Let's take ALL the money from the Rich, then what?

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Originally Posted by Bane

Not going to help what????

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Ask Calypso. She's the one who said they'e not going to help... :rollseyes:

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Originally Posted by bladimz

Well, it looks like some of you guys just can't get past the bizarre concept that i expect the expiration of tax-cuts for the wealthy to solve the deficit problem. It's funny; the only ones who even mention the stupid thought that a return to Clinton-era tax rates for the wealthy wouldn't solve the problem are the right-wingers. Who said it would? Who even implied that it would come close? That's not the point. Increased revenues are... revenues plus spending cuts is the way to go. Why does it have to be "starve the beast"? What the hell has austerity done for anyone lately.

You DO know that a return to the pre-Bush tax rates will bring in a revenue of 1 trillion dollars in tax revenue alone. That's not chump change and it's a big deal.

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I sure hope you're right. It looks like Obama is ready to return to the Clinton era rates and it doesn't like House Reopublicans are gonna stop him.

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Originally Posted by bladimz

I don't know exactly what spending cuts Obama has suggested, honestly.

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That is because other than cutting the Military he has not suggested any.

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Originally Posted by bladimz

Why is the conservative right so freakin' worried about the rich and their taxes? The rich obviously had no problem making a buck during the Clinton and Reagan administration, and there's no reason why they should have a problem now. Remember that the wealthy includes conservatives AND liberals. That might some happy that some of that tax revenue will be coming out of pockets of liberals.

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Why is the left so concerned about people who, as Cigar put it, make a "free-will choice" to not work? These deadbeats don't give a moments thought to people who work and have to support them. I've never been rich and never will be rich but I do know that higher taxes often result in higher costs. There's a liberal fantasy that higher taxes will eat into a rich person's vacation account. I also know that the 1% cannot support the 99% so rising taxes are not limited to "the rich". It won't be "the rich" paying for Obamacare and it won't be the politicians.

I realize one of the few themes the liberals can admit is the class war. Get over it. We're all in the sinking boat together.

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"free-will choice" to not work

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What liberals tend to forget is freedom is a responsibility and that free-will choices come with consequences. But if not working is met with welfare then there are no consequences and it's not a free-will choice. Still, consequences cannot be avoided, here, the loss of freedom to dependency.

when has this tax rate been this low in the country before?

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Originally Posted by truthmatters

when has this tax rate been this low in the country before?

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For most of its history. But, you avoid the question. When the liberals have taken all of the money from the rich people, where will they go then? When they've bankrupted the major industries and driven business out of business, where will they go then?

I wonder if Obama has ever thought about a long term solution.

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Originally Posted by bladimz

Why is the conservative right so freakin' worried about the rich and their taxes? The rich obviously had no problem making a buck during the Clinton and Reagan administration, and there's no reason why they should have a problem now. Remember that the wealthy includes conservatives AND liberals. That might some happy that some of that tax revenue will be coming out of pockets of liberals.

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Because Rush says so.

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Originally Posted by Captain Obvious

Because Rush says so.

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Maybe because tax revenue bears so little in relation to spending that the last few years spending has exceeded revenues by over ~$1.3T. This proposed tax increase will make at best $100B. But that assumes that the tax increase won't cause a recession and less tax revenue. Spending is the issue, not raising taxes.

Plus the push to tax the rich isn't about revenue anyway. Obama has said over and over that raising taxes in a bad economy is bad and can cause a recession. It is about driving a wedge between economic classes. Currently 47% pay no federal income taxes. What will election results look like once 55% don't pay federal income taxes?