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(The Atlantic)   Under Ryan's budget plan, Romney would have paid 0.82% in taxes on 8 figure income. That's not a typo   (theatlantic.com) divider line 310
    More: Scary, Mitt Romney  
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5000 clicks; posted to Politics » on 12 Aug 2012 at 6:47 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-08-12 01:25:40 PM  

KarmicDisaster: When the rich put their new tax gains in their overseas accounts, as they have with 12 trillion so far, how many jobs will that create?


I've been told by top men that it creates liquidity in the market. Middle-class people just spend their money and that doesn't go into economy some how.

If consumer demand increases without liquidity, stores will refuse to sell items to consumers. Effectively there would be a run on the retail markets. Much better to hope for rich people to invest in business that can't sell anything.
 
2012-08-12 01:27:49 PM  

ignite ice: Romney gave over 15% of his income in 2010 to charity


He gave the money to the Mormon Church which used it to lobby against gay marriage.

So boycott Romney.
 
2012-08-12 01:32:01 PM  

clambam: Malivon: How about tax law be completely redone? Set up a simple tax code that can't be reduced, subsidized, or other method of cutting taxes. All that farking paper work is such a drain. Make it so that whatever a person has to go through just to get lower taxes for filling out form, is already done.

They can think of something silly (not to be taken seriously), like this:

A person should automatically keep 75% of whatever the earn, regardless. The remaining 25% should be taxed into brackets.

Simply put: You earn 50,000 - You keep 37,500 of it.
The government tosses you into a tax bracket in X level associated with 12,500. That bracket takes into account marital status, offspring, and other factors associated with their living area, city, state, and environmental disasters that may have occurred.
You have the choice of putting more into the government that will be paid back to you at some level of interest.
If you have a disaster at your premises or some life altering situation, that is provable, you can pay half of the taxes owed. If used, this cannot be used within a five year span.
You're taxed based on the 25% of what is owed. You keep any remaining %.

How about this? Eliminate the Federal income tax completely. Eliminate all Federal entitlement programs. The Feds are now essentially responsible for defense, interest on the deficit, and interstate commerce; call it $700 billion a year. Collect that money directly from the states, each state being responsible for its share as a percentage of population. Essentially everyone in the US would have to pay $2200 in taxes each year, total. Beyond that, it's every state for itself. Want Social Security for your elderly? Fund it with your state income tax. Same goes fo medical care, education and infrastructure.

Under this plan, here in Massachusetts I would expect my overall tax burden to drop 25% for the exact same services I'm getting now. We only get 75 cents back from the Feds for every tax dollar we send in, ...


or to summarize:

i1.kym-cdn.com

Or, raise taxes a little, cut defense a bit, invest in infrastructure spending (to spur job growth) and adopt single payer or expand medicare eligibility to reduce spending. A combination of that and other moderate measures. Or, you can drink you own piss like Romney/Ryan are proposing for everyone but the rich (themselves)
 
2012-08-12 01:33:59 PM  

Lollipop165: My husband and I live comfortably. Of course, we would like to be making more (who wouldn't?) but if my taxes went up just a wee bit and went to schools, healthcare, infrastructure, etc.. I'd be OKAY with that. I'm lucky to live my lifestyle. If an extra amount per year means I can help someone else have something like HEALTHCARE, so be it.

I don't understand these multimillionaires who aren't willing to do the same. I really, really, really don't.


I've had the opportunity to change my lifestyle dramatically (from very low six figures to mid/high six figures) Unfortunately it was at the expense of others. When I brought that up I was basically told to STFU and GTFO. Yah know what? I'm perfectly happy with my income and sleeping well.
 
2012-08-12 01:34:03 PM  
i88.photobucket.com
 
2012-08-12 01:34:05 PM  

jetzzfan: That's still more than the 49.5% of people that don't pay income taxes


They don't have income, jackass.

If you want the poor to pay more taxes, then pay them more and put them in a higher tax bracket.

If you want to pay less taxes, then make less money and move into a lower bracket.

Entirely under your control. Can't get any fairer than that!
 
2012-08-12 01:34:50 PM  

GAT_00: Sgygus: GAT_00: Ugh, why do I bother with you anymore

When I make a comment including someone's quote, I am not talking to them specifically. The comment is addressed to everyone reading the thread.

Well now isn't that an interesting farkup.


It is indeed.

/and never to return to the thread
 
2012-08-12 01:37:50 PM  

Without Fail: ignite ice: Romney gave over 15% of his income in 2010 to charity

He gave the money to the Mormon Church which used it to lobby against gay marriage.

