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ORIGINAL: pghays04

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ORIGINAL: Musicmystery

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ORIGINAL: pghays04
I have seen both pro and con about taxing the wealthy on this thread. I ask that the people wanting to 'tax the wealthy' to think a little deeper about the mechanics of carrying out such a plan. If you raise the taxes on the wealthy they might wright the check, but they get someone else ( tenants, customers, their employees, etc.) to actually carry the extra burden by raising prices and/or reducing expenses. And no, when taxes are lowered they don't spread the windfall to customers, etc. Why do you think they are wealthy (unless they inherited their wealth)? They have advisers to help them NOT pay the increase. Under our current tax system I see no way to have the wealthy actually carry the burden of increased taxes. It would be very interesting to see a tax system that could actually meet the goal of taxing the wealthy.

I want to roll back the Bush tax cuts. All of them.

An interesting idea. If you remember the Regan 'trickle down economics', he had it half right. Increased taxes will certainly trickle down. I understand it could be argued that rolling back tax cuts is not an 'increase', but it has the same effect when compared to current rates. The wealthy would merely pass along the added expense. Remember the wealthy are experts at using other peoples money.

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The 'Trickle Down Economics' was tied to goverment money being handed to large companies in the hopes they would use it to both expand and hire additional workers; thus, the money they got from the goverment would go further down the chain from management to peon. It had nothing to do with taxes. I'm in favor of trickle up economics......eliminate the student loans. Imagine what a few million Americans could do with $200-1400 dollars in their pocket each month? Most of them would simply spend it on stuff.

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ORIGINAL: hlen5
The beginnings of the economic meltdown were being predicted in 2007. How was this Barry's fault again?
On the other hand, the whole of Congress couldn't account their way out of a paper bag.
They're all corporate-paid whores.

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ORIGINAL: pghays04

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The 'Trickle Down Economics' was tied to goverment money being handed to large companies in the hopes they would use it to both expand and hire additional workers; thus, the money they got from the goverment would go further down the chain from management to peon. It had nothing to do with taxes. I'm in favor of trickle up economics......eliminate the student loans. Imagine what a few million Americans could do with $200-1400 dollars in their pocket each month? Most of them would simply spend it on stuff.

The main mechanism used to hand those companies that money was corporate tax breaks. Not just companies received those breaks, by the way. Student loans are just the tip of the ice burg when discussing government programs. 'Trickle Up Economics' has a nice ring to it. Perhaps that concept will be fleshed out someday to the benefit of us all. With the consumer economy we currently have I wouldn't expect very many people to do other than spend it on stuff.

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ORIGINAL: DesideriScuri

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ORIGINAL: hlen5
The beginnings of the economic meltdown were being predicted in 2007. How was this Barry's fault again?
On the other hand, the whole of Congress couldn't account their way out of a paper bag.
They're all corporate-paid whores.

A couple things... Ron Paul was warning about the impending bubble bursting in the early 2000's. W wanted increased regulations on Fannie and Freddie in the mid-2000's. Congress ignored both. When the D's took over in '07, Bush again went and asked for more oversight for Fannie and Freddie. Congress ignored him again.

This started in the 70's. It was made worse by Clinton. It was made worse by Bush 43. It was made worse, yet again, by the D Congress and Bush. O and the D's haven't done a damn thing about the governmental intrusions that are at the core of the problem. Unfortunately...actually, "Sadly"... had we elected the R in 2008, government still would have made the wrong steps and I don't know that we'd be much better off now.

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ORIGINAL: SadistDave

Last year the idiot and his regime managed to get America's credit rating lowered for the first time in history. As of Thursday America's credit rating has been lowered again. It doesn't look like little Barry will be able to blame Predsident Bush this time. Not that anyone with an ounce of sense believed Obama when he tried to blame President Bush for it the first time...

The Democratic Party must be so proud of themselves right now...

-SD-