Obama intensifies push for ‘Buffett Rule’

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While I agree Obama is an unexceptable president, I have read no arguments that would convince me that raising taxes on the wealthiest individuals is a bad thing. I could care less and after having my pay reduced by the president and congress, out of fairness, I wholly support higher taxes on the wealthiest 0.1%.

Life isn’t fair and the wealthy make enough money as it is.
 
Hi, Ishii,

What is truly troublesome is that this line of misdirected and failed policy (tax the rich to ‘create’ jobs) has been going on for quite some time. It has never worked as a long term solution.

To be fair to the liberals, can you cite us one who says that we can use taxing the rich to create jobs?
. There have been many US economists who have won the Nobel Prize ( u-s-history.com/pages/h2007.html
 
Your assuming that the recipeints can all work. But, we are talking about SS, Medicaid, and other forms of aid. The vast majority of people who benefit from these programs, deserve to. I’m willing to pay for that. I’m also willing to insist that you do as well.

ATB
First of all, you really don’t know how many SS or Medicare recipients really need it. Nor do you really know how many recipients of any kind of governmental aid really need it.

And the people on SSI who are supposed to subsist on $600/month. Where is the program of this administration to aid them? (Hint: There is none.) What about the Medicaid recipients who, because of new rules that increase rewards for “well care” and penalize them for taking on chronic patients, the neediest of all? There is a lot of “patient dumping” going on as a result. Where is the program to rectify that? And when the Medicaid roles increase massively under Obamcare to crowd out from the limited slots available with providers, those who need it most. Who is going to rectify that?

Are you really proud of “Cash for Clunkers”; a benefit to the wealthier segment of the middle class which resulted in the massive destruction of older cars upon which poorer people rely? Is that what you’re willing to pay for and to make me pay for? And free contraceptives and abortifacients to middle class and wealthy women? You want me to pay for that? Social Security and Medicare for Warren Buffet? You want me to pay for that? You want some person struggling to raise a family on $35,000/year to pay for Warren Buffett’s social security? Do you really intend that?

It’s all well and good to declare (without knowing, of course) that nearly everybody who receives government benefits deserves to have them. But you really haven’t justified why working people should subsidize, with SS or Medicare or Cash for Clunkers or anything else, those who don’t need it. That’s part of the problem with carte blanche liberal thought. There really is no concern for those in most need. (Not enough of them exist or vote, and they sure don’t contribute money to campaigns.) Money is taken from working people in bushel baskets that are then emptied out of high rise windows onto the street, as it were.

I have no difficulty at all with providing for the truly needy. I do have a very serious problem with programs and benefits for those who don’t need it. And to say no rectification of that is possible is to be blind.

It might be informative to read the Popes’ “Social Encyclicals”. You can google them. Yes, they support providing decently for those who cannot help themselves. They do not support middle class welfare at all, period. I encourage you to study them.
 
While I agree Obama is an unexceptable president, I have read no arguments that would convince me that raising taxes on the wealthiest individuals is a bad thing. I could care less and after having my pay reduced by the president and congress, out of fairness, I wholly support higher taxes on the wealthiest 0.1%.
But that really isn’t the point is it? Or is it? If, as seems likely, additionally taxing that 1% (assuming they are reachable at all) will serve no useful economic function and might even be harmful, why should we do it? Because we hate them and want to harm them? Because we want to stick our finger in their eye, just to do it?

What is “fairness” after all? Is it “fair” to throw a rock at a Mercedes sedan passing by because I have a dent in my car?
 
What is “fairness” after all?
Some people think it is unfair that some people pay zero income tax. But is that really any less fair than Warren Buffett avoiding capital gains tax by giving away his stock? I mean how do we tell what is fair or unfair?
 
While I agree Obama is an unexceptable president, I have read no arguments that would convince me that raising taxes on the wealthiest individuals is a bad thing. I could care less and after having my pay reduced by the president and congress, out of fairness, I wholly support higher taxes on the wealthiest 0.1%.

Life isn’t fair and the wealthy make enough money as it is.
And who decides what is enough money? Sounds like class envy to me. If people are hard-working enough and inventive enough to use the good mind that the Lord gave them to enrich himself, he, and he alone, should have the power to spend his money as he sees fit. We do know that when taxes are raised, contributions to charity are reduced. And we also know that taxing as in the Buffet Rule will pay the government bill for ONE day. Cleaning up the waste, fraud and abuse, in which we have very recent examples, would do far more to enrich the treasury than the Buffet Rule. But then that does not feed the minds of those who are more and more depending on the government to take care of them.
 
