Advertisement
Something to consider. If you make under 200k a year, you will pay less money in taxes but get more services with Obama than with McCain. If you make over 600k, you will probably pay an extra 100k a year in taxes, and if you make around 3 million you will pay an extra 700k in taxes.....But most of us make under 200 k, many of us under 60k, so if you are a fiscal conservative and part of the working poor, you may want to rethink support for McCain who will charge you more taxes but give you less services.
You could argue that its basically voting money out of the hands of the rich and giving it to everybody else....Well, its absolutely true. The bottom line however is that the vast majority of us will be taxed more heavily under McCain than Obama and get less in return.
money.cnn.com/2008/06/11/...pc/index.htm
You could argue that its basically voting money out of the hands of the rich and giving it to everybody else....Well, its absolutely true. The bottom line however is that the vast majority of us will be taxed more heavily under McCain than Obama and get less in return.
money.cnn.com/2008/06/11/...pc/index.htm
Advertisement
Advertisement
-
Re: Taxes and Obama
Wed, June 11, 2008 - 9:55 PMI bet a lot of people thought this thread would be about Obama raising taxes instead of lowering them. -
-
Re: Taxes and Obama
Wed, June 11, 2008 - 10:48 PMDid you know that we have the second highest corporate tax rate in the world? -
-
Re: Taxes and Obama
Wed, June 11, 2008 - 11:58 PMPeople making 200k know that they will never get their moneys worth in services from the government
freedom loving adults don't wish to get services from the government
Sick little world you greenies want to live in....... -
-
Unsu...
Re: Taxes and Obama
Thu, June 12, 2008 - 7:59 AMOne word. Subsidies. I guess the large corporations aren't freedom-loving. No surprise there.
They accept hand-outs from the government.
-
-
Re: Taxes and Obama
Thu, June 12, 2008 - 8:28 AMWorm
be a little more specific
And don't tell us tax incentives are subsidies.
I'm generally against subsidies, but since you changed the subject please enlighten us.
Which corporations are getting handouts.........I know about all the big corporations getting agricultural handouts because Obama and his ilk signed the farm bill in such substantial numbers that it overrode the bush veto....
so Obama was complicit in this handout to big corporations -
-
Unsu...
Re: Taxes and Obama
Thu, June 12, 2008 - 10:39 AMThe only thing I can remember of the top of my head is
an article I read in a newspaper in California detailing
how some heiress was getting a coupla mil for having
a lot of land, largely agricultural. Is there anything else
you want, Glen? How may I serve you? Sorry, but I still
don't much like you. And you know why. So long as money
is your idol, I won't like you. -
-
Unsu...
Re: Taxes and Obama
Thu, June 12, 2008 - 10:43 AMOur national subsidies have caused other nations to not
be able to compete with our exports, therefore their domestic
ag. output has dwindled. Therefore they are starving.
We had a hand in it. Or let me say the BANKS had a hand in it.
Look at Haiti. Starving. Large blocks of Africa. Starving.
And what do we do? We ship them food, which is stolen by warlords,
who continue their atrocities. Why is this situation continued?
So that these third world nations can be indebted to us.
Sick. -
-
Unsu...
Re: Taxes and Obama
Thu, June 12, 2008 - 10:44 AMC'mon Down!!!
You're the next contestant on --- HELL ON EARTH!!!! -
-
This is the maximum depth. Additional responses will not be threaded.
Re: Taxes and Obama
Thu, June 12, 2008 - 10:48 AMWorm
all the things you listed will be made worse under an Obama administration.
Whether or not you like me is kind of irrelevant -
-
Unsu...
Re: Taxes and Obama
Thu, June 12, 2008 - 10:50 AMToo bad he's going to win, then.
First give up warfare, then improve.
Thank you for being so transparent.
-
Unsu...
Re: Taxes and Obama
Thu, June 12, 2008 - 11:02 AMI agree. You are irrelevant to me.
Then why do you want me to provide facts for you?
Why even argue with or countenance me at all, Glen?
Why was your post directly after mine?
What do you want from me Glen?
Whatever it is, you're not getting it.
I don't have to prove anything I say.
I will only do so if I feel like it.
I am not running for office.
I say what I have to say in order to cause a certain effect.
Get used to it.
-
-
-
Re: Taxes and Obama
Wed, August 6, 2008 - 1:02 PM**********Look at Haiti. Starving. Large blocks of Africa. Starving. **************
Some times the crap that people spout just makes me howl with laughter.
Their Agriculture is harmed by US exports? Really now~!!??
Well then why don't you stop and think about that agriculture crop all ready for export that is sadly wasting away on the docks when they don't know how to grow enough food to feed themselves?
A starving nation hasn't got any exports.
Same with the shit for nothing little corners of hell in Africa. These shit holes are the masters of their own misery.
But if you want to think that it's all the big bad USA's fault you go right ahead. Just don't expect that thinking people aren't going the be laughing at you derisively.
-
-
-
Re: Taxes and Obama
Sun, June 15, 2008 - 12:32 AM>Which corporations are getting handouts.
The entire Pentagon system is one big welfare dole. Even RUMSFELD was having trouble getting some of the most useless weapons systems cut.
Big Pharma is on the dole on the research end as well as on the purchasing end. The Bush prescription drug bill is probably the biggest pork debacle ever.
High tech gets tons of free research. They get a lot of goods purchased.
Road maintenance is heavily impacted by heavy trucks. Non-drivers pay taxes to subsidize roads that corporations damage heavily with their 10,000 lb transport vehicles.
Wall Street is currently getting a multi-trillion dollar bailout for its bankruptcy. Its costing us all when we go to the pump and grocery store.
Should I go on?
How bout this - you name a major industry NOT on the government dole.
-
-
-
Re: Taxes and Obama
Thu, June 12, 2008 - 8:34 AM
"Yep, the rest of the population be damned. I don't care of the rest of the nation sinks into poverty. I live in a gated community."
-troy
-
-
Re: Taxes and Obama
Wed, June 11, 2008 - 11:58 PMWould you rather pay higher taxes yourself so that the corporations can keep more of their profits? -
-
Re: Taxes and Obama
Thu, June 12, 2008 - 8:31 AM
We need tax reform across the board. Our outrageous corporate taxing is a big part of outsourcing. -
-
Re: Taxes and Obama
Thu, June 12, 2008 - 12:04 PM"We need tax reform across the board. Our outrageous corporate taxing is a big part of outsourcing. "
But is the answer to lower taxes for corporations? Obama said that he would raise taxes even further for corporations who outsource labor, and give tax credits for those who employ Americans. But I still dont accept that tax revenues is the cause of outsourcing. Outsourcing is cheaper not because of taxes but because of cheap labor and goods. Thats a false argument. -
-
Re: Taxes and Obama
Thu, June 12, 2008 - 12:58 PM"But is the answer to lower taxes for corporations? "
No, it's to cut spending
-
-
Re: Taxes and Obama
Thu, June 12, 2008 - 2:06 PMthank you Dustin
Cut spending
its simple
Cut -
-
Re: Taxes and Obama
Thu, June 12, 2008 - 2:11 PMWe should have a flat income tax on middle income families. . .cutting spending for defense and the areas where we waste so much money and its a whole new ballgame. .
-
Re: Taxes and Obama
Fri, June 13, 2008 - 8:45 AM>> Cut spending
its simple
Cut <<
Start with the military and we've got a deal. -
-
This is the maximum depth. Additional responses will not be threaded.
Re: Taxes and Obama
Fri, June 13, 2008 - 9:18 AM<<Start with the military and we've got a deal.>>
Exactly. -
-
Re: Taxes and Obama
Wed, August 6, 2008 - 3:27 PMi'll take that deal as well.
-
-
-
-
-
-
-
Re: Taxes and Obama
Thu, June 12, 2008 - 12:55 PMThe problem is, even though you might not want to admit it, that corporations fill a specific, and highly important, need. If you don't create an atmosphere where it is beneficial for these companies to operate, then they leave;, taking all those jobs and taxes with them. What I find interesting about this is that if the little guy is being taxed massive amounts, and the great big guy is being taxed massive amounts, then it isn't a question of generating income, but one of spending. Raising taxes on anything is just a way to ignore this
PS Yes, I agree with Glenzzz, farm subsidies are impractical from any angle you look at them. This is a great show on the subject
www.pbs.org/now/shows/31...on-trade.html -
-
Re: Taxes and Obama
Thu, June 12, 2008 - 2:38 PM
I agree. Corporations fill a specific need. However, what is more important, the overall happiness of our citizens, or the overall health of our corporations?
If the whole world stood up and said we demand responsible corporations that pay fair wages and are environmentally responsible, then they would have no other place to flee too.
Dustin, the alternative is that we just become 3rd world slaves to our corporate overlords. Is that what you want?
-troy -
-
Re: Taxes and Obama
Thu, June 12, 2008 - 2:42 PM"Dustin, the alternative is that we just become 3rd world slaves to our corporate overlords. Is that what you want? "
By not increasing their taxes? I think you are just building a scare crow, Troy
-
-
Re: Taxes and Obama
Sat, June 14, 2008 - 5:12 PMFarm subsidies may be practical if the money that went into those subsidies was turned into a investment solely to generate more arable land from wasteland and create projects that improved irrigation . . . projects that could then be refunded by selling the improved land to farmers, investors, or as barter to employees who put labor into reclaiming the land in exchange for a percentage of salary.
It's all a matter of better regulating how those tax dollars get spent . . . and the only way to really gauge that is by looking at the return for every tax dollar that gets spent.
Ideally, every tax dollar should generate $1.25, not the reverse. -
-
Re: Taxes and Obama
Sat, June 14, 2008 - 5:16 PM
the problem with farm subsidies is that neither party is in a position to do anything about them because they are beholden to certain constituencies. so sure, the return on the dollar is crap but it keeps parties in power and that is what it is all about. -
-
Re: Taxes and Obama
Sat, June 14, 2008 - 5:20 PMCliff
Rather coherent summation of Kelly and his motives.......
