Ask Me Help Desk - Debt limit

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QUOTE by tomder55;
You sound like the AFL-CIO President Richard Trumka who said :
we need to fundamentally restructure our economy and re-establish popular control over the private corporations which have distorted our economy and hijacked our government. That’s a long-term job, but one we should start now.
Sounds like fascism to me.

Sounds like democracy to me. You know the "We the people" kind of stuff that we built a nation on?

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What is unamerican is your class warfare rhetoric.

Nothing to do with class, its all about "We the people", fair play, shared prosperity, shared sacrifice during the tough times, and not strict ideology that makes one class better than the other. That gives one class the power over the other, that's based on a agenda of power, motivated by greed. That creates economic bubbles that destroy the fabric of all world economies, in the name of wealth, power, and greed, that's just plain selfish.

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What is unamerican is punishing success with punitive confiscatory taxes for the purpose of wealth redistribution .

Success on the backs of the many, by the few is NOT success. Its ROBBERY!

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What is unamerican is for the government to tell an earner what they must do with what the government thinks is excess income.

Nobody has told them anything last I checked and they sit on the sidelines with their money, and do as they please. Get your facts straight, they don't have to do anything with their LOOT, but have been ASKED to invest, create jobs, and pay taxes, and as a fact, to date, they have done NOTHING, except contribute to political campaigns to get more money through legislative protection. Just ask YOUR hero Karl Rove, or Fox News. In America, we vote for who we want in Government, and the repubs screwed it up once, and got kicked out, snuck back in, (thanks Karl), and are screwing it up again. 2012!!

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Capitalism works when there isn't government command and control .

Capitalism ONLY works when there is sufficient circulation to create demand. Insufficient government regulation allows for less circulation, wealth redistribution, misuse, and abuse through greed, slavery, discontent, chaos, and rip off.

That's just history, and why repeat what led to the Great Depression of 1929, or the Great Recession of 2008?

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Originally Posted by talaniman

Success on the backs of the many, by the few is NOT success. Its ROBBERY!

ROBBERY is taking my hard-earned dollars and giving them to someone else.

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Capitalism ONLY works when there is sufficient circulation to create demand. Insufficient government regulation allows for less circulation, wealth redistribution, misuse, and abuse through greed, slavery, discontent, chaos, and rip off.

What happens when government runs out of other people's money?

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Originally Posted by speechlesstx

ROBBERY is taking my hard-earned dollars and giving them to someone else.

So you are opposed to paying any taxes at all? Even when it goes to a fire department, roads or police?

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Originally Posted by speechlesstx

ROBBERY is taking my hard-earned dollars and giving them to someone else.

You mean like Wall Street? Or the Corporations who pay NO taxes? Please specify. We all got robbed, it wasn't just you.

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What happens when government runs out of other people's money?

The government should never be broke if all of us pay our fair share. Its OUR government remember? WE elected them. And what part of circulation are you missing? No circulation, no demand, no money, no economy. YOU are the government is the way it works! Why don't it??

You do vote don't you??

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Originally Posted by NeedKarma

So you are opposed to paying any taxes at all? Even when it goes to a fire department, roads or police?

That's quite the misinterpretation of my oft stated beliefs on the subject.

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Originally Posted by talaniman

The government should never be broke if all of us pay our fair share.

What is everyone's "fair share"? Is this everyone's "fair share"?

https://www.askmehelpdesk.com/attach...eenshot237.jpg

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You do vote don't you??

You bet your a$$ I do.

Just some things to read up on and get facts so you can read the chart you presented.

http://www.cbo.gov/ftpdocs/69xx/doc6...rporateTax.pdf

Tax rates around the world - Wikipedia, the free encyclopedia

Putting U.S. Corporate Taxes in Perspective — Center on Budget and Policy Priorities

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■The United States has plethora of generous corporate tax breaks. As the Treasury Department has noted, the United States' low effective tax rate reflects its “narrow corporate tax base,” which is the result of “accelerated depreciation allowances [and] special tax provisions for particular business sectors … as well as debt finance and tax planning.”[3]

These tax breaks lead to very low tax rates on certain types of investments — even negative rates in some cases. For example, a 2005 Congressional Budget Office study found that the effective marginal corporate rate — the rate paid on the last dollar of income earned and arguably the tax rate most relevant for investment decisions — on debt-financed investment in machinery was negative, estimated at -46 percent.[4] This means that the total value of the deductions that companies may claim for such investment is much larger than the tax they pay. (Put another way, it means that other taxpayers effectively subsidize the investment.) A recent Government Accountability Office study similarly found wide variation in effective tax rates across corporations.[5]

