Raising taxes on the wealthy would fund the gvt for 6 days. | TigerDroppings.com

Posted byMessage
CRNA-KA
LSU Fan
Tennessee
Member since Jan 2012
599 posts

Raising taxes on the wealthy would fund the gvt for 6 days.


I thought the best part of the debate was when Ryan talked about how much raising taxes on the rich and small business would affect debt reduction.

He said that doing so would only fund the government for 6 days.

If anyone with political substance was listening, they would understand that the Democrats are using the "raise the taxes on the wealthy" as a talking point and not with any substance or facts on how it would even benefit reducing the debt.

I would argue that reducing taxes, broadening the base, growing the economy, would all do a better job at attacking the debt than any single tax increase on the wealthy.



This post was edited on 10/11 at 10:25 pm



Back to top
Share:
kclsufan
New Orleans Saints Fan
Show Me
Member since Jun 2008
11146 posts

re: Raising taxes on the wealthy would fund the gvt for 6 days.


quote:

He said that doing so would only fund the government for 6 days.

It was a great line and Biden had no comeback. It really put that whole issue in perspective better than I've ever heard. RR need to keep hammering this point.






Back to top
CRNA-KA
LSU Fan
Tennessee
Member since Jan 2012
599 posts

re: Raising taxes on the wealthy would fund the gvt for 6 days.


I agree, the American electorate needs to be educated on this topic and how much of a talking point this really is without substance.





Back to top
Coon
Nicholls St. Fan
La 56 Southbound
Member since Feb 2005
15774 posts

re: Raising taxes on the wealthy would fund the gvt for 6 days.


Also, 15% of $20,000,000 > 25% of $50,000





Back to top
Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
33697 posts

re: Raising taxes on the wealthy would fund the gvt for 6 days.


quote:

quote:
He said that doing so would only fund the government for 6 days.


It was a great line and Biden had no comeback. It really put that whole issue in perspective better than I've ever heard. RR need to keep hammering this point.




It was a line with no substance. Just a sound byte.

The 6 days refers only to the tax increase of 3% on the top marginal rates for the top income earners in the US. That is just a small portion and one of many tax increases and one of the smaller ones in Obama's plan.

Add up all of the Obama tax increases and letting some of the bush tax cuts expire and you get a hell of a lot more.

That is what is wrong with listening to cute little sound bytes and not having an actual understanding.



This post was edited on 10/11 at 10:35 pm


Back to top
wickowick
LSU Fan
Head of Island
Member since Dec 2006
22195 posts
 Online 

re: Raising taxes on the wealthy would fund the gvt for 6 days.


quote:

Add up all of the Obama tax increases and letting some of the bush tax cuts expire and you get a hell of a lot more.


and what happens to GDP or are we keeping that constant again?






Back to top
jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
26775 posts
 Online 

re: Raising taxes on the wealthy would fund the gvt for 6 days.


quote:


That is what is wrong with listening to cute little sound bytes and not having an actual understanding.


you are one to talk.
raising taxes during a recession or recovery is economic suicide. we borrow at a rate less than inflation currently, the deficit and debt arent the primary problems. growing the economy should be priority #1,2, and 3.






Back to top
Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
33697 posts

re: Raising taxes on the wealthy would fund the gvt for 6 days.


As far as GDP, it stays the same while I sleep for the next 8 hours...





Back to top
LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80165 posts
 Online 

re: Raising taxes on the wealthy would fund the gvt for 6 days.


quote:

That is just a small portion and one of many tax increases and one of the smaller ones in Obama's plan

I wish Biden had pointed that out...using your words.






Back to top
Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
33697 posts

re: Raising taxes on the wealthy would fund the gvt for 6 days.


quote:

quote:

That is what is wrong with listening to cute little sound bytes and not having an actual understanding.



you are one to talk.
raising taxes during a recession or recovery is economic suicide. we borrow at a rate less than inflation currently, the deficit and debt arent the primary problems. growing the economy should be priority #1,2, and 3.