-
-
Re: Taxes and Obama
Wed, August 6, 2008 - 1:12 PM***************Cliff
Rather coherent summation of Kelly and his motives.*************
Huh?
-
-
Re: Taxes and Obama
Sat, June 14, 2008 - 5:50 PM<<<the problem with farm subsidies is that neither party is in a position to do anything about them because they are beholden to certain constituencies.>>>
If you're spending dollars that produce nothing, you're destroying dollars by not having any labor back it up. Those tax dollars spent to keep farms non-productive amount to theft. However much of the tax revenue going into them should be compiled and then distributed as a number we as americans can deduct from our taxes regardless of who's in power.
That's the only way to restore those dollars usefulness.
-
-
-
-
-
-
-
Unsu...
Re: Taxes and Obama
Thu, June 12, 2008 - 8:46 AM<<you may want to rethink support for McCain who will charge you more taxes but give you less services. >>
No one in the Congress or the Presidential office in the near future is going to give anyone any more "Service" of any kind for a long long time,
even if 1 extra dollar is collected...because...we are trillions of dollars in debt, and boomers are retiring, duh. This is a fantasy.
Why should the government give more "Service"? We all think were so entitled, I don't think we are.
What ever happened to: "Its not what your country can do for you, its what can you do for your country? (Something like that...JFK) -
-
Re: Taxes and Obama
Thu, June 12, 2008 - 7:28 PM<Why should the government give more "Service"? We all think were so entitled, I don't think we are.>
Uh, to stave of revolution? To share the wealth? To cause there not to be a ridiculously uneven distribution of wealth? To do the right thing?
Any of those strike a chord?
<If you are earning anywhere in this median income range between 150 and 350 K range you are already paying the vast majority of tax dollars collected.>
That's because there are so many poor or going poor people. There's a problem with distribution of wealth, and the ONLY way to solve that is to distribute the money carefully in a manner to allow MORE people to attain wealth.
Single eople that make around $350K pay 33% in taxes BEFORE deductions. And, since the wealthy have MORE deductions and better accountants, most will pay FAR LESS than that 33%. I don't know ANYONE that makes that much money who pays the top rate. So, this would be your AFTER deduction rate, meaning that you made quite a bit MORE than that $350K, but are taxed only on what you have to declare as income after deductions.
If you're married, you pay a bit more, but you get MORE deductions.
So.......I don't really feel so badly for people that MADE AS INCOME $350K or more. Sure, it sucks to write the check, but... We have 300million people in our country.
My guess is that the rich will soon start to get get primary citizenship outside of the country, and thus dodge some of their taxes.
<These people are paying an average of 75% of their income as a tax paid to a government entity in one way or another . >
How do you see this? With state/sales tax, too?
-
-
Re: Taxes and Obama
Thu, June 12, 2008 - 11:09 AMBecause of the huge deficits run up by Bush (recall that Bush inherited record surpluses from Clinton) it is unlikely that Obama will be able to lower anyone's taxes no matter how much or how little they make. -
-
Re: Taxes and Obama
Thu, June 12, 2008 - 12:05 PM"Because of the huge deficits run up by Bush (recall that Bush inherited record surpluses from Clinton) it is unlikely that Obama will be able to lower anyone's taxes no matter how much or how little they make."
Overall he will be collecting more taxes, but less taxes from you and me and more from the very wealthy CEO class and above. -
-
Re: Taxes and Obama
Thu, June 12, 2008 - 12:38 PM>> Overall he will be collecting more taxes, but less taxes from you and me and more from the very wealthy CEO class and above. <<
I realize that that is what he says - or at least the impression he wishes to give. I just doubt that whatever his intentions are, or whatever he says, that he will be able to lower taxes for anyone. That is, unless he were to make deep cuts in military spending. -
-
Re: Taxes and Obama
Thu, June 12, 2008 - 12:50 PMMost of the money is not in the hands of the majority poor, so there is no reason why he cant make good on his promise because he will overall be collecting more money than Bush is now, just not from you and me.
-
-
-
-
Re: Taxes and Obama
Thu, June 12, 2008 - 11:14 AMAnd 200 K is chicken shit pocket change these days.
If you are earning anywhere in this median income range between 150 and 350 K range you are already paying the vast majority of tax dollars collected. This median group is the most beaten down by over taxation. they are the ones who put in the most hours work the hardest and take home the least percentage of their income. These people are paying an average of 75% of their income as a tax paid to a government entity in one way or another .
75% -
-
Unsu...
Re: Taxes and Obama
Thu, June 12, 2008 - 11:35 AMAnd what use is that money being put to?
I see a lot of useless bureaucracy (which I've almost never used,
I'm a 'by-your-bootstraps' kind of guy) for fat asses sitting in desk jobs
pushing paper around to look busy and giving honest people attitude
when they are forced to have dealings with such offices. So, making large
amounts of nearly useless paper (or collecting it) it to be an estimable
enterprise? That's news to me. I just see it as being evil, coveting, hoarding...
and guess what?! Then they complain about how much they get to keep!
The audacity! I don't give a shit what anyone has, the fact that people
want so much junk, want to be weighed down by so much useless trash,
is there own fucking problem. Unless it gets to the point where it is
destroying the basic infrastructure of this world, then it is 'OUR' problem. -
-
Unsu...
Re: Taxes and Obama
Thu, June 12, 2008 - 11:57 AMSo, in a sense, bureaucracy=nepotism, in my mind.
Those who like to push paper, push paper.
Those who like real work (like me), contribute to
the real economy. Those who are overly-litigious,
want a bunch of paper (paper!), want to benefit
by aggrandizing the negative, hurtful economy,
sign up for being a prison guard. Apparently,
as some would like it, that's the wave of the future,
the basis for the middle class... watching the incarcerated.
Now, I think Sentience's findings are highly likely correct.
He is saying that Obama wants us to have a decent living.
Now, the Repubs keep saying that they want to give us back
our money. Yet they are wasting billions on a war because they
are too lazty to face the quantum leap involved in getting past
our energy problems. So all these struggles have led to huge
divisiveness in this country. And if greed could be given up,
maybe we would have a chance at some technological advances.
I guess we'll have to wait and see. -
-
Re: Taxes and Obama
Thu, June 12, 2008 - 12:13 PM
The rich are not suffering in America. As long as people can buy themselves $50,000 automobiles, they can afford to chip in to help balance the budget of the nation that blessed them with a system that allowed them to be prosperous.
Progressive taxation is fair. The rich can still afford their luxury, and the super-rich can still afford their private jets.
-troy
-
Re: Taxes and Obama
Wed, August 6, 2008 - 12:51 PM**************Now, the Repubs keep saying that they want to give us back
our money. Yet they are wasting billions on a war because they
are too lazty to face the quantum leap involved in getting past
our energy problems. ***************
Your gross misconceptions about how the US went into Iraq aside you seem to forget entirely who it was (exactly) that un-lawfully delegated their war-making power to the President - who was beating the war drum like a two year old with mommy's cheapest pans .
-
-
-
Re: Taxes and Obama
Thu, June 12, 2008 - 12:09 PM"And 200 K is chicken shit pocket change these days. "
200k savings is normal for many people, but 200k a year means you are wealthy. However, Obama isnt raising taxes on the people making 200k....hes lowering them up to about 227k, just not as much as McCain once you get to that bracket and above. Its the people who make 600k per year and above who will start to notice the pinch. Most of us here will end up paying less, and personally Im more concerned about me than I am about the poor corporations. -
-
Re: Taxes and Obama
Fri, June 13, 2008 - 8:29 AM********************but 200k a year means you are wealthy.**************
Not at all. $600-K+ is closer to wealthy but is really just middle class.
Clearly you have no idea of the stratification of social orders above yours.
-
-
Re: Taxes and Obama
Thu, June 12, 2008 - 3:04 PM<This median group is the most beaten down by over taxation. they are the ones who put in the most hours work the hardest and take home the least percentage of their income. These people are paying an average of 75% of their income as a tax paid to a government entity in one way or another .
75% >
Cliffie, you are a full of shit liar - as always. You are pulling that 75% figure out of your ass and you know it. That's why I keep pointing out how you''d have been perfect working for Herr Goebbles - you have no moral qualm about spouting off any kind of lie as long it promotes your fucked up view off the world.
here's another challenge for you clifftard - back up this "75%" figure of yours.
Oh, and as for your crap about people who earn over $150,000 do so because they work the longest and the hardest - on behalf of every high school teacher, construction worker, and farm worker - EAT SHIT you pondscum wannabe plutocrat.
-
-
Re: Taxes and Obama
Thu, June 12, 2008 - 3:09 PMKelly,
If you think Cliff is wrong then post some data. Its readily available.
You are the most insecure little bully I've seen on the internet in all my days.
Everytime you post you are using profanity, calling someone names etc.
I've seen bullies like you all my life........and I doubt that if the anonymity of the internet were removed.......you would be so bold.
-
-
Re: Taxes and Obama
Thu, June 12, 2008 - 3:19 PMI just find it ironic that he continually complains about offensive remarks
-
Re: Taxes and Obama
Thu, June 12, 2008 - 7:03 PMGlennyboy, eat shit (now that we're post Gregg, clearly the gloves are off). Cliffie is a fucking liar - he deserves zero respect and courtesy. None. If he stops his propaganda and makes and effort to make his arguments without resorting to outright falsehoods all the time, I'll start being polite again, m'kay?
Cliffy made the assertion that people earning $150,000 pay more than 75% of their income in some form of taxes - it's up to him to defend his lies.
Or you can try, brownnoser, if you think he's got any kind of a point.
