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Index it for inflation and I'm on board...

dante

Unabomber
Feb 13, 2004
8,807
9
looking for classic NE singletrack
Obama proposes new taxes on wealthy.

WashPo said:
Obama will propose new taxes on the wealthy, a special new tax for millionaires, and eliminating or scaling back a variety of loopholes and deductions, officials say. About half of the tax savings would come from the expiration next year of the George W. Bush administration tax cuts for the wealthy.
Works for me.

edit: Index it to the EXACT same COLA that SS receive. If they want to start (continue) playing fast and loose with the inflation numbers, have apply to both revenue *and* payouts.
 

Silver

find me a tampon
Jul 20, 2002
10,840
1
Orange County, CA
“Class warfare may make for really good politics, but it makes for rotten economics,” Rep. Paul Ryan (R-Wis.), chairman of the House Budget Committee, said on “Fox News Sunday.”

And they know, because they've been doing both those things for decades.
 

JetTeach

Monkey
Aug 18, 2011
511
0
I will never comprehend how anyone can ever be for higher/more taxes and bigger government.
 

syadasti

i heart mac
Apr 15, 2002
12,690
290
VT
Last edited:

dante

Unabomber
Feb 13, 2004
8,807
9
looking for classic NE singletrack
I will never comprehend how anyone can ever be for higher/more taxes and bigger government.
Seriously? We've already decided on the size of government that we want, the only debate is whether we pay for it (Obama) or throw it all on a credit card and wait for the next guy to deal with it (Bush).

The *only* area that the US population agrees on cutting government spending is foreign aid. That's it. Otherwise it's a bunch of right-wing wackjobs running around demanding that government stop spending so much on *other* people but to leave their own slice of government cheese alone. You know, government pork like spending $1b on cotton subsidies, including $150m to *Brazilian* cotton farmers...
 

JetTeach

Monkey
Aug 18, 2011
511
0
Seriously? We've already decided on the size of government that we want, the only debate is whether we pay for it (Obama) or throw it all on a credit card and wait for the next guy to deal with it (Bush).

The *only* area that the US population agrees on cutting government spending is foreign aid. That's it. Otherwise it's a bunch of right-wing wackjobs running around demanding that government stop spending so much on *other* people but to leave their own slice of government cheese alone. You know, government pork like spending $1b on cotton subsidies, including $150m to *Brazilian* cotton farmers...
Yeah, seriously. Government is far too large and far too invasive, IMO.

And to really blow your mind, I am a federal government employee.

I advocate a flat tax structure and eliminating the massive duplication and redunancy of effort in the government.
 

Silver

find me a tampon
Jul 20, 2002
10,840
1
Orange County, CA
Yeah, seriously. Government is far too large and far too invasive, IMO.

And to really blow your mind, I am a federal government employee.

I advocate a flat tax structure and eliminating the massive duplication and redunancy of effort in the government.
Oh, a flat taxer too. This is awesome.

You know a flat tax solves almost nothing, right?
 

dante

Unabomber
Feb 13, 2004
8,807
9
looking for classic NE singletrack
Yeah, seriously. Government is far too large and far too invasive, IMO.

And to really blow your mind, I am a federal government employee.

I advocate a flat tax structure and eliminating the massive duplication and redunancy of effort in the government.
Ok, I'll bite. What government services (other than a paycheck) are you receiving that you'd be willing to give up?
 

JetTeach

Monkey
Aug 18, 2011
511
0
Why because you're afraid of the truth.........or critical thinking?
Not at all. I have always challenged anyone to sell me on their position. But I ONLY listen to arguments that are objective with verifiable facts and figures. Quite honestly, I think BOTH sides are extreme views that I can't buy into completely.
 

