Obama to Propose Millionaire Tax

[WhatsHisNuts]

Feel free to share what these loophole closings will do to a 14 trillion dollar debt. If it will put more than a very small dent in it then I will gladly retract the statement.

There isn't ONE thing that solves our current problem, but saying something SHOULD be done, then making an excuse as to why we might as well not is how we end up where we are. We need to start doing the right thing across the board. We need to start moving forward and stop worrying about how small the impact is.

 

[ssd]

Thanks, pd1 but apparently not.

Here is the solution:

$14T deficit + $65T (approx unfunded liabilities) + Duff + box of crayolas + napkin + piece of peach pie + black coffee + any ole greasy spoon diner = budget surplus

It really is THAT simple.

 

[UGA12]

There isn't ONE thing that solves our current problem, but saying something SHOULD be done, then making an excuse as to why we might as well not is how we end up where we are. We need to start doing the right thing across the board. We need to start moving forward and stop worrying about how small the impact is.

Never said we shouldn't do it:shrug: As a matter of fact I am on record here as saying that we need short term raises across the board to deal with this. My point was that calling a press conference to "announce" something that is popular yet small in impact is politics as usual. Leaving out the parts that can hurt you in the next election is politics as usual as well. I am all for doing the right things, all of them, not just a few hand-picked for each sides benefit.

 

[StevieD]

Never said we shouldn't do it:shrug: As a matter of fact I am on record here as saying that we need short term raises across the board to deal with this. My point was that calling a press conference to "announce" something that is popular yet small in impact is politics as usual. Leaving out the parts that can hurt you in the next election is politics as usual as well. I am all for doing the right things, all of them, not just a few hand-picked for each sides benefit.

Across the board tax increase will not help. We need to put money in the wallets of the middle class because they will spend it. Higher taxes on millionaires will get money into the economy. The middle class is already carrying a high burden with taxes.

 

[Duff Miver]

Thanks, pd1 but apparently not.

Here is the solution:

$14T deficit + $65T (approx unfunded liabilities) + Duff + box of crayolas + napkin + piece of peach pie + black coffee + any ole greasy spoon diner = budget surplus

It really is THAT simple.

Tell us again how the Bush tax cuts and unfunded wars improved the economy, Mr. Greenspam. :shrug:

 

[UGA12]

Across the board tax increase will not help. We need to put money in the wallets of the middle class because they will spend it. Higher taxes on millionaires will get money into the economy. The middle class is already carrying a high burden with taxes.

Not sure if you are talking the National debt or the Economy in general as there has been some mix-up on my part in here. I would be curious to know if we are talking the economy, how are higher taxes on the wealthy going to get money into the hands of the middle class. If we are talking the debt, then to think tax increases across the board would not help just doesn?t make sense to me. A lot, including some in the middle class pay zero taxes and in fact receive money back because of tax breaks and incentives. I being a recipient of some of these things over the years. The tax codes need to be overhauled if not done away with, but to assume the money needed is going to all come from the very very small percentage of "wealthy" is way off in my opinion .

 

[ImFeklhr]

we are eye to eye, mags. Except I would want the death tax applied only to estates in excess of $5mill, rather than the $1mill it will go to when the bush tax cuts expire......

Not to make it overly complex (which tax isn't?), but why not make the estate tax graduated, like the income tax.

Have a couple tiers so more people pay a bit, but there isn't one threshold people try to scheme and cheat from hitting. At the same time there wouldn't be one level where someone with a family farm or small business gets completely hosed. :shrug:

 

[StevieD]

Not sure if you are talking the National debt or the Economy in general as there has been some mix-up on my part in here. I would be curious to know if we are talking the economy, how are higher taxes on the wealthy going to get money into the hands of the middle class. If we are talking the debt, then to think tax increases across the board would not help just doesn?t make sense to me. A lot, including some in the middle class pay zero taxes and in fact receive money back because of tax breaks and incentives. I being a recipient of some of these things over the years. The tax codes need to be overhauled if not done away with, but to assume the money needed is going to all come from the very very small percentage of "wealthy" is way off in my opinion .

Dept and the economy are one and the same as far as I define it. As stated here by a few we will not cut into the debt until we first balance the budget. The major problem as I see it is that there has been too much of a redistribution of wealth over the past dozen years or so. The rich have gotten richer, the middle class has shrunk and the gap has widened between the two.
Add to this the kick in the balls the middle class has taken in the the cost of energy and health care and added taxes and or fees and you have the recipe for disaster.

 

[ssd]

Tell us again how the Bush tax cuts and unfunded wars improved the economy, Mr. Greenspam.

hmmmmm.....

Tell me when I did. :shrug: