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Secretary of State
Re: The class warfare argument
No.Originally Posted by Jefe
Isn't that why most wars are fought?
However, that's why most wars are started.
"People Died; Obama Thrived" - blatantly stolen from "Grey_Whiskers"
Secretary of State
Re: The class warfare argument
That's Donald Trump's idea, a one time 15% assessment on net worth over 10 million dollars.
Clean up the balance sheet and move forward.
"I think -- tide turning -- see, as I remember --I was raised in the desert, but tides kind of -- it's easy to see a tide turn -- did I say those words?"
-- George W. Bush, asked if the tide is turning in Iraq
Moderator
Re: The class warfare argument
A distinction that doesn't really matter - I think you saw my point.
Can someone explain to me what's so bad about this dreaded "class warfare"? I mean, besides the fact that, like, Paul Ryan said it's bad? What's gonna happen if we engage in this so-called "class warfare"? Are the "job creators" going to suddenly stop creating jobs? Oh, wait...
Joint Chiefs of Staff Member
Re: The class warfare argument
It strikes me as this Trump proposed method of dealing with it has more merit to it than a permanent tax hike for a temporary spending measure as proposed by the administration.
Given the changed post-election legislative landscape I can only hope that the administration and the congressional houses can find a way to work together, finding the right compromises to do the people's business, while keeping the people's best interests at heart, and may civility return to the public discourse. We, as a nation, certainly need all of these things.
Yeah, well that's a lost cause now for sure.
Secretary of State
Re: The class warfare argument
Strange that you think the distinction doesn't matter.
If someone broke into your house and attempted to "commandeer" your food and your possessions would you find yourself "at war" for the purpose of gaining something you didn't have?
"People Died; Obama Thrived" - blatantly stolen from "Grey_Whiskers"
Joint Chiefs of Staff Member
Re: The class warfare argument
So lemme get this straight; Obama is pushing for a plan where half of it is spending cuts and the other half is very modest tax increases on other people just like himself, and somehow that's class warfare? Meanwhile, Republicans wish to raise taxes on the middle class.
Go figure.
Obama's going to win next year because the Republicans are just too stupid by a nose with defending the wealthy, but wanting to tax the middle. You just can't sell that in an election year.
Lieutenant Governor
Re: The class warfare argument
That'd be fine by me, and we could accurately calling it taxing "the rich."
crescat scientia vita excolatur
--
condemnant quod non intellegunt
Secretary of State
Re: The class warfare argument
Did I miss something? Where is the Republican plan to raise taxes on anybody, much less the "middle class".
"People Died; Obama Thrived" - blatantly stolen from "Grey_Whiskers"
Joint Chiefs of Staff Member
Re: The class warfare argument
Payroll Tax Cut: GOP Resistant To Extending Obama Policy
[CENTER][U]When I gave food to the poor, they called me a saint. When I asked why they are poor, they called me a Communist.
-Bishop Hélder Câmara[/U]
[I]Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration.
-Abraham Lincoln[/I]
[/CENTER]
Vice President
Re: The class warfare argument
Just a reminder:
Who pays taxes?
From the CBO…
http://www.cbo.gov/publications/coll...ity_shares.pdf
in 1999 in the grandly remembered Clinton years here is who paid how much of the tax burden:
Lowest Quintile 1.1%
Second Quintile 5.2
Middle Quintile 10.2
Fourth Quintile 17.8
Highest Quintile 65.6
Top 10% 51.0% (so the top 10% paid 51% that’s half for those that are math challenged)
Top 5% 40.2
Top 1% 24.3(and the top 1% paid 24.3% that’s one-quarter of all taxes for those that are math challenged)
Lowest Quintile 0.8 %
Second Quintile 4.4
Middle Quintile 9.2
Fourth Quintile 16.5
Highest Quintile 68.9
Top 10% 55.0% (so the top 10% paid 55% that’s more than half for those that are math challenged… and 4% more than they paid under Clinton)
Top 5% 44.3
Top 1% 28.1 (and the top 1% paid 28.1% that’s more than one-quarter of all taxes for those that are math challenged… and 4% more than they paid under Clinton)
More interesting still is people’s share of individual income tax liabilities. This chart shows the impact of programs like the Earned Income Tax Credit that actually will send back to the person filing more money than they paid in during the year.
Under Clinton:
Lowest Quintile -1.9
Second Quintile 1.3
Middle Quintile 6.1
Fourth Quintile 14.0
Highest Quintile 80.6
Top 10% 66.7%
Top 5% 55.1
Top 1% 35.0
Under Bush
Lowest Quintile -3.0
Second Quintile -0.3
Middle Quintile 4.6
Fourth Quintile 12.7
Highest Quintile 86.0
Top 10% 72.7 % (so the top 10% paid 55% that’s more than half for those that are math challenged… and 4% more than they paid under Clinton)
Top 5% 61.0
Top 1% 39.5% (and the top 1% paid 28.1% that’s more than one-quarter of all taxes for those that are math challenged… and 4% more than they paid under Clinton)
We are taxing the rich… the rich are the only ones being taxed. When the top 10% are paying 72.7% of the individual income tax liabilities you cannot say different.
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