Should The Rich Be Required To Pay Higher Taxes In the US?

[Maryland Patriot]

Damn Bush and those republicans for not figuring out how to stop the housing industry from failing when all of those creative loans forced by Clinton came due.
and Damn Bush and those republicans for not trying to convince the democrats that the crash was coming.
Oh why couldnt they just listen to the dems like Barney Franks when he told them the industry was in good shape.

 

[eagle1462010]

Then simplify the code and end the BS. Set percentage with no BS......................
That has been said many times in this thread.

Not going to happen.

With the Status quo.................NOPE..........We are trying to take out the trash...........how about your side...

Oops you favor Liars and criminals..............Like Hillary, and the pen and phone guy.

 

[OnePercenter]

For some inexplicable reason leftists just don't (or can't) understand that taxes on business are simply passed along to the consumer in the form of higher prices for goods and services and that much like sales taxes they place an inordinate burden on the poorer consumer.

All costs to business are passed along to the consumer.

 

[OnePercenter]

Oh so it's NOT the entire FAA structure we should worry about, just they pay 75% of costs? lol

Dumbass!

Airport construction and security do not fall under the FAA, retard.

Wrong

Press Release – FAA Dedicates New Control Tower at Oakland International Airport

 

[Ray From Cleveland]

Damn Bush and those republicans for not figuring out how to stop the housing industry from failing when all of those creative loans forced by Clinton came due.
and Damn Bush and those republicans for not trying to convince the democrats that the crash was coming.
Oh why couldnt they just listen to the dems like Barney Franks when he told them the industry was in good shape.

Oh come on. You know how it works by now!

Obama spent more money than all other Presidents combined, but that was Bush's fault.

Bush was President during the housing bubble that was created by Democrats, but that was Bush's fault too.

Slowest recovery in recent history because Bush screwed up the economy so badly.

We have lower unemployment thanks to Obama.

Obama pulls all troops out of Iraq, the left praises their great President.

Whoops! ISIS takes over Iraq because of no US troops. That's Bush's fault.

 

[Uncensored2008]

Wrong

Press Release – FAA Dedicates New Control Tower at Oakland International Airport

Uh stupid, towers are for air traffic control...

 

[OnePercenter]

Safer than the stock market.

If you put 12.4% of your lifetime earnings in the stock market and 12.4% of your lifetime earnings into Social Security and die tomorrow, at the age of 61 years, 363 days, which of your two retirement plans will give your family more money, the stock market or Social Security?

Don't understand how an INSURANCE policy works huh? I'm NOT surprised


Hint how'd the stock market work out after the Banksters hosed US in the 1920's?

If you're paying 12.4% of your lifetime earnings for a low yielding insurance policy, you may be doing it wrong.

So NO, you don't understand how insurance works. Thanks anyways

Let's see, pay 12.4% of my lifetime earnings, die a week before I start collecting benefits and my family gets
basically zero.

Wow, great insurance! Sounds like a program only an idiot or a liberal (but then I repeat myself) would create.

Define: 'basically zero.'

 

[francoHFW]

The idea that the housing bubble was created by Dems is ridiculous. Fanny and Freddie's share of the real estate market went from 75% to 25% in 2003 when corrupt, crony Boooshie regulators allowed private firms to rate toxic at A+ and allow it to be bundled, insured and sold around the world duh. Barney was one of hundreds of Dem and Pub pols who told people not to worry in 2008 duh. Trying to tamp down a panic.

Iraq was the stupidest, most corrupt war ever. Let the ME figure it out, with bombing help from us.

 

[Ray From Cleveland]

The idea that the housing bubble was created by Dems is ridiculous. Fanny and Freddie's share of the real estate market went from 75% to 25% in 2003 when corrupt, crony Boooshie regulators allowed private firms to rate toxic at A+ and allow it to be bundled, insured and sold around the world duh. Barney was one of hundreds of Dem and Pub pols who told people not to worry in 2008 duh. Trying to tamp down a panic.

 

[francoHFW]

The idea that the housing bubble was created by Dems is ridiculous. Fanny and Freddie's share of the real estate market went from 75% to 25% in 2003 when corrupt, crony Boooshie regulators allowed private firms to rate toxic at A+ and allow it to be bundled, insured and sold around the world duh. Barney was one of hundreds of Dem and Pub pols who told people not to worry in 2008 duh. Trying to tamp down a panic.

They did get into it late and did less than a quarter of it, as you can see from the bailout costs. The law you blame Clinton for was a Pub bill he just signed. It took corrupt Boooshie regulators to pervert it and cause the bubble.

 

[SAYIT]

...The report, titled “Walmart’s Executive Bonuses Cost Taxpayers Millions,” focuses on tax law that allows companies to deduct unlimited amounts for performance-based compensation. The law was put in place in 1993 in order to discourage excessive pay, according to the study, which goes on to say that Wal-Mart has abused the law.

