What does the wealthy do with their tax cuts?

Discussion in 'Politics' started by kyzr, Apr 13, 2011.

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What do the wealthy do with their tax cuts???

Poll closed Apr 14, 2011.
  1. Create more US jobs

    8 vote(s)
    33.3%
  2. Move more factories and jobs overseas

    14 vote(s)
    58.3%
  3. Buy more foreign cars and goods

    8 vote(s)
    33.3%
  4. Travel overseas to exotic places

    7 vote(s)
    29.2%
  5. Donate more to charity

    6 vote(s)
    25.0%
  6. Donate to political parties to get more tax loop-holes

    15 vote(s)
    62.5%
  7. Buy more stocks, bonds and commodities (oil, gold, etc.)

    13 vote(s)
    54.2%
  8. Put more money in the local comminity bank

    4 vote(s)
    16.7%
  9. Put more money in off-shore tax shelters

    16 vote(s)
    66.7%
  10. Put more money in Hedge Funds

    13 vote(s)
    54.2%
Multiple votes are allowed.
  1. kyzr
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    kyzr Gold Member

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    We've had the Bush tax cuts for several years now, and I'm still waiting to see the jobs being created with all those $$billions of lost tax revenue.

    The rich must be doing other things with their tax cuts....
     
  2. Oddball
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    Oddball BANNED Supporting Member

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    The unemployment rate for most of the Bush years was at or under 5%.

    What motivation do the investors and producers have today to invest and produce, when they don't know what next stupid edict form Boiking threatens to make their efforts futile ?
     
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  3. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    When the size of the federal government increases by 25% in less than three years, it sucks the air out of GDP growth. Businesses create jobs when they believe their market opportunity is going to increase. When economic growth is virtually nonexistent, their incentive is to reduce costs.

    Thanks Obama!
     
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  4. kyzr
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    kyzr Gold Member

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    The US economy used to be a real powerhouse, up until they moved 14,000 US factories overseas, paid for with Bush's American Jobs Creation Act. Then the Clinton "Community Reinvestment Act" went south when the borrowers lost their jobs and the banks foreclosed. Then Wall Street (Lehman, WashMu, AIG, Fannie, Freddie, etc.) went belly-up. GM went down.

    I'm not bragging about the 5% unemployment rate especially after the GOP had to slither out of town with the economy a total mess.
     
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  5. Oddball
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    Oddball BANNED Supporting Member

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    Oh, fuck me!

    When are you going to finally blame excessive regulation, taxation and bureaucracy for chasing jobs out of the country?

    What's my incentive to hang around, when I'm blamed for everything from ring-around-the-collar to killing children?

    Fuck me running.....
     
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  6. Midnight Marauder
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    Midnight Marauder BANNED

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    Anything they want. It's their money.

    We had three threads already, a few weeks ago, with this same regurgitated simple minded infantile talking point. It was as easily debunked and shot down then as it is now.
     
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  7. The T
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    The T George S. Patton Party Supporting Member

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    Only threats to take MORE from them?
     
  8. WillowTree
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    WillowTree Diamond Member

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    The real question is what does obie wan do when he runs out of evil rich people to tax.. whose gonna feed his minions then?
     
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  9. The T
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    The T George S. Patton Party Supporting Member

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    He'll start another WAR...
     
  10. ClosedCaption
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    ClosedCaption Diamond Member

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    Someone else said: you can deregulate every business and make the tax cuts zero and it still wouldn't change the fact that ppl overseas will do the same job for $2 a day
     
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