Obama says we need to "spread the wealth around"

unsung

The redistribution of wealth is why people don't want him. Why should we work harder so those on welfare can continue to be funded? Communism must be making a comeback.

http://www.breitbart.tv/html/195153.html

jimed14

communism? Hyperbolize much?

They are talking about returning taxes back to the levels that they were under Clinton, and rich people were doing just freakin' fine back then. Yet people want to act like it's some sort of 'give all your money to the goverment and they will dole it out in equal shares to each American' like plan.

I don't think people making over $250k are going to be severely hurt over a few point tax increase.

And don't even start how it's a disincentive to do better, because that's a huge crock of shit too.

South of Seattle

jimed14 wrote:

communism? Hyperbolize much?

They are talking about returning taxes back to the levels that they were under Clinton, and rich people were doing just freakin' fine back then. Yet people want to act like it's some sort of 'give all your money to the goverment and they will dole it out in equal shares to each American' like plan.

I don't think people making over $250k are going to be severely hurt over a few point tax increase.

And don't even start how it's a disincentive to do better, because that's a huge crock of shit too.

Yep.

unsung

jimed14 wrote:

communism? Hyperbolize much?

They are talking about returning taxes back to the levels that they were under Clinton, and rich people were doing just freakin' fine back then. Yet people want to act like it's some sort of 'give all your money to the goverment and they will dole it out in equal shares to each American' like plan.

I don't think people making over $250k are going to be severely hurt over a few point tax increase.

And don't even start how it's a disincentive to do better, because that's a huge crock of shit too.

So you think taxing a small business thousands more is acceptable?

jimed14

unsung wrote:

So you think taxing a small business thousands more is acceptable?

it's a few percentage points ... and Obama is helping small businesses in other ways ...

http://www.barackobama.com/issues/economy/#small-business

Support Small Business

Provide Tax Relief for Small Businesses and Start Up Companies: Barack Obama and Joe Biden will eliminate all capital gains taxes on start-up and small businesses to encourage innovation and job creation. Obama and Biden will also support small business owners by providing a $500 “Making Work Pay” tax credit to almost every worker in America. Self-employed small business owners pay both the employee and the employer side of the payroll tax, and this measure will reduce the burdens of this double taxation.

Create a National Network of Public-Private Business Incubators: Barack Obama and Joe Biden will support entrepreneurship and spur job growth by creating a national network of public-private business incubators. Business incubators facilitate the critical work of entrepreneurs in creating start-up companies. Obama and Biden will invest $250 million per year to increase the number and size of incubators in disadvantaged communities throughout the country.

dmitry

obese parasites for obama 08

South of Seattle

2% of people in this country make more than $250,000

70% of our economy is based on consumer spending. That in turn will help these businesses that are being taxed, by giving the middle class a little more money.

unsung

Give them money?

How about earn it?

You want to fix the financial mess you don't need to tax more. We need to STOP SPENDING MORE.

If you feel it is acceptable to tax people who work for a living more so that those who refuse to work can have more you are either too lazy to work or you are INSANE.

unsung

jimed14 wrote:

it's a few percentage points ... and Obama is helping small businesses in other ways ...

http://www.barackobama.com/issues/economy/#small-business

Obama and Biden will invest $250 million per year to increase the number and size of incubators in disadvantaged communities throughout the country.

Sure no problem, I'll pay for that. First off they must NEVER be able to accept government welfare again. No food stamps, no free health care. NOTHING. They are subject to random drug tests as well. No second chances for offenders.

I'm sick of paying for those that are nothing but human leeches.

South of Seattle

unsung wrote:

Sure no problem, I'll pay for that. First off they must NEVER be able to accept government welfare again. No food stamps, no free health care. NOTHING. They are subject to random drug tests as well. No second chances for offenders.

I'm sick of paying for those that are nothing but human leeches.

I don't think anyone, regardless of political affiliation wants to pay for welfare leeches and the like.

The welfare system in our country is pretty fucked IMO.

catefrances

South of Seattle wrote:

I don't think anyone, regardless of political affiliation wants to pay for welfare leeches and the like.

The welfare system in our country is pretty fucked IMO.

well thank fuck the welfare system in my country is there. if it werent, strangers would be raising my children whilst i worked my guts out to pay them to do so. and all the while studying fulltime as well.

Kann

unsung wrote:

The redistribution of wealth is why people don't want him. Why should we work harder so those on welfare can continue to be funded? Communism must be making a comeback.

Crying 'communism' everytime a politician says the word 'tax' isn't going to make the problems go away.

know1

I think small businesses are the backbone of this country's economy and I'm very wary of taxing them. First thing you know, the middles class will have a smaller tax burden, but will be out of jobs.

If we want the middle class to pay less, why don't we just lower taxes for them and not raise it for others?

OffHeGoes29

See you at the People's factory comrad....

This is one of the reasons why I'm not voting for him. I don't want to pay for other people any more then I already do. Hes a Dem all the way, which means higher taxes in the long run.

unsung

Kann wrote:

Crying 'communism' everytime a politician says the word 'tax' isn't going to make the problems go away.

The word 'tax' had nothing to do with it.

unsung

know1 wrote:

If we want the middle class to pay less, why don't we just lower taxes for them and not raise it for others?

Why not lower it for everyone and stop spending?

know1

unsung wrote:

Why not lower it for everyone and stop spending?

Even better.

inmytree

unsung wrote:

Sure no problem, I'll pay for that. First off they must NEVER be able to accept government welfare again. No food stamps, no free health care. NOTHING. They are subject to random drug tests as well. No second chances for offenders.

I'm sick of paying for those that are nothing but human leeches.

I'm sure you feel the same way about corporate welfare...

Right...?

justam

unsung wrote:

The redistribution of wealth is why people don't want him. Why should we work harder so those on welfare can continue to be funded? Communism must be making a comeback.

http://www.breitbart.tv/html/195153.html

It's better for everyone in America if we don't have a large number of people living in poverty.

Unless you started out in poverty and worked your way up, you don't know that you work harder than some poor person trying to feed his children with a low wage job. You just use that idea to justify your lack of compassion.

Strangest Tribe

it's INCOME tax!!!! Not small business tax. If you own a small business just don't pay your self more than $250,000.

MrMerkinball

BAR STOOL ECONOMICS

Suppose that every day, ten men go out for beer and 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 would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that's what they decided to do. The ten men drank in the bar 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 beer by $20.

Drinks for the ten now cost just $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 drink for free. But what
about the other six men - the paying customers? How could they divide the
$20 windfall so that everyone would get his 'fair share?'

They 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 drink his beer. So, the bar 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 pay $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 t han before. And the first four continued
to drink 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 I!'

'That's true!!' shouted the seventh man. 'Why should he get $10 back when I
got only two? 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 drinks, so the nine sat
down and had beers 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 anymore. In fact, they might start drinking
overseas where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D.
Professor of Economics, University of Georgia