So boycott Romney.


And didn't consider blacks fully human until the '80s. Great charity.
 
2012-08-12 01:37:57 PM  

ignite ice: Nothing is stopping you from investing your money into the stock market and taking the same route as Mitt Romney. Paul Ryan's plan benefits all stock investors, and it makes sense why we should do that: it incentives the working class to put their savings into the stock market instead of the failing banks. That eight figure income is Romney's income and it has little do with Ryan's tax proposal. Romney is a bystander. He benefits just like you would. Romney gave over 15% of his income in 2010 to charity and the bible states that when you give your money away, it will come back to you in even greater amounts.



Yeah, guys! What's stopping you from being born into a rich and politically powerful family, going to an Ivy League school, dodging military service in France, and starting a venture capital firm that earns you hundreds of millions of dollars off of the destruction of thousands of jobs!? Get out there and live the dream! You could have an 8-figure income by the end of the year! YOU JUST AREN'T TRYING!

This is actually the GOP mantra. And the rednecks buy it hook line and sinker.
 
2012-08-12 01:39:52 PM  
I'm not sure how AKB48 makes it into a politics thread but if this is a trend I'm okay with that.
And in that spirit, here is Girl's Generation.
img221.imageshack.us
And Morning Musume.
img232.imageshack.us
 
2012-08-12 01:43:19 PM  

Lollipop165: My husband and I live comfortably. Of course, we would like to be making more (who wouldn't?) but if my taxes went up just a wee bit and went to schools, healthcare, infrastructure, etc.. I'd be OKAY with that. I'm lucky to live my lifestyle. If an extra amount per year means I can help someone else have something like HEALTHCARE, so be it.

I don't understand these multimillionaires who aren't willing to do the same. I really, really, really don't.


It's actually really easy to understand. Men have testosterone. That makes them try to prove that they are the alpha, the top dog.

Once they're not fighting for survival, or even THINKING of how to survive, this is what they focus on. Being the top dog. How's that measured? Millions in the account. It's a cash-penis, and everyone's suffering for their boy - not reasoning, lucid, adult man - but boy, testosterone-filled brains.

It's part of why Mitt believes he has a shot of the Presidency. Of course he does. He's the top dog! He's more alpha than Obama! All he has to do is run, and people will just follow him. Because he's successful!
 
2012-08-12 01:45:56 PM  

Malivon: How about tax law be completely redone? Set up a simple tax code that can't be reduced, subsidized, or other method of cutting taxes. All that farking paper work is such a drain. Make it so that whatever a person has to go through just to get lower taxes for filling out form, is already done.

They can think of something silly (not to be taken seriously), like this:

A person should automatically keep 75% of whatever the earn, regardless. The remaining 25% should be taxed into brackets.

Simply put: You earn 50,000 - You keep 37,500 of it.
The government tosses you into a tax bracket in X level associated with 12,500. That bracket takes into account marital status, offspring, and other factors associated with their living area, city, state, and environmental disasters that may have occurred.
You have the choice of putting more into the government that will be paid back to you at some level of interest.
If you have a disaster at your premises or some life altering situation, that is provable, you can pay half of the taxes owed. If used, this cannot be used within a five year span.
You're taxed based on the 25% of what is owed. You keep any remaining %.


Or we could do something REAL simple and tax capital gains as income.
 
2012-08-12 01:50:02 PM  
Now Rmoney can Show off his Tax Returns and claim he overpaid to get a bigger refund.

Retroactively!
 
2012-08-12 01:52:42 PM  

red5ish: I'm not sure how AKB48 makes it into a politics thread but if this is a trend I'm okay with that.
And in that spirit, here is Girl's Generation.
[img221.imageshack.us image 498x353]
And Morning Musume.
[img232.imageshack.us image 530x544]


i0.kym-cdn.com
 
2012-08-12 01:59:38 PM  

Linux_Yes: ignite ice: Nothing is stopping you from investing your money into the stock market and taking the same route as Mitt Romney. Paul Ryan's plan benefits all stock investors, and it makes sense why we should do that: it incentives the working class to put their savings into the stock market instead of the failing banks. That eight figure income is Romney's income and it has little do with Ryan's tax proposal. Romney is a bystander. He benefits just like you would. Romney gave over 15% of his income in 2010 to charity and the bible states that when you give your money away, it will come back to you in even greater amounts.


so what about a failing stock market??


