Latest quote on "Spreading the Wealth"

Discussion in 'Congress' started by Modbert, Nov 6, 2008.

  1. Modbert
    Offline

    Modbert Daydream Believer Supporting Member

    Joined:
    Sep 2, 2008
    Messages:
    33,178
    Thanks Received:
    2,957
    Trophy Points:
    48
    Ratings:
    +2,962
    Here is what Obama is saying now: "A few families are fabulously wealthy, contribute far less than they should in taxes, and are indifferent to the poverty of the great masses of the people." "A country in this situation," he went on, "is fraught with continual instability."

    This will be my last thread on here but I saw this and felt I had to post it.

    What does everyone think? Is he right?
     
    • Thank You! Thank You! x 1
  2. SwingVoter
    Offline

    SwingVoter VIP Member

    Joined:
    Aug 30, 2008
    Messages:
    1,246
    Thanks Received:
    123
    Trophy Points:
    83
    Location:
    Richmond, Virginia
    Ratings:
    +129
    The first part about more taxes is fine, but most people making millions voted for him, so I guess he's now focusing his holier-than-thou smugness on his own supporters.
     
  3. dilloduck
    Offline

    dilloduck Diamond Member

    Joined:
    May 8, 2004
    Messages:
    53,240
    Thanks Received:
    5,552
    Trophy Points:
    1,850
    Location:
    Austin, TX
    Ratings:
    +6,403
    I think he's ramping up class warfare--exactly how is that going to provide any stability ? Night Robby, it was great having ya !
     
  4. SwingVoter
    Offline

    SwingVoter VIP Member

    Joined:
    Aug 30, 2008
    Messages:
    1,246
    Thanks Received:
    123
    Trophy Points:
    83
    Location:
    Richmond, Virginia
    Ratings:
    +129
    But I'd also say there's only one way to the balance the budget, especially with the GOP becoming a big government socialist org, you have to raise taxes on high earners like Clinton did. But if Obama goes anywhere near Jimmy Carter's tax rates, he'll share Jimmy Carter's re-election results
     
  5. Modbert
    Offline

    Modbert Daydream Believer Supporting Member

    Joined:
    Sep 2, 2008
    Messages:
    33,178
    Thanks Received:
    2,957
    Trophy Points:
    48
    Ratings:
    +2,962
    What were Jimmy Carter's tax rates again? About 70% right?
     
  6. SwingVoter
    Offline

    SwingVoter VIP Member

    Joined:
    Aug 30, 2008
    Messages:
    1,246
    Thanks Received:
    123
    Trophy Points:
    83
    Location:
    Richmond, Virginia
    Ratings:
    +129
    Yes.

    Everything I've heard is that O wants to go back to 39.6, which was Clinton's top rate. That would be fine and if it were as damaging as the GOP claims, Clinton wouldn't have presided over the creation of 21 million private sector jobs. Still, would help if O got a lot more specific. Election's over, and he needs to replace vague themes like hope and change with specific details on tax rates and economic plans.
     
    • Thank You! Thank You! x 1
  7. SwingVoter
    Offline

    SwingVoter VIP Member

    Joined:
    Aug 30, 2008
    Messages:
    1,246
    Thanks Received:
    123
    Trophy Points:
    83
    Location:
    Richmond, Virginia
    Ratings:
    +129
    until there's a political party that will cut spending on massive programs like socialist security and medicare, we have to have class warfare to balance the budget, mac's attacks on earmarks just furthered the idea that he had a weak grasp on short division
     
    • Thank You! Thank You! x 1
  8. dilloduck
    Offline

    dilloduck Diamond Member

    Joined:
    May 8, 2004
    Messages:
    53,240
    Thanks Received:
    5,552
    Trophy Points:
    1,850
    Location:
    Austin, TX
    Ratings:
    +6,403
    He has to make them up first. :lol:
     
  9. Skeptik
    Offline

    Skeptik Astute observer

    Joined:
    Oct 19, 2008
    Messages:
    727
    Thanks Received:
    98
    Trophy Points:
    28
    Location:
    The late great Bear Flag Republic
    Ratings:
    +98
    Yes, the marginal income tax rate was 70% during the Carter and Nixon years, down from the 91% rate of the Eisenhower years.

    It was around 50% during the Reagan years.

    It wasn't until fairly recently that the rate dropped into the high 20's to 30's.

    Source:

    Top US Marginal Income Tax Rates, 1913--2003 (TruthAndPolitics.org)
     
  10. Modbert
    Offline

    Modbert Daydream Believer Supporting Member

    Joined:
    Sep 2, 2008
    Messages:
    33,178
    Thanks Received:
    2,957
    Trophy Points:
    48
    Ratings:
    +2,962
    Thats actually the link I used to find the 70% mark and posted it here before. ;)
     

Share This Page