Obama Bombshell Redistribution of Wealth

[JakeMartinez]

Raise the income tax, capital gains, corporate tax.....lets see how many jobs are created with this "system".

You want to talk immature? Don't ya think that it's a bit immature for one adult to expect another to pay for his services? You want the government to play the "daddy role" and supply you with everything you need then don't bitch when he searches your room.

IF the better off want to help people out through charities they have that option whether or not to give their moneys and where they feel it's best needed. For example, cheap Joe Biden feels that you all have it VERY good according to his donation record.

Have a good one!:s4:

Okay, then. If you're so confident that businesses and the wealthy should be asked but not forced to give, do you support the idea of no government? The obvious endgame for capitalism is that business takes over the roles of government, so is that acceptable to you or to any other member of this board?

If you answer "no", then you should sit back and realize that without money, Government doesn't exist in a free-market economy. Where does that money come from?

*ding ding ding* We have a winner! The word was...

TAXES!!!

Not donations, not lobbying, not even the Federal Reserve's corrupt behavior. Taxes give money to the government so it can take care of the things we need done. That means public transportation (roads and bridges included), Medicare, Medicaid, Social Security, FDA, Army, CIA, FBI, FEC, SEC, Navy, NSA, etc.

If you have an issue with all those, don't pay your income taxes this year. See how far you get by telling the IRS "I don't want to use my hard-earned cash to boost anyone else except myself". I'm sure they'll understand.

JakeMartinez Reviewed by JakeMartinez on 10-28-2008. Obama Bombshell Redistribution of Wealth http://www.youtube.com/watch?v=iivL4c_3pck Bit of an agenda here....sounds real similar to the preachings of Rev. Wright. Have a good one!:s4: Rating: 5

[texas grass]

under republican president for 8 years and congress for 6 of those years

we lost the middle class
people have less money in their pockets today
energy cost has redistrubuted most wealth
perscription drugs redistrubute wealth
more people are losing their houses
majority of people i know today work harder and bring home less money


that sounds like redistribution of wealth and it was done by the republicans

it is a fact most people will gain from obama's tax plan and infact will get more money back so the redistribution of weath will go to them not come from them

[daihashi]

Okay, then. If you're so confident that businesses and the wealthy should be asked but not forced to give, do you support the idea of no government? The obvious endgame for capitalism is that business takes over the roles of government, so is that acceptable to you or to any other member of this board?

If you answer "no", then you should sit back and realize that without money, Government doesn't exist in a free-market economy. Where does that money come from?

*ding ding ding* We have a winner! The word was...

TAXES!!!

I've said this before; but apparently you've missed it.

There are more ways to generate revenues from taxes than by simply raising them. Through lowering of taxes you do a number of things for companies that allow the government to create greater tax revenue:

• Job creation puts more individuals out there with taxable income. As the simple sentence suggests these new jobs are essentially new money that the government wasn't previously getting. Allowing for more tax revenue to be generated.
  
• Lower taxes increase company productivity. Through increased productivity the company is able to generate more product that may be high in demand. Leading to a high amount of trade in volume. Allowing for more tax revenue to be generated.
  
• Lower taxes also result in cheaper products. When prices fall then demand goes up. With demand up you are also trading at a higher volume than previously. Allowing for more tax revenue to be generated.

There's more that goes into this and then you have how lower taxes effects the market which also effects the economy but you get the basic gist of it.

Raising taxes doesn't create jobs or create cheaper products or increase productivity. However it does create more tax revenue for the government for a SHORT TIME. It will only create more revenue for as long as businesses can keep their productivity up under the new stresses.

Decreasing taxes has always proven to increase trade volume, create jobs and create cheaper/better products.

but to each his own, but the next time you go off on a rant that has an air of condescending tone to it be sure that you understand the topic you are discussing from all angles.

[maladroit]

"Lower taxes increase company productivity. Through increased productivity the company is able to generate more product that may be high in demand. Leading to a high amount of trade in volume. Allowing for more tax revenue to be generated."