Here, I'll help get you started. The income tax rate for people in the range the Clifftard was talking about is 33%. Medicare tax is 1.45%. Social Security is 6.2% but only for the first $102,000 so that person earning the 200K Clifftard laughingly refers to as chicken feed is really ony payng a bit more than 3%. Income tax for, say, Califronia is 9.3% (interstingly, it's the same for any income over 40K, so the aforementioned high school teacher will be paying the same as a mulitmillionaire). So we're looking at roughly 45% BEFORE deductions, and anyone with a teeny bit of brain will know there will be serious deductions. So you or Cliffie or any other assscuking sycophant please feel free to explain where the rest of that 75% the rich are suffering so heavily under comes from.
Oh, and you're "bully" comment - grow a pair, loser. The only reason you get rhetorically smacked around is because you can't actually debate your way out of a paper bag. You're just as capable of throwing insults as me - Buddha knows you've done it plenty of times. What you can't do is make an argument that'll convince anyone in the reality-based community. -
-
Re: Taxes and Obama
Thu, June 12, 2008 - 7:11 PMSerious, Kelly, if you can't offer anything to the thread just leave -
-
Re: Taxes and Obama
Thu, June 12, 2008 - 7:13 PMhhhh. . .A line has been drawn in the sand!
-
Re: Taxes and Obama
Thu, June 12, 2008 - 7:31 PMDustin, my "offering" is an extremely annoyed challenge for Cliffie to back up his lies. I provided the data that expalined why taxes (before deductions, that's rather important) aren't nearly as high as Cliffie pretends. sorry if my tone doesn't appeal. Since Gerbil saw fit to let Gregg spout away with his attacks, I don't see any particular reason to hold my irritation in.
Here's a serious question for you though - it seems that you find an angry reaction to a blatant bit of lying propaganda more offensive than the lie itself. Why is that? Why is angry language a worse offense to you than someone trying to decieve you? -
-
Re: Taxes and Obama
Thu, June 12, 2008 - 8:10 PM"Dustin, my "offering" is an extremely annoyed challenge for Cliffie to back up his lies. "
Great, is it possible that you can do so without starting a flame ware, and basically killing the discussion?
"I provided the data that expalined why taxes (before deductions, that's rather important) aren't nearly as high as Cliffie pretends."
And you did so in a very trollish manner
"sorry if my tone doesn't appeal."
I could careless about the feelings of Glenzz, or Cliff. I am not their protector. My concern here is preventing a thread from turning into an empty flame ware. If you take offense or can't understand that, I really don't know what to say. All I am *asking*, if you feel the need to insult someone, take it to a different thread. Please, it's an important topic that effects everyone here, and deserves more respect then that.
"Since Gerbil saw fit to let Gregg spout away with his attacks, I don't see any particular reason to hold my irritation in. "
So you are basing the value of your actions on Gregg? That doesn't even make sense.
PS No one is telling you not to do anything, I am asking you respectively not to. And no, if you refuse I will not run to Gerbul
"Here's a serious question for you though - it seems that you find an angry reaction to a blatant bit of lying propaganda more offensive than the lie itself."
No, as I said, I would just like to keep the discussion on a serious and content driven note. Insult him all you want, just do it somewhere else.
"Why is angry language a worse offense to you than someone trying to decieve you? "
This isn't even a part of the issue
-
Re: Taxes and Obama
Thu, June 12, 2008 - 8:15 PM"Dustin, my "offering" is an extremely annoyed challenge for Cliffie to back up his lies. "
Great, is it possible that you can do so without starting a flame ware, and basically killing the discussion?
"I provided the data that expalined why taxes (before deductions, that's rather important) aren't nearly as high as Cliffie pretends."
And you did so in a very trollish manner
"sorry if my tone doesn't appeal."
I could careless about the feelings of Glenzz, or Cliff. I am not their protector. My concern here is preventing a thread from turning into an empty flame ware. If you take offense or can't understand that, I really don't know what to say. All I am *asking*, if you feel the need to insult someone, take it to a different thread. Please, it's an important topic that effects everyone here, and deserves more respect then that.
"Since Gerbil saw fit to let Gregg spout away with his attacks, I don't see any particular reason to hold my irritation in. "
So you are basing the value of your actions on Gregg? That doesn't even make sense.
PS No one is telling you not to do anything, I am asking you respectively not to. And no, if you refuse I will not run to Gerbul
"Here's a serious question for you though - it seems that you find an angry reaction to a blatant bit of lying propaganda more offensive than the lie itself."
No, as I said, I would just like to keep the discussion on a serious and content driven note. Insult him all you want, just do it somewhere else.
"Why is angry language a worse offense to you than someone trying to decieve you? "
This isn't even a part of the issue
-
Re: Taxes and Obama
Thu, June 12, 2008 - 8:18 PM"Dustin, my "offering" is an extremely annoyed challenge for Cliffie to back up his lies. "
Great, is it possible that you can do so without starting a flame ware, and basically killing the discussion?
"I provided the data that expalined why taxes (before deductions, that's rather important) aren't nearly as high as Cliffie pretends."
And you did so in a very trollish manner
"sorry if my tone doesn't appeal."
I could careless about the feelings of Glenzz, or Cliff. I am not their protector. My concern here is preventing a thread from turning into an empty flame ware. If you take offense or can't understand that, I really don't know what to say. All I am *asking*, if you feel the need to insult someone, take it to a different thread. Please, it's an important topic that effects everyone here, and deserves more respect then that.
"Since Gerbil saw fit to let Gregg spout away with his attacks, I don't see any particular reason to hold my irritation in. "
So you are basing the value of your actions on Gregg? That doesn't even make sense.
PS No one is telling you not to do anything, I am asking you respectively not to. And no, if you refuse I will not run to Gerbul
"Here's a serious question for you though - it seems that you find an angry reaction to a blatant bit of lying propaganda more offensive than the lie itself."
No, as I said, I would just like to keep the discussion on a serious and content driven note. Insult him all you want, just do it somewhere else.
"Why is angry language a worse offense to you than someone trying to decieve you? "
This isn't even a part of the issue -
-
Re: Taxes and Obama
Fri, June 13, 2008 - 12:52 PM
-
-
Re: Taxes and Obama
Sat, June 14, 2008 - 1:55 PM****************Dustin, my "offering" is an extremely annoyed challenge for Cliffie to back up his lies************
No, you tedious little boy, it's just you showing off your lack of education and absence of imagination for anything other than vulgarity and hostility.
You can arrive at the full measure of the taxes you pay by doing something that I am somewhat certain is well and truly beyond your abilities.
Use a pen pencil and paper and add up every thing you pay to any government entity as part of taking part in the economy.
That my child, would include taxes you pay at the quikie mart where you foolishly pay too much of your poor family's resources to selfishly purchase yourself some worthless treat denying your children an opportunity to attend college.
It would include the fees, gas taxes, and tolls you pay to drive a car to those concerts and parties and BM events where you squander your family's precious few resources selfishly pursuing decadence and selfish pleasures while your children go around wearing other people's cloths.
It would include the taxes on the places where you live - even while you think that t renters f don't pay taxes you do because you landlord charges you enough to pay the taxes.
Don't forget city, state, and federal taxes. The fees paid for licenses are taxes. The fees to register a car is a tax the fees paid to any government entity are taxes. Just about everything that involves a transaction also involves some form of tax.
You gotta ad 'em all up.
It would include every single penny you pay to any government entity.
And then Kelley you gotta use long division. A challenge for you but you can spend some more of your family's income on a calculator and maybe then you can do the math. Maybe.
But, you are not able to account for this because in your mind everything is all about what infantile selfish pleasures you want to seek in whatever instant you find yourself.
You Kelly, you tedious little man, you remind me of that John Prine Song "Sam Stone"
There's a hole in daddy's arm
Where all the money goes
[..]
And the gold rolled through his vains
Like a thousand railroad trains
And eased his mind in the hours that he chose
While his kids ran around wearing other
People's clothes
That's you Kelly, you are nobody, and nothing. You are incompetent to provide for your own family so instead you want other people to carry your water and pay your way. You will never own anything worth having. Your family will never own their own home. And it is all because you can't find the man hood to discipline yourself to stand on your own two feet and be a man and earn your own way in the world.
You are not much of a person.
-
-
Re: Taxes and Obama
Mon, June 16, 2008 - 6:35 PMCliffie, thanks once again for proving what a moronic hypocrite you are.
All those things you talk about - tolls, sales tax, etc, take a far bigger percentage out of the income of lower and middle wage earners than people earning more than 150k a year, whose poor oppression you were whining about - that's why they're known as regressive taxes. No way those small fees add up to make the differnce from the 40-45% upper income earners pay in income and payroll taxes to come up with the 75% you claim - especially when you factor in the deductions you so blatently choose to refrain from mentioning. Someone in the top 1% income bracket - the people who Cliffie thinks are so oppressed with taxes - can easily afford to put sizable chunks of their income into tax-free retirement accounts and the like, while someone just getting by on 40K is going to be lucky if the can put even a hundred or two away for retirement each month. That's just one example.
No cliffie, you're just a lying propagandist, pure and simple. Your soul brothers in amorality glennyboy and yogi may try to defend you, but they can't do it with actaul data because there isn't any to back up your lies.
By the way, it's pretty funny all the bullshit you make up to attack me personally - I know you do it because you haven't got anything real to defend yourself. Whereas yoiur own posts give all that's needed to reveal as the ethically bankrupt, full-of shit little goosestepper you are.
-
-
This is the maximum depth. Additional responses will not be threaded.
Re: Taxes and Obama
Tue, June 17, 2008 - 4:11 AM"Someone in the top 1% income bracket - the people who Cliffie thinks are so oppressed with taxes - can easily afford to put sizable chunks of their income into tax-free retirement accounts and the like, while someone just getting by on 40K is going to be lucky if the can put even a hundred or two away for retirement each month. That's just one example. "
I think the top 1% of earners are making way more then 600k. Hell, their bonuses are probably more then that
-
This is the maximum depth. Additional responses will not be threaded.
