It sounds like obama is trying to raise taxes to offset the governments high rate of waste in spending. Should we raise taxes in a recession and slow economic growth even further?
should we raise taxes to offset high government spending?
07/12/2011
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As the adage goes, you must spend money to make money.
It all depends on from where the money comes--and on what it's being spent.
It all depends on from where the money comes--and on what it's being spent.
07/12/2011
You make it seem like just one thing will occur and the rest left on the back burner. I can easily see the government (Yes, government - Obama is not the first or final say since it doesn't work like that) looking at the budget with a fine tooth comb and rebalancing, cutting and deciding what needs to be done before the unpopular (but growing to be necessary) tax raise option might have to be done.
07/12/2011
Quote:
Agreed.. some of the stuff they're spending money on is rediculous tho!
Originally posted by
DeliciousSurprise
As the adage goes, you must spend money to make money.
It all depends on from where the money comes--and on what it's being spent.
It all depends on from where the money comes--and on what it's being spent.
07/12/2011
While I can't speak for the American economy, we're doing something like that over here. Sadly, it's not working. Indeed, economists predict it's even setting us back two years.
07/13/2011
I hope that if they do raise taxes, it's for the things that matter, like education, science, and medicine.
07/13/2011
Quote:
Over 40 percent of Americans pay no income tax. For them, having the rest of us pay higher taxes sounds like a good idea. Judging the European economy, that will only lead to a vicious cycle of taxing and spending that only leads to bankruptcy - which we're almost at anyway. So really, what's the point? With a 14+ trillion dollar debt, we need to cut spending, not raise taxes.
Originally posted by
married with children
It sounds like obama is trying to raise taxes to offset the governments high rate of waste in spending. Should we raise taxes in a recession and slow economic growth even further?
07/13/2011
Raising taxes is great in theory, but in practice it's nearly impossible politically to raise taxes for the rich who are presently paying incredibly low taxes.
Mostly it ends up being tax hikes for the poor and the lower middle class.
Mostly it ends up being tax hikes for the poor and the lower middle class.
07/13/2011
The "tax increases" desired by the Dem's are actually closing the loopholes on Capital Gains tax (tax the heck out of that, I say. 35% at least).
The problems with taxes aren't actually increasing taxes, just adding or removing deduction allowances.
The problems with taxes aren't actually increasing taxes, just adding or removing deduction allowances.
07/13/2011
Both!!! we need to raise taxes and cut spending in the appropriate areas. Taxes on the rich should be raised and we need to get out of these wars.
07/13/2011
I'd be willing to pay a little more myself, but don't punish the poorer folks and middle class as much as the rich who have more money than they know what to do with. And bring our troops home! Haven't we spent enough in the last decade on fighting terrorism?
07/13/2011
Scallops
"Taxes on the rich should be raised..." - Avant-garde
"Raising taxes is great in theory, but in practice it's nearly impossible politically to raise taxes for the rich who are presently paying incredibly low taxes" -Eucaly
(sorry, don't know how to do the quote thing)
Comments like these trouble me. The democrats engage in class warfare - basically convincing people that others who are successful should be taxed to death to make it fair. As it stands, the top 5% of wage earners pay about 58% of all taxes. I don't see that as them having incredibly low taxes. as a comparison, the bottom 50% of wage earners pay about 2.7% of all taxes. and these evil rich people with all their money that they don't know what to do with are the ones who can afford to start up businesses which hire and generate economic growth and yes, even more tax revenue than if the government takes it all before they can use it.
Furthermore, when Obama was asked in the presidential debate (linked here) if he would raise the capitol gains tax even though it's been shown time and time again that doing so REDUCES the amount of revenue the government brings in, he still defended raising taxes, which would REDUCE revenue, simply for "fairness" aka punish the rich aka playing to the class warfare crowd.
so in short, no. the government has WAY too much wasteful spending, and already brings in unholy amounts of money. it does not need to tax us more. it needs to operate as normal people and state governments do - which is on a budget.
