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Old 12-12-2012, 10:08 AM
 
Location: Great State of Texas
86,052 posts, read 84,450,777 times
Reputation: 27720

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Quote:
Originally Posted by ColonelStraker View Post
Barack plans on spending the revenue rasied by tax increases on new programs when the people think the government is going to use the money to pay down the debt.
I agree. There will be no reduction in spending nor will we pay down the debt.
It would have to be forced on us but they are going to do something at the last minute to avoid that.
Neither party wants their pork cut.
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Old 12-12-2012, 10:10 AM
 
45,540 posts, read 27,157,256 times
Reputation: 23859
Quote:
Originally Posted by ColonelStraker View Post
Barack plans on spending the revenue rasied by tax increases on new programs when the people think the government is going to use the money to pay down the debt.
The thing is there will be an immediate increase before tax revenues decrease. Eventually the government will get less money in the long run.
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Old 12-12-2012, 10:11 AM
 
Location: Prepperland
19,012 posts, read 14,191,607 times
Reputation: 16727
If spreading wealth was all that was needed, let's just resolve the problem once and for all.

I decree that tomorrow, every American shall have 44 billion quatloos credited to his account.
Everybody will be filthy rich... and equally so.

However, there will be a slight problem spending that wealth if no one bothers to go to work, or haul raw materials, or manufacture goods, or do anything productive. Can't order take out food if nobody slogs to work and cooks. Can't go to the theater if no actor shows up. Who's going to fix the broken toilet? Can't find a plumber to hire.

Let's wake up - - - wealth is not prosperity, and spreading the wealth is no solution.
And penalizing the producers and rewarding the consumers is not going to build prosperity, either.

Keep whipping up a frenzy and blame the "rich" for all your problems.

But some of us know exactly what is going on - the predatory socialists like to use envy to hide their own piratical aims.
Socialism is nothing less than government sponsored slavery and thievery wrapped in rhetoric.
What else can you call compulsory labor for the benefit of another?
What else can you call expropriation of one's property for the benefit of another?
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Old 12-12-2012, 10:34 AM
 
Location: The Triad
34,088 posts, read 82,929,741 times
Reputation: 43660
Quote:
Originally Posted by HappyTexan View Post
So, since you think the wealthy aren't spending their money wisely, namely on you, you are going to take it from them so that you can give it to yourself.
Is that right ?
Nope. I have plenty of my own money tyvm.

But they (and even me too) still aren't using their money wisely.
They need to be "encouraged" to act in ways that will help the country
and even themselves in the long term or penalized for being contrary and obstinate.

(in my case I'm early into retirement and have been reluctant to take on much risk...
but I too could and probably should be doing more aggressively than I am now.
But that concern isn't about the possible tax penalty on a successful venture.)

Quote:
How is taxing going to get you better wages from the very people you just taxed more?
Who said they are taxed more?
If they pay more they have only themselves (or bad accountants) to blame.

The ONLY question is what will they do with that money aside from hoarding and offshoring it?
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Old 12-12-2012, 10:37 AM
 
Location: Great State of Texas
86,052 posts, read 84,450,777 times
Reputation: 27720
Quote:
Originally Posted by MrRational View Post
Nope. I have plenty of my own money tyvm.

But they still aren't using their money wisely.
They need to be "encouraged" to act in ways that will help the country
and even themselves in the long term. or penalized for being contrary and obstinate.



Who said they are taxed more?
If they pay more they have only themselves (or bad accountants) to blame.

The ONLY question is what will they do with that money aside from hoarding and offshoring it?
Most multinationals are making their profits from other countries.
Just read their annual reports.
Those same companies are reinvesting their money and expanding in those countries.
They are creating jobs and helping economies to grow.

Put on your global worker cap there my friend.
You're not getting their money and you're mad.
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Old 12-12-2012, 10:43 AM
 
Location: The Triad
34,088 posts, read 82,929,741 times
Reputation: 43660
Quote:
Originally Posted by HappyTexan View Post
Those same companies are reinvesting their money and expanding in those countries.
They are creating jobs and helping (those other) economies to grow.
Think about that some more.
Get back to us when you figure out the missing piece of the puzzle.
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Old 12-12-2012, 10:46 AM
 
Location: Great State of Texas
86,052 posts, read 84,450,777 times
Reputation: 27720
Quote:
Originally Posted by MrRational View Post
Think about that some more.
Get back to us when you figure out the missing piece of the puzzle.
It's globalization, like it or not. There are going to be winners and losers.
We're on the losing side because our standard of living is going down.
And there's nothing the US can do to stop it.

So you better start figuring out a way to live in this global economy as a global citizen making less money than you used to.

I did my share of outrage at what was happening 20 years ago.
So did Ross Perot.

No one listened because it was not so obvious.
Now it's in your face but it's too late.
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Old 12-12-2012, 10:56 AM
 
Location: The Triad
34,088 posts, read 82,929,741 times
Reputation: 43660
Quote:
Originally Posted by HappyTexan View Post
It's globalization, like it or not. There are going to be winners and losers.
We're on the losing side because our standard of living is going down.
I largely agree with this but it is still a different discussion.

Or did you have some other point?
Maybe something about ways to motivate a re-investment in the US?
Or in the alternative... maybe something about reducing the US population by 50%?
(so everyone remaining can have a well paying and meaningful job?)

Any ideas at all?
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Old 12-12-2012, 11:02 AM
 
10,092 posts, read 8,202,186 times
Reputation: 3411
Quote:
Originally Posted by workingclasshero View Post
raise the taxes on the wealthy....

funny thing the stupid democrats cant even define wealthy

btw wealth is not INCOME

raising the INCOME TAX on the highest bracket...from 36% to whatever will NOT TAX THE WEALTHY

you could raise the rate from 36% to 90% and WARREN BUFFETT would not pay one penny more that he alreay pays.....(((his WAGE INCOME..is only 100k)


the freaking liberals are the most stupidest lot in the country..they all should be sent packing to siberia
My understanding is that taxing capital gains at a higher rate is going to be on the table too. If the Bush tax cuts expire they're going up from 15% to 20% anyway.
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Old 12-12-2012, 11:04 AM
 
31,387 posts, read 37,035,296 times
Reputation: 15038
Quote:
Originally Posted by Bulldogdad View Post
Well duh, You knew that when dumbasses of this country reelected him. Yes many of my family and friends are dumbasses.
At some point you should start to wonder, "is it them, or is it me?"
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