Obama wants to halve budget deficit

#26
#26
rjd, do you think raiseing taxes on ANYONE in this economy is the right thing to do?
 
#27
#27
allvol123 said:
I don't think they need a tax break to create jobs. I think they need one because I don't know where someone thinks the government has the right to steal such large sums from them.

Where are all the jobs? If you are under 40 and live in this country you have not seen an economy that you should not have been able to make it in. If you did not make it, it is because you are too damn lazy and/or stupid to do so.

Glad you made it on your own. Why are you so consumed with making sure the rich pay a percentage you don't dare come close to paying. What principles do you live by?
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I am simply saying that giving them more money doesn't necessarily create more economic prosperity. I am getting that is the general feel on these boards. If you are not in that camp, I apologize.

I don't want to pay any taxes, just like I am sure the rich don't want to pay any of it. But it is an ugly reality. Spending is the issue, but if we are going to spend, we need to tax. I point to the results of the last 8 years as evidence it doesn't work.
 
#28
#28
rjd970 said:
I am simply saying that giving them more money doesn't necessarily create more economic prosperity. I am getting that is the general feel on these boards. If you are not in that camp, I apologize.

I don't want to pay any taxes, just like I am sure the rich don't want to pay any of it. But it is an ugly reality. Spending is the issue, but if we are going to spend, we need to tax. I point to the results of the last 8 years as evidence it doesn't work.
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I don't really care if it does or doesn't. I care more about the prinicples and/or reasoning for them being taxed more. But, if the question is posed, then yes letting them keep more of the money they earned will allow them to pursue more ventures which in turn creates more jobs. I'v worked in close enough proximity to business owners and CEOs to see that they are constantly seeking more ways to generate revenue, which usually involves needing more people. The ones I have seen do not desire to sit on their money.

So we keep taxing more so we can spend more? How about we attack government spending side instead of attacking people that earn what they have.
 
#29
#29
As I said, spending is the issue. And I still don't think tax breaks for the wealthy create more jobs.

The argument that the wealthy pay a disproportionate amount when compared to everybody else is the far better position, IMO.
 
#30
#30
T-TownVol said:
rjd, do you think raiseing taxes on ANYONE in this economy is the right thing to do?
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I'm an idealist. I think we should have let the banks fail and let the recession run its course. Government meddling of any kind just makes the economic recovery process longer.

I don't like raising taxes on anybody, under any economy. That being said, if we are going to bail out banks and spend on infrastructure projects, it is fiscally irresponsible not to tax.
 
#31
#31
rjd970 said:
I'm an idealist. I think we should have let the banks fail and let the recession run its course. Government meddling of any kind just makes the economic recovery process longer.
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I read that but was under the impression you backed BO. How could that have ever happened because the guy in the WH and that statement will never meet.
 
#33
#33
rjd970 said:
I'm an idealist. I think we should have let the banks fail and let the recession run its course. Government meddling of any kind just makes the economic recovery process longer.

I don't like raising taxes on anybody, under any economy. That being said, if we are going to bail out banks and spend on infrastructure projects, it is fiscally irresponsible not to tax.
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So basically, you have been arguing for the sake of arguing.
 
#36
#36
MG1968 said:
at the rate Obama is going, it'll take another 8-24 years to undo the damage he's planning to cause.

does the left not realize that raising taxes on people who actually employ other people is stupid?

if you want to raise taxes on the rich, leave their income alone, raise taxes on their trust funds and/or base it on their net worth. that way that fat bastard Ted Kennedy can actually feel some of the pain he's been causing real taxpayers.
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Right, the good ole give the top 1% tax breaks so they can create jobs. That would be great if they were in fact creating those jobs. So where are all the jobs? If they're not creating those jobs, it's time to tax the hell out of them.
 
#37
#37
rjd970 said:
I am responding to the ridiculous notion that the wealthy 1% deserve a tax break because they create jobs. I just want to know, after the tax breaks of the last 8 years, where all these jobs are.

I don't want anything from anybody. I worked two jobs all through college, got a good job, and went and got my masters. I am self-made and I did it all my own. I have created the life myself that I enjoy and I don't need a thing from anybody.

You guys are the one's on here saying the wealthiest need a break to create something for the rest of us.
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Where would you be if the business owners had not offered these jobs? Liberals always seem to forget that the reason people start businesses and create jobs is to make money. If these people are to be taxed at a level that makes business too much risk for the returns expected, then they will not create these jobs.
 
