Originally Posted by baddog (Post 14315258)

You mean for the welfare state the democrats want to create?

Originally Posted by pocketkangaroo (Post 14315568)

That hack is one of the greatest stock market investors we've ever seen. And the elitist has given billions of dollars to charitiable organizations and plans to leave almost everything he has to them as well.

What a scumbag!

Originally Posted by WhiplashDug (Post 14315599)

No, your wrong entirely. The US produces the ONLY system in the world where you can move UP the social ladder from any starting point. NO WHERE else on earth do people live like they live here. Even our poor people would be considered very wealthy in most of the rest of the world.

There is a REASON everyone is trying to get here - its because everywhere else basically sucks! Part of that reason is because of our economic system. "The land of opportunity" is not just some made up bullshit - its actually the truth.

Taxes are inhibitive of growth! Especially when they are levied on the rich. Every dollar you take in additional income tax is another dollar not spent in the economy. That means, less taxes overall - since NONE of that money goes back into the economy creating industry, jobs, sales and MORE TAXES at every level of that economic production.

You can all sit here and try to restate all the spin you've heard on the telle all you want, but in truth, if you spent the time to go back and actually review the facts, you would see that EVERY TIME taxes have been cut (Kennedy, Reagan & Bush) the economy responded with record growth and total tax revenue INCREASED dramatically!

To say that the tax cuts have negatively impacted revenues - is an outright lie.

Originally Posted by TheDoc (Post 14315617)

It has also statistically been proven, economically and socially, that improving the welfare for the poor, the living, life around them, ect.. lowers crime rate, improves graduation levels, lowers drug crimes, increases jobs, house building, ect. Even removing graffiti has this effect.

Improving your poor improves your country, lots of facts can be found to back this up.

Originally Posted by Mike33 (Post 14315639)

Even though I think Buffet has a good point, the reality is that increasing taxes on the super rich does cause them to invest (or hide their money) overseas rather than domestically. The super rich want to see profit increase every year despite the fact that they have enough money for their kid's grandchildren and their grandchildren for 100s of years.

So I guess cutting taxes for all may just be the best idea, especially since we're still in a recession due to the housing implosion and war - both of which are disastrous for economies.

Originally Posted by WhiplashDug (Post 14315521)

Anything that comes from that tools [Warren Buffett] mouth should be considered garbage! The guy is a hack! He is nothing more than another Elitest scumbag! Personally - i dont have a problem with his tax bracket example...

Originally Posted by WhiplashDug (Post 14315599)

You can all sit here and try to restate all the spin you've heard on the telle all you want, but in truth, if you spent the time to go back and actually review the facts, you would see that EVERY TIME taxes have been cut (Kennedy, Reagan & Bush) the economy responded with record growth and total tax revenue INCREASED dramatically!

To say that the tax cuts have negatively impacted revenues - is an outright lie.

Originally Posted by WhiplashDug (Post 14315599)

No, your wrong entirely. The US produces the ONLY system in the world where you can move UP the social ladder from any starting point. NO WHERE else on earth do people live like they live here. Even our poor people would be considered very wealthy in most of the rest of the world.

There is a REASON everyone is trying to get here - its because everywhere else basically sucks! Part of that reason is because of our economic system. "The land of opportunity" is not just some made up bullshit - its actually the truth.

Taxes are inhibitive of growth! Especially when they are levied on the rich. Every dollar you take in additional income tax is another dollar not spent in the economy. That means, less taxes overall - since NONE of that money goes back into the economy creating industry, jobs, sales and MORE TAXES at every level of that economic production.

You can all sit here and try to restate all the spin you've heard on the telle all you want, but in truth, if you spent the time to go back and actually review the facts, you would see that EVERY TIME taxes have been cut (Kennedy, Reagan & Bush) the economy responded with record growth and total tax revenue INCREASED dramatically!

To say that the tax cuts have negatively impacted revenues - is an outright lie.

Originally Posted by Mike33 (Post 14315639)

Even though I think Buffet has a good point, the reality is that increasing taxes on the super rich does cause them to invest (or hide their money) overseas rather than domestically. The super rich want to see profit increase every year despite the fact that they have enough money for their kid's grandchildren and their grandchildren for 100s of years.

So I guess cutting taxes for all may just be the best idea, especially since we're still in a recession due to the housing implosion and war - both of which are disastrous for economies.

