The guy that won't show his taxes wants to "fix" ours???

Superfreak said:
That is typical liberal bullshit.

1) Doubling the standard deduction... greater benefit goes to lower and middle income families
2) Modification to mortgage deduction... hits the top 1%
3) Higher amounts per bracket in lower brackets benefits the lower and middle income families, the wealthy still have same upper brackets
4) Lowering the corporate tax benefits the lower and middle income families as the corporate tax is highly regressive.

The bottom 50% won't be paying any portion of the federal income tax.

Truly funny seeing your article proclaim the Reps are usually optimistic about their projections. Time and time again the Dems tout their plans as great for the economy only to discover what a drain they are. That is why the Dems didn't pay for the subsidies to Obamacare within the law itself. They instead watched Obama illegally subsidize the plans.
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Odd...you forgot cuts to Medicare/Caid to help fund the end of the alternative minimum tax, along with other goodies for the wealthy.
 
Craig234 said:
We are headed to another crash it seems - but the point I was making was that the rich recovered a lot more and faster, making it a wealth transfer. For the first years 100% or close to it of the recover went to the top few.
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Because they had the money to buy low, and ride the market back up.
 
Craig234 said:
You're gong from ideologue to dishonest ideologue.

In 1993, after 12 years of Republicans with Reagan/Bush, Clinton became president. He proposed a budget with different priorities, including a tax hike on the rich.

EVERY Republican leader - politician or pundit - predicted doom for the economy if it passed. Inflation would spike up, unemployment would shoot way up, growth would plummet, etc. Not one Republican voted for it.

Let's ask a simple question: do you agree with Clinton or all the Republicans about that budget's effects, and why?
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Agree about the Republican lies, but Clinton had the miracle that was the tech bubble. Hard to say what would have been.
 
Superfreak said:
and Clinton gave away the largest tax REDUCTION TO THE RICH. He cut the CAP gains tax from top rate of 28% to 20%. The higher you go up the scale, the more the income they derive from investments... not salary.
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Which gave birth to many of the gimmicks that crashed the economy. People devised ways to get rich quick on Wall St, instead of investing for the long term on start ups.
 
cawacko said:
Ummmm, politicians don't set the Fed rates. You can thank Greenspan "the Mistro" for the housing bubble and Bernanke and Yellen for QE, the cause of today's bubble
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Lots of bubbles. When do you think this one blowsUP in the dirty's face??
 
cawacko said:
That's not close to being it. Trillions of dollars have been "created" because of asset bubbles caused by the Fed. Cutting marginal tax rates does nothing of the sort.
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There are multiple factors, and the Fed is only one. Low tax rates on the rich affect inequality greatly.
 
Craig234 said:
There are multiple factors, and the Fed is only one. Low tax rates on the rich affect inequality greatly.
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The Fed is a major driver of our economy. Automation and globalization have created great wealth as well as driven inequality.

I live in California where we have among the highest tax rates of any state yet we have the highest poverty rate and massive inequality.

Yeah taxes play a role overall but it's a much smaller one. If your concern is inequality you're focused on the wrong issue
 
It would be nice if "Bill" would post/show his taxes. All jpp libs should post their taxes here so we can all see just how poor and needy they really are.

:palm:
 
cawacko said:
The Fed is a major driver of our economy. Automation and globalization have created great wealth as well as driven inequality.

I live in California where we have among the highest tax rates of any state yet we have the highest poverty rate and massive inequality.

Yeah taxes play a role overall but it's a much smaller one. If your concern is inequality you're focused on the wrong issue
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I live in California and very much disagree with the Fed as a big part of the issue (and CA only has the highest poverty rate when you adjust for cost of living - for example we have very generous healthcare for the poor with ~30% on free healthcare. Compare that to the rest states. It's a hell of a lot better. And we have something like 25% of all undocumented people in the US, as the country's leader in agriculture. So... ya, about the poverty, it's not as bad as it sounds. Our state works well overall.)

I think the country has far bigger problems now that Republicans have gotten their people on the court to allow unlimited money in the elections, now that they have a media system with control of 90% right-wing control of talk radio nationally and many other outlets, reflected in their winning a thousand more seats nationally at the same time they have driven inequality to record levels through policies.

It's the structure of the economy that's reinforcing the inequality; for example, it's not Fed that's the dominant factor in top companies' CEO pay increasing from about 25 times workers to over 300 times. Or Wall Street going from taking 10% of the country's profits to 40% - the distribution of the trillions after 2008 was a government policy choice, not the fed.
 
Althea said:
How long do you believe start ups will last without demand?
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This is the general formula of plutocracy - it leads to less wealth for society, devalues assets which the most wealthy buy - they get a bigger slice of a smaller pie and the people get poverty.
 
Craig234 said:
This is the general formula of plutocracy - it leads to less wealth for society, devalues assets which the most wealthy buy - they get a bigger slice of a smaller pie and the people get poverty.
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You want to see examples of plutocracy, ... you need only look at Socialist nations like North Korea, Venezuela, Russia, Cuba, etc.. :palm:
 
Craig234 said:
Well, you answered my question - no, you are unable to be rational about simple points, like which number is bigger. Instead you just post a pic of Obama in cultural garb, spewing your hate and remaining an ignorant ideologue.
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so you got nothing?
typical
you want to live in a country where we punish and vilify people for being successful, which speaks mainly to your lack of success, and secondly to your bitterness over the election causing you to spew CNN rhetoric rather than think for yourself.
All of this makes you a sad little man. Why I am even talking to you is beyond me
 
Craig234 said:
I live in California and very much disagree with the Fed as a big part of the issue (and CA only has the highest poverty rate when you adjust for cost of living - for example we have very generous healthcare for the poor with ~30% on free healthcare. Compare that to the rest states. It's a hell of a lot better. And we have something like 25% of all undocumented people in the US, as the country's leader in agriculture. So... ya, about the poverty, it's not as bad as it sounds. Our state works well overall.)

I think the country has far bigger problems now that Republicans have gotten their people on the court to allow unlimited money in the elections, now that they have a media system with control of 90% right-wing control of talk radio nationally and many other outlets, reflected in their winning a thousand more seats nationally at the same time they have driven inequality to record levels through policies.

It's the structure of the economy that's reinforcing the inequality; for example, it's not Fed that's the dominant factor in top companies' CEO pay increasing from about 25 times workers to over 300 times. Or Wall Street going from taking 10% of the country's profits to 40% - the distribution of the trillions after 2008 was a government policy choice, not the fed.
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Wow, you're too fucked up to fix. I'm glad you live in politically shitty California. Please stay there.
 
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