"Raising taxes is great in theory, but in practice it's nearly impossible politically to raise taxes for the rich who are presently paying incredibly low taxes" -Eucaly
(sorry, don't know how to do the quote thing)
Comments like these trouble me. The democrats engage in class warfare - basically convincing people that others who are successful should be taxed to death to make it fair. As it stands, the top 5% of wage earners pay about 58% of all taxes. I don't see that as them having incredibly low taxes. as a comparison, the bottom 50% of wage earners pay about 2.7% of all taxes. and these evil rich people with all their money that they don't know what to do with are the ones who can afford to start up businesses which hire and generate economic growth and yes, even more tax revenue than if the government takes it all before they can use it.
Furthermore, when Obama was asked in the presidential debate (linked here) if he would raise the capitol gains tax even though it's been shown time and time again that doing so REDUCES the amount of revenue the government brings in, he still defended raising taxes, which would REDUCE revenue, simply for "fairness" aka punish the rich aka playing to the class warfare crowd.
so in short, no. the government has WAY too much wasteful spending, and already brings in unholy amounts of money. it does not need to tax us more. it needs to operate as normal people and state governments do - which is on a budget.
07/13/2011
Quote:
Tax the Rich. The rich pay less taxes than they did during the Reagan Administration. They won't be the least bit hurt by paying a bit more. The "Big" companies aren't hiring now, anyway, so tax them at a rate you'd tax them if they were an individual (since they persuaded the Supreme Court to consider them "individuals" they can pay taxes like one.)
Originally posted by
married with children
It sounds like obama is trying to raise taxes to offset the governments high rate of waste in spending. Should we raise taxes in a recession and slow economic growth even further?
Eliminate ANY tax dodges that anyone making $60,000 a year can't get.
There's no proof that raising taxes on the RICH will slow anything. Reagan taxed the rich (The Bushes relieved them of this responsibility) and it didn't slow the economy at ALL? Did it?
07/13/2011
Quote:
AGREED! These wars are draining all of us. They serve no purpose (except to make companies like Halliburton richer) and aside from killing thousands, they are draining the country of resources.
Originally posted by
PassionQT
I'd be willing to pay a little more myself, but don't punish the poorer folks and middle class as much as the rich who have more money than they know what to do with. And bring our troops home! Haven't we spent enough in the last decade
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more
I'd be willing to pay a little more myself, but don't punish the poorer folks and middle class as much as the rich who have more money than they know what to do with. And bring our troops home! Haven't we spent enough in the last decade on fighting terrorism?
less
07/13/2011
Quote:
The Rich declared "Class Warfare" by getting special privileges by law and getting their taxes lowered.
Originally posted by
Scallops
"Taxes on the rich should be raised..." - Avant-garde
"Raising taxes is great in theory, but in practice it's nearly impossible politically to raise taxes for the rich who are presently paying incredibly low taxes" ... more
"Raising taxes is great in theory, but in practice it's nearly impossible politically to raise taxes for the rich who are presently paying incredibly low taxes" ... more
"Taxes on the rich should be raised..." - Avant-garde
"Raising taxes is great in theory, but in practice it's nearly impossible politically to raise taxes for the rich who are presently paying incredibly low taxes" -Eucaly
(sorry, don't know how to do the quote thing)
Comments like these trouble me. The democrats engage in class warfare - basically convincing people that others who are successful should be taxed to death to make it fair. As it stands, the top 5% of wage earners pay about 58% of all taxes. I don't see that as them having incredibly low taxes. as a comparison, the bottom 50% of wage earners pay about 2.7% of all taxes. and these evil rich people with all their money that they don't know what to do with are the ones who can afford to start up businesses which hire and generate economic growth and yes, even more tax revenue than if the government takes it all before they can use it.
Furthermore, when Obama was asked in the presidential debate (linked here) if he would raise the capitol gains tax even though it's been shown time and time again that doing so REDUCES the amount of revenue the government brings in, he still defended raising taxes, which would REDUCE revenue, simply for "fairness" aka punish the rich aka playing to the class warfare crowd.
so in short, no. the government has WAY too much wasteful spending, and already brings in unholy amounts of money. it does not need to tax us more. it needs to operate as normal people and state governments do - which is on a budget. less
"Raising taxes is great in theory, but in practice it's nearly impossible politically to raise taxes for the rich who are presently paying incredibly low taxes" -Eucaly
(sorry, don't know how to do the quote thing)
Comments like these trouble me. The democrats engage in class warfare - basically convincing people that others who are successful should be taxed to death to make it fair. As it stands, the top 5% of wage earners pay about 58% of all taxes. I don't see that as them having incredibly low taxes. as a comparison, the bottom 50% of wage earners pay about 2.7% of all taxes. and these evil rich people with all their money that they don't know what to do with are the ones who can afford to start up businesses which hire and generate economic growth and yes, even more tax revenue than if the government takes it all before they can use it.
