Superfreak
Verified User
exactly. Neither party has an interest in spending cuts. The larger the amount they can spend, the more power they hold over the rest of us.
Tax The Rich Enough To Cover The Deficit.
- Thread starter PoliTalker
- Start date
exactly. Neither party has an interest in spending cuts. The larger the amount they can spend, the more power they hold over the rest of us.
It's not spending that caused deficits to appear; it was useless tax cuts.
PostmodernProphet
fully immersed in faith..
You already soak the rich....
Teflon Don
I'm back baby
Gee we tax the rich doing away with SALT and leftists have a meltdown
The OP is full of it
The OP is full of it
PoliTalker
Diversity Makes Greatness
We cannot cut our way to a balanced budget. That would be going backwards. Government spending supports the economy. Anything cut usually means jobs cut.
No, we cannot go backwards. We must go forward. That means recognizing that we cannot cut enough spending to balance the budget.
Revenue must be increased.
Republicans said the tax cut would pay for itself with increased revenue. They were wrong. That did not happen. Revenue is not enough. The deficit is too high because of the tax cut has failed to generate enough additional revenue to pay for itself.
The recent tax cut for the rich was the wrong way to go. We already had a half a trillion deficit when that tax cut was enacted. The economy was fine, required no boost or stimulus. All the tax give-away did was to make the rich richer. They used it for bonuses, stock buy-backs. They already had all the money they needed for business expansion. Much of the business expansion which has occurred since the tax cut was already planned before the cut.
The rich not only had the money for business expansion, they had the money to pay extra taxes to balance the budget.
That would have been the correct smart thing to do.
We had to run the debt up to deal with the Great Recession, so the responsible thing to do would be to use that post-recession expansion of the economy to balance the budget.
That is what we must do now.
It is time to tax the rich more, tax them enough to balance the budget.
It will not hurt them, particularly the very rich.
Their lifestyles will not be impacted at all.
They will still be richer than everybody else, able to flaunt their wealth at will,, enjoy all the best of everything, fly around in their private aircraft between their numerous luxury properties. That will not be impacted by a tax hike.
Do not worry about them leaving.
That is a ridiculous concern.
Here is how that works.
He gets a bug up his butt and announces: "Honey, we are moving to XYZ place where they have lower taxes!"
And she says: "Go ahead my dear. Do whatever you like. I am staying here near my aged mother and our children and the grandchildren."
Case closed.
No, we cannot go backwards. We must go forward. That means recognizing that we cannot cut enough spending to balance the budget.
Revenue must be increased.
Republicans said the tax cut would pay for itself with increased revenue. They were wrong. That did not happen. Revenue is not enough. The deficit is too high because of the tax cut has failed to generate enough additional revenue to pay for itself.
The recent tax cut for the rich was the wrong way to go. We already had a half a trillion deficit when that tax cut was enacted. The economy was fine, required no boost or stimulus. All the tax give-away did was to make the rich richer. They used it for bonuses, stock buy-backs. They already had all the money they needed for business expansion. Much of the business expansion which has occurred since the tax cut was already planned before the cut.
The rich not only had the money for business expansion, they had the money to pay extra taxes to balance the budget.
That would have been the correct smart thing to do.
We had to run the debt up to deal with the Great Recession, so the responsible thing to do would be to use that post-recession expansion of the economy to balance the budget.
That is what we must do now.
It is time to tax the rich more, tax them enough to balance the budget.
It will not hurt them, particularly the very rich.
Their lifestyles will not be impacted at all.
They will still be richer than everybody else, able to flaunt their wealth at will,, enjoy all the best of everything, fly around in their private aircraft between their numerous luxury properties. That will not be impacted by a tax hike.
Do not worry about them leaving.
That is a ridiculous concern.
Here is how that works.
He gets a bug up his butt and announces: "Honey, we are moving to XYZ place where they have lower taxes!"
And she says: "Go ahead my dear. Do whatever you like. I am staying here near my aged mother and our children and the grandchildren."
Case closed.
Some did, but the majority did not. It is your mathematical and logical argument that the wealthy paid less at 90 than they do at 27? The deductions did not go away but proliferated. Corporations provided 30 percent of the revenue collected back then. Now under 8.
We are deliberately starving revenue so our wealthy owners can eliminate all social programs. That has always been the plan. Rightys are in back of that. They are fighting for their right to struggle in the glow of the plutocracy.
Not close to true. They are making out like bandits. The system rewards the rich and SCOTUS allowed thems to buy politicians with all that money. The Koch brothers or any other trillionaires look soaked to you? Their taxes are cut administration after administration.
No, i said they paid roughly the same.
You are just factually incorrect regarding deductions though CPAs did continue to scour the tax code to look for more as always.
Social programs have done nothing but expand so all that nonsense is pointless.
Loving91390
Verified User
And watch the rich flee the Country ....
PostmodernProphet
fully immersed in faith..
the ones making out like bandits are the 50% who are like you and pay no federal income taxes and receive EIC checks.....
Then show your work. They were paying a hell of a lot more. That is why we could build our interstate highway system during Ike. Now we cannot maintain it,
PoliTalker
Diversity Makes Greatness
Hello Gonzomin,
They blame the poor for their own condition that they were typically born into and has been in their families for generations. The parents do not know how to be successful any more than they know how to instill the spirit of success into their children.
People born into this situation do not deserve to have rich and successful people blame them for not achieving success.
Programs to help these people have resulted in many rising out of poverty and, once successful themselves, instilling that spirit into their children.
