I love it! People are really getting pissed!

Page 4 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.

EXman

Lifer
Jul 12, 2001
20,079
15
81
Originally posted by: MovingTarget
Originally posted by: BrownTown
The problem is that its only the old people like this lady who want to be financially responsible, and all the young people have a damn entitlement attitude like they are somehow owed so muhc just for being born in this country. The irony of course is the fact that this is gonna all screw over the younger generation and not the older people. Maybe I'm just being some Republican mouthpiece here, but I am a middle class person born to middle class people and I currently work 70 hours a week (7x10s), and to have the damn government take MY hard earned money and give it to a bunch of spoiled idiots who are too lazy to hold down a job is not my idea of how a goverment should work. We should ENCOURAE hard work, not punish it.

Hard work has its rewards, but I disagree about the entitlement mentality of those less fortunate. Many of them do work very hard, yet have little to show for it not because of irresponsibility, but because the deck is stacked against them. The only entitlement mentality right now that is sending this country in the shithole is the entitlement mentality of the wealthy. They think that they deserve their huge salaries/benefits/perks without putting in near as much hard work. The difference is that they have invented a framework to justify it - namely trickle down economics. They use phrases and concepts that miss reality like double taxation on dividends or use biased wordplay such as "death tax" for the estate tax to try and get the public on their sides. This country has shifted to rewarding investment instead of rewarding labor, so now we are stuck in a position to where those that do work hard get royally screwed. That is what needs to change.

Wow I think that is pretty warped. The funny thing about who you think are hard workers and what I think are hard workers is that my hard workers invest and create jobs while your workers add nothing to our country except their hard work. They invest nothing other than their work.
Do they pay federal taxes? Some pay none. Some even get a rebate. If you have EIC you are getting sometimes 5K back after paying no federal tax. i know I recieved $4800 back a few years back. During tax time i wish I still qualified! ;) j/k But these people who invest also risk their hard earned money and create jobs in hopes of become big and make more money and make more jobs...

Overtaxing the Rich to give to the poor will take jobs from the poor. It is a vicious cycle yes.
Making people dependant on the government is not what the founding fathers wanted. period.
 

Chunkee

Lifer
Jul 28, 2002
10,391
1
81
Originally posted by: Red Dawn
Originally posted by: Budmantom
Originally posted by: Red Dawn
Originally posted by: Budmantom


I thought.
That's a fallacy.


That's an awfully big word for you.
Well when all you do is parrot....

What a rope a dope. Being a prig, mind you, is not 'cool'. Savor your insults in your little world..you have trumped nothing but your own insipid interpretation of yourself.
 

MovingTarget

Diamond Member
Jun 22, 2003
9,002
115
106
Originally posted by: EXman
Originally posted by: MovingTarget
Originally posted by: BrownTown
The problem is that its only the old people like this lady who want to be financially responsible, and all the young people have a damn entitlement attitude like they are somehow owed so muhc just for being born in this country. The irony of course is the fact that this is gonna all screw over the younger generation and not the older people. Maybe I'm just being some Republican mouthpiece here, but I am a middle class person born to middle class people and I currently work 70 hours a week (7x10s), and to have the damn government take MY hard earned money and give it to a bunch of spoiled idiots who are too lazy to hold down a job is not my idea of how a goverment should work. We should ENCOURAE hard work, not punish it.

Hard work has its rewards, but I disagree about the entitlement mentality of those less fortunate. Many of them do work very hard, yet have little to show for it not because of irresponsibility, but because the deck is stacked against them. The only entitlement mentality right now that is sending this country in the shithole is the entitlement mentality of the wealthy. They think that they deserve their huge salaries/benefits/perks without putting in near as much hard work. The difference is that they have invented a framework to justify it - namely trickle down economics. They use phrases and concepts that miss reality like double taxation on dividends or use biased wordplay such as "death tax" for the estate tax to try and get the public on their sides. This country has shifted to rewarding investment instead of rewarding labor, so now we are stuck in a position to where those that do work hard get royally screwed. That is what needs to change.

Wow I think that is pretty warped. The funny thing about who you think are hard workers and what I think are hard workers is that my hard workers invest and create jobs while your workers add nothing to our country except their hard work. They invest nothing other than their work.
Do they pay federal taxes? Some pay none. Some even get a rebate. If you have EIC you are getting sometimes 5K back after paying no federal tax. i know I recieved $4800 back a few years back. During tax time i wish I still qualified! ;) j/k But these people who invest also risk their hard earned money and create jobs in hopes of become big and make more money and make more jobs...

Overtaxing the Rich to give to the poor will take jobs from the poor. It is a vicious cycle yes.
Making people dependent on the government is not what the founding fathers wanted. period.

There is a BIG difference between "work" and "investment" if the investment only involves putting up capital. That isn't work, that is risk. Going into an office 8-5 to manage, file, etc. is work even if it is at an investment firm as it requires actual labor. This is why I think capital gains is not the same as payroll - it is income from passive activities. Those that you say only add their labor to the country actually BUILD this country, unlike the investment barons. To say that those that invest capital are somehow more valuable to society is pretty warped, imho. They may be more valuable to "the market", but not society as a whole.

The whole "overtaxing the rich to give to the poor" is somewhat of a false or misleading word choice here. Post WWII to the Reagan era, the top had far higher taxes, but that didn't seem to stifle the incentive to make profit. The reason that most "workers" pay so little income tax is that they don't have much that they can reasonably pay. Besides, freeing up money in the hands of those who have little to begin with is one of the easiest ways to get capital flowing in the market. The corresponding increase in demand is what drives the economy (and job growth), not the concentration of wealth at the top.

Public goods such as transportation/energy/water/sewer infrastructure and defense, paid for by the wealthy aren't giving to the poor as those very services/infrastructure are what safeguard the ability of the wealthy to continue to generate wealth and keep it. You may have somewhat of an argument when it comes to UHC or the recent tax rebates of the Bush admin, but not too much else.
 

First

Lifer
Jun 3, 2002
10,518
271
136
Originally posted by: BoberFett
Originally posted by: Evan
Originally posted by: Jaskalas
Originally posted by: Dissipate
People aren't really going to be outraged until they are on the street without food and water.

True enough, but we're trying our damnedest to reach that point. If this depression doesn't do it, the bubble that cushioned our fall will be guaranteed to do it. Next time it pops will be the last time.

- Ron Paul, 1982.

What's your point Captain Help Desk? We've been riding one bubble to the next since then, and we've just about run out of bubbles.

Ron Paul has been wrong for several decades, that's what. Just because you're a dropout computer salesman doesn't mean you understand finance or economics.