Furthermore, when Obama was asked in the presidential debate (linked here) if he would raise the capitol gains tax even though it's been shown time and time again that doing so REDUCES the amount of revenue the government brings in, he still defended raising taxes, which would REDUCE revenue, simply for "fairness" aka punish the rich aka playing to the class warfare crowd.
so in short, no. the government has WAY too much wasteful spending, and already brings in unholy amounts of money. it does not need to tax us more. it needs to operate as normal people and state governments do - which is on a budget. less
Three percent of the people in this country control approximately 90%+ of the wealth in this country. How can anyone feel these people can't afford to pay more taxes?
07/13/2011
I'm not so much advocating taxing individual people so much as Corporations. Now that the "Supreme" Court has ruled Corps can be considered individuals in certain cases, this may change too.
For those who don't know, Capital Gains are basically sources of income from investments and the like when the person doesn't really work to get the money. When you think of really rich people (100k+/year) who do nothing and lounge around all day, this is usually where they get the money.
I think the big banks who took a LOT of money from the government should be taxed the same (or more) than regular people.
For those who don't know, Capital Gains are basically sources of income from investments and the like when the person doesn't really work to get the money. When you think of really rich people (100k+/year) who do nothing and lounge around all day, this is usually where they get the money.
I think the big banks who took a LOT of money from the government should be taxed the same (or more) than regular people.
07/13/2011
Scallops
Quote:
The problem with taxing corporations is you're taxing the consumers who use those corporations. In order to stay in business, companies must make a profit and maintain a certain profit margin. If their taxes are raised, then their cost goes up, and in order to maintain their profit margin to stay in business, the price of their goods must go up, thus the taxes again fall to the consumer.
Originally posted by
El-Jaro
I'm not so much advocating taxing individual people so much as Corporations. Now that the "Supreme" Court has ruled Corps can be considered individuals in certain cases, this may change too.
For those who don't know, Capital ... more
For those who don't know, Capital ... more
I'm not so much advocating taxing individual people so much as Corporations. Now that the "Supreme" Court has ruled Corps can be considered individuals in certain cases, this may change too.
For those who don't know, Capital Gains are basically sources of income from investments and the like when the person doesn't really work to get the money. When you think of really rich people (100k+/year) who do nothing and lounge around all day, this is usually where they get the money.
I think the big banks who took a LOT of money from the government should be taxed the same (or more) than regular people. less
For those who don't know, Capital Gains are basically sources of income from investments and the like when the person doesn't really work to get the money. When you think of really rich people (100k+/year) who do nothing and lounge around all day, this is usually where they get the money.
I think the big banks who took a LOT of money from the government should be taxed the same (or more) than regular people. less
P'gell, first off i'm not sure where you got your figures, but as for controlling the wealth, that's not all income. A lot of the wealth that is controlled is things like houses and assets that they own, not income. so things accumulated, such as a house or perhaps even business assets (someone has to own these corporations that generate 300k jobs). and taxing the hell out of them isn't always a good idea. they are not bulletproof and big companies go under all the time, especially recently. in a down economy, taking more money out of the economy and into the hands of a wasteful government is a bad idea.
07/13/2011
If a Corp can afford a lobbyist, they should be able to pay more taxes.
07/13/2011
Quote:
I can't agree that "It hurts everyone when the rich have to pay taxes."
Originally posted by
Scallops
The problem with taxing corporations is you're taxing the consumers who use those corporations. In order to stay in business, companies must make a profit and maintain a certain profit margin. If their taxes are raised, then their cost goes up,
...
more
The problem with taxing corporations is you're taxing the consumers who use those corporations. In order to stay in business, companies must make a profit and maintain a certain profit margin. If their taxes are raised, then their cost goes up, and in order to maintain their profit margin to stay in business, the price of their goods must go up, thus the taxes again fall to the consumer.
