News Flash....Wealth isn't a Civil Right

[Plane]

    We don't really know that our economy would not collapse under a significant tax increase, havent we been near collapse for a while now?

     I would expect a reduced economy to produce reduced tax revenue no matter what the reason was for the reduction.
..............................................
     As a correction let me point out that the poor are not affected either way when income taxes are raised or cut. Anyone who is below the poverty line is not paying any income tax. Shall we offer to cut their Social Security contribution?

[sirs]

How does letting the largest tax cut in history expire not put a dent in the deficit?

How does letting the cuts expire reverting to the Clinton tax rate generate class warfare unless the dems are saying the Clinton rates punished the poor?

Inquiring mind want to know.

Because the cuts that went IN to effect, helped pull us out of 911 recession, that no tax increase could ever have.  Because the worse thing businesses and the private sector could be saddled with right now, is higher taxes

Hoped that helped

[BT]

How does letting the largest tax cut in history expire not put a dent in the deficit?

How does letting the cuts expire reverting to the Clinton tax rate generate class warfare unless the dems are saying the Clinton rates punished the poor?

Inquiring mind want to know.

Because the cuts that went IN to effect, helped pull us out of 911 recession, that no tax increase could ever have.  Because the worse thing businesses and the private sector could be saddled with right now, is higher taxes

Hoped that helped

It didn't. Because the Bush Tax Cuts are still in effect as well as the payroll tax holiday and both of those have not pulled us out of the recession, so in the meantime the fed is printing money like its Black Friday flyers and the inflation that will come from that is worse than any small tax hike that would happen for our precious poor.

raise revenues+cut spending = reduce debt/deficit and that will raise the worth of the dollar.

So unless the GOP is truly the party that protects the 1% even though the majority of GOP voters are not in that 1%, it makes sense to recommend measures that put the govts books in order. And this is not all that needs to be done.

 

 

[Xavier_Onassis]

There will NEVER come a time when the super rich say "Okay, we have enough, you can raise our taxes now".

In bad times they will say "this is the worst time to raise our taxes: we can't hire anyone if you raise out taxes."
In the best of times they say "this is a terrible time to raise our taxes, we will be forced to fire people."

The one thing about the greedheads that never changes is this: they NEVER have enough. seven houses, fifteen cars,  private jet, his and hers matching private jets. They will NEVER say "enough!"

[BT]

There will NEVER come a time when the super rich say "Okay, we have enough, you can raise our taxes now".

In bad times they will say "this is the worst time to raise our taxes: we can't hire anyone if you raise out taxes."
In the best of times they say "this is a terrible time to raise our taxes, we will be forced to fire people."

The one thing about the greedheads that never changes is this: they NEVER have enough. seven houses, fifteen cars,  private jet, his and hers matching private jets. They will NEVER say "enough!"

All your post does is legitimize and extend class warfare.

It doesn't matter what the rich say about their taxes. What matters is what will get the federal house in order.

What needs to happen with entitlements is that funding for ss and medicare be moved to a separate account from the general fund and adjust contributions so that those programs can stand on their own and also not be a temptation for raiding by politicians who only think about today.

[sirs]

How does letting the largest tax cut in history expire not put a dent in the deficit?

How does letting the cuts expire reverting to the Clinton tax rate generate class warfare unless the dems are saying the Clinton rates punished the poor?

Inquiring mind want to know.

Because the cuts that went IN to effect, helped pull us out of 911 recession, that no tax increase could ever have.  Because the worse thing businesses and the private sector could be saddled with right now, is higher taxes

Hoped that helped

It didn't. Because the Bush Tax Cuts are still in effect as well as the payroll tax holiday and both of those have not pulled us out of the recession, so in the meantime the fed is printing money like its Black Friday flyers and the inflation that will come from that is worse than any small tax hike that would happen for our precious poor.

So unless the GOP is truly the party that protects the 1% even though the majority of GOP voters are not in that 1%, it makes sense to recommend measures that put the govts books in order. And this is not all that needs to be done.

They pulled us out of the 911 recession.  It was the spending by both Bush and Obama that threw us right back into one, and the worst thing we can do to the economy, is raise taxes on everyone.  Sorry, not going to play this game, the stakes are too damn serious to spend all this time and energy over an issue that's not going to even dent our economic/unemployment abyss.  Putting the government's books in order has to start with cutting spending

raise revenues+cut spending = reduce debt/deficit and that will raise the worth of the dollar.

Cut spending and cut taxes = increase employent <--> decreased unemployment & will reduce the debt/deficit as the increase tax revenues start exponentially flowing in once again, that will raise the worth of the dollar

A win/win

[BT]

My guess is that cutting federal spending will add to the unemployment roles, because if programs are cut staffing would likely also be cut and i don't see where the private sector will be hiring that staff as they walk out the door. Did you think about that?

You really aren't proposing anything more than mouthing partisan platitudes that do nothing but maintain the status quo and protect groups you may or may not have affinity with.

[sirs]

You must have missed this part:
Cut spending and cut taxes = increase employent <--> decreased unemployment & will reduce the debt/deficit as the increase tax revenues start exponentially flowing in once again, that will raise the worth of the dollar

A win/win

Hardly mouthing platitudes, as it's got a track record of working.  And maintaing the status quo is at least better then throwing gasoline on the fire, with higher taxes

[BT]

are you considering that the federal debt/deficit problem is different than the current unemployment problem?

and that what fixes one might not also fix the other?

None of your posts thus far indicate that you have.

[sirs]

MY equation fixes both, but starts with cutting spending

[BT]

How so?

[sirs]

Cut spending and cut taxes = increase employent <--> decreased unemployment & will reduce the debt/deficit as the increase tax revenues start exponentially flowing in once again, that will raise the worth of the dollar

[BT]

I thought the Bush Tax cuts implemented the lowest tax rates in decades. Companies like GE pay no taxes. How many people have they hired since 2008?

Cutting spending is important and i have no problem with doing that intelligently, but in the meantime borrowing 40 cents on the dollar to pay current expenses doesn't make sense.

[Plane]

  We learned during the Reagan administration that making a deal to cut spending is very tough. Reagan was trying to get spending cuts and make deals for tax increases.

    The Spending cuts never came to the scale they should have.

    Clinton used a very convienient boom time to raise taxes , which represents a massive missed oppurtunity. If spending had been reduced then the deficit might have been substantially reduced. What Clinton did was mark time while the boom came and went.

     Bush number one, or 41 as you might count, learned the hard way that promises can be remembered. Obama needs us to forget a few promises .

   Bush number two, or president number 43 , had a war to fight , so there was little oppurtunity to cut spending.

      Does anyone remember the "peace dividend"?
      Our military is more than 30% reducecd since 1989 , this era is over , the peace dividend has come and gone , the tech boom that came and went at the same time isn't comeing back either.

     I my opinion history will call these years a lost oppurtunity.

[sirs]

  We learned during the Reagan administration that making a deal to cut spending is very tough. Reagan was trying to get spending cuts and make deals for tax increases.

    The Spending cuts never came to the scale they should have.

IIRC, they never came at all