Why We Should Increase Taxes?

[Gadawg73]

Lower capital gains taxes, eliminate the IRS and go to a flat tax and the economy will take off.

How 'bout we tax ALL income at the same rate????

You folks tryin' to DODGE paying your fair-share o' taxes on capital-gain$ are tooooooooo amusing.

It's not as if you folks are (actually) working to earn those buck$.

​

I work 3 jobs running 3 businesses to get the capital to invest.
Instead of eating out 4 times a week I invest my $ as capital so others can have a job.
Capital is THE LIFEBLOOD of capitalism.
Econ 101 needs to be mandatory for all Americans.
"It is not as if you folks are actually working to earn those buck"
How did we get the $ to invest as the capital? Capital is AT RISK dollars.
Eliminate the capital gains tax and jobs would skyrocket.
Of course socialists hate that idea.

 

[NYcarbineer]

We should raise taxes so people can directly and immediately experience the cost of the government they're getting.

 

[NYcarbineer]

Sorry Republicans, Higher Taxes Will NOT Kill The Economy

....As in Bill Clinton's 1993 Deficit Reduction, that gave us THE GREATEST ECONOMY THIS COUNTRY'S EVER EXPERIENCED!!!!​

you mean the tech bubble and the deregulation that allowed too big too fail financial companies to exist?

The stock market was up 200% over the course of Clinton's presidency, and that's despite the 'bubble' bursting in 2000.

 

[Mr. Shaman]

The conservative's approach is to reduce spending so taxes can be reduced. Reduction in taxes make money available for consumption and investment, thereby increasing economic activities and thus increasing government revenue. But, this is really just a theory that has never been proved but has been preached so long and hard that millions accept it as fact.

....Especially to present-day, History-challenged, policy-neophytes (i.e. Teabaggers, Freepers, Dead-O-Heads, Truthers, Oathers, Deathers, etc. )

Remember (for all o' those old-enough) back in '93.....​

"Here’s what conservative politicians said about the 1993 deficit reduction legislation that raised taxes on the top 1.2% of our wealthiest citizens:​

"Clearly, this is a job-killer in the short-run. The impact on job creation is going to be devastating." — Rep. Dick Armey, (Republican, Texas; Granddaddy Of Teabaggers)

"The tax increase will…lead to a recession…and will actually increase the deficit." — Rep. Newt Gingrich (Republican, Georgia; Perpetual Liar)

"I will make you this bet. I am willing to risk the mortgage on it…the deficit will be up; unemployment will be up; in my judgment, inflation will be up." — Sen. Robert Packwood (Republican, Oregon)

"The deficit four years from today will be higher than it is today, not lower." — Sen. Phil Gramm (Republican, Texas; Presidential-nominee John McCain's economic-advisor)

"The President promised a middle-class tax cut, yet he and his party imposed the largest tax increase in American history. We hope his higher taxes will not cut short the economic recovery and declining interest rates he inherited… Instead of stifling growth through higher taxes and increased government regulations, Republicans would take America in a different direction." — Sen. Robert Dole (Republican, Kansas; Stage-Diver Extraordinaire)

***

"Not only was the entire national deficit eliminated after raising taxes on the wealthy in 1993, but the economy grew so fast for the remainder of the decade that many conservative economists thought that the Fed should raise the prime interest rate in order to slow it down."​

 

[Mr. Shaman]

I had a dream last night.

In my dream... Americans paid taxes based on what the Feds did for them. If they were pleased with congress they wrote big checks every month to feed what congress was doing. If they weren't pleased they wrote small checks or the Feds didn't get any money at all.

We've got that, now....but, they're not called Taxes. They're called Lobbyi$t$ Buck$....and, THAT'LL be ending....SOON!!!!!!!!!!​

"U.S. President Barack Obama called on Congress on Saturday to pass reforms limiting the influence of $pecial intere$t group$ on US elections, saying the integrity of US democracy needed to be protected.

"What we are facing is no less than a potential corporate takeover of our elections," Obama said in his weekly radio address. "And what is at stake is no less than the integrity of our democracy."

 

[Mr. Shaman]

Do you help the alcoholic by giving them more alcohol, no, do you free the crack head with more crack, no again....so how do you believe we fix the deficit by giving the spendoholic government more of our hard earned dollars?

....And, what.....you think there are people who magically pay-off credit-card debt, by making MINIMUM-MONTHLY-PAYMENTS.....

....rather-than payin'-out the extra-buck$ to pay-that-card-OFF??!!!!


You probably don't work or have no credit-cards....​

 

[NYcarbineer]

Since neither political party has been successful at controlling spending, we should increase taxes

Don't you just love this bit of reasoning?