P'gell, first off i'm not sure where you got your figures, but as for controlling the wealth, that's not all income. A lot of the wealth that is controlled is things like houses and assets that they own, not income. so things accumulated, such as a house or perhaps even business assets (someone has to own these corporations that generate 300k jobs). and taxing the hell out of them isn't always a good idea. they are not bulletproof and big companies go under all the time, especially recently. in a down economy, taking more money out of the economy and into the hands of a wasteful government is a bad idea. less
P'gell, first off i'm not sure where you got your figures, but as for controlling the wealth, that's not all income. A lot of the wealth that is controlled is things like houses and assets that they own, not income. so things accumulated, such as a house or perhaps even business assets (someone has to own these corporations that generate 300k jobs). and taxing the hell out of them isn't always a good idea. they are not bulletproof and big companies go under all the time, especially recently. in a down economy, taking more money out of the economy and into the hands of a wasteful government is a bad idea. less
Do you know how much taxes GE paid last year? NOTHING. Not a penny.
Guess how much they made? Over $14 billion dollars in global profits with over $5 billion coming from the United States.
THAT is a problem. It won't hurt them to pay SOME taxes.
And yes, the very rich (say 500,000 a year and up) can and should pay taxes on "assets." They have more stuff than anybody else. Add that to what JR said about Capital Gains Tax (money rich people get for doing NO work) and they could easily get us out of the Depression that THEY started in the first place (seeing as most of the uber rich voted for Bush, I have to put blame where it belongs....)
I have to watch every penny every day, I pay more taxes than GE. And GE hired very little last year.
That's fair? Big companies wanted to be considered individuals. They should have to pay taxes like individuals.
And companies should pay taxes according to WHERE they do most of their business. No more stetting up an abandoned office in South Dakota where the taxes are rock bottom low, when most of their business is being done in New York, LA, Chicago, Atlanta etc.
End states being able to tax business according to different rates. All businesses pay the same tax, no matter where they are located. And if they (say) they leave the country, increase the export tax on their goods and services. They should be paying taxes to the country who gives them the most business, then related taxes to other countries they deal with.
I don't understand you POV, unless you yourself are uber-rich. I guess I could understand it, then, human need being what it is, wanting more than others have. But, if you are not rich, why stick up for the robber barons? I don't understand.
Just bring the tax law back to how they were...say in the Reagan years. How about that? Businesses did fine, there were jobs, and no rich person went hungry. Did they?
07/13/2011
Quote:
Yep. Or eliminate the Lobbies and the PACs and SuperPacs completely.
Originally posted by
El-Jaro
If a Corp can afford a lobbyist, they should be able to pay more taxes.
07/13/2011
Quote:
I WISH!
Originally posted by
P'Gell
Yep. Or eliminate the Lobbies and the PACs and SuperPacs completely.
I like the idea behind a lobbyist, but I think they really detract more from what the Reps are supposed to be doing -- listening to their constituents.
07/13/2011
Quote:
If the lobbyist would actually work for the People, instead of big corporations, it would be OK. But, sadly, that's not what they're doing lately. They all seem to be....well, did you see the movie Thank You For Smoking ?
Originally posted by
El-Jaro
I WISH!
I like the idea behind a lobbyist, but I think they really detract more from what the Reps are supposed to be doing -- listening to their constituents.
I like the idea behind a lobbyist, but I think they really detract more from what the Reps are supposed to be doing -- listening to their constituents.
07/13/2011
Scallops
Quote:
I'm about the furthest from rich I can be. (student loans suck). However, right is right, and I don't begrudge someone for being successful. GE should have paid taxes, I'm with you on that. Government intervention = things get screwed up. government taking more of "rich" people's money in order to waste it on pet projects and other failed programs and still spend 1.5 what the government taxes is a deplorable. the government is the pinnacle of waste and abuse. why do you want to give them more money that other people earned? that's what I don't understand. governments don't "earn" money, they take money others have earned. when a government WASTES most of it on crap, and still overspends, why give them more? it's ridiculous. furthermore, you're not just hurting the rich evil bastards, you're hurting everyone who they employ (or would have employed) everyone who manufacturers everything they buy (many people lose their jobs making yachts if no one buys them anymore, and those are lower or middle class people who lose jobs, while the rich guy just doesn't get his yacht). also, taxing corporations taxes the people, not the corporations, and taxing people with assets just makes them sell off their assets like the house that family worked for 60 years to get, all because you think it's unfair that they have more than you do. human need being what it is, I can understand you wanting what other people have
Originally posted by
P'Gell
I can't agree that "It hurts everyone when the rich have to pay taxes."
