Spread The Wealth For Idiots - Defined

I agree. My beef wasn't so much with the point of view, but the generic story that they seem to think is all you need to understand complex economic situations.

 

yes! 5% holding 68% of the wealth. Middle class incomes have gone down while upper class's have gone up. Current conservative administration has distributed wealth very efficiently.

 

Very nice!

 

Pointless story and wrong too.

Here is the McCain plan:

Spend every nickle they can borrow from China, send the bill to our children and grandchildren, and reward the wealthiest people and corporations in the country with tax credits and cuts.

Seneca

 

The more I read this, I think it may be one of the best posts I've ever read.

 

You fcking inferior intellectual midgets don't seem to accept that we have the HIGHEST FUCKING DEFICIT of all time and just enacted a socialistic BAILOUT on the watch of the >>republican<< moron in the white house = Bush-League !!!

HOW THE HELL DO YOU EXPLAIN THAT??!!

Why don't you address THOSE issues you hyperbolic, robotic, no-brain right-wing nutcake?

I am so sick and tired of you losers with all your sterotypes and "labels" about others intentions or purpose! The is more than ONE way to reach a mutual goal. You radicals on the far-right do yet not GET THAT... and likely NEVER will!

I am an independent and support what I think is the best person or idea or concept, etc. Not BLIND adherence to some party!

 

It's very obvious by looking at your posts from earlier this year that you a newbee to trading, (which is ok) gotta start somewhere!

I'll guess you are very young, just out of high school or college (not much real world experience) probably dont own a home, have wife and kids (lot of bills to pay), you may even still live with your parents.

The fact of the matter is TAXES are bad, they imped my growth! My income gets Taxed twice, three times some times four times, by the Federal, State, and local levels of government.
And when I die, the wealth that I worked so hard to accumulate gets TAXED again under the guise of Estate Taxation to my heirs.

So all my hard earned money goes to the freakin government so it gets wasted on lazy ass liberal programs, bridges to no where, $500 toilet seats on aircraft carriers, and all the other spending plans that Congress have.

So, Jonbig go out there and work hard make $500K/ yr. and see how much of it you get to keep!

Gotta go, I've wasted too much time on ignorant liberals who know nothing!

 

FYI, Im a registered Republican, but does that mean I support Bush and all his idiots in cabinet, No I dont! This administration has F'ed this country.

The bottom line is Im for Less Taxes and Less Spending period!!!!!!

So go F yourself you freakin liberal turd!!!

 

I am a newbie to trading! and I am 21. Do I live with my parents? Ha. I moved out my parents house when I was 17. I started my first company when I was 18. I bought my first house out of foreclosure for $350,000 when I was 19, and sold it less than 2 months later for $650,000. At 20 I built a house on 35 acres for a total of $700,000. I've also lost the vast majority of money I've made, because I was heavy into real estate. Now I live modestly in a small apartment in Denver. I very close friend of mine pade just over 500k. His taxes? $5,000. There are so many legal loopholes out there. If i made 500k under these tax codes (i've never made that much though) I wouldn't be shelling out all THAT much of it.

But yes taxes suck everyone hates them. But whats done is done and we now have massive debts to pay and programs to pay for, it sucks to pay taxes...does that mean we shouldnt have them?


BTW Im a trading noob, but I'm up 36NQ points so far today! WOOT! maybe all this learning is starting to pay off?!?1

 

A Disturbing Look At a Very Near Future: Tax Cuts Vs More Spending at the Special Session
by Newt Gingrich

"We have a choice between two futures.

For the first, fast forward 23 days. It’s November 17. Congress convenes for a special session with a veto-proof Democratic majority Senate, an expanded Democrat majority in the House and a Democrat in the White House.

The sole item on their agenda is to pass the $300 billion government spending package promised by House Speaker Nancy Pelosi back in October.

There is no mistaking what is coming. Even before Democrats won sweeping, one-party control of Washington, they had made their intentions to increase taxes and spending clear.

Originally pegged at $150 billion, Pelosi’s spending package ballooned as time went on.

