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I agree. Too many tax cuts not enough spending.
My opinion is less taxes, more tax regulations, and less spending
I agree. Too many tax cuts not enough spending.
Isn't this (chart below) enough for you?I agree. Too many tax cuts not enough spending.
Isn't this (chart below) enough for you?
What about not trying to spend ourself out of crisis. We did the same in 2001, and is one of the main reasons, the crisis turned so bad, because it inflated the bouble.
Government Spending Chart: United States 2000-2015 - Federal State Local Data
We didn't "spend". We gave tax cuts to the wealthy. And spending when there is a balanced budget and peace and prosperity is bad and thats what bush did. There was no need to do that in 2001.
We didn't spend?! 2/3 of the stimulus was spending.We didn't "spend". We gave tax cuts to the wealthy. And spending when there is a balanced budget and peace and prosperity is bad and thats what bush did. There was no need to do that in 2001.
Actually, Bush gave tax cuts to everyone. Did you forget about that in your zeal to blame the wealthy?
Yea but you may have inciting a gearhead warSorry, mistaken Ford for GM.
[...] I'm not inciting class warfare,
The tax cuts given to the middle class were negligible compared to the ones given to the wealthy. I hope you knew that.
The tax cuts given to the middle class were negligible compared to the ones given to the wealthy. I hope you knew that.
Except they weren't. 75% of the tax cuts was given to the middle class. And the rich increased their share of taxes. You seriously need to stop listening to propaganda.The tax cuts given to the middle class were negligible compared to the ones given to the wealthy. I hope you knew that.
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?
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.
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."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]
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.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.
But you just said the tax cuts for the middle class was insignificant.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.
I said that they were negligible compared to the tax cuts that wealthy folks got. I never said they were insignificant.But you just said the tax cuts for the middle class was insignificant.
Then why not reverse all of it?
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?
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.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?
.Charles Hugh Smith said:If we can finally be truthful with ourselves as a nation, then we must admit that our financial system is fundamentally based on lies, fraud, embezzlement, misinformation, perverse filters and incentives, shadow systems that mock transparency and regulation, class privilege and the systemic flouting of the rule of law.
This is the truth that hurts because it reveals the financial system as one stupendous exploitative fraud; but it also reveals the complicity and irrelevance of our judicial system and the complete capture of the legislative and Executive processes of governance.
There is a system of government in which rule of law is merely a propaganda screen, where financial and political Elites run the show and escape the consequences of their actions: it's called tyranny. The truth is that we live in a financial tyranny
But America already has the most progressive tax system in the western world. You want to make it even more progressive. The countries with welfare states, which I presume you support, have high taxes on everyone. Not just the 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.
But America already has the most progressive tax system in the western world. You want to make it even more progressive. The countries with welfare states, which I presume you support, have high taxes on everyone. Not just the rich.
And yes many of these countries do run high budget deficits.
And returning to Clinton tax rates would mean that the tax rates for the poor would also increase. Why shouldn't we increase taxes on everyone. Why should the rich pay for everything? Or, why would you think the rich would pay for everything. If taxes become to burdensome, they will just move their money and capital abroad.
Why is it the fiscally responsible thing to do? Taxing the rich even more, will just make them invest even less in the US. Taxes for the rich in the US, is just as high as the rest of the word, in fact it is higher than many countries. I hope you realize how much they are already paying.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.