Obama's New Tax Hikes Aid the Middle Class?

[boedicca]

Pretty insulting to hear my President tell me that the only way I can succeed is if he takes some of that success away from someone else

Show us where he said that.

Reading is fun.
"Tax hike to benefit middle class"
equals
Raising tax for wealthy will help middle class

Personally I don't want/need their help.

And, if I did, would it make sense to take money away from the people hiring?

You cannot show the uber wealthy will stop hiring because of a tax hike.

Grow up.

You cannot show that they will continue to hire at the same rate they would have absent a tax hike, so there.

 

[NLT]

I would say we all benefit from public transportation,roads,welfare,snap and a million other ways.

I knew the big government socialist Fakey Skankey would, sooner or later, reveal his true self in this thread.

 

[Katzndogz]

All the democrats have left is class warfare. An important weapon is to tax the middle class enough so that they can never accumulate wealth.

 

[hortysir]

Pretty insulting to hear my President tell me that the only way I can succeed is if he takes some of that success away from someone else

Show us where he said that.

Reading is fun.
"Tax hike to benefit middle class"
equals
Raising tax for wealthy will help middle class

Personally I don't want/need their help.

And, if I did, would it make sense to take money away from the people hiring?

You cannot show the uber wealthy will stop hiring because of a tax hike.

Grow up.

Can u show that it will increase hiring?

Then shut the fuck up

 

[Stephanie]

Obama and Democrats don't care how they play with people's lives. as long as they feel they can get some political points from it...that's how evil that party is

SNIP:

Even Obama’s allies in the press are calling his tax hike proposals a political ploy
posted at 2:41 pm on January 19, 2015 by Noah Rothman

• 63 SHARES

You better sit down for this one: President Barack Obama plans to propose a series of new tax hikes in his State of the Union address.

The vast majority of those proposed tax increases are purportedly aimed at the “rich,” although they would invariably affect millions of Americans who do not qualify as well-off by any standard definition.

Many of Obama’s proposed hikes ostensibly target the wealthy by seeking to boost capital gains taxes on investment income and on “gifts” associated with inheritance. None of these proposals have much of a chance of passing the newly GOP-dominated Congress, but they are not necessarily policy recommendations so much as political positioning statements. These populist “soak the rich” pitches are aimed, in part, at helping the White House maneuver ahead of negotiations with Republicans over tax code reform, but they are also designed to appease an increasingly agitated Democratic base apprehensive over what they see as frustratingly Obama’s casual approach to wealth redistribution.

The president surely hoped that the media would not recognize his naked attempt to appeal to the Democratic Party’s restive left-wing and might characterize all of his proposals as honest attempts to address the problem of economic disparity. Unfortunately for the White House, many in the media were not playing along.

“This [tax proposal] is designed to embarrass Republicans into looking like they’re protecting the rich,” NPR contributor Cokie Roberts insisted on Monday. She was not necessarily lamenting the president’s decision to engage in a political ploy, but by even observing its crass political nature undermines its effectiveness.

The New York Times’ Neil Irwin echoed Roberts in acknowledging that Obama’s tax hike proposals were not so much about tax policy but about “shaping the Democratic Party after Obama.”

OF of it here:
Even Obama s allies in the press are calling his tax hike proposals a political ploy Hot Air

 

[JakeStarkey]

Pretty insulting to hear my President tell me that the only way I can succeed is if he takes some of that success away from someone else

Show us where he said that.

Reading is fun.
"Tax hike to benefit middle class"
equals
Raising tax for wealthy will help middle class

Personally I don't want/need their help.

And, if I did, would it make sense to take money away from the people hiring?

You cannot show the uber wealthy will stop hiring because of a tax hike.

Grow up.

You cannot show that they will continue to hire at the same rate they would have absent a tax hike, so there.

The economy was booming in the fifties with huge tax bills.

It will do so at 1/3d those bills, don'tcha think?

 

[JakeStarkey]

Pretty insulting to hear my President tell me that the only way I can succeed is if he takes some of that success away from someone else

Show us where he said that.

Reading is fun.
"Tax hike to benefit middle class"
equals
Raising tax for wealthy will help middle class

Personally I don't want/need their help.

And, if I did, would it make sense to take money away from the people hiring?

You cannot show the uber wealthy will stop hiring because of a tax hike.

Grow up.

Can u show that it will increase hiring?

Then shut the fuck up

Got under your skin as your silliness is being peeled away.

Considering the taxes were two to three TIMES higher when the economy was booming, we can certainly conclude that a hike won't hurt hiring.

Think of 1% as big fluffy sheep with some excess fleece.

 

[boedicca]

Pretty insulting to hear my President tell me that the only way I can succeed is if he takes some of that success away from someone else

Show us where he said that.

Reading is fun.
"Tax hike to benefit middle class"
equals
Raising tax for wealthy will help middle class

Personally I don't want/need their help.

And, if I did, would it make sense to take money away from the people hiring?

You cannot show the uber wealthy will stop hiring because of a tax hike.

Grow up.

Here are some concepts that are clearly foreign to you:

- WWII decimating other developed economies
- U.S. having virtually no competition
- Constant dollar comparisons
- Tax deduction parity
- Pent up demand after years of rationing

You cannot show that they will continue to hire at the same rate they would have absent a tax hike, so there.

The economy was booming in the fifties with huge tax bills.

It will do so at 1/3d those bills, don'tcha think?

 

[Iceweasel]

Because you didn't acquire your success without relying on Government to create the infrastructure you sponged off of. If you're an investor which institution did the most to spike the Dow's 126% rise during Obama's Administration?

