Absolute total bullshit.... completely wrong. You sir, don't know the first thing about economics.

Epic Fail

The rich use the money to invest in businesses, which creates jobs. Even when they take blocks of capital and put it into mutual funds, or just a savings account, it ends up invested. They don't hide the money under their beds. It's always circulated through investment, growing businesses, or spending on large items/services. The rich get that way because they use their money to create more wealth. When you raise taxes, it goes into a government system that does not create wealth in any way. The government either takes it from the actual producers of wealth, or it inflates the money by printing more, or it borrows it in the form of bonds. The government creates NOTHING in terms of actual wealth for society.

EVERY SINGLE TIME, taxes are lowered, the economy is stimulated, more jobs are created, more people are working and paying taxes, and the actual tax revenues realized GO UP!!

This has been proven over and over and over again. It was the reason why for example the depression of 1920 was avoided, and instead we had the roaring 20s. By the same token, raising taxes is the reason that the US depression of the 30s lasted so much longer than it did everywhere else.

You really should read some books on economics and history.

Just sayin....


.:2 cents:

Nice spin.

Or you could say the depression of 1920 was avoided because taxes increased, and when they super dropped it down it sparked the 1030's depression. Then after the depression started, they sky rocketed taxes... It did not lower back to previous points until Reagan took office, which again fucked us up. Daddy bush kinda corrected, Clinton corrected, Economy took off again - (as it went off) Bush Jr comes in, lowers taxes - Economy falls.

Here's a graph, of top rates... some high income brackets back then, sure not that many making that - so this isn't the average but it gives you a damn good idea of the "rich" version.

http://www.truthandpolitics.org/top-rates.php

You think I could get a job as a news anchor? Them boys get paid well to look pretty on tv.... I think I could pull the spins off without laughing.

Well, based on your logic, and 8 years of these great practices, I wonder why we find ourselves in Shitsville. Must be Obama's 18 months eh?

There was an election between 2 candidates. America voted. Your side lost...

http://smartsexyrichcrazy.com/wp-con.../10/debate.jpg

And you will lose again in 2012.

where do you get 8 years?
Democratic controlled house and senate for 3 years and 6 months, when did shitsville start? about 3 years ago.

OK, the YOUR SIDE thingy really shows me a lot, it shows this is some kinda competition for you, it's not, its about whats being done wrong and how do we fix it for the sack of all of US, don't get sucked into the democratics and Obama know what they're doing and what they are doing is the right thing no matter how bad it gets brain freeze

You right...the whole problem is the government just doesn't have enough tax revenue:)

Hahahahahahaha.

the interesting part of that graph is the period between the 30's to the 70's. you know. the time period we came out of the depression and became an economic super power. seems hurt the argument that deep tax cuts for the rich are good for the economy shit right-wingers keep spewing.

the only thing deep tax cuts for the rich seems to accomplish is to enlarge the wealth divide.

Logic often tickles the funny bone..

You know.. that thing that puts more money in the pockets of the corporate interests and ultra rich that actually control this country.

cut taxes for the rich! they need the money to buy our government :)

You don't have tax treaties with other countries? Here in Aus we have a ton of tax treaties and you only really pay tax on what you bring in .. with a few other rules.

That's crazy talk! You must be a commie!

At a personal level... not that I'm aware of or can think of. It's pretty cut and dry for us, pay no mater what, again with some mild changes for those that live off shore, but you still report either way.

At a business level, yes. However if you own the business and its offshore, you still have to report and depending on those treaties and tax levels you may still pay at a corporate level. But you do have plenty of stuff to take advantage of as a business.

America is kinda jacked like that... one of very few Countries that do this.

I heard you had a face for radio.

actually employees pay for it.Tax cuts come back as $1.06 back into the economy, unemployment comes back as over $1.60 into the economy.Because people spend every unemployment dollar that comes in unlike tax cuts. If the concern is paying down the debt and considering we are in two wars. Then saying oh no dont stop the tax cuts is just horseshit.

Radio isn't a bad idea either... I wouldn't make a very good Celebrity. A powerful voice like mine is much better for the radio after all, but I would feel bad putting all those talk radio shows out of business...

This just in: GOP to run Joad Cressbeckler in 2012.

He ran against McCain in 2008 as an Independent, but it didn't work out.

