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Romney hasn't even laid out his tax plan yet. You're basing this off of a Democratic backed/tax group that set models up and on conjecture came up with a hypothesis. Obama is going around using this as a straight up fact which it's not. If Obama gets his way, he will raise taxes on the rich and continue to keep moving the percentage up, until it runs the wealthy and business owners right out of the country. Once that happens, who do you think will have to carry the tax load, the middle class.
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Romney hasn't even laid out his tax plan yet. You're basing this off of a Democratic backed/tax group that set models up and on conjecture came up with a hypothesis. Obama is going around using this as a straight up fact which it's not. If Obama gets his way, he will raise taxes on the rich and continue to keep moving the percentage up, until it runs the wealthy and business owners right out of the country. Once that happens, who do you think will have to carry the tax load, the middle class. -
Fact is that the so-called "job creators"
aren't creating any jobs at all, and haven't created any actual living wage jobs in years.
Or - like Mittens himself - any jobs they have created have been in India, China, or some other third world sweatshop Heavenhole where they can pay $6.66/per day.
When tax rates on corporations and the rich were more reasonable, the rich put money back into their businesses to avoid paying taxes, but at least they were contributing to the economy because there were actual living wage jobs, and at least the folks working those jobs paid taxes.
Now the rich are sitting on the money, dodging the taxes, and the people working for $6.66/hr at WalMart don't make enough money to pay taxes, which means NOBODY is actually paying for the fucking government to function correctly.
And 30 years of results tells us that this ain't working.Eternally Under the Authority of Satan
Originally posted by SockfuckerComment
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Last time I checked, these tax cuts for the wealthy weren't helping to create jobs.Comment
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"I have heard there are troubles of more than one kind. - Some come from ahead and some come from behind. - But I've bought a big bat. I'm all ready you see. - Now my troubles are going to have troubles with me!" ~ Dr. SeusssigpicComment
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Ahhh but you are not comparing like with like there.
The UK does not have local income tax which Canada has at what 10% on top of all those? In the UK 2/3rds of local government spending comes from the central(federal) government the other 3rd from a a local tax based on the price of your house which is usually around $3k a year.
Once you add it all up there isn't a huge difference between the UK, Canada and the US who are all quite low by Western standards.
When I found this out I was quite surprised at how much Americans get ripped off because they don't get universal healthcare for their money, I guess because so much gets pissed away on defence.Last edited by Seshmeister; 08-08-2012, 04:46 PM.Comment
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If people would actually read and not assume, they would come to a very different conclusion on Romney's tax plan.
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I make a fair amount of money, basically towards the upper end of the middle class spectrum - enough to raise a family of 5 people and 2 dogs on and have cash in the bank afterwards. Over the last ten years, I've had a few issues about the "dwindling economy"...I think I've been lucky...I've steadily raised my stature and upgraded everything over the last seven or eight years or so, slowly, but surely. Should I be taxed higher? Yeah, absolutely. Nobody has managed to raise any argument to me yet explaining why they shouldn't...but as far as THAT kind of a tax rate is concerned, I think the realms of 75% should be reserved for guys like the Koch brothers, the Murdochs, the Gates, professional athletes, Hollywood's A-Listers...sorry, call me crazy, but nobody needs hundreds of millions of dollars, let alone billions. There's just no logical reason to have or need that much money, and no one individual person should ever need that much money.Twistin' by the pool.Comment
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I don't know much about French politics, but I'm betting this is largely a faux political stance to assuage the socialist base there and probably won't ever happen...Comment
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Twistin' by the pool.Comment
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And if you're not confident in the economy, you won't buy shit. And employers won't take the chance on expanding, and so on.....
Economics comes down to confidence more than almost anything else. Most of us don't really understand it, and the more the media and talking heads discuss recession, the longer we'll be in one.The Power Of The Riff Compels MeComment
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I also place a lot of the blame on the media itself. Like binnie mentioned, a lot of the "economy" (fickle bitch that she is) depends on what people THINK about it. A good economy doesn't really get people terribly excited, but a bad one does. Everybody slows down to look at a train wreck, right? The media tells you the economy is bad - you believe it, because they must be telling the truth. So you don't buy stuff - you save what money you have. You're not pumping anything into small or large business any more than you absolutely have to, so as a panic measure, those corporations start killing jobs, outsourcing overseas to cheaper labor and shutting down locations to save their own money...and that's where capitalism eventually fails. Unless the media decides to convince us the economy is better (which they probably won't), it's going to keep on this way.
That's why I try to tell people how great the economy is. I'm doing my part!Twistin' by the pool.Comment
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Gotcha...so then you do not have like a provincial tax?Ahhh but you are not comparing like with like there.
The UK does not have local income tax which Canada has at what 10% on top of all those? In the UK 2/3rds of local government spending comes from the central(federal) government the other 3rd from a a local tax based on the price of your house which is usually around $3k a year.
Once you add it all up there isn't a huge difference between the UK, Canada and the US who are all quite low by Western standards.
When I found this out I was quite surprised at how much Americans get ripped off because they don't get universal healthcare for their money, I guess because so much gets pissed away on defence.
Here every province taxes at a different level...the Feds then use Federal Transfer Payments to help even out the provinces...Comment
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