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I'm not ignorant. I posted facts. You're the one who posted a chart that FAILS to account for the 36.2% of the working-age people who AREN'T working.
You should try absorbing some facts, there are working ppl not paying taxes (some with income in the top 1%) and there are ppl not working that are paying taxes, me for one. There is no direct correlation between work force participation rates and the percentage of ppl paying taxes.
People invest when there is a demand for something. There's a reason why companies are sitting on trillions in cash... Let's not put the cart before the horse here.
A balanced plan of modest taxes increases for all, targeted spending cuts, and SS and healthcare reform would do the trick.
They also invest to create new products for which no demand yet exists, witness the IPod, IPad et al (your flat-earth thinking is busting your b*lls)
The reason they are sitting on their cash, BTW is a rather tall guy from Hawaii named Barack Obama.
I agree, modest tax increases by getting the parasites to start paying, are called for.
They should pay 10% or so after examption and standard deduction (or itemized if that works out better).
Those darn 47% "mooches" are retirees, students and people who work harder than starlets wading in the pool but just earn too little to be assessed income tax.
It doesn't matter who they are (we treat people equally in US).
Where did you get the flat-earth idea that they earn too little? (Oh yes, I forgot - the Flat Earth Society told you so). They used to pay until they invented Unearned Tax Credits.
You really need to asses your flat earth thinking. I have an idea. Go to a broad beach and look at the ocean. You will notrice the horizon is curved - because only in your thinking and your posts, is it flat.
BSEvery device you list is simply an advancement on existing technology. Ask anyone with RIMM stock or a Blackberry in their pocket. IPhones simply took customers from other businesses with the newest shiny object. They didn't created new demand. Ipod, Walkman, iPad, notebooks.
Quote:
Originally Posted by Robin Rossi
They also invest to create new products for which no demand yet exists, witness the IPod, IPad et al (your flat-earth thinking is busting your b*lls)
The reason they are sitting on their cash, BTW is a rather tall guy from Hawaii named Barack Obama.
I agree, modest tax increases by getting the parasites to start paying, are called for.
They should pay 10% or so after examption and standard deduction (or itemized if that works out better).
BSEvery device you list is simply an advancement on existing technology. Ask anyone with RIMM stock or a Blackberry in their pocket. IPhones simply took customers from other businesses with the newest shiny object. They didn't created new demand. Ipod, Walkman, iPad, notebooks.
Yes, I suppose all those exisiting technologies just grow on trees somewhere.
Talk about not seeing the forest for the trees. New products create new demand, whether they spring from whole cloth or are advancements. Anytime a single person decides to buy something, that is New Demand, whatever the product it.
Please try to follow the essence of the post, and stop looking for possible gotha moments. You'll be able to contribute that way.
They don't have to. The government spent over $1 Trillion on 83 different means-tested federal welfare programs in fiscal year 2011, which makes means-tested welfare the government’s largest expenditure according to Senate Budget Committee data.
(Sources: Spending for Federal Benefits and Services for People With Low Income, FY08-FY11, The Oxford Handbook of State and Local Government Finance)
Quote:
Is it surprising so many people still aren't working after the second greatest economic downturn in the modern times?
They don't have to. The government spent over $1 Trillion on 83 different means-tested federal welfare programs in fiscal year 2011, which makes means-tested welfare the government’s largest expenditure according to Senate Budget Committee data.
(Sources: [URL="http://www.scribd.com/doc/110366590/Spending-for-Federal-Benefits-and-Services-for-People-With-Low-Income-FY08-FY11"]Spending for Federal Benefits and Services for People With Low Income, FY08-FY11[/URL], The Oxford Handbook of State and Local Government Finance)
4 years later? Yes, it is surprising. But then again, Obama is the modern day FDR. Be prepared for an EXTENDED lackluster economic environment.
[URL="http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx"]FDR's policies prolonged Depression by 7 years, UCLA economists calculate / UCLA Newsroom[/URL]
Will Obama break FDR's 7-year record? He's already 4 years into it.
It's almost like Americans are gluttons for punishment. They kept re-electing FDR even though he screwed the nation royally,
Ditto DumbObama.
PT Barnum said somethat on this subject - there's a sucker born every minute!!!!!!
It's almost like Americans are gluttons for punishment. They kept re-electing FDR even though he screwed the nation royally,
Ditto DumbObama.
PT Barnum said somethat on this subject - there's a sucker born every minute!!!!!!
You're starting to get tiresome. Obama's so dumb he won a second term against impossible odds. That just kills you, doesn't it. Well never let them see you cry Robin. Now go to bed. You are done here.
H
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