The rich are waging class warfare on the poor

[failed_trad3r]

Quote from bone:

Take all of it. 100 % of their annual adjusted gross income. It would still take you sixteen years to pay off the existing debt - not to mention the future debt and not to mention the unfunded obligations. Hence, the requirement to attack the problem from the entitlement spending side. And yes, I believe the tax code needs to be overhauled - either a flat tax without deductions or a progressive tax with no deductions.

Unfortunately both parties, rep and dem, are keyneyian parties and unlikely to change their ways. The tea party is unlikely to make changes in the rep party, because the rep are responsible for over 75% of the national debt and even bigger spenders than the dems. Thus forcing balanced budget onto the party which has shown the most inability to do exactly that is likely to fail if there was a dem tea party i would think they would be able to be more successful.

 

[Random.Capital]

Quote from failed_trad3r:

Unfortunately both parties, rep and dem, are keyneyian parties...

Neither party is "keyneyian". Keynes advocated storing up surpluses, not running deficits, during the good years.

 

[MKTrader]

Quote from failed_trad3r:

the rep are even bigger spenders than the dems.

Not necessarily. It depends on each particular administration. Obama has outspent all of his predecessors from both parties. And if you look at long-term burdens like SS and (especially) Medicare, well, you know who started those. To be fair, similar arguments can be made about some Republicans and their war machine build-up.

Off the top of my head, I don't know where LBJ's spending stacks up, but he was the worst of both worlds--too much welfare state and warfare state. It's similar to what we have now.

 

[Betapeg]

We need to raise taxes AND cut spending. Republicans AND Democrats are right on both things here. Obama made clear they had a bill that would do this while not throwing a wrench into the economic recovery. I have to give Obama and Boehner credit for trying to work to together on this, despite their rhetoric.

 

[bone]

Quote from Betapeg:

We need to raise taxes AND cut spending.

Lucid and concise.

My regards.

Flat tax, no deductions.

 

[logic_man]

Quote from Betapeg:

If the government is to provide services to its citizens, why would you expect those who can least afford it, to pay the most for it?



You've been listening to too much Rush Limbaugh.



Your tax dollars pay for infrastructure, education, law enforcement, safety/environmental regulations, and a myriad of other things that benefit your life on a day-to-day basis. I think you probably get more than your dollar's worth. You might want to take a trip to Europe and see how much they pay in taxes. They'd probably laugh at you whining about how much you pay here. Stupid Americans...



You're right. Support universal healthcare coverage.

Hey, dude, get a clue. You clearly missed the point of that. If Buffett pays $3M in federal taxes, do you think he gets $3M in benefits? Do you even understand the concept of cost allocation? Your whole "tax dollars pay" blah, blah, blah, takes that into effect. I pay $1 in tax for every .80 I get in benefits. That ratio should be $1 to $1. The feds are ripping me off to the tune of 20% on every buck. In fact, every taxpayer who makes over about $120K gets screwed. The rest of you get more than $1 for every $1 you pay, so whoop it up losers.

I don't support universal healthcare. I support you paying your own friggin way. Why in the world would I want to pay .01 toward your health care? I don't know you and I don't want to know you, so I don't really care if you get health care or don't.

 

[logic_man]

Quote from epiktetos:

Agreed, this is the only thing that would end the mooching of federal funds by Republican heavy states.

Typical Leftist superficial analysis of this data.

Wanna bet that the majority of the tax revenue from blue states comes from people who vote red? After all, the GOP is the "party of the rich", right? So, before breaking your blue arm patting yourself on the back for providing all that tax revenue, you should realize that you, Mr. Blue Individual Taxpayer, don't really provide jack squat to the red states. It's "red" individuals like me, who live in blue states for business reasons that were set in motion 100 years ago, when the entire country was more red than blue, who pay the taxes. You "blue" losers just try to glom on to the credit.

Plus, those red states have a boatload of military installations, which just so happen to be one of the few things actually justifiable by the Constitution.

 

[MKTrader]

Quote from Betapeg:

We need to raise taxes AND cut spending. Republicans AND Democrats are right on both things here. Obama made clear they had a bill that would do this while not throwing a wrench into the economic recovery. I have to give Obama and Boehner credit for trying to work to together on this, despite their rhetoric.

There's a HUGE amount of spending we can cut before even thinking about raising taxes. I'm talking about entire Federal agencies. Take the Dep't of Energy. It was created in that late 70s to "reduce our dependence on foreign oil." It's now a huge, wasteful bureacracy with 16,000 employees and $24 billion annual budget. And guess what? We import more oil than ever. 30+ years of an epic failure. But is anyone talking about putting them on the chopping block? Heavens no. If anything, they'll probably grow under Obama.

That's just one example. There are hundreds of others. All this class warfare talk of "the richest must pay" is a diversion. It's just playing on people's envy and frustrations. A massive amount of pork-cutting needs to happen before a penny is raised on anyone's taxes (rich or poor).

 

[failed_trad3r]

Quote from Random.Capital:

Neither party is "keyneyian". Keynes advocated storing up surpluses, not running deficits, during the good years.

yeah.. i disagree. China is communist, not capitalist imo. So rep and dem are both keynesian, not austrian imo.

Quote from MKTrader:

Not necessarily. It depends on each particular administration. Obama has outspent all of his predecessors from both parties. And if you look at long-term burdens like SS and (especially) Medicare, well, you know who started those. To be fair, similar arguments can be made about some Republicans and their war machine build-up.

Off the top of my head, I don't know where LBJ's spending stacks up, but he was the worst of both worlds--too much welfare state and warfare state. It's similar to what we have now.

obama is a great equalizer, but until he has 3 more years of 1,7 trillion deficit, still the reps will be bigger spenders (interest payments have alot to do with it) and theres only 2 more years left.

 

[LeeD]

Quote from failed_trad3r:

yeah.. i disagree. China is communist, not capitalist imo.

IMHO, China is both

Quote from failed_trad3r:

So rep and dem are both keynesian, not austrian imo.

If we are talking of "professional politicians", in their majority they are Keynesian. There are a few notable exceptions like Ron Paul (rep) and Dennis Kucinich (dem).