Originally Posted by Platinum Bryan (Post 14315670)

Yes the USA is the only country in the world where one can get ahead in life. WOW

:1orglaugh:1orglaugh

Originally Posted by pocketkangaroo (Post 14315667)

Actually that's a complete and outright lie. Those periods were the periods of slowest growth in terms of tax revenues.

Lowering the oppressive tax rates of those times was a good thing, but making up bullshit facts to try and support your case is wrong. :thumbsup

Originally Posted by WhiplashDug (Post 14315681)

Not the only - but certainly the most popular...... wouldn't ya agree?

Originally Posted by WhiplashDug (Post 14315675)

WHAT RECESSION??????????????? We are not in a recession!!!!!!!! geeeez!


You can say it all you want - but ECONOMISTS and ECONOMIC MEASURES have rules to follow - and the definition of a recession is TWO CONSECUTIVE QUARTERS OF NEGATIVE ECONOMIC GROWTH!!!!

Here's a hint for ya... we haven't even had one much less two - so No recession! Just because CBS, NBC, ABC, CNN, FOX, MSNBC and the like say it every night - still don't make it true!!!!

Originally Posted by WhiplashDug (Post 14315698)

Opps... Sorry - MY BAD!!!!

http://taxprof.typepad.com/photos/un...ue20growth.jpg

Originally Posted by fsudirectory (Post 14315704)

AND if your Making 250k-600k, please tell me you cannot afford the estimated $12 increase in your taxes. LMAO.

Originally Posted by Pleasurepays (Post 14315725)

how many times does this fucking nation of idiots have to relearn the lesson that you can't punish success as a means to fix social problems?

:1orglaugh:1orglaugh:1orglaugh

Originally Posted by Pleasurepays (Post 14315725)

how many times does this fucking nation of idiots have to relearn the lesson that you can't punish success as a means to fix social problems?

:1orglaugh:1orglaugh:1orglaugh

Originally Posted by tony404 (Post 14315750)

You're not punishing success. Like I will say again higher taxes during clinton lots of fortunes were made.

Originally Posted by Adult Lounge - Brad (Post 14315734)

Let's see the spending though :1orglaugh:1orglaugh:1orglaugh

Originally Posted by Mike33 (Post 14315735)

That kind of money doesn't go far if you live in NY or other major cities. A 12% increase for this group could very well cause them to close up their business operations, or stop them from expanding their business.

Originally Posted by Mike33 (Post 14315524)

The logic only works when you're talking about 'successful' people who make $250k. If you penalize these people, you can put them in dire straits. You create a huge underclass by penalizing the middle class and upper middle class. If you increases taxes on the super rich, they're still super rich. How is that penalizing them? You think the super rich are going to jump ship because they make $2 billion instead of $3 billion?

Originally Posted by Mike33 (Post 14315735)

That kind of money doesn't go far if you live in NY or other major cities. A 12% increase for this group could very well cause them to close up their business operations, or stop them from expanding their business.

Originally Posted by WhiplashDug (Post 14315763)

OH YEAH!!! SPENDING is the real problem! Not taxes!!

This discussion CANT go the direction of spending though.. cause we dont have enough space left on the web to talk about that... plus, i dont wanna have to off myself at the end of the conversation. Dem or Rep - they BOTH spend the SHIT out of the money!

Originally Posted by CDSmith (Post 14315768)

Huh, well, if you're going to tax the uber successful in your country a billion dollars each you better be prepared for the economic fallout that comes with it,


is all I'm saying.

Originally Posted by MovieMaster (Post 14315551)

How Taxes Work

Since it is tax season....It's good to understand how taxes are paid.
Let's put tax cuts in terms everyone can understand.

Suppose that every day, ten men go out for beer and the bill for all ten
comes to $100.

If they paid their bill the way we pay our taxes, it would go something
like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that's what they decided to do.

The ten men drank in the bar every day and seemed quite happy with
the arrangement, until one day, the owner threw them a curve. "Since
you are all such good customers," he said, "I'm going to reduce the
cost of your daily beer by $20."Drinks for the ten now cost just $80.

The group still wanted to pay their bill the way we pay our taxes so
the first four men were unaffected. They would still drink for free. But
what about the other six men - the paying customers? How could they
divide the $20 windfall so that everyone would get his 'fair share?'
They realized that $20 divided by six is $3.33. But if they subtracted
that from everybody's share, then the fifth man and the sixth man
would each end up being paid to drink his beer.

