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How do you transfer wealth from the middle class to the rich? give the middle class a tax hike. The payroll tax hike in the 1990's then give the rich a tax brake. GW in the '00's.
"Easy for them to say, they have no skin in the game." Ya right the rich got a tax brake so that they could create jobs with the money. Where did they create the jobs? China and India. Every one has a skin in the game. The payroll tax is paid by the bottom half and the income tax by the top half.
So the middle class tax increase to pay for theri own services were not warranted..guess it is ok for the wealthy to pay for everyone elses services...that is the "FAIR" way to do it...
Which brings up another point. The "rich" and those "evil corporations" are the ones who hire people to begin with (at least in the private sector). They don't destroy the middle class they MAKE people middle class to begin with. When was the last time a poor person hired anyone?
And they are doing it in China and India not here.
"When was the last time a poor person hired anyone?" You are really good at reciting the rhetoric. But do you know what it means? The poor people are who pay the rich person's bills buy buying their goods and services.
The rich and wealthy corporations have done very well in the past decade, even as they have decimated the middle class by outsourcing their jobs. Now they want all of the budget balancing to be done in the form of cuts to Medicare, foodstamps, welfare, etc - all the programs that are keeping the middle afloat, and the poor alive.
Why don't they just vote to kill everyone except themselves and be done with it?
Obama would just be allowing the previous tax cuts for the rich expire - do they want to give one penny away? No, because they are rich, selfish and greedy.
'With the clock ticking toward an Aug. 2 deadline, senior Republicans said negotiations led by Vice President Joe Biden had ceased making headway as congressional Democrats pressed for as much as $400 billion in new taxes on corporations and the nation's wealthiest households.'
So the middle class tax increase to pay for theri own services were not warranted..guess it is ok for the wealthy to pay for everyone elses services...that is the "FAIR" way to do it...
OK if the rich had used the extra money they got in the tax brakes to grow the middle class I'd say you had a point.
In the last bubble this is what happened. People borrowed money in foreign countries and bought bonds in the US. Those bonds were used to finance the buying of consumer goods and houses. That is what set up the mess we are in. Upping the top tax rate will tend to keep this from happening again. I think that this is "Fair".
The rich and wealthy corporations have done very well in the past decade, even as they have decimated the middle class by outsourcing their jobs. Now they want all of the budget balancing to be done in the form of cuts to Medicare, foodstamps, welfare, etc - all the programs that are keeping the middle afloat, and the poor alive.
Why don't they just vote to kill everyone except themselves and be done with it?
Obama would just be allowing the previous tax cuts for the rich expire - do they want to give one penny away? No, because they are rich, selfish and greedy.
'With the clock ticking toward an Aug. 2 deadline, senior Republicans said negotiations led by Vice President Joe Biden had ceased making headway as congressional Democrats pressed for as much as $400 billion in new taxes on corporations and the nation's wealthiest households.'
And they are doing it in China and India not here.
"When was the last time a poor person hired anyone?" You are really good at reciting the rhetoric. But do you know what it means? The poor people are who pay the rich person's bills buy buying their goods and services.
Ha, ha chuckles...your clueless.
Again, if our President and congress would pass more business friendly laws, Business would look ot hire more...geez, stop shining and blaming others.
Yes, poor people buy goods...but do not hire people. And what is your point?
Its a free market, people can buy what ever they want...
Unless you're self employed .. I'm guessing that they gave you .. a job!?
Let us see if we upped the minimum wage by 4X then we would have a bigger tax base on the bottom end and more income on the bottom end as well and the would tend to push the prices of houses higher and the will undo the popping of the last bubble. There are about 20% of the workforce that is out of work. Where are the Jobs that the rich are supposed to be giving them? Like an entitlement? You earn your pay by working hard.
What tax break? Did I miss something? Or is it the "we didn't raise it so its considered a tax break" logic?
I received no tax break.
Must have been the 1% payroll tax you got this yr...as did everyone else...
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