Thread: Tax the Rich

How many people believe the current rhetoric about taxing the rich to reduce the deficit?

Does anyone believe that the government will spend any less?

Do you believe that taxing the "rich" will do anything at all to reduce deficit spending?

Do you believe that the level of government spending is dangerous to the country?

All this talk about closing tax loopholes, they are talking about stealing your 401K and taking away tax "deductions" like mortgage interest.

They tried taxing the poor and it didn't work out. The "middle class" is getting poor. Who's left ? OTOH, you're right about them and deficit spending. They'll never stop. I don't know what the answer is. I just wish "they" would agree on doing something.

HELL YEAH!!

That "plan" they presented will buy about 8.5 days of operating capital for the "gov't" at their current rate of pooping off money. BUT, it'll make the poor, put upon, ENTITLED class think that the emperor is still on "their" side by taking the rich bastid's ill gotten booty and spreadin dat shyte aroun'.

GIMME MY OBAMA PHONE!!!!

They'll just keep kickin the can down the road.

Funny, lived all my life in a country that does not allow you tax deductions on mortgage interest and I still survived just fine. I know one thing though, trickle down economics don't work either.

Bob

Originally Posted by JimmyHAD

They tried taxing the poor and it didn't work out. The "middle class" is getting poor. Who's left ? OTOH, you're right about them and deficit spending. They'll never stop. I don't know what the answer is. I just wish "they" would agree on doing something.

"They" have agreed on doing something: "their" economic plan is simply to carry on with business as usual and kick the can down the road.

Saw on the news the other night that "THEY" had just completed a socer field at Gitmo for the prisioners. It only cost 733K. They brought it in under budget as anything over 749K has to be approved by Congress.

"ITS' NOT ON ITS WAY FOLKS, ITS HERE. DUH

No clue. I'm gonna go get some breakfast before the government steals my tax deduction.

Originally Posted by d. m. ellington

Saw on the news the other night that "THEY" had just completed a socer field at Gitmo for the prisioners. It only cost 733K. They brought it in under budget as anything over 749K has to be approved by Congress.

"ITS' NOT ON ITS WAY FOLKS, ITS HERE. DUH

I work for a state government, you'd be surprised how many times things like that happen where I work. For example, we buy bridge handrail from a supplier that sells it in 100' minimum orders. 5 sticks that are 20' long. He sells it for $4998.00 per 100'. Reason? The state requires a bid on anything over $5K. The state keep buying it though.

However it will be a pretty good wait for him on our next order as I've repossessed close to a couple thousand feet of rail on bridges that are being demo'd. I'll save the taxpayers some money on handrail and my boss will poop it off on something else.

Originally Posted by Crotalus

How many people believe the current rhetoric about taxing the rich to reduce the deficit? I do. In my house when things come up that need to be done, if it's menial, I ask the kids to do it. If it's expensive, I ask the person making the most amount of money to take care of it - my wife lol.

Does anyone believe that the government will spend any less? Well that's what the whole "fiscal cliff" is all about isn't it? Not only are they going to go back to the way we once taxed the rich - they are going to cut spending like mad men! So yeah - they'll be spending less... A WHOLE LOT LESS!

Do you believe that taxing the "rich" will do anything at all to reduce deficit spending? Really, that's two separate issues but again - the reinstating of taxes pre-Bush is just part of the whole fiscal cliff thing - the cuts in spending are all a part of it.

Do you believe that the level of government spending is dangerous to the country? Kind of - but not really. Going to war on our own dime when we can't afford it is dangerous. I don't mind when they spend on infrastructure and social programs... but then that's not what's making America poor... sigh.
I liked it better when America went to war and China, Japan and everyone else paid for it... but that's just me.

All this talk about closing tax loopholes, they are talking about stealing your 401K and taking away tax "deductions" like mortgage interest. Well with the government unable to get it together with one another - everything is on the table but I somehow doubt that they'll ever "steal" your 401K - it's counter intuitive. Stopping the mortgage deductions would be a really, really good thing in my opinion as the very idea of not paying off your mortgage in order to get a deduction is one of the reasons we have housing bubbles. It promotes poor fiscal management but... we'll see.

I get that many don't like government and that many are tainted by poor government in the past but the actions that are taking place now are the result of government KNOWING that it has to get its act together! We are the government and we all have a part to play!

A very large part of me hopes that the Republicans and Democrats can't get their act together by January... Changes have to take place. If what's going on now continues, my kids will never have a life but mostly it's because I believe in fiscal conservatism!

YMMV

Originally Posted by earcutter

I get that many don't like government and that many are tainted by poor government in the past but the actions that are taking place now are the result of government KNOWING that it has to get its act together! We are the government and we all have a part to play!

A very large part of me hopes that the Republicans and Democrats can't get their act together by January... Changes have to take place. If what's going on now continues, my kids will never have a life but mostly it's because I believe in fiscal conservatism!

YMMV

My thinking on this mess is that it is the fault of BOTH parties. I think they fuss and fight and fight and finger point all day long, then get drunk at night and laugh about how great the show was that they just put on. Theater for the masses in other words. The dems are "for" the poor and down trodden whilst the repubs are "for" the worker and the producer and the WHOLE time they are for nothing other than themselves.

WE as nation have allowed this happen. I feel the majority of the people in the US know more about Dancing With the Stars than they do about their government and its goings on.

NOTHING will change as long as that mentality prevails other than more erosion of our rights so Uncle Sugar can take "care" of us.

It'll be an expensive and demeaning ride to the bottom.