Did Barack "Spread the Wealth" Obama Just Blow the Election?

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heyheybooboo

Diamond Member
Jun 29, 2007
6,278
0
0
Originally posted by: Genx87

And under Bush people who effectively paid 0% in federal income taxes rose 46% in his first 4 years of office.

Most firms pay no income taxes
Study finds that the majority of domestic and foreign corporations in the United States avoid paying federal income taxes.

Nearly two-thirds of U.S. companies and 68% of foreign corporations do not pay federal income taxes, according to a congressional report released Tuesday.

The Government Accountability Office (GAO) examined samples of corporate tax returns filed between 1998 and 2005. In that time period, an annual average of 1.3 million U.S. companies and 39,000 foreign companies doing business in the United States paid no income taxes - despite having a combined $2.5 trillion in revenue.

The study showed that 28% of foreign companies and 25% of U.S. corporations with more than $250 million in assets or $50 million in sales paid no federal income taxes in 2005. Those companies totaled a combined $372 billion in sales for the largest foreign companies and $1.1 trillion in revenue for the biggest U.S. companies.


This is just too easy ...


Originally posted by: Citrix
Originally posted by: heyheybooboo
What some Contard bone heads call 'wealth redistribution' and 'Marxism' I call 'paying the bills on time' or 'government living within its means'.

that makes no sense at all.

That's because you are an idiot.


 

OutHouse

Lifer
Jun 5, 2000
36,410
616
126
Originally posted by: BigDH01
Originally posted by: CADsortaGUY
No, ofcourse he didn't blow the election. Those who lean left in this country(especially those who will vote for BHO) don't see anything wrong with wealth redistribution. They seem to thrive on the "robin hood" class warfare issues.

Someday people will realize that it's not the gov't place to take from some just to give to others.

Those who lean right in this country think it's a good idea to concentrate all the wealth in the hands of very few people that aren't accountable to citizens. When they sleep at night, they think happy thoughts of aristocracy. They seem to thrive on "trickle down" class warfare issues.

Someday, people will realize that it is a free nation's government's job to ensure that 10% of the population doesn't own 90% of the wealth, and therefore power, as such a situation is inherently unsustainable. A land of peasantry is not a free nation.

where in the hell did you lean that? NO IT IS NOT THE GOVERNMENTS JOB TO ANY SUCH A THING. :| you want socialism move to Venezuela Uncle Chavez will take good care of you.
 

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
Originally posted by: Budmantom
Originally posted by: the unknown
So Obama's a Marxist now? Because all the other weak accusations and unbased attacks worked out well for the McCain campaign? That will totally change where this election is going. :roll: (hint: it's not McCain)

Ummm...yes he has been for a while.

Didn't I see you on the youtube of the last Palin rally?
 

ElFenix

Elite Member
Super Moderator
Mar 20, 2000
102,407
8,595
126
Originally posted by: heyheybooboo

Most firms pay no income taxes
Study finds that the majority of domestic and foreign corporations in the United States avoid paying federal income taxes.

corporations don't really pay taxes anyway. they're not actually people. they're a legal fiction.
 

Thump553

Lifer
Jun 2, 2000
12,839
2,625
136
Let me see, the GOP bringing up the spector of Dems raising taxes? Does the GOP have a cycle of talking points they move through-inexperience-liberal-terrorist-character flaws-taxes-soft on crime-godless anti-family values that they rotate through, hoping to find one will be the talkng point of the day?

It's especially humorous considering the underlying episode was totally bogus on its face-Joe the Plumber isn't a plumber he's a contractor, he has no plans to buy the business, the business nets $100k and Joe nets $40k (nowhere near the $250k net income that would incur increased taxes) and is a tax deadbeat who has the gall to complain about paying taxes. And he's apparently not even registered to vote. Joe the Plumber is a freeloader leeching off this society and that's the kind of person the GOP holds up as a role model? Give me a break.
 

boomerang

Lifer
Jun 19, 2000
18,883
641
126
Redistributing the wealth is not going to give the common man what he really needs, craves and deserves.

