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Bush to promise a tax cut ?; Wrong policy !
Topic Started: Mar 10 2006, 04:44 AM (443 Views)
mirabilis
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Junior Carp
Quote:
 
"These are the basic ideas that guide my tax policy: lower income taxes for all, with the greatest help for those most in need".



Boy, the man is so wrong !

[size=7]Taxes will keep the democracy on the march ![/size]


http://video.google.com/videoplay?docid=2857278388843745235

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QuirtEvans
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I Owe It All To John D'Oh
Unfortunately, to W, those most in need are billionaires.
It would be unwise to underestimate what large groups of ill-informed people acting together can achieve. -- John D'Oh, January 14, 2010.
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mirabilis
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QuirtEvans
Mar 10 2006, 02:49 PM
Unfortunately, to W, those most in need are billionaires.

You didn't watch the video, did you ?
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QuirtEvans
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I Owe It All To John D'Oh
Nope. I got one of those bank spyware things from something I downloaded here, I don't know what, so now I'm very wary about that sort of thing.
It would be unwise to underestimate what large groups of ill-informed people acting together can achieve. -- John D'Oh, January 14, 2010.
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Larry
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Mmmmmmm, pie!
QuirtEvans
Mar 10 2006, 04:49 AM
Unfortunately, to W, those most in need are billionaires.

And in one sentence, Quirt shows us why Democrats don't understand economics.
Of the Pokatwat Tribe

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Mark
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HOLY CARP!!!
That is, without a doubt, the most disgusting cartoon I have ever seen.

:puke:
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When I see an adult on a bicycle, I do not despair for the future of the human race. H.G. Wells
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Rockitman
Junior Carp
"And in one sentence, Quirt shows us why Democrats don't understand economics. "

Please do give us an Econ 101 lesson then.

Does our national debt and growing deficit not worry you a bit?

Do you have children? Is it ok for this country to keep dumping our debt on the future generations?
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kenny
HOLY CARP!!!
I watched the film.

I'm selling my house, piano and car and cashing in my savings and sending it to Uncle Sam!

Taxes to beat the Axis!

Rah Rah Rah!
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ivorythumper
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I am so adjective that I verb nouns!
Mark
Mar 10 2006, 09:21 AM
That is, without a doubt, the most disgusting cartoon I have ever seen.

:puke:

"Factories making guns
machine guns
anti tank guns
long range guns
Guns, guns, all kinds of guns
to blast the aggressors from the seas"

"Taxes to bury the Axis"

At least back then the propaganda was upfront and direct.

The dogma lives loudly within me.
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ivorythumper
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I am so adjective that I verb nouns!
Rockitman
Mar 10 2006, 10:17 AM
"And in one sentence, Quirt shows us why Democrats don't understand economics. "

Please do give us an Econ 101 lesson then.

Does our national debt and growing deficit not worry you a bit?

Do you have children? Is it ok for this country to keep dumping our debt on the future generations?

Go read "The Creature From Jekyll Island" about how the Fed works. Deficit spending and national debt are not going to bankrupt America or saddle future generations with economic problems.
The dogma lives loudly within me.
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Larry
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Mmmmmmm, pie!
Please do give us an Econ 101 lesson then.
Ok, I will.

Does our national debt and growing deficit not worry you a bit?
Not really.

Do you have children?
Yes, I have 9 of them. Want to make something of it?

Is it ok for this country to keep dumping our debt on the future generations?

Another dumb idea you democrats have. Let's talk about dumping our debt on future generations for a moment. The single largest drain on our economy is the socialist state you brain dead liberals have burdened this nation with. Want a surplus? Stop draining the nation's pockets supporting people who do not and will not carry their own weight. Stop draining our pockets to take care of people cradle to grave who do not and will not get off their ass and produce. Do that, and you'll see surpluses as far as the eye can see.

What do you think government's role is, anyway? To be a nanny? No - government's role is to provide for our national security. I believe fighting the war on terrorism falls under that description. I do *not* believe spending billions of dollars providing for lazy, shiftless bums who won't provide for themselves is a function of government. If you can show me where the Constitution says that's a function of government, I'd be interested in reading it.

Now, as for your whine about "tax cuts for the rich". Maybe you haven't looked at exactly who it is that's benefitting from the tax cuts. You *are* aware aren't you, that you can't cut taxes on people who aren't paying any damned taxes in the first place, aren't you? You are aware that the top 10% of the wage earners pay something like 90% of all the taxes paid, aren't you? Given that, who *deserves* a tax cut?

