"The American People"

Kinda like when someone says something like this: "70-80 percent of people polled say they want to raise taxes on the wealthiest Americans"

 

When we were consuming like crazy, the economy was booming. Now that wages have fallen, jobs have been lost, credit is expensive and there is less disposable income for a huge number of people, we are busting. Businesses will only create the jobs when the consumer demand is there. If there isn't demand because of a lack of disposable income, they will shed jobs to maintain profits. That is what is happening in our economy right now. Sales are down because consumers do not have money to spend but businesses are still making profits. They are making the profits by shedding jobs, decreasing wages, cutting benefits, etc. It is good for Wall Street and the company in the short term but, long term, it is just going to mean fewer consumer dollars out there. It is not sustainable for the long haul any more than a cut only debt plan is.

 

Nope, that is an actual result of a poll conducted and I can't remember the exact percentage but it was somewhere in that range. You can look it up easily.

 

So if we taxed these profitable companies and used the money to stimulate jobs, everyone would win? I believe that is what Obama has been saying all along.

 

How about government economic stimulation funded by taxes on the wealthy who are doing just fine as well as investments in small businesses and green job creation and infrastructure improvements? Pretty much what the president has been lobbying for over the last two years. I must be some kind of Socialist to even suggest such a thing. Oh my!

 

Just an observation but, we've tried the stimulus (a couple of times), we've tried the green initiatives, we've tried the "shovel ready" projects....where has it gotten us...another day older & deeper in debt. You do know what the definition of insanity is don't you?

 

That is a bogus characterization or just a stupid Right-wing talking point. Take your pick.

 

Spoken like a true extreme left-wing socialist who has not clue how a business runs.

 

Are you denying we've tried the stimulus thing more than once? Are you denying we've tried the green & infrastructure deals? Really?
Geesh, how consumed by BO idolatry are you?

 

We are probably past that. Any extra taxes would have to go to paying down the debt not stimulus. Which is not a bad idea in and of itself. Certainly seems like a saner argument than that businesses need the money to make jobs when they aren't able to make jobs with the profits they have now. A complete overhaul of the tax system for the long term would probably be the best bet. Something that is progressive but takes special interests and lobbyists out of their shelters and loopholes and subsidies, etc. Our tax system is complicated for a reason. Do you really think any of our politicians have the backbone to change that? After seeing how this debt ceiling business has been going, I am coming to the conclusion that our political system is showing signs of being an addict that won't change his ways until he hits rock bottom.

 

I can't look it up cause it doesn't exist. Just liberal lies from a clown too scared to link facts with his propaganda. Want the proof, all you have to do is read the remainder of YOUR post that I deleted.

Please explain how 70-80% of the American people support taxing the rich when 34% would favor a candidate who promised to vote against all tax increases. Guess we know you are not a math professor!

CHECKMATE!

 

Reminds me of what you said this morning;

 

OK, think of the government as you and I. We, (the government) tax the wealthy corporations and wealthy individuals at the rate that let's say Reagan taxed them at. The money comes in to us (the government) and is spent on both paying down the debt and creating jobs in both the private and the public sector while at the same time we shed unnecessary government programs.

Now let's say that there are some job losses due to higher taxes on wealthy businesses. Wouldn't those losses be more or less offset by the new jobs created through government (again us) seed money and investments? As all economic indicators have proven, money has pooled at the very top over the last quarter century and is benefitting the very, very few at the very, very tip of the economic pyramid. For the benefit of the country, we have reached the point where we need to actually redistribute extremely excessive wealth back to the vast majority of the population. If we as tax payers can bailout the banking system, they can bailout the American public in return. Fair is fair.

 

If that is not a socialist manifesto....... BTW, just what are we doing now. 51% of the American households are not paying any income tax and we are sending out 80,000,000 checks every month. What kind of numbers would you prefer? 98% of the American households not paying any income tax? Sending out 150,000,000 checks every month?

 

The 51% you cite is a Right-wing talking point. Remember FICA? That is paying taxes. Would you prefer that corporations that are the most profitable in the history of the world get a tax refund? Sure you would.

 

Oh what a stroke of genius!! Did I read this correctly? You want to raise taxes with the end result being an equal number of jobs created to offset the number lost by the tax hike? Hmmmm. I guess the end result would be more money for the gov't to spend, right? Now I see where you are going with this.....

 

How about left wing talking points like "tax the wealthy corporations", "wealthy individuals", "new jobs created through government", "redistribute extremely excessive wealth", etc.?

BTW, FICA is not income tax and it is their retirement, why should they not pay for it.

Just in case you missed it, there is not one plan out there (with the possible exception of Coburn's) that even approaches anything so foreign to liberals as "paying down the debt". The only question is how much to limit its growth.

 

Seriously? FICA is NOT an income tax? Whoa! Aren't you the guy that said inflation was a tax and now you are saying that The Federal Insurance Contributions Act (FICA) tax on employees and employers in NOT a tax? It accounts for 40% of the revenue the Federal Government takes in. Does it really work differently on your planet?

That statement is sig line worthy!

 

Please show me where I said "inflation was a tax" and then you can show me where I said "(FICA) tax on employees and employers in NOT a tax"?

And through all this BS, you have not even denied that 51% of the American households are not paying any income tax and we are sending out 80,000,000 checks every month. HMMMM! I wonder why not.

 

See red, learn.