The Treasury Department estimates that various corporate tax breaks will cost the federal government more than $1.2 trillion over the next ten years (2008-2017), a period during which total corporate revenues are projected to equal $3.4 trillion.[7]

We can start with the green energy subsidies that go to OBama supporting ' pay no taxes' GE . Then we can go after the whole corn ethanol industry breaks that Dem favoring Iowa farmers gets . Those would be meaningful "revenue enhancing " reforms. I'd of course would go much further and reform the whole tax code. The President seems content with screwing airplane manufacturing workers in South Carolina and Wichita Kansas.

BTW ; can you please tell me the name of the evil corporation that don't reinvest earnings and don't create jobs. I'm willing to bet you'll mention corporations who hire in the 10s of thousands employees.

He said in his press conference today, that tax reform was on the table and favors cutting loopholes, and lowering the rates. Repubs said NO! No tax cuts at all. Now what? Glad to see you are on the presidents side.

As to the corporations, AND banks, circulate the money, creates DEMAND, and that's how you create jobs opportunities. Ain't that what you guys like as an economy? Supply, and DEMAND? If I can't buy, you can't supply.

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Originally Posted by talaniman

Just some things to read up on and get facts so you can read the chart you presented.

Thanks, but I can read just fine. The question remains, what is everyone's "fair share"? Define it for us, please, I'd really like to know exactly what a "fair share" is.

Hello Steve:

If taxes HURT a poor guy, taxes should HURT a rich guy. That would be fair.

excon

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Originally Posted by speechlesstx

Thanks, but I can read just fine. The question remains, what is everyone's "fair share"? Define it for us, please, I'd really like to know exactly what a "fair share" is.

Whatever we can compromise on. That would be fair. Meet you in the middle. FAIR enough?

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Originally Posted by excon
Hello Steve:

If taxes HURT a poor guy, taxes should HURT a rich guy. That would be fair.

Excon

I go with that.

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Originally Posted by excon

Hello Steve:

If taxes HURT a poor guy, taxes should HURT a rich guy. That would be fair.

excon

So Ex any tax hurts a poor guy but to hurt the rich guy the rate has to be 90%. You cannot honestly think that is fair. I used to live in a nation who had attitudes like that, thank God those people are long gone and now we think 45% is enough pain. Ex all taxation is theft but we are all agree there must be order so taxation is a compromise. We can compromise enough to decide it must be done but not enough to decide how.

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He said in his press conference today, that tax reform was on the table and favors cutting loopholes, and lowering the rates. Repubs said NO! No tax cuts at all. Now what? Glad to see you are on the presidents side.

I have made no secret about my opinion that the tax code should be overhauled . That is not what the President is proposing at all.
Even if he were ,it should be it's own proposal ,not included in a last minute move to extend the debt limit.

Face it ;the issue with the debt limit is over-spending ;not revenues. I'm opposed to raising the limit period... no negotiations ,they are a waste of time. If there is a crisis in government it's an over-spending one.

Once the government knows it doesn't have a blank check it will finally be forced to make spending priorities. Boehner should concentrate passing immediate legislation compelling the President to make debt service the #1 spending obligation... then go home for the summer .

By the way... Minnesota has been shut down for 10 days... has anyone noticed ?

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Even if he were ,it should be it's own proposal ,not included in a last minute move to extend the debt limit.

We agree, raising te debt ceiling should be a stand alone clean vote.

Wonder who put all that other crap in the game?

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Originally Posted by excon

Hello Steve:

If taxes HURT a poor guy, taxes should HURT a rich guy. That would be fair.

excon

I don't believe taxes should HURT anyone, they should not be punitive.

Eat your peas .

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Originally Posted by tomder55

eat your peas .

And don't listen to the voices.

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Originally Posted by speechlesstx

And don't listen to the voices.

You mean this "holy spirit' thing? I know. If you hear voices that tell you to do stuff then there are problems in the head.

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Originally Posted by speechlesstx

I don't believe taxes should HURT anyone, they should not be punitive.

Hello again, Steve:

So, you AGREE that the 47% of the people who DON'T pay federal income taxes, SHOULDN'T pay federal income taxes because it'll HURT 'em. I KNEW you'd come around.

excon