Buffet rule passage would cost us jobs

Discussion in 'Politics' started by JRK, Apr 16, 2012.

  1. JRK
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    JRK Senior Member

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    I cannot believe that claiming taking wealth from the private sector will not be a job killer.

    If you take 50,000 from a person who earned 1 million dollars a year (5%) it will effect some-ones bottom line

    That wealth will no longer be put to work.

    We were within 163 billion of a balanced budget in 2007 with Iraq at its highest level of winning that war

    More spin fron the Dems

    Go back to 07 levels, add 5%, that makes the defict 500 billion with a real 5% UE rate

    Thats the fix
    Then tax reform that eliminates income/capital/corporate tax with a Fair tax type system and we balance the budget

    It is that simple

    Create wealth
     
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  2. NYcarbineer
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    NYcarbineer Diamond Member

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    The money collected in the Buffett tax goes into revenues and decreases the deficit by paying for something we are currently borrowing to fund.
     
  3. JRK
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    JRK Senior Member

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    Your thread is with respect and I am glad to say is about the subject

    Capital Gains is wealth that has been taxed once at least typically

    My point is wealth lost to taxes is welath that cannot create anything. Trickle down works
    What do you think of capitial gains treated as income?
    or
    A complete overhaul of the tax code to capture those taxes Like Florida does?
     
  4. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Bullshit.

    Both the Reagan administration and the George W. Bush administration were proof positive supply side economics leads to a concentration of wealth..and overall misery for those left out. Hence the 99% vs. 1%.

    And there is absolutely nothing to justify that disparity.

    In thread after thread I've shown that the monied class offer very little value to the overall economy..and in fact..hurt it.
     
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  5. bitterlyclingin
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    bitterlyclingin Silver Member

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    NBC Universal is wholly owned and operated by the Obama/Axelrod re election campaign. However, one of NBC's subsidiary operations cannot 24/7/365 feed its viewers a steady supply of Obama pablum without serious erosion of its viewer base. Perhaps that explains Rick Santelli's longevity despite Mr Obama's and his supporters appeals for shared sacrifice.

    Rick Santelli’s Latest Rant Rips Buffett Rule | The Gateway Pundit
     
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  6. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Trickle down never works.
     
  7. inALIENable
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    inALIENable BANNED

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    The Buffet rule will slowly crash the stock market.
     
  8. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    I think trickle is better than no trickle.
     
  9. JRK
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    JRK Senior Member

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    Then how did we end up with 30 years of a great economy?
    35?
    5% UE seems to be a dream these days
    with the promise of higher taxes of BHO is re-electd, the economy has reacted until that threat is gone

    I am all for taxing all equally. speaking as though capital gains and income are the same is foolish
    Most people have capital gains from earning welath to begin with
    You cannot have capital gains without wealth you have earned to start with, that has been taxed once all ready (at-least once)

    Encourage wealth creation encourages investment
     
  10. JRK
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    JRK Senior Member

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    aapl has lost 56 billion in welath in the market in 5 days
    those millions who lost that wealth cannot spend it now

    Capital gains is used for allot

    Every stick and brick built with thise gains creates jobs that creates income that creates a tax base

    2007 we were within 163 billion of a balanced budget with a 5% UE rate. Fix the economy, reduce the defict and use the 07 budget as a base-line to run the govt and the problem is solved
     

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