Taxing the rich wont work.

[scotty]

"Relying solely on tax increases for the rich to aid in deficit reduction -- even when paired with significant spending cuts -- doesn't cut it"

"there just aren't enough rich people to generate the kind of revenue needed to substantially reduce deficits."

http://money.cnn.com/2011/04/12/news...dex.htm?hpt=T1

Looking at the chart at the top of the article just validates what conservatives have always said, jobs create tax revenue. I have never understood why libs can't grasp simple economics. Tax corporations and they will cut back, give them tax breaks and they will expand and create jobs which in turn creates more tax revenue than can be gained from the corporations themselves. It's just that simple.

[coadie]

Obama is continuing on his class warfare agenda to garner votes. He portrays the rich as bad and the poor as victums. Too bad Soros left the reach of the arm of the IRS.

Obama wants to tax assets and wealth in addition to tax on the higher incomes.
If there is something in economics contrary to grow, Obama favors it.

[canam]

Originally Posted by coadie

Obama is continuing on his class warfare agenda to garner votes. He portrays the rich as bad and the poor as victums. Too bad Soros left the reach of the arm of the IRS.

Obama wants to tax assets and wealth in addition to tax on the higher incomes.
If there is something in economics contrary to grow, Obama favors it.

[coadie]

Robbing Peter to pay Paul.
Paul says go for it.

[sandie]

Originally Posted by scotty

"Relying solely on tax increases for the rich to aid in deficit reduction -- even when paired with significant spending cuts -- doesn't cut it"

"there just aren't enough rich people to generate the kind of revenue needed to substantially reduce deficits."

http://money.cnn.com/2011/04/12/news...dex.htm?hpt=T1

Looking at the chart at the top of the article just validates what conservatives have always said, jobs create tax revenue. I have never understood why libs can't grasp simple economics. Tax corporations and they will cut back, give them tax breaks and they will expand and create jobs which in turn creates more tax revenue than can be gained from the corporations themselves. It's just that simple.

The democrats are about power. Class warfare appeals to their base, they'll never give that up and go along with "simple economics".
They're now running completley out of other people's money....buckle up, it's going to get bumpy like we've never seen.
I thank God, He's my source.

[deacon blues]

There is a whopping 46% of Americans that receive some form of financial benefit from the federal government. Polls show Americans overwhelmingly want the gov to cut back spending. But when polled about their benefit being cut to any degree the polls show th opposite: Americans aren't in favor of any of their benefits being cut, only for others benefits being cut. I've heard Rush saying for years that the ultimate goal of liberalism is to create a class of people dependent on government handouts so as to insure the Democratic party more and more power. It has created a generation of Democratic voters increasingly dependent on Democratic fiscal policies.

Now we are approaching the tipping point. Something has to give. I'm afraid that there will neither be enough courage from either party nor from the American electorate to make fundmental changes to our government and fiscal policies to save us from the economic trainwreck that lies ahead.

Those of you who vote for incumbents in either party should be ashamed! Those of you who believe that higher taxes on the rich are the answer to our problems should be ashamed! Those of you who aren't willing to have any of your benefits cut but you want to see others cut, shame on you! Those of you who defend this president and his self destructive economic policies and will vote to retain him inoffice out of blind loyalty to the Democratic party, shame on you!

ITS THE SPENDING, STUPID!

[deacon blues]

BO's own bi-partisan Deficit Commission said the #1 issue was government spending, and yet, this president after spending millions of dollars on this commission hasn't enacted or promoted a SINGLE proposal! Baffling...

[sandie]

Originally Posted by deacon blues

BO's own bi-partisan Deficit Commission said the #1 issue was government spending, and yet, this president after spending millions of dollars on this commission hasn't enacted or promoted a SINGLE proposal! Baffling...

Obama is all about perception. He creates the commission so he looks like he's engaged and trying to fix the problem. He then ignores it as if it was just another federal judge handing down a verdict against one of his policies.

[Phoenix]

Originally Posted by deacon blues

There is a whopping 46% of Americans that receive some form of financial benefit from the federal government. Polls show Americans overwhelmingly want the gov to cut back spending. But when polled about their benefit being cut to any degree the polls show th opposite: Americans aren't in favor of any of their benefits being cut, only for others benefits being cut.

............

ITS THE SPENDING, STUPID!

I'm afraid that when this bridge collapses, it's going to take out *all* government support and benefits. Unfortunately, that's going to leave a lot of people who are dependant due to circumstances, and those who have become dependant and given up on fighting to get off of benefits (a huge majority of whom are children) without adequate food, and in some cases shelter. I know it needs to happen (and I am one who would be impacted, I'm making some serious plans accordingly..I'm unable to get by without foodstamps right now, but I'm using them to stock food surplus and I'm also working very hard to get into a position where I can get by without them) and it needs to happen very, very soon. I'm just frustrated and sad that the system has set itself up to force dependance and is going to collapse and hurt a lot of people. I'm not in any way removing the responsibility from the people who use the system here, each one should know to use it as support only and put forth the effort required to support themselves to their fullest capacity.

I do think that benefits available are pretty insane. The maximum benefits for a family of 4 is $668 a month. Who really needs to spend $668 a month on food for 4 people? That's eating very well, I can personally attest to this. Just cutting that back and forcing people to shop sales and use coupons would help government spending a lot. I just don't see too many who rely on foodstamps jumping up and down and asking for their benefits to be cut so they have to work harder. I get that. I work full time, I'm in school full time, and I somehow find time to keep my house reasonably presentable. It wouldn't be any picnic to *need* to shop sales only and plan that carefully, but it wouldn't kill me either. It would definitely set people up to be in a position to go off of benefits as soon as possible, rather than staying on them indefinitely because they don't know how they'd manage to pay as much for food as food stamps allows.

[Seascapes]

What do you mean? Won't work, it did work under President Clinton, and it will work again. We would not be in this mess today, if Bush had not gave all the tax breaks to the wealthiest....AND YOU KNOW IT IS TRUE. You may not say it, because you don't want to admit the error of Bush, but if you got as much sense as a billy goat, you know, and so do about 80% of all Americans.

President Obama told how we got into this mess at the beginning of his speech today, and every word of it is true. Why do people up hold lies? Revelation 21:8 says that "ALL liars will have their part in the lake of fire", and if you up hold the lies, then you are just as a liar. The people of God, the real Christians love the truth not only in the Word of God, but in everything.

As President Obama stated that he didn't mind paying more taxes, and he felt that the other rich folks wouldn't either....if they were only asked. Republicans, especially the "Tea Bags" want to give even more tax breaks to the rich, and take away from the elderly and the needy people of America...no compassion. Shame....Shame....Shame, those heartless folks.