GOP to Jobless: Drop Dead

[Fast_Eddie]

Originally Posted by whell

Just feeding my need to be devils advocate here:

Let's just tax anyone making over $250K at 100%.

Well, I know you're playing devil's advocate, but no one said anything like that. I've defended, for instance, Reagan dropping the top tax rate from 70 to 50%. At that time, 50% top bracket was considered an historic move down. I'm not buying this 46% rate you speak of, but what if that were the case? It's still lower than the rate Reagan initially dropped it to.

It's not an all or nothing deal. It's kind of silly to say that anything above 30% might as well be 100%.

If this 46% number is legit, I'd like to see some documentation. I might could think that was high. Not sure. But I don't believe it unless I see it. I haven't heard anything close to that.

Take care,

Ed

[noonereal]

Originally Posted by whell

And does anyone really believe that the BEST path to deficit reduction is raising taxes?

hook line and sinker

honest Whell this is just shocking

[Fast_Eddie]

Originally Posted by whell

And does anyone really believe that the BEST path to deficit reduction is raising taxes? We're already in a recession, so lets take money out of the economy where it might actually be put to use, just so we can make government flush?

I do *not* think higher taxes are the *best* way to address the deficit. They are part of the solution to the deficit problem, but, no, on the whole we'll have to cut spending to address the deficit. That's why programs like the health care bill that actually reduce the defict are so important.

I *do* however, feel that higher taxes are the best, and maybe *only* way to attack the debt. Paying back what we owe can only be done with actual capital. It has to come from somewehre. We're not paying enough now to pay for what we already spend. We'll have to make some "extra payments", as it were, to get out from under the debt.

[whell]

Originally Posted by noonereal

hook line and sinker

honest Whell this is just shocking

Its shocking that you believe its a good idea to tax our way out of this mess.

[noonereal]

Originally Posted by whell

Its shocking that you believe its a good idea to tax our way out of this mess.

Please review the first post of this thread. Everything you need to know about how to fix this mess is explained.

http://www.politicalchat.org/showthread.php?t=1909

[finnbow]

Originally Posted by whell

And does anyone really believe that the BEST path to deficit reduction is raising taxes? We're already in a recession, so lets take money out of the economy where it might actually be put to use, just so we can make government flush?

Actually the only path to deficit reduction is a combination of spending cuts and tax increases. We tried the big tax cut thingie about exactly 10 years ago. How'd that work out?

[whell]

Originally Posted by finnbow

Actually the only path to deficit reduction is a combination of spending cuts and tax increases. We tried the big tax cut thingie about exactly 10 years ago. How'd that work out?

So, we should raise taxes in the middle of an economic recession / depression? Even Krugman admits that when FDR did it, it lengthened the depression.

[finnbow]

Originally Posted by whell

So, we should raise taxes in the middle of an economic recession / depression? Even Krugman admits that when FDR did it, it lengthened the depression.

I didn't say that. However, I tire a bit of the tax cut panacea offered up by the GOP.

[BlueStreak]

Limbaugh says the rich don't pay taxes anyways.

He sure does a lot of bitching about paying taxes for someone who doesn't pay them anyways..................

Dave

[merrylander]

To begin with it is "anyone with a taxable income of $250,000" which is a hell of a lot different that earning $250,000. The broad assumption that all those rich folk spend their money creating jobs is laughable. Oh well, maybe they do create jobs, in Nice or Cannes, or anywhere along the Riviera.