Obama's Final Betrayal

#26
#26
sjt18 said:
ALL TAXES ARE ULTIMATELY PAID BY THOSE WHO CREATE WEALTH... pretty much without regard to their level of wealth or income. Raising taxes on ANYONE involved in that production of wealth to give to those not involved or arbitrarily to those whose value to that production is less... will only make the problems worse.
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Absolutely false.

Taxes are the costs of doing business (and the costs of civilization). No one has ever failed to create wealth because of taxes.

I want someone other than me to post Adam Smith's rules for taxation. It's time we got to grips with the man we claim knew it all (I actually like Adam Smith, btw).

Get them on the table people. Then we will have something to memorize.
 
#27
#27
utgibbs said:
What are you talking about? The country is rolling BACKWARDS. Bankruptcy is the new "wealth"?????

Pouring a three trillion (QE1) and (QE2) to support the Welfare Dads is a healthy economy?

Epic Fail and Epic Facepalm. Demonstrating a deep need to look outside the front door and soak up the real world. And that ain't MTV.

Eye Yii Yii. :facepalm:
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were you and gsvol separated at birth? You both display an amazing ability to be condescending jackwagons whenever people don't play along with whatever game you're currently playing.
 
#30
#30
We have and continue to have a progressive tax system (as good old Adam Smith advocated).

There's a current story in Forbes that demonstrates how the Bush tax cuts actually were progressive tax cuts - when looking at the impact on total tax rate, the decrease in total tax rate for middle and lower income groups is GREATER than that for high income. Add to that the fact that the % of taxes paid by the top INCREASED after the tax cuts (due to progressive effect and shifts in income distribution).

By extending this cut package, we are continuing a tax program that increased the progressivity (if that's a word) of the tax system.
 
#31
#31
volinbham said:
We have and continue to have a progressive tax system (as good old Adam Smith advocated).

There's a current story in Forbes that demonstrates how the Bush tax cuts actually were progressive tax cuts - when looking at the impact on total tax rate, the decrease in total tax rate for middle and lower income groups is GREATER than that for high income. Add to that the fact that the % of taxes paid by the top INCREASED after the tax cuts (due to progressive effect and shifts in income distribution).

By extending this cut package, we are continuing a tax program that increased the progressivity (if that's a word) of the tax system.
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Thats not possible. The "right" hates the middle and lower class. Thats pretty universal.
 
#35
#35
volinbham said:
We have and continue to have a progressive tax system (as good old Adam Smith advocated).

There's a current story in Forbes that demonstrates how the Bush tax cuts actually were progressive tax cuts - when looking at the impact on total tax rate, the decrease in total tax rate for middle and lower income groups is GREATER than that for high income. Add to that the fact that the % of taxes paid by the top INCREASED after the tax cuts (due to progressive effect and shifts in income distribution).

By extending this cut package, we are continuing a tax program that increased the progressivity (if that's a word) of the tax system.
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Smith advocated more than just progressive tax rate, but very good start.

Furthermore, we do not have a progressive system - it is an ersatz flat tax - against ALL the maxims of Adam Smith. And it is absolutely false your point about the decrease in the tax rates for mid to lower income. In fact, everything after the Adam Smith admission just ain't so.

Tax_Rates_v._National_Debt.png
 
#38
#38
crazyguy said:
the clinton and obama years are pretty easy to spot....just look at the spending line.
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You're actually looking at the Reagan and Bush line. :eek:lol:

Reagan was nothing if not a master obfuscator - debt and spending went through the roof with both. Clinton actually ran a surplus....
 
#39
#39
so, the bottom tax rate is at its lowest level in the years you have shown....what's the problem? if you want to jack up the highest level...match it with the lowest.
 
#41
#41
utgibbs said:
You're actually looking at the Reagan and Bush line. :eek:lol:

Reagan was nothing if not a master obfuscator - debt and spending went through the roof with both. Clinton actually ran a surplus....
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Which Clinton policy led to the surplus?
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#42
#42
crazyguy said:
I'm going to need some years on here buddy
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You don't want to see them. It's common knowledge Reagan slashed revenues and increased spending. And I mean BIG TIME. The debt was trivial before the Reagan years; trivial.

The graph above was to demonstrate how false Bhamvol's point on the relative decrease in taxes on the lower - middle class is.

It's time to start looking outside the back door and collecting FACTS. Not ideology.

It's not what you don't know that gets you into trouble; it's what you know for sure that just ain't so.
 
#44
#44
utgibbs said:
Who would actually suggest taxes prohibit wealth creation?

Look outside your back door!
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What is wealth creation? Trying to make a successful career in which you make money?

Last time I checked, if someone takes away a portion of something, that could be deemed as prohibiting.

You question was silly. What this is about is the definition of fair. "Everybody gets a trophy argument."
 
#46
#46
utgibbs said:
I don't defend the Clinton years.

But they are easy to defend relative to Bush / Reagan.
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Again, which policy? You keep citing administrations as drivers and I'm asking which policies. Reagan fought tooth and nail with a retarded Tip O' for his entire tenure. You can't make drastic cute in spending with an idiot like that at the helm if one of the houses.
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#47
#47
I should add, I'm actually for a flat tax.

A PROGRESSIVE flat tax, which basically meets all of Adam Smith's requirements for tax policy.
 
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