With 11 days to go before the election, House Financial Services Committee Chairman Barney Frank (D-MA) fleshed out some details of the massive spending package. Frank called for a 25 percent cut in defense spending and conceded that Democrats will raise taxes to pay for new government spending. If they couldn’t get the votes in November, Frank was confident that they would have them in January.

And long before the election, President-elect Barack Obama had expressed his preference for wealth redistribution over wealth creation both on the campaign trail and in a startling radio interview in 2001, in which he claims the Warren Court was not radical enough. (Bill Whittle does an excellent job of dissecting this interview at National Review Online )

“You Can’t Say We Weren’t Warned”

The newly empowered Democratic majority passes the massive spending bill, confident that even a veto by President Bush can and will be overridden by their new Senate majority in January.

Before President-elect Barack Obama even takes office, government spending increases by $300 billion, bringing the grand total for the last six months of 2008 to $1.45 trillion.

And all center-right Americans can do is shake their heads and think, “You can’t say we weren’t warned.”

There is a Different Future: Make the Election About Big Spending Vs Big Economic Growth

For candidates, campaign managers, and consultants who are disturbed at this look at the very near future, there is another way.

But that way begins now. Today.

To avoid defeat on November 4 and avoid an out-of-control spending spree in the new Congress, the voters have to be given a real choice on Election Day.

• A choice between robust government spending and robust economic growth;
• A choice between higher spending and lower taxes;
• A choice between spreading the wealth around and increasing it through rapid economic recovery.

Because when Americans are asked to make these choices, our answers are clear and unequivocal.

We trust the private sector to grow the economy more than government. We favor keeping our money over giving it to Washington. We favor creating more wealth over redistributing the wealth we’ve worked for and saved.

We just have to be given the choice.

Three Times More Americans Believe In Tax Cuts Over More Government Spending

Newly released polling data show just how out of touch with Americans the REPO Team (Reid-Pelosi-Obama) pre-Christmas spending spree is.

By 60%-20%, Americans believe lower taxes, not higher government spending, will best ensure economic recovery, according to a new Fox News/Opinion Dynamics poll.

By 86%-9%, Americans believe government should focus on jobs and economic growth over income redistribution, according to a New Models/Winston Group survey.

By 71%-25%, Americans believe that if you cut taxes on small business it will create new jobs, according to the New Models/Winston Group poll.

So What Are We Waiting For?

So what are we waiting for? To counter the Reid-Pelosi-Obama massive $300 billion government spending spree, Republicans should offer a $300 billion tax cut package.

House Republican Leader John Boehner (R-OH) has proposed a rapid economic recovery program that should be the centerpiece of the campaign going forward. Instead of marrying new deficit spending with liberal special interests like the Reid-Pelosi-Obama plan does, the Boehner plan marries sound economics with the small government, free market values of the American people.

Here are some of the reforms in the Boehner rapid economic recovery plan:

• Energy Independence: Creating jobs and reducing energy and food costs by enacting an “all of the above” energy plan. For more information, watch my new movie “We Have the Power” (watch the new trailer here and buy the movie here ) and read my new book Drill Here, Drill Now, Pay Less .
• Creating Jobs: Bringing American jobs back home by lowering the tax rate on profits that companies bring back to the United States.
• Restoring Home Values: Encouraging home purchases by easing capital gains rules for homes purchased in the next 18 months and held for at least five years.
• Spurring Economic Growth: Immediately suspend the capital gains tax on individuals and businesses for equities purchased during the next two years.
• Encouraging American Companies to Assist in Recovery: Lower the tax rate on business income so American companies have an incentive to invest in distressed assets.
• Protecting Retirement: Suspend rules that require individuals at age 70½ to begin withdrawing from their Individual Retirement Accounts. This would spare investors from being forced to sell their stocks at just the time when the market is hurting the most.

I will have more to say about what we can do now to avert this impending massive government spending spree at an event this Friday at the American Enterprise Institute entitled “Energy, the Economy, and the Special Session of Congress.” For more details, go to www.aei.org.

In the meantime, there is no time to waste. Republicans and center-right independents and Democrats can give the voters a real choice in the election, or we can lose our choice in the congressional special session to come.

Either way, you can’t say we weren’t warned."