OK gang, let's break this down in terms that EVEN the less than enlightened liberals can get a grasp on. NOW this requires some small amount of reasoning, common sense and the ability to work with sums of up to $100.00 :shock: So, if you're just not that intellectual and really can't do math, then go ahead and move left od center you're a true democrat. Here we go try to follow along, this is from an economics professor's analogy and it is TRUE. without further commentary............. Let's put tax cuts in terms everyone can understand. Suppose that every day, ten men go out for dinner. The bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3. The seventh $7. The eighth $12. The ninth $18. The tenth man (the richest) would pay $59. So, that's what they decided to do. The ten men ate dinner in the restaurant every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. "Since you are all such good customers," he said, "I'm going to reduce the cost of your daily meal by $20." So, now dinner for the ten only cost $80. The group still wanted to pay their bill the way we pay our taxes. So, the first four men were unaffected. They would still eat for free. But what about the other six, the paying customers? How could they divvy up the $20 windfall so that everyone would get his 'fair share'? The six men realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being 'PAID' to eat their meal. So, the restaurant owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay. And so: The fifth man, like the first four, now paid nothing (100% savings). The sixth now paid $2 instead of $3 (33% savings). The seventh now paid $5 instead of $7 (28% savings). The eighth now paid $9 instead of $12 (25% savings). The ninth now paid $14 instead of $18 (22% savings). The tenth now paid $49 instead of $59 (16% savings). Each of the six was better off than before. And the first four continued to eat for free. But once outside the restaurant, the men began to compare their savings. "I only got a dollar out of the $20," declared the sixth man. He pointed to the tenth man "but he got $10!" "Yeah, that's right," exclaimed the fifth man. "I only saved a dollar, too. It's unfair that he got ten times more than me!" "That's true!!" shouted the seventh man. "Why should he get $10 back when I got only $2? The wealthy get all the breaks!" "Wait a minute," yelled the first four men in unison. "We didn't get anything at all. The system exploits the poor!" The nine men surrounded the tenth and beat him up. The next night the tenth man didn't show up for dinner, so the nine sat down and ate without him. But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill! And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up at the table anymore. There are lots of good restaurants in Europe and the Caribbean. David R. Kamerschen, Ph.D Distinguished Professor of Economics 536 Brooks Hall University of Georgia
Don't belive it? here is something you will NEVER see CB do. Post a actual fact based link to back it up. From the IRS IRS Tax code
BAM!!! With that requirement, you just disqualified 99 of 100 liberals from participating before you even started.
The constant rant that apparently the most abused, oppressed, and sinned-against group in America are filthy rich people is perhaps the most idiotic of their many idiotic positions. The campaign against the graduated income tax makes no sense. It is very unhealthy for a society to constantly concentrate more and more wealth in the hands of fewer and fewer people. But the right wing want that trend to be accelerated greatly until there are just two classes-rich and poor. The tens of thousands of "Clinton millonaires" were doing just fine under the old pre-Bush tax system. There is no reason why people who make more should not pay more. If there is one thing that Reagan DID PROVE, it is that giving more tax cuts to the wealthy DOES NOT help the overall economy. It just helps those rich people live a more lavish lifestyle and puts more of the tax burden on the middle class and poor.
Cottonbowl, Any economy has fixed resources that have to be allocated to participants in that economy. Our economy does this apportionment based on creation of wealth - the more one creates, the more one gets. In other words, money is essentially proof of service to one's fellow man. The more you do, the more money you have. As you are obviously opposed to this method, I'm curious as to how you think those resources (wealth) ought to be allocated.
the fact is the top 1% is paying TEN TIMES what the bottom 50% is paying. read that twice if you must, cottonbowl66. cottonbowl66, what % of our tax revenue should come from the rich? the top 5% pay 53% of the bills. is that not enough? the poor hardly pay anything. if you claim that rich do not pay their share, you are simply a scoundrel, or incredibly ignorant. stop it.
The top 5% make huge amounts of money, control huge percentages of the wealth and can easily afford it, even assuming I believe your figures which I don't. I assume you are exaggerating and lying since you are nothing by a little right winger. At any rate, these people are not being oppressed or abused and are living lavish lifestyles as it is. By the standards of other industrialized countries, Americans are not heavily taxed. This is not a national problem. Again, if Reagan proved anything, it is that giving huge tax cuts to the rich does NOT make America stronger, does not invigorate the economy, and does nothing to improve society. The rich are doing fine. What you want is for each one of them to afford a new Mercedes every six months instead of every 12 as it is now. That is all your policies will accomplish. You are small minded people, with narrow views, and do not have a realistic outlook on the real challenges facing America so it can prepare for the future, and your views are at best, worthless, and at worst, destructive.
i actually said that you are a scoundrel or ignorant if you continue to believe that the rich do not pay their share. i would welcome you into the realm of the non-scoundrels if you had any intention of quitting with the infantile rich vs poor crap. as long as you continue be purposefully ignorant so you can make class warfare claims, i may as well talk to a monkey.
The only people participating in class warfare are you right wingers. The top 5% in take home pay are making considerably more than 10 times what the poor take home. The rich are not oppressed, their tax rates are not harming economic growth, and American tax codes under Bill Clinton resulted in the largest economic expansion in history and created huge numbers of new rich people, who were able to live lavish lifestyles under those policies. By comparison with other industrialized countries, American rich are not heavily taxed. In other words, you don't know what you are talking about. Anyway what you are doing is supporting Bush's childish, immature and selfish fiscal policies. His policy is to cut taxes on rich people drastically, raise domestic spending by huge amounts, and then pay for both of them by borrowing money. He plans to be long gone when the bills come due for his irresponsible fiscal policies. Defending him, as you are doing, is irresponsible on your part. Reagan proved you are wrong--cutting taxes on the rich and running up huge deficits hurts job creation and makes America less competitive. People like you think only of yourselves. You think the end all is that your taxes be cut. You see that as the only goal. You are immature, selfish, ignorant, and your views are dangerous for America.
