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What purpose did the tax cut for the wealthiest serve?

Well, I would think that the first thing that would happen is that the wealthy would pay the taxes. I think they would pay their taxes just like the 47% who currently pay no income taxes would pay their taxes if they had to pay an income tax. Second, depending on the amount of the tax increase, it would probably cause harm to the employment picture as some of the "wealthy" are probably going to have to lay off a person or two so they don't have too much of a negative impact on their own life. Third, depending on how many people were let go because of the tax hikes, the government probably would not receive the amount of money they anticipated as some would no longer be paying taxes. Fourth, the deficit might increase because the amount of revenue might be lowered and the expenses might increase due to unemployment insurance. Fifth, there may be less money available to purchase goods; therefore, retail sales may decline and further harm our already fragile economy.

That's a few things that could happen.

It sounds like you are describing exactly what had already happened with the combination of deregulation and the Bush tax cuts, find a new tune we have heard that one, taxes should be raised dramatically "60 to 70%"on any company that has relocated more then 40% of their workforce, Instead of giving tax payer dollars to companies relocating overseas we should impose high import taxes on them
 
It sounds like you are describing exactly what had already happened with the combination of deregulation and the Bush tax cuts, find a new tune we have heard that one, taxes should be raised dramatically "60 to 70%"on any company that has relocated more then 40% of their workforce, Instead of giving tax payer dollars to companies relocating overseas we should impose high import taxes on them

I see you love tyranny.
 
I actually only 3 of us here are socialists. Liberals love the free market.... Please continue tho TurtleDude you never answered my question if the riches taxes are raised what is going to happen?

welfare socialist is a different creature than hard core socialists
 
It sounds like you are describing exactly what had already happened with the combination of deregulation and the Bush tax cuts, find a new tune we have heard that one, taxes should be raised dramatically "60 to 70%"on any company that has relocated more then 40% of their workforce, Instead of giving tax payer dollars to companies relocating overseas we should impose high import taxes on them

economic reality is at odds with your emotional driven desires to punish companies
 
No one, I repeat, no one, whines like you do.

Here is just a smattering of some of your golden oldie have-pity-on-the-rich whines:

not only is this an obsession it also is dishonest. The fact is that this board crawls with threads started by envious whiners about the rich and that I counter those many threads is hardly signs I am whining. Rather what you have quoted is accurate and I doubt you can rebut what I have said-such as my assertion that the rich pay a higher share of the income tax burden now than at any time in the last 70 years

That you have a bash the rich swarm is amusing-I could do the same massive quote thing with You and every member of the hate the rich posse.
 
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Sorry. I am not sure how I did that, as I got it correct as Earl's and then ended up pasting your name and thread in it. Weird. Again, sorry for the error.

No problem, I forgive you .lol:peace
 
I look forward to the revolution at the voting booth next November, when the working class get rid of those working against their interests. :sun

Ah my friend that can not happen, after all you would have to evacuate the White house and congress.
But I'll take what I can, lol
 
McCain was not elected, Obama was. Neither Bush nor Obama has handled the financial mess correctly.



The program I have offered here was not tried by Bush and certainly not by Obama.



I'm not sure what this refers to, but if it had to do with employment, jobs went up after Bush the tax cuts.



I certainly have not said that the American people are stupid. Beyond that, I don't understand your comment.



If there were legitimate needs for the government to hire people, it would not be a bailout. I have no idea how you have read into anything I have said that would lead you to believe that I favor handouts in providing government jobs.



Not doing well since the financial mess hit.



It won't as long as progressives/liberals stand in the way. Reagan, Bush, and Bush did not attempt what I am talking about.



Apparently, Americans prefer Japanese and South Korean cars. Don't look at me with that regards. I buy American.



I said it first.



I agree. We need a President who knows how to create jobs.



I've already commented on this.



Okay.



And avoiding excessive taxes and regulations.



Be my guest. Question them. You might learn why they do it.



True.



I don't recall saying anything about the Constitution in this discussion, but now that you bring it up, many things the Federal Government does is unconstitutional and possibly so is the Patriot Act. Donh't you want to follow the Constitution?



