Buffet rule passage would cost us jobs

[JRK]

well thank you for the Grammer lesson
Common sense guides all that I do
It is common sense that states if we go back to the 2007 budget, we have a place to start
the govt did fine in 07
we won Iraq, we are going to reduce the cost we have in Afgahn, in time that expense will go away

Obamcare is on life supprt, that debt will I think be gone by June, if not after the election

Jobs will return when the Nov election is done
we allow the oil sector is allowed to expand
and the housing market will follow

5% UE was a reality until the Dens took over congress in 07, this is a fact
There far left agenda along with some very greedy people in the housing market has killed that for now

One was stopped during the 2010 mid terms, the other will be complete in 2012, come November

No-one has to tell me this, I have lived it
supplied the information to back it up

 

[starcraftzzz]

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

God this myth never dies. Capital gains is money that is invested the taxes are on the gains from that investment meaning it wasn't taxed already. Essentially youa rae saying that because my income from last year was taxes that taxing my income this year would be double taxation

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?

Trickle down works only if by working you mean making millionaires and billionaires richer. Ever since the implementation of trickle down the wealth and income of the poorest 80% of Americans has declined

 

[Jackson]

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

And Santelli nailed it. It's not about the millionaires...it's about this horrific debt! Do we ever learn? It's a Bait and Switch tactic from the Bait and Switch President. Take your eye off the real problem.

 

[BDBoop]

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

Oh, I know! Because the people with the wealth have done such a SPIFFY job of trickling down the wealth.

 

[Jackson]

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.

But the point is, is that our real problem is the debt an no one is really paying attention.

 

[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

Oh, I know! Because the people with the wealth have done such a SPIFFY job of trickling down the wealth.

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
Thats when the RR tax cuts began and Trickle down economics began
loks like it worked to me
ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb1.txt

 

[starcraftzzz]

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

The tax revenue is used by the government to make purchases or hire people. Given that the rich are hoarding and sitting on money; Taxing them and using that money to invest in something would result in more growth

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

No incorrect that person making 1million a year will not see their living standards decreases because they pay 50,000 in taxes. When you make that much money you are purchasing everything you want and end up with a lot of left over money

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

I see so according to you moving to a tax system that would result in half of Americans being in poverty and result in poor people paying more 10 times more in taxes then billionaires is fair. Perhaps you do not know what "fair" means

Obamcare is on life supprt, that debt will I think be gone by June, if not after the election

Obamacare reduces the debt/deficit by trillions of dollars.

5% UE was a reality until the Dens took over congress in 07, this is a fact

God only brainwashed retard or a partisan hack would blame Democrats who took control in 2007 for the housing bubble/financial crises that started in 2002.

There far left agenda along with some very greedy people in the housing market has killed that for now

ROTFL the far left agenda include regulations of which deregulation made the panic/bubble possible. Its the Right agenda that pushed deregulation and caused our current mess

No-one has to tell me this, I have lived it
supplied the information to back it up

God you can't even talk i complete sentences or with an 8th grade level of grammar.

Then how did we end up with 30 years of a great economy?

GDP growth from 1980-2012 has been around 30% less then it was from 1934-1980.
The poverty rate from 1935-1980 fell from 60% to 12% compared with 1980-2012 resulting in the poverty rate increase to 15%.
Furthermore during 1935-1980 wealth and income for the bottom 80% of Americans increased by more then 40% while after 1980 it has declined.

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

Except for the fact that so far Obama has provided the largest middle class tax cuts ever.

 

[Dont Taz Me Bro]

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

Cutting government spending does the same thing and would, in fact, be far more effective since the Buffett Rule barely makes a dent in the annual budget deficits, which Obama himself admits. It is an election year gimmick attempt to stir up division between the haves and the have-nots and nothing more.

Rebuffing Obama’s ‘Buffett Rule’ - The Washington Post

 

[Dont Taz Me Bro]

This graph should dispel the OP's myth.

Tax rates and job creation in one graph
Tax rates and job creation in one graph - The Washington Post

Not necessarily. You haven't factored globalization into the equation.

 

[JRK]

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

The tax revenue is used by the government to make purchases or hire people. Given that the rich are hoarding and sitting on money; Taxing them and using that money to invest in something would result in more growth

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

No incorrect that person making 1million a year will not see their living standards decreases because they pay 50,000 in taxes. When you make that much money you are purchasing everything you want and end up with a lot of left over money


I see so according to you moving to a tax system that would result in half of Americans being in poverty and result in poor people paying more 10 times more in taxes then billionaires is fair. Perhaps you do not know what "fair" means


Obamacare reduces the debt/deficit by trillions of dollars.


