GOP House Budget

[Dave_In_Norfolk]

That's a lot of jobs! So my question is how will throwing all these people onto unemployment help create private sector jobs? Can anyone answer me that?

 

GG, your complete and total BS is welcome here

[Rob's House]

That's a lot of jobs! So my question is how will throwing all these people onto unemployment help create private sector jobs? Can anyone answer me that?

 

GG, your complete and total BS is welcome here

In words you can understand, no. But then the economic philosophy to which you subscribe, if carried out to it's logical conclusion, would have ever expanding growth and prosperity were we to give all the unemployed $100k/yr jobs digging and filling in holes.

[Dave_In_Norfolk]

In words you can understand, no. But then the economic philosophy to which you subscribe, if carried out to it's logical conclusion, would have ever expanding growth and prosperity were we to give all the unemployed $100k/yr jobs digging and filling in holes.

I would tax the wealthy to spread the prosperity, yes. Following your "logic" we are headed towards third world status, massive poverty, the roads not getting fixed, infrastructure left to its own, dirty air, no "shake downs" of polluters, etc, etc...

[IDBillzFan]

I would tax the wealthy to spread the prosperity, yes.

And what's your plan when the wealthy have no more money to tax, Skippy?

[Fezmid]

And what's your plan when the wealthy have no more money to tax, Skippy?

 

More importantly, what's his definition of "wealthy?"

 

In Minnesota, Dayton wants to raise the state tax rate on families that earn $150k/year to around 13%. So a married couple, each earning $75k/year is "wealthy."

[IDBillzFan]

More importantly, what's his definition of "wealthy?"

 

In Minnesota, Dayton wants to raise the state tax rate on families that earn $150k/year to around 13%. So a married couple, each earning $75k/year is "wealthy."

We already know the definition of "wealthy," according to this administration, is those individuals earning more than $200,000/year.

 

You must also remember the core belief of this administration that "At a certain point, I do think you've made enough money..."

 

That certain point is $200,000.

[Fezmid]

We already know the definition of "wealthy," according to this administration, is those individuals earning more than $200,000/year.

 

You must also remember the core belief of this administration that "At a certain point, I do think you've made enough money..."

 

That certain point is $200,000.

 

Then why is Mark Dayton saying, "The rich will pay their fair share of taxes!" and then applies that to families making $150,000.... Apparently he didn't get Obama's memo.

 

You know the funniest part? Check out this article: http://www.nickcolemanmn.com/?p=1332

 

"Gov. Mark Dayton has gotten the richies and the righties (often, they are the same) in a tizzy by sticking to his campaign promises and proposing to close Minnesota’s yawning budget gap by raising taxes on the top 5 percent of state earners."

 

But when Walker tries sticking to his campaign promises, there's rioting in the streets of Madison. What a double standard.

 

I hate politics.

[Doc]

We already know the definition of "wealthy," according to this administration, is those individuals earning more than $200,000/year.

 

You must also remember the core belief of this administration that "At a certain point, I do think you've made enough money..."

Too bad the libs don't believe "at a certain point, I do think you've lived on the public dole long enough."

[Booster4324]

We already know the definition of "wealthy," according to this administration, is those individuals earning more than $200,000/year.

 

You must also remember the core belief of this administration that "At a certain point, I do think you've made enough money..."

 

That certain point is $200,000.

 

Way to distort what was said. Obama was speaking of financial reform when he used that umm misquote of yours. Perhaps you are trying to be absurd...

 

And yes, I would argue that at a certain point you could have too much money. We already have individuals worth 50-60 billion; let's say the estate tax is removed and they pass that down to their heirs. Within a few generations, what does that money do? What effect will these individuals with the power of some nations have on the world? Could be good, as I love the Bill Gates foundation. Could be bad in that you have one crackpot who uses his power unwisely or worse, in an evil fashion. Most harm will likely come from greedy individuals who use corporations in a shady fashion. I should note that never happens.

 

The rest of Obama's quote read:

 

We’re not, we’re not trying to push financial reform because we begrudge success that’s fairly earned. I mean, I do think at a certain point you’ve made enough money. But, you know, part of the American way is, you know, you can just keep on making it if you’re providing a good product or providing good service. We don’t want people to stop, ah, fulfilling the core responsibilities of the financial system to help grow our economy.

 

Clearly he is not talking about families making 250k or whatever. If you are a billionaire, learn to cope, as most of your money is made at the capital gains rate.

[Chef Jim]

Way to distort what was said. Obama was speaking of financial reform when he used that umm misquote of yours. Perhaps you are trying to be absurd...

 

And yes, I would argue that at a certain point you could have too much money. We already have individuals worth 50-60 billion; let's say the estate tax is removed and they pass that down to their heirs. Within a few generations, what does that money do? What effect will these individuals with the power of some nations have on the world? Could be good, as I love the Bill Gates foundation. Could be bad in that you have one crackpot who uses his power unwisely or worse, in an evil fashion. Most harm will likely come from greedy individuals who use corporations in a shady fashion. I should note that never happens.