Sorry, you lost me on this one. A city, county, or state government has the authority to enact legislation to ban smoking in certain areas. That falls under the Tenth Amendment. As for the No Solicitors sign, I have no problem with the Federal Government doing that. Of course, the going out of business sale should be going on at the same time. :lol:



Well, many Americans do work for Mercedes, Honda, & BMW.



I take it you do not own a home. Yes, the property taxes are paid to the state.



Sorry, but you lost me again with this one.



Can you tell me which President ended taxes for companies and slashed regulations? Answer: None.



Worldwide.



Technology, for one. The rest I have previously answered.



I'm with you on creating jobs. It appears that we are miles apart on how to create jobs.


If at first you don't succeed try try again, McCain as was Palin was idiots then and remain so today.

Neither was the program I offered by Bush, or Obama.

In 1999 America had a small surplus in 2008 America was 3 trillion dollars in debt so those jobs must have went overseas cause the tax revenue dropped , the bailouts, not to mention a little thing called Real estate that bottomed out
No person would have quit their job in 2000, job security left after the nafta crap passed..

So outsourceing had nothing to do with the current financial mess???

American prefer JOBS to buy American if not, Well their jobs is going overseas why not their money as well
How many American factories in America compared to Japanese, How many American factories in China compared to Japanese factories here? #1 car seller Hyundia Japanese. Coincedence?

Presidents don't create jobs corporations create jobs, or they used to.
That's how I read into your legitiment means for the government to hire people backdoor bailout.
If corporations want consumers furnish jobs if not good luck.

Without excesive tax the American government would have no money to bailout corporations , oh that's right they don't anyway.

I don't have to question the management of corporations I already know why and how .
Why GREED
How CAMPAIGN CONTRIBUTIONS.

I'D LOVE TO FOLLOW THE CONSTITUTION AND DECLARATION especially this part LIFE, LIBERTY AND THE PURSUIT OF HAPPINESS, one can not be happy whatching his job go overseas, but one can not be happy whatching black ink turn to red either. which will happen.

I think Politicians could survive without lobbyist or no bid contracts.

If an American worker is working for an American auto company and he loses his job his house to outsourceing and a foreign company hires him where do you think his loyalty will be the ones that furnish a job and money or the ones that let him go?

Working on buying one now I've owned and sold 3 homes 4 trailers.

Ah I'm disappointed you don't know Lincoln's speech a house must be UNITED , "FOR A HOUSE DIVIDED AGAINST ITSELF CAN NOT STAND" he was talking about America for America had become divided by the civil war.
Today America is becoming divided once more top and bottom, America can not stand this way either


Wrong Andrew Jackson at one time America was free of debt , the only president to do so, look it up.


What's complicated about creating jobs . negoiate with workers on an acceptable price and hire people.
It's not rocket science., it's been done before
FYI It seems each time I respond to you your post gets longer, so I didn't respond to all paragraphs:peace
 
not only is this an obsession it also is dishonest. The fact is that this board crawls with threads started by envious whiners about the rich and that I counter those many threads is hardly signs I am whining. Rather what you have quoted is accurate and I doubt you can rebut what I have said-such as my assertion that the rich pay a higher share of the income tax burden now than at any time in the last 70 years

That you have a bash the rich swarm is amusing-I could do the same massive quote thing with You and every member of the hate the rich posse.

LOL! You just don't stop the whine do you? Poor, poor, pitiful rich people, have sympathy on how hard they have been having it. Boo-hoo, I am all torn up. :sun
 
LOL! You just don't stop the whine do you? Poor, poor, pitiful rich people, have sympathy on how hard they have been having it. Boo-hoo, I am all torn up. :sun

Hilarious, theres never any middleclass worker or poor bashing going on around here either...LOL talk about dishonesty wow
 
Ah my friend that can not happen, after all you would have to evacuate the White house and congress.
But I'll take what I can, lol

We the people have that power through the vote to do that, perhaps in a few more hundred years, we will eventually figure that out. :sun
 
Hilarious, theres never any middleclass worker or poor bashing going on around here either...LOL talk about dishonesty wow

No, of course not, no one here has ever referred to the middle class and seniors as parasites sucking on the government teat. Evidently in a class war, it is not expected by some that those under attack fight back. We will see how the strategy of the GOP to go after the middle class and seniors plays out in the next election. :sun
 
No, of course not, no one here has ever referred to the middle class and seniors as parasites sucking on the government teat. Evidently in a class war, it is not expected by some that those under attack fight back. We will see how the strategy of the GOP to go after the middle class and seniors plays out in the next election. :sun

When people act like parasites I call them parasites. If you don't want to be called a parasite stop being one. The problem this country has is your plans has made them parasites against their will. Now they sit back expecting things from other people as if they deserve it. I feel sorry for the middle class and the poor because they have you on their back trying to make them feel weak.
 
