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Asthe comissio appointed by Obama hiomself said you can taxs the rich all you want but it wil not solve the deficit problem. Three entitlement program growth assure that alone. Anyone think generally people are better offf sicne the welath sharig strated i the mid 60s?Its just more foteh same as the smartest i the room just adjust to keep the welth and not spreadig it aroud as there is as much for them to spread.Greece comes to mind i that they do't eve have much productio to grow now days and their borrowig to support their wealth sharing as become every exensive.Its liberals remmber who are makig those huge cuts in Greece.
Asthe comissio appointed by Obama hiomself said you can taxs the rich all you want but it wil not solve the deficit problem. Three entitlement program growth assure that alone. Anyone think generally people are better offf sicne the welath sharig strated i the mid 60s?Its just more foteh same as the smartest i the room just adjust to keep the welth and not spreadig it aroud as there is as much for them to spread.Greece comes to mind i that they do't eve have much productio to grow now days and their borrowig to support their wealth sharing as become every exensive.Its liberals remmber who are makig those huge cuts in Greece.
There is no deficit problem. Until full employment is reached there is a deficit solution.
So..................................... what do you do when these "taxes on the rich" fail to produce any significant revenue and the impact on small business increases unemployment?
Well is has already been proven in a few states that did increase taxes on the upper class.
Revenue actually went down the next year.
What do I think they'll do...there's over $18 trillion sitting in retirement accounts. http://www.ici.org/research/stats/re...et_12_q2.print
For 2 years there's been talk, meetings, public panels on nationalizing individual retirement accounts and providing Americans with pensions. I think that's where they will head for money if it gets dire enough.
As long as Ben keeps printing and buying along with some foreign countries we'll still float along incurring more and more debt but sooner or later they won't be able to do that anymore.
Argentina did it so don't think it can't be done.
Last edited by HappyTexan; 11-19-2012 at 04:03 PM..
Location: By the sea, by the sea, by the beautiful sea
68,329 posts, read 54,389,283 times
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Quote:
Originally Posted by hawkeye2009
Obama is obsessed with increasing taxes on "the rich" in spite of evidence showing that this measure only generates an additional $80 billion per year, while we have deficits of $1.2 trillion per year. Obviously, this is a drop in the bucket and does nothing to address our fiscal woes. In fact, if every single one of "the rich" (those making over $250K per year) were ENSLAVED and gave 100% of thier income to the government, it would only generate $900 billion per year (even with slaves, we would have an annual deficit).
So what next, libs? Income tax increases will do little, if anything to make a dent in the annual deficits, let alone the debt.
A VAT tax of 15% would raise $1.3 trillion per year (wiping out annual deficits), however our politicians lack the will to initiate such a tax and the feds would simply blow the "surplus" anyway.
So..................................... what do you do when these "taxes on the rich" fail to produce any significant revenue and the impact on small business increases unemployment?
Why are you, righty that you are, the people who constantly cry about the US becoming Europe, proposing a 15% VAT which is about as Euiropean as you can get?
Obama is obsessed with increasing taxes on "the rich" in spite of evidence showing that this measure only generates an additional $80 billion per year, while we have deficits of $1.2 trillion per year. Obviously, this is a drop in the bucket and does nothing to address our fiscal woes. In fact, if every single one of "the rich" (those making over $250K per year) were ENSLAVED and gave 100% of thier income to the government, it would only generate $900 billion per year (even with slaves, we would have an annual deficit).
So what next, libs? Income tax increases will do little, if anything to make a dent in the annual deficits, let alone the debt.
A VAT tax of 15% would raise $1.3 trillion per year (wiping out annual deficits), however our politicians lack the will to initiate such a tax and the feds would simply blow the "surplus" anyway.
So..................................... what do you do when these "taxes on the rich" fail to produce any significant revenue and the impact on small business increases unemployment?
Very real, demonstrable negative outcomes are not "straw man arguments." Many people lost jobs throughout a wide variety of industries as the money that supported the regional economy stopped flowing into that economy because of the federal government's disincentive program... aka, higher taxes on those who can spend the most. They stop spending; entire regional economies bear the brunt of the negative economic consequences.
So..................................... what do you do when these "taxes on the rich" fail to produce any significant revenue and the impact on small business increases unemployment?
Then it is time to confiscate the assets of the rich and sell them at auction to generate more revenue.
Then it is time to confiscate the assets of the rich and sell them at auction to generate more revenue.
Who is gonna buy them if they would be the ones who attended the auctions ?
But they can't cause you took everything from them.
THINK
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