Ben Stein agrees with Buffet - raise taxes on the rich

Quote from dddooo:

Nice chart, after the Jonhson administration which enacted the Great Society programs the biggest spikes happened in 1974-1976 (Ford), 1981-1986 (Reagan) and 2001-2006 (you know who), the only time it consistently went down was in 1991-2000.

So, anyway, how much spending is enough?


Federal per capita expenditure is $68,000 in where else, but the District of Columbia and $5500 in nevada.
http://money.cnn.com/pf/features/lists/state_expend/percapita.html
 
Quote from FightTheFuture:

So, anyway, how much spending is enough?
As much as necessary to pay for all government expenditures. If you have some government programs in mind that you think need to be eliminated and if you believe americans will agree that these programs are no longer needed - I am all ears. Talking about spending is meaningless without talking about specific programs that americans no longer want to pay for.
 
Monday, Nov. 27, 2006 5:22 p.m. EST


Democrats Want to Keep Pork


House Speaker-to-be Nancy Pelosi and other Democratic candidates have complained loudly about "special interest earmarks” in Congress – pork barrel spending projects inserted into bills, often anonymously.


But now that the Democrats have won control of Congress, it appears doubtful that lawmakers will seriously clamp down on the practice, according to a report in the New York Times.


Sen. Daniel Inouye of Hawaii is set to chair the Senate defense appropriations subcommittee, which presides over the largest single source of discretionary spending and earmarks. He said recently: "I don’t see any monumental changes” regarding earmarks.


"If something is wrong we should clean house, but if they can explain it and justify it, I will look at it.”


Another Democratic Senator, Patty Murray of Washington – who will be chairwoman of the transportation subcommittee – said: "I tell my colleagues, if we start cutting funding for individual projects, your project may be next.”


Last year, Murray defended the allocation of more than $200 million for the so-called "bridge to nowhere” in Alaska, warning those who might vote against the outlay that her subcommittee would take "a long, serious look at their projects.”


Over the past 12 years, the number of earmarks tripled to 16,000 accounting for $64 billion a year in spending, figures cited by the Times reveal.


Democratic Congressional leaders have vowed to require the sponsors of earmarks to identify themselves. But critics say that may not do much to rein in earmarks. Rep. Jeff Flake, an Arizona Republican, said both Democrats and Republicans have shown that "there is no longer any embarrassment” in sponsoring an obvious piece of pork barrel legislation.


"Like their Republican counterparts, many Democratic appropriators consider earmarks a venerable tradition dating to the Constitution, which gives Congress the power of the purse,” the Times reports.



Among the Democrats who will control important committees and subcommittees – with increased power to bring home the bacon:


Robert Byrd of West Virginia, who will chair the Senate Appropriations Committee, "may be the foremost master of the art,” according to the Times. Among other projects, Byrd has succeeded in getting three major Coast Guard facilities placed in his landlocked state.


David Obey of Wisconsin, who will chair the House Appropriations Committee, got his district $6 million to develop an airless tire and $8 million to research plastic food containers for the military.


Rep. Alan Mollohan of West Virginia is expected to become chairman of the Science, State, Justice and Commerce Committee. In April 2006, he resigned as the top Democrat on the House Ethics Committee after questions were raised about his earmarks to nonprofit organizations he founded and to a real estate partner.
Newsmax

_____________________________________________-

Funny how this comes out right after the election.
 
EVERY tax payer got a cut from Bush. Bit, 38% of wage earners in the U.S. pay ZERO income tax. In America if you have two children you're exempt up to $30,000 a year. Taxable income in the U.S. of over 300k is in the 35% bracket. That's JUST federal income tax. That doesn't include social security/medicare tax and state income taxes. Not to mention property taxes. Only a COMMUNIST would suggest a bigger burden on wage earners.
Quote from Bitstream:

since when taxes for the 175k-200k or whatever brackets have received a cut anyway...innit those filthy rich earning milions of dollars[or maybe 10s of millions if not 100s] a yr that got the blessin' from bush?
 
Quote from Doubter:

Democrats Want to Keep Pork
...
Funny how this comes out right after the election.
So what exactly are you suggesting, why did not you suggest it a year ago and what does this garbage you posted have to do with this thread?
 
