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Old 11-07-2017, 05:48 PM
 
3,496 posts, read 2,186,798 times
Reputation: 1950

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Quote:
Originally Posted by MSchemist80 View Post
Because he is one man and the Democrats just aren't into reform or serving the people other than themselves and their cronies.
GMAB and republicans aren't? It absolutely goes both ways. Both sides are crooks and only work in their own self interest. Just look at the proposed federal tax plan that disproportionately favors the wealthy class while increasing the federal deficit and further driving up the national debt in the process. Isn't that basically what Democrats are doing in Illinois except replace favoring wealthy class with favoring working class and unions?

https://www.google.com/amp/s/amp.bus...eficit-2017-11
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Old 11-07-2017, 05:58 PM
 
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Not surprised to see this.
Illinois is so hostile to businesses and people it really is a state that belongs more in a 3rd world country.
Unless you are a government insider you are suffering and it will only continue to get worse.
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Old 11-07-2017, 08:24 PM
 
263 posts, read 567,498 times
Reputation: 467
Quote:
Originally Posted by My Kind Of Town View Post
GMAB and republicans aren't? It absolutely goes both ways. Both sides are crooks and only work in their own self interest. Just look at the proposed federal tax plan that disproportionately favors the wealthy class while increasing the federal deficit and further driving up the national debt in the process. Isn't that basically what Democrats are doing in Illinois except replace favoring wealthy class with favoring working class and unions?

https://www.google.com/amp/s/amp.bus...eficit-2017-11
The premise of your comment was that Republicans favor the "wealthy" class, but the article you sent mentions nothing of the sort. The article in question discusses tax revenue collections, which are notoriously difficult to forecast.

The Marxist class warfare of the "evil rich" has become little more than tired trope at this point. If people would take the time to research and learn history, there is far more data to support the free market capitalist approach than the Marxist/Socialist approach.

It should also be noted that the "rich" pay the majority of the taxes anyways, so any tax cut will disproportionately reduce their taxes compared to someone who pays a lesser portion of their income into taxes.
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Old 11-07-2017, 09:00 PM
 
3,496 posts, read 2,186,798 times
Reputation: 1950
Quote:
Originally Posted by Peer79 View Post
The premise of your comment was that Republicans favor the "wealthy" class, but the article you sent mentions nothing of the sort. The article in question discusses tax revenue collections, which are notoriously difficult to forecast.

The Marxist class warfare of the "evil rich" has become little more than tired trope at this point. If people would take the time to research and learn history, there is far more data to support the free market capitalist approach than the Marxist/Socialist approach.

It should also be noted that the "rich" pay the majority of the taxes anyways, so any tax cut will disproportionately reduce their taxes compared to someone who pays a lesser portion of their income into taxes.
My premise was that the new tax plan favors the wealthy while significantly increasing the national debt which is analagous to the Dems in Illinois favoring the working class/unions while increasing the state debt. Pretty simple concept. And if you don't think the new tax plan disproportionately favors the wealthy here's some reading material:

https://www.politico.com/story/2017/...ay-more-243310

https://www.google.com/amp/amp.timei...plan-cuts-2017

https://www.washingtonpost.com/polit...=.56693efaa449

https://www.google.com/amp/s/amp.bus...-brown-2017-11
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Old 11-08-2017, 06:36 AM
 
263 posts, read 567,498 times
Reputation: 467
Quote:
Originally Posted by My Kind Of Town View Post
My premise was that the new tax plan favors the wealthy while significantly increasing the national debt which is analagous to the Dems in Illinois favoring the working class/unions while increasing the state debt. Pretty simple concept. And if you don't think the new tax plan disproportionately favors the wealthy here's some reading material:

https://www.politico.com/story/2017/...ay-more-243310

https://www.google.com/amp/amp.timei...plan-cuts-2017

https://www.washingtonpost.com/polit...=.56693efaa449

https://www.google.com/amp/s/amp.bus...-brown-2017-11
That's nice, but none of those links are what I would consider very objective sources. I am not some big Trump supporter, but rather someone in favor of limited government and laissez faire economics. I don't support corporate welfare or the greatly bloated social welfare you find in Cook County, for example. Cronyism is undesirable regardless of the parties involved. I don't support cronyism in regards to public employee unions, corporations like GM or Chrysler, nor welfare queens.

