Comments on: Read Declan McCullagh's Lips: No New Taxes
CNET Columnist Says Recession Is Worst Possible Time To RaiseTaxes
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- But machine guy, the corporations have been hiding our money and shipping our jobs overseas for years. That is what happens when you give tax breaks to the rich.
The right wing agenda of privatization. free market and trickle down has never worked anywhere in the world. As we can see from the last 8 years the GOP is a complete failure.
Just give me one good thing the Cons have done for our country and its people. Just one, please. - Reply to this comment
- WE ALL PAY THE TAX THAT GOVERNMENT SPENDS.
Posted by Machineguy at 05:14 PM : Oct 29, 2008
That is why we need to stop spending $10 billion/month in Iraq.
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Posted by Terrapin78 at 05:21 PM : Oct 29, 2008
I think you are right. I think we are. Too bad it took so long to get it right. But, both candidates are going to get us out. McCain just isnt going to say it publicly because it tips off the other side. - Reply to this comment
- i wonder how we''''re going to pay to get out of the hole we''''re in, keep printing more money? solution, get out of iraq and afghanistan, use that money for public works within the u.s.; cut the defense dept. budget by 10% and use those $''''s to help employ and educate. if we keep printing and borrowing money, taxes won''''t mean a thing, inflation will eat us alive. put people to work and build our infrastructure.
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Posted by bogusbones at 01:26 PM : Oct 29, 2008
You have some good ideas here. I dont agree with everything you say but its a start. One thing with printing excess money and driving inflation is it will cause other nations to not buy our products and raise prices on what they sell us. - Reply to this comment
- I just have one question. Who is going to pay for the huge federal debt thanks to Bush? It won''''t be paid w/o taxes!
How many of you are willing to cut the Pentagon budget? Did you know the defense budget has the largest cut of the federal budget? Did you know that approximately 5% of its budget every year goes to antiquated projects and equipment?
Want to learn more...go to Taxpayers for Common Sense - www.taxpayer.net
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Posted by mitch6544 at 01:28 PM : Oct 29, 2008
NOT TRUE!!!
The largest portion of the federal budget goes to entitlement programs AND IT IS GROWING faster than any other portion. Look it up, its on line. But for 2007 Social Security (including welfare) was 20.9%, Medicare/medicaid was 20.4 %, and defense discretionary was 20.1.
Most economists forecast that our entitlements (social security, welfare, etc) grow and a rate that will force the US into bankruptcy by 2050. Its a major reason Obama wants to raise taxes. But that isnt goign to work because the big money guys will move out of the US leaving you and me to pay this bill. - Reply to this comment
- WE ALL PAY THE TAX THAT GOVERNMENT SPENDS.
Posted by Machineguy at 05:14 PM : Oct 29, 2008
That is why we need to stop spending $10 billion/month in Iraq. - Reply to this comment
- I have one question? Why are sooooo many Americans worried about raising taxes on the filthy (and I mean filthy) rich? That is what Obama is talking about.
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Posted by noloyalisti at 01:44 PM : Oct 29, 2008
Because it hurts the working man more than it hurts the filthy rich!!! I know its hard to believe but heres how.
1. Many businesses move operations overseas close part of their operations. This costs American jobs.
2. Smaller businesses have to lay off workers and force overtime from the rest to make the money to pay the extra taxes. I know a man who will lay off 20 part time workers and move his business to Mexico.
3. Businesses that cant move away just raise their prices and we have to pay them.
The filthy rich CEO has already proven he can get any salary he wants. He will just make his company give him a raise to pay the higher taxes. Or he will get stock options or even get money deposited to a Swiss bank account. Taxes arent ever going to get to him. Meanwhile, his company raises prices or lays of workers to make up the difference.
The filthy rich individual will just move out of the country like Madonna did.
Inventers with a new idea will build their factories somewhere else, like Ireland.
WE ALL PAY THE TAX THAT GOVERNMENT SPENDS. - Reply to this comment
- The timeline the author lays out belays the very flaw in his thinking. The crash hit in 1929. The Revenue Act of 1932 came almost 3 years later. By the time 1936 rolled around and Roosevelt passed all the new taxes we had been in a depression for the 7 years (cited by the author as the extra time spent in the depression).
The 1929 crash was caused by sucking too much money to the top of the system which left nothing for the average consumer to spend to drive the economy. The crash of 2008 has the same basis with a twist - investors are so scared to invest today because of the illegal manipulation of books and stock valuations propagated by the "job creating" conservative economic genuis of the republican party and business. As well as the practice of allowing banks and insurance companies to become involved in stocks at all (Stegall-Glass Act 1936 repealed in 1996 under the Contract with America).
As for the two economists that said the taxes made the ''29 depression worse - I can find two economists who say Soviet Communisim worked too - that doesn''t make it true.
Face it. The conservative economic policies that brought on both crashes are flawed. If they worked they would have done all they promised from the start. They did not. And here we stand on the edge of the abyss. - Reply to this comment
- Obama wants to raise taxes on the rich....H ELL YES !!!!!
It is about d amn time !!!
Raise them even higher
That''s one reason why I voted for him and everybody posting here should too. - Reply to this comment
- Neo cons you brought this on yourselves you will not only lose major in both senate and house but also the white house.
As you told all of America.