Quote from Pa(b)st Prime:

EVERY tax payer got a cut from Bush. Bit, 38% of wage earners in the U.S. pay ZERO income tax. In America if you have two children you're exempt up to $30,000 a year. Taxable income in the U.S. of over 300k is in the 35% bracket. That's JUST federal income tax. That doesn't include social security/medicare tax and state income taxes. Not to mention property taxes. Only a COMMUNIST would suggest a bigger burden on wage earners.

yeah agreed on that. but he gave a even larger cut on the billionaires or is it not? of course those who earn between 100k to 300k should get a cut and be permanent as far as i see it.
 
Quote from Bitstream:

yeah agreed on that. but he gave a even larger cut on the billionaires or is it not? of course those who earn between 100k to 300k should get a cut and be permanent as far as i see it.

Quote from Maverick74:

Let's put tax cuts in terms everyone can understand. Suppose that everyday 10 men go to PJ's for dinner, The bill for all ten comes to $100. If it was paid the way we pay our taxes, the first four men would pay nothing; the fifth would pay $1; the sixth would pay $3; the seventh $7; the eighth $12; the ninth $18. The tenth man (the richest) would pay $59.

The 10 men ate dinner in the restaurant every day and seemed quite happy with the arrangement until the owner threw them a curve. Since you are all such good customers, he said, I'm going to reduce the cost of your daily meal by $20. Now dinner for the 10 only costs $80.

The first four are unaffected. They still eat for free. Can you figure out how to divvy up the $20 savings among the remaining six so that everyone gets his fair share? The men realize that $20 divided by 6 is $3.33, but if they subtract that from everybody's share, then the fifth man and the sixth man would end up being paid to eat their meal. The restaurant owner suggested that it would be fair to reduce each man's bill by roughly the same amount and he proceeded to work out the amounts each should pay.

And so the fifth man paid nothing, the sixth pitched in $2, the seventh paid $5, the eighth paid $9, the ninth paid $12, leaving the tenth man with a bill of $52 instead of $59. Outside the restaurant, the men began to compare their savings.

"I only got a dollar out the $20," declared the sixth man pointing to the tenth, "and he got $7!" "Yeah, that's right," exclaimed the fifth man. I only saved a dollar, too. It's unfair that he got seven times more than me! "That's true," shouted the seventh man. "Why should he get $7 back when I got only $2? The wealthy get all the breaks." "Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor."

The nine men surrounded the tenth and beat him up. The next night he didn't show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they discovered something important. They were $52 short!

And that, boys and girls, and college instructors, is how the US's tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up at the table anymore. There are lots of good restaurants in Switzerland and the Caribbean.
 
Quote from dddooo:

As much as necessary to pay for all government expenditures. If you have some government programs in mind that you think need to be eliminated and if you believe americans will agree that these programs are no longer needed - I am all ears. Talking about spending is meaningless without talking about specific programs that americans no longer want to pay for.

I personally don't want SS, medicare-aid, etc. Why couldn't I have opted out when I started working and do my own saving and investing? You know, be responsible. I'm disabled, but I refuse to file a claim for SS disability.

Since most of the tax revenue comes from the upper class, which make up a minority of the population, why would the middle and lower class Americans say no to all the gov programs?
 
Quote from Pa(b)st Prime:


understand u and mav's point but u gotta put it into perspective. i mean, i am all in for a permanent cut for the middle class, hell i am all in even for a cut to those who earn more than 1mln a yr. afterall i voted berlusca for this very reason.:D but those who earn 100s of millions or billiions of dollars are freakin' filthy rich, take away some of it they are still gonna enjoy their luxury lifestlye no matter what. in the end a higher tax is not gonna affect them one bit other than piss em off that they cant beat their rivals to the last million. tax the middle class and they are gonna suffer hard no matter how small the tax itself. those that should benefit the greatest from tux cuts should be the freakin' middle class not the pigs...or are u happy exxon ceo gets a bonus at your expenses.
 
Quote from Pa(b)st Prime:
Tax them too much, attack them for being wealthy, and they just may not show up at the table anymore. There are lots of good restaurants in Switzerland and the Caribbean.
I don't know about the Caribbean but

Switzerland's top cantonal income tax rate is 35.5 percent. (Switzerland taxes its citizens at the federal and cantonal levels. Taxation at the cantonal level is a greater burden on the average citizen than taxation at the federal level; therefore, Switzerland's top income and corporate tax rates are based on the highest cantonal tax rate.)
http://www.heritage.org/research/features/index/country.cfm?id=Switzerland

As you can see their tax rate is as high as ours and that is despite the fact that Switzerland does not have to pay for the huge military we are paying, for aggressive foreign policy, for troops all over the world, for the UN, for AIDs in Africa etc.

I am afraid there is no free lunch in Switzerland restaurants either.
 
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