Re: Taxes and Obama
Tue, June 17, 2008 - 4:56 AM"No cliffie, you're just a lying propagandist, pure and simple. Your soul brothers in amorality glennyboy and yogi may try to defend you, but they can't do it with actaul data because there isn't any to back up your lies. "
Interesting that Yoni didn't even weigh in on the subject
-
-
-
Re: Taxes and Obama
Sat, June 14, 2008 - 5:15 PM>> I don't see any particular reason to hold my irritation in. <<
perhaps you could try for the sake of those around you. because your depends undergarments do nothing about the smell.
-
-
-
-
-
Re: Taxes and Obama
Thu, June 12, 2008 - 3:18 PMKelly, seriously, this is one of the few threads on this tribe that hasn't been bogged down by needless personal attacks, and would like to see it stay that way. If you find it impossible to control yourself, the please, post somewhere else -
-
Re: Taxes and Obama
Thu, June 12, 2008 - 6:09 PMPeople lie, it pisses me off. Sorry if that disturbs your sensibilities. -
-
Re: Taxes and Obama
Thu, June 12, 2008 - 6:14 PMIt doesn't disturb my sensibilities, at all, but I do expect you to act like a big boy, and refute his claims with available information. This is an important topic, and one that doesn't deserve to be buried in thrash. Now act like an adult and post something worth reading -
-
Re: Taxes and Obama
Thu, June 12, 2008 - 7:04 PM< I do expect you to act like a big boy, and refute his claims with available information. >
See above. Second to last paragraph, between the enormously annoyed response to Glenny's whining.
-
-
-
-
Re: Taxes and Obama
Thu, June 12, 2008 - 7:46 PM<That's why I keep pointing out how you''d have been perfect working for Herr Goebbles - ...EAT SHIT you pondscum wannabe plutocrat.>
More well thought-out arguments by Kelly.
<People lie, it pisses me off. Sorry if that disturbs your sensibilities.>
So, this is how you deal with people that you disagree with, 'eh? Come on, show some backbone. Let someone actually INSULT you before you start insulting them. At least then you have an excuse. Well, that's my excuse at least.
<Glennyboy, eat shit>
More well-considered debate, 'eh?
<Cliffy made the assertion that people earning $150,000 pay more than 75% of their income in some form of taxes - it's up to him to defend his lies.>
OK. Someone that is married and filing jointly post-deduction making $150K will pay 28%, which is around $31K. So, that leaves ~$120 left. We can assume that probably 90% of that will be spent, and there will be at least ~20% more paid in state/local taxes, which is then is at least another ~$24K. So, that means that of the original $150, they are paying in taxes a total of let's just average up to $55K in taxes, which is around 35%.
So, I'm not sure how Cliff got to the 75% number. But, then again, I'm just guesstimating.
www.moneychimp.com/features...ckets.htm -
-
Re: Taxes and Obama
Fri, June 13, 2008 - 12:51 PM<So, I'm not sure how Cliff got to the 75% number. >
HE LIED. Duh. Why do you doubt that - he's done it many times before on many topics. Why anybody wouls believe anything he posts after his history of deleiberate distortion, deception, and propaganda is beyond me. That's why he hasn't tried to defend his statement - it's impossible.
That said, you and Dusty were totally right that I overreacted. I let Cliffie bring out the worst in me, it's true and I should not give in to those impulses. Don't know if it's one of those classic "Hmm, maybe you should cut down on the cxaffeine moments or what", but it's something I need to police myself about.
He's stil a far right propagandinst with no ethics whatsoever though. I say that as a calm fact, not an insult.
-
-
-
-
Re: Taxes and Obama
Thu, June 12, 2008 - 2:48 PMthis is what they say every time, and pp making 50-150 are allways the ones that get F###ed
they cant afored a fancy CPA
-
Re: Taxes and Obama
Thu, June 12, 2008 - 6:30 PMHow will this affect McCain's personal fortune? I believe he's the wealthiest senator in congress.
$200K may not be rich but it's more than the majority of the country earns.
thinkprogress.org/2008/06/1...-not-rich/ -
-
Re: Taxes and Obama
Thu, June 12, 2008 - 6:35 PMAnother source cites McCain at #9
www.politifact.com/truth-o-...ents/490/
-
Re: Taxes and Obama
Thu, June 12, 2008 - 6:38 PMI am more interested in how it's going to effect me -
-
Re: Taxes and Obama
Fri, June 13, 2008 - 9:55 PMPersonally, I think we should drastically raise taxes for imports from other countries, including US companies that outsource labor, and give local companies that employ Americans a domestic advantage in our markets over those that import cheap foreign goods and outsource labor.
Regardless of your opinions on spending and whats fair for the corporations, if you make under 200k a year, you will personally pay more taxes if you elect McCain than if you elect Obama. You might not agree with taxing the very wealthy more heavily, but the alternative is paying more money yourself.
-
-
Re: Taxes and Obama
Fri, June 13, 2008 - 10:02 PM"Personally, I think we should drastically raise taxes for imports from other countries, including US companies that outsource labor, and give local companies that employ Americans a domestic advantage in our markets over those that import cheap foreign goods and outsource labor. "
Protectionism is always a bad idea, due to it discouraging competition and innovation. India tried this in the 80's and are still struggling to deal the consequences
"Regardless of your opinions on spending and whats fair for the corporations, if you make under 200k a year, you will personally pay more taxes if you elect McCain than if you elect Obama. You might not agree with taxing the very wealthy more heavily, but the alternative is paying more money yourself."
My intention was to point out that ultimately its a moot point, because it is only going to be shot out of the barrel of a gun -
-
Re: Taxes and Obama
Sat, June 14, 2008 - 1:13 AM"Protectionism is always a bad idea, due to it discouraging competition and innovation. India tried this in the 80's and are still struggling to deal the consequences "
I think there are examples in history where protectionism has worked out for a country, and examples of where it has not. In India, they were already a poor country that lacked large scale industrial infrastructure. In the US, we used to be an industrial manufacturing power, but those jobs have been outsourced and we are becoming more dependent on foreign imports. Eventually the price of oil may drive manufacturing back home, but we wont have the infrastructure in place that somewhere like China does, though we do have the technology.
-
-
Re: Taxes and Obama
Sat, June 14, 2008 - 1:38 AM"I think there are examples in history where protectionism has worked out for a country, and examples of where it has not. In India, they were already a poor country that lacked large scale industrial infrastructure. In the US, we used to be an industrial manufacturing power, but those jobs have been outsourced and we are becoming more dependent on foreign imports."
In principle I agree, if just for industries like steal and food production. But how to do this, and what to protect can be difficult questions to answer. Basically that is what farm subsidies were designed to do; which sounded great in theory, but turned out to be horrible in practice -
-
Re: Taxes and Obama
Sat, June 14, 2008 - 12:10 PMI dont like the idea of spending money to fund farmers to make them more competitive. Instead, we could give tax breaks for domestic companies, and raise import taxes. That way we are collecting money nationally for imports, instead of spending money to keep industries profitable.
-
-
Re: Taxes and Obama
Sat, June 14, 2008 - 5:23 PM>> I think there are examples in history where protectionism has worked out for a country, and examples of where it has not. <<
protectionism works for a particular group at the expense of another. this isn't a black or white issue. but protection from competition allows domestic industries and infrastructure to stagnate. and eventually, the world economy will leave the US in the dust as China and India ascend to their rightful place. we can take the easy solution right now and withdraw from the global economy and there will be retaliatory tariffs barring us from markets while our competition builds a foothold. and eventually we'll find ourselves a second rate economic power. no easy answers. pain now or irrelevance later. -
-
Re: Taxes and Obama
Sun, June 15, 2008 - 12:02 AM"protectionism works for a particular group at the expense of another."
Yes, it works for those who help promote the economy of American workers at the expense of those who export labor.
"protection from competition allows domestic industries and infrastructure to stagnate"
I can agree that some forms of competition can increase production, but in our current situation I would argue that competition is what is causing US production to stagnate. Its not as profitable to hire American labor, so the underclass who would fill manual labor positions are without work or forced to work for wages that cannot support a family. Its also contributing to the trade deficit.
"eventually, the world economy will leave the US in the dust as China and India ascend to their rightful place."
Its happening already. Their economies are growing and ours are shrinking. Do you have a solution?
"there will be retaliatory tariffs barring us from markets while our competition builds a foothold."
That is certainly something to consider. However, there is still a strong demand for American products, and even if tariffs rise against us there will still be a market. The tariffs dont have to be drastic,, just enough to promote domestic labor.
"and eventually we'll find ourselves a second rate economic power"
Its already happening with a Neocon in the oval office, and we dont even have much in the way of protectionism.
What other incentives can we offer to promote domestic labor? -
-
Re: Taxes and Obama
Sun, June 15, 2008 - 12:20 AM"I can agree that some forms of competition can increase production, but in our current situation I would argue that competition is what is causing US production to stagnate. Its not as profitable to hire American labor, so the underclass who would fill manual labor positions are without work or forced to work for wages that cannot support a family. Its also contributing to the trade deficit."
What incentive do most corporations have for staying in America? They have high tax rates, they need to provide basic benefits like health care, an ever increasing unskilled work force, and a failing infrastructure
-
Re: Taxes and Obama
Sun, June 15, 2008 - 12:25 AM>> Yes, it works for those who help promote the economy of American workers at the expense of those who export labor. <<
and it works for very poorest in the nations in the third world. shutting the doors on competition accomplishes two things: 1) it keeps them poor and 2) dependent upon the developed world for subsistence.
>> but in our current situation I would argue that competition is what is causing US production to stagnate. <<
at first. but states that have courted foreign investment have benefited just as Australia has benefited from Chinese investment in mining, etc. losses create opportunity.
>> Its happening already. Their economies are growing and ours are shrinking. Do you have a solution? <<
and that's the unfortunate part of having the developed world equilibrate with the third world. either they stay poor while we shut them out of our markets or we accept the inevitable and endure the results of having our extravagant living standards equilibrate with the competition.