Some people think it is unfair that some people pay zero income tax. But is that really any less fair than Warren Buffett avoiding capital gains tax by giving away his stock? I mean how do we tell what is fair or unfair?
And that StinkCat IS the issue…WHO says what is fair or unfair? It all depends on whose ox is being gored doesn’t it? Please re-read Ridgerunner’s amazing post which addresses many of these issues.

I do not think it’s fair that nearly half of Americans do not pay income taxes. And please don’t go down the road of “well they pay payroll taxes.” Have you noticed the new terminology established to obfuscate the issue? “Payroll taxes” are SOCIAL SECURITY AND MEDICARE TAXES. The theory being that because Americans were not saving for retirement and future health problems the government would force this savings onto them. So presumably paying these taxes is simply a savings program…albeit that it hasn’t worked out that way…since the SS fund is being raided for other expenses and most people get out far MORE than they put in.

Back to the issue. A truly poor or needy person without resources should not pay income taxes but I do not believe half of America is poor. They should have some skin in the game if nothing else to feel that they have a vested interest in what the government does with THEIR money not just MY money. It’s much easier to just sit back and let other people pull the load and then vote yourself more benefits and I frankly think that is what the Democrats have in mind.

As to being “fair” Buffet avoids capital gain taxes by giving away his stock…what do you mean here? If you mean he donates it to charity so what? Isn’t that a good thing? (I dont’ agree with Buffet’s charities but the concept of charitable giving is to be encouraged IMO). The tax he avoids is very low. He would be far better off to give away money that was ordinary income and taxed at higher rates. I’m totally confused what bothers you about the scenario but I may be missing something.

At any rate my mom told me life isn’t fair back when I was about seven. She was right.
Lisa
 
And that StinkCat IS the issue…WHO says what is fair or unfair? It all depends on whose ox is being gored doesn’t it? Please re-read Ridgerunner’s amazing post which addresses many of these issues.
Actually, I think a reasonable person can look at a situation and see that something is unfair even when his ox is not being gored. For example, I benefit from a loophole that is not available to most taxpayers. Because of my job, which is teaching at a state university, I can contribute to both a 403b and a 457 plan and put up to $17k in each. In other words, because of an arbitrary difference between my job and most people’s and can deduct up to twice as much for retirement savings. Is that fair? I cannot see how such a silly thing could be fair, even though it benefits me.
I do not think it’s fair that nearly half of Americans do not pay income taxes. And please don’t go down the road of “well they pay payroll taxes.”
But there is no way you can establish that your version of unfairness is morally superior to the person who claims that it is unfair that Warren Buffett pays a lower tax rate than his secretary.
Have you noticed the new terminology established to obfuscate the issue? “Payroll taxes” are SOCIAL SECURITY AND MEDICARE TAXES. The theory being that because Americans were not saving for retirement and future health problems the government would force this savings onto them. So presumably paying these taxes is simply a savings program…albeit that it hasn’t worked out that way…since the SS fund is being raided for other expenses and most people get out far MORE than they put in.
Of course, many of the people who dodge taxes completely are older people, who might actually have to pay taxes if we forced them to take responsibility for their own health care and retirement spending.
Back to the issue. A truly poor or needy person without resources should not pay income taxes but I do not believe half of America is poor. They should have some skin in the game if nothing else to feel that they have a vested interest in what the government does with THEIR money not just MY money. It’s much easier to just sit back and let other people pull the load and then vote yourself more benefits and I frankly think that is what the Democrats have in mind.
It is not just democrats who are guilty of this kind of thinking. How many republicans get government benefits as well? I know many republicans who receive medicare and never think of it as wasteful government spending.
As to being “fair” Buffet avoids capital gain taxes by giving away his stock…what do you mean here? If you mean he donates it to charity so what? Isn’t that a good thing? (I dont’ agree with Buffet’s charities but the concept of charitable giving is to be encouraged IMO). The tax he avoids is very low. He would be far better off to give away money that was ordinary income and taxed at higher rates. I’m totally confused what bothers you about the scenario but I may be missing something.
At any rate my mom told me life isn’t fair back when I was about seven. She was right.
Lisa
My point on Buffetts stock giving is that if let anyone claim anything is unfair then we cannot criticize anyone else for criticizing something as unfair.
 
Well, you attrribtued the moving out of Detroit to ‘racism’. That sounds like blame.

It seems to me that moving out just to get peace, quite and perhaps safety are all reasonable explainations for the move out of Detroit.

I know families, my father’s included that moved out of Belfast, not out of any animosity towards Protestants, or even that they felt oppressed as Catholics. But just to get away from the riots and violence.