That said, any tax cuts will "favor" the wealthy if you frame the issue the way those articles you forwarded do. The articles don't mention that the wealthy already pay by far the majority of the taxes, and that a tax cut will reduce the portion of their money that the government takes. I'm not sure why the federal government or anyone has any claim to their hard-earned money.

The top income bracket also creates the vast majority of employment in this country, so freeing up capital will increase investment (employment.)
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Old 11-08-2017, 07:36 AM
 
3,496 posts, read 2,186,798 times
Reputation: 1950
Quote:
Originally Posted by Peer79 View Post
That's nice, but none of those links are what I would consider very objective sources. I am not some big Trump supporter, but rather someone in favor of limited government and laissez faire economics. I don't support corporate welfare or the greatly bloated social welfare you find in Cook County, for example. Cronyism is undesirable regardless of the parties involved. I don't support cronyism in regards to public employee unions, corporations like GM or Chrysler, nor welfare queens.

That said, any tax cuts will "favor" the wealthy if you frame the issue the way those articles you forwarded do. The articles don't mention that the wealthy already pay by far the majority of the taxes, and that a tax cut will reduce the portion of their money that the government takes. I'm not sure why the federal government or anyone has any claim to their hard-earned money.

The top income bracket also creates the vast majority of employment in this country, so freeing up capital will increase investment (employment.)
So only the wealthy work hard? I would argue that on average the typical middle class worker works harder than the ultra wealthy. It's about opportunity and wealth accumulation. Many in the lower and middle classes cannot get ahead because the system is designed to keep them down and it all starts with access to educational opportunities. The lower classes generally have limited or no access to quality education due to cost. Just look at Chicagoland. To get into a good public school system your family must earn median level income or better. Then the cost of a college education is outrageous and simply unaffordable to many.

This is VERY concerning and the current regime at the federal level is attempting to further exacerbate this inequality. How is this a good thing for most Americans?

Nine Charts about Wealth Inequality in America (Updated)
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Old 11-08-2017, 10:30 AM
 
263 posts, read 567,498 times
Reputation: 467
Quote:
Originally Posted by My Kind Of Town View Post
So only the wealthy work hard? I would argue that on average the typical middle class worker works harder than the ultra wealthy. It's about opportunity and wealth accumulation. Many in the lower and middle classes cannot get ahead because the system is designed to keep them down and it all starts with access to educational opportunities. The lower classes generally have limited or no access to quality education due to cost. Just look at Chicagoland. To get into a good public school system your family must earn median level income or better. Then the cost of a college education is outrageous and simply unaffordable to many.

This is VERY concerning and the current regime at the federal level is attempting to further exacerbate this inequality. How is this a good thing for most Americans?

Nine Charts about Wealth Inequality in America (Updated)
Don't put words in my mouth. I never said that only the wealthy work hard. Why should the government not cut taxes on everyone? I'm in favor of tax cuts for all. Why is the government entitled to anyone's money? Have big government, redistributionist policies yielded more success, or a more free-market approach? The examples abound and are not that hard to find.

And yet there are many in the lower and middle classes who do get ahead through hard work and grit. They generally have an internal locus of control and do not blame external sources for their situation. All things considered, America still offers one of the greatest opportunities in the world.

The link you sent, is from another questionable, social-justice oriented, neo-marxist source. I generally don't engage in anonymous internet dialogue, but you should broaden your source material and do more research.

I would advise you not to think in terms of rich and poor, or collective groups of any sort, but rather adopt an individualist mindset. And it also worth keeping in mind that the "rich" are not a fixed group, but rather a group that changes with time. Some years certain people fall into that dreaded 1%, and for the rest of their lives they do not fall into that category. Certain ethnic categories have a greater percentage of young people, which will also tend to skew their incomes and wealth lower. In general, people accrue more wealth as they get older.
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Old 11-08-2017, 11:04 AM
 
3,496 posts, read 2,186,798 times
Reputation: 1950
Quote:
Originally Posted by Peer79 View Post
Don't put words in my mouth. I never said that only the wealthy work hard. Why should the government not cut taxes on everyone? I'm in favor of tax cuts for all. Why is the government entitled to anyone's money? Have big government, redistributionist policies yielded more success, or a more free-market approach? The examples abound and are not that hard to find.

