Can I say for the third time that I still think his statement is messed up (even though it was pretty obvious "that" referred to roads and bridges). Using basic infrastructure spending (which is what, 5% of the budget, being generous?) as an excuse to tax people at 50% is still disingenuous and...messed up. Not as egregious, but still some Elizabeth Warren'esque fucked up logic. Even though it's not my end goal, at this point I would take the step of saying "yes--let's only tax for infrastructure and other essential spending. We will immediately cut everyone's tax rate to 5% to reflect these new priorities that will allow us to meld private initiative with public investment".
Obama: "If You've Got A Business - You Didn't Build That."
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Can I say for the third time that I still think his statement is messed up (even though it was pretty obvious "that" referred to roads and bridges). Using basic infrastructure spending (which is what, 5% of the budget, being generous?) as an excuse to tax people at 50% is still disingenuous and...messed up. Not as egregious, but still some Elizabeth Warren'esque fucked up logic. Even though it's not my end goal, at this point I would take the step of saying "yes--let's only tax for infrastructure and other essential spending. We will immediately cut everyone's tax rate to 5% to reflect these new priorities that will allow us to meld private initiative with public investment".
Yeah, let's hear more of Obama's brilliant economic plan which consists of taxing the shit out of "the rich" so he can hustle up more votes from the welfare state.
His quote falls perfectly in line with who he is at his core. If you know even a slight little bit about the pimp, you know he's a marxist.
His quote falls perfectly in line with who he is at his core. If you know even a slight little bit about the pimp, you know he's a marxist.
Its funny how close Obama and Romney's economic views really are, but some how people label Obama as a Kenyan socialist marxist muslim ultra liberal and Romney as capitalism's last best hope. If Romney ever said what he really felt instead of pandering to the tea party and extreme American Taliban I imagine it'd be fairly reasonable.
I happen to be a "job creator" and I can tell you a tiered tax system that helps create a strong middle class is good for business. I may end up paying a few extra percent in taxes under Obama, but I expect to make up for that by having a stronger customer base with more expendable income to buy all the crap I push on the internet. Yay.
I happen to be a "job creator" and I can tell you a tiered tax system that helps create a strong middle class is good for business. I may end up paying a few extra percent in taxes under Obama, but I expect to make up for that by having a stronger customer base with more expendable income to buy all the crap I push on the internet. Yay.
Learn diction. He didn't say a middle class is created by taxes, he said tiered taxes helped facilitate the establishment of different socio-economic groups.
If you mean an upper class and a lower class, you would be correct. That is what taxes create. Feudal society.
You also need to learn economics. And crayon drawing.
I agree, you would.
Glad to say they can't convince me of shit.
You still don't get it. We all see what was taken out of context and yeah, that made it sound worse...
But the underlying principle of what Obomba said, even the words that came after the words "my point is..." are clearly promoting government services, implying that businesses OWE something to them, when in fact we pay taxes and don't owe a God damned thing to a government that most of us don't even want in our way in the first place.
The arguments in this thread are remarkably similar to Fox News punditry. All bluster and emotion. No real data or logical outline.
There isn't much serious debate that a progressive tax system shouldn't be used.
There is also no debate that the U.S. has done very well under higher taxes in the past.
The real question is where to set those rates so we can all benefit from the infrastructure that help makes running a business work. Yes, we will never all agree on what infrastructure and programs those are and wasteful programs should be cut, but Obama has cut government spending. A lot. Especially when you take into account state spending. He probably shouldn't have. Once we're out of it and unemployment is down, yes. Not while we're in a recession. But it was a political necessity.
If you don't understand this, google Keynesian economics and Paul Krugman.
While you're at it, google "multiplier effect" and you might start to understand why it makes sense to cut taxes on the people at an income level who will actually spend that extra income on goods and services.
Is this the multiplier effect you mean?
http://krugman.blogs.nytimes.com/2009/10/01/multiplying-multipliers/
All that stuff makes my head spin...
taxes are too high for everyone, gov wastes billions of dollars.
One thing he is saying the "worker" works just as hard and is just as smart as the business owner, and therefore should get some more of that juice money...
so he wants more taxes on the business guy, to give to the worker, because he works just as hard, and is just as smart.
if you want the juice, go start your own business.
^^^^^ i think i liked the joker more then bane, both were decent batman movies... batman in 70mm looked good in some of the scenes.
Redshield
הגויים ק
You mean the guy that thinks your government can improve the US economy by faking an alien invasion?
[ame="http://www.youtube.com/watch?v=Vbf5RO6TfxA&t=0m45s"]Paul Krugman says perceived Alien Invasion would fix Economy - YouTube[/ame]
That guy? It's called the broken window FALLACY for a reason.
Yep. People seem to have made fun of that, but I'd say it makes sense as an extreme example along the lines of how WW2 took us out of the depression.
I seriously fucking lol'd.
I hope you realize the multiplier effect has never been substantiated because it is logically impossible, right?
Government is not a magical value machine you put money in and more money comes out. Only idiots believe this. Even Keynes didn't believe this.
Read some Bob Higgs or Thomas Woods. The Depression ended when the wartime economy ended, and taxes were cut, government spending and regulation decreased.
It's in the fucking data for crissakes.
You're not going to impress anyone with your conception of economics based on reading the NYT. Not around here at least.