Buffet rule passage would cost us jobs

[JRK]

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

 

[NYcarbineer]

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

 

[JRK]

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?

 

[Sallow]

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

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.

 

[bitterlyclingin]

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

 

[Sallow]

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?

Trickle down never works.

 

[inALIENable]

The Buffet rule will slowly crash the stock market.

 

[Wiseacre]

I think trickle is better than no trickle.

 

[JRK]

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?

Trickle down never works.

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

 

[JRK]

The Buffet rule will slowly crash the stock market.

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

 

[VaYank5150]

The Buffet rule will slowly crash the stock market.

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

So, where was the jobs explosion are the extension of the Bush tax cuts?

 

[inALIENable]

Everything Obama proposes seems counter-intuitive . . . (scratching head)

 

[JRK]

The Buffet rule will slowly crash the stock market.

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

So, where was the jobs explosion are the extension of the Bush tax cuts?

Job creation is dead until we get a legitimite govt in place that understands what the job market wants
It also must be noted that without jobs, the housing market cannot recover

Tax policy for the long term as well as the haem Obama-care has brought to the free market is 2 un-knowns that investors do not have to put there welath at rish until that time in which we get a legitimte Govt in place

How much in debt would we be if instead of a stimulus we had a tax free holiday for 6 months?
How many jobswould we create if we allowed oil exploration/extraction/delivary and refinement was allowed in all 50 states
regulated

tax policy to reflect floridas?

Its all about policy and the threat of the policies BHO has proven with the right congress he will implement

 

[Mustang]

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

2 things.

1. You shouldn't blindly believe every argument that's thrown your way because the one you're using isn't a very good one.

2. You spelled 'affect' wrong.

 

[Soggy in NOLA]

Not to mention neither Buffet or Obama wants to pay more taxes.

 

[Soggy in NOLA]

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

2 things.

1. You shouldn't blindly believe every argument that's thrown your way because the one you're using isn't a very good one.

2. You spelled 'affect' wrong.

Really? How do you spell affect?

 

[kiwiman127]

This graph should dispel the OP's myth.

Tax rates and job creation in one graph
http://www.washingtonpost.com/blogs...on-in-one-graph/2011/05/19/AGh9Z1oH_blog.html

 

[JRK]

ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb1.txt
2001...... 131,826 110,708 23,873 606 6,826 16,441
2002...... 130,341 108,828 22,557 583 6,716 15,259
2003...... 129,999 108,416 21,816 572 6,735 14,509
2004...... 131,435 109,814 21,882 591 6,976 14,315
2005...... 133,703 111,899 22,190 628 7,336 14,227
2006...... 136,086 114,113 22,530 684 7,691 14,155
2007...... 137,598 115,380 22,233 724 7,630 13,879
2008...... 136,790 114,281 21,335 767 7,162 13,406
those 7 million jobs created after 9-11 and enron has allot to do with tax policy

 

[JRK]

1982...... 89,677 73,695 22,550 1,163 4,024 17,363
1983...... 90,280 74,269 22,110 997 4,065 17,048
1984...... 94,530 78,371 23,435 1,014 4,501 17,920
1985...... 97,511 80,978 23,585 974 4,793 17,819
1986...... 99,474 82,636 23,318 829 4,937 17,552
1987...... 102,088 84,932 23,470 771 5,090 17,609
1988...... 105,345 87,806 23,909 770 5,233 17,906
1989...... 108,014 90,087 24,045 750 5,309 17,985

1990...... 109,487 91,072 23,723 765 5,263 17,695
1991...... 108,374 89,829 22,588 739 4,780 17,068
1992...... 108,726 89,940 22,095 689 4,608 16,799
1993...... 110,844 91,855 22,219 666 4,779 16,774
1994...... 114,291 95,016 22,774 659 5,095 17,020
1995...... 117,298 97,866 23,156 641 5,274 17,241
1996...... 119,708 100,169 23,409 637 5,536 17,237
1997...... 122,776 103,113 23,886 654 5,813 17,419
1998...... 125,930 106,021 24,354 645 6,149 17,560
1999...... 128,993 108,686 24,465 598 6,545 17,322

2000...... 131,785 110,995 24,649 599 6,787 17,263
2001...... 131,826 110,708 23,873 606 6,826 16,441
2002...... 130,341 108,828 22,557 583 6,716 15,259
2003...... 129,999 108,416 21,816 572 6,735 14,509
2004...... 131,435 109,814 21,882 591 6,976 14,315
2005...... 133,703 111,899 22,190 628 7,336 14,227
2006...... 136,086 114,113 22,530 684 7,691 14,155
2007...... 137,598 115,380 22,233 724 7,630 13,879
2008...... 136,790 114,281 21,335 767 7,162 13,406
2009...... 130,807 108,252 18,558 694 6,016 11,847
lets go back to Reagans tax policy

 

[Mustang]

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

2 things.

1. You shouldn't blindly believe every argument that's thrown your way because the one you're using isn't a very good one.

2. You spelled 'affect' wrong.

Really? How do you spell affect?

When it's a noun, with an 'e.' When it's a verb, with an 'a.'