Since government can't control spending, confiscate more of the peoples' money so it can keep spending.

That falls under the definition of insanity.

The government can't control spending because as long as the politicians won't make the electorate PAY for that spending, the electorate will refuse to elect politicians who will stop spending. Force the politicians to force the electorate to pay for every bit of government spending they want, and the problem will be solved.

 

[DiamondDave]

Do you help the alcoholic by giving them more alcohol, no, do you free the crack head with more crack, no again....so how do you believe we fix the deficit by giving the spendoholic government more of our hard earned dollars?

....And, what.....you think there are people who magically pay-off credit-card debt, by making MINIMUM-MONTHLY-PAYMENTS.....

....rather-than payin'-out the extra-buck$ to pay-that-card-OFF??!!!!


You probably don't work or have no credit-cards....​

And you can also have the extra bucks to pay it off by spending less to have more of your EXISTING income be used towards that debt reduction

You are our newest idiot troll.. the latest in the long line of idiot trolls with such hall of fame members as Chris, rdean, and sillybozo

 

[Flopper]

If the deficit continues to rise, the government will have to pay higher rates of interest which will add to the deficit problem and will bring on inflation. Since neither political party has been successful at controlling spending, we should increase taxes, however Conservative argue that:

1. Government Spending is out of control . Look at the following graph, which clearly shows that government spending as a percent of GDP peaked in the early 1990’s and has been trending downward ever since. Although spending in absolute dollars has risen, GDP has risen faster. Our deficits are not the result of wild government spending, but rather extraordinarily low taxes.

http://upload.wikimedia.org/wikipedia/en/d/d9/Us_gov_spending_history_1902_2010.png

2. Raising Taxes will reduce economic growth. If this were true then we should see significantly higher GNP growth as a result of low tax rates and lower GNP growth as result of high taxes. Look at the following chart, which shows the effect of tax rates on GNP.
Sorry Republicans, Higher Taxes Will NOT Kill The Economy

So, why shouldn't we reduce the deficit by increasing taxes?

Do you help the alcoholic by giving them more alcohol, no, do you free the crack head with more crack, no again....so how do you believe we fix the deficit by giving the spendoholic government more of our hard earned dollars? You probably don't work or you have no ambition to earn just exist....

Cutting welfare programs will not turn drug addicts, the homeless, welfare mothers, the disabled, the sick, and the mentally unstable into productive members of society. It is a fantasy to think that employers would hire these people when we have millions of well-trained and educated workers looking for jobs. Cutting welfare programs will increase crime and poverty filling our jails, and other institutions.

If want to reduce the cost of social programs, you have to look at cutting Social Security and Medicare. These entitlement programs are most beneficial to the middle class. To think that middle class Americans would allow the programs to be cut is an even bigger fantasy than believing welfare cuts will put people to work.

 

[DiamondDave]

If the deficit continues to rise, the government will have to pay higher rates of interest which will add to the deficit problem and will bring on inflation. Since neither political party has been successful at controlling spending, we should increase taxes, however Conservative argue that:

1. Government Spending is out of control . Look at the following graph, which clearly shows that government spending as a percent of GDP peaked in the early 1990’s and has been trending downward ever since. Although spending in absolute dollars has risen, GDP has risen faster. Our deficits are not the result of wild government spending, but rather extraordinarily low taxes.

http://upload.wikimedia.org/wikipedia/en/d/d9/Us_gov_spending_history_1902_2010.png

2. Raising Taxes will reduce economic growth. If this were true then we should see significantly higher GNP growth as a result of low tax rates and lower GNP growth as result of high taxes. Look at the following chart, which shows the effect of tax rates on GNP.
Sorry Republicans, Higher Taxes Will NOT Kill The Economy

So, why shouldn't we reduce the deficit by increasing taxes?

Do you help the alcoholic by giving them more alcohol, no, do you free the crack head with more crack, no again....so how do you believe we fix the deficit by giving the spendoholic government more of our hard earned dollars? You probably don't work or you have no ambition to earn just exist....

Cutting welfare programs will not turn drug addicts, the homeless, welfare mothers, the disabled, the sick, and the mentally unstable into productive members of society. It is a fantasy to think that employers would hire these people when we have millions of well-trained and educated workers looking for jobs. Cutting welfare programs will increase crime and poverty filling our jails, and other institutions.

If want to reduce the cost of social programs, you have to look at cutting Social Security and Medicare. These entitlement programs are most beneficial to the middle class. To think that middle class Americans would allow the programs to be cut is an even bigger fantasy than believing welfare cuts will put people to work.

