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The need to raise taxes...

frasier

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Jul 19, 2006
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In your head
http://www.townhall.com/columnists/...ncrease_in_american_history_two_years_running

Approaching nearly 10 million words and stretching an interminable 67,000 pages, the American tax code exists today as complicated mess of pitfalls, pratfalls, and potholes – even though its central philosophy couldn’t be more straightforward: “If you want more of something, subsidize it. If you want less, tax it.”
T
he unfunded liabilities that currently wrack the Medicare and Social Security systems are scheduled to swell from $38.7 trillion today to $52.5 trillion in just five short years. But at a time and place when bold steps are needed to stem the tide of future entitlement growth and pull these programs back from the precipice of future insolvency, Democrats instead chose to whistle past the graveyard by producing a budget document that refuses to acknowledge there’s even a problem.
 

S.C. Joe

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Nov 2, 2007
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Raising taxes is a four letter word. We didn't get Mr. Kerry for president cause he wanted a 50 cents a gallon gas tax, good thing huh, gas is so cheap now
 

papasmerf

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Oct 22, 2002
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S.C. Joe said:
Raising taxes is a four letter word. We didn't get Mr. Kerry for president cause he wanted a 50 cents a gallon gas tax, good thing huh, gas is so cheap now
No we didn't get kerry for President for so many more issues.
 

WoodPeckr

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May 29, 2002
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DonQuixote said:
Are you so greedy that you don't give a damn
about the economic strength of the economy,
frasier?
In his typical witless myopia the short answer for lange and his cohorts is YES!

Just put it on the credit card for their kids & grandkids to pay.
Their chant, "I got mine, fu*k you"....:rolleyes:
 

frasier

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Jul 19, 2006
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WoodPeckr said:
In his typical witless myopia the short answer for lange and his cohorts is YES!

Just put it on the credit card for their kids & grandkids to pay.
Their chant, "I got mine, fu*k you"....:rolleyes:
Since you are on welfare raising taxes doesn't affect you......so I perfectly understand why you are all for paying more...
 

frasier

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Jul 19, 2006
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DonQuixote said:
Reagan raised taxes.

Bush I raised taxes.

A major contributor to the weak dollar and the
high price of gasoline is the federal debt and
questions of the health of the US economy.

It bewilders me that the usual suspects think
you can borrow your way to paying for a war
without creating long term economic problems.

Are you so greedy that you don't give a damn
about the economic strength of the economy,
frasier?
If you can back up of what I supposedly think or have said with some more then just talk Id take your accusations a bit more serious..but as always you just make up stuff..none of those thing you say about me are true....I guess comprehension is your strenght.
 

frasier

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Jul 19, 2006
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DQ and Woodpecker are prime examples of why the US goverment gets away with murder.
Instead of calling the issue of increased taxation for what it is.."the result of an incompetent goverment" they make it in to a R against D issue.

In the meantime they don't realize they are being screwed by their own goverment...y taking more and more money from that..further they have a limited view of their own country..otherwise they would have noticed that there is only one thing that is consistent about all the goverments over the past 300 years...they are inefficent..don't care about there people and have consistently raised taxes for ever diminishing services.....but let's keep this a Republican vs Democrat issue..right..:(
 

frasier

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Jul 19, 2006
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DonQuixote said:
Yes. By objecting to pay as you go spending,
including the war, because you don't want your
taxes raised - yes, you're greedy a bit out
of touch with reality.
Maybe goverment should show restrain in spending..raising taxes is the easy way out..and BTW what % of your taxes do you deem to be
a fair share..if you add all the taxes and fees after your income tax we are close to hitting 50%...tell me what % is enough...based on your rhetoric the sky is the limit.

The war did cost a lot of money, but if you think that the war is the biggest strain..then you really need a reality check...based on last estimates the elderly care alone will eat up 4 Trillion dollars of the budget in 10 years from now...this will make Iraq look like pocket change...

You cry about pay as you go???..ok how are we going to pay for this???
 

fuji

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Jan 31, 2005
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DonQuixote said:
2. We aren't going to increase revenue by sending jobs overseas.
I think that is actually flat wrong. I think you can increase revenue by sending jobs overseas. Your wording is inflammatory but another way of saying the same thing would be you can increase revenue by having each nation specialize on what it is good at--sending overseas the jobs it is not good at, and importing the jobs it is good at.
 

