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You're joking about the le right?
I'd say it's so simple. So many rich are not in with the democrats who want to raise their taxes.
http://www.rollingstone.com/politics...-rich-20111109
The nation is still recovering from a crushing recession that sent unemployment hovering above nine percent for two straight years. The president, mindful of soaring deficits, is pushing bold action to shore up the nation's balance sheet. Cloaking himself in the language of class warfare, he calls on a hostile Congress to end wasteful tax breaks for the rich. "We're going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share," he thunders to a crowd in Georgia. Such tax loopholes, he adds, "sometimes made it possible for millionaires to pay nothing, while a bus driver was paying 10 percent of his salary – and that's crazy."
Preacherlike, the president draws the crowd into a call-and-response. "Do you think the millionaire ought to pay more in taxes than the bus driver," he demands, "or less?"
The crowd, sounding every bit like the protesters from Occupy Wall Street, roars back: "MORE!"
The year was 1985. The president was Ronald Wilson Reagan."The Republican Party went on a tax-cutting rampage and a spending spree," says Rhode Island governor and former GOP senator Lincoln Chafee, pointing to two deficit-financed wars and an unpaid-for prescription-drug en lement. "It tanked the economy."Tax receipts as a percent of the total economy have fallen to levels not seen since before the Korean War – nearly 20 percent below the historical average. "Taxes are ridiculously low!" says Bruce Bartlett, an architect of Reagan's 1981 tax cut. "And yet the mantra of the Republican Party is 'Tax cuts raise growth.' So – where's the ****ing growth?"
You're joking about the le right?
I'd say it's so simple. So many rich are not in with the democrats who want to raise their taxes.
St Ronny would be accused of waging class warfare in today's world.. even he knew..
Venerating St Ronnie by today's Repugnants is just another huge fraud, another Big Lie. Likeable guy, B actor, GREAT professional voice and delivery, a supreme con man, but a disastrous president, but he's way far left of today's nihilistic, sociopathic Repugs. People are suckers for A Sweet Talkin' Guy.
I read taht Wall St donors are giving huge amounts to Scott Brown to defeat Liz Warren. The VRWC intends deny even one objector, a serious, intelligent, fact-backed objector, to their systemic crimes.
Last edited by boutons_deux; 11-19-2011 at 11:36 AM.
Calling the money NOT taken from taxpayers "lost revenue" would be funny if it wasn't so indicative of progressives perverted thinking...where does the government enforced redistribution end?
"where does the government enforced redistribution end"
where does the 1%'s avaricious wealth-sucking end?
Where does the jealousy for successful people end?
Yeah, I guess a lot of people here are jealous that those on the top have enough money to affect tax policy to their benefit and the detriment of the country...
If you are so ing successful, why do your taxes need to be constantly cut? People back in the 60s were wildly successful paying 55% income taxes. Why should you only pay 35% as the top rate?
Where does the disregard for poor people end?
The lowest top tax bracket in the 60s was 70%. The highest was 91%. So your point is even stronger.
after desegregation, we had to let the wealthy keep more of their money so they can afford to stay away from the negro without govt help
There were also TONS of deductions. , ALL interest was deductible including credit card interest (not just mortgage interest) Sales tax was deductible "hobby" losses were deductible (example, you could buy a ranch and run it as a business and deduct your "losses" every year...)...the trade off for giving up all those deductions (which actually resulted in a much lower effective rate) was a lower base rate.
Now, you still want to do away with all those deductions and go back to the higher base rate.
You are comparing apples to oranges.
I would be fine with going back to Clinton era levels... you know, the last time things actually worked.
We have a spending problem more than a revenue problem. Politicians have simply promised more than they can afford to deliver. You could confiscate ALL the 1%'s wealth and it still wouldn't be enough.
Probably when they quit acting en led, looking at those less fortunate as a lower species, and quit insisting on keeping a status quo that drives the world into the ground for their benefit. Or show some basic human traits like empathy and/or compassion. Or , even try to make the world a better place for everyone instead of a select few.
In other words, you are a jealous little that thinks you are en led to share in their success...I get it.
Cool, so then you actively supported the gang of six proposal? Seeing as the cuts to spending ratio was 3 to 1... Right?
Yes that's exactly how a reasonable person would interpret that.
Personally I would accept 3-1 but I want the revenue increase to come from eliminating more credits and deductions and not raising the base rate. i totally agree that hedge fund guys should be paying ordinary income rates and not cap gains rates on their annual income...GE should have paid tax on their income, etc.
Greed, it seems, is a pretty base instinct, so it should not be surprising that the wealthy use their money to invest in legislation that will not only keep them in their place, but exponentially increase their wealth. Until they can block that base instinct, and start using their prefrontal cortex, the cycle of wealth consolidation and revolution will continue.
Dude...how many "rich" people do you know? I'm definitely not one but the ones I do know aren't greedy ogres...They are all involved in charitable work and do a lot of stuff that isn't just about them and making money...You are just buying into that same old left wing bull stereotype and I personally find it offensive...
And how much time/money did YOU devote to "making the world better" last year? I'm not even "rich" and I know I spent over $5000 and devoted well over 200 hours to charitable work last year...
Just like you buying into the same old right wing bull stereotype. You're another parrot...just on the opposite end of the spectrum.
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