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Unbelievable!
Guest
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 Posted: Mon, Oct 27 2008, 7:15 am EDT Post subject: Obama Redistribution of Wealth tape uncovered |
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For all you Obama fans - is this who you REALLY want in the White House? Over 85% of Americans DO NOT BELIEVE in redistribution of wealth. We are very close to having a president who does. Think about it.
http://www.youtube.com/watch?v=iivL4c_3pck |
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Guest
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| Posted: Mon, Oct 27 2008, 7:57 am EDT Post subject: Re: Obama Redistribution of Wealth tape uncovered |
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I like the "Redistribution of Wealth" idea, in fact, as long as I am the one who receives the wealth.  |
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Guest
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| Posted: Mon, Oct 27 2008, 8:49 am EDT Post subject: Re: Obama Redistribution of Wealth tape uncovered |
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"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."
Thomas Jefferson |
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Guest
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| Posted: Mon, Oct 27 2008, 8:55 am EDT Post subject: Re: Obama Redistribution of Wealth tape uncovered |
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| Guest wrote: | "The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."
Thomas Jefferson |
No evidence has been found that Jefferson ever wrote this. The concept of taxing income was not unknown to Jefferson, but his writings on the topic of taxation indicate that he viewed taxation generally as a source of revenue for the government.
http://wiki.monticello.org/mediawiki/index.php/The_democracy_will_cease_to_exist |
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Guest
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| Posted: Mon, Oct 27 2008, 9:18 am EDT Post subject: Re: Obama Redistribution of Wealth tape uncovered |
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Whether or not he was the person who said this, I would agree with him that taxation is a source of revenue for the government, as it should be. We need to pay for infrastructure, national defense, etc.
What taxation should not be is a redistribution of wealth by taking out of one person's pocket and putting it into other people's pockets, which is Obama's ideology (and his tax plan). Our economy/government needs to be structured so there are rewards to working hard and taking risks, otherwise people will lose the incentive to work and the government has an increasing number of people needing/wanting governmental handouts being paid for by a shrinking number of workers. It spirals downward.
While society can and should support the small percentage of those people who cannot support themselves, we should not (and cannot over time) have to subsidize others to increase their standard of living at the expense of those who earned the money. |
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Guest
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| Posted: Mon, Oct 27 2008, 10:03 am EDT Post subject: Re: Obama Redistribution of Wealth tape uncovered |
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| I really like the idea of taking money from those bankers, traders, and CEOs who made hundreds times more than a worker's pay and caused their companies to take billions of tax payers money to bail out their failed companies. |
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Guest
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| Posted: Mon, Oct 27 2008, 10:25 am EDT Post subject: Re: Obama Redistribution of Wealth tape uncovered |
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| Every President and major party candidate for President for at least the last 75 years has "believed in re-distribution of wealth." So if that is your issue you are out of luck with both major party candidates for president, including McCain. McCain is perpetuating complete fiction in trying to suggest otherwise. Based on the polls it appears most people are smart enough not to buy his weak attempt at smoke and mirrors. If he wants to prove he doesn't believe in re-distribution of wealth, great, let him commit to trying to pass a flat tax reform. |
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Guest
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| Posted: Mon, Oct 27 2008, 11:21 am EDT Post subject: Re: Obama Redistribution of Wealth tape uncovered |
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| It's the extent of the distribution of wealth that makes a difference between candidates. The tax system has always redistributed it to a degree. |
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Guest
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| Posted: Mon, Oct 27 2008, 11:53 am EDT Post subject: Re: Obama Redistribution of Wealth tape uncovered |
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| Guest wrote: | | It's the extent of the distribution of wealth that makes a difference between candidates. The tax system has always redistributed it to a degree. |
Correct. Obama believes in restoring it to exactly where it was under previous Republican and Democratic Presidents and Congresses. Absolutely nothing new or shocking about it. A few percent of people got a reduction for the last 7 years and now restoring the previous status quo is somehow the world coming to an end for some. Give me a break. |
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Guest
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| Posted: Mon, Oct 27 2008, 12:04 pm EDT Post subject: Re: Obama Redistribution of Wealth tape uncovered |
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| I like how Mondale said he would raise taxes and was critized and blown out of the water on election day, Obama says the same thing and is hailed for it. Whether it's under the guise of restoring cuts or redistributing wealth, it is still a rise in taxes. |
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Guest
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| Posted: Mon, Oct 27 2008, 12:16 pm EDT Post subject: Re: Obama Redistribution of Wealth tape uncovered |
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| Guest wrote: | | I like how Mondale said he would raise taxes and was critized and blown out of the water on election day, Obama says the same thing and is hailed for it. Whether it's under the guise of restoring cuts or redistributing wealth, it is still a rise in taxes. |
Times have changed.
The last 8 years are a disaster for this great country (if you still have not noticed that). I am really worried about my kids' future if this trend continues. |
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OverTaxed
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| Posted: Mon, Oct 27 2008, 12:26 pm EDT Post subject: Re: Obama Redistribution of Wealth tape uncovered |
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Five percent of Americans pay over half the income taxes in this country. Forty percent of Americans pay no income taxes at all.
