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Should We Cut Taxes to the Rich or Make Them Pay More?

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Do people actually think that taxing Wall Street more will create more jobs?

I'm not a "rich" guy, I just have a hard time understanding how making the "rich" pay more will create more opportunity for those of us who are not.

Thanks again.

Edited by VickyRN
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Not increasing taxes on the rich isn't exactly working out for us either....

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No matter how much princess obama and company insists it will have a positive effect, taxing job creators more will only increase unemployment. It's really not that hard to figure out. Which begs the question, do they really want to create jobs or make the masses more reliant on them? HMMM!

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So really, you don't want to talk about unions at all; you want to talk about tax hikes. We already know from experience that cutting taxes to the rich doesn't benefit the lower classes. The concern about raising taxes for the rich is that they won't invest as much into our economy; however, they have enough disposable income that taxes don't really have any effect on their spending. I've also heard people say that small businesses will be affected adversely by the tax hikes but don't most of them not even make enough money for the new tax brackets to apply to them? I admit, I have a bad habit of zoning out when people start talking about money, so maybe we're talking about totally different things here!

But anyway, "princess Obama?" Could we not call feminize someone as a means to insult them? Being a woman is not a personal failing.

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No matter how much princess obama and company insists it will have a positive effect, taxing job creators more will only increase unemployment. It's really not that hard to figure out. Which begs the question, do they really want to create jobs or make the masses more reliant on them? HMMM!

Mmmmm....how's that Fox News Kool Aid tasting?

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Cutting taxes to the rich creates more jobs. Is that simplistic enough? Some of you, I can see, need to crack open an almanac.

FYI there are 10's of thousands of small business owners who make in excess of $250K/yr. This is their new "rich" line. Now with most of these businesses over half of their income is consumed before they get to spend it. Via taxes, payroll, benefits for employees.

Now let's try to shed those liberal blinders and be logical. My best friend in San Diego owns a business where they sell molding and fire place mantels. He employs 3-4 people with 3 being full-time positions. He pays for their health insurance in full. The manager makes $85K/yr. The other 2 that work in the shop and deliver make approximately $40K/yr each. A fairly typical small business apart from the fact that he pays them a relatively high wage for uneducated positions.

Now, what do you think might happen if his taxes go to the levels that the obamastration desire. He will either lay 1 or 2 of them off or severely cut wages and benefits. That's as simple as I can make it.

The reason I bring up tax hikes in parallel with not wanting to be a part of a union (NNU) is because they support these aforementioned tax hikes and spend a great portion of my dues lobbying to that end. This should be fairly common knowledge.

I shouldn't demean the president with unnecessary names. However, the intent was in no way to associate women with personal failure. Not surprised that you took it that way though.

Edited by VickyRN
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The facts taste great.

How's that daily kos-aid tasting. 2+2 still equal 7?

Edited by Derve
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Why isn't this in the "Break Room?" This has nothing to do with unions or nursing. It's more or less a rant on the president.

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Thread moved to Political Forum in the Break Room.

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Let's try to shed those conservative blinders and be logical.

Right now the job creators need customers. A good deal of big businesses have cash to burn. Cutting taxes might have worked in the past, but it's a different time now, so the "facts" need to be updated to the hear and now. They need customers both here and abroad, big customers and the middle class customers with spending power, they don't need another tax break or changes in regulations to create jobs. They of course won't say that since they would love for us to hand them more money.

A whole other topic is that the very same people that want to hand out tax breaks to big business and "job creators" scream that we have to cut the spending. So they have to cut spending, and then cut it even more to hand out to the "job creators". I can't support that because if they aren't cutting spending to corporate welfare they are going to have to cut the middle class and poor people. I can't support that. They need to cut spending to all of us.

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The tax system needs a complete over haul. We all can go round and round, but in the end, that is the main point.

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Cutting taxes to the rich creates more jobs. Is that simplistic enough? Some of you, I can see, need to crack open an almanac.

FYI there are 10's of thousands of small business owners who make in excess of $250K/yr. This is their new "rich" line. Now with most of these businesses over half of their income is consumed before they get to spend it. Via taxes, payroll, benefits for employees.

Now let's try to shed those liberal blinders and be logical. My best friend in San Diego owns a business where they sell molding and fire place mantels. He employs 3-4 people with 3 being full-time positions. He pays for their health insurance in full. The manager makes $85K/yr. The other 2 that work in the shop and deliver make approximately $40K/yr each. A fairly typical small business apart from the fact that he pays them a relatively high wage for uneducated positions.

Now, what do you think might happen if his taxes go to the levels that the obamastration desire. He will either lay 1 or 2 of them off or severely cut wages and benefits. That's as simple as I can make it.

The reason I bring up tax hikes in parallel with not wanting to be a part of a union (NNU) is because they support these aforementioned tax hikes and spend a great portion of my dues lobbying to that end. This should be fairly common knowledge.

I shouldn't demean the president with unnecessary names. However, the intent was in no way to associate women with personal failure. Not surprised that you took it that way though.

Cutting taxes for the rich has not and will not create more jobs. Even conservatives readily admit to this; From Forbes magazine: Do Tax Cuts Create Jobs? - Forbes

Please, by all means crack open an Almanac, here's what you'll find. Over the past 30 years, the lowest tax rates on the businesses and the rich have coincided with the lowest job growth rates. Yet the highest job growth rate (2.4%) occurred under the increased high income tax rate of the Clinton era. There are well established reasons for this. First of all, higher tax rates encourage hiring more employees because then you're able to take more tax deductions. Also, asking the rich to pay at a rate closer to what the middle class pays then decreases the burden on the middle and lower class, which improves the economy and consumer confidence, which then allows people to actually buy the things that businesses are selling. A weakened middle class means fewer home owners, and fewer home owners mean fewer people able to buy to new mantels and mouldings your friend is selling since renters rarely shell out money to remodel homes they don't own.

There's also no conceivable reason why your friend would lay anyone off if the Bush era tax cuts were not extended (tax cuts which were granted because we had a surplus which we no longer have thanks to Bush). Laying off employees would only increase his tax burden, and if he were really in that much of a bind then he wouldn't be taking home more than $250,000. I'm not sure what you mean by "Now with most of these businesses over half of their income is consumed before they get to spend it. Via taxes, payroll, benefits for employees." If more than half of his income is going towards taxes and business expenses, then he's not being taxed on that won't be taxed at any additional rate.

The rich are now more rich than at any other time in History, and at the same time they pay less tax than ever. As Warren Buffet points out, his secretary pays a higher tax rate than he does (he pays 17% and his secretary pays 34%).

The rich and businesses do need to pay more since their income is more dependent on the goods and services that taxes pay for. Their goods get to market on the roads we all pay for, their employees are educated in schools we all pay for, etc.

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