So if you choose not to blame, will you retract your claim that ‘White Flight’ was due to racisim?
Your sure you live in the city of Detroit? If so, you should already be well versed in “our troubles”. Racism caused a wedge between the city of Detroit, and the more afluent suburbs. When whites left, their goal was sealing Detroits fate. Before long, whites were afraid to go to Detroit. Blacks who managed to find jobs in the suburbs. Were met with hostility. Their employers treated them badly. Then, they were glared at in any local store they walked into. This has done irreparable harm to our region. His term over, Jerome Cavanaugh was replaced By Roman Gribbs. Then Coleman Young held the office for 20 years. Sadly, he followed James Curley’s example of leadership. US-vs-THEM.

As shops, and plants left. Tax revenue diminished. Without the tax revenue to support their city. They had no choice but to watch it crumble. In this enviroment, how could you expect to foster hope in school children? So, to quote your James Joyce. “-there was no hope!”

I stand by my comments, and retract nothing.

ATB
 
My point on Buffetts stock giving is that if let anyone claim anything is unfair then we cannot criticize anyone else for criticizing something as unfair.
Which I think is a good point when setting policy and laws you never use the word fair. So let’s drop fair from the discussion and talk from first principles like everyone equal before the law and government takings for the “common good.” I am sick to death of the greed of the US government masked as “fair share.”
 
First of all, you really don’t know how many SS or Medicare recipients really need it. Nor do you really know how many recipients of any kind of governmental aid really need it.

And the people on SSI who are supposed to subsist on $600/month. Where is the program of this administration to aid them? (Hint: There is none.) What about the Medicaid recipients who, because of new rules that increase rewards for “well care” and penalize them for taking on chronic patients, the neediest of all? There is a lot of “patient dumping” going on as a result. Where is the program to rectify that? And when the Medicaid roles increase massively under Obamcare to crowd out from the limited slots available with providers, those who need it most. Who is going to rectify that?

Are you really proud of “Cash for Clunkers”; a benefit to the wealthier segment of the middle class which resulted in the massive destruction of older cars upon which poorer people rely? Is that what you’re willing to pay for and to make me pay for? And free contraceptives and abortifacients to middle class and wealthy women? You want me to pay for that? Social Security and Medicare for Warren Buffet? You want me to pay for that? You want some person struggling to raise a family on $35,000/year to pay for Warren Buffett’s social security? Do you really intend that?

It’s all well and good to declare (without knowing, of course) that nearly everybody who receives government benefits deserves to have them. But you really haven’t justified why working people should subsidize, with SS or Medicare or Cash for Clunkers or anything else, those who don’t need it. That’s part of the problem with carte blanche liberal thought. There really is no concern for those in most need. (Not enough of them exist or vote, and they sure don’t contribute money to campaigns.) Money is taken from working people in bushel baskets that are then emptied out of high rise windows onto the street, as it were.

I have no difficulty at all with providing for the truly needy. I do have a very serious problem with programs and benefits for those who don’t need it. And to say no rectification of that is possible is to be blind.

It might be informative to read the Popes’ “Social Encyclicals”. You can google them. Yes, they support providing decently for those who cannot help themselves. They do not support middle class welfare at all, period. I encourage you to study them.
A lot of words there. I agree that the rules that govern SSI, and Medicaid should be revised. I liked that the Cash for Clunkers money was taxed. I didn’t like that it detroyed a lot of used cars that had many useful years ahead of them. I feel sorry for any person who took advantage of the program and bought a Hyundai. Then foolishly parked within range of my Trucks heavy doors.:rolleyes:

ATB
 
Your sure you live in the city of Detroit? If so, you should already be well versed in “our troubles”. Racism caused a wedge between the city of Detroit, and the more afluent suburbs. When whites left, their goal was sealing Detroits fate.
ATB
You are ambiguous here. Do you mean that the goal of the people leaving was to somehow force Detroit into a particular fate?

Or that the goal of providing safe housing, clean air and perhaps something more than a postage stamp backyard for their families was a bad thing?
 
To be fair to the liberals, can you cite us one who says that we can use taxing the rich to create jobs?

Paul Samuelson and Paul Krugman are two economists who have advocated for both higher taxes and income redistribution and they both have the nobel prize.
And Yasar Arafat has a nobel prize also.
 
And Yasar Arafat has a nobel prize also.
I wasn’t the one who brought up the nobel prize, some poster asked for the name of an American nobel prize winner who advocated income redistribution. While I disagree with both of their politics, I think both the Paul’s were good economists. Krugman was much better in his younger days before he started ranting about republicans.
 
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