Wal-Mart attacked for big tax breaks - Fortune

So Walmart complied with a tax law enacted by congress? Big whup. Millions of Americans do just that every April 15.
The author of the "study" was something called Americans for Tax Fairness, which describes itself as "a diverse campaign of national, state and local organizations united in support of a tax system that works for all Americans."

Sure it is.

ATF claims to be "based on the belief that the country needs comprehensive, progressive tax reform that results in greater revenue to meet our growing needs. This requires big corporations and the wealthy to pay their fair share in taxes, not to live by their own set of rules."

The focus is getting clearer.

"Americans for Tax Fairness was established to help make the economy work for all — with adequate levels of investment in critical areas that create and sustain jobs and a balanced and equitable approach to decisions on the federal budget challenges we face. This requires raising sufficient revenues with everyone, including corporations, paying their fair share of taxes."

Interestingly ATF seems to believe only Walmart and the wealthy must pay more in taxes to achieve "fairness" while no consideration is given to redistributing current federal revenues to accomplish their "mission" and none at all to cutting gov't spending. Frankly, ATF seems to be a "progressive" entity whose sole purpose is to promote higher taxes (for corps and the wealthy) and more gov't spending.

ATF's co-chairs are:
Mary Kusler, the Director of Government Relations for the National Education Association.
Kim Fellner, associate director of Working America, the community affiliate of the AFL-CIO.
Lawrence Mishel, president of the Economic Policy Institute, 29% of whose funding comes from - drum roll, please - LABOR UNIONS.

Americans for Tax Fairness

 

[francoHFW]

When 95% of new wealth goes to the richest 1% and the nonrich and the country are falling apart, it's time for more taxes on the richest and their tax free corps.

 

[SAYIT]

tax law that allows companies to deduct unlimited amounts for performance-based compensation.
Hold on one second....WalMart is following the tax law????
Outrageous!!!!!
Moron.

BENDING the law they bought? Yep

You forgot to post a link to Walmart's purchase of that law which, according to your source, "was put in place in 1993 in order to discourage excessive pay..."

My guess? You're simply spewing the same old baseless loony leftist hate for all things successful.

As a disclaimer I admit that my family has benefitted nicely from having Walmart stock in our retirement portfolios for the past 20 years. Thank you Walmart.

 

[OnePercenter]

Big difference between the Con Artist at ENRON, and the actual utilities working there. 2 went bankrupt, and California bought the transmission lines to save the third utility there back then.

Bottom line California has a habit of chasing away companies.................Why should they come in there and build when people like you say your gonna regulate and tax their asses off.......................I heard that from the big dogs building that plant...........

Just down the street..................a PEAKER COAL PLANT RUNNING AT 30 % CAPACITY...............But they would be fined for producing more power to stop the Black Outs because COAL IS THE DEVIL TO PEOPLE LIKE YOU............

For a State that you say 'chases away companies', California has a crap load of companies.

Coal was shut down by the market. Natural gas is MUCH less expensive. Fewer dead miners too!

 

[Ray From Cleveland]

The idea that the housing bubble was created by Dems is ridiculous. Fanny and Freddie's share of the real estate market went from 75% to 25% in 2003 when corrupt, crony Boooshie regulators allowed private firms to rate toxic at A+ and allow it to be bundled, insured and sold around the world duh. Barney was one of hundreds of Dem and Pub pols who told people not to worry in 2008 duh. Trying to tamp down a panic.

They did get into it late and did less than a quarter of it, as you can see from the bailout costs. The law you blame Clinton for was a Pub bill he just signed. It took corrupt Boooshie regulators to pervert it and cause the bubble.

No because I have plenty of articles supporting the point that Democrats were the ones who initiated the bubble. You can't force banks to give loans to unqualified borrowers and expect a decent outcome. Banks sell those loans because they know they are bad, so they toss them out into the market as bundled securities which investors expected to be solid.

I won't go as far as to say that GW nor the Republicans had nothing to do with it, but to say it was their fault entirely is ridiculous. The Republicans had no interest in getting more blacks into their own homes. Blacks vote Democrat. That would be like Democrats promoting the NRA.

What this video shows (and I have more just like it) is how Democrats fought tooth and nail to make sure F and F had no oversight by our government, and how Republicans knew well in advance how precarious these practices were. Yes, Republicans tried to stop it while Democrats promoted it.

 

[Ray From Cleveland]

Big difference between the Con Artist at ENRON, and the actual utilities working there. 2 went bankrupt, and California bought the transmission lines to save the third utility there back then.

Bottom line California has a habit of chasing away companies.................Why should they come in there and build when people like you say your gonna regulate and tax their asses off.......................I heard that from the big dogs building that plant...........