 

The rest of Obama's quote read:

 

So because people are !@#$s and there is evil in the world we should take money away from people because they just might do somthing evil with it?

[Booster4324]

So because people are !@#$s and there is evil in the world we should take money away from people because they just might do somthing evil with it?

 

I am not arguing for taking all of it. You are a sharp financial guy, if someone plopped 50 billion in your lap, at a 38% tax rate, that leaves you with 31 billion. What could you do with that in say 20 years? Should a single, unelected person be allowed to wield that much power? Currently they are, and the world hasn't come crashing to a halt, but what happens when we have a Paris Hilton type trillionaire.

 

I actually brought the individual up to contrast that to the 200k bit LA threw out, as that is not what Obama was talking about. I would further argue though that financial institutions can grow too big. There you have a mere billionaire at best sometimes controlling hundreds of billions of assets.

 

I should further point out that this makes Obama a hypocrite as the federal government has WAY too much power. On the other hand, at least he is elected. Just my thoughts, tear into em, I am stoned.

[Chef Jim]

I am not arguing for taking all of it. You are a sharp financial guy, if someone plopped 50 billion in your lap, at a 38% tax rate, that leaves you with 31 billion. What could you do with that in say 20 years? Should a single, unelected person be allowed to wield that much power? Currently they are, and the world hasn't come crashing to a halt, but what happens when we have a Paris Hilton type trillionaire.

 

I actually brought the individual up to contrast that to the 200k bit LA threw out, as that is not what Obama was talking about. I would further argue though that financial institutions can grow too big. There you have a mere billionaire at best sometimes controlling hundreds of billions of assets.

 

I should further point out that this makes Obama a hypocrite as the federal government has WAY too much power. On the other hand, at least he is elected. Just my thoughts, tear into em, I am stoned.

 

So in your mind money equals evil power. I'm sorry I have more faith in people. Money also equals wonderful power. Most people that would have evil intent that inherited that kind of money would probably kill themselves before they did anything overly evil with it. But you do understand the power of a trust don't you? If someone evil inherited $50b I blame the person they inherited it from for not protecting the next generation(s). Most super affluent are not just going to hand over that kind of money to their heirs. Most of them are more concerned about leaving a legacy.

Edited February 23, 2011 by Chef Jim

[Booster4324]

So in your mind money equals evil power. I'm sorry I have more faith in people. Money also equals wonderful power. Most people that would have evil intent that inherited that kind of money would probably kill themselves before they did anything overly evil with it. But you do understand the power of a trust don't you? If someone evil inherited $50b I blame the person they inherited it from for not protecting the next generation(s). Most super affluent are not just going to hand over that kind of money to their heirs. Most of them are more concerned about leaving a legacy.

 

Bolded - At no point did I say that.

Are you saying these hypothetical heirs have less discretionary income percentage wise than most people? What would be the only impediment to their rise to ultimate power than some sort of taxation?

 

I wish I had your faith in humankind.

[GG]

That's a lot of jobs! So my question is how will throwing all these people onto unemployment help create private sector jobs? Can anyone answer me that?

 

GG, your complete and total BS is welcome here

 

Oh lookey, I have a fan.

 

Actually, in a roundabout way you could create more private sector jobs because those people will have to find a job or maybe they will create a job on their own. If there's no need for that job in civil service, then why should the taxpayers foot the bill for it?

[Chef Jim]

 

 

I wish I had your faith in humankind.

 

Must suck to have your lack of that faith.

 

You don't know me so because of that you don't trust me with billions of dollars. Therefore you feel I should be taxed to protect the world from what I MIGHT do with that money.

[Booster4324]

Must suck to have your lack of that faith.

 

You don't know me so because of that you don't trust me with billions of dollars. Therefore you feel I should be taxed to protect the world from what I MIGHT do with that money.

 

At no point did I say that. Would have been nice to have a real conversation.

[Chef Jim]

At no point did I say that. Would have been nice to have a real conversation.

 

Good point. My mistake was trying to have a conversation with someone who feels we need to tax people to prevent them from having too much power.

 

Note to self: Don't converse with Booster when his admitted to being stoned.

[Booster4324]

Good point. My mistake was trying to have a conversation with someone who feels we need to tax people to prevent them from having too much power.

 

Note to self: Don't converse with Booster when his admitted to being stoned.

 

Certain taxes yes. What part of really rich guys paying 20% taxes at most is so hard to comprehend? Even a stoner can get it.

[....lybob]

Then why is Mark Dayton saying, "The rich will pay their fair share of taxes!" and then applies that to families making $150,000.... Apparently he didn't get Obama's memo.

 

You know the funniest part? Check out this article: http://www.nickcolemanmn.com/?p=1332

 

"Gov. Mark Dayton has gotten the richies and the righties (often, they are the same) in a tizzy by sticking to his campaign promises and proposing to close Minnesota’s yawning budget gap by raising taxes on the top 5 percent of state earners."

 

But when Walker tries sticking to his campaign promises, there's rioting in the streets of Madison. What a double standard.

 

I hate politics.

The rich should hire poor people to riot for them.

[Magox]

Damn, Dave is dumb.