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Re: How did we ever come to be over $14T in debt? Who's responsible for how much of it? 

By: Beldin in POPE | Recommend this post (2)
Sun, 31 Jul 11 9:03 PM | 9 view(s)
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Msg. 40172 of 65535
(This msg. is a reply to 40152 by clo)

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BWHA HA HA HA HA HA HA HA!!! Ah, clo ... you're simply downright delusional. First of all, government cannot create jobs, period ... because it has to take money from someone else, first, so job creation in the private sector is then stifled by the confiscation of funds by the government. Second, Obama's stimulus didn't go for tax breaks ... it went to the states for welfare, to unions, to "green" ventures that are failing, and give-aways to other ne'er-do-well Democrat constituents.

I agree ... the government doesn't need to hand out goodies to corporations - just like it doesn't need to hand out goodies to individual citizens. However, the corporate tax rate needs to be lowered ... especially since ours is the highest in the world ... because those corporate taxes simply get passed on to us, the consumers.

ROTFLMAO! So, you believe if we increase the capital gains rate to 50% it is only going to do harm to "hedge fund managers," eh? Puhleeeeeease! A ton of everyday Americans would also be harmed by this idiotic suggestion of yours, dearie. And you know what else? It would cause all concerned to shut down a huge portion of trading. In other words, your precious nanny government wouldn't see the increase in tax revenues that you expect from raising the rate ... people would simply avoid the tax by curtailing their buying and selling. What do you think that's going to do to the market, eh, clo? Good grief, you leftists are really, really stupid when it comes to taxes ... you cluelessly think the tax rate has no effect on people's behavior! clo, if the store down the street raises the price on your favorite product, what do you do, eh? You find another store a little farther away that has it at a cheaper price or find it for a cheaper price on the Internet. That is why studies have proven beyond a shadow of a doubt that the government gets about the same amount of revenue notwithstanding the rate ... because lower rates result in a higher volume of transactions on which to apply the tax and higher rates reduce the volume of transactions on which to apply the tax. It is better for all concerned to have a higher volume of business, while the government still gets the same amount of revenue, in any event.

Wake up and smell the coffee, clo ... your Socialist ideology and class envy have made you absolutely clueless. Rolling Eyes

B.




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The above is a reply to the following message:
Re: How did we ever come to be over $14T in debt? Who's responsible for how much of it?
By: clo
in POPE
Sun, 31 Jul 11 5:45 AM
Msg. 40152 of 65535

Hi zimbler,

Why didn't obama's economic stimulus package stimulate the economy?

It didn't go far enough to help the recovery, because too much of it went towards more tax breaks.
Obama needs to close corporate loopholes, no more corporate welfare.
Increase Capital gains taxes to 50%, why should a hedge fund managers only pay 15%, its unthinkable. clo


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