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Americans agree: The rich should pay higher taxes

JeanwahJeanwah Posts: 6,363
edited May 2011 in A Moving Train
http://money.cnn.com/2011/04/22/news/ec ... /index.htm
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  • mikepegg44mikepegg44 Posts: 3,353
    Jeanwah wrote:
    http://money.cnn.com/2011/04/22/news/economy/budget_taxes_poll/index.htm

    In other news the sky is blue and water is wet...

    I love it, ~45% of the public pay no federal income taxes and yet want others to pay more...
    that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
    It is terrifying when you are too stupid to know who is dumb
    - Joe Rogan
  • Jason PJason P Posts: 19,158
    AND federal spending needs to decrease by 20%.

    If taxes are raised and spending is not cut, then in five years the title of the article will be "The Middle Class Should Pay Higher Taxes"
    Be Excellent To Each Other
    Party On, Dudes!
  • gimmesometruth27gimmesometruth27 St. Fuckin Louis Posts: 23,303
    Jason P wrote:
    AND federal spending needs to decrease by 20%.

    If taxes are raised and spending is not cut, then in five years the title of the article will be "The Middle Class Should Pay Higher Taxes"
    no, at the current rate in five years there will be no middle class, while the rich get richer.
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • Jason PJason P Posts: 19,158
    gimmesometruth27 wrote:
    Jason P wrote:
    AND federal spending needs to decrease by 20%.

    If taxes are raised and spending is not cut, then in five years the title of the article will be "The Middle Class Should Pay Higher Taxes"
    no, at the current rate in five years there will be no middle class, while the rich get richer.
    I really think it is ludicrous to say there will not be a middle class in five years and the only way to avoid it is to raise taxes. For a family of three, the federal poverty level is $18,500 (personally, I would consider $25K to be the mark). According to the stats I've seen thrown around, the rich comprise 2% of the nation, which means 98% of the U.S. population would have to be filling out McDonald's applications by 2016.

    It seems like the concept of a shrinking middle class is a fear tactic by the democrats to help them win support from the middle class. If the economy continues to rebound, the middle class will regain strength. Raising taxes will not help preserve the middle class.
    Be Excellent To Each Other
    Party On, Dudes!
  • ahill721ahill721 Posts: 2,071
    gimmesometruth27 wrote:
    Jason P wrote:
    AND federal spending needs to decrease by 20%.

    If taxes are raised and spending is not cut, then in five years the title of the article will be "The Middle Class Should Pay Higher Taxes"
    no, at the current rate in five years there will be no middle class, while the rich get richer.

    Agreed, what a scary feeling. The focus needs to be directed on cutting spending (military) not just increasing taxes...
  • know1know1 Posts: 6,794
    Until they can state exactly where the additional money should go that comes from the rich paying more taxes, I will never take this seriously.

    Saying the rich need to pay more without any idea of where that money will go is just spiteful, in my opinion.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • gigii714gigii714 Posts: 27
    gimmesometruth27 wrote:
    Jason P wrote:
    AND federal spending needs to decrease by 20%.

    If taxes are raised and spending is not cut, then in five years the title of the article will be "The Middle Class Should Pay Higher Taxes"
    no, at the current rate in five years there will be no middle class, while the rich get richer.

    So TRUE!
  • JeanwahJeanwah Posts: 6,363
    gimmesometruth27 wrote:
    Jason P wrote:
    AND federal spending needs to decrease by 20%.

    If taxes are raised and spending is not cut, then in five years the title of the article will be "The Middle Class Should Pay Higher Taxes"
    no, at the current rate in five years there will be no middle class, while the rich get richer.

    There already is no middle class, no? And the reason for this? Reagan era tax cuts. Thank you Ronald, for putting it all into place.
  • gimmesometruth27gimmesometruth27 St. Fuckin Louis Posts: 23,303
    Jason P wrote:
    gimmesometruth27 wrote:
    Jason P wrote:
    AND federal spending needs to decrease by 20%.

    If taxes are raised and spending is not cut, then in five years the title of the article will be "The Middle Class Should Pay Higher Taxes"
    no, at the current rate in five years there will be no middle class, while the rich get richer.
    I really think it is ludicrous to say there will not be a middle class in five years and the only way to avoid it is to raise taxes. For a family of three, the federal poverty level is $18,500 (personally, I would consider $25K to be the mark). According to the stats I've seen thrown around, the rich comprise 2% of the nation, which means 98% of the U.S. population would have to be filling out McDonald's applications by 2016.