BAILOUT!
 
2012-08-12 02:17:35 PM  

cameroncrazy1984: t3knomanser: You don't want to raise the taxes on cap gains, not if you want "retirement" to exist

I guess "retirement" didn't exist before 2003, when Bush brought the cap gains tax to 15%? Nobody retired then? Nobody invested?


Even worse, Romney made his fortune before capital gains taxes were cut by Bush.
 
2012-08-12 02:24:00 PM  
guys guys guys.... income tax is the only tax that matters.

never mind the wealthy don't pay medicare or social security
 
2012-08-12 02:38:20 PM  

Lionel Mandrake: And every one of these jackasses would get a tax hike. But the dipshiats will still vote Republican.


[blogs.ajc.com image 850x571]


That guy, bottom-center... does the sticker say "OX"? :/
 
2012-08-12 02:45:18 PM  
i1222.photobucket.com
 
2012-08-12 02:57:30 PM  

GAT_00: It's no different talking to you now than talking to DIA.


Dude, are you farking kidding? You've been all over everyone lately. Being an ass and just spiteful.

Bring it down a notch.
 
2012-08-12 03:04:49 PM  

clambam: How about this? Eliminate the Federal income tax completely. Eliminate all Federal entitlement programs. The Feds are now essentially responsible for defense, interest on the deficit, and interstate commerce; call it $700 billion a year. Collect that money


Isn't that, essential, what the articles of confederation were?

I seem to recall that kinda not working.
 
2012-08-12 03:22:39 PM  

Yankees Team Gynecologist: badhatharry:

People would only risk $10K.


So, because my $10,000 might only become $10,850 instead of $11,000, or $18,500 instead of $20,000, I'll instead choose to put it in my mattress, where at best it will remain $10,000?

This is what Republicans actually believe.


When it started to look like Obama was going to win in 2008 (and For a few months into 2009), right wing bloggers ran a pile of stories about business wizards who were going to "go galt" by either shutting down completely, or adjusting their workload down to where they would make $249,999 and not a dollar more.

Apparently, to be a business genius, one must have zero idea how your income is taxed.
 
2012-08-12 03:24:24 PM  

badhatharry: I'm not sure why I bother but...

CAPITAL GAINS IS NOT INCOME!

It is taxed at a lower rate to encourage investment in the economy.


the fark am i reading
 
2012-08-12 03:28:44 PM  

PanicMan: incendi: clkeagle: Serious question. How does investment in the stock market and other financial instruments help "the economy?"

I already covered that upthread - it allows business access to capital in exchange for equity instead of debt, so they can expand more cheaply. The "other financial instruments" bit becomes more murky, as you start getting into trading risk instead of investing in equity. As for the rest of your post, yes... the conservative party has gone off the rails, pants-on-head retarded with their approach to economic policy.

Um, if I buy 100 shares of GM stock, exactly $0 goes back to GM. The money goes to whoever is selling the stock. That transaction does nothing to the economy, besides whatever taxes (if any) the guy selling it has to pay.


The only time investing in a business actually funds the business is when they offer stock.
 
2012-08-12 03:35:03 PM  
i1222.photobucket.com
 
2012-08-12 03:39:43 PM  
web.acsalaska.net
 
2012-08-12 03:44:24 PM  
Haha! This is the actual Romney camp rebuttal to the fact that Ryan has less private sector job experience than Obama:

"The Romney campaign has released some facts on the private sector jobs Ryan has held: "Ryan moonlighted on Capitol Hill as a waiter at the Tortilla Coast restaurant & as a fitness trainer at Washington Sport and Health Club. ...One of Ryan's summer jobs in college was as an Oscar Mayer salesman in Minnesota, peddling turkey bacon and a new line called 'Lunchables' to supermarkets - he even drove the 'Wienermobile' once."

Clearly this man should be put in charge of the economy.
 
2012-08-12 03:49:24 PM  

amiable: Haha! This is the actual Romney camp rebuttal to the fact that Ryan has less private sector job experience than Obama:

"The Romney campaign has released some facts on the private sector jobs Ryan has held: "Ryan moonlighted on Capitol Hill as a waiter at the Tortilla Coast restaurant & as a fitness trainer at Washington Sport and Health Club. ...One of Ryan's summer jobs in college was as an Oscar Mayer salesman in Minnesota, peddling turkey bacon and a new line called 'Lunchables' to supermarkets - he even drove the 'Wienermobile' once."

