Wednesday, May 30, 2012 7:16:25 AM
My 2 cents... Even if the amount raised is not significant, it's not a reason to not raise taxes. The reason really is to have equality and justice. Those super rich are a few, they certainly aren`t job creators, on the contrary, they want fewer people on their payroll. Fewer employes, more profit. I still can`t understand anyone who stands for inequality, they must be just evil people who think inside their head that poor and sick should be shot.
The way i see the current goverments all around the world are trying to give the biggest and richest the most freedom and take everything away from common people. It`s reversed, the way isee it is that goverments should stop meddling with the individual freedoms and start protecting us from the huge multinational corporations who have so much power that they can do what ever they want.
Once the next too-big-to-fail cycle begins, we all are drated..
Wednesday, May 30, 2012 5:14:41 AM
We won't get out of debt by continuous war, tax breaks for rich people and subsidies for fortune 500 companies. I wasn`t solely concentrating on the Buffet rule. Don`t worry, your taxes won`t change.
Wednesday, May 30, 2012 4:45:11 AM
Again, the only way we will ever get out of the huge amount of debt we are in is by cutting spending. Raising taxes is just an issue used to divide people, because the truth is even if we DOUBLED the income tax rates (for everyone) the government wouldn't say "hey, I just doubled my income, let`s keep living like were were and use the excess income to pay some debt off." No, they would say "I just doubled my income, I`m going to double my spending." And within a year or two, you`d have people wanting to raise taxes yet again, because the government would be spending even MORE money. That`s how our government works. Raising taxes isn`t the answer. Cutting spending is.
Wednesday, May 30, 2012 4:38:49 AM
If so, it's irrelevant. Just something the Obama administration uses to stir up class warfare. I hate to sound like an idiot like Rush Limbaugh, but it`s true. According to figures released by our own government, the buffet rule would apply to 1% of the 1%, resulting in an increase in tax revenue of (if my memory serves correctly) somewhere around 60 billion. Or, put another way, one day of government spending.
Tax breaks for the wealthy? Sure, they get some. But remember, the top 30% of income earners in this nation pay 60% of the income taxes, compared to the bottom 50% pay none at all.
I agree it`s a good thing to end the wars in the middle east. But the simple matter is that government spending is out of control. I agree Bush was a big part of that. I don`t think anyone can deny that. But Obama is worse.