Power

When a politician leads you to believe that he is going to redistribute the wealth in this country, he is manipulating you on a very basic level. You're being played. He has diverted you from what you really need. You know from day to day life that those with money have power. The people that are in power are never going to turn that power over to you. But they can distract you from that. By dangling dollars in front of your eyes.

I don't believe that our system of government was designed to have so few dictating to so many. It's going to take something very, very big to change this. Neither of these candidates is the answer.

Believe what you will. But you'll not see the changes you're hoping for.

Another election and we're arguing to high heaven which candidate, which party is the best. We've been diverted again from the true nature of the problem. That the people that are running for office are owned lock, stock and barrel by the powers that be. Whichever one gets the job is going to owe a whole lot of favors. The tide needs to be turned so that they owe us, the people of the United States.

The people need the Power.
 

BMW540I6speed

Golden Member
Aug 26, 2005
1,055
0
0
We've been "spreading the wealth around" since the income tax started in 1913. It's called progressive tax rates. Even at the height of the red panic, people weren't stupid enough to call taxing the rich at a higher level than the poor communism. It's just common sense.

There were lots moments in that debate, but one of the most interesting was McCain's sudden lurch at Obama about the latter's encounter with Joe The Plumber. With his shoulders haunched, his face red, and his eyes bulging, McCain began spitting and whistling over the "we need to spread the wealth around".

Just moments before, McCain had blurted out his plan (if a 24-hour improvisation can be called a plan) to pay mortgages for people who can't or won't pay them. Now, set aside the fact that he also had promised to freeze spending, but it isn't "spreading the wealth around" when you take money from the people who paid their mortgages and give it to people who didn't?...McCain's a joke.

 

BigDH01

Golden Member
Jul 8, 2005
1,631
88
91
Originally posted by: Citrix
Originally posted by: BigDH01
Originally posted by: CADsortaGUY
No, ofcourse he didn't blow the election. Those who lean left in this country(especially those who will vote for BHO) don't see anything wrong with wealth redistribution. They seem to thrive on the "robin hood" class warfare issues.

Someday people will realize that it's not the gov't place to take from some just to give to others.

Those who lean right in this country think it's a good idea to concentrate all the wealth in the hands of very few people that aren't accountable to citizens. When they sleep at night, they think happy thoughts of aristocracy. They seem to thrive on "trickle down" class warfare issues.

Someday, people will realize that it is a free nation's government's job to ensure that 10% of the population doesn't own 90% of the wealth, and therefore power, as such a situation is inherently unsustainable. A land of peasantry is not a free nation.

where in the hell did you lean that? NO IT IS NOT THE GOVERNMENTS JOB TO ANY SUCH A THING. :| you want socialism move to Venezuela Uncle Chavez will take good care of you.

So much history lost on this one. The concentration of wealth is something humanity has been fighting for an extremely long time. Even our founding fathers would've recognized the dangers of aristocracy.

?I hope we shall take warning from the example of England and crush in its birth the aristocracy of our moneyed corporations which dare already to challenge our Government to trial, and bid defiance to the laws of our country? - Thomas Jefferson

As for Jefferson's view of the United States and how he viewed labor and land:

With respect to Aristocracy, we should further consider that, before the establishment of the American states, nothing was known to History but the Man of the old world, crouded within limits either small or overcharged, and steeped in the vices which that situation generates. A government adapted to such men would be one thing; but a very different one that for the Man of these states. Here every one may have land to labor for himself if he chuses; or, preferring the exercise of any other industry, may exact for it such compensation as not only to afford a comfortable subsistence, but wherewith to provide for a cessation from labor in old age. Every one, by his property, or by his satisfactory situation, is interested in the support of law and order. And such men may safely and advantageously reserve to themselves a wholsome controul over their public affairs, and a degree of freedom, which in the hands of the Canaille of the cities of Europe, would be instantly perverted to the demolition and destruction of every thing public and private. The history of the last 25. years of France, and of the last 40. years in America, nay of it's last 200. years, proves the truth of both parts of this observation.