- i can see how lower taxes increase company profitability but how do lower taxes increase productivity? generating more product does not increase demand - increased demand generates more product supply, even if a business has to borrow money to increase supply...if the demand is there, it will be met...nobody walks out of walmart empty handed because corporate taxes are too high

decreasing taxes can increase demand, especially among the lower and middle classes who spend almost all of their disposable income...obama claims that he will reduce those taxes...YAY! decreasing taxes to the rich doesn't increase demand because they can already buy everything they need, and they still have high savings rates...the trickle down tax cuts for the rich theory is dead

[Psycho4Bud]

Okay, then. If you're so confident that businesses and the wealthy should be asked but not forced to give, do you support the idea of no government? The obvious endgame for capitalism is that business takes over the roles of government, so is that acceptable to you or to any other member of this board?

If you answer "no", then you should sit back and realize that without money, Government doesn't exist in a free-market economy. Where does that money come from?

*ding ding ding* We have a winner! The word was...

TAXES!!!

Who pays the most at the current time? Do you think that it's fair that the few have to support the others? Some of the Obamites are the lazy asses that feel that the government OWES them. What was JFK's theme again....Ask not what your country can do for you but what you can do for your country? And they compare this socialist to him? What a joke!

You need medical care, maybe a loan for a vehicle to get back and forth from your job? Send a letter to the million dollar man Obama and we'll see how "compassionate" he really is. LMAO...don't ask cheap Joe Biden though, that would be a complete waste of time.

Besides all that, where in the constitution does it say that if you succeed that you have to support those that don't really give a rats ass if they live in a ghetto or a trailer court?

Have a good one!:s4:

[silkyblue]

ahhh the wealth !

I call it 'giving money back' to the hard working folk, money the Amercian government takes

FROM WALLETS


whats in your wallet?


$$ has a whole new meaning dude

nobody walks out of walmart empty handed because corporate taxes are too high

thats a shame huh!


OMG! How dare the Walmart shoppers )

[Psycho4Bud]

"Lower taxes increase company productivity. Through increased productivity the company is able to generate more product that may be high in demand. Leading to a high amount of trade in volume. Allowing for more tax revenue to be generated."

- i can see how lower taxes increase company profitability but how do lower taxes increase productivity? generating more product does not increase demand - increased demand generates more product supply, even if a business has to borrow money to increase supply...if the demand is there, it will be met...nobody walks out of walmart empty handed because corporate taxes are too high

decreasing taxes can increase demand, especially among the lower and middle classes who spend almost all of their disposable income...obama claims that he will reduce those taxes...YAY! decreasing taxes to the rich doesn't increase demand because they can already buy everything they need, and they still have high savings rates...the trickle down tax cuts for the rich theory is dead

Joe has a small business that is over $250,000. He NOW has to pay for health care and also is getting nailed for higher taxes. Joe has to lay off one or two people in order to make his company solvent. How much of their unemployment check will be spent at Walmart?

Have a good one!:s4:

[maladroit]

that is a valid point about profitability, but it has nothing to do with productivity

productivity
Definition
The amount of output per unit of input (labor, equipment, and capital). There are many different ways of measuring productivity. For example, in a factory productivity might be measured based on the number of hours it takes to produce a good, while in the service sector productivity might be measured based on the revenue generated by an employee divided by his/her salary.

productivity Definition

[JaySin]

So he makes $250,000 AFTER paying his employees and all The expenses? So after profiting $250,000, how would it make his life any harder to pay a little bit more in taxes? Yet the people that don't get such a massive surplus in profit are suppose to spend almost all of there disposable income just to get by?

Like I've said before, If I made that much money I would GLADLY give a little extra to help 95% of the country out. I'm not a greedy little pig that thinks 95% of the country is trailer trash that just sits on their lazy ass all day looking for handouts.

[maladroit]

i live in one of the richest cities in the world and i have to step over the bodies of homeless people who were kicked out of their accomodation so it could be converted into expensive condos...meanwhile, all three levels of government found $5 billion taxpayer dollars to fund the 2010 olympic games in my city that will take decades to pay off...our priorities are badly messed up