Let's solve the tax problem without Volcker

[endsongs]

Yes, the dem congress is partly to blame. However, congress follows the lead of the president. One of Clinton's goals was to lower the deficit/balance the budget. One of GWB's stated goals was to cut taxes. Both were done by Congress.

 

[Free Thinker]

Quote from Trader666:

Actually, we need to improve education so we don't have morons like you posting BS like this.

Despite the propaganda, some of these scum were insurgents and armed. The Reuters camera men embedded themselves with insurgents so tough for them.

http://mypetjawa.mu.nu/archives/201889.php

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2794444>

that was a war crime. you could call it an mistake in identity until they murdered the family in the van that stopped to help. at that point it became a war crime.

 

[Ivanovich]

Into the cesspool forum.

 

[fkbsuhites]

If the military budget is cut in 1/2, the national debt can be paid off in a less than 5 years.

Quote from Kicking:

Volcker has lost his mind with this idea of a VAT tax.
The VAT tax is really an evil tax that hits everyone including the poorest people, it taxes labor as well, hence it is also an income tax. The VAT tax should be abolished everywhere .

The way to solve the revenue problem is simply to tax people according to their profession. Entrepreneurs should benefit from much more progressive tax rates with a lower top marginal rate.

"Less productive" professions and professions in industries benefiting from monopolies or advantageous conditions granted by law or otherwise should be taxed according to less progressive marginal rates with higher top rates .

For example, let's tax CEO's of utilities and energy companies at a top rate of 65%, let's tax bankers at a top rate of 70%, let's tax government employees at a top rate of 60% and so on.

A wealth tax could also be introduced such as in France or Switzerland, this taxes the idle rich . A special tax on executive bonuses, options grants and golden parachutes wouldn't be a bad idea either .

And also let's tax polluters .

We would solve much of the revenue problem .

 

[endsongs]

Quote from Anaconda:

I'm sorry but WTF are you talking about?

And please don't bring up Clinton, he never balanced any budgets or anything of the sort. That's was just a PR trick.

http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm


The link is above. Clinton's last budget only ran a deficit of ~ 18B, which is essentially balanced. One of his other budgets only ran a deficit of ~ 100B. This includes all intra-governmentals. Bush's last two budgets, on the other hand added 1.04T and ~ 1.8T to the debt. Does anyone dispute these numbers?

 

[Scataphagos]

Quote from endsongs:

http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt.htm


The link is above. Clinton's last budget only ran a deficit of ~ 18B, which is essentially balanced. One of his other budgets only ran a deficit of ~ 100B. This includes all intra-governmentals. Bush's last two budgets, on the other hand added 1.04T and ~ 1.8T to the debt. Does anyone dispute these numbers?

Clinton (1) Raised taxes. Any farkin' moron can balance the budget if they raise taxes enough, and (2) Clinton's last year was the peak of the "dot.com" bubble and its accompanying bubble in tax revenues. Clinton deserves NO credit for "balanced budget"...

UP YOURS if you think otherwise!

Nobody's disputing the fact that "Bush ran up the deficit for his wars", but off the top of my head it seems you've exaggerated Bush's last 2 budget deficits by 100% or more.... Weren't they about $400B and $460B? CHICKEN FEED COMPARED TO OBAMA'S, RIGHT? We're talking $ 3 T-R--L-L-I-O-N in only 2 budgets. In the history of national debt, Obama has increased the average cumulative household's portion of the deficit by 30 FRICKIN' PERCENT IN ONLY 14 MONTHS!

Obama is by far, already the BIGGEST DEFICIT SPENDER IN AMERICAN HISTORY.. 14 months in office!

You gonna stipulate to that?

 

[Index piker]

Quote from zdreg:

bush and the republicans are to blame. Bush let paulson take control of the bailout with his socialist measures. the republicans nominated a clueless old man for their presidential nominee. Obama more so than hilliary clinton saw the handwriting on the wall. now the US has a president who says he believes in free enterprise while trying to nationalize the financial system.

"NEW ORLEANS – Former House Speaker Newt Gingrich is calling Barack Obama "the most radical president in American history."

http://news.yahoo.com/s/ap/20100409/ap_on_re_us/us_republicans_gingrich_1/print

Gingrich is a potential presidential candidate in 2012 who says his fellow Republicans must work together to stop what he calls Obama's "secular, socialist machine."

this is the price the US is paying for a failed republican leadership inc. bush.

Gingrich as a historian is wrong on this one and he knows it.


Of course that does not diminish the danger and damage 'the one" is and can do.

 

[Trader666]

Who the hell are you to think you can judge this from thousands of miles away, 3 years after the fact from the comfort of your computer? What was the enemy situation on the ground at the time? Intelligence? Recent activity? Disposition of friendly forces? Etc. You know NOTHING.

And they certainly didn't murder a family in a van that stopped to help. You don't know what you're talking about. Read the military's report, idiot, I gave you the link. Obviously you don't want to be confused with mere facts.

Quote from Free Thinker:

that was a war crime. you could call it an mistake in identity until they murdered the family in the van that stopped to help. at that point it became a war crime.

 

[Ricter]

Scat, you could be part of the solution if you were to do some productive work today.

OR SHOULD I HAVE PUT THAT IN ALL CAPS WITH SOME MAD FACES?

 

[Index piker]

I'm okay with a VAT tax if all income taxes, capital gains, dividend, sin , estate taxes are eliminated.

IOW: All federal tax revenue .