No More Bush Tax Cuts for the Wealthiest

[Dr Kynes]

and every time you fail to address the documented expansion and contraction of income inequality as it relates to historical tax rates, you make yourself look more and more like a paid poster with lots of creative abilities but no juice to attack the facts.

let's go back and cut to the chase of this thread: defend the successes of trickle down economics.

when the investment class has incentive to invest their money without punitive taxation, they are more likely to risk their money in investments that create jobs rather than hiding it in the tax free bond markets, foreign currency exchanges, or dancing horses.

the current tax scheme is designed to extract money from anyone who has it, regardless of their ability to afford the taxation. the rich, having the ability to hide their dough, do so. this money is taken out of circulation and placed in investments that will prevent it's seizure by the tax man. those of us who live on our wages have no such ability to hide our income and thus take the full brunt of the tax man's wrath.

when the wealthy must hide their wealth or risk losing it to the government's greed, industry suffers, the economy suffers and the lowly wage earner is squeezed harder to get as much gravy as possible to feed the tax man's insatiable lust for green.

if the tax rates were flattened, and many of the exemptions and loopholes were closed more wealth would be invested in our economy instead of being sequestered in the back yard as a sack full of krugerands.

likewise reducing the regulatory burden on industry (especially small start ups and small-medium businesses) would help to reduce the extraction of america's industry from manufacturing to agriculture and maybe bring some of that shit home with the judicious use of tariffs and import taxes.

further, all US corporations who employ workers overseas should be required to pay into OUR social security, workers comp, and unemployment insurance systems just as if they were employing US citizens at the same wage. this would place upon those who employ foreign workers the same wage pressures that US employers must bear.

 

[Harrekin]

when the investment class has incentive to invest their money without punitive taxation, they are more likely to risk their money in investments that create jobs rather than hiding it in the tax free bond markets, foreign currency exchanges, or dancing horses.

the current tax scheme is designed to extract money from anyone who has it, regardless of their ability to afford the taxation. the rich, having the ability to hide their dough, do so. this money is taken out of circulation and placed in investments that will prevent it's seizure by the tax man. those of us who live on our wages have no such ability to hide our income and thus take the full brunt of the tax man's wrath.

when the wealthy must hide their wealth or risk losing it to the government's greed, industry suffers, the economy suffers and the lowly wage earner is squeezed harder to get as much gravy as possible to feed the tax man's insatiable lust for green.

if the tax rates were flattened, and many of the exemptions and loopholes were closed more wealth would be invested in our economy instead of being sequestered in the back yard as a sack full of krugerands.

likewise reducing the regulatory burden on industry (especially small start ups and small-medium businesses) would help to reduce the extraction of america's industry from manufacturing to agriculture and maybe bring some of that shit home with the judicious use of tariffs and import taxes.

further, all US corporations who employ workers overseas should be required to pay into OUR social security, workers comp, and unemployment insurance systems just as if they were employing US citizens at the same wage. this would place upon those who employ foreign workers the same wage pressures that US employers must bear.

The regulations on small business is ridiculous. I can start a company here in 15 mins. If I serve food there's safety regulations to be followed and I have to register with the Revenue.

You guys have to pray to the Business Gods on the first Full Moon of Springtime, and after that still have to jump through hoops to get licenses and permits, it's crazy.

 

[Mr Neutron]

what if you don't know what kind of a house you can afford and the bank misleads you into thinking you can buy more than you can afford? what if multiple banks and their advice giving subsidiaries collude to convince the populace that they can afford more house than they really can?

a lot of otherwise intelligent people could get duped into buying more house than they can afford.

While this may not be the most ridiculous thing I have ever read/heard but it is VERY close.

the bible and morality are one in the same here in the states, like it or lump it. probably the first lesson of inside baseball.

I stand corrected.

 

[Mr Neutron]

demonstrably false. but A+ on the rest of your fancy argument based upon a false premise.

income inequality inversely correlates with tax rates.

Another graph... too bad you can't read it.

 

[Mr Neutron]

Ever play the game Monopoly?
What happens when one person owns the majority of the Board?

Life isnt a game

rotflmfao... thank you, I always like to start the day off with a good laugh.

