wealth redistribution

[Cindy]

[odooley6985]

Originally Posted by Cindy

LOL. Cindy I promise I will go away if he tells me how jobs are created. He said I have no clue yet doesnt proceed to clue me in.

[Cindy]

Originally Posted by odooley6985

LOL. Cindy I promise I will go away if he tells me how jobs are created. He said I have no clue yet doesnt proceed to clue me in.

Don't go away, this is my favorite type of thread.

[scotty]

Originally Posted by odooley6985

O ya I am an Obama hack. Please dude. Again no examples. pathetic is what you are your line of thinking are. I give real life example and research and you give nothing. NOTHING!!!!!!!!! You tell me I dont know how jobs are created and yet proceed to not tell me how they are created even after I asked more than once. I support Obama's support for the middle class. You and your kind support the GOPs line of thinking that we should all by down the rich cause they throw us the crumbs from their table and gives us peons jobs. I doubt you even know what a socialist is. O well. Just prove what I already know as right.

You really need to work on your grammer.

Ok, I gave you a run down of economics then I gave you a real life example.

I never told you that you don't know how jobs are created, I simply said raising taxes on the rich will not create jobs.

Yes, big business does create jobs, as well as small business. Small businesses are the number one job creaters in our economy and the tax hikes Obama is wanting will affect them too.

Obama wants to support the middle class, your right, he wants the government to support all of us. GOP against the middle class? That's funny, need I remind you that the Bush tax cuts were also huge for the middle class. I have had more tax refund for the past 6 years than I am required to pay in. I almost feel guilty at tax time. My family has averaged $3,000 to as much as $8,000 a year in tax refunds. Thats money we have put back into our company. Obama's plan will eliminate that.

Lets go a step further. I own a webdesign business, my wife just started a cupcake business. Please tell me, what incentive do we have to succeed? If our businesses together bring in more than $250k a year we will be taxed to death. So why bother? Why would I try to expand and grow if I know I will have to pay more in taxes? This is how business is thinking right now. Thats why there are layoffs and shutdowns happening. That's why businesses are going overseas. Our government is not business friendly.

So since you have dragged me into this, abiet not kicking and screaming, here we go.

"Dan McGregor, chairman of McGregor Metalworking Companies in Springfield, Ohio, said he and the other six shareholders in the business are looking at a tax increase of $250,000 to $300,000 next year under Obama's plan. Each year, a portion of the profits are distributed to shareholders, along with money to pay taxes. The rest, he said, is invested back into the company. If taxes go up, distributions to shareholders must go up to pay the higher taxes, leaving less money to reinvest in the business, McGregor said.

Obama's plan also would phase out the personal exemption and gradually reduce itemized deductions for individuals making more than $200,000 and married couples making more than $250,000.
http://www.huffingtonpost.com/2012/1...n_2272773.html

Thats me. You see, for some reason, while the cost of living has increased, the Dems definition of "middle class" has not. If your a small business owner and a family of 5, $250k IS MIDDLE CLASS. Cause it sure ain't rich.

The Congressional Budget Office estimated last month that Obama's plan to increase taxes only on top earners would reduce economic growth by 0.1 percent of Gross Domestic Product next year, or about $16 billion. That translates into about 200,000 fewer jobs.
http://www.huffingtonpost.com/2012/1...n_2272773.html

LOL, this is like saying, "well, there are already millions of people out of work, whats another 200,000"

Wealthy residents in California, Illinois, New York and Ohio are also leaving due to the high burden of government. And like elsewhere, they take with them a large piece of tax revenue. They also pull needed investment capital and jobs out of states desperate for them.

Despite the clear lessons available to him, President Obama wants to make the same mistake Britain and a few of our own states have made: He wants to raise the income tax rate of the country's top earners.

But it won't work. Washington would have to tax the top 5% at an 88% rate to balance the budget. Moving rates back to the Clinton-era 39.6% won't come close. So why target the rich?

Two reasons:
One, it plays well with the Democratic constituency.
Two, it's a gateway drug, the camel's nose under the tent. Once a higher rate for the rich proves to be insufficient for closing the deficit, the Democrats will say they have no choice but to raise taxes on the middle class.
While those who sow division and those inclined to be envious of others' wealth say "good riddance" to the exodus of the rich, the flight of the rich creates practical problems.
Not everyone likes the rich. But everyone needs them.

Read More At IBD: http://news.investors.com/ibd-editor...#ixzz2Fp1Jo84U

http://money.cnn.com/2012/10/04/smal...ers/index.html

http://www.usnews.com/opinion/blogs/...all-businesses

Tell you what, you claim your a peon? Stop being a peon, go open a business. You have to get in the economy to fully understand the economy. Get a taste of what its like to try and make the American dream a reality. Then you'll see how Obama is making it a nightmare.

[odooley6985]

Ok. I wont.

[scotty]

Originally Posted by Cindy

What. No popcorn?

[odooley6985]

[QUOTE=scotty;1210029]You really need to work on your grammer.

Who cares? Really. This is a forum.

[scotty]

[quote=odooley6985;1210034]

Originally Posted by scotty

You really need to work on your grammer.

Who cares? Really. This is a forum.

Well, you went on a childish, name calling rant in that post. Figured if you felt it neccessary to make a political forum discussion personal and call me pathetic I might as well point out your flaws too.

[odooley6985]

I know I am just a hack and I worship Pastor Obama like you say. But like I said, I dont agree with him that 250k is rich. I like the GOP idea of 400k. They caved though. Obama wants to raise taxes on the rich and keep the bush era taxes for the middle class. So you and I will keep our same taxes. We need to cut spending and increase taxes. You mentioned 88% top rate on earners. That is low compared to what it was with some other presidents. I guess we just keep going round and round.

[odooley6985]

[QUOTE=scotty;1210035]

Originally Posted by odooley6985

Well, you went on a childish, name calling rant in that post. Figured if you felt it neccessary to make a political forum discussion personal and call me pathetic I might as well point out your flaws too.

Deal.