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post on reddit: why aren't deficit hawks talking about taxing rich?

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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 10:03 AM
Original message
post on reddit: why aren't deficit hawks talking about taxing rich?
Thom Hartmann and some others on the left think they can find common ground with Tea Baggers on some issues. If they were a truly independent movement, this should surely be one way to do it.

However, I doubt any appeal that isn't on the GOP script is going to sink in since it won't be repeated ad nauseum on Fox News.

Think about it: Bush started off with tax cuts for the rich, appointed lax regulators to oversee Wall Street, gave no bid contracts for the wars, and ended with bailouts for Wall Street that cost more than the wars. Regrettably, Obama has continued many of these policies. Wouldn't it make more sense to stop treating the wealthy with kid gloves and raise their taxes, especially on the kind of trading that led to our recession instead of cutting down school weeks and closing libraries?

http://www.reddit.com/r/politics/comments/bqbh1/if_conservatives_are_finally_worried_about/
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BurtWorm Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 10:07 AM
Response to Original message
1. Because they're scared shitless of the rich and powerful.
They want us to believe it's because they don't want to disincentivize wealth, but the truth is, they're fucking cowards.
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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 12:02 AM
Response to Reply #1
9. or bought
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NoSheep Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 12:07 AM
Response to Reply #1
11. They have delusions they are "one of them".
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Better Today Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 10:07 AM
Response to Original message
2. I keep wondering that myself. The accepted standard seems to be
budget deficit means services reductions, never do you hear that it means increased taxes (except property taxes which we don't actually hear about we just get them) or even a combination of the two... just cut spending.
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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 10:19 AM
Response to Reply #2
3. It would nice if Dems had the brains to combine it with a GOP talking point
like a ''flat tax'' on investment income or ''freedom isn't free, pay your taxes.''
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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 10:24 AM
Response to Reply #2
4. It would nice if Dems had the brains to combine it with a GOP talking point
like a ''flat tax'' on investment income or ''freedom isn't free, pay your taxes.''
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Cresent City Kid Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 11:03 AM
Response to Reply #2
7. That sums it up
There is this notion that the budget is bloated with aid to the poor and foreign countries.
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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 11:52 AM
Response to Reply #7
8. it's part of the ''starve the beast'' strategy. Cut taxes for the riches then pretend those
cuts never happened and we somehow just started spending like crazy.
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Triana Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 01:21 AM
Response to Reply #2
13. you never hear them mention cutting DEFENSE (war) spending
only public schools, medicare, social security - what they call "entitlements".

Yet, the biggest part of our budget is defense (war) spending.

How about making Exxon-Mobil pay some damn taxes - and other corprats like them? They paid zero for 2009. How about taxing churches, since they like to meddle in politics. That would be one way to get more money into the budget - or to keep their noses out of politics, one or the other.

ANY of these things make more sense than taking it out of the poor and the elderly and the children who need educations. That's the problem I guess. They make sense. Pfft. :crazy:
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clarence swinney Donating Member (673 posts) Send PM | Profile | Ignore Tue Apr-13-10 10:30 AM
Original message
do not vomit from this
No Reagan and Bush Tax cuts
Treasury would have received 26,000B more Revenue since 1985

Today-14,000B Surplus not 12,000 Debt.

Total Financial Wealth Distribution
1945-1% owned 30%
1980-20%
1989-36% (Reagan gift of 80% increase--60% Tax Cut for Top)

2008-WEALTH OWNERSHIP
43%--1.5 million workers
70%-15 million
93%-30 Million

7%-120 million--rape of middle class 1980-2008

1980--10 Billionaires
1989-51
2008-403

UNDENIABLE RAPE OF MIDDLE CLASS FACTS HURT
clarence swinney
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yurbud Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-13-10 10:47 AM
Response to Original message
6. good find. Do you have sources for the numbers?
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clarence swinney Donating Member (673 posts) Send PM | Profile | Ignore Tue Apr-13-10 10:30 AM
Response to Original message
5. do not vomit from this
No Reagan and Bush Tax cuts
Treasury would have received 26,000B more Revenue since 1985

Today-14,000B Surplus not 12,000 Debt.

Total Financial Wealth Distribution
1945-1% owned 30%
1980-20%
1989-36% (Reagan gift of 80% increase--60% Tax Cut for Top)

2008-WEALTH OWNERSHIP
43%--1.5 million workers
70%-15 million
93%-30 Million

7%-120 million--rape of middle class 1980-2008

1980--10 Billionaires
1989-51
2008-403

UNDENIABLE RAPE OF MIDDLE CLASS FACTS HURT
clarence swinney
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snot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 12:29 AM
Response to Reply #5
12. I've been wondering about that, thanks. But again, source(s)?
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amborin Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-14-10 12:03 AM
Response to Original message
10. when do the bush tax cuts expire? didn't Obama promise to rescind them?
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