Do you know how much taxes GE paid last year? NOTHING. Not a penny.
Guess how much they made? Over $14 billion dollars in global profits with over $5 ... more
Do you know how much taxes GE paid last year? NOTHING. Not a penny.
Guess how much they made? Over $14 billion dollars in global profits with over $5 ... more
I can't agree that "It hurts everyone when the rich have to pay taxes."
Do you know how much taxes GE paid last year? NOTHING. Not a penny.
Guess how much they made? Over $14 billion dollars in global profits with over $5 billion coming from the United States.
THAT is a problem. It won't hurt them to pay SOME taxes.
And yes, the very rich (say 500,000 a year and up) can and should pay taxes on "assets." They have more stuff than anybody else. Add that to what JR said about Capital Gains Tax (money rich people get for doing NO work) and they could easily get us out of the Depression that THEY started in the first place (seeing as most of the uber rich voted for Bush, I have to put blame where it belongs....)
I have to watch every penny every day, I pay more taxes than GE. And GE hired very little last year.
That's fair? Big companies wanted to be considered individuals. They should have to pay taxes like individuals.
And companies should pay taxes according to WHERE they do most of their business. No more stetting up an abandoned office in South Dakota where the taxes are rock bottom low, when most of their business is being done in New York, LA, Chicago, Atlanta etc.
End states being able to tax business according to different rates. All businesses pay the same tax, no matter where they are located. And if they (say) they leave the country, increase the export tax on their goods and services. They should be paying taxes to the country who gives them the most business, then related taxes to other countries they deal with.
I don't understand you POV, unless you yourself are uber-rich. I guess I could understand it, then, human need being what it is, wanting more than others have. But, if you are not rich, why stick up for the robber barons? I don't understand.
Just bring the tax law back to how they were...say in the Reagan years. How about that? Businesses did fine, there were jobs, and no rich person went hungry. Did they? less
Do you know how much taxes GE paid last year? NOTHING. Not a penny.
Guess how much they made? Over $14 billion dollars in global profits with over $5 billion coming from the United States.
THAT is a problem. It won't hurt them to pay SOME taxes.
And yes, the very rich (say 500,000 a year and up) can and should pay taxes on "assets." They have more stuff than anybody else. Add that to what JR said about Capital Gains Tax (money rich people get for doing NO work) and they could easily get us out of the Depression that THEY started in the first place (seeing as most of the uber rich voted for Bush, I have to put blame where it belongs....)
I have to watch every penny every day, I pay more taxes than GE. And GE hired very little last year.
That's fair? Big companies wanted to be considered individuals. They should have to pay taxes like individuals.
And companies should pay taxes according to WHERE they do most of their business. No more stetting up an abandoned office in South Dakota where the taxes are rock bottom low, when most of their business is being done in New York, LA, Chicago, Atlanta etc.
End states being able to tax business according to different rates. All businesses pay the same tax, no matter where they are located. And if they (say) they leave the country, increase the export tax on their goods and services. They should be paying taxes to the country who gives them the most business, then related taxes to other countries they deal with.
I don't understand you POV, unless you yourself are uber-rich. I guess I could understand it, then, human need being what it is, wanting more than others have. But, if you are not rich, why stick up for the robber barons? I don't understand.
Just bring the tax law back to how they were...say in the Reagan years. How about that? Businesses did fine, there were jobs, and no rich person went hungry. Did they? less
Also, taxing at different rates is only state taxes. federal taxes and state taxes are two different entities, and I for one don't want to centralize EVEN MORE power into a wasteful federal government. (the same one that's done so very well [sarcasm] with social security, medicare, medicaid, etc. etc. etc.)
07/13/2011
Quote:
We live in a society. We have to pay taxes to prevent the collapse of that society.
Originally posted by
Scallops
I'm about the furthest from rich I can be. (student loans suck). However, right is right, and I don't begrudge someone for being successful. GE should have paid taxes, I'm with you on that. Government intervention = things get screwed up.
