I'm really more interested in the facts presented in the article than the opinion. Does anyone else think that this is an issue? http://online.wsj.com/article/SB122463231048556587.html?mod=todays_us_opinion
Given that the wealthiest 1% and 5% of the country is still gaining a larger and larger portion of the total US income, I don't think we're anywhere close to any sort of tipping point. That said, there does need to be a bipartisan effort at spending restraint. At some point, someone has to actually preach fiscal responsibility. My guess is that if an Obama admin goes nuts with spending, you'll see another "Republican revolution" in the 2010 Congress - and I suspect he knows that.
Man, this article could be recycled from 1992. Spooky. It's just the same Republican economic agenda we've seen a million times. Problem is, lately we can't trust Republicans to be Republicans. A huge reason of why I'm voting for Obama, I trust him to do right by our economy more than John McCain, despite what all the Joe McCarthy alarmists think.
it won't be as much as they paid under Clinton so frankly who cares. The problem I have is the welfare "tax breaks" on the bottom end. If you want to give people money just call it welfare not a tax return.
My god the lust for other people's hard earned money is despicable and dangerously contagious. Smart people everywhere are telling you this Obama tax plan will not stop at 250K yet most supporters of his go on like drones without any thought as to what is being proposed. The math itself proves there is not enough money above the 250K threshold to support all these programs Obama has proposed. The economy of this great country is in RECESSION. WAKE UP PEOPLE, RICH FOLKS HAVEN'T MADE MUCH IN THE STOCK MARKET IN THE LAST MONTH OR SO. EVERYTHING IN THE NEST IS GOING DOWN ALL AT THE SAME TIME. THE OVERALL MARKET IS DOWN! Perhaps Obama's wish will come true of income equality and wealth redistribution without the use of taxation at all if the economy goes down the drain like it is right now and nobody at the top has any money left. This recession could last months maybe even years if we continue down this path.
Just to be clear, I was applying your drama queen statement to the grave and dramatic warning that the American Enterprise guy was giving to us about Obama's plan. I don't think it necessarily follows that Obama will eventually raise taxes down the income line, in an attempt to reward people for not working.
Obama is likely to increase my tax rate by 15% or more when I am already paying a lot. There has to be a line drawn somewhere, paying 50% or more in taxes is ridiculous.
A very close friend and political associate of mine has a simple idea that he thinks would go a long way to making government work better. He suggests that instead of payroll-deducted taxes, that the IRS require that every worker mail their own taxes in. They could even get their estimated tax bill printed on their check. But that there should be conscious, active involvement in the process. He thinks that if people knew paid attention to how much government cost them, they'd pay a lot closer attention to what they got for their money.
Between uncapping SS and top bracket increase will pretty much do that, (that's not including the cap gain tax Obama is going to raise).
The GOP drama queening over Obama's tax plan is no different than when "Bill Clinton enacted the highest tax increase in American history". The result: A balanced budget and economic growth. For me, it is sickening to watch the right-wing pundits flip out over this. They remind me of circus animals that perform on cue.
SCIALISM Don't go there, people. It takes literal revolution to get back from there. Look at history. Only now, the technology is there to prevent real revolution. Think. For yourselves.
Posted for truth http://www.merriam-webster.com/dictionary/socialism Main Entry: so·cial·ism Listen to the pronunciation of socialism Pronunciation: \ˈsō-shə-ˌli-zəm\ Function: noun Date: 1837 1: any of various economic and political theories advocating collective or governmental ownership and administration of the means of production and distribution of goods2 a: a system of society or group living in which there is no private property b: a system or condition of society in which the means of production are owned and controlled by the state3: a stage of society in Marxist theory transitional between capitalism and communism and distinguished by unequal distribution of goods and pay according to work done Definitions 1 and 3 are most appropriate in our country's case. Definition 2 is coming.
First Obama will be extremely lucky to archive close to what Clinton did, and a balance budget requires some restraint on spending which is not in Obama's plans.