>> The tariffs dont have to be drastic,, just enough to promote domestic labor. <<
you're right. the tariffs don't have to be drastic to drastically increase the prices we pay for the goods we take for granted. you know the power to drastically change the balance is right in the hands of the consumer. they could make the decision to not shop at Target and avoid Chinese goods but families instead make conscious decisions to pay less. and your solution is to impose external controls which seems to me to be problematic.
>> Its already happening with a Neocon in the oval office, and we dont even have much in the way of protectionism. <<
yes. it's called mismanagement. a perfect example of what you get when you have weak leadership beholden to a particular ideology. -
-
This is the maximum depth. Additional responses will not be threaded.
Re: Taxes and Obama
Sun, June 15, 2008 - 12:32 AM"and it works for very poorest in the nations in the third world. shutting the doors on competition accomplishes two things: 1) it keeps them poor and 2) dependent upon the developed world for subsistence. "
I have seen examples where open door capitalism has left third world countries poorer rather than richer. China has a growing economy, but they accomplish this through slave labor and exploitation worse than you find in most other capitalist countries.
"states that have courted foreign investment have benefited"
Sometimes countries are left worse off because of foreign investment. It really depends. Not every country that has allowed foreign investment is better off today than they were 20 or 50 years ago.
"you're right. the tariffs don't have to be drastic to drastically increase the prices we pay for the goods we take for granted"
You mean like Walmart? Cheap plastic crap from China sold cheaper than you can get them from independent stores? No thanks. I think Ill pass on Walmart prices if it means an overall increase in the quality of life for the majority of Americans via increased wages and more jobs.
-
-
Re: Taxes and Obama
Sun, June 15, 2008 - 12:34 AMsocialism for the rich is what we have. . .
-
Re: Taxes and Obama
Sun, June 15, 2008 - 12:42 AM"I have seen examples where open door capitalism has left third world countries poorer rather than richer. China has a growing economy, but they accomplish this through slave labor and exploitation worse than you find in most other capitalist countries."
But it also has lead to an increasingly large middle class, which is paving the way to finally bringing democracy to the country
"You mean like Walmart? Cheap plastic crap from China sold cheaper than you can get them from independent stores? No thanks. I think Ill pass on Walmart prices if it means an overall increase in the quality of life for the majority of Americans via increased wages and more jobs. "
How many other people are willing to make the same decision, though? Also, it is interesting to note, that Walmart is responsible to forcing down the cost of generic prescriptions in America. When they adopted their 4/month prescription plan, they forced all the big retailers to follow suit -
-
Re: Taxes and Obama
Sun, June 15, 2008 - 8:16 AMI think the Walmarts of the world overall do more to hurt local economies than help. Cheap drugs are a slightly redeeming quality, but they lower wages more than they lower prices.
-
-
-
-
Re: Taxes and Obama
Sun, June 15, 2008 - 2:40 AM<Its happening already. Their economies are growing and ours are shrinking. Do you have a solution?>
Sadly, the only answer is to do all that we can to encourage businesses to stay in America and hire legal, American workers. The shitty part is that this means lowering taxes on American companies. This has been the ONLY way that we've been able to show a growth outside of the rare events such as the internet revolution and such.
We could lead the world in renewables if we cared. It'd take governmental support though - which means more tax breaks and funding for their experiments.
<What other incentives can we offer to promote domestic labor?>
A) Enforcement of illegal workers.
B) Lower employment taxes... -
-
This is the maximum depth. Additional responses will not be threaded.
Re: Taxes and Obama
Sun, June 15, 2008 - 8:17 AMIs there any reason why we couldnt produce most of our own goods? -
-
Re: Taxes and Obama
Sun, June 15, 2008 - 6:54 PM<Is there any reason why we couldnt produce most of our own goods?>
Are you serious?
Do you know how much it costs MORE to produce a loaf of bread HERE compared to China?
Everything is cheaper to produce in China. They have no labor and employment standards, they have no environmental standards, they have no this and none of that.
The items that make the goods cost less, the employees that make the goods cost less, the energy that make the goods that the employees make costs less so making the items costs less.
Where's the confusion there?
<<>The shitty part is that this means lowering taxes on American companies. This has been the ONLY way that we've been able to show a growth>>
<buzzt. wrong. tariffs on goods from nations with slave labor works.>
Bzzt! Wrong. Tariffs no longer work because there's a global economy, genius. No longer a) are tariffs legal in many situations, what with our trade agreements, and b) we need other countries goods MORE than they need ours at this point. China is making all sorts of shit, and any tariffs will just cause them to move faster to make the few things that they need from us.
So. Bzzt! Wrong.
<government owned enterprises is also an option.>
That's an option, but it's an impossible one. That'll never happen. No politician will ever suggest such a thing. We're a capitalistic society, remember? That's not saying that I'm against it, but I just recognize that it'll never happen within the society that we have today.
What you should be talking about is co-op enterprises, where there are no stock-holders besides the employees and the families of the employees. THAT would work. Not that they'd sell their goods for any serious measure less than any other company (there's certainly no incentive to do that), but at least that company's employees would be owners and profit-takers.
Want an immediate fix? Lower taxes. Sad but true.
But, one has to have some understanding of business and not be led by one's bias to recognize such a reality, even if that reality is an ugly one.
<When have government run entities ever been competitive?>
Or efficient or successful?
<"If it doesnt help US workers or raise the pay or quality of life for the working class, then I dont give a shit about whether it helps the corporations make even more money overseas.">
Sent - you know what helps the lower class the most? Having jobs......................
<Reagan talked about trickle down economics, and stated that if you let the corporations and very very wealthy keep more of their money, they will spend it and hire more help which in turn helps the poor. It didnt work. It was faulty logic. When the rich make more money, they hoard it or invest it.>
True, that's why I'm talking about tax breaks for companies, not the rich. I don't believe in Reagan's version of Trickle Down Economics, but I DO recognize that tax breaks to companies in a manner forced to help them hire more workers or forestall their leaving the country is one of the only short-term fixes that I have ever recognized.
<They dont fire help because of taxes, >
That just shows you what you don't know. You're wrong. You are 100% wrong. I can't tell you in any other words how wrong you are.
<So long as there is a demand, the help will absolutely be required.>
Depends on lots of things - demand is just one issue.
<The additional 10% to 15% tax in the US is not whats driving production overseas,>
Wrong again. I GUARANTEE you that an extra 10 - 15% in taxes has and will in the future drive businesses overseas. For a company with $100million in net income, you're talking about losing ANOTHER $15mil on top of all other taxes. You're wrong. Sorry - you're wrong. My uncle was CEO of a big ol' company, and he in the 80's had to make the tough decision to move overseas, and because it was a public company - he had to. The savings were so huge that it was ridiculous not to. He was not the only one.
<because even if you lowered taxes to 0% its still cheaper to hire somebody for $2 to $10 a day in the Asian or African continent than to pay $15 and hour on domestic labor.>
Yes, so why add the ADDED complication of higher taxes? What is a stock-holder that wants to stay in the country supposed to argue if not only could labor costs be so much lower, but taxes would also be lower - resulting in a HUGE increase in profits? Fuck. Give them SOMETHING to hold on to as an argument to staying in the country!
<Taxes are a minor consideration in comparison.>
Wrong wrong and wrong. You need some fundamental lessons in corporate economics.
<That is why I agree with taxing corporations who outsource labor more heavily, and giving tax breaks to those who pay extra to hire American labor.>
You said it wrong. You tax companies that hire American workers LESS - there's a difference. You don't charge them as much in employment tax, and give a special tax break for all workers hired. THAT would mean something. There's no easy way to tax companies MORE that outsource.
<<>The issue is creating an atmosphere that is conductive to business.>
<I disagree profoundly. >
Not surprising. When you look upon an issue from only one side, you'll only have one side of the issue from which to make decisions.
<Corporations, if they are given a license to operate, should contribute more to the public good than they take away, or they should get the corporate death penalty.>
HA!
<Look at Japan, they are the one country with a higher corporate tax rate then the US. But they stay because they do not need to cover health care costs and have an endless pool of well educated workers>
There are also massive internal pressures. Can you imagine the Japanese country that outsourced majorly to China, replacing well-paid Japanese workers with Chinese? There's a lot of social pressure to employ Japanese workers. It'll happen though when the purchase engine that is the US is no longer able to continue buying as many Japanese products.
<Gee Dustin, the answer seems embedded in your question. If you have nationalized health care and a good education system, your economy will do better!>
Fuck. You never think, cD. It's amazing.
We're a country of 300 million, compared to their 125 million. They've had their healthcare system in place for......well, forever as far as I know. We'd have to get it ramped up in ONE DAY? Come on. While I am for it, to suggest that we can just do it and then all will be well immediately? Come on. The costs of doing that are STAGGERING. Do you not even know how much it'd cost to do such a thing for the first 10 years? 20 years?
<You can create jobs through protectionism, for instance. The Japanese have their rice industry heavily protected from cheap (government-subsidized) American imported rice.>
Yes. Too bad that we need them more than they need us at this point, 'eh? There's nothing that we can do about it.
<You really are obedient to the system aren't you? Try to break out of the intellectual blinders you apparently have on.>
Read that sentence out loud to yourself, cD. Your bias is striking.
-
Re: Taxes and Obama
Sun, June 15, 2008 - 7:01 PM"Is there any reason why we couldnt produce most of our own goods?"
You cut off your access to out side innovations and goods, and restrict the need for internal modernization
-
-
This is the maximum depth. Additional responses will not be threaded.
Re: Taxes and Obama
Sun, June 15, 2008 - 9:52 AM>The shitty part is that this means lowering taxes on American companies. This has been the ONLY way that we've been able to show a growth
buzzt. wrong. tariffs on goods from nations with slave labor works. government owned enterprises is also an option. lowering taxes is hardly the only option. -
-
Re: Taxes and Obama
Sun, June 15, 2008 - 9:56 AMObama is starting to get bogged down with this issue. He should just point to the growth of the 90's when the right starts screaming about growth. It's not like the evidence is lacking.
