PPP poll finds 49% of Republican voters think ACORN (which shut down in March, 2010) stole the election for Obama.
You can't make this stuff up...
You can't make this stuff up...
Most of the time he just rips the piss out of conservatives - often very amusingly. But when he can be arsed to do a proper long, researched piece, they're invariably excellent.
Krauthammer begins his column by sneering at Obama’s “landslide 2.8 point victory margin.” In fact, with votes still being tabulated, Obama is currently leading by 3.6% and rising — a reasonably healthy lead in comparison with, say, the 2.4 percent victory for George W. Bush in 2004, which Krauthammer at the time called “a large majority, or a significant majority.”
Krauthammer proceeds to argue that the entire point of the negotiation — or, rather, “demand” — is to humiliate the poor Republicans rather than actually reduce the deficit:
As for the alleged curative effect on debt of Obama’s tax-rate demand — the full rate hike on the “rich” would have reduced the 2012 deficit from $1.10 trillion to $1.02 trillion.
That’s a joke, a rounding error.
It is certainly true that Obama’s proposal would have minimal effect on revenue in year one. In part that’s by design — if it sucked a huge amount of revenue up immediately, Krauthammer would (justifiably) complain that Obama was proposing to induce a new recession. But Obama’s revenue plan would leave a serious dent in the long-term deficit. If Krauthammer doubts this point, I would refer him to six paragraphs earlier in his own column, in which he bemoans the vast $1.6 trillion in higher revenue Obama’s proposal would raise.
Now isn't the time to be raising taxes on too many people when what you really need is stimulus?
This. We shouldn't be engaging in any sort of austerity right now, but Republicans insist, and they can't be circumvented since they control the House.
A lot of the $100K+ types live in high cost-of-living areas like NYC/DC/LA/SF and are basically middle class, if on the upper end of that scale. Taking money out of their pockets will reduce their spending, which will have anti-stimulative effects. The reason we want taxes going up on the top brackets is that it has no significant anti-stimulative effects, so if we can concentrate as much of the deficit reduction, we can avoid too much negative impact on growth.
Charlie Crist has changed sides to the Democrats, apparently.
Schumar, the senator from New York was suggesting for a while raising the tax rates for only those above 1 million. $200,000 is not a whole lot if you live in NY and SF.
$250,000 is good strategy.
But the biggest thing we need is a large stimulous...errr jobs bill.
Maybe the orthopedic surgeon should send his kids to public school.
Schumar, the senator from New York was suggesting for a while raising the tax rates for only those above 1 million. $200,000 is not a whole lot if you live in NY and SF.
$250,000 is good strategy.
But the biggest thing we need is a large stimulous...errr jobs bill.
Not trying to be sarcastic here, but seriously, even if no arrangement is made before the end of the year and taxes go up on everyone, what does it fix? Nearly nothing. It is nothing compared to what is being spent. Not sure of the exact timeline but this tax increase funds the gov't for something like two weeks.
It doesn't begin to address the debt or deficit.
Tax reform must be done but spending must be addressed as well.
Not trying to be sarcastic here, but seriously, even if no arrangement is made before the end of the year and taxes go up on everyone, what does it fix? Nearly nothing. It is nothing compared to what is being spent. Not sure of the exact timeline but this tax increase funds the gov't for something like two weeks.
It doesn't begin to address the debt or deficit.
Tax reform must be done but spending must be addressed as well.
What do you reckon to the idea of a flat sales tax?
What do you reckon to the idea of a flat sales tax?
The whole issue of rates going up is more a recognition that the top part of society has had an unfair advantage and now they need to 'pay their share'. I agree it does not do much to address the defecit,, which I think is what you are talking about. Tax reform does need to be done...but specifically it needs to close all the loopholes which allow people to keep their money overseas and thus avoid paying US taxes...ala Romney.
Spending cuts need to address waste mare than anything. Payments to third parties be it medicare, medicaid, defence what have you. Beneficiaries must not suffer. They did not cause the recession. And if the aim is to get us out of recession...its the worst idea to actually take money from those who will be the first to spend it...the economy simply needs more people to spend.
I think this is getting through...though there is posturing from the right against such 'socialist' thoughts.
I assume that is a provocative question...![]()
I assume that is a provocative question...![]()
Not really. I've heard several versions of it discussed. Just wondered if you'd ever considered it as a real alternative to the current system.
Well again, paying their fair share is bunk. The top 2% already provide something like 50% of the revenue. Seems like their paying one hell of a share already. After Jan 1, here in Cali the taxes go up (some retroactively I might add) and I will be paying somewhere between 38-41% and that doesn't count the zillions of other taxes and fees. That's a lot of money I give to the feds and Sacramento. A lot.
And the term "rich" is becoming less and less as time goes on. The slogan was "millionaires and billionaires" now it's families making $250K.
I've heard that argument before. It only makes sense when tax rates are compared...you earn more you pay a higher rate. Saw this elsewhere. They worked out that you need to be earning at least $75,000 before you don't have to worry about basic things....now this was in Minnesota. I can understand in California and New York, that level will be much higher.
About taxes in general, I am not one that thinks just taxing people is the answer. There needs to be accountability and all spending needs to be monitored closely so there is little waste/fraud and such.
You'll know better about all those fees. Surely all these need to be explained.
This much I do know...asking those at the bottom to carry the bigger burden solves nothing...those at the top are not going to wilt if asked to pay a point or two more.
it has been spouted by righties naturally. if implemented, it would transfer the burden directly on the most vulnerable.
Of course not. And no reasonable person can argue about paying a bit more right now. We're in a mess and some can help more than others. I'm not in the highest bracket but I'm in the next one down. I am by no means rich. And I am willing to help. But here's my problem, politicians (on both sides) never address spending, NEVER!! Even when they say they've cut spending, most times they are talking about cuts to the baseline increases. That's insane. So by cutting from a 7% increase to a 5% increase you've cut spending? No, you reduced the increase, not the same. I don't care how you spin it.
Spending needs to be cut.
This whole hub bub about the fiscal cliff is just plain dumb. It's distracting from the real problem. This is all about egos. Obamas and Boehner/McConnells. Dems need to be careful on this one. If they get the increases they are looking for (and they will) the average dumb American might think things will turn around but they won't. In reality these increases are symbolic, nothing more.
http://www.huffingtonpost.com/dan-froomkin/republican-lies-2012-election_b_2258586.html?go=1
Interesting take on how the right have manipulated the media.
the latest strategy GOP is pursuing is to divide up the electoral votes so that it is not winner take all. PA and OH are two where they are trying this.
Cali, the top 1/2/5/10% whatever do indeed pay the majority share of taxes, around 50-60% of all taxes contributed. However, their collective share is dwarfed by the wealth they control at over 90%. Not really a fair comparison without that ratio in play. The "they pay the majority share in taxes" argument often fails to include that tidbit about the overall wealth.
A better view...
Rich 90% of wealth, 60% of taxes
Everyone else 10% of wealth, 40% of taxes
Btw, pay me $200k in any city and you'd see a big feckin smile on my face daily.
Comparing Wealth and taxes can be misleading, especially when talking about income taxes. but of course the point is really that the tax system should be fare.
If life isn't fair, why should taxes be fair?
Rich people have way more advantages than poor people as soon as they are born.