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  • #4
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    Another point for the writer "The rich, after all, are the investors that help businesses grow and add jobs. Often, they are business owners themselves, eager to hire workers when demand grows. "

    How can you spew this rhetorical nonsense with a straight face? Under Bush and Obama's first term, some 11 years, the rich had the lowest effective tax rate since the advent of taxes. And this nation lost 20 million jobs. Two days ago Wall Street hit an all time high mark. And still jobs are not there. There is no proof, not even anecdotal evidence that lower taxes on the rich creates jobs. That's just RHETORIC.
  • #8
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    "eager to hire workers when demand grows."

    This is the important part. They are only eager to hire workers when demand grows. Taxing the rich more or less has a negligible effect on demand, which is why taxing them more doesn't 'destroy jobs' and taxing them less doesn't 'create jobs'. You're right, it's all rhetoric.
  • #41
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    @Roco I don't understand the "logic" of the Heritage Foundation. Anyone can spin anything to their advantage and these guys are and have attorneys busy all the time spinning for their benefit. But the bottom line here is that the rich have stopped creating jobs to create buying to creating profit as was always the basis for capitalism and have resorted to simply picking the bones of the middle class and are intent on destroying us because they think they don't need us anymore. The;ve moved their little tent show to China and India and it's easier to placate those with nothing by giving them a tiny crumb when Americans expect a decent crumb. The rich are evil. They produce nothing. they make profit off of our govt tunneling tax dollars back to them in return for campaign contributions.

    By the way. How is Havasu? I haven't been there since 1997. still the drunk kids mecca?
  • #56
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    @jessejaymes They are not even throwing out crumbs anymore. Its all about profits at any cost. Explain to me how the market is setting new records withe the unemployment being as it is. Salary of any job (excluding CEO's) have more than stagnated. Look at the cost of anything. The cost has not just gone up, it has skyrocketed. They could at least throw out some crumbs to the serfs. The cost of food has gone up greatly since 2000. And Havasu has change a lot since then. Not so much so the party town since the older retirees wouldn't let MTV come back and they started closing the sand bar down during spring break and holidays. They still come but not such big crowds.
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  • #3
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    I would ask this writer one thing. If the top 1% of Americans are making 90% of the money why should they be paying 90% of the taxes?
  • #36
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    That's exactly how I look at it. If the 1% is making the most money (not wealth) they should pay the most taxes. With all of the tax loopholes (breaks) and such they can get the tax rate down to 12%-15% whereas the working stiff has to settle for one or two major tax write offs and have a right around 20%-24%. Congress, wanting to balance the budget, will do away with mortgage deductions, but will not touch any tax write off for the 1%. I would be willing to give up this one deduction for a tax code of a certain percentage rate across the board for all types of income - be it from pay or investment.
  • #37
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    @Roco Absolutely. while I paid 33% because my house is paid for and I have no dependents, Romney paid 14%. that's totally criminal.
  • #42
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    But the top 1% does not make 90% of the money. They make a little over 20% of the income. They pay a little over 36% of all federal income taxes.
  • #49
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    @IMAQT That's simply not even close to true. 20 years ago 70% of the wealth was in the hands of 10% of the people. today 90% of the wealth is in the hands of 2% of the people. They should pay 90% of the taxes. Period.
  • #54
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    @jessejaymes You said "If the top1% of Americans are making 90% of the money". "Making money" refers to income, not wealth. I can't read your mind, I just read your words.
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  • #5
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    Absolutely. Soaking the rich hurts us all because "the rich" are the investors. Obama does not understand our economy and worse, doesn't care because he's like to turn us into a socialist state with him and his Chicago gangster thug friends as the new elite class.
  • #7
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    Yet we have yet to see him or any democrat in favor of "soaking the rich" file a short form for taxes. They ALL take each and every deduction they can, as does Warren Buffett, Bill Gates et. al.
  • #15
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    You are the one that doesn't understand our economy. Our economy is driven on consumer spending, not investment. Raising taxes on the rich doesn't hurt consumer spending, just as lowering taxes on the rich doesn't help consumer spending.
  • #20
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    @AceLuby You do not understand. Investment drives the economy so everyone will have more money to buy things with. Besides, people who have worked hard and taken risks to build a business and serve a niche for consumers, deserve to keep the money they honestly earned. It is welfare slackers and yankee socialists who hurt our economy and in effect take money out of the pockets of consumers. Socialism sucks. Just look at the misery index in the area you are from, the yankee northeast.
  • #22
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    @AceLuby You are so wrong that I won't even take the time to educate you. Take a few economics classes and then express an opinion. I will give you ONE example: Bush lowered the Cap. Gains tax, we built a home that cost $1M and furnished it. Why? Because we could take our earnings for less expense. We did cash in some accounts, paid the taxes to the government, paid cash for the house and stuff and in the process provided work for untold numbers of people, from the lowest laborer to the cabinet makers, the drape makers, the furniture makers, electricians, cleaners, landscapers, plumbers, carpenters, companies and people who manufacture everything from light bulbs to light fixtures to plates, silverware, pool supplies and so on. Now, tell me again that lowering the taxes for people who have money doesn't drive the economy. Conversely, we took our money out LAST year to pay for this years extensive renovations on this house, paid a lower tax on it and will not be taking any more investment money until the rate goes down, thus not paying the extra taxes Obama thinks he's going to get and not using that money to put into the economy.
  • #29
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    @Fallstaff That doesn't even make sense. Investing doesn't put money in people's pockets. Jobs do. What drives job creation? Consumer spending that increases demand for a product or service. It's economics, not political.
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  • #2
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    propaganda at it's best, we all know greed and it's cronies are the downfall of all empire's, so America, our future is written in stone, if we don't change things!
  • #149
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    No...Its first class BS!---These guys have NO interest and NO intention of hiring anyone---(at least anyone in the US)---When they could just put their money in their pockets. These guys have been sitting on over 2.5 Trillion dollars ever since the Bush administration instituted those bogus tax breaks---They didn't hire any more employees then---So what makes you think they will start hiring anyone now...They have just always used that "job creator" crap as a ploy to extort more tax freebies from the public troth...Don't buy one word of this "job creator myth"...If they are not going to hire---Then just "tax it from them anyway"...
  • #153
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    @Sonny I agree on some levels but through taxes you're just redistributing that money to government.....not to people.....that doesn't work so well either.....government tends to hoard money just as much as any greedy business.....sometimes more so.....
  • #154
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    @Knightkore No see that's where you are wrong about government---I mean its not like Obama goes out, personally collects the taxes him self...then puts it in his pocket, when no one is looking...Public money goes to pay for public goods and services...Our government does not "hold" the money it takes in----they spend it on the people for the people...So there is no way that you can say that the "government hoards money"----If you believe that..The show me the proof..........Where is it?
  • #155
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    @Sonny You're kidding me? You actually believe this? You can't be serious. Okay, the money for the schools.....where has that gotten us? They keep saying more money is needed. Why? Our schools are worse off then ever before.....