The top 5 percent of all payers pay more than half the income tax. They pay about 59.2 percent of all individual income tax, according to an analysis by the Tax Policy Center, a nonpartisan institute run jointly by the Urban Institute and the Brookings Institution. |
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Guest
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| Posted: Mon, Oct 27 2008, 12:33 pm EDT Post subject: Re: Obama Redistribution of Wealth tape uncovered |
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| Guest wrote: | | Guest wrote: | | I like how Mondale said he would raise taxes and was critized and blown out of the water on election day, Obama says the same thing and is hailed for it. Whether it's under the guise of restoring cuts or redistributing wealth, it is still a rise in taxes. |
Times have changed.
The last 8 years are a disaster for this great country (if you still have not noticed that). I am really worried about my kids' future if this trend continues. |
So you believe adding more taxes will solve the problem? Do you honestly believe a higher corporate tax rate will solve the problem or that higher income taxes will add wealth?
Here is what will happen.
A higher corporate tax will lead to higher prices because companies will pass it along to you and I. They won't reduce profit margins.
A higher corporate tax rate will reduce employment because the cost of business has increased. So either more offshoring occurs or there are less employees. Just look at NJ to see the effect of taxes on a company.
A higher income tax means individuals have less disposable income. Less eating out, less vacations, no new cars, no home improvements. That in turn effects the lower tier workers who benefit.
The redistribution is going to positively effect the lowest of the low on the income scale. However, those who make up the majority of America will not see a benefit. Plus, if you honestly think the rise on taxes will stop at 250K then it's unrealistic. It will continue downward until 100K is reached, then 75K. |
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Guest
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| Posted: Mon, Oct 27 2008, 12:37 pm EDT Post subject: Re: Obama Redistribution of Wealth tape uncovered |
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| OverTaxed wrote: | Five percent of Americans pay over half the income taxes in this country. Forty percent of Americans pay no income taxes at all.
The top 5 percent of all payers pay more than half the income tax. They pay about 59.2 percent of all individual income tax, according to an analysis by the Tax Policy Center, a nonpartisan institute run jointly by the Urban Institute and the Brookings Institution. |
That's great!
We need tax more for those who own 7 homes, wear $500 shoes and can afford to spend $150K on wardrobe and accessories. |
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Guest
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| Posted: Mon, Oct 27 2008, 12:53 pm EDT Post subject: Re: Obama Redistribution of Wealth tape uncovered |
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| Guest wrote: | | I like how Mondale said he would raise taxes and was critized and blown out of the water on election day, Obama says the same thing and is hailed for it. Whether it's under the guise of restoring cuts or redistributing wealth, it is still a rise in taxes. |
Because the 95% who are getting a tax cut far outnumber the 5% who aren't. The bottom line is Obama's plan is better for more people than McCain's. Simple math. And of the 5% who are screwed by the tax change (myself included), some of us would rather pay more taxes than leave the country in the hands of McCain/Palin. I have more belief in my family's long term prosperity and security if McCain/Palin are not in office and I don't share their fundamental values (pre-emptive, unprovoked war, private citizen's rights to own assult weapons, the lack of separation between one particular religion and the state, discrimination against women's rights, etc.).
Bush has done more to undermine our national security and economic leadership in the world than any other President in history. I'm not interested in a guy who agreed with him 92% of the time, who said just yesterday that he shares the "fundamental values" with Bush and who still agrues that Iraq was a just and proper conflict.
In contrast there are some American's who would financially benefit more from Obama who think the opposite of me on these fundamental issues and will similarly vote against their personal economic interests. But for McCain to win a LOT more people would have to vote against their personal economic interests than for Obama to win. Even if none of us who will be hurt by Obama's plan voted for him, he would still have the numbers. McCain's plan is appealing to a very small economic base and relies on people voting because of their party loyalty. That's a losing proposition when the economy sucks. Most of those crucial independents are financially better off with Obama... |
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Guest
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| Posted: Mon, Oct 27 2008, 12:56 pm EDT Post subject: Re: Obama Redistribution of Wealth tape uncovered |
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| Guest wrote: | | Guest wrote: | | Guest wrote: | | I like how Mondale said he would raise taxes and was critized and blown out of the water on election day, Obama says the same thing and is hailed for it. Whether it's under the guise of restoring cuts or redistributing wealth, it is still a rise in taxes. |
Times have changed.
The last 8 years are a disaster for this great country (if you still have not noticed that). I am really worried about my kids' future if this trend continues. |
So you believe adding more taxes will solve the problem? Do you honestly believe a higher corporate tax rate will solve the problem or that higher income taxes will add wealth?
Here is what will happen.
A higher corporate tax will lead to higher prices because companies will pass it along to you and I. They won't reduce profit margins.
A higher corporate tax rate will reduce employment because the cost of business has increased. So either more offshoring occurs or there are less employees. Just look at NJ to see the effect of taxes on a company.
A higher income tax means individuals have less disposable income. Less eating out, less vacations, no new cars, no home improvements. That in turn effects the lower tier workers who benefit.
The redistribution is going to positively effect the lowest of the low on the income scale. However, those who make up the majority of America will not see a benefit. Plus, if you honestly think the rise on taxes will stop at 250K then it's unrealistic. It will continue downward until 100K is reached, then 75K. |
This post is ridiculous. Anyone can predict doom and gloom when they make it up. You are stating a bunch of assumptions which are not part of and are expressly contrary to Obama's stated plan. Basically you're calling him a liar, without any justification. I could say the same of McCain. He's lying. He really plans to raise everyone's taxes. There. That's just as credible, more so in fact since the last time someone lied about not raising taxes their last name was Bush... |
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