And yet there are many in the lower and middle classes who do get ahead through hard work and grit. They generally have an internal locus of control and do not blame external sources for their situation. All things considered, America still offers one of the greatest opportunities in the world.

The link you sent, is from another questionable, social-justice oriented, neo-marxist source. I generally don't engage in anonymous internet dialogue, but you should broaden your source material and do more research.

I would advise you not to think in terms of rich and poor, or collective groups of any sort, but rather adopt an individualist mindset. And it also worth keeping in mind that the "rich" are not a fixed group, but rather a group that changes with time. Some years certain people fall into that dreaded 1%, and for the rest of their lives they do not fall into that category. Certain ethnic categories have a greater percentage of young people, which will also tend to skew their incomes and wealth lower. In general, people accrue more wealth as they get older.
Why not cut taxes for everyone? Well I think that's really easy to answer, because we can't afford to. How long can we continue to run up monster federal deficits and national debt? Is there no limit, just continue to print money? Doesn't seem like a wise approach. They can't even come close to balancing the budget when we are in a relatively strong economic time of low unemployment and record breaking corporate profits. What will happen when the next recession hits?

So the question you need to be asking is how do we eliminate the deficit and growing national debt? The recently approved budget already cut billions from numerous social programs and healthcare, should they just continue taking from the less fortunate just so they can eliminate the estate tax, AMT, and provide pass throughs to the wealthiest of Americans? I wish more folks that fell in the wealthy class lived their life like Warren Buffet but I suppose it's human nature to always want more. There is a reason the Christian church identies greed as one of the seven deadly sins.
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Old 11-08-2017, 03:32 PM
 
263 posts, read 567,498 times
Reputation: 467
Quote:
Originally Posted by My Kind Of Town View Post
Why not cut taxes for everyone? Well I think that's really easy to answer, because we can't afford to. How long can we continue to run up monster federal deficits and national debt? Is there no limit, just continue to print money? Doesn't seem like a wise approach. They can't even come close to balancing the budget when we are in a relatively strong economic time of low unemployment and record breaking corporate profits. What will happen when the next recession hits?

So the question you need to be asking is how do we eliminate the deficit and growing national debt? The recently approved budget already cut billions from numerous social programs and healthcare, should they just continue taking from the less fortunate just so they can eliminate the estate tax, AMT, and provide pass throughs to the wealthiest of Americans? I wish more folks that fell in the wealthy class lived their life like Warren Buffet but I suppose it's human nature to always want more. There is a reason the Christian church identies greed as one of the seven deadly sins.
This is a good response, because it leaves me with a lot to work with. Let's start with the deficit. I agree that the deficit is out of control. Ask yourself this: How did the deficit get so large? Was it your favored socialist/communist programs or was it limited government capitalism that grew the deficit? Did you know that every year for the past few years the IRS collects a record dollar amount of taxes, but the deficit continues to increase. Should we just keep feeding the ever-expanding beast? Is the citizenry an endless well of taxes? How can the government "take from the poor" as you say? Government doesn't have anything, and it needs to take from someone else. Do you think that those evil rich would change their approach to life if taxes kept going up? Are they incentivized by ever increasing taxes? The rich have been demonized and given class guilt in the past in different time frames and throughout the world. The results have not been promising, in fact they have led to mass poverty, misery, and many, many dead bodies. I have to keep taking an empirical approach to this. It's not like we are discussing new ideas here that have never been experimented with.

The estate tax is incredibly immoral, and no different than grave-robbery to me. If there is a person who works hard, achieves success, and pays taxes on his income during his or her entire life, how is it possibly moral for the government to come in and claim more money now that he/she is dead? What do I care if he wants to bequeath his estate to his children. Am I that envious and resentful? Who gets to decide what group or individuals should receive the dead person's money?