If we took all the available capital in the US and divided it equally the way you socialists think should be done, what do you think would happen? Those who had nothing before, your "poor and downtrodden" that were being so "mistreated" because of all those "evil rich people" would run through their money in about a year or so, and be flat on their asses all over again. Those who *used* to have enough capital to create jobs and produce goods wouldn't have the money to do so anymore, and the number of jobless, the number of homeless, would increase by huge numbers. Our economy would collapse.

You socialists need to actually learn something about economics before you start spewing your stupid "tax cuts for the rich" bull ****.
Of the Pokatwat Tribe

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Rockitman
Junior Carp


Why the Bush Tax Program is Bad for America

�� Taken as a whole, the Bush Administration’s Tax-Cut Agenda would divert $2.5 trillion dollars over the next decade from health care, Social Security, education and homeland defense. Instead, it would use the money for tax cuts that would mainly benefit the wealthiest Americans. Center on Budget and Policy Priorities (February 10, 2003)
�� The Bush program would take money from the Social Security Trust Fund to pay for tax breaks for millionaires.

Who Benefits?

�� The 226,000 Americans with an Adjusted Gross Income of over $1,000,000 would get an average tax cut of almost $90,000 from the Bush growth package alone --- while the middle 20% of the population would get a tax cut of only $256. (Urban-Brookings Tax Policy Center).
�� One half of the tax cuts derived from the Administration’s proposal to eliminate the tax on dividends and reduce capital gains would go to the top 1% of taxpayers—three fourths to the top 5%. (Citizens for Tax Justice)
�� 31% of the nation’s taxpayers would get no benefit from the Bush Tax Cuts and almost half (48%) would receive less than $100 in tax cuts. (Citizens for Tax Justice). Under the Bush proposal to cut dividend taxes, Bill Gates will receive $38 million per year in dividends tax-free. (Toronto Star, 2/9/03)

Fund National Priorities – Not Millionaires.
�� Medicare Prescription Drugs –The cost of the President’s $695 billion “growth” package alone, goes a long way toward providing a comprehensive Medicare prescription drug benefit to all seniors, without requiring them to join HMO’s.
�� Homeland Security – For less than 2% of the same $695 billion we could fully support state and local “first responders” in their efforts to prevent and respond to acts of terrorism. Instead the Bush budget falls $10 billion short in funding homeland security needs indicated in a comprehensive study by the Brookings Institution.
�� State and Local Governments -- State and Local Governments are drowning in a sea of red ink. As a result, massive cut backs are taking place in education, to health care, drug rehabilitation, and childcare.
�� Education – The President’s “No Child Left Behind” act has never been fully funded. For FY 2004, the President’s budget falls $6 billion short of the $18.5 billion called for by the Act. (CRS)
�� Social Security – The Bush Tax Cuts are coming out of the Social Security Trust Fund. If nothing is done, in about 40 years, Social Security will be able to pay only about three-fourths of promised benefits. For half the cost of making the 2001 tax cuts permanent we could erase the entire shortfall in Social Security. (Center on Budget and Policy Priorities)
�� Unemployment – Over the past two years, the economy has lost more than 2 million private sector jobs. Despite this, the President’s budget does not provide for extensions of unemployment insurance for all affected workers.
Would the Bush Tax Cuts Stimulate the Economy?
�� No. Over 450 economists – including 10 Nobel Prize winners – have signed a letter saying that the Bush Tax Cut Plan will not provide a short-term economic stimulus. In addition it will worsen the long-term budget outlook, reducing the government’s ability to finance Social Security, Medicare, investments in schools, health, infrastructure and basic research.
What will the deficits caused by the Bush Tax Cut Plan Mean for Future Generations?
�� Just the costs of the current new Bush Tax Cuts (not including extended Alternative Minimum Tax relief) will be $1.8 trillion over the next decade. This will pass on to future generations budget deficits as far as the eye can see and will double the size of the national debt to over $7 trillion a decade from now. (Citizens for Tax Justice).
�� If the Administration is unable to give America an estimate of the costs of a War in Iraq, how could Congress responsibly decide to cut taxes?
Is it morally defensible to give huge tax breaks to the wealthy while our nation is at war?
�� A time of war is a time of sacrifice. Never in our nation’s history have we given tax cuts to the most fortunate Americans while we sent our sons and daughters into battle. It is morally indefensible to give tax cuts to the wealthy at a time of national crisis.
Is the Economic and Political situation different today than it was when the first Bush Tax Cuts passed two years ago?
�� YES. We have gone from surpluses to huge budget deficits, state and local governments are swamped with red ink, there is a prospect of an expensive war and the last tax cut did nothing for the economy.


