Ryan, leading Republican, said Republicans would vote against rescinding the Payroll tax credit currently in place that reduces the amount each worker pays into his Social Security Fund. That amounts to between $12 and $22 dollars a week for the average worker. Or a family savings of $1248 to $2288 for the average family of two income earners…
Republicans want to increase families taxes up to $2288… But they lined up and said that millionaires would not pay one penny more in taxes as long as Republicans have voting power in the US Congress.
Democrats on the other hand, want to keep these tax cuts in place. arguing most families right now cannot afford an extra $1248 to $2288 dollars a year…. The say increase the tax on millionaires by the amount to balance the budget these tax breaks are growing the deficit.
Question is: who do you think should pay more in taxes… You? or millionaires…..
Are you beginning to feel buyer’s remorse for that Republican donation you once made way back when?
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October 5, 2011 at 5:00 pm
Paymon Khamooshi
Think of it this way: Let’s say you want the average millionaire to pay an extra $1m to the government. Think of different scenarios of how that $1m will eventually be spent on?
The government will perhaps spend it buying products and services from the most “politically correct” supplier, but with the least possible value. Such supplier will create a few jobs, but the types of jobs which carry little actual value and lots of a** kissing, bureaucratic paperwork, … – in other words the government will indirectly waste most of the $1m, but give the remaining actual value produced to “everyone”.
The millionaire however, will make the spending decisions in a way that benefits “himself”. He will invest the $1m in private business, leading to buying products and services from “good value suppliers” who have to be competitive, so wont’t waste time of their staff on bureaucracy and will in turn use suppliers who provide “good value”, who in turn ….
In other words, the millionaire will indirectly put the whole $1m to good work, benefiting a good number of people in his suppliers chain, and effectively creating real jobs and real wealth. Yes, in return he gets “return on investment” and becomes even more millionaire, only to get into the same loop… and effectively create more true wealth.
If I care about the nation getting richer, I prefer the millionaires to put the moneys at work. Let them get the illusion that they are getting “richer and richer”, while all they can really do with their “money” is to put it back at work by the people and create wealth and value that is used by the whole nation, directly or indirectly.
October 6, 2011 at 2:16 am
kavips
Answer me this: why didn’t it work?
We tried this in 1988… Got a recession…
We tried this in 2002….Got a net loss of jobs the entire 8 Bush years…
Now look at this:
We tried the opposite in 1992. We increased taxes. The total GNP grew from 5 trillion to 13 trillion..
Your argument sounds nice. But it is flawed. Better to look not at arguments but at history, and say: “what worked”… Upon finding that, saying “let’s do what they did” and then copying what those people did…
Your idea, sounds good in principal, but it failed in practice. It didn’t work when tried… Better to return to a higher tax rate and tax capital gains. If it causes us to fail, at least we’ll fail as good as we did during the Clinton years… which today, would be a big improvement to the middle class….
January 17, 2012 at 8:48 pm
jlue
Where do you go to find your information? This is so not right. How could you allow yourself to become convinced of something so absurd and unsupported by facts?
January 19, 2012 at 12:22 am
kavips
Hi jlue.
I find my information on the internet, from printed press releases, from newspapers, local, national, and foreign, from corporate brochures, and from personal conversations with stockbrokers, congressmen, congressional aides, the CBO, senators, senatorial aides, county government employees, country council members, labor union bosses, AFSCME employees, manufacturers, lobbyists, staff member who work for lobbyists, government workers, small business owners, bank executives, power company employees, vice presidents of energy companies, local members of the chamber of commerce, teachers, principals, parents, voters, and funeral home directors. Thank you for asking…. Speaking of getting information, where on earth do you get yours?
January 19, 2012 at 7:46 am
jlue
I find the best way to find out who is raising taxes on whom is look at the ones who actually have the power or ability to raise our taxes. That is Congress and the president. Look at what is going on in the legislature in committees and on the floor of the house and senate. Look at who voted for what in the past. C-span is often helpful, but there are websites that will give voting records of the past. Sometimes an executive order can actually raise revenue by imposing a fine or fee here or there. An example is in the Patient Protection and Affordable Health Care Act, when it was mandated that employers must cover children until they are 26 years of age, this cost is passed on the employees.These are hidden taxes we need to know about. I don’t see blaming that on one party. It is easy to use talking points but when we repeat a parties propaganda and talking points for them we are just adding to the problem. Saying that Democrats only want to raise taxes on millionaires sounds good, but it is inherently false. For one thing, millionaires will simple pass any tax increase down to those who work for them. To say that Republicans want to increase taxes on Middle Class people is absurd. This isn’t what they have done or propose doing. The truth lies somewhere hidden in all the tons of bureaucracy and paperwork and politicians continue to do what they do while we argue with one another and re-elect them. Americans are going to have to get more involved in knowing what is really happening and where the trillions of dollars of money we allowed our government to spend and call ‘stimulus’ if we expect anything to get better.
January 22, 2012 at 3:31 am
kavips
jlue:
Thank you for your response. I mean no disrespect but I see a couple of errors in your comment. For lack of time, let me jump right in and point them out…
One: websites supported by a certain business, often slant votes to ways that support that business. For example, often games are played to pin opponents to the wall. One particular one, was to tie something one party hated, like abortion funding, to a necessary defense bill. This put the other party in an ackward no-win position. You voted for this… (and the opponent is never given the opportunity to say, … because it would have ment I voted for “that”)…. I agree C Span is one vehicle that tends to show things as they really are.
Two, the cost of insuring children up to 26 years of age, does not cost any extra to employees. It is taken from the insurance companies. They have no need to raise prices. They make way too much already. They did fine on less than half as much profit the preceding past 5 decades….. I remember being happy with 3% profit…. To say children should die so they can make a lot more money? That’s is immoral. I’m shocked why anyone would support that.
On this, I agree; blaming one party or the other is pointless. Blaming the wealthy, is not.. They are the ones who have corrupted both parties in Congress. They are the ones who have allowed BIG MONEY to write the laws, and get them rubber stamped, and signed into law.
The links were included in my original article that illustrated just how the Republican party was advocating the raising of taxes on the middle class. and just how they reveled in the cutting of taxes on the wealthy. The same statement was corroborated by every single newspaper in America. I’m sorry if you missed it…
But I thought every American knew, how Republicans scuttled the deficit reduction act last summer, simply because it raised a teeney amount of taxes on the wealthy. They were also against the payroll tax that allegedly would help the middle class… I’m kinda shocked that someone who seems to watch C-span, missed this whole episode.
And it also appears you may not know that the National Health Care Act actually LOWERS the deficit, instead of raising it, and that this act actually makes achieving proper health care a lot more affordable for the middle class, instead of less, as the alternative private health care costs soar each and every day.