 

[Mr Neutron]

Dr Erudite Kynes

 

[abandonconflict]

Go buy a house Mr. Neutered.

 

[bedspirit]

when the investment class has incentive to invest their money without punitive taxation, they are more likely to risk their money in investments that create jobs rather than hiding it in the tax free bond markets, foreign currency exchanges, or dancing horses.

the current tax scheme is designed to extract money from anyone who has it, regardless of their ability to afford the taxation. the rich, having the ability to hide their dough, do so. this money is taken out of circulation and placed in investments that will prevent it's seizure by the tax man. those of us who live on our wages have no such ability to hide our income and thus take the full brunt of the tax man's wrath.

when the wealthy must hide their wealth or risk losing it to the government's greed, industry suffers, the economy suffers and the lowly wage earner is squeezed harder to get as much gravy as possible to feed the tax man's insatiable lust for green.

if the tax rates were flattened, and many of the exemptions and loopholes were closed more wealth would be invested in our economy instead of being sequestered in the back yard as a sack full of krugerands.

likewise reducing the regulatory burden on industry (especially small start ups and small-medium businesses) would help to reduce the extraction of america's industry from manufacturing to agriculture and maybe bring some of that shit home with the judicious use of tariffs and import taxes.

further, all US corporations who employ workers overseas should be required to pay into OUR social security, workers comp, and unemployment insurance systems just as if they were employing US citizens at the same wage. this would place upon those who employ foreign workers the same wage pressures that US employers must bear.

This would be a powerful argument if taxes weren't already the lowest they've been in 70 years.

 

[Mr Neutron]

This would be a powerful argument if taxes weren't already the lowest they've been in 70 years.

What were they 100 years ago?

 

[beenthere]

Lefties are too fucking concerned with what other people have, in fact it's repulsive.
Instead of worrying about their own financial matters, they obsess about the people who have more.
We always hear how the super wealthy make it hard for the middle class and poor to succeed. Do you think people making $170,000 and over are bitching, hell no, they're too focused on making their lives comfortable. That class of people is not rich by any means but they're comfortable where they are at, or striving for more.

IDEA! If you feel you are not where you want to be financially, then I suggest you get your ass off the internet and start doing something about it. Because the continued whining and crying about others making it hard for you, will only keep you whiners and criers.

 

[abandonconflict]

99% is just a bunch of whiners and criers...

 

[Grandpapy]

when the investment class has incentive to invest their money without punitive taxation, they are more likely to risk their money in investments that create jobs rather than hiding it in the tax free bond markets, foreign currency exchanges, or dancing horses.

the current tax scheme is designed to extract money from anyone who has it, regardless of their ability to afford the taxation. the rich, having the ability to hide their dough, do so. this money is taken out of circulation and placed in investments that will prevent it's seizure by the tax man. those of us who live on our wages have no such ability to hide our income and thus take the full brunt of the tax man's wrath.

when the wealthy must hide their wealth or risk losing it to the government's greed, industry suffers, the economy suffers and the lowly wage earner is squeezed harder to get as much gravy as possible to feed the tax man's insatiable lust for green.

if the tax rates were flattened, and many of the exemptions and loopholes were closed more wealth would be invested in our economy instead of being sequestered in the back yard as a sack full of krugerands.

likewise reducing the regulatory burden on industry (especially small start ups and small-medium businesses) would help to reduce the extraction of america's industry from manufacturing to agriculture and maybe bring some of that shit home with the judicious use of tariffs and import taxes.

further, all US corporations who employ workers overseas should be required to pay into OUR social security, workers comp, and unemployment insurance systems just as if they were employing US citizens at the same wage. this would place upon those who employ foreign workers the same wage pressures that US employers must bear.

But today we have New class of investors, from 3rd world countries, who could really give a shit weather you sleep in a car or underneath it.
Profit or Die!
Hell they don't even have to pay a us tax on their earnings.

 

[canndo]

Lefties are too fucking concerned with what other people have, in fact it's repulsive.
Instead of worrying about their own financial matters, they obsess about the people who have more.
We always hear how the super wealthy make it hard for the middle class and poor to succeed. Do you think people making $170,000 and over are bitching, hell no, they're too focused on making their lives comfortable. That class of people is not rich by any means but they're comfortable where they are at, or striving for more.

