The one. The only? .. Joe Plumber

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The one. The only? .. Joe Plumber

2008-10-19 16:59:07

#101

Kmar: Truth is my Bitch; +5,695|6905|132 and Bush

SealXo wrote:
Kmarion wrote:
I am not stationary in the way I feel about taxes. I think different times require different plans. Clearly the situation has been abused. The corporate tax breaks did their job initially but they were left unchecked. Corporations became irresponsible. One of the primary reason I'm voting for Obama is because of his tax plan. It is in fact 95% the same as Bush's . And increasing the rate from 36% to 39% is moderate enough for me. Especially since he is eliminating capital gains tax.
He's eliminating capital now? Jesus I can't keep up with his shit these days.

That's been a part of his plan for awhile. I think he actually mentions it the the Joe the plumber clip.

Xbone Stormsurgezz

2008-10-19 17:00:47

#102

SealXo: Member; +309|6840

Kmarion wrote:
SealXo wrote:
Kmarion wrote:
I am not stationary in the way I feel about taxes. I think different times require different plans. Clearly the situation has been abused. The corporate tax breaks did their job initially but they were left unchecked. Corporations became irresponsible. One of the primary reason I'm voting for Obama is because of his tax plan. It is in fact 95% the same as Bush's . And increasing the rate from 36% to 39% is moderate enough for me. Especially since he is eliminating capital gains tax.
He's eliminating capital now? Jesus I can't keep up with his shit these days.
That's been a part of his plan for awhile. I think he actually mentions it the the Joe the plumber clip.

What happened to doubling it?
Is this for everyone?

2008-10-19 17:02:58

#103

CameronPoe: Member; +2,925|6860

SealXo wrote:
So two wrongs makes a right?

Sure, I just don't see how obamacuts, 800 billion dollars of new spending, a tax cut for "95% of working americans" and a tax increase on the people who employ millions is going to help the deficit.

Neither are universally wrong and neither are universally right. As Kmarion correctly stated, different times and situations call for different taxation policies. The tax increases should be correctly weighted to 'pay the societal bill' without going too far overboard in terms of cutting the disposable income of those in the highest echelon. You seem to ignore the fact that increasing the disposable income of those '95%' will increase their appetite for luxury goods (although there will be risk of inflation), i.e. prop up the markets for the capitalists wares. The 800 billion dollars of spending does not disappear into a hole in the ground either. Much of it will enter the economy and circulate - government spending and intervention was one important factor in lifting the US out of the 1929 depression.

The US, like all nations, has to pay its bills. The current taxation policy seems to have failed, so now its time for 'trickle up' to see how that fares.

Last edited by CameronPoe (2008-10-19 17:03:50)

2008-10-19 19:38:32