JetTeach

Monkey
Aug 18, 2011
511
0
Oh, it achieves a TON! Massive wealth redistribution from the middle class to the very, very, very, very rich. Poor get subsidies to offset it, the rich get a MASSIVE tax cut, and the middle class... well, they get screwed.
So, and I ask this in all seriousness, do you agree that the current system is broken? And if so, what solution would you propose?
 

dante

Unabomber
Feb 13, 2004
8,807
9
looking for classic NE singletrack
I receive NO government services. :thumb:
You don't drive on roads?
You don't eat food?
You don't have kids to send to school (or you never received an education to begin with)?
You've never had a single medical procedure, or taken a single prescription drug?
You're not free due to the actions of the US military/Coast Guard?
...

That's ok if you think that, you're apparently in good company in America these days....

Edit, or this one: http://economix.blogs.nytimes.com/2011/02/11/keep-your-government-hands-off-my-government-programs/
 

JetTeach

Monkey
Aug 18, 2011
511
0
You don't drive on roads?
You don't eat food?
You don't have kids to send to school (or you never received an education to begin with)?
You've never had a single medical procedure, or taken a single prescription drug?
You're not free due to the actions of the US military/Coast Guard?
...

That's ok if you think that, you're apparently in good company in America these days....

Edit, or this one: http://economix.blogs.nytimes.com/2011/02/11/keep-your-government-hands-off-my-government-programs/
Yeah, I see your point. I inferred from your question whether I received any direct support. Obviously, I benefit from those programs as does everyone. So why do we need BIGGER government to provide those things.


Sidenote: YOU are free because of MY actions over the last 28 years.

Anyway, see my question above. I don't want to get bogged down in rhetoric and philosophical arguments. I truly am curious about what I asked...
 

JetTeach

Monkey
Aug 18, 2011
511
0
Then why did you bring up a philosophical question in convenient soundbite rhetoric?
Where? And if I did, then my bad. And for that matter, this whole thread is "convenient soundbit rhetoric".

But hey, I am serious....is there agreement that the current system is broken and, if so, what are some of your solutions?
 

kidwoo

Artisanal Tweet Curator
Right cheer

I will never comprehend how anyone can ever be for higher/more taxes and bigger government.

But 'broken'? No not really. As already mentioned, sure there a million things that could be made better and more efficient, just like in any private enterprise. But the government does not exist to make money, it exists to best serve the population.

Unless you want to get specific, the nebulous 'bigger government' phrase doesn't really mean anything. Don't mean to bog you down in rhetoric or anything but you're going to have to offer some details.

This thread was about a higher tax rate on the top earners in this country. The fact that you're all about a flat tax, kind of demonstrates that you don't really understand what that means (or you just don't care). People with money have much more mobility with what they do with it. They are far less effected by an increase in federal taxes. When taxes are low, their own profits go up, that's about it. When taxes increase, capital flows to investments, infrastructure, and yes, even hiring. Why? because that money becomes a business expense and then is subject to incentives and write-offs.

Who do you think is more greatly affected by something like a 50% (just for argument's sake) tax rate? Someone making 30k a year or someone making 30 million a year? 15k is nothing. 15 million is not.
 

zdubyadubya

Turbo Monkey
Apr 13, 2008
1,273
96
Ellicott City, MD
Where? And if I did, then my bad. And for that matter, this whole thread is "convenient soundbit rhetoric".

But hey, I am serious....is there agreement that the current system is broken and, if so, what are some of your solutions?
You are new (and older than me) so I will cut you slack, but just search any of Dante's posts in the Politics Forum. As a community (RM with the exception of $tinkle :D ;)) there has been a consensus on this topic and DOZENS of solutions have been proposed. If you have the time, do some reading. There is some really well thought out and really good stuff. And I promise you, the "liberal" flag waving is minimal if that is what you are opposed to.
 

JetTeach

Monkey
Aug 18, 2011
511
0
Right cheer




But 'broken'? No not really. As already mentioned, sure there a million things that could be made better and more efficient, just like in any private enterprise. But the government does not exist to make money, it exists to best serve the population.

Unless you want to get specific, the nebulous 'bigger government' phrase doesn't really mean anything. Don't mean to bog you down in rhetoric or anything but you're going to have to offer some details.

Blah, blah, blah.

Blah, blah, blah.
yeah, I realized afterwards that "bigger" was not a good descriptor of what I was trying to say. A better word would be "limited".