The Christian reference is splendid to me. Christ calls upon us to follow his model and develop ourselves as individuals. What easier way is there to signal your virtue and feel good than with someone else's money? The alms-giving and charitable acts are to be done on an individual basis, not be compulsory through the force of the state. If the state forces me to do something, how is that a good deed? What say do I have in the matter? I have given plenty to charity and do so as a personal choice.

And since you mention sin, isn't pride/hubris one of the seven deadly sins? It is a sign of great pride/hubris to ascribe base or evil motives to others while you simultaneously self aggrandize through no work of your own. Just being public about your support for socialist policies or voting for someone like Bernie doesn't make you more virtuous.

Matthew 7.5

You hypocrite! First remove the beam out of your own eye,
and then you can see clearly to remove the speck out of your brother’s eye.

John 8.7

“He that is without sin among you, let him cast the first stone at her.”
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Old 11-08-2017, 03:58 PM
 
3,496 posts, read 2,186,798 times
Reputation: 1950
Quote:
Originally Posted by Peer79 View Post
This is a good response, because it leaves me with a lot to work with. Let's start with the deficit. I agree that the deficit is out of control. Ask yourself this: How did the deficit get so large? Was it your favored socialist/communist programs or was it limited government capitalism that grew the deficit? Did you know that every year for the past few years the IRS collects a record dollar amount of taxes, but the deficit continues to increase. Should we just keep feeding the ever-expanding beast? Is the citizenry an endless well of taxes? How can the government "take from the poor" as you say? Government doesn't have anything, and it needs to take from someone else. Do you think that those evil rich would change their approach to life if taxes kept going up? Are they incentivized by ever increasing taxes? The rich have been demonized and given class guilt in the past in different time frames and throughout the world. The results have not been promising, in fact they have led to mass poverty, misery, and many, many dead bodies. I have to keep taking an empirical approach to this. It's not like we are discussing new ideas here that have never been experimented with.

The estate tax is incredibly immoral, and no different than grave-robbery to me. If there is a person who works hard, achieves success, and pays taxes on his income during his or her entire life, how is it possibly moral for the government to come in and claim more money now that he/she is dead? What do I care if he wants to bequeath his estate to his children. Am I that envious and resentful? Who gets to decide what group or individuals should receive the dead person's money?

The Christian reference is splendid to me. Christ calls upon us to follow his model and develop ourselves as individuals. What easier way is there to signal your virtue and feel good than with someone else's money? The alms-giving and charitable acts are to be done on an individual basis, not be compulsory through the force of the state. If the state forces me to do something, how is that a good deed? What say do I have in the matter? I have given plenty to charity and do so as a personal choice.

And since you mention sin, isn't pride/hubris one of the seven deadly sins? It is a sign of great pride/hubris to ascribe base or evil motives to others while you simultaneously self aggrandize through no work of your own. Just being public about your support for socialist policies or voting for someone like Bernie doesn't make you more virtuous.

Matthew 7.5

You hypocrite! First remove the beam out of your own eye,
and then you can see clearly to remove the speck out of your brother’s eye.

John 8.7

“He that is without sin among you, let him cast the first stone at her.”
I take no sides in this "political" argument. I am disgusted by both major political parties. They are both acting in their own self-interest. THAT was my original premise and my first response in this thread.

You keep saying I favor socialism/communism. I do not. However, I do believe everyone in this country should be provided with a basic standard of living. I don't believe in simply leaving the less fortunate or disadvantaged behind because oh well Darwinism you know. Who will provide the disadvantaged class with a basic standard of living if not for the government? You really think men like Donald Trump will freely, willfully give to those in need as a personal choice? You have got to be kidding me. Even with the benefit of tax incentives for individuals of greater wealth and "forced" assistance through "socialist" programs, this country is still so far behind in helping the most disadvantaged classes (elderly, mentally and physically disabled, foster children, etc). I guess that's not your problem though. Clearly, you have not been personally affected by these "problems" otherwise I have a feeling you would have a completely different perspective on this. But tell me, what is your plan for these folks assuming government assistance is unavailable?

Last edited by My Kind Of Town; 11-08-2017 at 04:13 PM..
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