Fiscal Cliff? Tax the Rich

[mudwhistle]

You know what? I'd be okay with everyone making over $250,000 a year paying "a little bit more" in income taxes if I could be sure Obama wouldn't just spend it.

.

You know, Obama has spent more in the last month and a half than Bush's last deficit before the Dems won Congress. So far Obama has spent $230 billion dollars since the Democratic Convention.

He's never gonna cut his spending.....because he doesn't know how to budget himself.

 

[clevergirl]

You never got a job that didn't involve poor people needing goods and services.

Just saying.

What does that mean? Everyone needs goods and services. Small business is disappearing due to taxation...period. Their disappearing act begins with a shrinking workforce.

He was spanked hard for that idiocy. But Leftists have no self respect.

They will say anything for more free stuff.

Well, we all need to line up for our free stuff... Takers is what they want, let's all take.

The real shit hitting the fiscal fan will begin in less then 18 mos imo.

 

[JoeB131]

I never got a job from a poor person. Just sayin'.

You never got a job that didn't involve poor people needing goods and services.

Just saying.

What does that mean? Everyone needs goods and services. Small business is disappearing due to taxation...period. Their disappearing act begins with a shrinking workforce.

Small businesses are disappearing because you can usually buy things on line a lot easier than going through a middle man.

But I'm sure that's Obama's fault, too.

 

[JoeB131]

You can't prove that BS, but it is clear from your comments on this board, he made the right choice...

I would fire your ass today...

actually, my lawyer said I had a pretty good case.


And they specifically offered me $10,000 contingent on my NOT suing them. So, um, yeah. they did.

Fired three other people the same day. They all had medical issues within the previous two years. One of them actualy IS suing.

Then why didn't you go through with it?

1) I had a new job within two weeks of losing that one. (My resume is just that strong.)

2) Suing would have been a long process, and the last thing I want showing up on background checks when looking for future jobs is my name coming up on public records of suing employers.

3) If I had sued, I'd have had to call a lot of my co-workers to the stand to validate what I had to say. I simply didn't want to put them in that position.

There were a lot of other things going on as well. In their attempt to get me to quit of my own volition, they actually did some dumb-ass shit to try to get me to quit, so in some ways, I was glad it was over. There was a three-month period where they paid me to do absolutely nothing. Seriously. For three months.

The point I was making is that this job demonstrated to me that all the fights over guns and abortion and gays at the end of the day are unimportant. the ONLY important fight is between those who have the money and those who do the work.

And the Republicans are on the side of those who have the money.

 

[Stephanie]

1. Do you believe that Americans need to make sacrifices to fix our fiscal problems?

if your answer is 'yes'

2. Do you believe that the sacrifice should be shared?

if your answer is 'yes'

3. What should be the sacrifice of America's wealthy/high income earners, as their share?

Be specific.

what do you think the so called people you all label "poor" should sacrifice as their fair share?

Okay, that's 2 votes for exempting the Rich from the shared national sacrifice that needs to be made.

Anyone else?

Question for you, Stephanie:

What do you believe you should sacrifice, as your share of the sacrifices needed to be made?

I have and STILL DO sacrifice...I pay federal and state TAXES since I was 15 years old

 

[logical4u]

You never got a job that didn't involve poor people needing goods and services.

Just saying.

What does that mean? Everyone needs goods and services. Small business is disappearing due to taxation...period. Their disappearing act begins with a shrinking workforce.

Small businesses are disappearing because you can usually buy things on line a lot easier than going through a middle man.

But I'm sure that's Obama's fault, too.

That middle man, being the "tax man" (the gov't). People have discovered they do not have to pay taxes online (for the most part).

I think a lot of people that buy online would love to see and touch a product before purchasing it, but the gov't has their boot on the neck of the business owner, demanding payment; the cost of the product RISES (and that is not including all the regulations forcing them to operate within narrow guidelines for public access).

 

[Oldstyle]

1. So far, you hadn't been in the thread

2. what part of the word share don't you understand?

When roughly half the population pays no Federal income tax yet can vote to make those who DO pay Federal income tax, pay more...then you're going to have a hard time convincing me that there is much in the way of "sharing" going on.

When EVERYONE has some "skin in the game" then get back to me because at THAT point the wasteful spending will come to an abrupt halt.

They don't pay federal income tax because they don't make much money.

So your position is, the Rich are overtaxed and the Poor are undertaxed, so let's balance the budget totally on the backs of the Poor.

Seriously?

