits the rich as it artificially boosts income and dividends. Any increase to corporate profits benefits the rich.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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