Sponged off of? You moron. The government sponges off of us and hopefully gets some of the shit done we pay them for and we're sponging off of them? Move to Cuba.

 

[Iceweasel]

It's getting better for about ten percent of Americans.
Is that the best finance capitalism can do?

No, we can get rid of the socialists in government and prosper once again.

 

[georgephillip]

Sponged off of? You moron. The government sponges off of us and hopefully gets some of the shit done we pay them for and we're sponging off of them?

Perhaps we should define what we mean by "investors?" In today's Finance Capitalism investment has a different meaning from what it once had. If investors are simply gambling with other people's money and jobs and creating nothing of value for society, they are sponges.

 

[Iceweasel]

Sponged off of? You moron. The government sponges off of us and hopefully gets some of the shit done we pay them for and we're sponging off of them?

Perhaps we should define what we mean by "investors?" In today's Finance Capitalism investment has a different meaning from what it once had. If investors are simply gambling with other people's money and jobs and creating nothing of value for society, they are sponges.

I'm no expert on it, all I know is that my ROTH IRA is steadily moving up. Explain how that is hurting America.

 

[whitehall]

Only a hundred years of left wing propaganda could cause (some) Americans to equate massive tax hikes with some sort of promise of tax cuts. Didn't Social Security teach you anything? The federal government wants it all. Once they confiscate it you will never see it again. Do low information democrats really think "capital gains" is only for the "rich"? Who are the rich anyway? They are hard working restaurant and deli owners and people who parlayed a good idea and hard work and managed to put a small business together. Somehow the good for nothing left thinks the federal government picking the pockets of business owners is going to make them feel better.

 

[georgephillip]

No, we can get rid of the socialists in government and prosper once again

"Some 95% of 2009-2012 Income Gains Went to Wealthiest 1%"
Would you care to name the "socialists" responsible for that level of inequality?
Some 95 of 2009-2012 Income Gains Went to Wealthiest 1 - Real Time Economics - WSJ

 

[georgephillip]

I'm no expert on it, all I know is that my ROTH IRA is steadily moving up. Explain how that is hurting America.

I'm no expert either, but I would guess your IRA is reaping the stock market gains which appear to depend on Quantitative Easing. If QE created another speculative stock market bubble, America will be hurt again.

"–All told, average inflation-adjusted income per family climbed 6% between 2009 and 2012, the first years of the economic recovery. During that period, the top 1% saw their incomes climb 31.4% — or, 95% of the total gain — while the bottom 99% saw growth of 0.4%.

"Last year, the richest 10% received more than half of all income — 50.5%, or the largest share since such record-keeping began in 1917. Here is how the top earners break down: Top 1%: incomes above $394,000 in 2012; Top 5%: incomes between $161,000 and $394,000; Top 10%: incomes between $114,000 and $161,000."

Some 95 of 2009-2012 Income Gains Went to Wealthiest 1 - Real Time Economics - WSJ

 

[Vigilante]

27 Facts That Show How The Middle Class Has Fared Under 6 Years Of Barack Obama

Submitted by Michael Snyder via The Economic Collapse blog,

During his State of the Union speech on Tuesday evening, Barack Obama is going to promise to make life better for middle class families. Of course he has also promised to do this during all of his other State of the Union addresses, but apparently he still believes that there are people out there that are buying what he is selling. Each January, he gets up there and tells us how the economy is “turning around” and to believe that much brighter days are right around the corner. And yet things just continue to get even worse for the middle class.

The numbers that you are about to see will not be included in Obama’s State of the Union speech. They don’t fit the “narrative” that Obama is trying to sell to the American people. But all of these statistics are accurate. They paint a picture of a middle class that is dying. Yes, the decline of the U.S. middle class is a phenomenon that has been playing out for decades. But without a doubt, our troubles have accelerated during the Obama years. When it comes to economics, he is completely and utterly clueless, and the policies that he has implemented are eating away at the foundations of our economy like a cancer.

The following are 27 facts that show how the middle class has fared under 6 years of Barack Obama…

27 Facts That Show How The Middle Class Has Fared Under 6 Years Of Barack Obama Zero Hedge

 

[georgephillip]

Who are the rich anyway? They are hard working restaurant and deli owners and people who parlayed a good idea and hard work and managed to put a small business together.

Where do the rich start?
" Here is how the top earners break down: Top 1%: incomes above $394,000 in 2012; Top 5%: incomes between $161,000 and $394,000; Top 10%: incomes between $114,000 and $161,000."
How many of those hard working capitalists can afford to send their children to college? Why should the most successful among them pay taxes at the same rate as hedge fund parasites?

Some 95 of 2009-2012 Income Gains Went to Wealthiest 1 - Real Time Economics - WSJ

 

[Darkwind]

Think about this....

He is going to give the middle class back more of their own money and call that a wage increase.....

Well, to be honest, he is going to propose this. He has zero authority to increase taxes on his own.

 

[HenryBHough]

Think about this....

He is going to give the middle class back more of their own money and call that a wage increase.....

Well, to be honest, he is going to propose this. He has zero authority to increase taxes on his own.

He also lacked authority to open the borders.

Maybe shouldn't be so smugly confident just yet?

 

[Darkwind]

Think about this....

He is going to give the middle class back more of their own money and call that a wage increase.....

Well, to be honest, he is going to propose this. He has zero authority to increase taxes on his own.

He also lacked authority to open the borders.

Maybe shouldn't be so smugly confident just yet?

Even Gruber's stupid America knows that Obama can't raise taxes.....


umm............