Aardvark154

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Jan 19, 2006
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frasier said:
Approaching nearly 10 million words and stretching an interminable 67,000 pages, the American tax code exists today as complicated mess of pitfalls, pratfalls, and potholes – even though its central philosophy couldn’t be more straightforward: “If you want more of something, subsidize it. If you want less, tax it.”
I'm not sure how much better if at all this proposal is, but it does seem to have some merit. http://www.fairtax.org/site/PageServer
 

fuji

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DonQuixote said:
You're premise implies we are in a box and
there is no innovation and invention.
Why does it imply that?

Your claim is tantamount to saying that there is a conflict between specialization and innovation. On the contrary, I think specialists produce the best innovations.


To grow an economy we must get in front of
change and now allow ourselves to be out
flanked by competing workforces.
That mentality is wrong. Work forces around the world collectively contribute to the global economy. Workers compete with one another within the United States as much as with workers in other countries. Plainly competition is a core capitalist value.

On the other hand if you think that at a macro level a gain in one part of the world is a loss in some other then you have a completely wrong view of how the world economy works.


Tax credits and other incentives
are frequently used to stimulate economic activity.
I agree with that, nevertheless, sending jobs overseas is often the most efficient decision. Hamstringing American companies by limiting their ability to compete on a level field with foreign ones will only hurt you.

If you did want to keep some of the labour intensive jobs in the United States then one way to do that would be to open the border to workers from anywhere in the world. You could then specialize parts of the American economy on labour intensive manufacturing.

Of course that would require an end to a protectionist view of borders (to allow the foreign workers in) and an end to minimum wage and other similar laws (so that they could be paid the going world wage for that work).

Some tasks can be optimized through improved technology. Other tasks are still more efficiently performed by a low paid workers.

In other cases the tasks sent overseas are high tech good jobs but they are going because the destination economy has specialized in that particular area.

It does not make sense for America to try and specialize in every single industry. It makes sense for each individual player in the world market to become the best at one thing and trade with others who are the best at other things.
 

fuji

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OK. So if you agree that sending jobs overseas is often a good way to improve the economy (thereby raising revenue) then we are all on the same page.
 

onthebottom

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fuji said:
I think that is actually flat wrong. I think you can increase revenue by sending jobs overseas. Your wording is inflammatory but another way of saying the same thing would be you can increase revenue by having each nation specialize on what it is good at--sending overseas the jobs it is not good at, and importing the jobs it is good at.
I think the higher the tax rate the less competitive an economy is, thus the faster jobs will flee to lower cost more competitive economies. To hear DQ rail for tax increases and against jobs moving over seas means he doesn't really understand the issue.

OTB
 

Meister

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Apr 17, 2003
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fuji said:
OK. So if you agree that sending jobs overseas is often a good way to improve the economy (thereby raising revenue) then we are all on the same page.
Yes, it certainly makes sense for the individual corporation to do that because it raises profits. But, how does that help the economy? How is that extra profit reinvested into the economy?
 

ocean976124

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Oct 28, 2002
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Great quote by Mike Huckabee on the tax rebates:

"Let me get this straight. Our government is going to borrow money from the Chinese that we'll have to pay back with interest in order to give it to people to purchase products that are most likely made in China. Just who's economy are we stimulating?"
 

frasier

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Jul 19, 2006
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ocean976124 said:
Great quote by Mike Huckabee on the tax rebates:

"Let me get this straight. Our government is going to borrow money from the Chinese that we'll have to pay back with interest in order to give it to people to purchase products that are most likely made in China. Just who's economy are we stimulating?"
The word tax rebate is an oxymoron anyway..this whole idea is just stupid it has no economic value only a "marketing value"...so our politicians can pretend they actually "do soemthing"
 

someone

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Jun 7, 2003
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DonQuixote said:
OTB

What's your response to the Huckabee statement?
You didn't ask for it, but I'll give my response. The small percentage of American GDP that goes to imports (something like 12%) represent a leakage from the circular flow. It would reduce the multiplier effect of the tax rebates, as do other leakages like savings. However, given what a small percentage of GDP imports make up for the U.S., it is not important. There are much better arguments that can be made against Keynesian economics. However, Huckabee does not seem that bright, so he likely has not heard of them.
 

onthebottom

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Jan 10, 2002
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DonQuixote said:
I don't think the tax rates are as determinative as you
suggest. Yes, they do have an impact. But Canada's
rates are higher than in the US. Is it causing them
much concern.

......
Oh I don't know, it seems the per capita GDP in Canada is MUCH lower than in the US, and that's with a tremendous raw materials export business.....

OTB
 

onthebottom

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DonQuixote said:
OTB

What's your response to the Huckabee statement?
I'd say it's likely he was educated in AR.

OTB
 
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