God only brainwashed retard or a partisan hack would blame Democrats who took control in 2007 for the housing bubble/financial crises that started in 2002.


ROTFL the far left agenda include regulations of which deregulation made the panic/bubble possible. Its the Right agenda that pushed deregulation and caused our current mess



God you can't even talk i complete sentences or with an 8th grade level of grammar.

Then how did we end up with 30 years of a great economy?

GDP growth from 1980-2012 has been around 30% less then it was from 1934-1980.
The poverty rate from 1935-1980 fell from 60% to 12% compared with 1980-2012 resulting in the poverty rate increase to 15%.
Furthermore during 1935-1980 wealth and income for the bottom 80% of Americans increased by more then 40% while after 1980 it has declined.

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

Except for the fact that so far Obama has provided the largest middle class tax cuts ever.

Grammer?
you want to make this personal?
you libs kill me

How simple do you want make this?
according to your thread we should be rolling in jobs and wealth. What is the difference in higher taxes and printing trillions?

The govt. has spent over 5 trillion dollars we do not have scince Obama took office
And your links you have provided to back those claims up are, well they do not exist
New study shows ObamaCare increases deficit, knocking down president's vow | Fox News
CBS agrees
CBO agrees
There is yourr first lie anout Obam-care and the Debt

Look you want to talk about the economy, fine
you want to insult people, then jusy go away

And one more thing English teacher
WHO SAID I BLAMED THE HOUSING BUBBLE ON THE DEMS?
YOU DID
The fact that the bubble bursting and the Dems taking congress has nothing to do with the bubble
It is the failure to recover from it

 

[JRK]

One more thing Mr. English teacher
Obama's hisoric tax breaks is pure spin

Lowering my payroll tax to a point that saves me 10.00 a week is fine, but it is not historic
Lowering my income tax as GWB did was historic, all BHO did was re-up it
Thats lie # 2
Grammer?
from the Post

John F. Kennedy seems to win the prize for biggest tax cut, at least in the last half century. By the same measure, the income tax provisions of George W. Bush tax cuts are more than twice as large as Obama’s tax cut over the same three-year time span. (Yes, a large portion of Bush’s tax cut went to the wealthy, but it also benefited the working poor. We still don’t know what Obama means by “middle class,” since his definition also seems to include the working poor.)

Obama’s whopper of a claim on tax cuts - The Washington Post

Mr Grammer I never call people a liar, just mis informed
But one thing I did learn in the 8th grade is to do your DD before you makae a fool out of your self

 

[Katzndogz]

How about we don't give the government any more money until they start spending what they got wisely.

If you had a financial advisor that told you Solyandra or Solar Trust was a good investment and you lost millions, would you give that advisor more money?

If you had a supervisor that permitted a department to party like the GSA has THEN ask for another 80 million dollars because they had increases in operating costs would you keep that supervisor on the payroll?

This is a government so totally out of control that it defies description. Not since the orgies of Rome has there been such a government.

The presidebt says that his job is to look for vacation spots. His own personal protection staff cheats hookers. This is corruption on every level.

 

[starcraftzzz]

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

Cutting government spending does the same thing and would, in fact, be far more effective since the Buffett Rule barely makes a dent in the annual budget deficits, which Obama himself admits. It is an election year gimmick attempt to stir up division between the haves and the have-nots and nothing more.

Yes but there really is no wasteful government spending to cut besides military/immigration spend of which republicans refuse to cut

 

[BlindBoo]

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?

Do you understand capital gains? The gain is profit and has not been taxed. It should be treated as income.

Trickle down has not worked unless you consider reducing the purchasing power of the middle class.

 

[JRK]

How about we don't give the government any more money until they start spending what they got wisely.

If you had a financial advisor that told you Solyandra or Solar Trust was a good investment and you lost millions, would you give that advisor more money?

If you had a supervisor that permitted a department to party like the GSA has THEN ask for another 80 million dollars because they had increases in operating costs would you keep that supervisor on the payroll?

This is a government so totally out of control that it defies description. Not since the orgies of Rome has there been such a government.

The presidebt says that his job is to look for vacation spots. His own personal protection staff cheats hookers. This is corruption on every level.

