Why raise taxes on the rich...
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menthol

West Salem, OH

#44 Nov 17, 2012
And the American Worker stilled got screwed by the party who is is for the working man fact

“Obama=Epic Failure”

Since: May 08

Erie, Pa

#45 Nov 17, 2012
Frank wrote:
<quoted text>
Taxing the rich, how many days does that fund the gov?
You really don't know do you?
Keep ranting and not answering.
A week maybe. Taxing the rich, without significant spending cuts doesn't mean a damn thing.
Nasty

Erie, PA

#46 Nov 18, 2012
gforce wrote:
<quoted text> A week maybe. Taxing the rich, without significant spending cuts doesn't mean a damn thing.
According to the stats from the U.S. Treasury Department, taxing the rich as proposed will be enough to run the the national government eight days. Then what ?
The Green Goblin

Erie, PA

#47 Nov 18, 2012
Nasty wrote:
<quoted text>
According to the stats from the U.S. Treasury Department, taxing the rich as proposed will be enough to run the the national government eight days. Then what ?
When we take more taxes from the rich they can take the lesson from a SUCCESSFUL CEO, the one at Hostess. When we take more taxes, get your salary raised 300%. Then when we take more because you made more, get it raised another 300% ad infinitum.

That would solve the problem because while lowering workers wages is the cause of hurting businesses, a CEO's increased pay has nothing to do with that. Correct?
Yingluck Shinawatra

Dallas, TX

#48 Nov 18, 2012
If my income is 5 million dollars a year and my tax rate is 50% I still pocket 2.5 million dollars and I'll be quite fine.. If I make $25,000 and get taxes 50% I'm in the street.
Nasty

Erie, PA

#49 Nov 19, 2012
The Green Goblin wrote:
<quoted text>
When we take more taxes from the rich they can take the lesson from a SUCCESSFUL CEO, the one at Hostess. When we take more taxes, get your salary raised 300%. Then when we take more because you made more, get it raised another 300% ad infinitum.
That would solve the problem because while lowering workers wages is the cause of hurting businesses, a CEO's increased pay has nothing to do with that. Correct?
Let's go with your premise then. Let's keep taxing the rich "ad infinitum ". How much have you seen of what's been taxed to date actually gone into the pockets of the poor ? Do you really beleive the poor and even the average "liitle guy" are going to see a check in their mailbox with their name on it to cash at a bank all because of the increased taxing of the rich and that huge plethora of CEO types ? And if your answer is these extra taxes will instead fund more give aways like food stamps, schools, and other already established government programs, a strong argument can be made that these programs do not lead to the recipients making themselves self sufficient and growing contributors. Rather, these programs lead to the growth of more people simply waiting for their next handout to arrive. The growing numbers of these people attests to the fact that it's a lot easier to receive than to produce.
If it's so preferred that more and more people receive from fewer and fewer providers then is there any ratio where even you would say enough ? Many say now that it's very close to 50 -50 between producers and takers. If that's acceptable then what about 40 - 60 or 30 - 70 ? How about 10 - 90, no problem with that if we can legislate taxing the wealthy " ad infinitum " ? I guess that's the new formula and demand to keep America great. Be careful what you hope for.
The Green Goblin

Erie, PA

#50 Nov 19, 2012
Nasty wrote:
<quoted text>
Let's go with your premise then. Let's keep taxing the rich "ad infinitum ". How much have you seen of what's been taxed to date actually gone into the pockets of the poor ? Do you really beleive the poor and even the average "liitle guy" are going to see a check in their mailbox with their name on it to cash at a bank all because of the increased taxing of the rich and that huge plethora of CEO types ? And if your answer is these extra taxes will instead fund more give aways like food stamps, schools, and other already established government programs, a strong argument can be made that these programs do not lead to the recipients making themselves self sufficient and growing contributors. Rather, these programs lead to the growth of more people simply waiting for their next handout to arrive. The growing numbers of these people attests to the fact that it's a lot easier to receive than to produce.
If it's so preferred that more and more people receive from fewer and fewer providers then is there any ratio where even you would say enough ? Many say now that it's very close to 50 -50 between producers and takers. If that's acceptable then what about 40 - 60 or 30 - 70 ? How about 10 - 90, no problem with that if we can legislate taxing the wealthy " ad infinitum " ? I guess that's the new formula and demand to keep America great. Be careful what you hope for.
I appreciate the decency in the tone of your response "Nasty" ;)
This is an interesting subject but it's easy to play who can one-up who. I'll try not to do that in my response to you.

