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Juan Williams points out to the condescending Brit Hume that the rich should pay taxes

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ProfessorPlum Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-08-08 01:20 PM
Original message
Juan Williams points out to the condescending Brit Hume that the rich should pay taxes
 
Run time: 03:21
https://www.youtube.com/watch?v=ErofcW-E_LE
 
Posted on YouTube: September 08, 2008
By YouTube Member:
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Posted on DU: September 08, 2008
By DU Member: ProfessorPlum
Views on DU: 895
 
I'm particularly interested in Brit's very last statement - can it even remotely be true in any case? After these years and years and years of cuts for the rich?
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PDJane Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-08-08 01:24 PM
Response to Original message
1. It is higher than ever.....
but only because they damn well are taking in 90% of the cash!!!! They're paying nowhere near their fair share of the burden. That's why the flat tax has been proposed; that way, they pay even less than they do now!
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Pete2069 Donating Member (301 posts) Send PM | Profile | Ignore Mon Sep-08-08 02:29 PM
Response to Reply #1
8. First, let's start with the balanced budget, which was part of Clinton's plan from the beginning of

Why Clinton's economy was better then Bush's.

Clinton's economic team of Robert Rubin, Lloyd Bentson (RIP),
Leon Panetta and Alice Rivlin were all deficit hawks. All
continually argued for a balanced budget. ;They won. Clinton
came to realize the importance of balanced budgets.

But, why is a balanced federal budget so important?

http://mailcenter2.comcast.net/wmc/v/wm/48C57C28000D4F84000001AC2207021053C8CFCFCD9C0E02?cmd=Show&no=123&uid=3511&sid=c0&folder=SentMail

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Cary Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-08-08 01:26 PM
Response to Original message
2. Ever hear the phrase "figures don't lie but liars figure?"
The way they parse it out they make do make that case but we know how they do things. I'm pretty sure it depends on how they have defined taxes.

I don't have the numbers but I would bet you that if you did a more comprehensive study of this you could blow them out of the water.
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1corona4u Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-08-08 01:28 PM
Response to Original message
3. I'll tell ya, these Fox assholes....
they're scared of the Democrats, that they will have to pay more in taxes. SO FUCKING WHAT. Suck it up assholes.
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WCGreen Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-08-08 01:35 PM
Response to Reply #3
4. It's not just the Fox "assholes..."
It's all the media. Everyone you see on Cable or Network News is pulling in enough money to kick them in the highest brackets. They can't help it. They are either going to consciously or unconsciously pull for McCain Because they will make more cash with him in the White House.
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unapatriciated Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-08-08 01:43 PM
Response to Original message
5. same old line "Jobs added to the economy is a huge number"
they neglect the fact that these jobs are low paying and the working class now have to have two and three jobs to pay for essentials.
Instead of the one good job with benefits they used to have.
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Pete2069 Donating Member (301 posts) Send PM | Profile | Ignore Mon Sep-08-08 02:07 PM
Response to Original message
6. This is What The Republicans are afraid Of!!!!!
That The wealthy would not control all of the wealth and the
average Joe would share in the economy.
Seems like the corporate republicans are adding a lot of web
sites with articles attacking Clinton's historical economy for
the average citizens in this country.   The problems with
corporate republicans is they want it "ALL", and
screw the citizens of this country.  This is why they have
spread our manufacturing plants all over the world and destroy
our constitution and democracy....

******
http://clinton5.nara.gov/WH/Accomplishments/eightyears-03.html
******

President Clinton’s Record on the Economy: In 1992, 10 million
Americans were unemployed, the country faced record deficits,
and poverty and welfare rolls were growing. Family incomes
were losing ground to inflation and jobs were being created at
the slowest rate since the Great Depression. Today, America
enjoys what may be the strongest economy ever.

Strong Economic Growth:
 Since President Clinton and Vice President Gore took office,
economic growth has averaged 4.0 percent per year, 

Most New Jobs Ever Created Under a Single Administration:
 The economy has created more than 22.5 million jobs in less
than eight years—the most jobs ever created under a single
administration

Median Family Income Up $6,000 since 1993:
 Economic gains have been made across the spectrum as family
incomes increased for all Americans.
Unemployment at Its Lowest Level in More than 30 Years:
Overall unemployment has dropped to the lowest level in more
than 30 years, down from 6.9 percent in 1993 to just 4.0
percent in November 2000.
 
Lowest Inflation since the 1960s:
 Inflation is at the lowest rate since the Kennedy
Administration, averaging 2.5 percent, and it is down from 4.7
percent during the previous administration. 

Highest Homeownership Rate on Record:
 The homeownership rate reached 67.7 percent for the third
quarter of 2000, the highest rate on record. 

7 Million Fewer Americans Living in Poverty:
 The poverty rate has declined from 15.1 percent in 1993 to
11.8 percent last year, 
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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-08-08 02:13 PM
Response to Original message
7. That is why they argue that lowering taxes raises tax revenue.
It raises the income of the rich, but lowers the income of the poor so the tax burden (which is related to the value of the stagnant wages of the poor and middle class) on the poor and middle class because more oppressive. The tax burden on the rich decreases compared to their increase in wealth although they pay more dollars (worth less due to inflation)in taxes.

It used to be that lowering taxes and increasing the money supply energized the economy and increased salaries and thereby taxes paid by middle class and poor people as well as the rich. It doesn't work that way any more because the rich invest their increased revenue not in enterprises that employ ordinary Americans, but in enterprises overseas that employ people outside the U.S.

And, as we all know, the numbers of "new jobs" may have increased, but so did the numbers of "lost jobs" and the "new jobs" do not pay as well as the "lost jobs" in a high percentage of cases.

Republican double talk. Look at your own pay check. Look at your own tax bill. Think about your own job security. Think about the jobs of the people around you. Think about their pay checks.

Walk around your neighborhood. Do you see an increase in for sale signs in front of houses? Do you see empty, abandoned houses? Did you see that many signs, that many abandoned houses a few years ago?

Forget the abstract arguments of pundits. Look at the reality around you. That is how you decide how well the economy is doing. Do you want things to continue the way they are? Then you know who you should vote for . . . the same old party that has run things into the ground the past 8 years. If you want to try something different, if you think things were maybe better under Clinton, then vote for Obama.
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