Jefferson certainly didn't view a country who's government and existence was dominated by the wealthy elite. He felt all men were entitled to a comfortable life where they could save for retirement.

As for John Adams, "Mr. John Adams observed that the numbers of people were taken by this article as an index of the wealth of the state, & not as subjects of taxation, that as to this matter it was of no consequence by what name you called your people, whether by that of freemen or of slaves. That in some countries the labouring poor were called freemen, in others they were called slaves; but that the difference as to the state was imaginary only."

Or maybe we can look at Jefferson's draft constitution for Virginia in 1776.

"Every person of full age neither owning nor having owned [50] acres of land, shall be entitled to an appropriation of [50] acres or to so much as shall make up what he owns or has owned [50] acres in full and absolute dominion. And no other person shall be capable of taking an appropriation."

Our founders recognized the importance of equality in a democracy. From John Adams,
"The only
possible Way then of preserving the Ballance of Power on the side of
equal Liberty and public Virtue is to make the Acquisition of Land easy to every Member of
Society: to make a Division of the Land into Small Quantities, So that
the Multitude may be possessed of landed Estates."

Even James Madison understood the dilemma of freedom vs equality.

"Nor will accumulations of Capital for a certain time be precluded by our laws of descent & of distribution; such being the enterprize inspired by free Institutions, that great wealth in the hands of individuals and associations, may not be unfrequent. But it may be observed, that the opportunities, may be diminished, and the permanency defeated by the equalizing tendency of the laws."

He understood that in such cases, laws would inevitably be changed to promote a more equal distribution.

The bottom line is that all of the founding fathers recognized the danger of wealth accumulation as it leads to aristocracy. No one is saying that all wealth should be equal, simply that too much wealth (power) in the hands of too few would be the downfall of democracy.
 

BigDH01

Golden Member
Jul 8, 2005
1,631
88
91
Originally posted by: boomerang
Redistributing the wealth is not going to give the common man what he really needs, craves and deserves.

Power

When a politician leads you to believe that he is going to redistribute the wealth in this country, he is manipulating you on a very basic level. You're being played. He has diverted you from what you really need. You know from day to day life that those with money have power. The people that are in power are never going to turn that power over to you. But they can distract you from that. By dangling dollars in front of your eyes.

I don't believe that our system of government was designed to have so few dictating to so many. It's going to take something very, very big to change this. Neither of these candidates is the answer.

Believe what you will. But you'll not see the changes you're hoping for.

Another election and we're arguing to high heaven which candidate, which party is the best. We've been diverted again from the true nature of the problem. That the people that are running for office are owned lock, stock and barrel by the powers that be. Whichever one gets the job is going to owe a whole lot of favors. The tide needs to be turned so that they owe us, the people of the United States.

The people need the Power.

Money is power because money is influence. Money means that government is owned by those who have it. Money means one controls the means of production. Money ensures that people who don't have will bend to your will.
 

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
Originally posted by: 351Cleveland
Originally posted by: eskimospy
Originally posted by: Ocguy31
Originally posted by: sandorski
Go ahead. That's exactly what needs to be done to bolster the Middle Class.

We need socialism? Move to Venezuela. I'll buy the ticket.

Progressive taxation is not socialism.

Bullshit. Even a FLAT TAX could even be a vehicle of wealth redistribution. Rich guy pays $200m in tax, poor guy pays $200 in tax. Each person gets the same government benefit (one could argue the poor guy might get more because of his need, but let's just keep it simple). That government benefit totals $2,000. The rich guy has been "overtaxed" based on his usage of government services. The poor guy has been undertaxed. Yes, this is a very callous and heartless example of how any tax structure that does not result in equal taxs bills for everyone is redistributive of wealth, but it is what it is.

Now to the progressive model...

"You are more successful, so we will take MORE of your money (as a percentage of the total) than this guy over here who isnt so successful. In fact... this guy over here may not pay anything. Oh yeah, he gets refundable tax credits that actually net to him getting money from the government without paying taxes. No, you cant have those tax credits because you MAKE TO MUCH."

