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Old 07-20-2012, 11:10 AM
 
Location: Dallas, TX
31,767 posts, read 28,833,891 times
Reputation: 12341

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Quote:
Originally Posted by InformedConsent View Post
I could, but then you and your ilk ask for proof. So I just cut to the chase and provided the proof. No need to argue opinions. Facts are facts.
LOL, and something you think the article does for you, especially since you can't put forth your own argument and explanation that I'm getting tired of asking for.
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Old 07-20-2012, 11:16 AM
 
Location: the very edge of the continent
89,060 posts, read 44,877,895 times
Reputation: 13718
Quote:
Originally Posted by EinsteinsGhost View Post
LOL, and something you think the article does for you, especially since you can't put forth your own argument and explanation that I'm getting tired of asking for.
Wow. You'll do pretty much anything to avoid reading, learning, and thinking for yourself.
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Old 07-20-2012, 06:56 PM
 
Location: Long Island
57,322 posts, read 26,245,816 times
Reputation: 15654
Quote:
Originally Posted by InformedConsent View Post
Consider how many houses and businesses are sold each year. The bulk of the advantage of a low capital gains tax rate does NOT go to only a select few.
I never indicated it went to a select few, but the individuals at the top are the largest beneficiaries, cashing in a few million shares of a stock at 15% is a great advantage.
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Old 07-20-2012, 07:08 PM
 
Location: Long Island
57,322 posts, read 26,245,816 times
Reputation: 15654
Quote:
Originally Posted by InformedConsent View Post
Yes, they are. The lesser income groups are raking in government cash hand over fist. That cash comes from those who actually do pay federal income tax (only 49%).

The Chairman of the Economics Department at Harvard University analyzes the outcome of those continued tax cuts to lesser income groups...Greg Mankiw's Blog: The Progressivity of Taxes and Transfers

It's clear to see who has benefitted the most from the tax cuts. It's those who actually get more money, etc., FROM the federal government than they pay TO the government: The bottom 60%.
This is the largest depression since the 1930's, why wouldn't you expect those at the bottom to receive more than they pay, isn't that the purpose of government social support programs. Since 2008 we have around 10% unemployment, more people on food stamps, welfare, disability, of course they will require more funding.
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Old 07-20-2012, 07:11 PM
 
Location: the very edge of the continent
89,060 posts, read 44,877,895 times
Reputation: 13718
Quote:
Originally Posted by EinsteinsGhost View Post
LOL, and something you think the article does for you, especially since you can't put forth your own argument and explanation that I'm getting tired of asking for.
Why argue with me when you can embarrass yourself trying to match wits with the Harvard economist?
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Old 07-20-2012, 07:18 PM
 
Location: the very edge of the continent
89,060 posts, read 44,877,895 times
Reputation: 13718
Quote:
Originally Posted by Goodnight View Post
This is the largest depression since the 1930's, why wouldn't you expect those at the bottom to receive more than they pay?
Well, hell, why should anyone work at all when the government can just provide everything everyone needs?
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Old 07-20-2012, 08:00 PM
 
Location: Long Island
57,322 posts, read 26,245,816 times
Reputation: 15654
Quote:
Originally Posted by InformedConsent View Post
Well, hell, why should anyone work at all when the government can just provide everything everyone needs?
Yes when time are bad let's just put them on the streets, rather than living the good life of public assistance.
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Old 07-20-2012, 08:40 PM
 
Location: the very edge of the continent
89,060 posts, read 44,877,895 times
Reputation: 13718
Quote:
Originally Posted by Goodnight View Post
Yes when time are bad let's just put them on the streets, rather than living the good life of public assistance.
Necessity is the mother of invention.

Those receiving public assistance have a birth rate 3 times those who don't. They've been accepting paychecks to breed for decades. How's that working out for the exponential number of children condemned to a life of struggle and hardship?
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Old 07-20-2012, 08:56 PM
 
Location: Indiana
2,046 posts, read 1,575,495 times
Reputation: 396
Quote:
Originally Posted by Fiddlehead View Post
Let's be honest for a minute. Even if all the Bush II tax cuts were relaxed, we would only be going back the the Clinton era tax levels. This was not the end of the world. I understand the logic of extending the cuts a bit because of the recession and constrained demand. But it is only a defibrillator treatment for the economy, not a sustainable tax policy.

The drive by the GOP to make all the tax cuts permanent, and to call any sensible expiration of these tax cuts to be a massive tax hike, is nothing less than an insurgent strategy straight from Grover Norquist. The only way to balance the budget at such low tax rates is to axe thousands of federal jobs and benefits for the poorest in society in these difficult times, permanently. Taking the axe to the government is a far right wet dream, but undermining basic services and destroying middle class jobs is not going to make our country stronger. It is an aggressive, almost fascist agenda, and considering the dire straights of the middle class, spectacularly foolish.

I know that I, and I suspect most of you, were doing better in the Clinton years. So returning to some fo those fiscal policies sounds much better than what we have now.
government worker are way better off then those people who work for private businesses, they can afford a cut, or at least a freeze on their yearly earning! Obama didn't need the Bush tax cut repealed because he got a huge stimulus of over a trillion dollars witch did nothing for our economy. i believe Obama is a socialist or a communist either way we Americans know those types economies eventually collapse. there is only one class in Obama's world and that is the lower class and those people who think they are smarter then everyone else one of witch is Obama he is the smart one, of course according to him! smarter then everyone in the U.S.A. almost like a dictator! yea he so smart!!
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Old 07-20-2012, 09:07 PM
 
664 posts, read 774,020 times
Reputation: 922
I'll support going back to Clinton tax levels if we can go back to Clinton spending levels. Anyone who thinks that rolling back the tax levels to pre Bush levels is going to magically balance the budget needs their head examined. The spending is 3.6 Trillion plus, the highest tax receipts from Clinton levels didn't come close to 3 Trillion.
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