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Obama to call for new tax increases in State of the Union address

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Obama to call for new tax increases in State of the Union address | Fox News

Let's here it Obama supporters how does taxing the rich benefit the U.S. economy and how much money is going to be generated to fund the liberal spending appetite?

Class warfare is never going to solve the problems we face in this country and what ever happened to incentive to create more upper class individuals? Growing up I always strove to generate enough money to pay for a family that I hoped to have and fund charities that I want to support. My education process taught me the value of hard work and the desire to succeed. What happened to that philosophy in today's world? Why is it the Federal Government's role to tell the private sector where to spend its own money and on what?
 
Obama to call for new tax increases in State of the Union address | Fox News

Let's here it Obama supporters how does taxing the rich benefit the U.S. economy and how much money is going to be generated to fund the liberal spending appetite?

Class warfare is never going to solve the problems we face in this country and what ever happened to incentive to create more upper class individuals? Growing up I always strove to generate enough money to pay for a family that I hoped to have and fund charities that I want to support. My education process taught me the value of hard work and the desire to succeed. What happened to that philosophy in today's world? Why is it the Federal Government's role to tell the private sector where to spend its own money and on what?

Benefitting those with a higher Marginal propensity to consume usually helps a consumer driven economy
 
Benefitting those with a higher Marginal propensity to consume usually helps a consumer driven economy

Taking from the top end to redistribute to the lower classes doesn't benefit anyone especially since it is the Govt. doing the redistribution. Too much waste, fraud, and abuse of our taxdollars to do any good and per Obama this tax on the rich will generate 32 billion dollars a year enough to run out govt. for a couple days and certainly a waste of money and effort. Let the rich spend their dollars, invest their dollars, save their dollars the way they want without govt. intervention. That is the American way where neighbor helps neighbor and nothing defines the Federal Govt. as that neighbor.
 
Submit a budget, let's debate it, show what you want to add with the tax money and let's if we can justify a tax increase.

I don't think it can be done.
 
Submit a budget, let's debate it, show what you want to add with the tax money and let's if we can justify a tax increase.

I don't think it can be done.

Obama will submit a budget as required, it will exceed 3.9 trillion dollars and continue to bloated federal bureaucracy we have today that the Republicans will reject and the liberals will cry that the Republicans want to starve kids, kill seniors, and pollute the air, same old playbook and more proof that Gruber was right about the liberal base.
 
Obama will submit a budget as required, it will exceed 3.9 trillion dollars and continue to bloated federal bureaucracy we have today that the Republicans will reject and the liberals will cry that the Republicans want to starve kids, kill seniors, and pollute the air, same old playbook and more proof that Gruber was right about the liberal base.

You could probably guess, but I believe they have taxed us enough. I am also on the side that we should not be taxed by the Federal Government. Only the state. Unfortunately, that is never going away.
 
I have said it time and again, the only truly fair tax is one that affects everyone the same (outside of possible the very poor).
 
Taking from the top end to redistribute to the lower classes doesn't benefit anyone especially since it is the Govt. doing the redistribution. Too much waste, fraud, and abuse of our taxdollars to do any good and per Obama this tax on the rich will generate 32 billion dollars a year enough to run out govt. for a couple days and certainly a waste of money and effort. Let the rich spend their dollars, invest their dollars, save their dollars the way they want without govt. intervention. That is the American way where neighbor helps neighbor and nothing defines the Federal Govt. as that neighbor.

and here, in the OP, your whole complain was about what benefits the economy.

you can't have your cake, and eat it too
 
You could probably guess, but I believe they have taxed us enough. I am also on the side that we should not be taxed by the Federal Government. Only the state. Unfortunately, that is never going away.

how in the world would this function?
 
and here, in the OP, your whole complain was about what benefits the economy.

you can't have your cake, and eat it too

Taking tax dollars from anyone today to the extent this govt. does it doesn't benefit anyone. We need about a 1.5 trillion dollar or less federal govt. and every dollar going to the Federal Govt. should go for Constitutional requirements which is for defense, judicial, health and human services, and that is about it.
 
Taking tax dollars from anyone today to the extent this govt. does it doesn't benefit anyone. We need about a 1.5 trillion dollar or less federal govt. and every dollar going to the Federal Govt. should go for Constitutional requirements which is for defense, judicial, health and human services, and that is about it.

and that has WHAT to do with your OP?
here, let me paste it for you, since you seem to have forgotten. PS, I'm throwing in a chortle, too

"Obama to call for new tax increases in State of the Union address | Fox News

Let's here it Obama supporters how does taxing the rich benefit the U.S. economy and how much money is going to be generated to fund the liberal spending appetite?