    It seems like the concept of a shrinking middle class is a fear tactic by the democrats to help them win support from the middle class. If the economy continues to rebound, the middle class will regain strength. Raising taxes will not help preserve the middle class.
    people who think raising taxes on the wealthy will not increase revenue into the budget are not grasping the simple concept that more money paid in and cutting spending (which 99% of everyone has already agreed to, obama included) will help to stem the budget shortfall. what do people at or near the poverty level do? they charge things on credit cards and get maxed out that way so that they will never be able to pay off that debt without cutting spending and generating substantially more income. the same can be said for this country. cut spending but RAISE MORE REVENUE, via taxing those that can afford it. and don't give me the B.S. about taxing job creators, because they have had these tax cuts nearly 10 years and where are the jobs?
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • gigii714gigii714 Posts: 27
    As defined by the government:

    The 2011 HHS poverty guidelines state the minimum level deemed necessary to achieve an adequate standard of living in 2011 is $23,500 for a family of four. Realistically forget owning a house, car, or having savings and or retirement funds

    While $110,000 is defined as highly compensated no matter how many you support.

    Not a real big range in my opinion.
  • gimmesometruth27gimmesometruth27 St. Fuckin Louis Posts: 23,303
    Jeanwah wrote:
    gimmesometruth27 wrote:
    Jason P wrote:
    AND federal spending needs to decrease by 20%.

    If taxes are raised and spending is not cut, then in five years the title of the article will be "The Middle Class Should Pay Higher Taxes"
    no, at the current rate in five years there will be no middle class, while the rich get richer.

    There already is no middle class, no? And the reason for this? Reagan era tax cuts. Thank you Ronald, for putting it all into place.
    agreed, reagan's economic policies and cold war spending have destroyed this country. 30 years of reaganomics have been an utter failure for anyone other than the wealthy. and these same policies are what the current crop of republicans would maintain if they ever get power again.
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • Jason PJason P Posts: 19,158
    gimmesometruth27 wrote:
    [
    people who think raising taxes on the wealthy will not increase revenue into the budget are not grasping the simple concept that more money paid in and cutting spending (which 99% of everyone has already agreed to, obama included) will help to stem the budget shortfall. what do people at or near the poverty level do? they charge things on credit cards and get maxed out that way so that they will never be able to pay off that debt without cutting spending and generating substantially more income. the same can be said for this country. cut spending but RAISE MORE REVENUE, via taxing those that can afford it. and don't give me the B.S. about taxing job creators, because they have had these tax cuts nearly 10 years and where are the jobs?
    99% including Obama have TOLD us they want to reduce spending, but 98% of them are lying and manipulating data so that it appears they are cutting spending, when in fact nothing has changed. The GOP went from $100B to $60B to $38B ... which actually turned out to be around $500M when the bullshit is sorted from the barley.

    Cutting money to programs means somebody is losing votes and donations. And our representatives would rather continue to spend then lose votes and end their careers.

    If they show us in next years budget that they can actually cut $100B (which is a drop in the bucket), and I may consider listening to the concept of raising taxes. Until then, they can screw off.
    Be Excellent To Each Other
    Party On, Dudes!
  • mikepegg44mikepegg44 Posts: 3,353
    gimmesometruth27 wrote:
    Jason P wrote:
    gimmesometruth27 wrote:
    no, at the current rate in five years there will be no middle class, while the rich get richer.
    I really think it is ludicrous to say there will not be a middle class in five years and the only way to avoid it is to raise taxes. For a family of three, the federal poverty level is $18,500 (personally, I would consider $25K to be the mark). According to the stats I've seen thrown around, the rich comprise 2% of the nation, which means 98% of the U.S. population would have to be filling out McDonald's applications by 2016.

    It seems like the concept of a shrinking middle class is a fear tactic by the democrats to help them win support from the middle class. If the economy continues to rebound, the middle class will regain strength. Raising taxes will not help preserve the middle class.
    people who think raising taxes on the wealthy will not increase revenue into the budget are not grasping the simple concept that more money paid in and cutting spending (which 99% of everyone has already agreed to, obama included) will help to stem the budget shortfall. what do people at or near the poverty level do? they charge things on credit cards and get maxed out that way so that they will never be able to pay off that debt without cutting spending and generating substantially more income. the same can be said for this country. cut spending but RAISE MORE REVENUE, via taxing those that can afford it. and don't give me the B.S. about taxing job creators, because they have had these tax cuts nearly 10 years and where are the jobs?


