Reply With Quote
I thought you said you would be receiving a check this time around.
I thought you said you would be receiving a check this time around.
People who pay no income tax pay SS taxes, FICA, state and sales taxes. Saying they pay no taxes, as you did earlier, is misleading.
It's reckoned that giving stimulus money back to those who stand in no immediate need of it doesn't stimulate, since the money usually gets saved. It's reckoned also more rational in this context to give it to low income earners because they are more likely to spend it. Does it work out that way? Not necessarily. But targeting stimulus this way does make some sense.
Is it inequitable? Sure, in that high earners do not receive an equal share of the loot.
Go ahead, keep crying about this. People too poor to pay income taxes will be helped. And it's not like you'll have to pay $500 more to make up for it. Boo hoo.
Right now, the big banks are hunkering down like everyone else, saving their money for a rainy day or the opportunity to acquire failed compe ors.
Also, with the USG assuming the responsibility for stimulating demand as well as propping up big finance, there isn't a whole lot of incentive for private money to get off the sidelines.
If, OTOH, you put your money in a credit union or a more conservative regional bank, your money may have a *marginally* beneficial effect.
Last edited by Winehole23; 01-28-2009 at 05:17 PM.
Seriously. Aggie, how do you not understand that your taxes are going to go down, and unless you get really rich, probably stay down under Obama?
man, your wealth isn't being transferred to anybody. In fact, the government and other, richer peoples' wealth is being transferred to you.
And basically you're just pissed that people less wealthy than you also get a piece of the pie? Very, very selfish.
The vast majority of last year's check went into people's savings accounts or to pay down debt. Some stimulus...
Today? No. But a year or a couple of years from now, someone's going to have to pick up the tab for the $500 plus interest. Or the Fed can just print more money and then you and I can use five hundred dollar bills to wipe our asses with when the dollar becomes worthless.Go ahead, keep crying about this. People too poor to pay income taxes will be helped. And it's not like you'll have to pay $500 more to make up for it. Boo hoo.
That's not it at all. We got into this economic mess because of people living beyond their means. And instead of people having their lifestyles reigned in by a recession as it should be, the government is borrowing more money (aka, living beyond its means) to give to people who borrowed too much money.
Where does it all end? I'm not being selfish. I care about about our country and I'd like for it to have some sort of reasonable future. Ah it, just line up and get your monthly Obama rock the vote stimulus check, and don't come back here to as inflation drives up the cost of consumable goods, you're paying $8 at the pump, and companies continue to lay off workers and raise the price of goods to pay for it all.
This has nothing to do with helping America in the long run. It's about the assholes in D.C. right now handing out money to try to ensure they stay in office, future consequences for this country be damned.
I agree. But this comment would be better lodged here:
http://www.spurstalk.com/forums/showthread.php?t=115457
Last edited by Winehole23; 01-28-2009 at 05:33 PM.
Would that be any different if the stimulus money were going someplace else? No.
If you hate the stimulus in general, fine, let's hear your proposal. Seriously. How do you suggest we go about fixing the economy if not through a pretty moderate combo of top down/bottom up Keynesian economics? I'd like to hear your alternative plan.
And if it's just to let us slide into a major, major depression in the name of toughening us up and reducing our quality of life? Hey, get real. As good as it would be for us in a material sense, America's (left or right) not going for that.
Stick to the reality of the situation, not the impossibly radical solution.
resident repubs complaining about tax cuts. classic
Obama's amount was very fluid and varied greatly during the cam-pain
Not that this stimulant's brackets have anything to do whatsoever with the tax policy he layed out in the campaign.
It used to be that I never saw a tax cut I didn't like. Obama and the Democrats have managed to change that.
You know why? Pretty soon, more than half of the voting public will not be paying taxes because of the Making Work Pay tax credit. Many of those people will actually be making money from the government, every year. These people will have no incentive to vote in fiscally responsible representatives. These tax eaters will spend us into oblivion.
Don't you see how this is fundamentally bad for our democracy? (Hint: two wolves and one sheep voting on what's for dinner.)
Pretending like Obama's modest middle class tax credit is a threat comparable to socialized risk for megabanks, deficit spending and en lements is just silly.
These tax eaters don't even exist yet, and already we've been spent into oblivion.
Also, you might want to check your reasoning. Not everybody is economicus. Motives for voting include might include more than just the bottom line. Values voters, o?
Or are you suggesting that tax breaks extinguish patriotism, morality and rational self-interest?
Your argument sounds like economic determinism. I hope it is not.
Last edited by Winehole23; 01-28-2009 at 08:23 PM.
Know how to fix the economy?
Create more commercialized holidays like the way valentine's day is. Make it into a tradition and people will go out and buy. you can just name one of them "Save the economy day!".
at AHF complaining that he isn't getting more money to add to the deficit. Perhaps that's true conservative values nowadays.
the median income for a family of 4 is about $50K. Ask those families at or below $50K if they would feel "rich" with another $2K/month?
The government is going to do what it wants to do. No matter what political party is involved.
All I know is that under this proposal I'm getting $1000. My wife is unemployed (takes care of our 2 yearold & have another one on the way), & I make less than $75K. We live good by the money I make, but we are not rich by any means.
I'm coming around on this plan. I think the handouts, err, welfare, err 'tax rebates' are a great idea. It worked out well for Rome, after all...
If you hate the stimulus in general, fine, let's hear your proposal. Seriously. How do you suggest we go about fixing the economy if not through a pretty moderate combo of top down/bottom up Keynesian economics? I'd like to hear your alternative plan.
And if it's just to let us slide into a major, major depression in the name of toughening us up and reducing our quality of life? Hey, get real.
Uhh, not tax cuts, refundable tax credits. It's one thing to give everybody back some of their own money, it's another thing to give someone everything they paid to FICA PLUS $500.
Tax cuts = fiscal conservatism.
Refundable tax credits = wealth redistribution.
The fact of the matter is that the people most likely to spend right now are the people at the bottom. Everyone else will get any extra cash and sit on it.
AHF simply looks for methods to support his views instead of looking at things objectively. There's never a "why is this happening" question behind his posts merely faux outrage. The fake outrage posts get old. There are logical reasons behind what is happening, and you don't have to agree ith them to at least come at things with an open mind instead of these bull "I can't believe hat is going on" posts.
Spare me the drama Manny. You did a lot of the same during the Bush years, and now you want to get righteous? BUll .
It's not fake outrage. We're selling out our future so that politicians can stay on the good side of their cons uents, meanwhile taxpayers are having trillions of dollars of their wealth transferred to the elite.
And of course you're happy to call out anyone with a problem with it because you're down on your knees for Obama with your mouth full.
+1
redistribution of the wealth != tax cuts.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
