Obama to Propose Buffet Tax on Monday
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Still too high! If you like high taxes, stay in Australia! We don't need any more socialists!
The only Buffet tax we should have is one for the big-ass eatmonsters at Hometown buffet! Fuck Obama!
I think he's right on that point, M4M.
Sadly the technological progression we are in the middle of is GOING TO, not 'might' or 'could' or 'is possible', but Already IS and will continue to, replace jobs at an unsustainable rate.
Nothing in the world can save these jobs, and no matter how hard Socialist presidents try, they'll keep watching their approval records sink lower and lower because more and more jobs are being lost every day.
We're around 10% unemployment now. It could be 20% in a few years, and even 50% by the end of the decade. (!) I know that's unthinkable but it's going to happen. People need to get ready for it.
No matter what, O IS going to cop shit for losing millions of jobs. All he can do to attempt to save his job next year is to minimize damages.
Anybody saw the I want your money documentary yet.
Clip on taxes. Perfect for this thread.
[ame="http://www.youtube.com/watch?v=KBXQhs6kwYc"]Reagan Schools Obama in "I Want Your Money" - YouTube[/ame]
Clip on taxes. Perfect for this thread.
[ame="http://www.youtube.com/watch?v=KBXQhs6kwYc"]Reagan Schools Obama in "I Want Your Money" - YouTube[/ame]
Hey why don't you point out a couple historical examples where slashing budgets during an economic depression has directly contributed to an economic recovery and an improvement in the overall standard of living in the society in question.
Oh right. You can't.
Well it just so happens that Heinrich Bruning in the Weimar Republic and the Nazi Govenator in California and the douchebag Papandreou in Greece among others have all tried this and they will all tell you that this strategy is full of more fail than your crackpot criticisms, even more so without concrete antidepression economic strategy in place alongside it. It lowers tax receipts in out months, further depresses economic productivity, creates zero stimulus, and by itself contains zero economic strategy.
gtfo and take obama with you
thanks
Reagan raised taxes 11 times after his initial huge tax cut, they still were lower than previously though. Point being he wasn't scared to raise them when it was necessary.
Who pays for your firefighters, police, EMT's, roads, sewers, schools, libraries etc? oh yeah, the government. That's socialism! You're happy to use them though aren't you?
A major problem is that the people, media and especially the politicians who want to get re-elected only focus on the short term. Eliminating 10% of government jobs tomorrow would cause immediate issues, but it would likely cause more overall efficiency down the line.
When people pay taxes today, they don't realise that part of it might be going to pay off debt that was accrued for the Vietnam War.
Neat video, especially the voices, but if Obama is socialist, then so is Reagan. Among other things he expanded the Earned Income Tax Credit and ran the debt up to the highest it had ever been.
The Myths of Reaganomics - Murray N. Rothbard - Mises Daily
Taxes: What people forget about Reagan - Sep. 8, 2010
[ame="http://www.youtube.com/watch?v=POPkV-bX8w0"]Ronald Reagan's Socialist Program - YouTube[/ame]
anyone have a better idea? tax the poor any more and they won't have any money left to purchase anything which would be more of a drag on the economy than taxing the rich. the poor are the consumers and confidence is already declining.
and you think the poor who already don't have money to buy things will buy more if they are further taxed in a deeper depression?
duh.
and you think the poor who already don't have money to buy things will buy more if they are further taxed in a deeper depression?
Yes. Reduce government spending drastically to match the reduced taxes that come from a poor economy. Leave the taxes alone, so that the money stays in the hands of the consumer and the employers instead of the government (this will help the economy).
Unfortunately, the government does not have the balls or the intelligence to make hard decisions. So instead we will have high inflation to devalue the debt, and high interest rates due to the size of the debt. The people will suffer, and the wealthy will do what they can to shelter their assets and benefit from the rising prices.
What kind of an argument is this? So what?
Spending has never been higher. And the proposed tax will "save" $3 trillion over ten years. The government brings in approximately $2 trillion per year in taxes and spends $4.
This is not going to help our cause. The answer is to cut spending.
EDIT: Isn't it grand how fucking politicians equate taxes to "savings". It's as if all of our money belongs to them and they're graciously letting us keep some of it in the form of spending... ASSFUCKS.
The government doesn't pay for anything. It has no money without first stealing it from us.
As for the rest of your argument, Bastiat puts it better than I can:
Bastiat said:
I pay 51% in personal taxes between state and federal. Then I"m taxed more via sales and property tax. I also pay corporate taxes. Not sure how much more there is to take.
I hear people complain about 50% taxes in other countries but I probably pay 60% taxes between everything right in the US.
I hear people complain about 50% taxes in other countries but I probably pay 60% taxes between everything right in the US.
