Posted on 11/14/2012 12:22:24 PM PST by Kaslin
Rush is a buffoon. He would have hated Teddy Roosevelt.
the small business owners OTOH are the real target.....
eliminate the middle class.....that is what is being done....
PUBS....why don't you grow a brain and realize that defending the ultra rich is a stupid and silly and losing argument....no one cares about the rich....
maybe you can be outspoken proponents of protecting the middle class from endless taxes.....now there's a thought...
lol
the job creators are harder working and more strong willed than the dope that elected him and they are going to turn on him when they realize he killed their jobs and our economy
Uh huh, tell me more about how clinton-era tax rates killed jobs and the economy.
In fact how many jobs has the Bush tax cuts created?
The sad little mixed-race fatherless boy who was raised by his white grandparents, while his promiscuous young mother neglected him......this is where his rage began. Unfortunately, America is the target for his revenge. What a troubled sad man.
Small businesses have done well under Obama.
http://www.huffingtonpost.com/stewart-j-lawrence/obama-small-business_b_1881866.html
I can name one: John Corzine.
He’ll demonize them as greedy.
Leftist pundits will call them racist.
Wait until it dawns on all his Hollywood, TV star, and Rapper supporters that they are the rich people he has been attacking.
The way I see it, he's punishing the middle class and thereby punishing the People - has to beat us into the dirt so we don't have the energy to resist...
Republicans should go ahead and sit back and watch. We have gone too far down this rabbit hole. Just make sure we publicize that we told you so and elect conservatives if you want to fix things.
For grins, we should put a real wealth tax on the deal to take 50% of existing wealth over 1 million. I somehow suspect all the rich democrat senators and Obama might balk at that.
It's not that simple. Tell me how Clinton's economy would have fared if 9/11 had occurred early in his term, and how Clinton would have managed without the dot-com bubble.
I do blame GWB, as well as many in congress, and Clinton (mortgage backed securities) too, for the 2008 crash.
There is a CBO study that shows there is no significant correlation between marginal income tax rates and the growth of GDP. In fact the report goes on to show that the biggest effect of lowering marginal income tax rates was the concentration of income at the top.
I’ll try and find the link again.
Correlation is not causation. Economics is diabolically difficult to figure out. If you assume that the government does not waste too much money (including buying votes), and that actually helps the economy in the long run, you would argue that "big government" is a good thing, and use Clinton (even though he said the era of big gov is over) as evidence that raising taxes does not necessarily hurt the economy.
Although GWB was a failure, I think the Obama presidency has been much worse. Although I can understand voting for neither Romney nor Obama, I can't imagine voting for such scum as the latter. I am ashamed of the people who voted for him.
Here’s the study:
http://graphics8.nytimes.com/news/business/0915taxesandeconomy.pdf
(it was the Congressional Research Service not the CBO so sorry for misstating that it was put out by the CBO)
If you read through and look at the statistical analysis there is no statistically significant link between marginal tax rates and GDP. If anything GDP growth has been slowing since we started lowering marginal tax rates but again it’s not statistically significant.
But there is a significant link between marginal rates and the concentration of wealth at the top.
What needs to be argued is if concentration of wealth is harmful to the economy or not.
There are plenty of republican and small business owners that will be hurt. The real folks that will be destroyed with this philosophy are folks like myself and DH. We make just enough to be “rich”. Because we are rich we have 2 kids in college paying out of pocket because we make too much for financial aid (and happy to do it, I don’t want government cheese). We are supporting our son and DIL who are currently jobless and pregnant. We are helping out elderly parents. So despite being “rich” there is precious little left in the account at the end of the month. Every car I have has over 80k miles on it. And Obama wants to raise my taxes drastically? I literally will end up putting tax payments on credit. He may be able to afford more, the super rich may be able to afford more, but reality is most high income folks cannot. Afford more. He will break our backs. And then where will he get his revenues from? He’s coming for you next.....
This is with Bush tax rates.
When Bush tax rates went into effect the tax revenues did not fall as the simple minded naysayers predicted. They rose.
That’s going to get unwound and the MSM pundits will not blame it on Barack or other Democrats.
I think in some ways it can be harmful, but sometimes that's only half the story. I do not approve of the way the TARP was pushed through. At that time I predicted that even if it was needed to save the economy, (and even Obama agreed that it was, although I still have doubts), it would start a very unfortunate trend of various entities asking for bailouts. That trend seems to be a tradition now. It started with wealthy, government-connected entities asking for help.
That is not to say that concentration of wealth is inherently harmful.
When Bush tax rates went into effect the tax revenues did not fall as the simple minded naysayers predicted. They rose.
According to the historical data you are wrong.
http://www.whitehouse.gov/omb/budget/Historicals
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