Socialism and welfare

iVillage Member
Registered: 04-24-2008
Socialism and welfare
363
Tue, 10-21-2008 - 6:29am

Why is it a tax cut when McCain cuts taxes?

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iVillage Member
Registered: 10-02-2008
Tue, 10-21-2008 - 5:13pm

"The middle class and lower are the ones who are struggling the most and yet they are receiving less tax cuts than someone who makes a ton more money then they do?"


KAREN

iVillage Member
Registered: 09-15-2008
Tue, 10-21-2008 - 5:15pm

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iVillage Member
Registered: 03-09-2007
Tue, 10-21-2008 - 5:17pm
WOW, well the rest of us, the ones who actually end up not getting back everything we put in would be more than welcoming for the tax break.
Jess


Photobucket
iVillage Member
Registered: 10-08-2008
Tue, 10-21-2008 - 5:17pm

News Flash:

 

iVillage Member
Registered: 09-08-2006
Tue, 10-21-2008 - 5:23pm

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iVillage Member
Registered: 09-15-2008
Tue, 10-21-2008 - 5:24pm

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iVillage Member
Registered: 07-23-2008
Tue, 10-21-2008 - 5:25pm

The key word in your post is "maybe". There is no proof that if you give the wealthy and corporations tax breaks that they will invest in the company or their employees. You are preaching the same old, tired theory of "trickle down economics". It is a bogus theory - kind of like the theory of the flying spaghetti monster. The way to fix the economy is to bring the tax rates on the wealthy back into balance. The wealthy have a MUCH higher percentage of their income that is discretionary, hence, they are able to be taxed at a higher percentage without it being putative. Here is a link to another post I made where I went into greater detail about the workings of the economy. My post is the 1st on the page.

http://messageboards.ivillage.com/n/mb/message.asp?webtag=iv-psmomspol&msg=4598.41&x=y

The wealthy will NOT benefit from the economy being in the crapper. If the middle class does not have spending power, who will purchase their goods and services? Bringing the taxation back into a balance will benefit EVERYONE. This is not about welfare, it's not about taking money from people, it's about fixing the economy. Period.





~Ashley~




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~Ashley~

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iVillage Member
Registered: 09-09-2008
Tue, 10-21-2008 - 5:27pm

<>

This is a good thing.

"Ireland adopted a 12.5 percent corporate tax rate 20 years ago, when it suffered the second-lowest per capita GDP in the European Union (EU). Its economy boomed as a result, and today Ireland enjoys the second highest per-capita GDP in the EU. Ireland, with its 12.5-percent rate, raises 50 percent more corporate-tax revenue as a percent of GDP than the U.S. does with its 35 percent rate."

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"During Carter's administration, the economy suffered double-digit inflation, coupled with very high interest rates, oil shortages, high unemployment and slow economic growth." "The prime rate hit 21.5 percent in December 1980, the highest rate in U.S. history under any President. Investments in fixed income (both bonds and pensions being paid to retired people) were becoming less valuable. The high interest rates would lead to a sharp recession in the early 1980s."

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"The unemployment rate declined from 7.0 percent in 1980 to 5.4 percent in 1988. The inflation rate declined from 10.4 percent in 1980 to 4.2 percent in 1988." "At the end of the Reagan administration, the U.S. economy had experienced the longest peacetime expansion ever. The "stagflation" and "malaise" that plagued the U.S. economy from 1973 through 1980 were transformed by the Reagan economic program into a sustained period of higher growth and lower inflation."

"Obama’s tax plan is exactly the opposite of the supply-side economics that Reagan adopted, which produced the astounding boom of the 1980s. That boom, in fact, lasted 25 years, from 1982 to 2007, as Art Laffer and Steve Moore discuss in their new book, The End of Prosperity. Laffer and Moore explain that more wealth was produced during those 25 years than in the previous 200 years of American history."

"Obama’s tax plan is also exactly the opposite of President Kennedy’s, which produced another astounding boom in the 1960s. Pursuing the exact opposite policies from Kennedy and Reagan will produce exactly the opposite results."

iVillage Member
Registered: 03-09-2007
Tue, 10-21-2008 - 5:28pm

"Well, let's look at it this way, do you own a company? Are you employing anyone, helping them support their families by giving them a job,

Jess


Photobucket
iVillage Member
Registered: 10-21-2008
Tue, 10-21-2008 - 5:29pm

Exactly and for those who are members of the middle class, they are left to fend for themselves. Unfortunately, due to the Republican economic ideology of the past 8 years, the middle class can never get ahead. They're lucky if they are able to sustain their way of life. But for those who have worked at the same job for 20 years and have yet to see a quality of life pay increase, the GOP does not have time for such individuals.

Honest, hardworking people are struggling out there and I am a firm believer in helping those that need it. To offer help to someone who has done nothing but try to make their paychecks last the whole month is not "welfare" and FAR FROM socialism...it's a matter of common decency that those who make more should give more. But unfortunately, that seems to be a value that is few and far between.

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Natalie... "When the rich wage war it's the poor who die" -Linkin Park

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