-
Re: Taxes and Obama
Sun, June 15, 2008 - 9:58 AM"government owned enterprises is also an option. "
When have government run entities ever been competitive? -
-
Re: Taxes and Obama
Sun, June 15, 2008 - 12:14 PMMaking sure US corporations stay competitive overseas isnt a big priority for me. Im more interested in helping small business in the US be competitive domestically. Im less interested in our total economic growth and more interested in the well being of the lower class workers.
If it doesnt help US workers or raise the pay or quality of life for the working class, then I dont give a shit about whether it helps the corporations make even more money overseas. -
-
Re: Taxes and Obama
Sun, June 15, 2008 - 4:09 PM"Making sure US corporations stay competitive overseas isnt a big priority for me. Im more interested in helping small business in the US be competitive domestically. Im less interested in our total economic growth and more interested in the well being of the lower class workers."
Who do you think employs these lower class workers?
"If it doesnt help US workers or raise the pay or quality of life for the working class, then I dont give a shit about whether it helps the corporations make even more money overseas."
See above
-
-
Re: Taxes and Obama
Sun, June 15, 2008 - 12:17 PM<<<Obama is starting to get bogged down with this issue. He should just point to the growth of the 90's when the right starts screaming about growth. It's not like the evidence is lacking.>>>
He needs to get bogged down with the issue. He needs to get bogged down with where those tax dollars are going. It's complicated enough to warrant days or weeks of thought on the issue rather than wish it all away with a sound bite.
Also, growth in the 90's was helped along by the fall of the soviet union. The lack of need for defense spending threw that money back into the domestic economy and spurred growth . . . the same thing that would happen if we pulled out of the middle east and concentrated on domestic fuel efficiency, improved freight and public transit.
Taxes going into transportation would amount to defense spending because it would lower our dependence on other nations and vice versa, lead to balance and self-sufficiency all around. -
-
Re: Taxes and Obama
Sun, June 15, 2008 - 4:11 PM"Also, growth in the 90's was helped along by the fall of the soviet union. The lack of need for defense spending threw that money back into the domestic economy and spurred growth . ."
Talk about the elephant in the room. All the taxes in the world mean nothing if it's going to be used to blow shit up -
-
Re: Taxes and Obama
Sun, June 15, 2008 - 4:15 PMReality: the US economy has been a huge credit bubble since at least the mid 80s.
Obama's not a magician. Things are gonna get ugly in the next 4 years. The cheap credit train is OVER. -
-
Re: Taxes and Obama
Sun, June 15, 2008 - 5:36 PMReagan talked about trickle down economics, and stated that if you let the corporations and very very wealthy keep more of their money, they will spend it and hire more help which in turn helps the poor. It didnt work. It was faulty logic. When the rich make more money, they hoard it or invest it. It might help 'economic growth' but most people dont see a correlating increase in their quality of life. Also, its not taxes that dictate how much help must be hired, its demand. The more demand for a product, the most help absolutely must hire. They dont fire help because of taxes, they fire help when business is slow and the workers are not needed so they are forced to scale down. So long as there is a demand, the help will absolutely be required.
Second, the advocacy of trickle down economics assumes that production is not being outsourced anyway. The additional 10% to 15% tax in the US is not whats driving production overseas, because even if you lowered taxes to 0% its still cheaper to hire somebody for $2 to $10 a day in the Asian or African continent than to pay $15 and hour on domestic labor. Taxes are a minor consideration in comparison. The cost of shipping however is becoming significant and is cutting into the savings of exporting jobs, but its still not enough to keep it from being profitable. Maybe if we go to war with Iran we can finally get oil high enough to where its not profitable to export labor, but by then we will not have enough infrastructure in place to produce for our own needs because we didnt prepare for it.
That is why I agree with taxing corporations who outsource labor more heavily, and giving tax breaks to those who pay extra to hire American labor. It also helps reduce our consumption of fuel, which drives down the price of anything that uses oil for production or shipping.
-
-
Re: Taxes and Obama
Sun, June 15, 2008 - 5:44 PM"Reagan talked about trickle down economics, and stated that if you let the corporations and very very wealthy keep more of their money, they will spend it and hire more help which in turn helps the poor. It didnt work. It was faulty logic. When the rich make more money, they hoard it or invest it. It might help 'economic growth' but most people dont see a correlating increase in their quality of life. "
The issue is creating an atmosphere that is conductive to business. This doesn't mean that you just allow the corporations be the law of the land. What it does mean is that you offer them some type of return for what they spend on taxes, something America currently doesn't do.
-
-
Re: Taxes and Obama
Sun, June 15, 2008 - 5:45 PM>The issue is creating an atmosphere that is conductive to business.
I disagree profoundly. The issue is creating an atmosphere that is good for people. Corporations, if they are given a license to operate, should contribute more to the public good than they take away, or they should get the corporate death penalty. -
-
Re: Taxes and Obama
Sun, June 15, 2008 - 5:51 PM"I disagree profoundly. The issue is creating an atmosphere that is good for people. Corporations, if they are given a license to operate, should contribute more to the public good than they take away, or they should get the corporate death penalty."
Yeah, so once they leave how will you replace those jobs? Look at Japan, they are the one country with a higher corporate tax rate then the US. But they stay because they do not need to cover health care costs and have an endless pool of well educated workers -
-
Re: Taxes and Obama
Sun, June 15, 2008 - 6:02 PM>Yeah, so once they leave how will you replace those jobs? Look at Japan, they are the one country with a higher corporate tax rate then the US. But they stay because they do not need to cover health care costs and have an endless pool of well educated workers
Gee Dustin, the answer seems embedded in your question. If you have nationalized health care and a good education system, your economy will do better!
Anyway, its not a zero-sum game. You can create jobs through protectionism, for instance. The Japanese have their rice industry heavily protected from cheap (government-subsidized) American imported rice.
Another answer is socialism, theres plenty of ways to put people to work even if they are not the absolute low-cost-producer on the entire planet for "X" good or service...
The US has a huge amount of human potential, natural resources, etc. The problem is not that we "need corporations" its that we need "less corporatism" in planning, etc.
You really are obedient to the system aren't you? Try to break out of the intellectual blinders you apparently have on. -
-
Re: Taxes and Obama
Sun, June 15, 2008 - 6:24 PM"Gee Dustin, the answer seems embedded in your question. If you have nationalized health care and a good education system, your economy will do better!"
are you really that dense to ignore that I have mentioned this before, numerous times?
"Anyway, its not a zero-sum game. You can create jobs through protectionism, for instance. The Japanese have their rice industry heavily protected from cheap (government-subsidized) American imported rice."
Yes, on certain industries, like food and steal production, it is certainly warranted, but it is a situation that should always be updated, and revised
"You really are obedient to the system aren't you? Try to break out of the intellectual blinders you apparently have on. "
Yes, calling for decreased military spending and extolling the needs for an affordable health care plan and and a great education is business as usual. maybe if you actually tried to read the stuff people write you would stop looking like such a god damned idiot, all the time -
-
Re: Taxes and Obama
Sun, June 15, 2008 - 8:09 PM"The issue is creating an atmosphere that is conductive to business. This doesn't mean that you just allow the corporations be the law of the land. What it does mean is that you offer them some type of return for what they spend on taxes, something America currently doesn't do."
I think we should have a system that rewards those who employ Americans, and taxes those who export labor. There should be some incentive to use American labor for production, and the current system does not offer this. We should also be thinking ahead to the day when the American dollar isnt strong enough to buy foreign labor on the cheap. We could still thrive with a weak dollar if we started producing more for ourselves. -
-
Re: Taxes and Obama
Sun, June 15, 2008 - 8:16 PM<I think we should have a system that rewards those who employ Americans, and taxes those who export labor.>
Again, give tax incentives to those that have workers HERE. I mean, how would one tax companies that outsource?
<There should be some incentive to use American labor for production, and the current system does not offer this.>
Exactly.
<We could still thrive with a weak dollar if we started producing more for ourselves.>
Thus the idea of the lowering of certain taxes on American companies. Incentivize business.
You didn't comment on any of my points, Sent. Do you not have any comments? -
-
Re: Taxes and Obama
Sun, June 15, 2008 - 8:53 PMThe economic balance is gone when you employ slave labor because slave labor cannot buy anything that's being produced. As a result profit disappears.
The only reason this balance is able to be maintained on our end is through credit cards and home equity -- money that has nothing to do with labor. The profit that these slaves are receiving for their goods is based on future dollars. If those dollars aren't produced on a broad scale by the workers and their 'labor', the dollars that come in through the sale of goods won't produce the labor required to produce the next quarter's worth of goods.
The end result is the entire system is being floated on future dollars. If you strike a balance that shifts those jobs overseas, those future dollars become monopoly money. Not only that, the entire system that floated those dollars to begin with gets called into question and the ability to generate future dollars on loan is destroyed.
The end result is severely devalued labor, free labor and food labor in exchange for power -- royals and dictators backed up by a strong military that makes one form of suffering favorable to another.
That's how you get China -- and the future US economy . . . at the price of liberty. -
-
Re: Taxes and Obama
Mon, June 16, 2008 - 4:14 PM"You didn't comment on any of my points, Sent. Do you not have any comments? "
I might have a slightly different view, but nothing you said jumped out at me as something I felt the need to counter.
"The economic balance is gone when you employ slave labor because slave labor cannot buy anything that's being produced. As a result profit disappears. "
Well...I dont think the people who US companies employ who work for slave labor are the people being marketed to. A child who works all day making Niki Tennis shoes probably cant afford to buy one even after working the entire day. Mostly they turn around and ship their products all the way back to the US or other countries. However, as US labor is outsourced, the number of US consumers decreases as more people slip into poverty. The corporations themselves still come out slightly ahead though, because they saved on labor.
"The end result is the entire system is being floated on future dollars. If you strike a balance that shifts those jobs overseas, those future dollars become monopoly money."
Its already happening with the system we have right now.
