You ain’t seen nothing yet – part one

[nadB]

http://www.theburningplatform.com/?p=32217

[Built4Speed]

"We actually believe the two party political system offers us a choice, when both parties genuflect to Wall Street, gratify corporate special interests, fight never ending wars, and spend money they don’t have. We choose to believe government statistics that claim inflation is running at 3%, when our everyday reality attests it to be 10%. We trust the Federal Reserve to maintain price stability even though their policies have resulted in a 97% depreciation in the U.S. dollar since 1913. We believe the future will be bright, even though 60% of workers have less than $25,000 in total savings."

This. Damn, that was a good read. I had to steal it and post it on FB for the less-informed friends of mine.

[nadB]

Ever noticed who are the loudest mouths calling for lower taxes on the highest income levels ??

Ever wonder why ??



http://www.theburningplatform.com/?p=32217

[saltydawg]

Won't be long before Tyler is saying that NadB has had a nervous breakdown for posting this commie, socialistic article.

Of course, the article is just revealing the truth. For our Nation to do well, the rich have to pay most of the taxes because spending by the poor and the middle classes drives our economic engine.

[Guisslapp]

Won't be long before Tyler is saying that NadB has had a nervous breakdown for posting this commie, socialistic article.

Of course, the article is just revealing the truth. For our Nation to do well, the rich have to pay most of the taxes because spending by the poor and the middle classes drives our economic engine off a cliff.

FIFY

[saltydawg]

Guiss, you're an engineer, not an economist.

[T_Won]

Won't be long before Tyler is saying that NadB has had a nervous breakdown for posting this commie, socialistic article.

Of course, the article is just revealing the truth. For our Nation to do well, the rich have to pay most of the taxes because spending by the poor and the middle classes drives our economic engine.

Don't they do that now?

[Built4Speed]

Won't be long before Tyler is saying that NadB has had a nervous breakdown for posting this commie, socialistic article.

Of course, the article is just revealing the truth. For our Nation to do well, the rich have to pay most of the taxes because spending by the poor and the middle classes drives our economic engine.

Think about what you're saying there. That may be partially true in the retail/service industry, but outside of that, absolutely not. I'm not saying you're wrong, because there is *some* truth to that, but that's so grossly over-generalized I don't even know where to begin.

[LATechBanjo]

Read parts 2 and 3. I almost posted them myself but part 3 especially brings it all together.

[LookingForResults]

Ever noticed who are the loudest mouths calling for lower taxes on the highest income levels ??

Ever wonder why ??



http://www.theburningplatform.com/?p=32217

It has been shown ad infinitum that if you took ALL the income of the top 1% it would not nearly satisfy the income requirements of the Federal government. There simply aren't enough of them. So take that argument off the table for it is nothing but emotional misrepresentstion to exploit the misinformed for politcal gain. Secondly, given that the top 1% reaches all the way down to $150,000 dollars, an amount that has been reached by my yard man who has established a thriving lawn service, do you really think he's not paying enough? Or what about a small manufacturer that makes $250,000 per year, but works 60 hour weeks to do so? Does he need to pay more? Are you, or anyone else, the one who should decide who should pay more? And for what purpose should they pay more if by paying more it makes no meaningful difference in government revenues? The only reason to punish their hard work and success is to appeal to the base instinct of jealousy for personal political gain.

[touchdown123]

Don't they do that now?

That's what nobody wants to say.

[Bigdog13]

It has been shown ad infinitum that if you took ALL the income of the top 1% it would not nearly satisfy the income requirements of the Federal government. There simply aren't enough of them. So take that argument off the table for it is nothing but emotional misrepresentstion to exploit the misinformed for politcal gain. Secondly, given that the top 1% reaches all the way down to $150,000 dollars, an amount that has been reached by my yard man who has established a thriving lawn service, do you really think he's not paying enough? Or what about a small manufacturer that makes $250,000 per year, but works 60 hour weeks to do so? Does he need to pay more? Are you, or anyone else, the one who should decide who should pay more? And for what purpose should they pay more if by paying more it makes no meaningful difference in government revenues? The only reason to punish their hard work and success is to appeal to the base instinct of jealousy for personal political gain.

Boom!

[saltydawg]

Let the GW Bush tax cuts expire, and then re-do the capital gains tax to encourage long-term gains (5 years) by those whose income is below $500k.

[saltydawg]

Think about what you're saying there. That may be partially true in the retail/service industry, but outside of that, absolutely not. I'm not saying you're wrong, because there is *some* truth to that, but that's so grossly over-generalized I don't even know where to begin.

Talk to GW Bush. He targeted his stimulus checks to those people.

[saltydawg]

It has been shown ad infinitum that if you took ALL the income of the top 1% it would not nearly satisfy the income requirements of the Federal government. There simply aren't enough of them. So take that argument off the table for it is nothing but emotional misrepresentstion to exploit the misinformed for politcal gain. Secondly, given that the top 1% reaches all the way down to $150,000 dollars, an amount that has been reached by my yard man who has established a thriving lawn service, do you really think he's not paying enough? Or what about a small manufacturer that makes $250,000 per year, but works 60 hour weeks to do so? Does he need to pay more? Are you, or anyone else, the one who should decide who should pay more? And for what purpose should they pay more if by paying more it makes no meaningful difference in government revenues? The only reason to punish their hard work and success is to appeal to the base instinct of jealousy for personal political gain.

That's a bogus argument. Nobody is talking about taking all of the income of the top 1% and then not taxing anybody else.

What folks are saying is that the top 1% should pay 10% more or so in taxes so that we can balance the budget.