    the government should not have the right to simply take more money from people when they think they need it rather than simply spending what they take in...if I remember correctly federal income taxes account for about 40-45% of the budget if I am not mistaken...so even if we took in DOUBLE in the amount of tax revenue we will still be short...seriously...they take about 900+ billion from us and even if they took another 900 billion we would still be in a shortfall...individual income taxes aren't the problem... seriously...why does anyone think that will help...

    to all those that keep saying the rich can afford it and all that...what is a fair amount of the government to take someone else's money? What is the fair amount? people keep saying it is only 2-3 % and they are right...this time it is only 2-3%...how about next time they cannot control themselves..it will be 2-3% more...and then you add on that states also raising taxes on the so called rich, and a lot of them are looking at about half of what they make gone in taxes...that is fucking garbage...
    that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
    It is terrifying when you are too stupid to know who is dumb
    - Joe Rogan
  • gimmesometruth27gimmesometruth27 St. Fuckin Louis Posts: 23,303
    so how many more years are we going to stick with this failed economic strategy? it has already been 30 years of epic failure....
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • mikepegg44mikepegg44 Posts: 3,353
    gimmesometruth27 wrote:
    so how many more years are we going to stick with this failed economic strategy? it has already been 30 years of epic failure....


    Republicans and Democrats need to realize there is a limit to their fucking bank balance...Simply having a little higher tax rates on the rich than we would otherwise have is going to solve this economic crisis? if it were that simple don't you think they would have all done it by now? Devaluing the dollar with weak dollar policies is what hurts our economy more than anything else...if you create wealth you create jobs, if you simply give money away after printing it you may stimulate in the short term but what you also do is delay a problem that has now become bigger as inflation cannot help but grow...
    i don't know, Keynesian economics isn't perfect either, and simply taxing rich people more isn't going to solve an on going budget crisis...as I showed earlier they could about DOUBLE the amount they take in from the people and would still be over budget...don't you see, it isn't the amount they take, or even who they take it from that is causing the devaluation of the dollar which effects the poor and working class people more than the rich...

    ultimately i realize that no one system will be perfect, there will always be something to bitch about, but giving these boobs more money to fuck around with is not my idea of a solution to a problem that will continue until they realize they have to balance their check book
    that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
    It is terrifying when you are too stupid to know who is dumb
    - Joe Rogan
  • IdrisIdris Posts: 2,317
    We need stronger regulations (in the US), to try and help prevent people from becoming rich by corrupt means and methods. That should be our concern.

    I have no issue with people becoming rich when that money is made from hard work and honesty, and that is not something impossible to do.

    raise taxes on the rich? I am fully against that.
    --

    I think we also need to keep something very important in mind, the fastest growing religion in America is 'Consumerism', that is a problem. But only when we as a people are able to reach deep down inside and see what's really important. Only then will things truly progress for the better.
  • Sludge FactorySludge Factory Posts: 976
    mikepegg44 wrote:
    gimmesometruth27 wrote:
    so how many more years are we going to stick with this failed economic strategy? it has already been 30 years of epic failure....


    Republicans and Democrats need to realize there is a limit to their fucking bank balance...Simply having a little higher tax rates on the rich than we would otherwise have is going to solve this economic crisis? if it were that simple don't you think they would have all done it by now? Devaluing the dollar with weak dollar policies is what hurts our economy more than anything else...if you create wealth you create jobs, if you simply give money away after printing it you may stimulate in the short term but what you also do is delay a problem that has now become bigger as inflation cannot help but grow...
    i don't know, Keynesian economics isn't perfect either, and simply taxing rich people more isn't going to solve an on going budget crisis...as I showed earlier they could about DOUBLE the amount they take in from the people and would still be over budget...don't you see, it isn't the amount they take, or even who they take it from that is causing the devaluation of the dollar which effects the poor and working class people more than the rich...

    ultimately i realize that no one system will be perfect, there will always be something to bitch about, but giving these boobs more money to fuck around with is not my idea of a solution to a problem that will continue until they realize they have to balance their check book

    Your comments made me think of this:

    http://www.youtube.com/watch?v=d0nERTFo ... ety_mode=1

    Round 2

    http://www.youtube.com/watch?v=GTQnarzm ... ety_mode=1
  • The FixerThe Fixer Posts: 12,837
    mikepegg44 wrote:
    gimmesometruth27 wrote:
    so how many more years are we going to stick with this failed economic strategy? it has already been 30 years of epic failure....