Just down the street..................a PEAKER COAL PLANT RUNNING AT 30 % CAPACITY...............But they would be fined for producing more power to stop the Black Outs because COAL IS THE DEVIL TO PEOPLE LIKE YOU............

For a State that you say 'chases away companies', California has a crap load of companies.

Coal was shut down by the market. Natural gas is MUCH less expensive. Fewer dead miners too!

Wrong. Coal is being attacked by the Obama administration and his minions. They already shut down many plants and forced the remaining open ones to invest millions of dollars in greener technology. It had nothing to do with natural gas because the US is the Saudi Arabia of coal.

 

[OnePercenter]

Damn Bush and those republicans for not figuring out how to stop the housing industry from failing when all of those creative loans forced by Clinton came due.
and Damn Bush and those republicans for not trying to convince the democrats that the crash was coming.
Oh why couldnt they just listen to the dems like Barney Franks when he told them the industry was in good shape.

Can you name one person that couldn't afford to make a house payment due to the 'creative loans?'

 

[OnePercenter]

With the Status quo.................NOPE..........We are trying to take out the trash...........how about your side...

Oops you favor Liars and criminals..............Like Hillary, and the pen and phone guy.

No. It's because the rich/wealthy like me don't want it, and we own your ass.

The only way to end income inequality and boost the economy is to regulate it.

 

[Toddsterpatriot]

Which is broke.... personal IRA's are not. SSI is a Ponzi scheme.

Broke? lol

PAY AS YOU GO SYSTEM, THAT CONSERVATIVES STARTING WITH REAGAN, RAIDED THE TRUST FUNDS TO HIDE THE COSTS OF TAX CUTS FOR THE RICH!!!

Oh, right.. its Reagan's fault.

You're such an idiot.

Nah, Ronnie "saving SS" by increasing SS taxes 60%, which hid the REAL costs of tax cuts for the rich, and then using the trust funds of the $3 trillion in excess payments, WASN'T the fault of Ronnie??? lol

Nah, Ronnie "saving SS" by increasing SS taxes 60%,

Liar!

Reagan needed a new source of revenue to replace the revenue lost as a result of his unaffordable income tax cuts. He wasn’t about to rescind any of his income-tax cuts, but he had another idea. What about raising the payroll tax, and then channeling the new revenue to the general fund, from where it could be spent for other purposes? An increase in Social Security taxes would be easier to enact than a hike in income tax rates, and it would leave his income tax cuts undisturbed. Reagan’s first step in implementing his strategy was to write to Congressional leaders. His first letter, dated May 21, 1981 included the following:

As you know, the Social Security System is teetering on the edge of bankruptcy…in the decades ahead its unfunded obligations could run well into the trillions. Unless we in government are willing to act, a sword of Damocles will soon hang over the welfare of millions of our citizens.

Reagan wrote a follow-up letter to Congressional leaders dated July 18, 1981, which included:

“The highest priority of my Administration is restoring the integrity of the Social Security System. Those 35 million Americans who depend on Social Security expect and are entitled to prompt bipartisan action to resolve the current financial problem.

Social Security was definitely not “teetering on the edge of bankruptcy” in 1981 as Reagan claimed in his letter to Congressional leaders. The 1983 National Commission on Social Security Reform, headed by Alan Greenspan, issued its “findings and recommendations” in January 1983. The Commission accurately foresaw major problems for Social Security when the baby boomers began to retire in about 2010. But that was nearly two decades down the road


Ronald Reagan and The Great Social Security Heist : FedSmith.com

Reagan needed a new source of revenue to replace the revenue lost as a result of his unaffordable income tax cuts. He wasn’t about to rescind any of his income-tax cuts, but he had another idea. What about raising the payroll tax, and then channeling the new revenue to the general fund, from where it could be spent for other purposes?

Sneaky! So he dropped the 1981 rates from
70%, 68%, 64%, 59%, 54%, 49%, 43%, 37%, 32%, 28%, 24%, 21%, 18%, 16%, 14% down to
50%, 49%, 44%, 39%, 33%, 29%, 25%, 22%, 19%, 16%, 14%, 12%.
And to replace the "lost revenue", he raised the Social Security tax from 5.4% in 1982 to 6.06% in 1988.

 

[SAYIT]

When 95% of new wealth goes to the richest 1% and the nonrich and the country are falling apart, it's time for more taxes on the richest and their tax free corps.

Could that possibly be because the top 1% benefit from wise investments in America, creating new jobs, products and services while the poor do not invest at all? The rich are not rich because the poor are poor and the poor are not poor because the rich are rich. Your consistent jealousy - like that of all the loony lefties here, there and everywhere, has been duly noted ... again.