FYI It seems each time I respond to you your post gets longer, so I didn't respond to all paragraphs:peace

I'll keep this response short. Could you enumerate exactly what you would do to end companies going abroad and how you would bring down unemployment in the U.S.? Thanks.
 
I'll keep this response short. Could you enumerate exactly what you would do to end companies going abroad and how you would bring down unemployment in the U.S.? Thanks.


Huge tariffs on thier products produced abroad before they entire the country...just like most other countries do...hence our huge trade deficits
Thats for starters...and give tax BREAKS only for the companies or division of the companies that are american employers...no tax cuts just in case you create a job....a nice tax cut AFTER you create the jobs

Let me remind you LesGovt ..GE paid not only zero taxs on 15billion profit, they got a 300,000,000 tax credit and to show their appreciation they announced they are moving their xray division to china...to employ chinese ....thank you GE we dont need any jobs here...Proves taxs and regulations have nothing to do with job creation here...
 
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When people act like parasites I call them parasites. If you don't want to be called a parasite stop being one. The problem this country has is your plans has made them parasites against their will. Now they sit back expecting things from other people as if they deserve it. I feel sorry for the middle class and the poor because they have you on their back trying to make them feel weak.

I have no pity for the rich that have sucked the life blood out of our economy. The government should total the wealth of each person worth more then 1 million dollars and take back 70% from anyone that has participated in the Wall Street ponzi schemes of derivatives markets and speculating
 
Anyone ever heard of equality? Taxing the rich more smacks of pure Socialism, maybe Communism. "From each according to their ability, to each according to their needs".
 
Anyone ever heard of equality? Taxing the rich more smacks of pure Socialism, maybe Communism. "From each according to their ability, to each according to their needs".

Equality? As in all incomes being equal? If they were so then we could tax them all the same. But they are not. All incomes are not equal.
 
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Huge tariffs on thier products produced abroad before they entire the country...just like most other countries do...hence our huge trade deficits
Thats for starters...and give tax BREAKS only for the companies or division of the companies that are american employers...no tax cuts just in case you create a job....a nice tax cut AFTER you create the jobs

Let me remind you LesGovt ..GE paid not only zero taxs on 15billion profit, they got a 300,000,000 tax credit and to show their appreciation they announced they are moving their xray division to china...to employ chinese ....thank you GE we dont need any jobs here...Proves taxs and regulations have nothing to do with job creation here...

Let me start with you last error first. GE did not move its x-ray division to China. It is still in Milwaukee. They did send a small portion to China as China is a large developing market for which they wanted to compete.

Who are you referring to when you say "Huge tariffs on their products..."

Next, GE has tens of thousands of American employees. I take it you would give them a tax break. I would not tax them at all and I would lessen the regulations. You need to explain your program a bit more completely as I am not sure how your program answers my questions.
 
Equality? As in all incomes being equal? If they were so then we could tax them all the same. But they are not. All incomes are not equal.

Ah, the equal results argument over the equal opportunity argument. Got it.
 
I have no pity for the rich that have sucked the life blood out of our economy. The government should total the wealth of each person worth more then 1 million dollars and take back 70% from anyone that has participated in the Wall Street ponzi schemes of derivatives markets and speculating

Unbelievable. No wealthy person ever held my wife and me back from moving from rags to suits and gowns. Maybe you worry too much about the "rich." Perhaps, if you spent more time ensuring that you were the best person you could be, you might do better. Just a thought.
 
Equality? As in all incomes being equal? If they were so then we could tax them all the same. But they are not. All incomes are not equal.

value received should play as big or bigger role than ability to pay
 
Does anyone else notice that when talking about the TAX CUTS the left whines about "Massive tax cuts for the rich" but when they demand that the current tax rates increase to the Cliinton era levels for the rich they talk about "modest" or minor increases?
 
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