Tax the rich! OK, but then what, Mr. President?

Discussion in 'Economy' started by waltky, Apr 12, 2011.

  1. waltky
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    waltky Wise ol' monkey Supporting Member

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    Granny says, "Tax `em - an' den tax `em some more...
    :eusa_whistle:
    Tax the rich! OK, but then what, Mr. President?
    April 12, 2011 -- For years, President Obama has been clear about his preferred tax policy: Tax the rich more and protect households that make less than $250,000 from higher taxes.
    See also:

    Obama urged to protect Social Security
    April 12, 2011 -- The battle lines over Social Security are being drawn a day before President Obama delivers a major speech on the nation's long-term fiscal dilemma.
    ... an' use dem richfolks taxes to pay for Social Security."
     
    Last edited: Apr 12, 2011
  2. LordBrownTrout
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    LordBrownTrout Gold Member

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    It'll never be enough. We could be taxed at 100 percent and they'd be taxing us on top of that for not bringing in more revenues to tax.
     
  3. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Taxing The Rich is always a prelude to raising taxes on the broad working and middle classes.
     
  4. Oddball
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    Oddball BANNED Supporting Member

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    Then you charge that all who want to rein in spending are mean spirited, hard hearted, cold, cruel, selfish, SOBs, who kick cats and throw burlap sacks full of puppies into the river.
     
  5. AquaAthena
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    AquaAthena INTJ/ INFJ

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    Some suggest "tax the rich to make up the deficit". As of the end of 2010, the total worth of all American billionaires is $1.3 Trillion. We could take ALL their worth, not just high taxes, but ALL their WORTH; and it wouldn't dent our national debt. It wouldn't even pay this year deficit! And if we did take their money to pay some of this year's deficit, what would we we do next year?
     
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  6. asterism
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    asterism Congress != Progress

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    Well that's the real scam in this. "The Rich" can avoid paying just about any tax increase imposed. That's the dirty secret about federal law, it's written by politicians who always carve out niches for their favored fellows.

    Currently the agenda is an attack on small businesses - not rich, but affluent. It's gonna suck for future generations if they succeed. It'll suck even more for my employees if the Progressives are successful. I'll just quit and compete in the job market. That means instead of creating jobs I'll take a few of them away.
     
  7. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Tax the rich and then what?

    Then the budget gets balanced..by Crickey!
     
  8. asterism
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    asterism Congress != Progress

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    How?
     
  9. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Taxes, whether you realize it or not..is the Constitutional way the government raises revenue to pay it's debt.

    And I for one..think that the most of founders ever intended to concentrate vast sums of cash, like 108 billion dollars, into the hands of two men.

    Actually..I know that for a fact.
     
  10. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Revenue goes up.
     

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