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White House Proposes "Wealthy Tax"
President Obama is proposing a new tax rate for people making over $1m a year. The new rate is part of a larger plan which seeks to bring in $1.5 trillion in new tax revenue and is sure to meet opposition in congress. From the article: "The core of the president's plan totals just more than $2 trillion in deficit reduction over 10 years. It combines the new taxes with $580 billion in cuts to mandatory benefit programs, including $248 billion from Medicare." GOP Rep. Paul Ryan of Wisconsin said, "Class warfare may make for really good politics but it makes for rotten economics."
This whole "fuck rich people" movement is really starting to get on my nerves. Rich people are not the problem, it's all of the tax loopholes companies take advantage of that is the problem, why not do something about them?
Oh wait, that's right. Tax loopholes and corporate tax law are far too complicated for the average American to understand, so they need a common enemy to crowd against...cue the rich person destroyin our 'conomy...somehow.
Yeah, there's no faster way to get rich than to sit back and just wait for it to roll in ....
"But we have to pass the bill so that you can find out what is in it,..." - Nancy Pelosi
And to some it means to pay SOMETHING.
With nearly 50% of the US paying no federal income tax, they have no problem asking for "more". Want to be 'fair'? Get rid of the EIC -- or at least prevent it from giving back MORE money that was originally paid by the recipient.
To be even MORE fair, get these folks in the system. Even at a nominal 1%. And link it to the upper end of the tax code -- at a 3:1 ratio. So every 3% more you want me to pay past 30%, the low end needs to pay 1% more. Want to raise my taxes 20% (to a total of 50%)? The low end gets raised to about 7%. I pay 50 -- they pay 7. How's that unfair to the 7?
Our country was founded on the ideal of "No taxation without representation". It appears that somewhere along the line something flipped to where we have "Representation without taxation" for a hell of a chunk of our population.
"Yeah, and the middle class is losing the war. We should start fighting back."
Fight back against what? People keeping their own money, instead of seeing a government bureaucrat take it from them and hand it to you, just because they made more than you?
Life is hard, and the world is cruel
Wow. You have ZERO thinking skills.
Obama is making a larger poor class and a smaller middle and upper class.
Under Clinton, the middle class grew and the poor shrank. Under Bush, the middle class got fucked. Whose policies are better again?
example: His health care reform. Forcing everyone to have insurance helps the insurance companies. Many small business are going to opt to pay the fine rather then cover health care. The fine is cheaper. The people will go to the government for their health care. Who pays for the health care then? The government does say the uninformed. Who pays for the government? All the citizens do. In other words in choosing the public option, you are choosing to pay for your own health care. Many will say the public option should be there. Well by forcing things, the government enacted a public option without calling it that. Also what about all the non citizen who get free health care now? Last I checked I have not seen a hospital turn people away. When they do not pay, those costs are turned over to those who can afford to pay. Why do you think the cost of health care keeps going up so much? There are many people who go to the hospital and do not pay. Stop treating people who are not citizens of this country who do not pay. Health care costs may actually drop then.
Spoken like someone who hasn't actually read up on anything. The biggest change is not the requirement of coverage - a REPUBLICAN idea first put into place by Romney. The biggest change is the number of abuses the current turds running what I call the "death care" industry can no longer get away with. No charging people an assload of money for a kid with a congenital condition. No dropping people because they developed a serious condition. No turning people away because they have a preexisting condition or requiring years of "no coverage for anything related" when these are the sort of ass turds who can make a missing toenail "related" to a need for corrective heart surgery.
The stimulus bills. The billions spent, sorry borrowed, created what again? A whole lot of not much. And he wants to do it again. Many people point at how much debt that GW Bush made. They over look that Obama spent more in three years than Bush did in eight. Bush added to the debt. Obama doubled it. Not a good thing.
Most of that debt is actually Shrub's debt. Obama stopped holding the cost of Bush's wars off the books, so 8 years of war debt all finally showed up on the balance sheets at once. Much of the rest of it was the spending crap from Bush's final year - remember, Obama took office in January and less than a month later these assholes handed him Bush's final budget, expected him to sign it, and then tried to hold it over his head.