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Lets the fiscal cliff happen! It'll be better for America!

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Jhhnn said:
Standard right wing tripe - shift the tax burden down the scale away from the pitiful rich... who spend a much smaller % of their enormous incomes on taxable items than middle class or working class people.

Not to mention that taxing consumption directly at 20% plus will obliterate demand, which is what's wrong with the economy already, lack of demand...
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Any statistics to back up your first claim there buddy? and even middle or working class would potentially benefit from this as they too would have their income tax stripped leaving them more purchasing power.

With regards to the general theme, the only way revenue will increase is by taxing the middle class at a higher rate, the upper class and truly wealthy will always come up with ways to protect their cash, whereas the middle and upper middle class usually don't have the resources available to do the same.

Only a matter of time before we see the Middle class get whacked with far greater fees/taxes/whatever to cover the overspending on social programs.
 
Is there any evidence the "fiscal cliff" is anything of the sort? Seems like so much manufactured hysterics at this point; if the US goes bankrupt the entire world follows suit, and even china with their currency manipulation games realizes as much. We also have the largest military, mainly navy, on earth by an order of magnitude that ensures people will keep taking dollars as payment. If they don't they'll be on a short list to be "liberated" as Saddam learned the hard way.
 
Jhhnn said:
Standard right wing tripe - shift the tax burden down the scale away from the pitiful rich... who spend a much smaller % of their enormous incomes on taxable items than middle class or working class people.

Not to mention that taxing consumption directly at 20% plus will obliterate demand, which is what's wrong with the economy already, lack of demand...
Click to expand...

Standard left winger moaning about the "evil" rich people. Your pathetic, you whine the rich dont pay their fair share and want to steal from them with taxes but you say nothing about the people on welfare and on the government dole
 
Buried deep within the heart of every conflict lies a territory known as "Common Ground". But how do we summon the courage to seek out its borders?
 
Jhhnn said:
Standard right wing tripe - shift the tax burden down the scale away from the pitiful rich... who spend a much smaller % of their enormous incomes on taxable items than middle class or working class people.

Not to mention that taxing consumption directly at 20% plus will obliterate demand, which is what's wrong with the economy already, lack of demand...
Click to expand...
The consumption tax would be much harder for people to evade (legally or otherwise) which is the main advantage the rich have now. Plus if there was no corporate tax or a very small one businesses could produce goods for less money. Every loaf of bread you buy has the tax built in if we could eliminate that prices would go down. Plus we'd get money from people who are just off the grid and pay no income taxes as it is.
 
michal1980 said:
go look up how much people actually pay for medicare vs how much they get out.
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Then the problem is that enough is not charged for such services (i.e. taxes need to be raised to the level that people want on such services). How about how much do we get out of the wars vs what we pay for them? The industrial military complex gets plenty but what about Mr. and Mrs. John Q. Taxpayer?
 
If we go over the cliff, expect Joe Barton to apologize to Norquist from the House floor for the dirty end-around the Repubs are going to pull on him and his no new tax promise and then apologize again for apologizing after the shitstorm that ensues. I expect good 'ol Joe will not have learned a single thing from apologizing to BP in public years ago. Well, at least it came straight from his heart....errrr, ever so needy campaign chest.
 
Engineer said:
Then the problem is that enough is not charged for such services (i.e. taxes need to be raised to the level that people want on such services). How about how much do we get out of the wars vs what we pay for them? The industrial military complex gets plenty but what about Mr. and Mrs. John Q. Taxpayer?
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But we get FREEDOM, and stuff!

:hmm:

oh erm, uh...well, that's what they keep telling us.

:hmm:
 
Incorruptible said:
Standard left winger moaning about the "evil" rich people. Your pathetic, you whine the rich dont pay their fair share and want to steal from them with taxes but you say nothing about the people on welfare and on the government dole
Click to expand...

ah yes, the 2% of revenue that the welfare class costs us vs the 30% that corporate welfare has cost us since Bush dubya.

go bury your head somewhere else, you hack. Your baseless talking points are getting old and repetitive.
 
You have not even started paying the OBamma Care Tax and penalties yet??? How are people with no jobs going to pay the O'Bammacare Penalties after 2014? How come we can extend the bush and the SS tax cuts, but we cant stop the implementation of O'Bammacare???? Just put off the implementation for 5 more years or ease into the implementation and clean up the bill a lot more to remove all the social engineering parts.
 
Whenever you hear a politician say we need to do something about that, just interprit it as lets pass tons of red tape unneeded regulations which will not solve the problem, but will make our lives miserable.
 
Doc Savage Fan said:
Use my brain like you use your brain? No thanks.

http://forums.anandtech.com/showpost.php?p=34309833&postcount=201
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Yeah I can tell you haven't used your brain like I have. I research American taxation history, but let's just all take your oh so well informed word for it. As I said in that thread:

He could certainly care more. I get the feeling that some of you have no idea of what the tax rate has been historically or even when we started collecting taxes in this country to begin with, or who initiated it. You just sound like a young, uneducated kid spouting the philosophies of your local preacher to me.


Now, if you would like to actually respond to my initial point, instead of deflecting onto other threads, then be my guest.
 
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