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  1. #201
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    Quote Originally Posted by FitToBeTied View Post
    So people earn money,save it and invest. Something that was taught to me from the time I was a little kid as being the right thing to do. Somehow that has become evil in this country, I don't get it.

    My grandfather worked as a factory foreman and in the depths of the depression invested his money. By time he retired at 62, he was set for the rest of his life and my grandmother's life. The last ten years he worked he made more from investment income than salary. I guess he was evil.

    For the last ten years since I retired and went into teaching, my investment income has been more than my teaching salary. I guess that is wrong and I am evil.

    I guess I should have gone out and spent my money stupidly like others did.
    Stop putting words into people's mouths. No one's said investing is "evil," or anything except a sensible thing to do if one can.. I invest, too, as do most who have enough discretionary income with which to do so. What's "evil" (or at least grossly unfair) is taxing income from investments at lower rates than income from labor, thereby assuring that "them's that's got shall get while them that's not shall lose."

    Your grandfather, BTW, was lucky to have a job at all during the depression, as was mine, who got downright rich.



  2. #202
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    Dec. 17, 2012
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    Quote Originally Posted by Beentheredonethat View Post
    Since all the so-called "experts in Washington are having such a hard time with this, maybe we should make a list and send it to them. Since I have an actual job and live in the real world, I know when I get into debt, I have to spend less AND increase income, so I'm good with letting taxes go up a bit, somewhere near Clinton era.

    REDUCE military spending. WHY do we have the biggest, most expensive military in the world and GIVE ungodly amounts of money to other countries, and why will no on speak of this? (Well, I know the answer. All of the politicians are being bought by the parties that get all of this money.) Just think of what our country would be like if we put all of that money and manpower into our infrastructure, kids, elderly?

    Your turn.
    Agreed. But we'll never get there with the "leaders" we now have in Washington. Anything they do will be less than what we'll get with the fiscal curb. So I'm hoping they don't agree on anything. Then later they can go back and reduce taxes, but we'll still have the military spending cuts. No other way that I see.


    1 members found this post helpful.

  3. #203
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    Apr. 25, 2011
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    A flood, a very, very big flood which divides the country into two sections, then start over from scratch.


    4 members found this post helpful.

  4. #204
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    Feb. 28, 2001
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    Quote Originally Posted by fish View Post
    What's "evil" (or at least grossly unfair) is taxing income from investments at lower rates than income from labor, thereby assuring that "them's that's got shall get while them that's not shall lose."
    Why is this unfair?

    I am seriously. Why is determining different tax rates for different gains "unfair"

    It might be complicated and unnecessary but it is not unfair.



  5. #205
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    May. 26, 2011
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    I've always been a proponent of treating all income the same on a tax basis but that is not what Obama wants to do. People also forget that there is a social component of investing.

    For example, public works, education, etc. that are funded by municipal bonds. If Obama has his way the cost of floating bonds by local governments to pay for things like schools will significantly increase.

    People also forget that investment dollars are what fund the expansion of public companies and start-ups. Without investors, companies like Google, Apple, etc. never get off the ground.

    The whole tax the rich argument falls flat because (1) it will do little to nothing to reduce the deficit, (2) it will damage a weak economy to raise taxes. Even the liberal economists like Krugman and Reisch say this albeit they waffle all around the issue, and (3) it does nothing to help the "thems that not".

    See the the most recent British tax hikes to see the effect that those had on revenues.
    "I couldn't find my keys, so I put her in the trunk"


    4 members found this post helpful.

  6. #206
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    Dec. 31, 2009
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    Quote Originally Posted by Hulk View Post
    How about mandantory sterilization (male and female) to recieve welfare benefits?
    ditto
    I LOVE my Chickens!



  7. #207
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    Jan. 26, 2010
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    Wow. I'm stunned people still are trying the capital gains things is taxed twice and it's unfair.

    LMH, I'll address this to you as we converse well with different ideas.

    I am the most frugal person you'll ever know and have saved since I was a kid. My grandparents bought us stock, not presents. I've been saving a for a long time. The interest/money I make off the money I saved is capital gains. Right now the tax rate on that has been lowered to an historical low of 15%. It used to be around 20%.

    I don't work for that money. It's saved money that sits there and makes money, which is not a bad thing.

    I also work, and that money, by the time you figure in all taxes, is taxed for most people between 30% and 50%.

    It is ridiculous that the money I literally work for is taxed so much higher than the money sitting there.

    This was originally done this way so that the elderly/retired would have a lower tax rate and live on investments. Good idea.

    The PROBLEM is, people who inherit wealth or have large amount of it benefit FAR more from capital gains than the people who need it. Romney doesn't have a job, inherited wealth, destroyed and took jobs from people, and pays a much lower tax rate than ANYONE working. That's not fair.