Clearly this man should be put in charge of the economy.


I don't see any mention of reading Atlas Shrugged in there! They're slighting his economic expertise!!
 
2012-08-12 03:51:09 PM  

More_Like_A_Stain: Mugato: I always vote for the biggest un-electable moron Republican on the ballot.

Do you choose by weight or volume?


Chris Christie, FTW!!!

/Fatty fat fat fat
 
2012-08-12 03:52:43 PM  

amiable: Haha! This is the actual Romney camp rebuttal to the fact that Ryan has less private sector job experience than Obama:

"The Romney campaign has released some facts on the private sector jobs Ryan has held: "Ryan moonlighted on Capitol Hill as a waiter at the Tortilla Coast restaurant & as a fitness trainer at Washington Sport and Health Club. ...One of Ryan's summer jobs in college was as an Oscar Mayer salesman in Minnesota, peddling turkey bacon and a new line called 'Lunchables' to supermarkets - he even drove the 'Wienermobile' once."

Clearly this man should be put in charge of the economy.


img341.imageshack.us

/Not mine.
//Link
 
2012-08-12 03:55:46 PM  
Has Ryan ever come up with a good reason why his budget projections are based on 3% unemployment?

The GOP makes fun of Democrat projections when they are "pie-in-the-sky" but somehow the GOP lets Ryan get away with this?
 
2012-08-12 03:58:01 PM  

amiable: Haha! This is the actual Romney camp rebuttal to the fact that Ryan has less private sector job experience than Obama:

"The Romney campaign has released some facts on the private sector jobs Ryan has held: "Ryan moonlighted on Capitol Hill as a waiter at the Tortilla Coast restaurant & as a fitness trainer at Washington Sport and Health Club. ...One of Ryan's summer jobs in college was as an Oscar Mayer salesman in Minnesota, peddling turkey bacon and a new line called 'Lunchables' to supermarkets - he even drove the 'Wienermobile' once."

Clearly this man should be put in charge of the economy.


and he takes a wide stance on his economic postions.... connect the dots fa la la la la
 
2012-08-12 04:01:08 PM  

Mentat: ignite ice: it incentives the working class to put their savings into the stock market instead of the failing banks.

It's a good thing the banks have nothing to do with the stock market.


And an even better thing that the stock markets have never once crashed in all their history.
 
2012-08-12 04:08:39 PM  

Mrtraveler01: Has Ryan ever come up with a good reason why his budget projections are based on 3% unemployment?

The GOP makes fun of Democrat projections when they are "pie-in-the-sky" but somehow the GOP lets Ryan get away with this?


Because every business leader in the country is colluding to keep employment high to get Obama out of office and will hire millions of people November 5 once the GOP secures the presidency and both houses.
 
2012-08-12 04:09:11 PM  
Eliminating taxes on investment income would drmatically improve almost ALL of our lives.

Your 401k would only be taxable to the extent of prinicpal contributions. All of your interest, dividends, and increases in value come out tax free. That is a dramatically different retirement life for millions.
 
2012-08-12 04:22:52 PM  

cchris_39: Eliminating taxes on investment income would drmatically improve almost ALL of our lives.

Your 401k would only be taxable to the extent of prinicpal contributions. All of your interest, dividends, and increases in value come out tax free. That is a dramatically different retirement life for millions.


Sure. How are you going to pay for this? The GOP consensus seems to be tax the middle and lower income groups and slash every government service they rely on. And, in the end, the only people that benefit are those for whom it doesn't make a significant difference.
 
2012-08-12 04:25:34 PM  

cchris_39: Your 401k would only be taxable to the extent of prinicpal contributions. All of your interest, dividends, and increases in value come out tax free. That is a dramatically different retirement life for millions.


Um, the Roth 401k has been available for over a decade now. If your employer isn't offering that already, you might want to get on your 401k oversight board.

That said, the majority of retirees are in the 0% or 10% Federal brackets right now (because your Social Security benefits don't count as AGI income for most not-so-wealthy folks). Most people over 65 have under $20,000 in AGI per year.
 
2012-08-12 04:25:35 PM  
0.82%? Wow, think of all the jobs he could create.
 
2012-08-12 04:27:01 PM  

Bloody William: Do you want to know what class warfare is? Class warfare is Contra.

You have one group of people who know the Konami code. They use it at the beginning of the game to get 30 lives. They often beat the game because they have so many chances to keep going. If they fail a few times, they have plenty of resources to keep fighting the boss and reach the next level.

