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kraft-t
Senior Advisor

Re: Republican mantra: Tax cuts will create jobs Reality: NOPE

So you're not going to invest in your business or buy fertilizer because you think the tax rate might be a little higher   I guess there are alot of farmers that are going to cur back on seed and chemicals and fertilizer because their incometaxes might be 3% higher.

 

I suppose some think like that but I would say they aren't very bright. The guy that invest almost $14K in that farm must be afraid of tax inceases as well.

 

What are you doing or not doing because of potential tax increases.

 

You folks sound like the CEP of Godfathers Pizza during the Clinton years. He predicted doom and gloom for the economy if the congress raised the minimum wage. Clinton went on to produce a booming economy and 22 million jobs created.

 

You scare tactics about killing business with tax increases excludes all of the boom years we had with higher taxes. The reagan era. Higher tax rates. The Clinton era, higher tax rates. GW Bush era lower tax rates. The Obama era still lower tax rates plus stimulus check back to the citizens. So much for prosperity brought on by tax cuts.

 

I recommend letting all the current tax rates expire. I don't care what Obama promised. IT's about time we recognize that we have top pay for government. The return to the Clinon era tax rates is good start..

r3020
Senior Contributor

Re: Republican mantra: Tax cuts will create jobs Reality: NOPE

Tom, thanks for letting everyone know, but what you think of me is really none of my business.

r3020
Senior Contributor

Re: Republican mantra: Tax cuts will create jobs Reality: NOPE

Mr Kraft, if you are debt up to your eyeballs, in danger of losing your farm, are you going to buy a brand new combine or look for a used one for far less money? This country has to get a handle on spending if we wish to prosper.

tomtoolbag
Veteran Advisor

Re: Republican mantra: Tax cuts will create jobs Reality: NOPE

  3020, I don't think you actually hate anyone, myself included, I think you enjoy being confrontational and your personal bias towards certain people because of religion, politics or other things is deeply entrenched from people that you trust or something that you believe in. You look at the effects and point to a cause or group that you have predetermined for your blame, partly because that you want to, but because you probably don't know the true source.

   That said, I want you to do me a favor and listen to the link to understand where our country is headed along with why we are in the position that we are now. Elizabeth Warren is a VERY smart woman, and her specialty is research and collating data, even though she's a lawyer. The presentation that she does is very informative, and look past the issue of any position that she currently holds now in government, and focus on the data.

 

http://www.youtube.com/watch?v=akVL7QY0S8A

 

  Since 1980 the extremely wealthy have used our government to increase not only their wealth, but where it comes from. I know that Reagan was president then and you MUST look past your ideology and recognize that Reagan was just the conduit for the actions, much like Obama is now. Another great source of info is the following link because it's just a compilation of data,and not something that comes to a predetermined  point of blame.

 

http://www.mybudget360.com/

 

After you browse that website and have watched her presentation, you'll better understand things, and will hopefully engage in some better dialogue about the problems we face as a society.

r3020
Senior Contributor

Re: Republican mantra: Tax cuts will create jobs Reality: NOPE

Mrs. Warren did a good job of describing where we are but didn't give much insight as to how we got here or where we were going. Three that stood out. She talked about the drastic increase in cost of housing, education, and health insurance. Housing and education both of which are heavily, heavily subsidised by the federal government. Health insurance, which is the same thing as socialised medicine run by private business. All 3 three are causing the failing of the middle class. All three are heavily socialised. She also talked about how the middle class becomes poor. Yes, some is do to bad luck but she failed to mention how much was caused by personal choices of the lifestyle those middle class folks choose to live. I saw nothing in her views that makes me believe tax rates are too low. The reason most so caller "rich" people are rich is because of their work ethic and personal choices. It is not because they didn't pay taxes.

tomtoolbag
Veteran Advisor

Re: Republican mantra: Tax cuts will create jobs Reality: NOPE

  She explains where we are now as opposed to one generation ago and how much it takes to maintain the same standard of living or even improve it.

  But the website that I referred you to has numerous articles that show how wealth is and has been transferred up, to the point where the difference between the poor and the top 1% is the greatest that it has ever been. I don't feel as though the government should act as the "great equalizer of wealth and opportunity", but I don't like that your and mine mandatory payments(income taxes) are shifted to the super wealthy and corporations. Just this last week Warren Buffet came out and said thank you to the government for the bailout of the economy, but look at the massive amounts of money that went to entities that he owns or has an interest in. The reason I like that website is because if gives facts and data without some political slant or are disseminated to point to a group or political party for blame.  He shows current trends and where money goes so you can determine why. 

r3020
Senior Contributor

Re: Republican mantra: Tax cuts will create jobs Reality: NOPE

The bailouts were the largest attack on capitalism in American history. We allowed to wealthy to privatise gains at the same time they were socializing losses. I have lost all respect I ever had for Buffet.

ollie2655
Senior Contributor

Re: Republican mantra: Tax cuts will create jobs Reality: NOPE

dear surebutt --i bet you dont know but the tea party does not  get in to office till jan---and the fuhrer is still shaming america everywhere he goes and showing his TRUE colers

tomtoolbag
Veteran Advisor

Re: Republican mantra: Tax cuts will create jobs Reality: NOPE

  But they were par for the course for the corporate and wealthy crowd that uses the government as their own ATM machine. That website shows where they went to, and it wasn't to all the citizens but the top 1-2%, but yet we're all responsible for that debt.

 

  That's why I'm so against the tax cuts for $250,000 and above, because they have a steady stream of money coming to them for them giving political contributions(bribing) to politicians. It's bad enough that we're on the hook for every dollar that they gleaned from the government, but reward them with MORE tax breaks? Screw 'em.

  They won't be happy until everybody but the top 10% of citizens are broke or spending every penny that comes in like the working poor, all the while lowering their own tax liability to nothing and killing off the mainstays of the government that support the poor and elderly. I mean really, getting the middle-aged to seniors to actively support and campaign to cut the very benefits that they have financially supported throughout their working lives, and that maintain their standard of living and health that those same people are collecting now?? It's the use of mass marketing and semantics to get people to empower their masters, along with emotional issues.

  Look at Milligan for an example, and how he despises government power and control over him and the decisions affecting his life, but he not only supports empowering the same group of people that want that power and have used it time and again against him, he does their leg work for them. It's comparable to him building his own prison.

r3020
Senior Contributor

Re: Republican mantra: Tax cuts will create jobs Reality: NOPE

TARP didn't benefit everyone that makes over 250K. It benefited a few like Buffet who wants everyone else but him to pay taxes. MOST of the people who make over 250K have worked hard and smart their whole lives and have earned. If Buffet wants people to pay taxes then he should send his share holders a dividend check. The tax code is not suppose the be a mechanism to punish success, it is to fund government. If we wish to punish those who benefited from TARP, expose where every dollar went, prosecute any one who broke laws, and vote out of office those who voted for TARP.

 

I think like Craig. I want people is office who will take the power out of Washington and give it back to the people. The way to do that is with less money going to Washington. Money equals power. What do you think the health care debate is about? What do you think the cap and trade debate is about? What do you think the "climate change" debate is about? It is not about improving anything, it is about the amount of power Washington DC has over our lives.