No, my "position" is that when people don't have to pay taxes they are more than willing to raise the taxes of others that do. What I propose is that EVERYONE should pay taxes so that they actually care about waste in government because right now...they obviously don't because the money being wasted didn't come out of their pockets and you progressives have them convinced that there is plenty more cash where that came from. My "position" is that when everyone has to pay taxes then the nonchalance when it comes to the spending of other people's hard earned money will vanish once it becomes THEIR hard earned money.

I don't think the rich are overtaxed by the way. The tax rate they pay now is fine. I simply understand that raising the taxes they DO pay in a weak economy will cost us more jobs...something which progressives just don't seem to care about. Those lost jobs won't be coming from the ranks of the "rich"...they will be coming from the Middle Class.

I would however lower the tax rate on businesses simply so OURS can compete better with THEIRS...something else you progressives don't seem to care much about.

 

[boedicca]

The Inimitable Iowahawk says it best:

(in sum, even if we take away All Of The Money from The Rich, we still have a big deficit problem).

Feed Your Family on $10 Billion a Day

Seems like these days I hear a lot of whiney whiners whining about "out of control government spending" and "insane deficits" and such, trying to make hay out of a bunch of pointy-head boring finance hooey. Sure, $3.7 trillion of spending sounds like a big number. "Oh, boo-hoo, how are we going to get $3.7 trillion dollars? We're broke, boo-hoo-hoo," whine the whiners. What these skinflint crybabies fail to realize is that $3.7 trillion is for an entire year - which translates into only a measly $10 billion per day!

Mister, I call that a bargain. Especially since it pays for all of us - you and me, the whole American family. Like all families, we Americas have to pay for things - health, food, safety, uncle Dave America with his drinking problem. And when little Billy America wants that new quad runner they promised, do Mom and Dad America deny him? No, they get a second job at Circle K, because they know little Billy might have one of his episodes and burn down the house.

So let's all sit down together as an American family with a calendar and make a yearly budget. First, let's lock in the $3.7 trillion of critical family spending priorities; now let's get to work on collecting the pay-as-we-go $10 billion daily cash flow we need.

12:01 AM, January 1
Let's start the year out right by going after some evil corporations and their obscene profits. And who is more evil than those twin spawns of Lucifer himself, Exxon Mobil and Walmart? Together these two largest American industrial behemoths raked in, between them, $34 billion in 2010 global profits. Let's teach 'em both a lesson and confiscate it for the public good. This will get us through...

9:52 AM January 4
Okay, maybe I underestimated our take. But we shouldn't let Exxon and Walmart distract us from all those other corporate profiteers out there worth shaking down. In fact, why don't we grab every cent of 2010 profit made by the other 498 members of the Fortune 500? That will net us another, let's see, $357 billion! Enough to get us to...

2:00 AM February 9
So we're running out of corporate cash, but look - it's Super Bowl time! As we all know, the game has become a crass disgusting festival of commercialism. So let's take all the TV ad money spent on stupid Super Bowl ads, and apply that to government needs. That would be $250 million, enough to fund us for, let's see... 36 minutes. The half time show, at least. But why stop there? Let's take every cent of ad money spent on all 45 Super Bowls, a cool $5 billion, which would cover us until...

2:00 PM February 9
Speaking of sports, why should the players be immune to our pressing public needs? Lord knows professional athletes make obscene salaries for playing a dumb game. So let's take the combined salaries of all players in the NFL, Major League Baseball, the NBA, and the NHL. Hey, they've got endorsement deals, they'll hardly miss it. Throw in the total winnings of everybody on the PGA tour and NASCAR, and we get $9.4 billion, enough to get us through until...

1:00 PM February 10
Okay, it's time to stop messing around. Athletes aren't the only ones greedily raking it in. What about America's rich - those fancy pants fat cats living the high life in the above-$250,000 income bracket? According to IRS statistics, these 1.93% of US households are hogging 25% of US income. And why do they need it? For crying out loud, they probably stole it anyway. I say let's take 100% of every penny they make above $250,000. They can use the rest to pay their state and local taxes. Now we're talking big bucks, brother. How much? Let's see...



A: Number of US households: 116,000,000
B: Average US household income: $68,000 (median = $52,000)
C: Total US household income (A * B): $7.89 trillion
D: Percent of households above $250k income: 1.93%
E: Number of households above $250k income (A*D): 2,238,800
F: Percent of national income earned by households making $250k or more = 25%
G: Total income of households making $250k or more (C*F): $1.97 trillion
H: Total income of households in excess of $250k (G - E*$250,000) = $1.412 trillion



Alright! Take that, fat cats! Our $1.412 trillion windfall has us covered for the next 141 days, or until.....

iowahawk: Feed Your Family on $10 Billion a Day