RE: The People's Budget Plan

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RE: The People's Budget Plan - 5/30/2011 1:08:47 PM

willbeurdaddy

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Joined: 4/8/2006
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quote:

ORIGINAL: NeedToUseYou

Social Security

1. Raise the taxable maximum on the employee side to 90% of earnings and eliminate the taxable maximum on the employer side

HRmmm, what's that mean. Does that mean they want to make everyone pay on 90% of there earnings even if you make a billion a year, even if Social Security is not even relevant to your retirement.

And what's the second part, does that mean the corp pays Social Security on every single dollar you make with no cap at all.

What's that mean for small business owners that have to pay both sides.

Anyway, I hope I'm read that wrong.

No, you read it right. A massive redistribution of wealth

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RE: The People's Budget Plan - 5/30/2011 1:12:46 PM

mnottertail

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Since corporations have long been given subsidies, tax breaks, law rewrites and have not lived up to their end of the bargain, I think getting our money back from them requires no angst.

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RE: The People's Budget Plan - 5/30/2011 1:13:22 PM

provfivetine

Posts: 410
Joined: 2/17/2011
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Hah! What a load. First off, the government can't even properly project the budget deficit of the next year, and we're supposed to believe that they can project this in 10? The dollar crisis will happen before then anyways.

The only good suggestions that will actually help is ending overseas operations and eliminating corporate welfare. Everything else will drive up costs.

Some gems:
• Tax U.S. corporate foreign income as it is earned (Good luck with that one! If this happens you'd drive every large corporation out of the country.)
• Enact a public option (pooling the entire country in the same risk pool, significantly increasing demand, while doing nothing to increase the supply of physicians, medical equipment, drugs, etc, will not lower costs)
• Prevent a cut in Medicare physician payments for a decade (maintain doc fix) - (They don't really explain this; how in the world would this lower costs?)
• Invest $1.45 trillion in job creation, education, clean energy and broadband infrastructure, housing, and R&D (We're already investing too much in education, the subsidies need to be eliminated so tuition can become affordable without driving kids into debt slavery. They're seriously suggesting that we stimulate housing? What have we been doing the past 20 years? There's a glut of inventory on the market already)
• Infrastructure bank (We're too broke to rebuild infrastructure, despite the dire need. Spending money on infrastructure doesn't reduce the deficit)

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Post #: 23

RE: The People's Budget Plan - 5/30/2011 3:26:33 PM

Fellow

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Joined: 9/21/2009
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I join "provfivetine": The proposal has purely propaganda value. Not “genuinely courageous” (P.Krugman) but “outrageously ingenuous”. TAX increase is the basic idea of the proposal. The Republican plan was equally stupid corporate tax decrease being the center of the proposal. The numbers "progressives" come out with are obviously a blatant lie. Huge government spending becomes suddenly an "investment". Where have progressives been ending wars so far?

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Post #: 24