He was doing OK until the president mentioned tax hikes for the wealthiest. Then his head exploted.
No deals unless tax hikes are included!
Off with his head then.
2% hoarding 85% of all wealth is just WRONG.
Return the top rate to 90%
Bring back the America of “All men are created equal” we knew as kids.
^Not true tig. Note where he said RETURN the tax rate to 90%. I don’t recall anyone from the middle class paying that much in taxes back then.
Quit making stuff up and/or parroting back what you hear on right-wing radio.
I’ll admit 90% is excessive, however. Instead, let’s return the tax rates on the wealthy to what they were during Reagan’s second term.
Reagan Time - 70% top marginal tax bracket and cut Pentagon to $500 billion. If you really liked Reagan, go with his policies.
Bropst continues his falsehoods. 85% of the nations wealth is held by the middle class, not the mega-rich. That includes professionals, managers, college grads, etc. And increasing the top tax bracket to 90% would not fix the problem. Help, yes, but spending must be cut, and drastically. When 40% of the annual budget comes from borrowed money, taxing will not stop the bleeding. Much of the spending has to end, and Ryan is on the right track. The GOP should accept the tax increases for the wealthy, and push hard for the spending reductions.
Sorry, HOWWW-Deee. Wealthy Dems are willing to pay more in taxes, don’cha know?
As always, your attempt to be witty was only half successful.
To be fair Croc, adjusting for inflation, the Pentagon budget would be roughly $1 Trilllion if we kept it the same as in Reagan’s day. ( A dollar in 1986 was worth approximately a $1.98 in 2010 )
A fitting resolution.
Okay, Let’s be fair
Do either of you have anything to back up your claims?
Please read THIS, you “Prosperity-is-a-Divine-Right!” Obama haters.
^ “And he has done it in only two short years”
And prior to that everything was hunky dory. It all came crashing down two years ago. Riiiight……
Okay harley, now let’s take a look at YOUR article.
First of all, explain to me what difference it makes WHO the wealthy are, if the tax code favors them unfairly?
Second, the author says that in the Reagan years, middle income families did quite well.
What were the tax rates in the Reagan years, hmmmm?
The published data on income mobility that he cited is misleading. It goes from the Clinton years INTO the Bush years. A fairer estimate would have compared the differences between income mobility before and after the Bush tax cuts. Also the tech bubble burst in the middle of that period
And that brings up another point, that study also stops well before the housing bubble burst.
One more thing, how can the author keep referring to that study as proof of the difference between the Clinton and Obama years, when it concluded five years before Obama even threw his hat in the ring?
As for hate being a loaded ‘lib’ word…I had no idea that you were taking the liberal point of view when you accused the cartoonists who criticized Bush’s book of being ’ motivated by hatred.’
^Got anything to back that up…or are we supposed to believe it because you said so?
And remember, Howww-dee….you said the Dems ‘don’t pay taxes’…as in no taxes at ALL.
Howgozit, you know as well as anyone that there are always exceptions, dark splotches on the honor of every single group. When you bring up those exceptions and try to generalize them, you lose credibility since you know full well that you could easily find just as many Republicans who were caught with their ethical pants down.
Did you mean that as a factual statement, Cdward?
From Doughfoot written on Tom Toles in September 2010:
Ah, the Fair tax. Spend your money on second-hand goods, and you are not taxed. Second-hand goods like Rembrandts, real estate (all real estate is second-hand), antique furniture, classic automobiles, or rare coins, and voila, no tax. No tax if you spend your money on long trips to Bermuda or the Bahamas, the Riviera, or anywhere outside the United States. The ‘fair tax’ would be perfect for people who make their money in the US and live mostly elsewhere. All the benefits of US citizenship, and none of the pesky burdens. I understand the ‘fair tax’ is only to be applied at the retail level. Perhaps you can also avoid it if you can buy wholesale. Oh, if you have lots of the money the ‘fair tax’ is certain ‘fair’ – ‘fair’ as in ‘beautiful’.
I would go further. Make all capital gains taxed like ordinary income. There’s no chance of ever getting that, though.
Florida has a crook for gov.
Mdavis is right. What good is a budget plan if it doesn’t make wealthy people and corporations even more wealthy, at the expense of the poor and middle class, and help destroy the environment as an extra added benefit?
No wonder he hates it.
^As the Black Knight said to King Arthur….
Just an illustration of their anencephaly.
harleyq: Your last argument sounds like blackmail; i.e., the big CEOs tell us “don’t try to slow us down as we take all US wealth for ourselves, because if you do, we’ll make it worse for you.”
Yeah, Harley, if we all apologize to G.E. because we complained that not only did they pay no taxes on their $14.2 BILLION profit, but in fact took in $3.2 BILLION of additional tax dollars, then will they promise not to shift any more of their tax burden to the poor and middle class, and not send any more jobs overseas?
Will that be enough?
If not, then just how much more do the righties demand of the poor and middle classes?
(Other than, obviously, Planned Parenthood, the environment & EPA, NPR, PBS, health care, social security, and shouldering even more of the tax burden so the rich can get richer….)
And all those other “industrialized Countries” have 14 trillion dollar debts, right?
Otherwise, why would you offer the comparison?
^^Are you aware that wall street creates money thanks to the deregulation of both Dem and Con policies? Are you aware that because of such policies 35% of corporate profits come from wall street? Are you aware that Bush lowered Capital Gains tax (see Paul Szep Fox News post) so it made money a lot easier to come by? Are you aware that you are talking nothing but BS because you don’t consider the factors that lead to the explosion of money?
Let’s have that consersation again so I can prove how an Ice Cream Truck driver knows nothing about fiscal and monetary policy.
^1.Thank you captain obvious for the Federal Reserve lesson. But I was referring to the speculation and the other illegal behavior that Wall Street gets away with thanks largely to Bush co. (Fiscal Policy). What I meant by creating money was that Wall Street uses financial instruments that create money out of thin air, like derivatives. They managed to create an asset out of a liability, which leads to….
2…Nothing wrong with the word profit, but there is something wrong with selling baby boomers ticking time bombs (derivatives) disguised as assets. If you like this kind of profit then you’re a much more deranged than I thought.
3.The reason why we’re in a depression is BECAUSE money became easier to come by. Why do you think hedge funds (money pooled together by rich guys) are out there preying on people’s pensions?
3) So you work for Wal-Mart? No welfare for me but thanks for funding my edumacation through the Pell grants I used early on.
If you read my posts you’d find out that I live with my girlfriend in Sunny Isles Beach _with a bunch of other old yentas like you for neightbors) and I pay taxes, light, water, gas, phone, internet, cable (from xfinity) and drive a 2007 Toyota Corolla S. I have a Glock and a big dog named Ruckus. I’m going for my master’s on my own dime this time. So yes I have taken from society and have a better job, which means I can contribute more in taxes than I could as a Wal-Mart Greeter like yourself.
Hey, Church, what would Comcast charge me for internet and home phone? Right now I have AT&T DSL (6 MB/s down), but starting next month they are instituting a 150 GB cap, which makes Comcast’s 250 GB cap look not so bad after all.
My current ISP/phone bill is $63 a month.
Yeah, I checked for Verizon Fios, but no such luck.
I tend to ignore the 6 and 12 month special pricing…I just want to know what the bottom line is.
And I have no interest in their Triple Play, as I literally never watch live TV. For TV shows I want to watch (Big Bang Theory, Mythbusters, etc.) I download them via bit torrents.
Which is why AT&T’s new download cap is a bit distressing.
Stuart Carlson and Jerry Resler
April 12, 2017
May 28, 2018