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CAG's "vs. mode": Politics & Controversy - Argue to your cheap ass heart's content on politics and other subjects ripe for argument.
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The rich get richer

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Old 06-29-2004, 01:08 PM   #1
The rich get richer

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One of many reasons I will be voting for Kerry is that I don't like seeing tax money fly out the window to the rich. The rich are much richer now than before Bush and the poor are poorer. Money is scarce for most and plentiful for a few. The big surprise is going to come when the poor majority have no money. The economy will collapse if 100,000 - 500,000 people hold all the money. What will poor people use to buy the shit at Wal-Mart that is made overseas by people making 30 cents an hour? At that time after the economy has collapsed, all the glorious money that Bush has been handing over to the corporations and CEOs who have no conscience will be worthless! We will all be on a level playing field again.

A perfect example is the abolition of the dividend tax. If I remember the figures correctly, 50% of this cut went to the top 1% of wage-earners in the US. Add in another 4% of the top wage-earners, and you have 75% of this tax cut which amounts to billions of dollars to the top 5% of US wage-earners! So, instead of spending those billions to reduce the cost of healthcare or to provide more federal money to education or even to fund the war (which was instead funded by our Social Security) , it will help to pad the pockets of people who aren't putting their money back into the economy, but are hoarding it in offshore bank accounts to avoid taxation. I personally think it is all an outrage.
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Old 06-29-2004, 01:12 PM   #2
I think you really should of included this in one of the other 2 John Kerry/George Bush threads that are going on right now.

http://cheapassgamer.com/forum/viewtopic.php?t=20822
http://cheapassgamer.com/forum/viewtopic.php?t=13581


I'd cut and paste your comments into one of those threads and have this one Locked.
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Old 06-29-2004, 01:19 PM   #3
OMG. Why don't we just abolish money altogether and have everyone stand in line for bread? It will be so much better once the incentive to learn and develop new technologies and medicines is erased from society. At least I know I can sit on my ass all day and have everything I need handed to me without lifting a finger. Paradise.
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Old 06-29-2004, 01:24 PM   #4
edit:I'm staying out of political threads. I always read this wrong :P
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Old 06-29-2004, 01:28 PM   #5
yea rich 4 life bitch!!!!!!
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Old 06-29-2004, 01:28 PM   #6
Quote:
Originally Posted by javeryh
OMG. Why don't we just abolish money altogether and have everyone stand in line for bread? It will be so much better once the incentive to learn and develop new technologies and medicines is erased from society. At least I know I can sit on my ass all day and have everything I need handed to me without lifting a finger. Paradise.
Preach it my brotha!

If the "rich" have all the money...where the hell do you think all the tax dollars come from that get dolled out to the lazy asses as hand-outs?

Hmmmmm?

The rich in this country pay over 90% of the tax burden (it's actually higher than that - but I don'thave the exact figure)...obviously a tax cut goes to those WHO PAY TAXES!!!! If you don't pay in...you don't get anything back...simple as that.

Go cry on someone elses shoulder...society does not owe anybody anything...welcome to capitolism 101...get off your ass and work and make something of yourself. If not...live in squander.
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Old 06-29-2004, 01:31 PM   #7
The original author of this post has as much reality based knowledge of economics and tax law as I do about quantum physics and hydrodynamics.

Which is to say.... I don't know shit about either one and neither does he. This isn't worth the 3 calories I just spent typing this.
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Old 06-29-2004, 01:32 PM   #8
To the OP..

A. Take an economics class before prediciting the crash of the American economy from whats helping the economy.

B. Do you understand the point & purpose of capitilasm?
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Old 06-29-2004, 01:35 PM   #9
GOOD.

Its time I got some of my money back.
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Old 06-29-2004, 01:44 PM   #10
Quote:
Originally Posted by PittsburghAfterDark
This isn't worth the 3 calories I just spent typing this.
lmao

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Old 06-29-2004, 01:52 PM   #11
Hey, hey, listen to me! Listen to my political views! Almost everybody already knows who they are voting for, but I just thought I'd let you know who I'm voting for, just in case you are really gullible and will vote for whoever I tell you! Hey!
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Old 06-29-2004, 01:55 PM   #12
Quote:
Originally Posted by Cornfedwb
To the OP..

A. Take an economics class before prediciting the crash of the American economy from whats helping the economy.

B. Do you understand the point & purpose of capitilasm?
I hate to get involved, but you need to follow your own advice. Every macroeconomics class I have ever taken has said time and time again, that a tax cut is the worst way to improve the economy.
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Old 06-29-2004, 02:05 PM   #13
Quote:
Originally Posted by Tromack
Quote:
Originally Posted by Cornfedwb
To the OP..