-
-
Re: Taxes and Obama
Mon, June 16, 2008 - 9:53 PMWe might as well concede the dual income household now and revise our tax forms for the dual family/ polygamous economies of tomorrow. -
-
Re: Taxes and Obama
Mon, June 16, 2008 - 10:55 PMthe sorry reality is that Obama is dumb as a fence post.
He has never studied history nor economics
his taxation policies will in fact have profound negative consequences for the economy.
I hope we don't get to prove that.........
-
-
Re: Taxes and Obama
Mon, June 16, 2008 - 11:28 PM<<<his taxation policies will in fact have profound negative consequences for the economy.>>>
I disagree.
George W. Bush's flippant disregard for the trade deficit and the floating of the shortfall with credit cards and home equity has already had negative consequences for the economy. The policy of both parties has flooded the economy with fake money. W. Bush's continued borrowing over the budget and tax cuts has caused 10% of the entire tax income of the US to be paid in interest.
This means an additional 10% of the entire tax revenue disappears from the infrastructure. 'Conservative' tax policy under the Bush administration has turned from 'tax and spend' into a 'tax and eradicate' policy. That money is gone: continuously gone and compounded further by the mess he's left the country in once it defaults and loses tax revenue due to unemployment and under-employment.
Basically, for good or ill, he's done everything he could to make the dollar unimportant. The next four to eight years will not be a consequence of anything the next administration does because it has to come up short. There's no way around it coming up short.
The only thing left to do is tax and 'spend prudently' in order to limit the damage.
<<<He has never studied history nor economics>>>
I'm sure he knows a thing or two about John Law, as opposed to Bush who would probably look confused or pissed off for reasons he couldn't possibly fathom.
-
Re: Taxes and Obama
Mon, June 16, 2008 - 11:37 PM<his taxation policies will in fact have profound negative consequences for the economy. >
You know, there is absolutely zero data to correlate high taxes on the wealthiest with "negative consequences" for everyone else. Really -none. Glennyboy can't produce the slightest bit of evidence for his idiotic statemnt, anyomre than ther clifftard can for his lies.
Clinton raised taxes on the wealthiest a very modest amount, and the economy did quite well. Back in the Eisenhower 50's glory days for the Repuplicans, income tax rates for the wealthiest were up past 80%, and the american middle class was far healthier than now.
But such boring old facts won't stop fundies like Glennyboy from spouting their bullshit. Their devotion to voodoo economics transcends the rational and is indeed in the realm of the mystical. -
-
Re: Taxes and Obama
Mon, June 16, 2008 - 11:43 PMWhy not let Glenn esplain his reasoning in his own words rather than you saying it for him? He might have some justification somewhere that hasn't already been reasoned out -- beyond platitudes anyway. -
-
Re: Taxes and Obama
Tue, June 17, 2008 - 12:01 AMintelligent government intervention is warranted when the economy goes sour or when it no longer serves the public good.
in japan, the government is very involved in the economy. . .it works to ensure that the economy is strong and that workers have good jobs and social services that are needed.
unfortunately, the government did not provide effective oversight of private banks who made a huge number of bad investments, continuing to bail out badly managed enterprises, that should have failed. in addition, land speculation got totally out of control several years ago.
there are so many significant factors to consider when managing an economy, that the work can't be done piecemeal. however, it is a myth that the marketplace has some magic and that global markets will always benefit the local economy.
hopefully economic planners have learned from the failures of neo-liberal economics that small and interdependent is beautiful. a decentralized economy that is supported by government economic planners is the only way to keep the standard of living high and face competition from highly productive nations where there is very dynamic government leadership in the economy. .
-
-
Re: Taxes and Obama
Tue, June 17, 2008 - 4:03 AM<Clinton raised taxes on the wealthiest a very modest amount, and the economy did quite well. Back in the Eisenhower 50's glory days for the Repuplicans, income tax rates for the wealthiest were up past 80%, and the american middle class was far healthier than now. >
Kelly, what does not work for your example is that you are using two very unique time periods to make your point. Eisenhower had an unprecedented growth engine post WWII. Clinton had the internets and general global economic stability to grow from.
Not good examples you make.
-
-
Re: Taxes and Obama
Tue, June 17, 2008 - 4:53 AMDisagree entirely. Look into it. It's a cycle:
Tax the rich: USA does well. Ease up on them : USA fails.
We were strongest as a nation when workers were protected within unions, when public discourse was not directed from on high by a homogenizing elite-controlled medium, when the 'middle class' was powerful, when human rights were established and defended. Rhetoric to the contrary is either disingenuous or simply ignorant of the facts.
It's not a USA thing; it seems to be an axiom. A materially successful society must be egalitarian, and it has to support a sizable middle class. These, historically, seem to be the basic two fundamental rules for not sucking; it's how Iran, incidentally, rose to their current level of power. The hated Ayatollah Khomeini was actually one of the most secularizing and 'westernizing' political figures in Iran's history - he did it (very shrewdly, in my opinion) in the only way the Muslim mind could tolerate: he couched it all in religious terms. Check it out. The rise of Iran is a very key story for our age and it's recent enough history to still be a very vital part of the current political tapestry. Keyword: Velayaat-i-faqih ("rule by jurists").
Having material success, historically speaking, absolutely* requires an egalitarian society that nurtures a strong middle class, offers no incentive for the hoarding of wealth, and that aims the taxes where the money is. In Rome it was corn factors, landowners, and shippers. In America it should be bankers, pill-merchants, and energy-barons. Not taxing the hell out of them is suicidal on so many levels.
www.union.edu/PUBLIC/LIBR...mecohist.htm
oxlad.qeh.ox.ac.uk/
www.digitalhistory.uh.edu/datab...es.cfm
www.amazon.com/Economic-H.../0070251800
delong.typepad.com/aeh/
* "absolutely" is a word I'm somewhat careful about using... -
-
Re: Taxes and Obama
Wed, June 18, 2008 - 2:58 AMIt's not a *whole*lot of reading... is it?
Come on. This stuff is important.
-
Re: Taxes and Obama
Wed, June 18, 2008 - 6:43 AMIt is entirely possible to be an excellent scholar while at the same time having no common sense and allowing your scholarship ( such as it is) to be manipulated by your political agenda.
This is the problem with any core thesis that starts out by insisting that :
***********We were strongest as a nation when workers were protected within unions,**************
It's like the person who says things like has managed to miss most of the main driving factors in modern history.
Technology has made the skilled tradesman of the Union a thing of the past. Where once you needed several hundred highly skilled machinists, sheet metal mechanics, welders, tool makers and engineers you now only need a few high school dropouts to change dull cutters on CNC machinery with a handful of CAD operators and a few engineers.
Most of the work that Union members used to do has been out-sourced to history. The jobs are just gone and won't ever be back.
Here: tinyurl.com/yseflg
The only way a union can survive in todays global economy is if the union is also global. So long as there are people willing to work for way less than you their competition will always undermine your efforts. You can't unionize against that sort of thing.
*********when public discourse was not directed from on high by a homogenizing elite-controlled medium,**********
This is like some one sitting back after reading Tom Sawyer and getting all misty for the "good old days." It's made up nonsense.
The media has always been a manipulator of public discourse.
Remember "The shot heard 'round the world"~? Well it was a manipulated and staged event and the printing press was the tool used to make it happen.
************ when the 'middle class' was powerful, when human rights were established and defended.********
Ther middle class has always been powerful. "Middle Class" is an annual income of about $600,000 and more.
You are of the lower classes. I am of the lower classes. I was unaware of this invention of a false middle class ( the media invented it by the way) until I was in Grad school. I had to become an Elitist in order to learn how low class I was.
However I think you mean the "working classes" when you misused the term middle class. "Working Class" is also an invention but it is at lease a fairly accurate one describing people who have to work to get by.
People who misuse the term middle class seem to have absolutely zero understanding of how many levels of social and financial hierarchy there are above them. They feel a need to make themselves feel better about their miserable lot in life so they mis use terms like middle class and professional.
Most people are able to apprehend only one social order above them and two below.
At any rate the working classes were never much of a force to be contended with. They were too busy to be any trouble.
********It's not a USA thing; it seems to be an axiom. A materially successful society must be egalitarian, and it has to support a sizable middle class.**********
You mean working class. You need lots of worker bees for the middle classes to enjoy their ritzy lifestyles.
*************These, historically, seem to be the basic two fundamental rules for not sucking; **************
Oh God axiomatic bullshit from a clown. LOOK EVERY ONE THE CLOWN HAS A TRUTH ( he just made up) .
********it's how Iran, incidentally, rose to their current level of power. The hated Ayatollah Khomeini was actually one of the most secularizing and 'westernizing' political figures in Iran's history - he did it (very shrewdly, in my opinion) in the only way the Muslim mind could tolerate: he couched it all in religious terms.************
This couldn't have anything to do with the Tyranny of the Shaw coming to an end.
This is so typical of America Hating Communists . They always try to make the monsters of the world to look good.
It's a mystery to me that they feel this sick twisted need to bite the hand that feeds them it must be a congenital defect of the mind.
********Having material success, historically speaking, absolutely* requires an egalitarian society that nurtures a strong middle class, offers no incentive for the hoarding of wealth, and that aims the taxes where the money is. In Rome it was corn factors, landowners, and shippers. In America it should be bankers, pill-merchants, and energy-barons. Not taxing the hell out of them is suicidal on so many levels.***********
WOW. A Stunning combination of falsehoods lies and stupidity.
When you devalue everything nothing has any value.
That disincentives humans from participating. this is because humans are genetically driven to compete for the one thing you will have stripped away - Value.
Then the only way you can get those humans to participate is the use of tyrrany and violence.
This is one of the foundational reasons why all communist regimes larger than a small village have devolved into tyranny and despotism ramming cruelty and repression down the people's throats. Once you strip value out of society your only tool of statecraft remaining is the stick.
Why the fucking commies can't see this is baffling. I rather suspect it is because they are wedded to the narrative of the great social order where everyone exists at the same level of social strata with all enjoying the fruits of national productivity equally.