IDEA! If you feel you are not where you want to be financially, then I suggest you get your ass off the internet and start doing something about it. Because the continued whining and crying about others making it hard for you, will only keep you whiners and criers.

Nice diversion - you look like eastwood talking to someone who isn't there. No one cares about the rich's wealth, they care about what they are doing with it.


there are 20 people in a boat and the boat is leaking. 19 of the people are taking all their time to bail because the boat is sinking but there is one fat guy in the corner who is drinking gin and making fun of the 19 bailers - oh sure, every now and again he uses his gin glass to scoop up a glass of sea water and pour it over the side, but not often.

and the others, while they are bailing, are taking notice of the fat guy with the bottle of gin. THAT is how we view the very wealthy.

 

[bedspirit]

What were they 100 years ago?

If only we could go back to that America of 100 years ago. Back when employers paid no tax and people had to work 14 hours a day, 6 days a week at slave wages. What a beautiful time. Do you suppose that's the America people long for? Or do you suppose it's the America from the forties and fifties? Back when the top marginal rate was 94%.

 

[cannabineer]

Predatory lending? Are you fucking serious?

The people applied to the bank for the loan of their own free will.

Predatory lending? You populist little leftie noob, "it wasn't the alcoholic drinking that was the problem, the guy in the liquor store is to blame".

Excuses excuses excuses.

You should have seen the ads for financial products on American TV before the bottom fell out. Increasingly dubious finance products were being marketed with increasing vigor. Yes; predation was in the air. cn

 

[Grandpapy]

Nice diversion - you look like eastwood talking to someone who isn't there. No one cares about the rich's wealth, they care about what they are doing with it.


there are 20 people in a boat and the boat is leaking. 19 of the people are taking all their time to bail because the boat is sinking but there is one fat guy in the corner who is drinking gin and making fun of the 19 bailers - oh sure, every now and again he uses his gin glass to scoop up a glass of sea water and pour it over the side, but not often.

and the others, while they are bailing, are taking notice of the fat guy with the bottle of gin. THAT is how we view the very wealthy.

Come on, give the fat guy a break, he's got the only life preserver, that makes it very difficult to bend over and scoop water so every time he does it is equal to 10 of yours.

 

[bedspirit]

Lefties are too fucking concerned with what other people have, in fact it's repulsive.
Instead of worrying about their own financial matters, they obsess about the people who have more.
We always hear how the super wealthy make it hard for the middle class and poor to succeed. Do you think people making $170,000 and over are bitching, hell no, they're too focused on making their lives comfortable. That class of people is not rich by any means but they're comfortable where they are at, or striving for more.

IDEA! If you feel you are not where you want to be financially, then I suggest you get your ass off the internet and start doing something about it. Because the continued whining and crying about others making it hard for you, will only keep you whiners and criers.

Some might say that the system is rigged. Do you suppose just anyone can work hard and make $170,000 a year? That's about double what the CEO of the last company I worked for made. I think the distribution of wealth thing is a bit of a mystery to you.
Though, no doubt you're right. Someone making $170,000 a year probably isn't bitching. Well... they might be bitching about welfare and the fact that the gov't taxes their dividend checks.

 

[UncleBuck]

Go buy a house Mr. Neutered.

*hooker

.......

 

[UncleBuck]

Lefties are too fucking concerned with what other people have, in fact it's repulsive.

this would be funny if it didn't fail so hard.

remember this?

https://www.rollitup.org/technology-science/546151-what-kind-vehicle-do-you.html

and this?

https://www.rollitup.org/politics/538629-there-anyone-here-decent-math.html

seems like you're the one who is concerned with what others have. so much fail.

start worrying more about your own nitrogen (or lack thereof).

 

[Grandpapy]

Fuel prices didn't cause local government to go belly up. The housing crash stripped them of income (property taxes fund local governments). Fuel costs are a very small part of a city's expenses, property taxes make up 90%+ of their income.

Of the three, city govt. has the lowest fuel usage and this is the result, http://www.policechiefmagazine.org/magazine/index.cfm?fuseaction=display_arch&article_id=1688&issue_id=122008

Note: this is only ONE dept. in the city.