    And, for the zillionth time, I and NO ONE ever said tax the rich was the solution to everything. It's ONE thing to fix this HUGE flaw in the system that has allowed the 1% to increase their earnings 300% over the last 20 years while the average worker only increase 7%.



  8. #208
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    Feb. 6, 2003
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    Deep South
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    Quote Originally Posted by 5 View Post
    11-Impose tarriffs on imports.
    We are already slaves to the Tariff Code. Generally, imposing tariffs is a reciprocal activity, and can become counter productive in a hurry. Increasing taxes on the rich tends to result in the rich moving out, and the loss of ALL their taxes. http://www.dailymail.co.uk/news/arti...ntroduced.html
    ... _. ._ .._. .._


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  9. #209
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    Oct. 4, 2003
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    Quote Originally Posted by LMH View Post
    Why is this unfair?

    I am seriously. Why is determining different tax rates for different gains "unfair"

    It might be complicated and unnecessary but it is not unfair.
    When it results in inferior returns for work than no work, it's manifestly unfair, even to monkeys: http://abcnews.go.com/Technology/sto...1#.UODMQbaHrCc



  10. #210
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    Great link, fish!



  11. #211
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    Oct. 25, 2006
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    Pick a recent year before Obama came to Office. Take THAT Budget and make it the current one.

    Take the Federal Govt back to the size and level it was before Obama greatly expanded it. That would be a very good start!!


    2 members found this post helpful.

  12. #212
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    Oct. 25, 2006
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    Central Illinois
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    The post above was on cutting the spending.

    To address increasing the Tax Revenue, we could CUT all taxes. It would spur growth of the Economy. More jobs would be created, therefore, MORE people would be paying taxes.

    Everytime in history, when taxes are cut, the tax REVENUE goes up.

    Raising taxes will have the opposite effect. Our tax revenue will actually drop.


    3 members found this post helpful.

  13. #213
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    Jan. 26, 2010
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    Shermy--Go back to the other thread. Your peeps will agree with you there. The trickle down theory ain't gonna fly here.



  14. #214
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    LOL, what does History have to do w/anything, right??

    You go by feelings, not facts.


    4 members found this post helpful.

  15. #215
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    Quote Originally Posted by Shermy View Post
    Pick a recent year before Obama came to Office. Take THAT Budget and make it the current one.

    Take the Federal Govt back to the size and level it was before Obama greatly expanded it. That would be a very good start!!
    You mean like the Bush budgets???!!!????


    1 members found this post helpful.

  16. #216
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    OH ok I get it...everyone should have equal financial status.

    Then it would be fair.

    Thanks for explaining. I will go ahead and divide my net worth with the country tomorrow.


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  17. #217
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    Sure, any one before Obama would be a huge improvement from the last four years.

    Assuming you would disagree, but you can not claim that Obama has taken our Debt to a whole new level, right??

    Take our budget back before Obama's levels, it would be a good start


    3 members found this post helpful.

  18. #218
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    LMH--I didn't explain it clearly enough? I didn't say anything about equal financial status, but, yes, I think things should be fair. Why is that an issue? Why should those who are rich enough to buy the laws and that benefit them continue to do so and the incremental advantage that makes the gap between those who can do that and those who can't bigger?

    Back to the other thread where we discussed so well, what do you think Jesus would do? I'm sorry, I probably make a lot less than you do, but I really can't see the mindset where I have mine and have figured out how to use the laws to my advantage, so screw everyone else who can't. Not a Jesus thing. I think he was all about fairness.

    And, not LMH, go ahead and keep IGNORING that Obama counted eight years of a fake war into the debt when BUsh did not. Maybe Obama should go ahead and do that and the magical math will make sense. Unicorns, sparkle dust, fairy wand--debt drops tremendously because the wars are not longer in it!



  19. #219
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    Nov. 18, 2010
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    california
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    Quote Originally Posted by Shermy View Post
    Sure, any one before Obama would be a huge improvement from the last four years.

    Assuming you would disagree, but you can not claim that Obama has taken our Debt to a whole new level, right??

    Take our budget back before Obama's levels, it would be a good start
    Uhmm, you do know that Bush never included his war expenses in his budgets....Oh sorry, facts just keep coming up... I know the GOP won't let facts get in their way...



  20. #220
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    I really don't think you want to have a conversation with me on WWJD on this topic.

    Really.

    Fairness is actually not a Biblical principle at all...Grace is. Grace is offered to people that are undeserving. Grace is about doing what is not fair but beyond fair.

    Truly leave that can unopened.

    Besides it is pretty clear from the other thread that Jesus and God are not invited into the discussion or the solution so let's not toss that around as if you are really concerned or interested in Biblical principles to solve the troubles of our country.


    3 members found this post helpful.

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