You have another group of people who don't have the Konami code. Or, worse yet, they get punished for entering the Konami code. They get 3 lives and can't continue. If they screw up a few times, they're done. They can't go back. They can't keep going. Very good or lucky players can beat the game with those 3 lives, but the vast majority of both the people in this group and the people in the group who get 30 lives can't. They are the exception.

The people in the former group say that Contra is easy because they can get far and often beat the game, and they point at the few people in the latter group who manage to do it too as proof. That doesn't make Contra actually easy. it only means that one group of people get a great opportunity and tons of extra lives, and a few members of the other group of people are skilled and lucky enough to get as far.


Thats farking beautiful.
 
2012-08-12 04:34:34 PM  

PanicMan: incendi: clkeagle: Serious question. How does investment in the stock market and other financial instruments help "the economy?"

I already covered that upthread - it allows business access to capital in exchange for equity instead of debt, so they can expand more cheaply. The "other financial instruments" bit becomes more murky, as you start getting into trading risk instead of investing in equity. As for the rest of your post, yes... the conservative party has gone off the rails, pants-on-head retarded with their approach to economic policy.

Um, if I buy 100 shares of GM stock, exactly $0 goes back to GM. The money goes to whoever is selling the stock. That transaction does nothing to the economy, besides whatever taxes (if any) the guy selling it has to pay.


That transaction made it easier for GM to sell the 100 shares of stock to the public. Would you invest in a company if they only let you cash out your investment once a year or once a decade? You might, but you are sure going to want a hefty premium. It's the same principle behind why CD's pay much better interest rates than savings accounts.
 
2012-08-12 04:39:52 PM  

incendi: PanicMan: Um, if I buy 100 shares of GM stock, exactly $0 goes back to GM. The money goes to whoever is selling the stock. That transaction does nothing to the economy, besides whatever taxes (if any) the guy selling it has to pay.

Sure, if you choose to look at the problem from an incredibly narrow and shortsighted point of view, it's just two people exchanging a little electronic number saying I own 1/1570000000th of GM for money. But rather than type it all out again, I'll just quote my previous post:

incendi: Well, sort of. The market provides an important function, providing a source of working capital in exchange for equity. This makes it much easier for companies to expand quickly as opposed to issuing debt or simply working within the constraints of their current cash flow, and is good for the economy. The trading after initial issuance of the equity allows the first big-money investors to regroup and invest in other things. So, when you buy your hundred-year old share of proctor and gamble or whatever, you can say that yes, you didn't actually contribute shiat to P&G, and neither did the last 50 people who held that particular share, but you freed someone else's capital to invest in something else. The net effect is that the market as a whole has the capacity to gracefully absorb new issuances, providing capital to companies willing to exchange equity for it.


Freeing up some other person's money doesn't necessarily help the economy. They may buy some other stocks, or buy a vacation house in South America, or sit on it and do nothing. That's a separate transaction.
 
2012-08-12 05:22:34 PM  

PanicMan: Freeing up some other person's money doesn't necessarily help the economy. They may buy some other stocks, or buy a vacation house in South America, or sit on it and do nothing. That's a separate transaction.


I have a feeling you may be being deliberately obtuse, but I'll try to give a more direct, specific, real life-ish example.

So, I've got a brokerage account. All my money is invested into a variety of equity stocks and other securities. One of these stocks, Prospect Capital (PSEC) provides mezzanine debt financing to small companies in a variety of fields (when I first started looking at them, they were primarily servicing small energy exploration companies). This company fairly regularly issues new stock in order to raise capital to fund new projects. I also own some Phillip Morris International (PM). Now, because we have this liquid market, when PSEC does a secondary, I can sell some PM and be literally (due to market making activity) guaranteed a buyer, freeing my capital to buy some PSEC. PSEC then uses that capital to make loans to companies for which an equity offering wouldn't make sense, and who can't find more favorable terms elsewhere. This company can now expand or continue operations, or whatever. BAM, economy helped, in a very tiny way, because the market is liquid enough that I can sell stocks almost instantly and apply my capital where I desire. This, writ millions of times over, enables the market to comfortably absorb new equity offerings, blah blah blah, you're not listening, are you? I don't know why I bother arguing on the internet.
 
2012-08-12 05:47:31 PM  
Very interesting "incendi", if that is your real name.
How do you respond to my counterpoint that you're a liar and the stock market is a lottery for the rich with no other purpose whatsoever?

