Tax Cut for the Wealthiest Will Cost America $700B

[ILG]

My husband and I have Mayo insurance and my co-worker who is a single mom with no insurance gets better care than we do....

[coadie]

Originally Posted by ILG

The government doesn't print the money, the federal reserve does. Just a point.

Good point. They are called federal reserve notes. http://treasuryauctionwatch.blogspot.com/

Thursday August 26, 2010

•7-year note: $29 billion (same as last month)
Total for the week: $187 billion

It was printed and created debt.

[Praxeas]

Originally Posted by Jermyn Davidson

I think I read that spending on "corrections" and for the incarcerated is also high.


The whole system needs to be changed!

Increased taxes on those that make more money than we do does not change anything..

BTW I bet there will be less charitable giving the more the government takes from us

[Praxeas]

Originally Posted by Jermyn Davidson

(1) No I don't. You are mischaracterizing my opinion on this subject. My opinion is that it is laughable to think that wealthy people need a tax break.

BTW, there is nothing wrong with "God's Way"... ever.


(2) Thank you for providing stats to back up your point. I honestly missed your question to me, but I will reread to see if I can answer it.

(3) I am actually AGAINST the idea of an income tax. I am all for eliminating the current tax system and establishing a system where the citizens are taxed solely on what they spend.

I think a national sales tax will hurt the poor

[Praxeas]

One of the things that bothers me is inheritance tax and capital gains. There are poor people that get an inheritance and the government takes half. There are people who don't have a lot of money but are investing it. It's not just the filthy rich that invest money