I'd say my premise was actually a play on the Hostess company's idea that worker wages affected the bottom line yet raising the CEO's salary didn't. My joke was to take them at their word but to an illogical extreme...keep increasing the CEO's pay and he could an infinite amount of taxes with no loss. Point is, it's absurd to act as if a 200% increase in CEO pay should be ignored as if not affecting the bottom line.

You make some points I agree with. I think benefits in ways deter self-sufficiency. If we could employ everyone at living wages we'd know exactly how many people want to milk the system instead. This economy as a whole is almost the opposite of that. In many areas even if you'd love to find a living wage job you can't unless you stand head and shoulders above all. Hiring for such jobs is virtually non-existent for the average worker.

And while the average little guy may not see a check in his mailbox, just continuing food assistance--as opposed to canceling it under austerity measures--might be the difference between surviving and deciding to give up and be destitute.(Perhaps that's why a lot of people get food assistance but they aren't on full blown welfare.)

But to say recipients cheat so let's drop programs is like saying some business owners don't pay all the taxes they should so let's drop all help to all businesses.

Finally, taxing the wealthy may only pay for 8 days of government or whatever but we didn't get in this mess in 1 year so it will take as long as it takes to get us where we need to be. More revenue simply makes it sooner.

And for complainers, it's fine to complain. I just hope you never push the narrative that you never tell your kids or anyone else never to give up on what you want. Tell them it's so much easier to blame someone else. Especially the down and out who don't have much fight in them anyhow.
eastside louie

Erie, PA

#51 Nov 19, 2012
Nasty wrote:
<quoted text>
According to the stats from the U.S. Treasury Department, taxing the rich as proposed will be enough to run the the national government eight days. Then what ?
Repeat the "big lie" and the people might just start believing it.
Nasty

Erie, PA

#52 Nov 19, 2012
eastside louie wrote:
<quoted text>Repeat the "big lie" and the people might just start believing it.
Check the stats.
concerned citizen

Erie, PA

#53 Nov 20, 2012
Erie Topix
Ignorance on parade.....It is not what you do not know that is the problem , it is that you do not even suspect you have a fundamental problem.
American is being flushed down the toilet by the Socialist Democrats & you cannot even see this is happening.
james dean

United States

#54 Nov 20, 2012
concerned citizen wrote:
Erie Topix
Ignorance on parade.....It is not what you do not know that is the problem , it is that you do not even suspect you have a fundamental problem.
American is being flushed down the toilet by the Socialist Democrats & you cannot even see this is happening.
let's play "chicken". I'm going to floor it straight at the "fiscal cliff" and we'll see who jumps out first.

OBAMA WAAAAAAAAHHHHN!
eastside louie

Erie, PA

#55 Nov 20, 2012
Nasty wrote:
<quoted text>
Check the stats.
provide the link.
Wren

Erie, PA

#57 Nov 20, 2012
eastside louie wrote:
<quoted text>provide the link.
AHHH go look on Obamas website. He is saying this will only add 300 billion a year in revenue. How do you not know that? We are 16 trillion in debt. We are talking about a drop in the bucket.

Louie how much do you think this would add...trillions? WOW...the left really doesnt have a clue.

If you took ALL THE ASSETS from every US billionaire (everything, cars, cash, stock, homes) it would only pay for 6 months of the countrys spending.

The USA does not have a tax problem, we have a spending problem.
Ben Gazzi

United States

#58 Nov 20, 2012
Wren wrote:
<quoted text>
AHHH go look on Obamas website. He is saying this will only add 300 billion a year in revenue. How do you not know that? We are 16 trillion in debt. We are talking about a drop in the bucket.
Louie how much do you think this would add...trillions? WOW...the left really doesnt have a clue.
If you took ALL THE ASSETS from every US billionaire (everything, cars, cash, stock, homes) it would only pay for 6 months of the countrys spending.
The USA does not have a tax problem, we have a spending problem.
we are in a recession. You don't get out of it by austerity, you get out of it by getting money flowing in the economy. What it really comes down to is the international 1% sucking the money out of everyones economy except chinas. Try it here and watch what happens. In Poland and Spain they surrounded the legilatures, ready to drag them out by their necks. As in putting in a real representative government, not a bunch of banker owned puppets.
Wren

Erie, PA

#59 Nov 20, 2012
If this taxing thing works so well what happened to Europe?

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