    Republicans and Democrats need to realize there is a limit to their fucking bank balance...Simply having a little higher tax rates on the rich than we would otherwise have is going to solve this economic crisis? if it were that simple don't you think they would have all done it by now? Devaluing the dollar with weak dollar policies is what hurts our economy more than anything else...if you create wealth you create jobs, if you simply give money away after printing it you may stimulate in the short term but what you also do is delay a problem that has now become bigger as inflation cannot help but grow...
    i don't know, Keynesian economics isn't perfect either, and simply taxing rich people more isn't going to solve an on going budget crisis...as I showed earlier they could about DOUBLE the amount they take in from the people and would still be over budget...don't you see, it isn't the amount they take, or even who they take it from that is causing the devaluation of the dollar which effects the poor and working class people more than the rich...

    ultimately i realize that no one system will be perfect, there will always be something to bitch about, but giving these boobs more money to fuck around with is not my idea of a solution to a problem that will continue until they realize they have to balance their check book

    well put. I don't feel like I should have to pay more taxes because I work hard and have become successful at my job. especially when my hard earned tax dollars are going to welfare cases because people are lazy, uneducated, and addicted to drugs/alcohol.

    drug and alcohol testing for unemployment and welfare benefits would be a nice start. make people responsible for the choices they make in life.
  • inmytreeinmytree Posts: 4,741
    The Fixer wrote:
    mikepegg44 wrote:
    gimmesometruth27 wrote:
    so how many more years are we going to stick with this failed economic strategy? it has already been 30 years of epic failure....


    Republicans and Democrats need to realize there is a limit to their fucking bank balance...Simply having a little higher tax rates on the rich than we would otherwise have is going to solve this economic crisis? if it were that simple don't you think they would have all done it by now? Devaluing the dollar with weak dollar policies is what hurts our economy more than anything else...if you create wealth you create jobs, if you simply give money away after printing it you may stimulate in the short term but what you also do is delay a problem that has now become bigger as inflation cannot help but grow...
    i don't know, Keynesian economics isn't perfect either, and simply taxing rich people more isn't going to solve an on going budget crisis...as I showed earlier they could about DOUBLE the amount they take in from the people and would still be over budget...don't you see, it isn't the amount they take, or even who they take it from that is causing the devaluation of the dollar which effects the poor and working class people more than the rich...

    ultimately i realize that no one system will be perfect, there will always be something to bitch about, but giving these boobs more money to fuck around with is not my idea of a solution to a problem that will continue until they realize they have to balance their check book

    well put. I don't feel like I should have to pay more taxes because I work hard and have become successful at my job. especially when my hard earned tax dollars are going to welfare cases because people are lazy, uneducated, and addicted to drugs/alcohol.

    drug and alcohol testing for unemployment and welfare benefits would be a nice start. make people responsible for the choices they make in life.


    good point...perhaps we should do away will all social programs....

    I'm sure that will work out well...
  • The FixerThe Fixer Posts: 12,837
    inmytree wrote:
    The Fixer wrote:
    mikepegg44 wrote:

    Republicans and Democrats need to realize there is a limit to their fucking bank balance...Simply having a little higher tax rates on the rich than we would otherwise have is going to solve this economic crisis? if it were that simple don't you think they would have all done it by now? Devaluing the dollar with weak dollar policies is what hurts our economy more than anything else...if you create wealth you create jobs, if you simply give money away after printing it you may stimulate in the short term but what you also do is delay a problem that has now become bigger as inflation cannot help but grow...
    i don't know, Keynesian economics isn't perfect either, and simply taxing rich people more isn't going to solve an on going budget crisis...as I showed earlier they could about DOUBLE the amount they take in from the people and would still be over budget...don't you see, it isn't the amount they take, or even who they take it from that is causing the devaluation of the dollar which effects the poor and working class people more than the rich...

    ultimately i realize that no one system will be perfect, there will always be something to bitch about, but giving these boobs more money to fuck around with is not my idea of a solution to a problem that will continue until they realize they have to balance their check book

    well put. I don't feel like I should have to pay more taxes because I work hard and have become successful at my job. especially when my hard earned tax dollars are going to welfare cases because people are lazy, uneducated, and addicted to drugs/alcohol.

    drug and alcohol testing for unemployment and welfare benefits would be a nice start. make people responsible for the choices they make in life.


    good point...perhaps we should do away will all social programs....

    I'm sure that will work out well...

    the sense of entitlement in this country is disgusting
  • inmytreeinmytree Posts: 4,741
    The Fixer wrote:
    inmytree wrote:
    good point...perhaps we should do away will all social programs....

