Problems for economy, in order of seriousness: (1) widening inequality and declining real wages, (2) high unemployment, (3) budget deficit.- Robert Reich (@RBReich) November 9, 2012
Problems for economy, in order of seriousness: (1) widening inequality and declining real wages, (2) high unemployment, (3) budget deficit.
Silly Jesus: Those quotes seem completely unrelated to you? His stated desire to have the rich pay more so that it can be redistributed to everyone else doesn't sound the least bit like Marx? I'm not arguing that he's similar to Marx in any other facet, but not seeing this similarity means that it is you with splooge in your eyes. Marx splooge, the best kind of splooge, because there's enough for everybody.
BigBooper: LouDobbsAwaaaay: Emposter: Then the GOP is faced with opposing a cut for lower and middle class earners.They've done it before and they'll do it again. Being seen working with the President is now more toxic to them than being seen raising taxes on the lower and middle classes.^ThisAny Republican that works with the President, or compromises in any way is labeled a rino, and is challenged by the tea party in the next party primary. That's where we got all the "legitimate rape" candidates this election cycle. The extremists in the Republican party have taken over, and are purging any moderates. In the end this destroy the Republican party.Of course they may end up taking the nation down the shiater with them.
Lelo34: So....did Boner just flat out lie? He's holding a press conference where he says that the CBO reports that the MOST harmful thing the government can do is to raise taxes.If this isn't outright lying, it's incredibly misleading and a HUGE sign that the Republicans didn't learn a goddamn thing from the election.
mgshamster: InmanRoshi: Well, that's it. There's no incentive left to be wealthy. Might as well walk away from the mansion and go lie down in a cot in some shanty in Cambodia shivering and sharting on yourself from dengue fever. Obama's pretty much made it the same existence.I'm curious how the rich managed to survive when their tax rate was 92%.
JusticeandIndependence: I'm ready for the cuts to expire. Who's with me!
BigBooper: No, The Republican told me that letting the tax breaks expire on the richest Americans would destroy our economy; BILLIONS of jobs would be lost.And since the Republicans wouldn't lie about something like that, the CBO is clearly wrong.
Silly Jesus: I haven't looked into "the Carry." And I don't want to right this second because the point here can be made without that specific example. People have a problem with the rich "paying a lower tax rate." They have been fed this talking point and don't understand that capital gains are taxed at a lower rate FOR EVERYONE and that it's different from income tax.The propaganda is "Rich guy is only being taxed at 13% [fail to mention his only income is from capital gains] while the janitor is being taxed at 17% [fail to mention that his only income is from his salary] and this is an outrage because the janitor pays a higher tax rate than the rich guy!"
Silly Jesus: Dr Dreidel: Describe for me a scenario wherein taxes paid by people both rich and poor are not "redistributed".The guy using his EBT card isn't redistributing anything to Bill Gates.
Silly Jesus: using the evil rich as a scapegoat
Silly Jesus: Hey, self congratulating circle jerkers, here's what the CBO actually said.If the tax cuts are extended to EVERYONE...This means the poor, poor, pitiful poor AND the evil rich, the growth is 1.5%If the tax cuts are extended only to the poor, poor, pitiful, poor, and allowed to increase on the evil rich, the grown is 1.25%It's actually WORSE to tax the evil rich more.Also...[gulagbound.com image 800x492]
JusticeandIndependence: BigBooper: JusticeandIndependence: I'm ready for the cuts to expire. Who's with me!Bring it on![encrypted-tbn1.gstatic.com image 203x241]The problem is that if nothing is done, the middle class is going to take it up the a** hard. The rich can afford to pay the higher taxes. The middle class on the other hand can't afford to pay several thousand dollars in new taxes. If the Republicans block any compromise to protect the 1%, the economy will tank, and we will probably end up in a new recession.I wonder what the mid term elections in 2014 look like if that happens./the term "blood bath" comes to mindJust how much do you think the Bush tax cuts were?
jasimo: Obama, and every Democrat, should pound on this point every time they're near a microphone from now through the end of the year.Some points to hit:The rates go back to what they were under Clinton, close to historic lowsPeople talk about reducing the debt, this is a stepGrowth in income inequality since the tax rates were slashed in the 1980sClinton had a budget surplus when Bush II took office, before Bush slashed taxes, started two unfunded wars, and increased entitlement programsTrickle down doesn't work, growth comes from a healthy middle classOther?
Boxcutta: More like the liberal budget office.
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