daz28 wrote:
Oh boy, here we go!
You mean this DRAFT of an UNDATED bill is what he proposed to pay for the infrastructure bill. Not sure how you made that stretch, haha. “This is not an administration proposal," Sorry, gonna have to cry talking out your ass here.
http://thehill.com/blogs/floor-action/h ... y-the-mile This bill will never pass, so it was an irrelevant post anyways in the grand scheme of things. It was just the idea of it that pissed me off. It's a fucking stupid, horrible idea to raise taxes to all Americans.
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So only "discretionary spending" helps the economy?? Really?? So you think this unemployed guy is going to stash the money away??? For how long?? He was unemployed, remember?? As for him paying taxes on his wages, he won't pay hardly anything, in fact federal income tax will HELP him if he has kids. So the REALITY is he gets a job for two years, files a federal tax form and gets back probably MORE than he paid in, and it's paid for by people who could blow their noses with $100 bills, and it wouldn't hure them. Problem, you say?????????? I don't see a problem.
What other kind of spending is there? Everyone's going to to spend money on the baseline stuff they need. But that government employee who's going to be jobless after 2 years isn't going out and buying his kid a $500 bicycle at his local bike shop for Christmas.
As for your taxes argument, I have no idea what point you're trying to make. My point is, this man would potentially be taxed on his tax dollars. That's double taxation.
All car owners, including this man himself, pays the government extra money. That money is used to pay him for his work on infrastructure for two years. During those two years, a portion of the money the government gave him is withheld for as income taxes, so even if he gets a refund, he's still being taxed on his tax dollars. And on top of that, all the driving he's doing is costing him tax dollars now, too.
You know what else happens during that time? Because the government is spending MORE money and increasing the deficit, inflation occurs. Think the construction companies adjust this guys salary for inflation? No. In fact, wages have been stagnant in America over the past 4 years while the cost of living is on the rise.
This is strictly due to the Federal Reserve printing currency to cover our deficits. It's a hidden tax. Why do you think our currency has inflated nearly 100% since 1913?
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Those retirement portfolios took a big hit THE MINUTE Bush went into office for the "booming 00's". Not to totally discredit your boating industry profile, but that's certainly not enough to prove to me or anyone we were high on the hog until Obama took over, because that's what you're implying. The same deficits you're crying about are THE SAME ONES THAT WERE CREATED DURING YOUR SUPPOSED BOOM created by the tax credits. Coincidence??? Let me make this simple. You, me and Thomas Vanek all put in $5/year to pay our taxes. Say we give Vanek a credit of $2, and then we fall short of paying our taxes by $2. It doesn't take a scholar to figure out why Vanek now has a boat, and yet we're short, does it??
I never, not once, said Obama was responsible for our economic collapse. The housing collapse was caused by legislation that occurred in the 90's, that was mainly pushed for by liberals. Shall I give you another history lesson?
The US department of Housing and Urban development mandated that Fannie Mae and Freddie Mac offer subprime mortgages to the middle class and poor. These mortgages weren't available on the free market from private banks and credit unions because the portfolios were too risky, and they knew that these were the kind of people that would default on their loans.
Thanks to this government mandate on Fannie and Freddie, millions of financially unqualified Americans bought homes. In 2007, these people started defaulting on their loans, and within a very short period of time, the market was flooded with cheap, foreclosed homes.
Guess what happens when the market is flooded by cheap, foreclosed homes? Existing home values decline, and responsible home owners who were making payments on time lost all of their available equity in their homes.
THAT'S why the economy collapsed. It was nothing Obama or Bush or Clinton did. It was congress in 1998.
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Well, I'm glad you know what the rich are doing with their money. I was figuring they were investing it in other countries. It's a real relief to know they're holding onto it until the U.S. gives them a fighting chance to make some REAL money. I mean $50 billion in profits is hardly worth their time/effort right now, is it?? What's wrong with FAIR tax rates, anyways? Why do they have to be low?? As much as you'd hate to admit it, we NEED a government. That government isn't free. If you want, we can make corporate tax rates 0%, and then just tax the people at whatever rate it takes, but that'll drive up wages, which the company will have to pay ANYWAYS. See the inherent problem here. Taxes are necessary, AND they have to be paid. 2 facts of life. Saying lower taxes is better, is a fools game. It's all politics, because it HAS to come from somewhere.
I'm not saying that the super rich shouldn't be taxed higher, or at least proportionately to the middle class. But we shouldn't be driving jobs away with high corporate tax rates when millions of people in this country are begging for jobs.
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As for the deficit, which you seem to think is the REAL problem. Well, we have to solve that like REAL people would. If it were a person's debt, you figure out WHY IT HAPPENED(so you don't do it again), and then gain additional income(aka tax revenues) to pay it off. I think we all know why it happened. The great de-regulator theory proved you can't let banks operate any old way they like, so the next asshole candidate that says de-regulation should clearly be shot. The other reason is the "have a beer with him" presidential theory. The Iraq war was money we couldn't afford to spend, and we did it anyways. I suppose we should have ripped up that fuktards credit card, but we had no way to do so. I guess the lesson learned there is to vote for a president who isn't stupid.
How on earth are deregulated banks to blame for our national deficit? They are't even close to being linked. The government spends too much money. Plain and simple. Too many stupid and unnecessary bureaucratic departments, and too much money spent on militarism.
Cut them, balance the budget, stop inflating our currency, lower taxes, create jobs, and you have a recipe for a successful economy. You know, the one this country operated on and made it great for over 200 years before all this ridiculous legislation in the 1900's...
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