    I'm sure that will work out well...

    the sense of entitlement in this country is disgusting

    agreed...do away with those disgusting entitlement programs and the US will become the Utopia we all seek...

    right...?
  • The FixerThe Fixer Posts: 12,837
    inmytree wrote:
    The Fixer wrote:
    inmytree wrote:
    good point...perhaps we should do away will all social programs....

    I'm sure that will work out well...

    the sense of entitlement in this country is disgusting

    agreed...do away with those disgusting entitlement programs and the US will become the Utopia we all seek...

    right...?

    all I'm saying is that some people manipulate those systems and take advantage of said programs. as a taxpayer I have a problem with that. there should be guidelines in place to assure that those benefitting from these programs are deserving of the assistance they receive.

    any unemployed crackhead that gets knocked up expects govt assistance. that ain't right. the rich shouldn't have to fund that type of bullshit
  • JeanwahJeanwah Posts: 6,363
    The Fixer wrote:
    inmytree wrote:
    The Fixer wrote:
    the sense of entitlement in this country is disgusting

    agreed...do away with those disgusting entitlement programs and the US will become the Utopia we all seek...

    right...?

    all I'm saying is that some people manipulate those systems and take advantage of said programs. as a taxpayer I have a problem with that. there should be guidelines in place to assure that those benefitting from these programs are deserving of the assistance they receive.

    any unemployed crackhead that gets knocked up expects govt assistance. that ain't right. the rich shouldn't have to fund that type of bullshit
    Because the rich are so much better as a group of people... :roll:
  • The FixerThe Fixer Posts: 12,837
    Jeanwah wrote:
    The Fixer wrote:
    inmytree wrote:

    agreed...do away with those disgusting entitlement programs and the US will become the Utopia we all seek...

    right...?

    all I'm saying is that some people manipulate those systems and take advantage of said programs. as a taxpayer I have a problem with that. there should be guidelines in place to assure that those benefitting from these programs are deserving of the assistance they receive.

    any unemployed crackhead that gets knocked up expects govt assistance. that ain't right. the rich shouldn't have to fund that type of bullshit
    Because the rich are so much better as a group of people... :roll:

    do you think the welfare and unemployment programs work well?

    I'm guessing you think people deserve more handout programs
  • __ Posts: 6,651
    Warren Buffett's Tax Rate is Lower than His Secretary's
  • EdsonNascimentoEdsonNascimento Posts: 5,522
    Jeanwah wrote:
    Because the rich are so much better as a group of people... :roll:

    Thank you!!! Finally, someone on this thread giving us the recognition we deserve*

    * And by we I'm talking about the middle class that was originally defined as rich by the Obama gang.
    Sorry. The world doesn't work the way you tell it to.
  • inmytreeinmytree Posts: 4,741
    The Fixer wrote:

    all I'm saying is that some people manipulate those systems and take advantage of said programs. as a taxpayer I have a problem with that. there should be guidelines in place to assure that those benefitting from these programs are deserving of the assistance they receive.

    any unemployed crackhead that gets knocked up expects govt assistance. that ain't right. the rich shouldn't have to fund that type of bullshit

    I agree...I don't like it either...but just because some abuse the system doesn't mean all you utilize the system are lazy crackheads...
  • __ Posts: 6,651
    "Equality of opportunity has been on the decline..."

    http://www.youtube.com/watch?v=QLD0p1QpcI8
  • mikepegg44mikepegg44 Posts: 3,353
    edited May 2011
    _ wrote:
    Warren Buffett's Tax Rate is Lower than His Secretary's


    he books most of his income from capital gains...if he wanted to no one would stop him from paying more...but it is easy to say raise income tax levels when all your income comes from capital gains...Don't hear raise capital gains taxes higher...wonder why that is?
    Post edited by mikepegg44 on
    that’s right! Can’t we all just get together and focus on our real enemies: monogamous gays and stem cells… - Ned Flanders
    It is terrifying when you are too stupid to know who is dumb
    - Joe Rogan
  • The FixerThe Fixer Posts: 12,837
    inmytree wrote:
    The Fixer wrote:

    all I'm saying is that some people manipulate those systems and take advantage of said programs. as a taxpayer I have a problem with that. there should be guidelines in place to assure that those benefitting from these programs are deserving of the assistance they receive.

    any unemployed crackhead that gets knocked up expects govt assistance. that ain't right. the rich shouldn't have to fund that type of bullshit

    I agree...I don't like it either...but just because some abuse the system doesn't mean all you utilize the system are lazy crackheads...

    which is why I brought up drug/alcohol testing 5 posts ago :?

    I knew you'd come around and see the light
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