Tax Cut for the Wealthiest Will Cost America $700B - Page 2

coadie · #11 09-12-2010, 05:44 PM

Quote:

Originally Posted by RevDWW

You do understand that the "wealthy" start business' and employee people. There money is not stuffed in their mattress or in a vault. It's invested in the economy.

I have a neighbor. She lived next door and her office was next door in the office tower I moved to. Lets tax her. She has a couple hundred million in the bank. She drives 2 cars over 5 years old. The bank is stressed. If she takes out 100 million for taxes on her dividends, the bank has 100 million less to loan to customers and is even more stressed.
Jerym and Barack have not taken econ classess. They think it is popular to nail rich people. If the bank has less money to loan, less businesses start. Investment capital is part of economic growth. Obama wants to shrivel capital more than it already has. My estimate is the total value of equities in America under Bush was around 58 trilliion. Under Obama the value of equitiies fell to nearly 40 trillion. Lets tax these people even more and send more business to China.

Obama really pumps people up to covet money from the neighbor. Tax the wealthy. people that saved money instead of binge spending.

Bowas · #12 09-12-2010, 07:24 PM

Quote:

Originally Posted by RevDWW

You do understand that the "wealthy" start business' and employee people. There money is not stuffed in their mattress or in a vault. It's invested in the economy.

You beat me to it. I was going to ask the question, What do you think the wealthy would do or do with the money that is not taxed? Yes, you guessed it. They invest it and in turn that gives the smaller guys jobs and in turn gets them off welfare/unemployment or whatever.
Tax the rich, lose your job.
The rich at least produce and or give something back by way of jobs and taxes. I think we need to go after the greatest consumer of the peoples income and that is the government. They take and cannot give what they have not first taken.

canam · #13 09-12-2010, 07:45 PM

Quote:

Originally Posted by Jason Badejo

JD doesnt realize that 2 percent of the people already pay 50 percent of the tax,you can only squeeze the orange so much JD.

Jermyn Davidson · #14 09-12-2010, 08:06 PM

It will cost America 700 Billion dollars in revenue to extend the taxes on the "wealthiest".

I understand the argument that the wealthiest contribute to the national economy-- but not every "wealthy" person contribute to the economy in the way that employs people.

Further, it's in their best interest to invest and grow their companies-- they will do this regardless.

Why shouldn't the wealthy do what they can to help their country?

Whatever happened to, "Ask not what your country can do for you, but what you can do for your country"?

Oh that's right, that only applies to the poor in order to motivate them to send their sons and daughters to fight and die in unnecessary wars while the sons and daughters of the wealthiest can party it up at college.

I guess the wealthiest Americans seem to always get the tough breaks in life.

Let's not tax them at all so! We owe rich people so much!
(I would compare this to Affirmative Action-- but tax cuts for the wealthiest is special treatment for people who are not disadvantaged, neither is there a risk of their marginilization in our capitalist society.)

coadie · #15 09-12-2010, 08:39 PM

Quote:

Originally Posted by Jermyn Davidson

It will cost America 700 Billion dollars in revenue to extend the taxes on the "wealthiest".

I understand the argument that the wealthiest contribute to the national economy-- but not every "wealthy" person contribute to the economy in the way that employs people.

Further, it's in their best interest to invest and grow their companies-- they will do this regardless.

Why shouldn't the wealthy do what they can to help their country?
Whatever happened to, "Ask not what your country can do for you, but what you can do for your country"?

Oh that's right, that only applies to the poor in order to motivate them to send their sons and daughters to fight and die in unnecessary wars while the sons and daughters of the wealthiest can party it up at college.

I guess the wealthiest Americans seem to always get the tough breaks in life.

Let's not tax them at all so! We owe rich people so much!
(I would compare this to Affirmative Action-- but tax cuts for the wealthiest is special treatment for people who are not disadvantaged, neither is there a risk of their marginilization in our capitalist society.)

You have a strawman argument by asking why the wealthy can't do for the country.

Thou shalt not steal. Liberal minds think seizing assets and wealth from the wealthy to give to the poor is not theft.