So, the bar owner suggested that it would be fair to reduce each
man's bill by roughly the same amount, and he proceeded to work
out the amounts each should pay.

And so:

The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33%savings).
The seventh now pay $5 instead of $7 (28%savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued
to drink for free. But once outside the restaurant, the men began to
compare their savings.

"I only got a dollar out of the $20,"declared the sixth man. He pointed
to the tenth man," but he got $10!"

"Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too.
It's unfair that he got ten times more than I!"

"That's true!!" shouted the seventh man. "Why should he get $10 back
when I got only two? The wealthy get all the breaks!"

"Wait a minute," yelled the first four men in unison. "We didn't get
anything
at all. The system exploits the poor!"

The nine men surrounded the tenth and beat him up.

The next night the tenth man didn't show up for drinks, so the nine sat
down
and had beers without him. But when it came time to pay the bill, they
discovered something important. They didn't have enough money
between all of them for even half of the bill!

And that, boys and girls, journalists and college professors, is how
our tax system works. The people who pay the highest taxes get the
most benefit from a tax reduction. Tax them too much, attack them
for being wealthy, and they just may not show up anymore. In fact,
they might start drinking overseas where the atmosphere is somewhat
friendlier. Remember they are the ones who pay your wages, create jobs, and innovate.

David R. Kamerschen, Ph.D.
Professor of Economics
University of Georgia[/COLOR]

Originally Posted by tony404 (Post 14315797)

What fallout? With all the money the rich get to keep now, the economy is in the toilet. I was listening to a story about a guy in IT , cant get a job went on 75 interviews in one year and is now going to work as a driving instructor. He is a degreed professional.The country is in the shitter for the middle class and we have most billionaires. Trickle down doesnt work.

Originally Posted by Pleasurepays (Post 14315788)

people are dumb and getting dumber everyday. I have totally given up on humanity. For the 10,000,000,000th time, some jackass will come to power on the platform that life is unfair and he can fix it for the lowest common denominator. and for the 10,000,000,000th time, all those idiots who have no concept the basic fundamentals of macro economics, much less how a government actually functions and bills are passed, are going to be sorely dissapointed.

but who gives a fuck right? blindly line up behind a a guy who's 1/2 dead already, a vile cunt, or a racist idiot who says nothing but "change" and "hope" - its much easier than critical thinking.

we are once again directing our attention away from the worship of success to promoting the "everyones a victim" mentality full time.... and we suffer for it as a nation. those two ideas can't exist together. either you believe in people and their potential to overcome and achieve or you don't. we have no direction as a nation. no sense of self identity as a nation. we have no collective values other than the same old stupid rhetoric of 300 years ago that people chant like retarded monkeys without even stopping to think about what they are saying, what it means or how this nation was even formed and grew to what is today.

its totally unreal that the USA is becoming a nation of losers with their hands out waiting for someone to fix their lives for them.

fuck you people. i'm leaving.

http://www.house.gov/jec/fiscal/tx-g...t/reag***t.htm

"The Reagan tax cuts, like similar measures enacted in the 1920s and 1960s, showed that reducing excessive tax rates stimulates growth, reduces tax avoidance, and can increase the amount and share of tax payments generated by the rich. High top tax rates can induce counterproductive behavior and suppress revenues, factors that are usually missed or understated in government static revenue analysis. Furthermore, the key assumption of static revenue analysis that economic growth is not affected by tax changes is di sproved by the experience of previous tax reduction programs. There is little reason to expect static revenue analysis to evaluate the economic or distributional effects of current tax reform proposals much better than it evaluated the Reagan tax program 15 years ago."

Originally Posted by CDSmith (Post 14315806)

Then you'll be voting for Obama I take it.

Originally Posted by tony404 (Post 14315797)

What fallout? With all the money the rich get to keep now, the economy is in the toilet. I was listening to a story about a guy in IT , cant get a job went on 75 interviews in one year and is now going to work as a driving instructor. He is a degreed professional.The country is in the shitter for the middle class and we have most billionaires. Trickle down doesnt work.

Originally Posted by Mike33 (Post 14315735)

That kind of money doesn't go far if you live in NY or other major cities. A 12% increase for this group could very well cause them to close up their business operations, or stop them from expanding their business.