That is redistribution of wealth, also known as SOCIALISM, through the PROGRESSIVE tax code. You can say it isnt, but it doesnt change the fact that it is.

:confused:

Wealth redistribution and socialism are NOT the same things. The former is just an inevitability in any economic system (if wealth wasn't constantly on the move, there would be no economy), the latter is an economic system which proposes public ownership of production (which I am very opposed to BTW). Take an econ or polisci class someday, maybe finish your GED finally, and see a doctor about your stress levels.
 

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
Originally posted by: ElFenix
Originally posted by: 351Cleveland Rich guy pays $200m in tax, poor guy pays $200 in tax. Each person gets the same government benefit (one could argue the poor guy might get more because of his need, but let's just keep it simple). That government benefit totals $2,000. The rich guy has been "overtaxed" based on his usage of government services. The poor guy has been undertaxed.

no. the rich guy is only rich because the government ensures his property rights. without those rights the guy couldn't possibly have made enough money to have to pay $200m in taxes.

given typical rich guys in this country, he'd likely be dead otherwise.

Heh. I always find it strange that no one accuses the police or the military of being socialism, despite the high govt cost of each... :p
 

OrByte

Diamond Member
Jul 21, 2000
9,303
144
106
"spread the wealth" is a catch phrase.

Most Americans don't know that BOTH parties have done a pretty good job "spreading the wealth" for quite some time now.

The American public is being treat like the idiots we are...
 

palehorse

Lifer
Dec 21, 2005
11,521
0
76
I strongly oppose the bailouts, the "stimulus" packages, nationalized healthcare, AND the forceful redistribution of wealth.

But, I still think Obama is the right person for the job... especially given our apparent lack of better options. McCain blew any chance he had of winning the day he picked that retarded wench Palin to be his running mate...
 

ABitTooSpicy

Senior member
Jun 30, 2004
922
0
76
Originally posted by: OrByte
"spread the wealth" is a catch phrase.

Most Americans don't know that BOTH parties have done a pretty good job "spreading the wealth" for quite some time now.

The American public is being treat like the idiots we are...

This is whats wrong with America right now... it doesn't matter if you are a Democrat or a Replublican. You have to realize that both parties treat American's as Idiots. Over and over again both sides have been proven to stretch the truth, make up stuff about their opponents, make claims about plans that we know are ridiculous. Seriously, no matter who we elect there will be NO CHANGE in our lives as we know it. The richest of the rich will still get richer and the poorest of the poor will still get poorer and the middle class will keep on keepin on...

/rant
 

evident

Lifer
Apr 5, 2005
12,154
774
126
Originally posted by: palehorse
I strongly oppose the bailouts, the "stimulus" packages, nationalized healthcare, AND the forceful redistribution of wealth.

But, I still think Obama is the right person for the job... especially given our apparent lack of better options. McCain blew any chance he had of winning the day he picked that retarded wench Palin to be his running mate...

I don't think raising taxes on the top 5% is "socialism"..... it's ridiculous to claim that it is.
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: ProfJohn
This could be the opening McCain needs.

Just use Obama's words against him. As the article below says, Americans are overwhelmingly in favor of the government working to improve economic conditions instead of working on wealth redistribution.

Topic Title: Did Barack "Spread the Wealth" Obama Just Blow the Election?
Topic Summary: Finally an issue McCain can run with

What happened to Trickle Down?

Isn't that supposed to be a "spread" as well? :confused:
 

retrospooty

Platinum Member
Apr 3, 2002
2,031
74
86
Another lame post by projo...

Anyhow, "redistribution of wealth" is not exactly whats going on here... We are talking about lowering taxes slightly on those that make less than 250k per year and raising tax slightly on those that make more than 250k, back to the levels they were at during the Clinton years. Its hardly a major move, much less a game changer.
 

LumbergTech

Diamond Member
Sep 15, 2005
3,622
1
0
Originally posted by: 351Cleveland
Originally posted by: darincm
Originally posted by: boomerang
Originally posted by: BigDH01
Someday, people will realize that it is a free nation's government's job to ensure that 10% of the population doesn't own 90% of the wealth, and therefore power, as such a situation is inherently unsustainable. A land of peasantry is not a free nation.
I'm hoping you wouldn't have a problem sending me $800. I feel that you may have more than me, and I just don't feel that it's fair.