The greed of the greediest people in this nation is so over the top that they have lost their sense of loyalty to their nation. They don't care if the national debt goes up as long as their wealth goes up.
And the fact that they already live in the lap of luxury shows how crazy they are. They've already got it made!
But still they want more. HINT, sadly afflicted greed-a-holics: YOU'RE ALREADY THERE. Time to think about what you are doing and why.
Wealth-addiction is real.
It exists in many of the super-rich, and it exists in much of America. People are drawn to riches. Why not? Who would NOT want to have ultimate buying power, the ability to have anything they desire?
Wealth addiction takes many forms.
From the super-rich person who works like a fiend, ignoring his family and small children to get more wealth even though he already has more than most, to the poor person who walks into the convenience store and buys $50 worth of lottery tickets even though his car needs tires he can't afford.
We are a country focused on the theme of equating wealth with stature.
Some people become so obsessed with acquiring wealth, their life is a compromise for it. That is what it means to be wealth addicted.
Wealth Addiction Is Real
When people will compromise their own richness of life for the sake of wealth, they will certainly compromise the needs of others for it as well.
THAT is why greedy rich people do not want to pay taxes to help the poor have even the bare minimum of a comfortable life.
They blame the poor for their own condition that they were typically born into and has been in their families for generations. The parents do not know how to be successful any more than they know how to instill the spirit of success into their children.
People born into this situation do not deserve to have rich and successful people blame them for not achieving success.
Programs to help these people have resulted in many rising out of poverty and, once successful themselves, instilling that spirit into their children.
The greed of the greediest people in this nation is so over the top that they have lost their sense of loyalty to their nation. They don't care if the national debt goes up as long as their wealth goes up.
And the fact that they already live in the lap of luxury shows how crazy they are. They've already got it made!
But still they want more. HINT, sadly afflicted greed-a-holics: YOU'RE ALREADY THERE. Time to think about what you are doing and why.
Wealth-addiction is real.
It exists in many of the super-rich, and it exists in much of America. People are drawn to riches. Why not? Who would NOT want to have ultimate buying power, the ability to have anything they desire?
Wealth addiction takes many forms.
From the super-rich person who works like a fiend, ignoring his family and small children to get more wealth even though he already has more than most, to the poor person who walks into the convenience store and buys $50 worth of lottery tickets even though his car needs tires he can't afford.
We are a country focused on the theme of equating wealth with stature.
Some people become so obsessed with acquiring wealth, their life is a compromise for it. That is what it means to be wealth addicted.
Wealth Addiction Is Real
When people will compromise their own richness of life for the sake of wealth, they will certainly compromise the needs of others for it as well.
THAT is why greedy rich people do not want to pay taxes to help the poor have even the bare minimum of a comfortable life.
PoliTalker
Diversity Makes Greatness
“Human identity is no longer defined by what one does but rather by what one owns.”
President Jimmy Carter, trying to talk sense to people who were so addicted to wealth that they elected Reagan instead.
Carter's messages of thrift were very conservative, and roundly dismissed by wealth addicts.
President Jimmy Carter, trying to talk sense to people who were so addicted to wealth that they elected Reagan instead.
Carter's messages of thrift were very conservative, and roundly dismissed by wealth addicts.
In 19944 highest tx rate peaked at 94 percent over what was equiv, to 2.5 million today. Then in 50s to 70s it dropped to 70 percent
In 1980s it went from 70 to 50. 1990s dropped to 39.6.
So top earners have been paying less and less over time. Of course that means less revenue collected and bigger debt.
It also means our tax laws are creating a plutocracy with incredible wealth at the top.
You cannot ignore the impactof slashing corporate tax rates either. We went from 52 to 35 the last couple of decades. Wonder why the debt and our inability to build a first rate infrastructure? https://www.epi.org/publication/ib364-corporate-tax-rates-and-economic-growth/
Last edited:
PoliTalker
Diversity Makes Greatness
Hello Gonzomin,
If you look back over the decades, the Federal Debt has grown in almost direct proportion to the wealth of the super-rich.
COINCIDENCE???
If you look back over the decades, the Federal Debt has grown in almost direct proportion to the wealth of the super-rich.
COINCIDENCE???
PoliTalker
Diversity Makes Greatness
Hello Gonzomin,
Well I don't know who they are in real life but it sure makes sense that somebody who had so much money they don't have to work and can spend all day BSing about politics online would have to be pretty rich.
Well I don't know who they are in real life but it sure makes sense that somebody who had so much money they don't have to work and can spend all day BSing about politics online would have to be pretty rich.
Let's start with the outrageous military budget. We spend more than the next 10 nations combined and have done so for many decades. Ike warned us about the military/industrial complex and the danger it represented to America. He has been proven correct. But the rightys are still wanting even more. They always cry about the depleted military. What crap. It is just an easy way to jack up the debt. Who can argue about making us safer, even though it does not? The truth is if you build it, you will use it. We have been waring and invading since we started as a country. Let's take a break. Let's take care of America and the people.
PoliTalker
Diversity Makes Greatness
Hello Gonzomin,
It's pork.
Bringing home the bacon.
All those politicians who want military expansion want new weapons built by factories in their own district.
Then they can call themselves job creators.
And they get big kick-backs from the military contractors.
It's pork.
Bringing home the bacon.
All those politicians who want military expansion want new weapons built by factories in their own district.
Then they can call themselves job creators.
And they get big kick-backs from the military contractors.