A. Take an economics class before prediciting the crash of the American economy from whats helping the economy.

B. Do you understand the point & purpose of capitilasm?
I hate to get involved, but you need to follow your own advice. Every macroeconomics class I have ever taken has said time and time again, that a tax cut is the worst way to improve the economy.
Taught by people who benefit from the tenure system?
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Old 06-29-2004, 02:10 PM   #14
Quote:
Originally Posted by Tromack
Quote:
Originally Posted by Cornfedwb
To the OP..

A. Take an economics class before prediciting the crash of the American economy from whats helping the economy.

B. Do you understand the point & purpose of capitilasm?
I hate to get involved, but you need to follow your own advice. Every macroeconomics class I have ever taken has said time and time again, that a tax cut is the worst way to improve the economy.
Re-read the original post, he's not saying taxes are going to crash the economy, and I never said a tax-cut was a good way to help the economy. OP implied the economy would crash because indigents would become even more poor and not shop at wal-mart anymore, thereby collapsing our economy.

Our economy's skeleton (and most of its flesh and blood) is built around large corporations and the rich. The poor don't move the economy much one way or another.

edit - Hey, I just noticed I hit Veteran today, woo go me.
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Old 06-29-2004, 02:26 PM   #15
Actually the economy itself was built around small business and farmers. Every big business was once a small business.
But as the businesses got bigger, they had their lawyers lobby for tax loopholes and 'exceptions' that fit only their industry/company/business whatever.
And of course now there are so many requirements and legislative hurdles in the way of the small business, 99 out of 100 fail because of the cost of compliance that is figured into their prices and overhead.
I agree there are way too many loopholes, and that's why they seem to 'benefit' the rich--because the 'rich' have the assets to take advantage of the loopholes, and have the money to hire lawyers/lobbyists to beg from politicians. Who then cave in and give away those exceptions. Which happens on both sides, R and D. Same thing with all those federal pork projects.
And a class may say that a tax cut doesn't help the economy, but there's a big difference between reality and theory, especially regarding something as complex as taxation/economics. Viz: Reagan's tax cuts in the 80's.
Dividend tax cuts affect those who can afford to invest in companies--which is another cornerstone of our economy. The 'poor' are so used to 'Here, have a little help since you can't do it yourself' and just enough help to keep them from starving but not enough so they can be independent, that they don't have the money to invest.
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Old 06-29-2004, 02:28 PM   #16
"Was built" and "is supported" are two very different things dtcarson. Small businesses do not support our economy, and haven't for 75+ years.
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Old 06-29-2004, 02:34 PM   #17
Quote:
Originally Posted by CTLesq
Quote:
Originally Posted by Tromack
Quote:
Originally Posted by Cornfedwb
To the OP..

A. Take an economics class before prediciting the crash of the American economy from whats helping the economy.

B. Do you understand the point & purpose of capitilasm?
I hate to get involved, but you need to follow your own advice. Every macroeconomics class I have ever taken has said time and time again, that a tax cut is the worst way to improve the economy.
Taught by people who benefit from the tenure system?
Um...yeah. I'm sorry that the school I go to, one of the top ten schools in the nation, has a tenure system. Just like every other damn school.

And Corn, I'm sorry. Your post was vague, and I thought that you were applauding the Bush tax cut.
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Old 06-29-2004, 02:43 PM   #18
Quote:
Originally Posted by Tromack
Quote:
Originally Posted by CTLesq
Quote:
Originally Posted by Tromack
Quote:
Originally Posted by Cornfedwb
To the OP..

A. Take an economics class before prediciting the crash of the American economy from whats helping the economy.

B. Do you understand the point & purpose of capitilasm?
I hate to get involved, but you need to follow your own advice. Every macroeconomics class I have ever taken has said time and time again, that a tax cut is the worst way to improve the economy.
Taught by people who benefit from the tenure system?
Um...yeah. I'm sorry that the school I go to, one of the top ten schools in the nation, has a tenure system. Just like every other damn school.

And Corn, I'm sorry. Your post was vague, and I thought that you were applauding the Bush tax cut.
Aren't you wonderful. Pass a bar exam and we will talk.

Do you fail to acknowledge you are being taught economics by people who profit from a system which does not reward competition?

By an extension of your logic if we had a tax rate of 100% everything would be ok with the economy?
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Old 06-29-2004, 02:53 PM   #19
http://www.sba.gov/advo/stats/sbei02.pdf

Actually, according to numbers from Small Business Advocacy,
"Small firms represent about 99 percent of all employers, employ about half of the private sector workforce, and are responsible for about two-thirds to three-quarters of the new net jobs."
Granted this is a report from 2002, but the trends I'm sure are similar.

It's just that we hear about the big companies more, and certainly they can control and funnel more dollars through their businesses, but small businesses are still a core part of our economy.
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Old 06-29-2004, 03:10 PM   #20
I would love to know where some of you lefties get your information from...small business doesn't support the economy?? or Tax cuts are the worst way to help an economy? was this from your teachers mouth or from a text..a little bit of tweaking everything is the best way to run the economy, I don't think a 4% or so tax cut on someone paying 38% is really messing with the tax system
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