Obama's New Tax Hikes Aid the Middle Class?

Any attempt to help the idle class will never become law anyway, the GOP doesn't want to see that... its socialism. Perhaps the GOP cold try to raise taxes on the middle class by 20 percent and lower the 1 percent fat cats by 20 percent. I will bet everything I own there are some who believe this would create jobs or something.
You assume his plan would help the middle class.

It will not, which is why we are against it.

Weird, name ONE nation to EVER use supply side that has EVER helped ANYONE but the 'job creators'???


After 8 years of Dubyua/GOP 'job creator' policies the US household debt doubled (ok it only took him 7 years), they US economy lost 1+ million private sector jobs, the treasury turned around by about $12 trillion dollars, and we had 2 wars on our hands
 
Do you REALLY think there is more than 100% to the pie??

Wealth is a Zero-Sum Game
Only economic retards think there is a such thing as "the" pie. The economic pies grows and shrinks. But what is certain is obamanomics is benefiting the top earners and convincing his dupes that the Republicans didit. obama creates problems, blames them on the other guy and his useful idiots buy it.

So you 'think' there is more than 100% of a pie to split up huh? lol

100317_cartoon_600.jpg
Oh, look, the moron still thinks the pie remains the same size forever.


And the moron can't use reason, logic OR HONESTY to dispute there isn't more than 100% of the pie, AND the bottom 90% has lasy MUCH of what they had in 1980 of that PIECE OF THE PIE

CBO finds that, between 1979 and 2007, income grew by:

275 percent for the top 1 percent of households,
65 percent for the next 19 percent,
Just under 40 percent for the next 60 percent, and
18 percent for the bottom 20 percent.


The share of income going to higher-income households rose, while the share going to lower-income households fell.

The top fifth of the population saw a 10-percentage-point increase in their share of after-tax income.

Most of that growth went to the top 1 percent of the population.
All other groups saw their shares decline by 2 to 3 percentage points.


Trends in the Distribution of Household Income Between 1979 and 2007 Congressional Budget Office
Reason and logic are far beyond your ability. Stick with what you know. Sitting and drooling....

Get back to Me when you look up the tax revenue from 1800 and compare it to today's tax revenue.

Then get back to Me after you look up the $$ size of the GDP in 1800 and compare it to today.

Then get....well, even you must get the idea.

Don't speak to Me again until you grow a fucking brain.
 
Do you REALLY think there is more than 100% to the pie??

Wealth is a Zero-Sum Game
Only economic retards think there is a such thing as "the" pie. The economic pies grows and shrinks. But what is certain is obamanomics is benefiting the top earners and convincing his dupes that the Republicans didit. obama creates problems, blames them on the other guy and his useful idiots buy it.

So you 'think' there is more than 100% of a pie to split up huh? lol

100317_cartoon_600.jpg
Oh, look, the moron still thinks the pie remains the same size forever.


And the moron can't use reason, logic OR HONESTY to dispute there isn't more than 100% of the pie, AND the bottom 90% has lasy MUCH of what they had in 1980 of that PIECE OF THE PIE

CBO finds that, between 1979 and 2007, income grew by:

275 percent for the top 1 percent of households,
65 percent for the next 19 percent,
Just under 40 percent for the next 60 percent, and
18 percent for the bottom 20 percent.


The share of income going to higher-income households rose, while the share going to lower-income households fell.

The top fifth of the population saw a 10-percentage-point increase in their share of after-tax income.

Most of that growth went to the top 1 percent of the population.
All other groups saw their shares decline by 2 to 3 percentage points.


Trends in the Distribution of Household Income Between 1979 and 2007 Congressional Budget Office
So we have the same size economy that we did in 1800?

Your pie grows with the economy.

Get it yet?
 
It appears that Obama's upcoming State of the Union will propose tax hikes on wealth investors to expand tax credits for higher education and child care for the US middle class.

"President Barack Obama is proposing new taxes on the wealthiest Americans that would limit their profits from investments and make it harder for them to pass assets to heirs.

"Obama, who will promote the plan during his Jan. 20 State of the Union Address, will use much of the proceeds -- $320 billion over 10 years -- to expand tax credits for higher education and child care and create a new break for two-earner couples.

"The White House released details of the plan Saturday.

“'What you’re seeing here is really dedicated middle-class tax relief to really get at that problem of middle-class wage stagnation,' said Harry Stein, director of fiscal policy at the Center for American Progress, a Washington group aligned with Democrats."

"Obama’s tax plan faces opposition in the Republican-controlled Congress, where lawmakers want to cut tax rates and curtail targeted breaks. The two parties agree more on business tax changes, though an accord on that isn’t close."

Obama Proposes New Tax Hikes on Wealthy to Aid Middle Class - Bloomberg
Just more pandering to one group at the targeted expense to another.
 
I would say we all benefit from public transportation,roads,welfare,snap and a million other ways.

I don't benefit from SNAP or welfare. Paying the taxes that fund it mean I have less of what I've earned so some leech can get more of what he didn't earn.
 
Do you REALLY think there is more than 100% to the pie??

Wealth is a Zero-Sum Game
Only economic retards think there is a such thing as "the" pie. The economic pies grows and shrinks. But what is certain is obamanomics is benefiting the top earners and convincing his dupes that the Republicans didit. obama creates problems, blames them on the other guy and his useful idiots buy it.

So you 'think' there is more than 100% of a pie to split up huh? lol

100317_cartoon_600.jpg
Oh, look, the moron still thinks the pie remains the same size forever.