    Social security, medicare, USPS.....seriously.....

    Naiveness is not becoming.....
  • #156
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    @Knightkore You said that "the government hoards money"---Isn't that what you said? And I am merely asking you to prove your allegation...If the government is hoarding money---Then where is it?...And if the government is "hoarding money"---then why does the right always claim that "the government is broke"? How can it be both ways...

    Calling me names won't shield you from having to stand behind your allegations....So I am still waiting for your proof of just where all of this money is being stashed by the government---Pointing to the EXPEDITURES of that money---only proves my point---That tax dollars are SPENT by our government for the citizens, and therefore they ARE NOT being hoarded...I mean unless you don't really understand what the word "hoard" means then you are making no sense at all here...Now please give us proof of just where the government is "hoarding money"---And please at least try to do it without calling me names, because I just might have to throw a few back at you....
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  • #55
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    The Heritage Foundation??? No, I do not agree with Propagandists that have no evidence for their claims that are in direct conflict with all the evidence that raising taxes on the rich does not harm the middle class or poor. Why not take an article from Marlboro that says that Smoking prevents cancer or one from Exxon that exudes the health benefits of drinking crude oil. Under Reagan the top tax rate was 50%, under Nixon it was 78% and Eisenhower it was 92%, the lower the top tax rate has dropped, the worse it has gotten for the middle class and poor. Our current tax structure allows the rich to pay a way lower percentage of their income to taxes. This is why insane Tea Party state governments are doing away with state income taxes and replacing it with a sales tax. That way the rich pay virtually nothing of their high incomes to taxes and the poor and middle class pay WAY more. If anything the United States should be bring back the old tax rates of the Reagan Administration, eliminating their tax loopholes and SEIZING ALL off shore holdings meant to avoid pay taxes, I believe the last estimate was more than 30 trillion dollars that the American rich are hiding offshore to avoid taxes. Seize the money and tell them they have 1 week to either pay taxes on the money or it becomes the property of the US Treasury.
  • #45
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    I appreciate this appeal to people's desire to be successful, but the reason for not taking more money from the rich is because it's not your money to take. However people desire to rationalize it, theft is not a good policy to promote.
  • #6
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    Of course, I am living this tax hike and I know what we will and will not be able to do with our money. First, we will not be taking any money out of investment, the tax rate is just not worth it right now and because our income is going to be much lower and prices for everything are skyrocketing (been grocery shopping lately? And wait until the EPA imposes their version of Cap and Trade - heating and cooling the house will be astronomical), we will have less disposable income to invest. Life happens and some of these grandiose ideas have unintended consequences. One of them is less investment and less tax income than expected. On that note, and in respect to the $600B tax hike Obama just got a few months ago, this year marks the HIGHEST amount of tax revenue, EVER, that will flow into the treasury. With that in mind, why on earth or should I say, how on earth, can Obama request even more money or justify it? Until the general public realizes that a "fair share" means we ALL pay a bit into the till, this inequity will continue. The "Rich" (20% or so) will continue to pay close to 40% of all income taxes collected, the top 40% will pay close to 60% of all income taxes collected and 50% of the country will pay NO income taxes. Guess who polls highest when asked should the "Rich" pay higher taxes? You got it, the one's who pay none now, are not interested in paying any in the future, still want their benefits and more and know that to keep them and increase them SOMEONE ELSE will have to pay higher and higher taxes. Anyone interested in discussing the phrase "fair share" with that information?
  • #14
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    yeah, give me the definition of fairness and our current economic policies as per to your statement...
  • #16
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    @hankf68 ...if you want to use the word "fair", you are already at a loss for your argument, just saying...
  • #19
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    A wall of rhetoric and paranoia. Take an economics course, investment doesn't drive the economy, consumer spending does.
  • #23
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    Hank and Ace you are both wrong, I suggest you all take an economics course or two. All I see is a bunch of class warfare and envy.
  • #26
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    @hankf68 Fair means that everyone has a pony in the race, fair means that this is everyone's country, everyone should pay something toward it's upkeep if they work. Fair is NOT having a few pay all the bills. Fair is sharing the responsibility for keeping government going. As long as you and your friends don't have to pay for it, you have absolutely no compunction asking others to ante up more and more to pay for your chosen lifestyle. That, boyo, no matter how you look at it, is NOT fair. Equal responsibility is the only fair way to go. Look at the really socialist countries, Norway or Sweden, EVERYONE pays taxes, only in America, the country with the most progressive tax rates, do a few pay for all.