/this is what social democrats actually believe
//economist in training
 
2012-08-12 05:53:01 PM  

Here'sJohnny: Very interesting "incendi", if that is your real name.
How do you respond to my counterpoint that you're a liar and the stock market is a lottery for the rich with no other purpose whatsoever?


Depending on your political affiliation, either "It's only that way because Bush" or "It's only that way because Clintbama"
 
2012-08-12 06:05:37 PM  

incendi: PanicMan: Freeing up some other person's money doesn't necessarily help the economy. They may buy some other stocks, or buy a vacation house in South America, or sit on it and do nothing. That's a separate transaction.

I have a feeling you may be being deliberately obtuse, but I'll try to give a more direct, specific, real life-ish example.

So, I've got a brokerage account. All my money is invested into a variety of equity stocks and other securities. One of these stocks, Prospect Capital (PSEC) provides mezzanine debt financing to small companies in a variety of fields (when I first started looking at them, they were primarily servicing small energy exploration companies). This company fairly regularly issues new stock in order to raise capital to fund new projects. I also own some Phillip Morris International (PM). Now, because we have this liquid market, when PSEC does a secondary, I can sell some PM and be literally (due to market making activity) guaranteed a buyer, freeing my capital to buy some PSEC. PSEC then uses that capital to make loans to companies for which an equity offering wouldn't make sense, and who can't find more favorable terms elsewhere. This company can now expand or continue operations, or whatever. BAM, economy helped, in a very tiny way, because the market is liquid enough that I can sell stocks almost instantly and apply my capital where I desire. This, writ millions of times over, enables the market to comfortably absorb new equity offerings, blah blah blah, you're not listening, are you? I don't know why I bother arguing on the internet.


Do you expect everyone that has a savings to invest like you
 
2012-08-12 06:07:37 PM  

Lollipop165: My husband and I live comfortably. Of course, we would like to be making more (who wouldn't?) but if my taxes went up just a wee bit and went to schools, healthcare, infrastructure, etc.. I'd be OKAY with that. I'm lucky to live my lifestyle. If an extra amount per year means I can help someone else have something like HEALTHCARE, so be it.

I don't understand these multimillionaires who aren't willing to do the same. I really, really, really don't.


Oh, they agree with you completely. *You* should pay more.
 
2012-08-12 06:10:42 PM  

DirkValentine: Do you expect everyone that has a savings to invest like you


No? And I'm not quite sure what you're getting at here...
 
2012-08-12 06:37:06 PM  

AnEvilGuest: Linux_Yes: AkaDad: badhatharry: I'm not sure why I bother but...

CAPITAL GAINS IS NOT INCOME!

It is taxed at a lower rate to encourage investment in the economy.

Yeah, because nobody invested in the economy before we lowered the rate to 15%.


and back when ronnie raygun was president and the upper tax rate was in the 50's, rich folks were broke. just dead poor.

thank the good lord they've been rescued from that horrible ronnie raygun.

The tax rate probably was higher than it should be when Reagan took office.
There is something to be said for my having more of my profits left over to re-invest in terms of encouraging investment and entrepreneurship.

Obviously the before and after effects of the Bush II fiasco suggest that the tax rate should be higher than it is now for the most advantaged but those effects don't prove that tax rates should be at the level they were in the '70s



during reagan's 8 years of Reign, the top marginal tax rate went from 69% to 28%. this is the time that the seeds were sown that would grow into the clusterfark we see today in this Nation. also, during these 8 years, we began to see outsourcing jobs to other countries. the steel industry was moved overseas during the 80's, beginning the long slow spiral down.

and folks overseas don't pay american taxes. not only do we loose the jobs, we lose the taxes that would have been collected.

and as long as the Owners (stockholders) are happy, then the hell with the Nation and everyone else.
 
2012-08-12 06:40:10 PM  

incendi: DirkValentine: Do you expect everyone that has a savings to invest like you

No? And I'm not quite sure what you're getting at here...


I'm saying that you seemingly have a far greater understanding than that of people that divest their income into 401ks. So we should hold people's feet to the fire over things they were told were good investments?
 
2012-08-12 06:59:00 PM  

Bloody William: Do you want to know what class warfare is? Class warfare is Contra.

You have one group of people who know the Konami code. They use it at the beginning of the game to get 30 lives. They often beat the game because they have so many chances to keep going. If they fail a few times, they have plenty of resources to keep fighting the boss and reach the next level.


I couldn't beat Contra even with the code. :-(
 
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