It only works in a very small agricultural village where every one knows each other almost intimately. Any larger than that and it all goes to hell.
. -
-
Re: Taxes and Obama
Wed, June 18, 2008 - 6:53 AM>> Why the fucking commies can't see this is baffling. <<
because it is all about getting your way as opposed to being correct. and for them, if things don't work out you just crank up the propaganda while putting the word out that you'd better keep your mouth shut or else.
-
Re: Taxes and Obama
Wed, June 18, 2008 - 7:57 AM>>It is entirely possible...<<
This is a long post, and I'd love to read it, so tell me: is there a point to me reading it? Or is it going to be worthless ad hom and empty "you clearly don't understand" bullshit? I'm sure you have some things to relate on the topic, but I'm not going to pretend I won't castigate you for the next three weeks if this is just another one of your self-congratulating fits in which you try, again, to figure out who I "am" so you can try a different line of ad hominem, Cliff.
So; does this post reference your assumptions about me as a way to bolster whatever incorrect argument you're about to make, or is it composed of actual scholarship?
Anyone can answer, really, who's read it.
-
Re: Taxes and Obama
Wed, June 18, 2008 - 10:46 PM<It is entirely possible to be an excellent scholar while at the same time having no common sense and allowing your scholarship ( such as it is) to be manipulated by your political agenda.>
I'd think that you were talking about Bush, but.............no one can call him a "scholar".
<<***********We were strongest as a nation when workers were protected within unions,**************>>
<It's like the person who says things like has managed to miss most of the main driving factors in modern history. Technology has made the skilled tradesman of the Union a thing of the past. Where once you needed several hundred highly skilled machinists, sheet metal mechanics, welders, tool makers and engineers you now only need a few high school dropouts to change dull cutters on CNC machinery with a handful of CAD operators and a few engineers.>
Cliff, the AMOUNT of people is not relevant to a union. There's a union for voice-over 'actors'.
The unions are still very important compared to a lack of them. The problem with not having a union is similar to the difference between a bad Dem and some far-lefty fantasyland candidate - the 'bad Dem' at least is better than no dem, and same with Unions. I'd rather have a corrupt and badly run union than none at all. Things are fairly often FAR WORSE when there's an owner that does not care about the workers - and that's the usual situation with large industries.
<Most of the work that Union members used to do has been out-sourced to history. The jobs are just gone and won't ever be back.>
Yep, and the Unions need to recognize this, 'eh? They need to not do things that hasten the offshoring of whole industries.
<This is one of the foundational reasons why all communist regimes larger than a small village have devolved into tyranny and despotism ramming cruelty and repression down the people's throats. Once you strip value out of society your only tool of statecraft remaining is the stick.>
Very true.
<Why the fucking commies can't see this is baffling.>
No shit. There's NEVER been a communist society that has worked out well. Ever. Never ever and ever. Socialists? Sure, there is a nice mix of socialism and capitalism that's working in Europe, but that's not real Communism or Socialism.
It's been a failed operation from the get-go all the way through.
Can't we be done with this ridiculous story of some kind of forced equality by some ridiculous Proletariat-slaves or whatthefuckever?
-
-
-
-
-
Taxes and Obama
Wed, June 18, 2008 - 5:38 AMGlen:
<the sorry reality is that Obama is dumb as a fence post.
He has never studied history nor economics
his taxation policies will in fact have profound negative consequences for the economy.
I hope we don't get to prove that......... >
Glen you can't be serious. There is no evidence that he is dumb or uneducated. In fact it's just the opposite. You don't become the democratic candidate for president by being dumb and uneducated. You don't beat a political machine backed by Bill Clinton and almost all the money in the world by being dumb and uneducated.
Yeah, I'm sure your right when you say he never studied history to get his political science degree. As far as his taxation policy we can only hope congress will raise some of the rates he has suggested as we can't continue to be a debtor nation if we want anyone to take us seriously. The only reason not to consider going back to the tax rates of the Clinton administration is that we are in a recession. His tax plan is ok if he tells people up front that the rates should only be for two years and then revert to Clinton tax rates or other methods to bring about the same receipts. You really haven't got that much room to bitch as his plan is not that much different from McCains.
-
-
Re: Taxes and Obama
Wed, June 18, 2008 - 5:46 AM"Yeah, I'm sure your right when you say he never studied history to get his political science degree. As far as his taxation policy we can only hope congress will raise some of the rates he has suggested as we can't continue to be a debtor nation if we want anyone to take us seriously."
Currently, there is only one real fix to our current economic problems, and that is to cut spending. Everything else is just a way of ignoring that point -
-
Re: Taxes and Obama
Wed, June 18, 2008 - 6:49 AM>> Currently, there is only one real fix to our current economic problems, and that is to cut spending. Everything else is just a way of ignoring that point <<
that's dead on. the stage for the 90s were set by Bush senior who signed into law spending cuts in combination with tax increases that moved us in the right direction. Clinton was a moderate Democrat that built on those policies to his credit and was aided by the fact that the Republican Revolution meant that his party lost power in the Senate. and it seems that the parties function better when the balance of power isn't tipped too far one way. you also had the tech bubble and decreased military obligations to speed things along. and then we elected GW and the pendulum swung too far and here we are... helped along by 9/11 and a series of bubbles.
so sure. it all sounds great to just increase taxes on the hateful rich. but do so in a slowing economy at your own peril. and the rubbish about how everything is great when you have strong unions is easily refuted by simply looking at the sluggish economies of europe. or if that's too far, peek under the hood of san francisco. this is a bumper crop for revenues and yet they are seriously in the red after voting in all kinds of pay hikes for firemen, police and nurses.
-
-
-
Death and Taxes
Wed, June 18, 2008 - 6:00 AMGlen:
How you could call anyone dumb after a president who wore his ignorance as a badge of honor is beyond me.
Reagan and G.W. Bush did more to destroy the United States than any other 100 men and woman. Reagan with the war on Afghanistan and Bush with the war in Iraq.
As for "profound negative consequences for the economy" you need look only at the give away (free) trade policies of both parties. Tariffs made America great. Free trade and low tax rates combined with unlimited spending by a republican president have made us the worlds largest debtor. The question for you Glen is do you want the US empire to come to a quick and inglorious end or to try to recover and become a just society. Low taxes and high debt will continue the inglorious end we have already begun.
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Re: Taxes and Obama
Wed, August 6, 2008 - 9:23 AM**************If you make under 200k a year, you will pay less money in taxes but get more services with Obama than with McCain. If you make over 600k, you will probably pay an extra 100k a year in taxes, and if you make around 3 million you will pay an extra 700k in taxes.....But most of us make under 200 k, many of us under 60k, so if you are a fiscal conservative and part of the working poor, you may want to rethink support for McCain who will charge you more taxes but give you less services.****************
All of these predictors and prognostications all tend to miss one salient fact:
No matter where the supposed taxes are being levied by the government ( Lets say they only tax billionaires) the resultant pass through will end up on the heads of the very people who are so stupid as to think that they just dodged the bullet.
The pass through ends up raising costs for everything on the consumer because if I have to pay more taxes then I'm voting my corporate shares in ways that raise costs on consumers to pay me back.
In other words that dollar I have to pay uncle Sam I am going to take out of your ass.
If you don't think that the real power brokers on the top of the income scales won't do exactly this - - just you wait.
It works in reverse too:
Lets say the government decides to tax the worthless ass wipes .
If the tax is adequate to prevent them from going to MickyDees or WallMart or they can't fill their gas tanks - - or whatever - - you know who's going to have to suffer the loss of income?
Yup share holders of those companies.
Because of this pass through the idea of taxing only this class of citizens is really a tax on all classes.
All taxes are regressive. -
-
Re: Taxes and Obama
Wed, August 6, 2008 - 11:28 AMIncreasing the tax burden on corporations and almost doubling capital gains will be terrible for the economy. Increased costs are just passed down to the consumer, you see it every time you go to the grocery store.
-
Re: Taxes and Obama
Wed, August 6, 2008 - 11:51 AM<<All taxes are regressive.>>
I'm no economist but in the last 30 years the best economy happened under moderately higher taxes during the 90's. We were actually on our way to put the long term finances of the country on a solid footing. Nobody likes taxes but if we're going to spend the money we've got to raise it. Pay as you go and a serious evaluation of government programs are definitely part of the equation. Taxes are as well. -
-
Re: Taxes and Obama
Wed, August 6, 2008 - 1:37 PMThe economy did boom during the Clinton presidency but it wasn't because he raised taxes. Reasons for 90's boom:
1. The Internet came of age, bringing a revolution in the efficiency of processing information and making workers more productive.
2. Oil prices declined because of squabbling and cheating among the OPEC oil-producing nations. As late as 1999 crude oil was selling for less than $10 per barrel and gasoline hit a low of 95 cents per gallon.
3. Manufacturing companies embraced more efficient production methods.
4. A massive reduction in military spending, begun during the George H.W. Bush administration following the collapse of the former Soviet Union, allowed capital to be deployed to more economically productive ends.
5. No major wars in the world to disrupt rapidly growing trade.
-
-
Re: Taxes and Obama
Wed, August 6, 2008 - 1:44 PM<<The economy did boom during the Clinton presidency but it wasn't because he raised taxes.>>
I don't disagree with your reasons. My point is that reasonable tax increases, levied to balance the Federal budget, are not necessarily market killers. -
-
Re: Taxes and Obama
Wed, August 6, 2008 - 1:55 PM* My point is that reasonable tax increases, levied to balance the Federal budget, are not necessarily market killers. *
I agree that reasonable increases work in certain times, but raising taxes on corporations when the economy is already hanging by a thread is not the right move.
-
-
-
-
-
Re: Taxes and Obama
Wed, August 6, 2008 - 11:35 AM* If you make under 200k a year, you will pay less money in taxes but get more services with Obama *
I don't have much faith in government services.
