Federal Judge - "Not so fast, my friend."

Discussion in 'Free Speech Alley' started by Swerved, Jan 31, 2011.

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  1. SabanFan

    SabanFan The voice of reason

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    Yet, you feel they should pay more just because they can?
     
    SabanFan, Feb 17, 2011
    #101
  2. shane0911

    shane0911 Helping lost idiots find their village

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    Dang nabbit, I'm the rootinst tootinst meanest tax collector this side of the pecos

    :insane::insane::rolleye33:
     
    shane0911, Feb 17, 2011
    #102
  3. red55

    red55 curmudgeon Staff Member

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    Progressive taxation is as old as taxation itself. Otherwise we end up with a increasingly small number of people who hold an increasingly large portion of the country's wealth, as is happening now in the US.

    American democracy works best with a huge middle class and small rich classes and poor classes, as America has traditionally been. When it gets overloaded at the top, the middle class shrinks and the underclass swells . . . this is what led to the fall of the Roman Empire and many revolutions since.

    Progressive taxation favors the middle class, which is always good for America. The rich aren't hurt, they're still plenty rich. If the rich are farsighted and want to stay rich in a free country, then they have an interest in keeping the middle class viable and strong. The taxes they pay are worth it to them. They benefit more than anybody else from America's freedoms.
     
    red55, Feb 17, 2011
    #103
  4. SabanFan

    SabanFan The voice of reason

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    All true. But tax incentives for the rich are not necessarily a bad thing. They may make more money on "idle" income but the rich are still the ones that make capitalism go.
     
    SabanFan, Feb 17, 2011
    #104
  5. red55

    red55 curmudgeon Staff Member

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    Why do you believe this? All of us make capitalism go, especially the middle class and small businesses.

    You can sell me on tax incentives to accomplish something like charitable contributions or modernizing dirty factories. But the Bush tax cuts for the wealthy only incentivized them widening the gap between themselves and the middle class. It never trickles down. It was supposed to be temporary and it should die. Clearly it contributed to crashing the economy.
     
    red55, Feb 17, 2011
    #105
  6. LSUsupaFan

    LSUsupaFan Founding Member

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    You will have to proove that last statement. I don't think you can.
     
    LSUsupaFan, Feb 17, 2011
    #106
  7. SabanFan

    SabanFan The voice of reason

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    No sh!t.
     
    SabanFan, Feb 17, 2011
    #107
  8. martin

    martin Banned Forever

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    tax incentives always accomplish something becuase they leave money in the hands of those that earned it. and even if they do nothing but put it in the bank, that is more money the bank has to loan to other folks to spur the economy. it helps the economy when banks have money to lend.
     
    martin, Feb 17, 2011
    #108
  9. red55

    red55 curmudgeon Staff Member

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    [​IMG]

    [​IMG]
     
    red55, Feb 18, 2011
    #109
  10. LSUsupaFan

    LSUsupaFan Founding Member

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    That does not prove your previous statement. It doesn't even address the point. You said the deficits clearly contributed to the crashing economy, which of course is not clear at all. So again show the causation between Bush Tax Cuts and the 2008 economic collapse. I don't think you can.

    Also if the deficits Bush ran up were so terrible and caused the economic calamity we went through shouldn't Obama's approach not have been to run up even bigger deficits?

    You can't blame Bush deficits for the crash and credit Obama mega-deficits for the recovery.
     
    LSUsupaFan, Feb 18, 2011
    #110
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