Why Obama can't spread the weath around

iVillage Member
Registered: 10-16-2008
Why Obama can't spread the weath around
80
Thu, 10-16-2008 - 10:36am

The problem is Obama will take $1 from Joe the Plumber and maybe end up giving a few pennies to someone in need. Big government doesn't work. When Carter left the White House he left a double digit jobless rate and high inflation. Reagan cut taxes across the board and jobs crew and inflation fell, meanwhile federal tax revenues ONLY dropped 1%. Obama says he's going to return to the Clinton/Reagan tax rates but that's not true, he's going to significantly increase payroll taxes and this will double the impact of his increase in the top marginal tax rate.

Pennsylvania Mom
http://openlettertobarack.blogspot.com/

Pennsylvania Mom http://openlettertobarack.blogspot.com/

Pages

iVillage Member
Registered: 09-08-2006

 

iVillage Member
Registered: 09-08-2006

<

 

iVillage Member
Registered: 04-02-2008

Gov has to cut spending and cut taxes in a recession.

iVillage Member
Registered: 08-05-2004

***Gov has to cut spending and cut taxes in a recession.

iVillage Member
Registered: 04-02-2008
Hmm I have heard both reasonings
iVillage Member
Registered: 08-05-2004
The theory goes that tax cuts would only be a short-term fix and not an actual solution.
iVillage Member
Registered: 04-02-2008
Yes I agree with you I think I misread my stuff, I have been reading alot lately on this.
iVillage Member
Registered: 10-14-2008
Fri, 10-17-2008 - 10:00pm
If it makes sense to you, then why aren't you giving away more of your money?
iVillage Member
Registered: 10-14-2008
Fri, 10-17-2008 - 10:03pm

>>> In the US the average wage is less than $50k per annum therefore posting on a public forum about paying taxes on $250k+ doesn't solicit too much empathy.

Until someone wants to take some of their money...and then watch the fun begin. Since when did it become "noble" to walk around with your hand out?

iVillage Member
Registered: 04-02-2008
Fri, 10-17-2008 - 10:04pm
Exactly what has happened to us when we have people who say well I think you have too much I will just take that and that and that.

Pages