...
more
I'm about the furthest from rich I can be. (student loans suck). However, right is right, and I don't begrudge someone for being successful. GE should have paid taxes, I'm with you on that. Government intervention = things get screwed up. government taking more of "rich" people's money in order to waste it on pet projects and other failed programs and still spend 1.5 what the government taxes is a deplorable. the government is the pinnacle of waste and abuse. why do you want to give them more money that other people earned? that's what I don't understand. governments don't "earn" money, they take money others have earned. when a government WASTES most of it on crap, and still overspends, why give them more? it's ridiculous. furthermore, you're not just hurting the rich evil bastards, you're hurting everyone who they employ (or would have employed) everyone who manufacturers everything they buy (many people lose their jobs making yachts if no one buys them anymore, and those are lower or middle class people who lose jobs, while the rich guy just doesn't get his yacht). also, taxing corporations taxes the people, not the corporations, and taxing people with assets just makes them sell off their assets like the house that family worked for 60 years to get, all because you think it's unfair that they have more than you do. human need being what it is, I can understand you wanting what other people have
Also, taxing at different rates is only state taxes. federal taxes and state taxes are two different entities, and I for one don't want to centralize EVEN MORE power into a wasteful federal government. (the same one that's done so very well [sarcasm] with social security, medicare, medicaid, etc. etc. etc.) less
Also, taxing at different rates is only state taxes. federal taxes and state taxes are two different entities, and I for one don't want to centralize EVEN MORE power into a wasteful federal government. (the same one that's done so very well [sarcasm] with social security, medicare, medicaid, etc. etc. etc.) less
I don't think ALL of the government IS wasteful. The wars are, simple solution, end the wars, NOW. Go through the budget line by line and see what works. It will be a lot of work and THE PEOPLE, including the Rich will have to HELP.
The more you have, the more you have to help. I think that's only fair. Neither you, nor I nor anyone else could or would want to live without a government. Believe me, I've been in intimate company of self styled Anarchists and Libertarians, (I've been out of college a LONG time.) as much as standard Dems and Repubs are far from Reality, these people are farther.
We need government, if for anything to protect us FROM big companies.
07/13/2011
Quote:
thank you! It is nice to see some common sense about taxes here.
Originally posted by
Scallops
"Taxes on the rich should be raised..." - Avant-garde
"Raising taxes is great in theory, but in practice it's nearly impossible politically to raise taxes for the rich who are presently paying incredibly low taxes" ... more
"Raising taxes is great in theory, but in practice it's nearly impossible politically to raise taxes for the rich who are presently paying incredibly low taxes" ... more
"Taxes on the rich should be raised..." - Avant-garde
"Raising taxes is great in theory, but in practice it's nearly impossible politically to raise taxes for the rich who are presently paying incredibly low taxes" -Eucaly
(sorry, don't know how to do the quote thing)
Comments like these trouble me. The democrats engage in class warfare - basically convincing people that others who are successful should be taxed to death to make it fair. As it stands, the top 5% of wage earners pay about 58% of all taxes. I don't see that as them having incredibly low taxes. as a comparison, the bottom 50% of wage earners pay about 2.7% of all taxes. and these evil rich people with all their money that they don't know what to do with are the ones who can afford to start up businesses which hire and generate economic growth and yes, even more tax revenue than if the government takes it all before they can use it.
Furthermore, when Obama was asked in the presidential debate (linked here) if he would raise the capitol gains tax even though it's been shown time and time again that doing so REDUCES the amount of revenue the government brings in, he still defended raising taxes, which would REDUCE revenue, simply for "fairness" aka punish the rich aka playing to the class warfare crowd.
so in short, no. the government has WAY too much wasteful spending, and already brings in unholy amounts of money. it does not need to tax us more. it needs to operate as normal people and state governments do - which is on a budget. less
"Raising taxes is great in theory, but in practice it's nearly impossible politically to raise taxes for the rich who are presently paying incredibly low taxes" -Eucaly
(sorry, don't know how to do the quote thing)
Comments like these trouble me. The democrats engage in class warfare - basically convincing people that others who are successful should be taxed to death to make it fair. As it stands, the top 5% of wage earners pay about 58% of all taxes. I don't see that as them having incredibly low taxes. as a comparison, the bottom 50% of wage earners pay about 2.7% of all taxes. and these evil rich people with all their money that they don't know what to do with are the ones who can afford to start up businesses which hire and generate economic growth and yes, even more tax revenue than if the government takes it all before they can use it.
