Quote:
Originally Posted by zimmy
You are also very humble  I said a return to the tax rates on the wealthy of Reagan, Clinton, or Bush 1 for that matter would affect the YEARLY DEFICITS. We need to reduce the borrowing first. I then followed with long term deficit reduction requires both tax increases and cuts. Just because you don't understand that, does not mean your statements are facts. I guess supporting the tax policies of each of the last presidents except GWB makes me a Marxist. I am a big boy, you aren't going to make me feel sad or inferior with your name calling. Actual taxes paid by the wealthy has declined since 1995. Why hasn't that policy created a booming economy? Oh wait, Obama wrecked the economy, that's right. I think JohnR's thoughts on capital gains taxes are right on target. The most reasonable analysis of economics, in my opinion (I guess if they were your ideas, they would be facts), is that both taxes and cuts are necessary to solve the long term budget issues. That is not an original idea of mine, but it makes sense based on mathematics. I will admit, you are right, just taxes can't do it. I have pointed that out each time I have posted. Maybe you missed that  |
Zimmy, in an earlier post, you said tax hikes would put a "big dent", or something like that, in the annual deficit. The annual deficit is $1.5 trillion. From what I recall,liberals say tax hikes on the rich MIGHT get us $90 billion. $90 billion is less than 1/15th of $1.5 trillion. Whoop-dee-doo.
Zimmy, can you answer a direct question? If social security and medicare need at least $50 trillion in the next 30 years, and you oppose conservative proposals to scale back the benefits, WHAT'S YOUR SOLUTION? Leave that problem for our kids and grandkids?
"Actual taxes paid by the wealthy has declined since 1995."
Really? Can you back that up please? Just because Sean Penn says it, doesn't make it fact.
"Why hasn't that policy created a booming economy? Oh wait, Obama wrecked the economy, that's right. "
The subprime mortgage crisis wrecked the economy. In my opinion, no one party caused that. Lots of blame to go around.
"both taxes and cuts are necessary to solve the long term budget issues."
I have asked you more than once to post some numbers that support the notion that tax hikes can have a meaningful impact. I keep asking, and you keep dodging.
We need more tax DOLLARS. If the economy grows, and tax rates stay the same, the feds get more tax dollars. That is the best solution. You cannot even prove that raising tax rates will result in more tax dollars collected...the Bush tax cuts proved that tax rates and tax dollars collected do not always move in the same direction.