Sure, I have trouble getting up some mornings. I really don't like to get up until the sun is higher in the sky and the air is warm. It's just the way I am. I also have problems holding a job. It's not really that I don't like working, it's just that sometimes they want me to do things that I'm not in the mood to do. Everybody's like that sometimes - right?

What I'm saying is that I am the way that I am. I just can't help it. You, on the other hand seem rather industrious. It's just the way you are. I'm the way I am, and you're the way you are. We can't help but be what we are now, right?

So please give me that money. I don't see why you have to wait for a silly election to do so. I really need it now. Get with the spirit of America and send me that money right now. I know I can count on you because I can tell from your post that you don't think it's right that people that want to better themselves have more than those of us that are not so ambitious. It's just not fair. We're all different. Why should my standard of living be less than yours because I'm not the same as you.

I know I can count on you.


funny stuff. if you have a legitimate need for a handout (illness, disability, etc.) i'd gladly share my money with you. will there ever be a very small minority who abuse the system? of course, but that doesnt mean the system is sound & strives to help all

That is just it... YOU would choose to do that. So go ahead... choose to do that. I would choose to do the same... I dont NEED the government taking it from me to do it. Not everyone is that way you say? Nope... they arent... and shockingly, it is the Democratic VP candidate that does it the least. If Dems are all about sharing resources... why does he share so little?


You seem to ignore reality, theres a reason these programs have to be created in the first place. People need assistance. It's not hte other way around, if the private sector was actually addressing these problems then the government would have no excuse to step in.
 

Genx87

Lifer
Apr 8, 2002
41,091
513
126
Originally posted by: retrospooty
Another lame post by projo...

Anyhow, "redistribution of wealth" is not exactly whats going on here... We are talking about lowering taxes slightly on those that make less than 250k per year and raising tax slightly on those that make more than 250k, back to the levels they were at during the Clinton years. Its hardly a major move, much less a game changer.

Obama makes those gains in the working poor by offering refundable work credits. That means if somebody pays 0 dollars in federal income taxes this year. Under an Obama plan he gets 500. It is redistribution of wealth by taxing the rich to pay the working poor.

Unless Obama has another plan I havent read from his website. All he plans to do is leave the current tax break in place for couples making under 250K while raising the rates on those above 250K to pre-bush tax cuts. Then add in his refundable make work credits for those under 250K. Those credits are paid for by the revenue generated from the tax increase on the top 5%.
 

shadow9d9

Diamond Member
Jul 6, 2004
8,132
2
0
I just want the opportunity to purchase affordable health insurance that doesn't exempt me from my pre-existing conditions.. no insurance in my state will cover my family... if this is socialism, so be it. Is that so much to ask?
 

retrospooty

Platinum Member
Apr 3, 2002
2,031
74
86
Originally posted by: Genx87
Originally posted by: retrospooty
Another lame post by projo...

Anyhow, "redistribution of wealth" is not exactly whats going on here... We are talking about lowering taxes slightly on those that make less than 250k per year and raising tax slightly on those that make more than 250k, back to the levels they were at during the Clinton years. Its hardly a major move, much less a game changer.

Obama makes those gains in the working poor by offering refundable work credits. That means if somebody pays 0 dollars in federal income taxes this year. Under an Obama plan he gets 500. It is redistribution of wealth by taxing the rich to pay the working poor.

Unless Obama has another plan I havent read from his website. All he plans to do is leave the current tax break in place for couples making under 250K while raising the rates on those above 250K to pre-bush tax cuts. Then add in his refundable make work credits for those under 250K. Those credits are paid for by the revenue generated from the tax increase on the top 5%.

I wasnt aware of the details thanks... I like that plan, all the more reason to vote for Obama! =)
 

Harvey

Administrator<br>Elite Member
Oct 9, 1999
35,059
73
91
Originally posted by: ProfJohn

Topic Title: Did Barack "Spread the Wealth" Obama Just Blow the Election?