Now he's back, with the full support and backing of the Tea Party!



https://youtube.com/watch?v=0iqktCdX0hs

thats called fox news

The irony of this statement coming from an incompetent liberal is almost too funny to pass up.

http://blogs.venturacountystar.com/i...bama%20fox.jpg

http://www.humanevents.com/images/FoxVsObama.jpg
http://smile76.files.wordpress.com/2008/11/1lead3.png

http://www.frugal-cafe.com/public_ht...n-fox-news.jpg

http://www.exposebarackobama.com/image/audition.jpg

http://www.getliberty.org/content_im...ox%20(500).jpg

http://2.bp.blogspot.com/_uwJAIW53WL...%2BTyrants.jpg

http://www.frugal-cafe.com/public_ht...-valentine.jpg

http://2.bp.blogspot.com/_ZTsdiIlN_8...from-plane.jpg

I don't think that's proven to be true in the 2000's... how many "houses" can her safe investments buy now? How much commodities?

Cash is king, imo and will be for a few more years. It's the hardest thing to not chase yield, but that's what got everyone so fucked in the first place and what continues to set people up for a killing now (ie; investing in muni's and higher yielding corporates many of which will go bust).

It's time to focus on the return OF your capital; not the return ON your capital.

The only problem with your analysis is that simply looking at tax rates is not going to give you the right answer (ie; write-offs unavailable today were every where when income taxes were much higher).

The tax code is more complicated than that.

Cash is king? I would disagree with that statement. Precious metals like silver and gold are kings. Cash is getting less and less useful with the printing presses running. Purchasing power is decreasing and will continue to do so until the dollar is completely worthless. Thanks Barack!

I know you and I disagree on this, but I stand behind the statement. I could qualify it and to say cash and cash equivalents, which could include metals which as you know I believe are in a long-term bull market.

The fact is, the US Dollar index is currently at the same basic level that is was in 2004. It also rallied hard during 2008 when the meltdown was in full force, and despite all the talk of inflation and dollar collapse, T-bonds are still strong and commodities in general are still weak. M3 and core inflation are not accelerating as would be expected in a run away inflation.

In 1999 and into 2002 I forecast (on another board) the demise of the dollar and that one should buy gold / silver. Now, while I still believe this is the general trend, the first part of this major move has been seen already. And, the economy is still trying to fend off deflationary forces -- with the Govt's full cooperation.

Nevertheless, I believe there is still a massive amount of credit contraction and bad debt (that will go bust) that will keep this force in play for 2-3 more years. However, following this I am quickly behind the (your) camp of further, more accelerating dollar weakness and corresponding commodity bull markets.

Our difference in opinion is a slight one. I see deflation as the near term, main risk before your scenario has a chance to be unleashed in full force. I could be wrong of course. However, you have to admit what the markets are saying which seems to match my analysis so far. :winkwink:

Exactly.
All these kids that want their betters to pay their way for them always talk about the old rates. The loopholes of the past are all closed. Big difference that the rabble can't or won't understand.

Here's a chart of the dollar index to give some perspective. If it does not load, use this link: http://futures.tradingcharts.com/chart/US/M

http://futures.tradingcharts.com/charts/USM.GIF

The US$ Index high occurred in June 2001 (128.35) and collapsed into December 2004 (81.78). It is currently higher than that level (83.71). :2 cents:

Especially idiot logic.

Statistically speaking, your parents paid your way to nicer schools, roads, security, all the benefits you will use when you get older, etc. They paid more in taxes than you ever will in your life....

You do realize Obama campaigned on this correct? It's not like it's some big secret, he said he was going to close the loopholes, remove the tax breaks, clear the budget as well... and once he got done, he would then look into adjusting the tax code so it's not so complex in some areas.

What is it with the minds of the right, is it all squishy or something?

Aye, just laughing at something with no ability to actually comment is rather idiotic. :thumbsup

the tax rate on rich people would be a nonissue if the government could control its appetite for spending.

The truth is, the poor & the unemployed are bottomless money pits. The government could take over the entire economy, hand all the wealth of the country over to them, & there will still be unemployed & poor people. The reasons of poverty & unemployment span numerous factors, like education, judgement, work ethic, discipline, & luck.

the real question is, where you you draw the line on compassion & safety nets for people in need, when resources are limited. 99 weeks of unemployment benefits helps the unemployed, but it doesnt create jobs for them.

Hating the rich & taxing them out of the country won't create jobs or make poor people productive in society. There will always be people with needs, & government needs to draw lines & stop acting like they have unlimited money to spend on them.

Very well said! Those are my sentiments as well.

but before people start accusing me of blaming the poor for the deficit, let me be clear that UNFETTERED GOVERNMENT SPENDING is the problem...not just on the poor, but on the rich as well. The times has a great op ed about governments spending programs to help the rich:

No corkscrew?... No problem!

http://www.patspapers.com/blog/item/...orkscrew_shoe/