Those drug addicts, homeless, and lazy have every right NOT to be productive members of society... they can sit and beg and whack off all day for all I care... but they are not owed things for their personal responsibilities and personal upkeep... as for crime, increase law enforcement, allow honest citizens to have their weapons and use them for protection against those who would indeed turn to crime if not given the handouts they want from government... some homeless guy tries to break in my house to stuff his hole with my food or beer, he'll have a new exit hole from his gut where his belly button used to be

Cut all the government entitlements.. to individuals AND businesses

 

[Skull Pilot]

....As in Bill Clinton's 1993 Deficit Reduction, that gave us THE GREATEST ECONOMY THIS COUNTRY'S EVER EXPERIENCED!!!!​

you mean the tech bubble and the deregulation that allowed too big too fail financial companies to exist?

The stock market was up 200% over the course of Clinton's presidency, and that's despite the 'bubble' bursting in 2000.

And ol' Slick Willy signed a bill that removed the once sharp legal divisions between banks, insurance companies and investment firms which allowed companies like AIG and Citi to become too big to fail.

Oh and don't forget setting us up for 9/11

yeah Willie was great for the country.

 

[boedicca]

Sounds reasonable, however there is no basis to your claim that an increase in taxes will necessary slow economic growth. If what you say is correct, then we should be able to see a reduced rate of growth when taxes are increased but we don't.

Incorrect. History has shown that when taxes are decreased, economic growth increases.

The growth rate of this recovery is anemic at best. We won't know what would have happened if Obama hadn't announced that the Bush tax cuts would expire (a tax increase) and ObamaCare (more tax increases) hadn't passed. But given the fact that we have lost millions of jobs with the only net job creation in the Federal government, it's pretty clear that the policy is not invigorating the private sector.

 

[Mr. Shaman]

Why shouldn't we reduce the deficit by drastically reducing spending?

Both parties have tried and failed.

Could you point to an honest attempt by any politician to cut spending?

Gee....do intere$t-payment$ count?????

​

September 27, 2000​

"Eight years ago, our future was at risk," Clinton said Wednesday morning. "Economic growth was low, unemployment was high, interest rates were high, the federal debt had quadrupled in the previous 12 years. When Vice President Gore and I took office, the budget deficit was $290 billion, and it was projected this year the budget deficit would be $455 billion."

Instead, the president explained, the $5.7 trillion national debt has been reduced by $360 billion in the last three years -- $223 billion this year alone.

This represents, Clinton said, "the largest one-year debt reduction in the history of the United States."

 

[Flopper]

Why shouldn't we reduce the deficit by drastically reducing spending?

Both parties have tried and failed.

Could you point to an honest attempt by any politician to cut spending?

If we sent our politicians to Washington to play golf instead of making laws, government spending would dramatically decrease.

 

[DiamondDave]

Except there was no debt reduction... look at the actual numbers, you twit troll.... there has not been a debt reduction since (I believe) 1957

More of the Clinton shell game, being bought hook line and sinker by another idiot

 

[boedicca]

No, I disagree with you. Instead of paying more taxes, I think Americans should stop paying ALL taxes to the government until they get the message that the public is tired of their Congressional shopping trips. While it is true you can be put into jail for not paying taxes but I don't think they can put 10 million people in the iron bar hotel at the same time.

No wonder taxpayers are so screwed. Only 10 Million out of 300 Million are paying taxes!!!!!!

 

[boedicca]

Both parties have tried and failed.

Could you point to an honest attempt by any politician to cut spending?

If we sent our politicians to Washington to play golf instead of making laws, government spending would dramatically decrease.

Oh, that's a good idea. More rewards for people who created the problem.

It's clear you understand NOTHING about either the economy or our political system.

 

[NYcarbineer]

you mean the tech bubble and the deregulation that allowed too big too fail financial companies to exist?

The stock market was up 200% over the course of Clinton's presidency, and that's despite the 'bubble' bursting in 2000.

And ol' Slick Willy signed a bill that removed the once sharp legal divisions between banks, insurance companies and investment firms which allowed companies like AIG and Citi to become too big to fail.

Oh and don't forget setting us up for 9/11

yeah Willie was great for the country.

I didn't vote for Clinton because he supported NAFTA so you're not winning any prizes telling me about Clinton's mistakes.

 

[NYcarbineer]

[
Incorrect. History has shown that when taxes are decreased, economic growth increases.

That's never been shown as a legitimate cause and effect. Every tax cut in recent history that I can think of has been accompanied by ballooning deficits,

so you could just as easily claim that whenever the government balloons the deficit, '

economic growth increases.

 

[Mr. Shaman]

In my dream we didn't need a government because we all governed ourselves.

Ah, yes....just like the good ol' days o' States' Rights!!!!

​