#38
#38
OWB said:
Right, the good ole give the top 1% tax breaks so they can create jobs. That would be great if they were in fact creating those jobs. So where are all the jobs? If they're not creating those jobs, it's time to tax the hell out of them.
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The attitude that beceause someone else has more than me they should have to pay their way plus much more is stupid. Grow up and take responsibility for yourself.
 
#39
#39
OWB said:
Right, the good ole give the top 1% tax breaks so they can create jobs. That would be great if they were in fact creating those jobs. So where are all the jobs? If they're not creating those jobs, it's time to tax the hell out of them.
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then what? what happens when these people get tired of footing the bill for people like you and leave the country and take their money and their jobs with them?
 
#40
#40
Headed For Home said:
The attitude that beceause someone else has more than me they should have to pay their way plus much more is stupid. Grow up and take responsibility for yourself.
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It has nothing to do with me taking care of myself and growing up, I'm fine, trust me. It's about the whole country suffering because of greed and corruption. I hope you still have a home to head for when this all said and done. If not, well, I won't feel sorry for you.
 
#41
#41
Headed For Home said:
Where would you be if the business owners had not offered these jobs? Liberals always seem to forget that the reason people start businesses and create jobs is to make money. If these people are to be taxed at a level that makes business too much risk for the returns expected, then they will not create these jobs.
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Obama and big government will fix it.:whistling:
 
#42
#42
MG1968 said:
then what? what happens when these people get tired of footing the bill for people like you and leave the country and take their money and their jobs with them?
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Won't make a difference to me, they don't foot the bill for me and I'm certainly not working for any of them. But honestly, where are they going to go?
 
#43
#43
OWB said:
It has nothing to do with me taking care of myself and growing up, I'm fine, trust me. It's about the whole country suffering because of greed and corruption. I hope you still have a home to head for when this all said and done. If not, well, I won't feel sorry for you.
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I as well as most of the posters here believe that what I have worked for should be mine and not yours. I cannot tell what level of success or failure that you, I, or anyone else will have with the economy and this administration in place. I can tell you that taking other people's money because they have more than you is inherently WRONG.
 
#45
#45
OWB said:
It has nothing to do with me taking care of myself and growing up, I'm fine, trust me. It's about the whole country suffering because of greed and corruption. I hope you still have a home to head for when this all said and done. If not, well, I won't feel sorry for you.
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Oh, people at the top have money due to greed. You have yours because you are a nice guy. You keep yours because, well, someone else should take care of the bills. Those greedy jokers who are taking the risks just owe everyone else at a disproportionate rate, because that's just how it should be. They didn't create a job therefore they should pay more. Their time and risk in earning their money isn't worth as much as yours is.

You might hearken back to the good ole days of great depression, when yours was the approach. How did employment end up then?
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#46
#46
OWB said:
It has nothing to do with me taking care of myself and growing up, I'm fine, trust me. It's about the whole country suffering because of greed and corruption. I hope you still have a home to head for when this all said and done. If not, well, I won't feel sorry for you.
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It's ironic that these same people you mention are footing the majority of the bill for those who make bad decisions, and are perfectly happy to let the government fulfill their needs. The bottom line is those that you say suffer because of the greed of others depend on their greed to pay their way.
 
#47
#47
On the point of the thread - it will take considerably more than allowing the Bush tax cuts to expire to hit the goal of trimming the budget deficit in half. It will require either major tax hikes or massive spending cuts. With BO and likely still a Dem controlled Congress - which do you think is likely.

Further, BO is setting a goal for a 1/2 trillion deficit in 4 years! That is an absolutely massive # and tells you will be running trillion + deficits. We are completely screwed.
 
#48
#48
rjd970 said:
As I said, spending is the issue. And I still don't think tax breaks for the wealthy create more jobs.

The argument that the wealthy pay a disproportionate amount when compared to everybody else is the far better position, IMO.
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what tax breaks are you talking about? 44% of my income goes to the govt and trust me i'm not living high on the hog.
 
#49
#49
rjd970 said:
These top 1% earners have been given all the breaks the last 8 years and all we got was bubbles and psuedowealth. .
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what breaks are you talking about? the only "break" i've seen is that their income get's taxed at the same rate as the top 5% earners.
 
#50
#50
droski said:
what tax breaks are you talking about? 44% of my income goes to the govt and trust me i'm not living high on the hog.
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44%?

According to the IRS, the highest income bracket is 35%, for those making over $357,000/year.

And I am talking about the Bush Tax Cuts.
 
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