GET OVER IT! - Reply to this comment
- I have one question? Why are sooooo many Americans worried about raising taxes on the filthy (and I mean filthy) rich? That is what Obama is talking about.
- Reply to this comment
- I just have one question. Who is going to pay for the huge federal debt thanks to Bush? It won''t be paid w/o taxes!
How many of you are willing to cut the Pentagon budget? Did you know the defense budget has the largest cut of the federal budget? Did you know that approximately 5% of its budget every year goes to antiquated projects and equipment?
Want to learn more...go to Taxpayers for Common Sense - www.taxpayer.net - Reply to this comment
- i wonder how we''re going to pay to get out of the hole we''re in, keep printing more money? solution, get out of iraq and afghanistan, use that money for public works within the u.s.; cut the defense dept. budget by 10% and use those $''s to help employ and educate. if we keep printing and borrowing money, taxes won''t mean a thing, inflation will eat us alive. put people to work and build our infrastructure.
- Reply to this comment
- McSame, the old codger is still into Ray Gun''s failed "trickle down" theory. Obama wants to bring back the power and economic strength of the middle class, the principle that made us a great progressive country.
Don''t let up, we need serious majorities in Congress as well as Obama for President to roll back the fascism. - Reply to this comment
- To all of you right-wing zealots: How about a little rationality for a moment, instead of Republican talking points.
"Wealth Redistribution" is the cornerstone of all humane democracies, and it has been so in the US almost since its inception.
Government takes wealth from those who create it, and redistributes it to serve the common good. That''''s how we get roads, bridges, armies, education systems. I don''''t have children, yet I subsidize the education of all the children in my town, village, city, state, country. That''''s "wealth redistribution"! My taxes go to build roads and bridges that I may never use. That''''s "wealth redistribution". So is prosecuting wars I don''''t agree with.
The "conservative", Bush-style "wealth redistribution" simply moves the wealth up the ladder to the wealthy - to the traders, bankers, insurance companies, drug companies and oil companies. And we already know how well they''''ve served the "common good" :-)
Both McCain and Obama are, quite rightly, seriously into wealth redistribution, no matter how much McCain, Palin and their conservative cronies lie about it.
The difference is that Obama wants to redistribute the wealth -down- the ladder, McCain and company want to redistribute the wealth -up- the ladder (those poor starving CEOs!).
I''''m not a CEO. I know who I''''m voting for.
Posted by aakalan at 12:06 PM : Oct 29, 2008
Great comment! - Reply to this comment
- Here is how the two party tax system works. The Democrats want to tax the rich and give some of it to the poor. The Republicans want to tax the middle class and give most of it to the super rich. For most of us it will not matter who gets in office. It is a lose lose situation.
- Reply to this comment
- The Reagan era has seen the balance between public and private expenditures tipped too heavily away from the public sector--we''re not investing in infrastructure and the health care and retirement systems are near collapse. We''re not likely to make the mistakes of excessive taxation that Hoover and FDR did, but restoring the balance is proper and will not damage the economy. Having a national health care system, a sound social security system, and reasonable unemployment benefits are moral as well as economic requirements of a civilized society which we must provide for somehow even if it means slowing down the economic recovery. The vast majority of the public have need of what government provides and are willing to accept reasonable taxation to get it. To paraphrase Keynes during the era you mention, "governments which provide for public need in times of prosperity had *** well better provide for public need during hard times"...
- Reply to this comment
- Yeah, the COns don''t want to raise taxes, just the costs of health care, gas, food and "fees" for services. They can just borrow, borrow, borrow and spend as long as they don''t call them "taxes". Doh!!!!
- Reply to this comment
If we did what the Reagonomics folks said to do with Social Security that would have been a disaster .... a Republican disaster!
Stop your crying about communism and socialism and look for the real problems. The rich are getting much richer and the poor are getting much poorer! The RICH NEED TO BE TAXED more than the 5-10% Ms. McCain paid in 06 (after deductions and refunds. Why do you think she has not released 07 taxes! IDIOTS! With tax exempt investments, trusts, shelters and writeoffs the richest are paying way less total percent of their income than midddle Americans are! Look it up!
Big dummies ....
Posted by txlakeside at 12:30 PM : Oct 29, 2008
HUZZAH!!!!!!!!!!- Reply to this comment
- Repub idiots, the cold war is over. Communism, Socialism and Reagonomics are all dead failed attempts at controling and managing the people.
The current system is broke and it is not communism or socialism you need top be afraid of ... it is the greed of corporate America demanding that the lower classes make them rich! Reagonomics did just that and it failed miserably .... idiots!
If we did what the Reagonomics folks said to do with Social Security that would have been a disaster .... a Republican disaster!
Stop your crying about communism and socialism and look for the real problems. The rich are getting much richer and the poor are getting much poorer! The RICH NEED TO BE TAXED more than the 5-10% Ms. McCain paid in 06 (after deductions and refunds. Why do you think she has not released 07 taxes! IDIOTS! With tax exempt investments, trusts, shelters and writeoffs the richest are paying way less total percent of their income than midddle Americans are! Look it up!
Big dummies .... - Reply to this comment
- Stop kidding yourselves, Liberals.
Reject Barack Obama.
Posted by OneAmerican7 at 12:12 PM : Oct 29, 2008
Yeah...more McBush please...
Reject McSh*tStain! - Reply to this comment