Furthermore, when Obama was asked in the presidential debate (linked here) if he would raise the capitol gains tax even though it's been shown time and time again that doing so REDUCES the amount of revenue the government brings in, he still defended raising taxes, which would REDUCE revenue, simply for "fairness" aka punish the rich aka playing to the class warfare crowd.
so in short, no. the government has WAY too much wasteful spending, and already brings in unholy amounts of money. it does not need to tax us more. it needs to operate as normal people and state governments do - which is on a budget. less
The rice pay more then 58% of the taxes. They also do not pull any of the welfare, food stamps, low income housing, ect.. So when you hear people talking about how the rice need to pay their fair share of the taxes, it upsets me. They pay more then their fair share. Why do we pick on someone who has followed the American dream and made something of their self? They are the ones who start business for the rest of us to go to work at. They are the ones who invest in local communities. Why are we so willing to punish the ones who are creating jobs and wealth in this country? You have a job because of a wealthy business owner, not because of a government employee.
Taxes are unfair. The rich pay a larger % then the poor. You want to make it fair, then make the tax system charge a set % for everyone. Then you could get ride of the IRS, who does nothing but cost us billions of tax money.
07/13/2011
I feel like certain groups are currently favored in the tax code and that should be corrected. So, if that is what happens i am all for it. It is silly that an executive pays a smaller percent of his income than his admin assistant.
07/13/2011
make the rich pay more
07/13/2011
Should we pay more in taxes so the government can waste it? No, I don't think so. Should we expect to pay more taxes if we want better service? Yes. I am far from an economist, but I hear about countries that pay extremely high taxes compared to us, and they have universal health care, paid family leave, support for the elderly, mothers' helpers that help with housework after birth, free education, etc. We should be able to trust that the money we pay is working to better our national community.
07/13/2011
I think taxes should be increased slightly, but we need to decrease spending. People don't seem to realize just how much money we pour into the military that is completely unnecessary. We spend more money on the military than every country in the world combined, spend 27% of tax dollars on the military(the biggest user of tax dollars), and have spent 443.7 billion dollars on the Iraq war alone. Nobody is attacking us!! If we kept our noses out of other people's business, we wouldn't be so hated, and therefore wouldn't need to worry about defense.
07/13/2011
Scallops
Quote:
I'm not sure where you get your numbers, but (link here) federal spending is about 18.74% on military, and 19.63% on social security. so it's not the biggest user of tax dollars.
Originally posted by
ToyBoy
I think taxes should be increased slightly, but we need to decrease spending. People don't seem to realize just how much money we pour into the military that is completely unnecessary. We spend more money on the military than every country in the
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I think taxes should be increased slightly, but we need to decrease spending. People don't seem to realize just how much money we pour into the military that is completely unnecessary. We spend more money on the military than every country in the world combined, spend 27% of tax dollars on the military(the biggest user of tax dollars), and have spent 443.7 billion dollars on the Iraq war alone. Nobody is attacking us!! If we kept our noses out of other people's business, we wouldn't be so hated, and therefore wouldn't need to worry about defense.
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also, we spend $164 Billion, or 4.63% of our national budget JUST for interest on our debt. this interest payment is almost 4 times the budget for the department of education for reference. government wasteful spending is hurting our economy, and yet they want to draw more out of the pockets of the producers/consumers with higher taxes us in a down economy. seems like the worst idea possible.
What we need is budget cuts and to stop people from spending it on things that are useless, and believe me, there are too many of those to count. we can have a government that works within a budget, that's kind of the idea of a debt ceiling anyways, yet it always gets raised.
we as people have to live within a budget, state governments have to live within a budget, the federal government should also live within a budget. It should not go "whoops! we spent way too much of your money and went into MASSIVE amounts of debt, ummm... we could stop spending so damn much... nah, we're just going to tax you more, ok?"
07/13/2011
Total posts: 38
Unique posters: 22
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