Ok… so someday you hope to be making $250,000…
So you’re mad at the Obama tax cut which helps you now?…
…………………
I suppose that is what happens when running a troubled campaign and one grasps at straws… Sort of like a surprise VP nomination, right?
Four years of impulsive guesses does not make a viable strategy….
kavips 
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October 21, 2008 at 5:13 pm
Duffy
No, it’s more than that. It’s the idea of squeezing people simply because they have succeeded. To me, it’s Obama wanting to buy himself goodwill. There are fewer rich people so taxing them to death to give it to people on the bottom helps him politically. Second, I really don’t like the idea of the government being Robin Hood. We need to be very careful about handouts. We’ve gone from a nation of people too proud to take a handout to a nation of “gimme gimmes”. There are people who genuinely need help but I think there are far too many people using the safety net as a hammock. Lastly, the idea that you’re taxing people who make $250,000 when I’m not tells me you want to keep success from me. The government wants to set the bar too high for me to reach it.
To put it another way: It may be in my best interest to vote for Obama. He will cut my taxes and give me “free” health care and unicorns and rainbows for all. I’m not voting for him. I’m putting my self-interest aside and voting for what I believe are the best interests of the country. You may think I’m wrong but it’s puts to rest the idea that Democrats are selfless and Republicans/Libertarians are selfish.
October 22, 2008 at 12:32 am
kavips
Lastly, the idea that you’re taxing people who make $250,000 when I’m not tells me you want to keep success from me.
That is a weird thought, can you explain it? It sounds like a case of misplaced envy…….
But would that stop you from making more money, because you will be paying more in taxes. That makes no sense to me… I’m still trying to get a “wrap” around it.
October 22, 2008 at 5:16 pm
Duffy
It means simply that the more I make the more they punish me for my success. It’s Harrison Bergeron writ small.
October 22, 2008 at 7:22 pm
kavips
Not quite… the difference is in degree.. If you are still able to marginalize your “betterment” by getting better, it is still worth the attempt..
Your reference to pure equality makes sense, after all, that is what we learned kept the communist system economically behind… Instead of waiting in line for cheap Chinese goods, as we do today, they waited in line for one loaf of bread…
But we are talking about 3-5% of every extra dollar earned… meaning that one would still be making 67% instead of 70% of all that extra money that one did not really even need….anyhow… And for that, one gets prosperity in which he can earn even more
dollarssixty-seven cents…..October 22, 2008 at 8:48 pm
Duffy
No the marginal rate is the problem. If Obama gets his way we’ll see top marginal rates that are very very high and leave you 3-5% of every dollar.
Then again, I don’t even agree with the notion of income tax brackets. Flat tax is fair tax. Flat tax is progressive. Flat tax is simple. Flat tax discourages cheating and eliminates loopholes.
October 22, 2008 at 10:29 pm
kavips
You mean a tax of 97%…. That’s not true.. Basically all Obama calls for… is going back to the tax rate under Clinton. Remember those years…. when income rose for all levels of American society? When Wall Street honored Bill Clinton for making them “so much money”? They honored him..
That is what we are talking about… To get there we just have to undo the Bush tax cuts which have led to over 30% or our budget just going towards interest…..
So with additional tax cuts we will have to borrow to pay for the borrowing….
Does any Republican think before they speak these days?
October 23, 2008 at 10:37 pm
Charles
Obama’s tax plan will destroy the Social Security system.
Obama says his income tax plan will lower taxes for 95% of Americans. There is just one problem with this, 40% of Americans already pay no income tax. Obama’s response to this is that these people pay Social Security tax. Well, that’s not income tax, but a contribution to their retirement plan. So if he wins and implements his tax plan, for the first time in the history of Social Security, 40% of the people who will get retirement benefits will have paid nothing for them. Social Security will then loose all pretext of being a retirement plan, and will become a national welfare program.
This will cause Social Security to lose public support in a massive way. Leave Social Security contributions out of income tax plans. If you take some peoples income taxes to pay others Social Security taxes, Social Security will be destroyed forever.
http://strategicthought-charles77.blogspot.com/2008/10/obamas-tax-plan-will-destroy-social.html
October 24, 2008 at 3:36 am
kavips
Obama’s plan doesn’t touch Social Security.