"Paying" for tax cuts

Discussion in 'Politics' started by Quantum Windbag, Dec 8, 2010.

  1. Quantum Windbag
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    Quantum Windbag Gold Member

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    Just who does your money belong to anyway?

    Senator Judd Gregg schools MSNBC’s Andrea Mitchell on taxes | Radio Vice Online

    For the record, tax cuts do not add to the deficit. The only thing that adds to the deficit is spending more money than you get.

    Just in case some progressives out there have trouble with the concept I will rephrase this in simpler language. The government is not entitled to anyone's money, no matter how rich they are. Money is not a limited resource, and Bill Gates having billions of dollars is not making anyone poorer. If you take money from him and give it to everyone else all you will accomplish is making Gates poor, you will not make anyone else rich.

    The only way to spend more money than you have is to spend more money than you have.

    Senator Judd Gregg attempts to explain this revolutionary concept to Andrea Mitchell. He is wasting his breath, but I know he is right so I will join him in wasting my time posting the same thing.

    [ame]http://www.youtube.com/watch?v=WkdJAjaceIM&feature=player_embedded[/ame]

    Say it along with me, the only way to add to the deficit is spend more money than you have.Money is artificial, and one person having more of an artificial object does not deny others anything.

    For those here who are rich and think the government should have more of your money, just send it to them. they will be more than happy to take it and find a way to waste it without you insisting that everyone else has to give up their money.
     
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  2. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    This is a good example of why we need an independent citizens group to score legislation.

    The CBO is instructed to cook the scores by assuming that tax policy doesn't affect behavior, which anyone with an ounce of common sense knows is a big bunch-o-b'loney.
     
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  3. 8537
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    8537 Senior Member

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    "Money is not a limited resource"

    I will never understand the misapplication of economics and logic that lead people to make this claim.
     
  4. Ravi
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    Ravi Diamond Member

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    If you must borrow money, at interest, to make up for tax revenue, then certainly tax cuts add to the deficit.
     
  5. Meister
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    Meister VIP Member Supporting Member

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    Who's getting a tax cut? I just see no one is getting a tax increase.
     
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  6. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    The 2 point decrease in Social Security taxes is a tax cut.

    I'd rather that we did without that bit - and then focused on reducing spending.
     
  7. Political Junky
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    Political Junky Gold Member

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    Gregg schools Mrs. Greenspan. :booze::laugh2:
     
    Last edited: Dec 8, 2010
  8. 8537
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    8537 Senior Member

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    as currently proposed in the compromise, anybody who works is getting a tax cut - specifically, a reduction of two percentage points off of their FICA contribution (applied to income up to about 102,000 annually). That equals a tax cut of a $1,000 for someone making 50K and $2,000 for a person making 100K.
     
  9. Intense
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    Intense Senior Member

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    I think we should pass a law that makes it illegal for Liberals to buy anything on sale. Liberals should only pay list price, it is the only honorable thing for them to do. No buy on get one free, no rebates, no credit card miles, apply it to the deficit. Of course Conservatives, being rational beings, are exempted from these minor bumps in the road of life. ;)
     
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  10. Meister
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    Meister VIP Member Supporting Member

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    Great....I get to keep more of my hard earned money for myself and my family. :clap2:
    The politicians would just blow it any ways.
     
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