ACORN suing Congress?

[Adam]

The world wouldn't end, but it wouldn't be the America that made it great. It would basically be a more European style U.S.

 

 

Trickle down economics is one of the best ways to promote employment in the U.S What some of you don't understand is that those who are the highest income earners are generally the ones who provide the most employment opportunities. You see, it's simple, if you incentivize and give tax breaks to these individuals, then they will be able to have more funds to expand, therefore providing more employment opportunities. The idiots on the left, believe we should take a larger share of their funds, as they do in Europe, and redistribute it to those who they feel are in "need" of it.

 

Of course this does a couple things, one, it takes away from the bottom line of these individuals who provide employment, which in turn limits their expansion plans, which in turn means less jobs. The other thing it does is it gives incentive for those who "don't have" to keep doing what they are doing, because "don't worry, the government will make sure that they are taken care of".

While I ain't the sharpest knife in the drawer, I do realize that the concept does work in given situations. Problem is that each side gets so shot in the butt with what they believe works, they lose site of the big picture. There are good concepts to be taken from capitalism, socialism, fascism and other systems. If you truly want properity, nothing should be demonized- as all systems have proven viable. Its the idiots running the systems that cause the problems- not the systems themselves

[3rdnlng]

While I ain't the sharpest knife in the drawer, I do realize that the concept does work in given situations. Problem is that each side gets so shot in the butt with what they believe works, they lose site of the big picture. There are good concepts to be taken from capitalism, socialism, fascism and other systems. If you truly want properity, nothing should be demonized- as all systems have proven viable. Its the idiots running the systems that cause the problems- not the systems themselves

 

 

Mr Dull Knife needs to get a better grade of crack. Explain what the good concepts are in fascism & socialism please. Who "runs" the capitalism system?

[The Big Cat]

Who "runs" the capitalism system?

 

Money.

[3rdnlng]

Money.

 

 

I said who.

[keepthefaith]

I think wealth redistribution means ensuring everyone pays a fair amount in taxes and for those with lower wages, public sponsored programs to help them achieve the basic necessities of life, rather than the conservative version of trickle down which glad hands the wealthy, wrings the penniless dry, keeping the the rich rich and the poor poorer.

 

/snark

 

Have you looked at the Federal Income tax brackets? Take a look and let me know where the upper income earners are getting a break and the penniless are getting soaked. Better yet, here they are below for your convenience. Single on left, joint on the right. This is Fed tax only. State tax not shown.

 

Marginal Tax Rate Single Married Filing Jointly

10% $0-$8,350 $0-$16,700

15% $8,350-$33,950 $16,700-$67,900

25% $33,950-$82,250 $67,900-$137,050

28% $82,250-$171,550 $137,050-$208,850

33% $171,550-$372,950 $208,850-$372,950

35% > $372,950 > $372,950

[The Big Cat]

Have you looked at the Federal Income tax brackets? Take a look and let me know where the upper income earners are getting a break and the penniless are getting soaked. Better yet, here they are below for your convenience. Single on left, joint on the right. This is Fed tax only. State tax not shown.

 

Marginal Tax Rate Single Married Filing Jointly

10% $0-$8,350 $0-$16,700

15% $8,350-$33,950 $16,700-$67,900

25% $33,950-$82,250 $67,900-$137,050

28% $82,250-$171,550 $137,050-$208,850

33% $171,550-$372,950 $208,850-$372,950

35% > $372,950 > $372,950

 

You must have missed the /snark.

 

I said who.

 

People with money.

[Adam]

Mr Dull Knife needs to get a better grade of crack. Explain what the good concepts are in fascism & socialism please. Who "runs" the capitalism system?

Without getting too technical, they all strive for the same thing and all have strength and weaknesses- the label capitalism doesn't make things all well and good, while socialism doesn't make things bad. The sports industry at all levels is pure socialism- does its success mean that socialism is good for everything? Absolutely not.

 

Every political and economic system will eventually break down because people are inherently bad. In socialism, things will become too bureaucratic, in capitalism, people in the private sector become too greedy.

 

There are many ways to properity, but ruin and depression are inevitable. What happened in Russia is an example of socialism/communism going bad and things like Bernie Madoff, Enron and its like are an example of capitalism gone bad. Neither is an aberration.

 

Bottom line, you are doomed no matter what route you go

[Magox]

Without getting too technical, they all strive for the same thing and all have strength and weaknesses- the label capitalism doesn't make things all well and good, while socialism doesn't make things bad. The sports industry at all levels is pure socialism- does its success mean that socialism is good for everything? Absolutely not.

 

Every political and economic system will eventually break down because people are inherently bad. In socialism, things will become too bureaucratic, in capitalism, people in the private sector become too greedy.