Like I said
Use the 07 budget as a base-line to start from
Obama and his staff have no idea what there doing
Spending the welath they have with the results we have from it speaks volumes

Your thread is spot on

 

[starcraftzzz]

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

The tax revenue is used by the government to make purchases or hire people. Given that the rich are hoarding and sitting on money; Taxing them and using that money to invest in something would result in more growth

No incorrect that person making 1million a year will not see their living standards decreases because they pay 50,000 in taxes. When you make that much money you are purchasing everything you want and end up with a lot of left over money


I see so according to you moving to a tax system that would result in half of Americans being in poverty and result in poor people paying more 10 times more in taxes then billionaires is fair. Perhaps you do not know what "fair" means


Obamacare reduces the debt/deficit by trillions of dollars.


God only brainwashed retard or a partisan hack would blame Democrats who took control in 2007 for the housing bubble/financial crises that started in 2002.


ROTFL the far left agenda include regulations of which deregulation made the panic/bubble possible. Its the Right agenda that pushed deregulation and caused our current mess



God you can't even talk i complete sentences or with an 8th grade level of grammar.


GDP growth from 1980-2012 has been around 30% less then it was from 1934-1980.
The poverty rate from 1935-1980 fell from 60% to 12% compared with 1980-2012 resulting in the poverty rate increase to 15%.
Furthermore during 1935-1980 wealth and income for the bottom 80% of Americans increased by more then 40% while after 1980 it has declined.

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

Except for the fact that so far Obama has provided the largest middle class tax cuts ever.

Grammer?
you want to make this personal?
you libs kill me

What kills me is that you'd flunk a 3rd grade English class and then go on to call other people idiots.

How simple do you want make this?

You're sentences if we can call them that can't get any more smple.

according to your thread we should be rolling in jobs and wealth. What is the difference in higher taxes and printing trillions?

See here is the problem your English skills are so poor that its hard to even know what you are saying.

The govt. has spent over 5 trillion dollars we do not have scince Obama took office

You're logic is retarded. You can't spend money that you dont have. What are you going to say next that people are eating food that doesn't exists.

And your links you have provided to back those claims up are, well they do not exist
New study shows ObamaCare increases deficit, knocking down president's vow | Fox News

See this is part of your problem you're English skills are so shitty that you didn't understand the part of your source that stated that the reason it concludes that Obamacare increase the deficit is because they excluded all the measures in Obamacare that reduced the deficit

CBO agrees

Nope according to the CBO's news analysis Obamacare is expected to reduce the deficit by 50billiion more then thought over the same time periods. Perhaps if you could read you'd know this.

Look you want to talk about the economy, fine
you want to insult people, then jusy go away

I'll make a deal, you stop insulting yourself with your stupid posts and then I'll stop insulting you for your stupid posts

And one more thing English teacher
WHO SAID I BLAMED THE HOUSING BUBBLE ON THE DEMS?
YOU DID
The fact that the bubble bursting and the Dems taking congress has nothing to do with the bubble
It is the failure to recover from it

The last time we had a banking crises similar in size to the current one. The result was the Great depression. So under the Democrats we've recovered far better then under republicans in similar economic circumstances.

 

[JRK]

The tax revenue is used by the government to make purchases or hire people. Given that the rich are hoarding and sitting on money; Taxing them and using that money to invest in something would result in more growth

No incorrect that person making 1million a year will not see their living standards decreases because they pay 50,000 in taxes. When you make that much money you are purchasing everything you want and end up with a lot of left over money


I see so according to you moving to a tax system that would result in half of Americans being in poverty and result in poor people paying more 10 times more in taxes then billionaires is fair. Perhaps you do not know what "fair" means


Obamacare reduces the debt/deficit by trillions of dollars.


God only brainwashed retard or a partisan hack would blame Democrats who took control in 2007 for the housing bubble/financial crises that started in 2002.


ROTFL the far left agenda include regulations of which deregulation made the panic/bubble possible. Its the Right agenda that pushed deregulation and caused our current mess



God you can't even talk i complete sentences or with an 8th grade level of grammar.


GDP growth from 1980-2012 has been around 30% less then it was from 1934-1980.
The poverty rate from 1935-1980 fell from 60% to 12% compared with 1980-2012 resulting in the poverty rate increase to 15%.
Furthermore during 1935-1980 wealth and income for the bottom 80% of Americans increased by more then 40% while after 1980 it has declined.




Except for the fact that so far Obama has provided the largest middle class tax cuts ever.

