The Real Obama on Wealth Redistribution

Quote from gnome:

Correctamundo!

There never really is a free lunch, regardless of how good it feels at first.

Which hopefully is painfully obvious after bush decided to finance all of his gov spending. Someone is going to have to pay it sometime.
 
Quote from AAAintheBeltway:

Perhaps you could explain why a constitutional amendment was required to impose a federal income tax. Hint: the original Constitution prohibited progressive income taxation.

Little history lesson for you: the first income taxes in the Republic were imposed before the 16th amendment.

And no, before the 16th amendment the "original constitution" didn't prohibit progressive income taxation -- how could it? The first income tax was implemented in 1861 -- with varying rates depending on where a person lived -- the sixteenth amendment wasn't ratified until 1913.

Of course, we both know you knew that and were just trying to mislead people.

You're right -- I just made up all that stuff about the sixteenth amendment being ratified -- it's not like you could read and verify any of this stuff.

You know, like in a book.

If you don't mind my saying so, you seem to be getting a little testy. You and Biden both. I would think it would be high five time at Obama headquarters.

Biden's doing great -- he's kicking ass and taking names at these interviews and I want to see more of this (propaganda edits notwithstanding.)

On the other hand, I'm prickly by nature but I make up for it by being good looking.
 
Quote from AAAintheBeltway:

2. Are you really the kind of person who puts a few extra dollars over the interests of the country? Why not just let them buy your vote directly? Then at least you could maximize your return.

I agree with this -- if a citizen votes to spend $12 billion a month for years to "free" a country, and demands tax cuts at the same time and rationalizes with the obviously self-serving justification that "Oh they'll pay for themselves" while running up a world record breaking debt, then they should ask themselves what happened to the interests of the country.

If some asshole, in a time of debt, and a time of war, offers you and EVERYBODY a tax cut and tells you that taxes won't have to rise overall -- why not just let them buy your vote directly?
 
Quote from bigdavediode:

Little history lesson for you: the first income taxes in the Republic were imposed before the 16th amendment.

And no, before the 16th amendment the "original constitution" didn't prohibit progressive income taxation -- how could it? The first income tax was implemented in 1861 -- with varying rates depending on where a person lived -- the sixteenth amendment wasn't ratified until 1913.



You're right -- I just made up all that stuff about the sixteenth amendment being ratified -- it's not like you could read and verify any of this stuff.

You know, like in a book.



Biden's doing great -- he's kicking ass and taking names at these interviews and I want to see more of this (propaganda edits notwithstanding.)

On the other hand, I'm prickly by nature but I make up for it by being good looking.



After your comments on the tax system, you move on to Biden's press woes and imply that the editing was more or less to turn the piece into propaganda.

Maybe you should have thought of that when you wrote on taxes. The taxes that were levied before the 16 th amendment were unconstitutional. That's why they needed the amendment. It was the attempted re-imposition of the civil war taxes that caused the constitutional ruling.
 
Quote from fhl:

Maybe you should have thought of that when you wrote on taxes. The taxes that were levied before the 16 th amendment were unconstitutional. That's why they needed the amendment. It was the attempted re-imposition of the civil war taxes that caused the constitutional ruling.

LOL!

So in your mind the first income taxes were unconstitutional so just fifty years later they had to rush in a constitutional amendment! :)

Hilarious! You ever read a book?
 
I don't what hu-bub is all about...many people can make their AGI look like $249,999 through a variety of Keogh plans...Defined Benefit Plans...Profit Sharing Trusts...Money Purchase plans...etc..etc..
 
Quote from AAAintheBeltway:



1. You need to ask yourself if your long run interests would be better served by a socialist economy or a free market one. I would think for most real traders, the answer is obvious. For bigdave and the other Obama interns, maybe not so clear. They see themselves running the socialist machinery and deciding things like if your mother can have that life-saving operation or how many cars do you need.

It's intellectually dishonest to label Obama's policies are socialist, and those of McCains capitalism. It's between supply side economics and new keynesian economis. Both are economic doctrines dealing with Capitalism. Capitalism doesn't belong to you, just as much Jesus doesn't belong to you. AND Supply side failed (Remever Lawrence Lindsay), accept it retard


2. Are you really the kind of person who puts a few extra dollars over the interests of the country? Why not just let them buy your vote directly? Then at least you could maximize your return.
That's your principal motivation for voting McCain, since the GOP has betrayed every single tenet of conservatism. Both economic & social. So before lecturing others, look in the mirror (Hello Lesbo Sec of State, interventionist foreign policy serving other countries interests)

3. Do you really think Obama is going to give "95%" of people a tax cut? If so, I have some excellent deals on bridges in major cities for you. Just like with Clinton's promised "middle class tax cut", once he is safely in office, Obama will develop a severe case of amnesia. Once Obama gets through expanding the welfare system, supporting africa and socializing health care, there won't be any spare change for the middle class. [/B]

Yes. Obama will give a tax cut to 95 %. It's impossible the amount of bullshit you managed to squeeze in your ,ahem, "structured" three points response.
 
Redistribution may have another name...Reparations.
http://www.boston.com/news/politics...3/obama_rejects_offering_slavery_reparations/

The linked article has Obama rejecting reparations, in the traditionally accepted sense. That is, a check for each and every black person. That'll never fly and even Obama knows that. However, he must do something to appease his black constituency. Is he just shooting a different angle calling it wealth redistribution? Could be!
 
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