So, again in all seriousness, do you believe that "government" won't find a way to extend tax increases across the board? And do they still intend to hold to the magic number of $250K as the break point?

On a personal level, are YOU willing to pay mor in taxes than you do now?
 

Andyman_1970

Turbo Monkey
Apr 4, 2003
3,105
5
The Natural State
Not at all. I have always challenged anyone to sell me on their position. But I ONLY listen to arguments that are objective with verifiable facts and figures. Quite honestly, I think BOTH sides are extreme views that I can't buy into completely.
Here's some facts. Revenue (taxes) are the lowest they have been in 60 years. Notice that spending is up too, but keep in mind we're in two wars as well.

The GOP reasoning that taxing the "rich" and corporations kills jobs is not proving out these days. Corporations have had one of the best quarters on record and are sitting on more cash than they have in a long time........so where's the jobs?
 

JetTeach

Monkey
Aug 18, 2011
511
0
Here's some facts. Revenue (taxes) are the lowest they have been in 60 years. Notice that spending is up too, but keep in mind we're in two wars as well.

The GOP reasoning that taxing the "rich" and corporations kills jobs is not proving out these days. Corporations have had one of the best quarters on record and are sitting on more cash than they have in a long time........so where's the jobs?
I agree wholeheartedly! On that note, I don't think government spending in the form of "stimulus" or whatever term they want to use is the answer. Honestly, I don't know the answer....
 

kidwoo

Artisanal Tweet Curator
On a personal level, are YOU willing to pay mor in taxes than you do now?
No but that's mostly because I live in California :D

I also don't make a whole lot of money (IE have much financial leeway to begin with).........


I agree wholeheartedly! On that note, I don't think government spending in the form of "stimulus" or whatever term they want to use is the answer. Honestly, I don't know the answer....
You know the often repeated idea that world war 2 brought us out of the lingerings of the depression? What do you think that was? Going into war doesn't stimulate the economy. The government spending that went into funding that endeavor is what kicked things into gear. That's a stimulus.

Building up (or REbuilding in most current cases) business infrastructure allows companies to widen their service offerings. It's not permanent but it allows investments and risks that would otherwise stay stagnant. Just lowering taxes doesn't do shlt. That's what andyman is saying. All this talk about dropping tax burdens on successful companies that don't even pay the current taxes is just useless. It's a charade. It's there to make the wealthy, wealthier and has nothing to do with kicking the economy as a whole back in gear.
 

JetTeach

Monkey
Aug 18, 2011
511
0
Bottom line, like I first said in this thread, all of this is irrelevant anyway. This or any other significant tax legislation will never pass. Unfortunately, we have a deadlocked legislative process and likely will for the foreseeable future. That hurts folks on both sides of the political spectrum.
 

kidwoo

Artisanal Tweet Curator
Bottom line, like I first said in this thread, all of this is irrelevant anyway. This or any other significant tax legislation will never pass. Unfortunately, we have a deadlocked legislative process and likely will for the foreseeable future. That hurts folks on both sides of the political spectrum.
Backing out again eh? :p


It only hurts both sides if you don't understand the conflict. Neither is perfect but one side is just straight up fvcking retarded, and has zero interest in actually helping the economy outside of a very select segment of the population. You asked the questions, at least try to understand the answers you've received, regardless of whether or not this particular piece of legislation passes or not.
 

JetTeach

Monkey
Aug 18, 2011
511
0
Backing out again eh? :p


It only hurts both sides if you don't understand the conflict. Neither is perfect but one side is just straight up fvcking retarded, and has zero interest in actually helping the economy outside of a very select segment of the population. You asked the questions, at least try to understand the answers you've received, regardless of whether or not this particular piece of legislation passes or not.
Nope, not backing out at all. Just restating my original point. You and I seem to be more in agreement than not....just like your point above about the "left" being "straight up fvcking retarded". ;)
 

dante

Unabomber
Feb 13, 2004
8,807
9
looking for classic NE singletrack