 

There are many ways to properity, but ruin and depression are inevitable. What happened in Russia is an example of socialism/communism going bad and things like Bernie Madoff, Enron and its like are an example of capitalism gone bad. Neither is an aberration.

 

Bottom line, you are doomed no matter what route you go

I don't believe socialism is as bad as the stimga it carries here in the U.S.

 

Having said that, it isn't what made this country was founded on, and it doesn't motivate production from individuals as much as capitalism.

 

Capitalism is the most fair system in the world, and generally allows individuals to earn their own worth.

[Nanker]

Have you looked at the Federal Income tax brackets? Take a look and let me know where the upper income earners are getting a break and the penniless are getting soaked. Better yet, here they are below for your convenience. Single on left, joint on the right. This is Fed tax only. State tax not shown.

 

Marginal Tax Rate Single Married Filing Jointly

10% $0-$8,350 $0-$16,700

15% $8,350-$33,950 $16,700-$67,900

25% $33,950-$82,250 $67,900-$137,050

28% $82,250-$171,550 $137,050-$208,850

33% $171,550-$372,950 $208,850-$372,950

35% > $372,950 > $372,950

 

And let's not forget that's just the Feds.

There's State and sometimes city income tax too.

Also, property and school tax - which you pay (even if you're renting).

Sales tax, phone tax, cigarette tax, liquor tax, hotdog tax... it goes on and on.

[Chef Jim]

And let's not forget that's just the Feds.

There's State and sometimes city income tax too.

Also, property and school tax - which you pay (even if you're renting).

Sales tax, phone tax, cigarette tax, liquor tax, hotdog tax... it goes on and on.

 

Don't !@#$ing get me started. I was just talking to my wife the other day how !@#$ed up it is that CA takes 10% of whatever we earn, then charges us 10% for **** we buy and they're still in a economic mess.

[Magox]

Just to put things into perspective and how much the left likes to try to distort the truth

 

http://www.taxfoundation.org/research/show/250.html

 

In 2007, the top 1 percent of tax returns paid 40.4 percent of all federal individual income taxes and earned 22.8 percent of adjusted gross income. Both of those figures—share of income and share of taxes paid—are significantly higher than they were in 2004 when the top 1 percent earned 19 percent of adjusted gross income (AGI) and paid 36.9 percent of federal individual income taxes.

 

hmm, this doesn't support the argument of the rich keeping even more of their money, IN FACT, it says the opposite.

 

The 2007 numbers show that the top 1 percent’s income and tax shares reached all-time highs for the third year in a row.

 

interesting

 

http://taxprof.typepad.com/taxprof_blog/20...-pay-more-.html

 

New data released by the IRS today offers interesting insights into the distributional spread of the federal income tax burden, new analysis by the Tax Foundation shows. The new data shows that the top-earning 25% of taxpayers (AGI over $62,068) earned 67.5% of the nation's income, but they paid more than four out of every five dollars collected by the federal income tax (86%). The top 1% of taxpayers (AGI over $364,657) earned approximately 21.2% of the nation's income (as defined by AGI), yet paid 39.4% of all federal income taxes. That means the top 1% of tax returns paid about the same amount of federal individual income taxes as the bottom 95% of tax returns.

[Nanker]

Don't !@#$ing get me started. I was just talking to my wife the other day how !@#$ed up it is that CA takes 10% of whatever we earn, then charges us 10% for **** we buy and they're still in a economic mess.

Good luck with getting any of that back via a tax return. I also like how it's universally accepted that "rich" begins at $200k, regardless of where you live or what your house cost or what the cost of living is.

[Chef Jim]

Good luck with getting any of that back via a tax return. I also like how it's universally accepted that "rich" begins at $200k, regardless of where you live or what your house cost or what the cost of living is.

 

$200k per year in SF gets you a one bed, one bath 900 sq foot loft with no parking. Yeah we're rich.

[ExiledInIllinois]

Don't !@#$ing get me started. I was just talking to my wife the other day how !@#$ed up it is that CA takes 10% of whatever we earn, then charges us 10% for **** we buy and they're still in a economic mess.

 

Hey... Modern society can get pretty expensive... Not to mention some parts of the arid wasteland they call California. Wouldn't a city like LA dry up in under a week if it wasn't for guys like Mulholland?... And that we are talking infrasturcture that is going on a 100 years or so. Expect to keep paying more.

 

Oh... And I think you deserve one of these: If not two:

[Adam]

I don't believe socialism is as bad as the stimga it carries here in the U.S.

 

Having said that, it isn't what made this country was founded on, and it doesn't motivate production from individuals as much as capitalism.

 

Capitalism is the most fair system in the world, and generally allows individuals to earn their own worth.

We're still doomed

[ExiledInIllinois]

This country was founded on agrarianism, ya... Let's go back to that.