Class warfare is never going to solve the problems we face in this country and what ever happened to incentive to create more upper class individuals? Growing up I always strove to generate enough money to pay for a family that I hoped to have and fund charities that I want to support. My education process taught me the value of hard work and the desire to succeed. What happened to that philosophy in today's world? Why is it the Federal Government's role to tell the private sector where to spend its own money and on what?"
 
and that has WHAT to do with your OP?
here, let me paste it for you, since you seem to have forgotten. PS, I'm throwing in a chortle, too

"Obama to call for new tax increases in State of the Union address | Fox News

Let's here it Obama supporters how does taxing the rich benefit the U.S. economy and how much money is going to be generated to fund the liberal spending appetite?

Class warfare is never going to solve the problems we face in this country and what ever happened to incentive to create more upper class individuals? Growing up I always strove to generate enough money to pay for a family that I hoped to have and fund charities that I want to support. My education process taught me the value of hard work and the desire to succeed. What happened to that philosophy in today's world? Why is it the Federal Government's role to tell the private sector where to spend its own money and on what?"

So when the govt. increases taxes on the rich that isn't taking dollars away from anyone? That post has everything to do with the thread topic. Maybe it is your comprehension that is the problem?
 
Bit of a shame that capital gains will still be taxed less than regular income under this proposal.

Why do you want to penalize risk taking? People aren't required to invest in capital projects and do so to get benefit, taking risk at a higher rate discourages investment.
 
Bit of a shame that capital gains will still be taxed less than regular income under this proposal.

bit of shame that socialists hate investment and think it sholud be doubly taxed

everyone should pay the same rate
 
Submit a budget, let's debate it, show what you want to add with the tax money and let's if we can justify a tax increase.

I don't think it can be done.

What about budget line items for discussion?
Such as this.
Taxpayers Turn U.S. Farmers Into Fat Cats With Subsidies - Bloomberg

Crop insurance, intended to safeguard farmers from natural disasters, has mutated into an income support mechanism that almost eliminates risk from agriculture, say critics such as Vincent Smith, a professor of agricultural economics at Montana State University.

When last year’s drought drove corn prices to record highs, farmers with “harvest price option” policies were paid those inflated prices for what didn’t grow -- contributing to a record bill for taxpayers and record income for farmers. “There is no social justification for these subsidies,” says Smith. “This is a program that’s fundamentally designed to give money to farmers.”

The U.S. has few farmers. So why does Congress love farm subsidies? - The Washington Post

This week, House Republicans passed a rather unusual farm bill. There was no money for food stamps for the poor, a program that typically makes up the bulk of these bills. But the House did manage to pass billions in subsidies for farmers and agribusinesses.
 
Why do you want to penalize risk taking? People aren't required to invest in capital projects and do so to get benefit, taking risk at a higher rate discourages investment.

It's not about "penalizing risk taking." People who actually work for their income are punished under the current taxation system because they have a higher tax rate than those who pay capital gains tax.
 
Submit a budget, let's debate it, show what you want to add with the tax money and let's if we can justify a tax increase.

I don't think it can be done.

Nothing is being added with the increased taxes on wealthier people...no extra services, etc...that money will go, presumably, to shore up loses incurred by lowering taxes on less wealthy people.
 
Bit of a shame that capital gains will still be taxed less than regular income under this proposal.

Do you make any distinction between short and long term capital gains or do you just want to collect more money?
 
Raising taxes should of been done a long time ago.
 
bit of shame that socialists hate investment and think it sholud be doubly taxed

Socialism by definition is public ownership of the means of production. Whatever this debate is about, it's not that.

everyone should pay the same rate

Under a flat income tax or a sales tax? There is a huge difference between the two. Also, I think it's noteworthy that you think "everyone should pay the same rate" but people who people who profit off of capital gains are somehow exempt from that.
 
Obama to call for new tax increases in State of the Union address

Of course he will. That's all the dumb ignorant socialist knows how to do, tax and spend ...... and kiss Iran's butt in his spare time.
 
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It's not about "penalizing risk taking." People who actually work for their income are punished under the current taxation system because they have a higher tax rate than those who pay capital gains tax.

Do you have any idea where those jobs came from? You really don't understand investment and risk taking, do you? Do you even consider that people investing their own money are taking a risk with many of them losing that investment? You see fat cats, I see opportunities for growth and job creation. Is it any wonder that liberalism, socialism, Marxism are failures and complete economic disasters?
 
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