Well, I have responded in much greater detail than you ever have that I have seen on this matter. In fact I typed up a huge response on it and specifics and stats from the CBO even agreeing that tax hikes affect GDP depending on the magnitude and their targetting,

IMO, you need to learn some nuance and are the main one throwing out "sound bytes" that are lacking in substance and analysis.






Back to top
jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
26775 posts
 Online 

re: Raising taxes on the wealthy would fund the gvt for 6 days.


quote:


Well, I have responded in much greater detail than you ever have that I have seen on this matter.



quote:

IMO, you need to learn

IMO, everyone has figured out your schtick and see you for what you are: a fraud.
Go "own" the money board again






Back to top
kclsufan
New Orleans Saints Fan
Show Me
Member since Jun 2008
11146 posts

re: Raising taxes on the wealthy would fund the gvt for 6 days.


quote:

Add up all of the Obama tax increases and letting some of the bush tax cuts expire and you get a hell of a lot more.

Yep, more unemployment, more people on welfare, more money out of peoples pockets. As a business owner, more taxes are just what I need to grow my business. Get a clue.






Back to top
Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
33697 posts

re: Raising taxes on the wealthy would fund the gvt for 6 days.


quote:

quote:
That is just a small portion and one of many tax increases and one of the smaller ones in Obama's plan


I wish Biden had pointed that out...using your words.


Truth gonna truth. Obama's plan attacks taxes in many different areas including raising taxes, surtaxes, and tax cut expirations.

I wouldn't count on them highlighting it though, just like Romney won't be highlighting his bull shite math in his plan or lack of specifics.






Back to top
lsuroadie
LSU Fan
South LA
Member since Oct 2007
5342 posts
 Online 

re: Raising taxes on the wealthy would fund the gvt for 6 days.


quote:

Tiger n Miami AU83


I've said it once and I'll say it again

Any politician that has the unmitigated fuking gall to ask for more of my money ought to be hung

Reduce spending, balance the checkbook and then we'll talk



This post was edited on 10/11 at 10:44 pm


Back to top
Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
33697 posts

re: Raising taxes on the wealthy would fund the gvt for 6 days.


quote:

Yep, more unemployment, more people on welfare, more money out of peoples pockets. As a business owner, more taxes are just what I need to grow my business. Get a clue.


Or maybe you get a clue and give me the specifics that will affect your business and the percentages.






Back to top
gatorrocks
Florida Fan
Lake Mary, FL
Member since Oct 2007
8576 posts

re: Raising taxes on the wealthy would fund the gvt for 6 days.


No worries Tiger. In about three weeks, Obama's plan will be disregarded.





Back to top
DrTyger
LSU Fan
Lake Charles
Member since Oct 2009
20880 posts
 Online 

re: Raising taxes on the wealthy would fund the gvt for 6 days.


quote:

IMO, you need to learn some nuance and are the main one throwing out "sound bytes" that are lacking in substance and analysis.


You mean like Hope and Change?
Forward?
Yes we can?
Bumps in the road?
Fair share?

I could do this all day.






Back to top
Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
33697 posts

re: Raising taxes on the wealthy would fund the gvt for 6 days.


quote:

I've said it once and I'll say it again

Any politician that has the unmitigated fuking gall to ask for more of money ought to be hung

Reduce spending, balance the checkbook and then we'll talk


Fair opinion. But I hope you are ok without having social security or medical care when you get older if you really want to make some real cuts that matter.






Back to top
jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
26775 posts
 Online 

re: Raising taxes on the wealthy would fund the gvt for 6 days.


quote:

Or maybe you get a clue and give me the specifics that will affect your business and the percentages.

actually arguing that higher taxes will not negatively effect a smallish business during a recession/recovery
i am sure you are a great bean counter. i am also sure you have no clue what you are talking about economically.






Back to top
kclsufan
New Orleans Saints Fan
Show Me
Member since Jun 2008
11146 posts

re: Raising taxes on the wealthy would fund the gvt for 6 days.


quote:

Or maybe you get a clue and give me the specifics that will affect your business and the percentages.

frick you. I don't owe you shite dip shite.






Back to top


Back to top




//