Grammer?
you want to make this personal?
you libs kill me

What kills me is that you'd flunk a 3rd grade English class and then go on to call other people idiots.

You're sentences if we can call them that can't get any more smple.

See here is the problem your English skills are so poor that its hard to even know what you are saying.

You're logic is retarded. You can't spend money that you dont have. What are you going to say next that people are eating food that doesn't exists.

See this is part of your problem you're English skills are so shitty that you didn't understand the part of your source that stated that the reason it concludes that Obamacare increase the deficit is because they excluded all the measures in Obamacare that reduced the deficit


Nope according to the CBO's news analysis Obamacare is expected to reduce the deficit by 50billiion more then thought over the same time periods. Perhaps if you could read you'd know this.

Look you want to talk about the economy, fine
you want to insult people, then jusy go away

I'll make a deal, you stop insulting yourself with your stupid posts and then I'll stop insulting you for your stupid posts

And one more thing English teacher
WHO SAID I BLAMED THE HOUSING BUBBLE ON THE DEMS?
YOU DID
The fact that the bubble bursting and the Dems taking congress has nothing to do with the bubble
It is the failure to recover from it

The last time we had a banking crises similar in size to the current one. The result was the Great depression. So under the Democrats we've recovered far better then under republicans in similar economic circumstances.

retarded?
at least I am not a liar
You Liberals take a class in lying followed up by insulting your fellow Americans just because we dis agree?
Calling me retarded shows your age dude
12 maybe 14
You find in life that people will not allways agree. Lying about that followed by calling that person retarded usually gets your ass kicked
So chill out
Oh yea another lie added to you total
New CBO Report Proves We Cannot Afford Obamacare
The Info is from the CBO, Heritage is just reporting it

Dude this is just information, stop taking it so personal
Grammer good enough for you to understand that?
Grow up, Chill out
Learn to do some DD, your making a fool of yourself calling people retarded when you have been caught in a lie 3 times in just the last 10 minutes

 

[JRK]

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

Cutting government spending does the same thing and would, in fact, be far more effective since the Buffett Rule barely makes a dent in the annual budget deficits, which Obama himself admits. It is an election year gimmick attempt to stir up division between the haves and the have-nots and nothing more.

Yes but there really is no wasteful government spending to cut besides military/immigration spend of which republicans refuse to cut

If we go back to the 07 budget
adjust for inflation
Allow domestic drilling on public lands as well as the expansion of the same in states such as Florida (well regulated as well as land based)
Allow the expansion of refinaries and Pipelines (well regulated)
Repeal Obamcare and replace with a common sense plan that excludes madatory purchasing of coverage
That would balance our budget with a 5% UE rate
Then we could take our time with a real health-care plan and true tax reform

U.S. 2007 Budget Deficit Falls to $163 Billion (Update3) - Bloomberg

 

[Dont Taz Me Bro]

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

Cutting government spending does the same thing and would, in fact, be far more effective since the Buffett Rule barely makes a dent in the annual budget deficits, which Obama himself admits. It is an election year gimmick attempt to stir up division between the haves and the have-nots and nothing more.

Yes but there really is no wasteful government spending to cut besides military/immigration spend of which republicans refuse to cut

There are plenty of things they can cut. First of all, you're right about the military. The military is rife with waste, but so many Congressmen benefit from having contractors and bases in their districts so they fight these cuts tooth and nail. The Republicans are much worse about it than the Democrats and their stubbornness on this subject is one reason why they can't bring Democrats to the table to reform spending on Medicare and Social Security. The Republicans in particular like to hide behind the veil of patriotism and terrorism to justify our massive and over zealous military budget. Eisenhower's warning about the military industrial complex has come true.

Then of course, the Social Security retirement age could be raised gradually and it could be means tested. Medicare can be reformed, foreign aid should be completely eliminated, in my opinion, and earmarks can be scaled back. The welfare state should be more restricted to who is allowed to pull from it. Then there are the layers of federal bureaucratic departments that we simply don't need to have and I would start with the GSA, since they probably have the most ire directed at them right now. A lot of the cabinet level positions and federal departments can be completely eliminated and the individual states can create their own agencies if they want them. Better to keep those jobs and money local anyway, in my opinion.

 

[Dont Taz Me Bro]

Do you understand capital gains?

It's taxed at the corporate level prior to being realized as a capital gain to the individual shareholder, hence the reason many people refer to a capital gains tax as double taxation.