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  • #61
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    Not totally.
    Warren Buffet, who knows alittle something about the rich, said this- that the super rich add ZERO jobs to the economy. Once they purchase their jet, a few nice cars, a vacation house or two- they are done. They have everything they need and begin to stockpile cash- what, they need more groceries? Another dozen Rolexes? Doesn't work that way. They don't continually start companies or continually hire workers. They create lifestyle, then that's it. They invest in the euro or yen or real estate in Dubai- doesn't affect you or me abit. They take advantage of loopholes not available to you or me, pay zero taxes and yet get a couple hundred million in refunds-
    That is why nearly all billionaires say they are not taxed enough and will happily pay an extra point or two- I am inclined to listen to their counsel. I think they are in a position to know.
  • #53
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    The wealthy are mostly governed by greed....they do not do anyone any favors, trust me. Any jobs they create are offset by the fact that those jobs will turn to smoke as soon as a more profitable way to achieve those means is found.
  • #44
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    Bull Shitz.........now how about the Uber Wealthy just pay their fair Share close the millions of loop holes,Off shore Account closed them all,Swiss accounts Close them all
    And pay the same Rate that Most midlle class "HAS" to pay.Close all Corporate loop Hole,Close all Oil & Gas Welfare,Tax all Churches(AKA Religions) since they are now a Business.
  • #43
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    There are 25 people in a room. One person pays more in income taxes than the other 24...combined. 12 People pay zero income taxes and many of those still get refunds regardless of paying zero (welfare). This is what you must believe if you are a democrat: The one person that pays more than all the others combined is still not paying "their fair share", yet they have no problem with the 12 that pay zero income taxes. This is what you MUST believe if you are a democrat.
  • #18
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    Absolutely.... The Vast majority of what we call Rich are rich because they run companies that produce goods and services.... Increased tax on such is passed to the End User of those goods and services ... No way that can be controlled... So every time you raise taxes on the rich you raise the price of Everything from milk to cars that the middle and low income families pay when they buy stuff ....
  • #17
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    There's no way soaking the rich will hurt the poor! The rich are the ones taking from the poor to feed their massively gluttonous appetites. Many governments have the motto of "rob the poor, give to the rich." That has to stop.
  • #10
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    Amazing. Enough BS to fertilize the Northern Continent. According to this character, trickle down hasn't worked because we've just not given enough money to the wealthy yet.

    Perhaps we should all learn from Eisenhower, that if you want to grow the middle class, you have to tax the crap out of wealth in such a way as to incentivize them to pay their workers living wages, invest in our infrastructure, and encourage supporting our education system.

    Our economy is driven by demand, not by how much the wealthy can hoard.
  • #81
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    This whole thing is bs. It's not the "earnings" from wages. It's the loopholes on investment income the top 10% make. That along with strategies by advisors to hit loopholes. Close the strategies used to top earners above the 1 million mark.
    That will help.
    None of this is going to amount to anything because our elected officials are in on the scam.
    They just want to look like they are concerned and doing something.
  • #78
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    I have to say to the gentleman from the Heritage Foundation (How is Karl Rove by the way? And Dick "Dick" Cheney? You do keep them in the basement at night right?). Your op-ed is pandering to the low education right wing base. To keep them heeled. The rest of America has been suffering for 12 years now. Voodoo economics doesn't work and most of us know it. You're all about destroying the middle class. I don't really think that Atilla the Hun told people that he was there for their benefit and I really don't think you people should either.
  • #73
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    No and HELL NO! I I have no desire to wait on "Daddy Warbucks" to save me from my poor little existence and give me a job.
  • #65
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    Business owners can market a product or service but need consumer demand to survive and prosper. On the other hand if consumers demand more of a product....new businesses are created to fill the void.
    Consumers are the indispensable part of the equation....business owners are the variable.
    Who do you want your tax system to subsidize??
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