The wealthy man's money is his. It is not yours. It doesn't belong to Obama to give to his pork buddies. It is not property of the poor man.

Under communism, the belief that wealth belongs to those that haven't worked for it is how they start revolution.

coadie · #16 09-12-2010, 08:47 PM

Quote:

Originally Posted by Jermyn Davidson

It will cost America 700 Billion dollars in revenue to extend the taxes on the "wealthiest".

.)

Jermyn. It seems yiou can't cut and past accurately and honestly

Quote:

Extending those tax cuts for the richest Americans (defined as couples making over $250,000) "is a bad idea," he said, suggesting America cannot afford the $700 billion price tag.

''

It will cost more than 700 billion if we eliminate tax cuts.

I think you meant tax cuts instead of taxes.

run to Yahoo and cut and paste political propoganda and tell us you support Obama.
It is not working is it?
You can buy a second hand Samuelson or other freshman econ text book at a garage sale for 2 bucks or less. That would put you ahead of Obama in econ info.

canam · #17 09-12-2010, 09:41 PM

JD remember this when it comes april 15, no deductions for you ,remember ask not what your country can do for you.... also maybe you should blame all the new hires by your buddy otrauma in the justice dept and the irs , they owe something like 38 million in back taxes! But why wouldnt they, when their boss gietner, is one of them

Praxeas · #18 09-13-2010, 12:31 AM

Quote:

Originally Posted by Jermyn Davidson

Extend the tax cut for the wealthiest, America loses 700 Billion.

"As Henry and I discuss in the accompanying clip, Obama faces a "da--ed if you do, da--ed if you don't" situation: If he tries to do more to stimulate the economy (or even use the word "stimulus") he's labeled a big-spending Democrat with Socialist leanings. But if he focuses on austerity and bringing down the deficit, many economists fear he'll trigger another big downturn and concerns about the banking system, as is occurring in Europe."

Read story and view video below.

http://finance.yahoo.com/tech-ticker...tt_535411.html

How come the "wealtheist" includes those making 200k?

Why do you want to tax them so much? Because they make more money than you?

You know why there will be less tax money? Because NOBODY IS WORKING. You tax the rich more and in this economy they'll lay off more people...welcome to socialism

crakjak · #19 09-13-2010, 12:37 AM

Quote:

Originally Posted by Jermyn Davidson

Extend the tax cut for the wealthiest, America loses 700 Billion.

"As Henry and I discuss in the accompanying clip, Obama faces a "da--ed if you do, da--ed if you don't" situation: If he tries to do more to stimulate the economy (or even use the word "stimulus") he's labeled a big-spending Democrat with Socialist leanings. But if he focuses on austerity and bringing down the deficit, many economists fear he'll trigger another big downturn and concerns about the banking system, as is occurring in Europe."

Read story and view video below.

http://finance.yahoo.com/tech-ticker...tt_535411.html

If a rich person can't make money with their money in business, they will do other things with it that is taxed less. It is a fact, the higher the tax rate the less business thrives. There has to be incentive for folks with money to risk their money.

Praxeas · #20 09-13-2010, 12:40 AM

Quote:

Originally Posted by Jermyn Davidson

Further, it's in their best interest to invest and grow their companies-- they will do this regardless.

Why shouldn't the wealthy do what they can to help their country?

Whatever happened to, "Ask not what your country can do for you, but what you can do for your country"?

Oh that's right, that only applies to the poor in order to motivate them to send their sons and daughters to fight and die in unnecessary wars while the sons and daughters of the wealthiest can party it up at college.

I guess the wealthiest Americans seem to always get the tough breaks in life.

Let's not tax them at all so! We owe rich people so much!
(I would compare this to Affirmative Action-- but tax cuts for the wealthiest is special treatment for people who are not disadvantaged, neither is there a risk of their marginilization in our capitalist society.)

The wealthy right NOW are already paying MORE taxes than you do, now you want to say "we've bleed you, now if you really were an American you'd let us bleed you more"? Why not raise taxes on everyone equally?

You want to Tax them more but they are already paying MOST of the taxes..they get the tough breaks in life? So let's just beat the crud out of them and steal what is theirs