Latest quote on "Spreading the Wealth"

[xsited1]

decreasing should, i noted such....but if the newly generated revenues because of a good economy, after the spending cuts are not enough and we continue to borrow TRILLIONS as we did under pres bush from china etc with the debt payback of the SS surplus at our doorstep, we need ti be considering it if and when we are in good solid times, for our own security imo.

Yes, you did. My apologies. Borrowing money that you can't pay back is, of course, never a good idea.

 

[xsited1]

but it will increase federal tax receipts, and reduce the need to borrow from China, which will benefit the economy in the future

let's just hope we've sent compassionate conservatism to the graveyard, it did more damage to the budget than any crazy liberal like Dukakis or Kerry ever could have

Not necessarily. Increasing federal taxes might increase tax receipts, but that usually doesn't happen. Usually people find ways to move their earnings out of the country when they become too oppresive. It's interesting that in some cases, lowering taxes actually increases tax receipts. It's like lowering the price of a product and watching sales skyrocket. As long as you don't lower them too much, you'll get a revenue and earnings boost.

 

[Shadow]

i wasn't his biggest supporter, i was a supporter of not rewarding republicans with another term in office because they DID NOT deserve the 3rd chance...

fool me once, shame on you, fool me twice, shame on me....a third time was just unacceptable to me!

....(my time was spent defending the lies about him, because i just don't sit well when lies are told....like him being a muslim, him not being born in hawaii, etc, etc, etc....)

i am a democrat and believe in many of the democratic solutions put forth for different issues but i was saying LONG before election day, that i felt it would take cutting spending, a good strong economy and tax increases to eventually get us out of this gigantic mess....i can find the links for you if you like jsanders....

care

You certainly had no problem spreading lies about Gov Palin and participating in sexism toward her too. Hypocrit much.

 

[random3434]

Originally Posted by Modbert
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?

He's wrong, of course. Who is he to say how much the wealthy should contribute in taxes? He definitely sounds like an elitist and authoritarian. He's certainly not a friend of liberty.

Well xsited, you do know this quote is not really Obamas, but Dwight D. Eisenhower's, right?



Ike Wanted to Spread Wealth, Too | CommonDreams.org

 

[Modbert]

Well xsited, you do know this quote is not really Obamas, but Dwight D. Eisenhower's, right?



Ike Wanted to Spread Wealth, Too | CommonDreams.org

 

[Red Dawn]

Well xsited, you do know this quote is not really Obamas, but Dwight D. Eisenhower's, right?



Ike Wanted to Spread Wealth, Too | CommonDreams.org

The problem with conservatives, is they actually don't know anything about what history's great conservative thinkers and Republican politicians ( your Eisenhower quote - Teddy Roosevelt too) have said about wealth and progressive taxation. I think they've been so propagandized by Rush Limbaugh and Sean Hannity for the last two decades, that they don't realize progressive taxation and limiting the vast accumulation of wealth by a few families (i.e., the aristocracy) was not only a goal of most of the founders, but progressive taxation itself was first proposed by the most famous conservative economist in history.

ADAM SMITH: "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable.

It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion"

 

[Modbert]

The problem with conservatives, is they actually don't know anything about what history's great conservative thinkers and Republican politicians ( your Eisenhower quote - Teddy Roosevelt too) have said about wealth and progressive taxation. I think they've been so propagandized by Rush Limbaugh and Sean Hannity for the last two decades, that they don't realize progressive taxation and limiting the vast accumulation of wealth by a few families (i.e., the aristocracy) was not only a goal of most of the founders, but progressive taxation itself was first proposed by the most famous conservative economist in history.

That was a point sorta I was trying to make with this thread.

Well two actually.

1.) Some people are against Obama so much that any "spread the wealth" quote said is linked to him without question and he's called evil for it.

2.) This is not the first time and the only time in history that the tax rate is being told it needs to be raised. Except in Eisenhower's time it was 70% so it was kept the same.

This is the most major flaw in Capitalism, when the rich get too rich and the poor become too poor. It happened before and during The Great Depression and has gotten worse today.

 

[Turboswede]

The problem with conservatives, is they actually don't know anything about what history's great conservative thinkers and Republican politicians ( your Eisenhower quote - Teddy Roosevelt too) have said about wealth and progressive taxation. I think they've been so propagandized by Rush Limbaugh and Sean Hannity for the last two decades, that they don't realize progressive taxation and limiting the vast accumulation of wealth by a few families (i.e., the aristocracy) was not only a goal of most of the founders, but progressive taxation itself was first proposed by the most famous conservative economist in history.

I love it…I am just waiting for someone to come back and claim that this “Adam Smith” you quoted must be some socialist Marxist Euro trash and that you are a socialist for bringing him up.