Is this all just a crock of crap then?
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Larry
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Mmmmmmm, pie!
Quote:
 
Is this all just a crock of crap then?


Yes, in fact it is.

Of the Pokatwat Tribe

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John D'Oh
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MAMIL
Mark
Mar 10 2006, 11:21 AM
That is, without a doubt, the most disgusting cartoon I have ever seen.

:puke:

Mark, did you object to the propoganda, or to the idea that they needed to raise the money to get rid of Hitler by way of taxation?

I can understand distaste for the former, although to me it just looks a bit silly and naive, however I think that an increase in taxation was a small price to pay, considering what the people who were in physical contact with the enemy had to give up.
What do you mean "we", have you got a mouse in your pocket?
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Mark
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HOLY CARP!!!
The propaganda was laughable.

It's the idea that they were brainwashing the populace to believe that the income tax was something that we should be happy and proud to pay!

It worked real well apparently because most of you still believe it..

:veryangry:
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When I see an adult on a bicycle, I do not despair for the future of the human race. H.G. Wells
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John D'Oh
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MAMIL
Mark
Mar 10 2006, 01:52 PM
The propaganda was laughable.

It's the idea that they were brainwashing the populace to believe that the income tax was something that we should be happy and proud to pay!

It worked real well apparently because most of you still believe it..

:veryangry:

At the time they were also asking people to be proud to serve, and in many cases be injured or die. I'd rather pay than die, whatever it says on New Hampshire licence plates. I think that making someone proud to contribute is no bad thing, even if the contribution is only a financial one.

War ain't cheap, and if you rely on charitable donations, the chances are you won't win.
What do you mean "we", have you got a mouse in your pocket?
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Mark
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HOLY CARP!!!
It's not about the money John.

It's the method of assessment and collection that is antithetical to freedom itself.
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When I see an adult on a bicycle, I do not despair for the future of the human race. H.G. Wells
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George K
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Finally
Who Pays What

Posted Image

"Between 1979 and 2003, the share of income taxes paid by the highest-earning quintile jumped from 65 percent to 85 percent. Their share of all taxes paid (includ­ing social insurance, cor­porate, and excise taxes) increased from 56 percent to 66 percent. Upper-income taxpayers are pay­ing more, not less, of the tax burden."

Posted Image
"...from 2000 to 2003, the share of all individual income taxes paid by the bottom 40 percent dropped from zero percent to –2 percent, meaning that the average family in those quintiles received a subsidy from the IRS. By contrast, the share paid by the richest quintile increased from 81 percent to 85 percent. Clearly, the tax cuts have led to the rich shouldering more of the income tax bur­den and the poor shouldering less."
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- Mik, 6/14/08


Nothing is as effective as homeopathy.

I'd rather listen to an hour of Abba than an hour of The Beatles.
- Klaus, 4/29/18
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John D'Oh
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MAMIL
Mark
Mar 10 2006, 02:27 PM
It's not about the money John.

It's the method of assessment and collection that is antithetical to freedom itself.

I understand where you're coming from, Mark, and under normal circumstances I have some sympathy for the viewpoint. I just feel that desperate times call for desperate measures, such as conscription and taxes. :)
What do you mean "we", have you got a mouse in your pocket?
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QuirtEvans
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I Owe It All To John D'Oh
For shame, George. If you're going to publish propaganda like that, at least include the source.
It would be unwise to underestimate what large groups of ill-informed people acting together can achieve. -- John D'Oh, January 14, 2010.
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tcmod
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Senior Carp
I could have hired 5 new employees for what I paid in taxes last year.

thanks IRS :thumb:
Dead girls don't say no, but you still have to buy them flowers
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George K
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Finally
QuirtEvans
Mar 10 2006, 03:11 PM
For shame, George. If you're going to publish propaganda like that, at least include the source.

Propoganda from the Congressional Budget office - put into a chart from tables.

http://cbo.gov/ftpdocs/70xx/doc7000/12-29-FedTaxRates.pdf
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"Now look here, you Baltic gas passer... "
- Mik, 6/14/08


Nothing is as effective as homeopathy.

I'd rather listen to an hour of Abba than an hour of The Beatles.
- Klaus, 4/29/18
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