This could be the opening McCain needs.

PJ -- Thanks for yet another of your typical attempts to spread the FUD.

Barack Obama actually told that Joe the Plumber guy that he wants to "spread the wealth around."

Buahahaha!!! I guess you didn't get the memo. Like you, "Joe the Plumber" is a Republican plant and a full blown political fraud.

Story of Joe the Plumber springs many leaks

Carla Marinucci, Chronicle Political Writer
Friday, October 17, 2008

A couple of things about Joe the Plumber, the icon of the authentic working-class voter who was declared the "winner" of the final presidential debate.

His first name isn't really Joe. It's Samuel.

He's not really a plumber - at least, not a licensed one.

He's concerned about increased taxes - but hasn't paid his own income taxes.

And he's not exactly just a guy from Ohio.

He's lived in Arizona ... and Alaska.

And as for that unscripted moment that ended up on Fox News, the one at a rally where he questioned Sen. Barack Obama about the American Dream - and whether he'd have to pay higher taxes under Obama's plan?

Seems Joe, who is actually Samuel J. Wurzelbacher, told the conservative Web site familysecuritymatters.org that catching the Democratic presidential candidate off guard "was actually my intent."

"Looks like there's a crack in Joe the Plumber's story," said Bob Mulholland, the Democratic party activist and adviser, after some details of Wurzelbacher's life emerged Thursday.

In an election that has starred all sorts of celebrities - remember Paris Hilton? Britney Spears? - Wurzelbacher got his 15 minutes of fame after being referenced 26 times during Wednesday's presidential debate, 21 times by Sen. John McCain.

On Thursday, McCain even happily declared "Joe the Plumber" to be "the winner" of the debate.

Not so fast.

"Joe the Plumber's story sprang a few leaks Thursday," said an Associated Press story.

That's after the AP, bloggers, investigators and librarians - and The Chronicle - turned up court documents and birth records.

For one, Wurzelbacher's expressed concern about paying more taxes looked a bit tarnished with the revelation that he owes Ohio about $1,200 in personal income taxes, according to the Lucas County Court of Common Pleas records. And there's a 2007 civil filing that shows a record for a $1,200 owed to a creditor, St. Charles Mercy Hospital.

So Wurzelbacher has an active lien on his property filed in January 2007, records from the Ohio Department of Taxation show.

The Toledo Blade, examining Lucas County Building Inspection records, reported that his employer, the A.W. Newell Corp., "does maintain a state plumbing license, and one with the City of Toledo, but would not be allowed to work in Lucas County outside of Toledo without a county license."

"Mr. Wurzelbacher said he works under Al Newell's license, but according to Ohio building regulations, he must maintain his own license to do plumbing work," the newspaper said. "He is also not registered to operate as a plumber in Ohio- which means he's not a plumber."

What else did Americans learn about Wurzelbacher this week?

Among the factoids gleaned from state and county records:

-- He is registered as a Republican, and voted in the state's GOP primary in March, county elections records show. But he was previously registered, dating back to 2007, in the Natural Law Party.

-- He has lived in McCain's home state of Arizona - in both Mesa and Tucson.

-- He lived in GOP vice presidential candidate Sarah Palin's home state of Alaska - in North Pole, from September 1992 to July 1993.

And as comic Bill Maher pointed out, in his 15 minutes of fame, Wurzelbacher has already done more interviews than Palin.

So, "Joe" is not who he said he is, he's not a plumber, he earned far less than he claimed, and even if he did, he would be better off under Obama's tax program than under McCain's... but he didn't, and he would actually better off because "around" would include "Joe's" own neighborhood.

The good news is, not in your dampest, stickiest wet dreams will this turn the election. On November 6, John McCain will go from "has been" to full blown WAS, and after her upcoming appearance on Saturday Night Live," his lipstick dipstick's 15 minutes of fame will be on hold at 14:59 until then.

Now, THAT is "Change we can believe in." :thumbsup: :cool: