go Barrack Obama

Quote from jamis359:

Anybody who supports McCain is a "please take money away from the lower and middle classes to the upper elite... and just naively and foolishly hope that the upper elite will so kind as to let some trickle down back to me" Corporate Elitist. And as the upper elite corrupts the government and help themselves to the treasury, you should be ashamed.


The Middle Class are long over due to whats coming to them; the chickens are coming home to roost. It's the middle class who foolishly wanted to live beyond their means, with the biggest house possible and the largest, least fuel-efficient SUV, which resulted in the subprime crisis and accompanying liar loans. They have a sense of entitlement which needs to be squashed. This Obama's proposal of giving free $1,000 checks to familes because the oil companies are an easy target is proof. The middle class never stops to consider that perhaps oil has been significantly under priced all these years. Not to mention the profit margins on big oil are rather reasonable. To the middle class I say no one is entitled to shit. They must work hard for it, and then, when its affordable, can reap what they sowed.
 
Quote from gnome:

Anybody who supports Obama is an "I don't want to work for mine.. please take something away from 'somebody who worked for theirs'...and give it to me -- Socialist".

You should be ashamed...

I once upon a time supported Obama, but I cannot anymore as this philosophy of Obama and his die-hard supporters becomes more apparent.
 
Quote from The Kin:

I once upon a time supported Obama, but I cannot anymore as this philosophy of Obama and his die-hard supporters becomes more apparent.

Welcome to the world of civil discourse. That's the best part of ET.
 
Quote from jamis359:

Anybody who supports McCain is a "please take money away from the lower and middle classes to the upper elite... and just naively and foolishly hope that the upper elite will so kind as to let some trickle down back to me" Corporate Elitist. And as the upper elite corrupts the government and help themselves to the treasury, you should be ashamed.

Your typical middle class person hardly pays anything in taxes under the current system. The "rich" already pay way more than their share.
 
Quote from Jayford:

Your typical middle class person hardly pays anything in taxes under the current system. The "rich" already pay way more than their share.

Speaking as someone who shielded my income through a corporation, you're absolutely wrong. One year I paid 19%, and I could have paid less if I had structured things differently.
 
Quote from bigdavediode:

Speaking as someone who shielded my income through a corporation, you're absolutely wrong. One year I paid 19%, and I could have paid less if I had structured things differently.

The following stats support what I meant when when I stated that the rich already pay more than their fair share. Certain individuals obviously find ways around paying. It is a major reason why the Laffer Curve exists (higher taxes often yield lower revenues, depending on the level of the starting rate.).

A) top 1% earns 19% of income and pays 37% of taxes. FACT.

B) Top 10% earns 44%, pays 68% of taxes paid. FACT.

C) Bottom 50%, earns only 13% of the income. BUT, pay only 3% of taxes. FACT.
 
Quote from Jayford:



A) top 1% earns 19% of income and pays 37% of taxes. FACT.

B) Top 10% earns 44%, pays 68% of taxes paid. FACT.

C) Bottom 50%, earns only 13% of the income. BUT, pay only 3% of taxes. FACT.

You really ought to site your sources for the numbers you're using, otherwise its just more bull shit.

I'm a little curious if the “income” stats you're using include all compensation people receive as payment for services rendered.
 
Quote from Jayford:

just what the energy market needs, incentive to produce less.

As a previous post already shows, Exxon paid 30 BILLION in taxes last year. more than the bottom 50% of the US combined!

retarded fucking idea, but his cap gains proposals are even worse. Wants to raise cap gains for political reasons, as he has even admitted that higher cap gains taxes reduce revenue. This is a fact BTW. Income dropped significantly when they were raised to 28% (from 20%), and rose significantly when lowered to 15%.

makes ZERO sense.

What I find even MORE bizarre about proposing a Windfall Profits Tax is the fact that XOM only produces 3% of the world's oil. How can they be a PRICE MAKER when they only produce 3% of the world's oil?

So we tax them for windfall profits?
Doesn't make an ounce of sense.
 
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