And the moron can't use reason, logic OR HONESTY to dispute there isn't more than 100% of the pie, AND the bottom 90% has lasy MUCH of what they had in 1980 of that PIECE OF THE PIE

CBO finds that, between 1979 and 2007, income grew by:

275 percent for the top 1 percent of households,
65 percent for the next 19 percent,
Just under 40 percent for the next 60 percent, and
18 percent for the bottom 20 percent.


The share of income going to higher-income households rose, while the share going to lower-income households fell.

The top fifth of the population saw a 10-percentage-point increase in their share of after-tax income.

Most of that growth went to the top 1 percent of the population.
All other groups saw their shares decline by 2 to 3 percentage points.


Trends in the Distribution of Household Income Between 1979 and 2007 Congressional Budget Office
So we have the same size economy that we did in 1800?

Your pie grows with the economy.

Get it yet?

Yet no matter how large there is ONLY 100% of the pie. Go figure


Wealthiest 1% will soon own more than rest of us combined, Oxfam says


mar04-wealth.png
 
Do you REALLY think there is more than 100% to the pie??

Wealth is a Zero-Sum Game
Only economic retards think there is a such thing as "the" pie. The economic pies grows and shrinks. But what is certain is obamanomics is benefiting the top earners and convincing his dupes that the Republicans didit. obama creates problems, blames them on the other guy and his useful idiots buy it.

So you 'think' there is more than 100% of a pie to split up huh? lol

100317_cartoon_600.jpg
Oh, look, the moron still thinks the pie remains the same size forever.


And the moron can't use reason, logic OR HONESTY to dispute there isn't more than 100% of the pie, AND the bottom 90% has lasy MUCH of what they had in 1980 of that PIECE OF THE PIE

CBO finds that, between 1979 and 2007, income grew by:

275 percent for the top 1 percent of households,
65 percent for the next 19 percent,
Just under 40 percent for the next 60 percent, and
18 percent for the bottom 20 percent.


The share of income going to higher-income households rose, while the share going to lower-income households fell.

The top fifth of the population saw a 10-percentage-point increase in their share of after-tax income.

Most of that growth went to the top 1 percent of the population.
All other groups saw their shares decline by 2 to 3 percentage points.


Trends in the Distribution of Household Income Between 1979 and 2007 Congressional Budget Office
Reason and logic are far beyond your ability. Stick with what you know. Sitting and drooling....

Get back to Me when you look up the tax revenue from 1800 and compare it to today's tax revenue.

Then get back to Me after you look up the $$ size of the GDP in 1800 and compare it to today.

Then get....well, even you must get the idea.

Don't speak to Me again until you grow a fucking brain.

1800 huh? lol

YOU need to get honest AND to grow a brain Bubba
 
How about if he rolled the top marginal income tax rate to what it was at the same time (under Reagan)? 28%
Raise the capital gains rate by 13%?
Sounds like a good staring point.

I'll add you to the list of those that don't get any. I say we need to raise your taxes 13% and start taxing the income of those in the 47% that don't pay any now. A family of four pays zero income taxes until the gross income is at least $47,000 based solely on the makeup of the family. If those people are going to participate in society, they need to start paying their fair share of being part of it.
 
Oh, yay!
The tired argument that I can only get fat at the expense of the skinny.
Do you really believe there is a finite amount of wealth to be made?
There is a finite amount of income earned by Americans every year, and the percentage earned by the richest 1% continues to grow at the expense of the majority of workers.
 
Oh, yay!
The tired argument that I can only get fat at the expense of the skinny.
Do you really believe there is a finite amount of wealth to be made?
There is a finite amount of income earned by Americans every year, and the percentage earned by the richest 1% continues to grow at the expense of the majority of workers.
A finite amount of income?
So how can you raise the minimum wage?
 
A family of four pays zero income taxes until the gross income is at least $47,000 based solely on the makeup of the family. If those people are going to participate in society, they need to start paying their fair share of being part of it.
Those people pay a much larger share of their income in taxes than the Koch brothers, and their incomes would be much higher today if the Koch brothers hadn't hoarded all the productivity gains since 1970. Fairness begins with income distribution.
 
A family of four pays zero income taxes until the gross income is at least $47,000 based solely on the makeup of the family. If those people are going to participate in society, they need to start paying their fair share of being part of it.
Those people pay a much larger share of their income in taxes than the Koch brothers, and their incomes would be much higher today if the Koch brothers hadn't hoarded all the productivity gains since 1970. Fairness begins with income distribution.

So a family of four paying 0% pays more?

So taking from a financially successful person and handing it to one that isn't is fair? Guess we know which side of the financial success ladder you're on.
 
Oh, yay!
The tired argument that I can only get fat at the expense of the skinny.
Do you really believe there is a finite amount of wealth to be made?
There is a finite amount of income earned by Americans every year, and the percentage earned by the richest 1% continues to grow at the expense of the majority of workers.
A finite amount of income?
So how can you raise the minimum wage?
Redistribution. Making money means to took it from somebody else. I don't know how they figure what the set amount the pie is in any given year. Is the stock market part of the pie? People don't make money there? It doesn't make any sense.
 
Oh, yay!
The tired argument that I can only get fat at the expense of the skinny.
Do you really believe there is a finite amount of wealth to be made?
There is a finite amount of income earned by Americans every year, and the percentage earned by the richest 1% continues to grow at the expense of the majority of workers.
We don't operate on a zero sum game. The pie grows and can continue to grow. Your response is nothing more than a desire to blame someone.
 
Iceweasel has been for the redistribution of wealth the last 35 years from the middle class to the uber wealthy.
 

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