Is Obamas' theory that if we tax the rich more we can solve everytrhing correct?
den
2012/06/17 01:51:07
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He has borrowed trillions which is much more than he can get from the rich so the answer is no[he has fixed nothing]
Top Opinion
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Lady Whitewolf 2012/06/17 12:33:13undecided,comments
Proletariat:
1) The class of wage earners, especially those who earn their living by manual labor or who are dependent for support on daily or casual employment; the working class.
2) (in Marxist theory) The class of workers, especially industrial wage earners, who do not possess capital or property and must sell their labor to survive.
3) The lowest or poorest class of people, possessing no property, especially in ancient Rome.
This is EXACTLY what has been happening to this Nation even before 0bama, very slowly, but this is what higher taxation and redistribution of all of our wealth will get us - FAST!
MARXISM: IT HAS GOT TO BE STOPPED!!!
Of course they are wrong.
Minimum Wage laws are a failure.
No income taxes, no unions = Prosperity.
Kingdom stated: "For over a hundred years:
No income taxes, no unions = Prosperity."
It was an absurd statement...thus my response. Think about it...the hundred year period prior to income taxes was prosperous?
When the so-called rich were taxed at 90% they simply hid their income and the government could never prove it. Many just kept their wealth overseas the way many companies, such as GE, do today.
Today, American companies have to waste billions of dollars in lawyers, accountants and lobbyists to protect themselves from abusive government taxation and regulation.
Some companies simply flee to other countries, like China, who offer much lower taxes for industry. Overweening government has made America incapable of competing in a global market.
America was better of and far more prosperous when government had little power to tax and regulate.
No one is advocating a 90% tax on the rich. However, the Bush tax cuts were temporary...and they should not be renewed.
I think small businesses need some incentives and some tax breaks to help them get started. However, my heart is not exactly bleeding for large corporate America that are taking advantage of the high unemployment rate by underpaying and overworking their employees. Currently, there are actually tax incentives for American companies who have set up shop overseas -- those incentives need to be removed. I would rather see some incentives to hiring here in the US and growing the economy. But, if you think I feel bad for the banks. Forget it. If there was ever an industry that need regulating, they need it big time.
Your assessment is actually over simplified. I lived in China for a number of years in the 1990s -- we had a consulting business and helped western companies to do business in China and matched them with Joint Venture partners. China was literally becoming a cesspool. You...
No one is advocating a 90% tax on the rich. However, the Bush tax cuts were temporary...and they should not be renewed.
I think small businesses need some incentives and some tax breaks to help them get started. However, my heart is not exactly bleeding for large corporate America that are taking advantage of the high unemployment rate by underpaying and overworking their employees. Currently, there are actually tax incentives for American companies who have set up shop overseas -- those incentives need to be removed. I would rather see some incentives to hiring here in the US and growing the economy. But, if you think I feel bad for the banks. Forget it. If there was ever an industry that need regulating, they need it big time.
Your assessment is actually over simplified. I lived in China for a number of years in the 1990s -- we had a consulting business and helped western companies to do business in China and matched them with Joint Venture partners. China was literally becoming a cesspool. You should take a walk on the streets of Beijing when there's no wind to blow the pollution away. At night, the lights can reflect off the smog. It is a very corrupt country where every politician has his hand out to be greased and look the other way, while large Western Corporations get away with polluting the country. That's what this country would be like without regulations. Although I do not like over-regulating, I don't feel bad about regulations on business, it keeps large corporations from ruining our environment, paying slave wages, using child labor, and from abusing the power that big money brings, etc. In countries like China, they get away with all of this.
If you want to get mad about something, get mad about the loss of our civil liberties -- and a country in which money buys power and keeps certain people above the law.
Cut the IRS by 90%. Throw out the current loop hole riddled tax code that allows high rollers a pass and soaks the rest.
EXACTLY