Poor Behavior

[amsterdam]

Howdy bhall,

You state and ask:

" W's tax cut in 2001 for the lowest 20% of earners in America was 2.6% while for the highest earners the cut was 7.3%. In 2010, when W's tax scheme stops, the lowest earners' cuts will be at 1.2% - a raise over 2001 levels - while the highest earners' cuts will be at a whopping 51.8% - yes, you read that correctly (source: Institute on Taxation and Economic Policy Tax Model, June 2002). "

"So tell me, how exactly is that helping the poor?"

The top earners pay the most in taxes,it makes sense to give them the biggest tax breaks,because they are most often business owners,who can then turn around and re-invest in their company and hire more workers. I think that you won't be happy until it amounts to income redistribution..well..if it's socialism ya want-then move to a socialist country.

Have a good one ...

do some really not understand that??

amazing

[F L E S H]

do some really not understand that??

amazing

Do you really believe they'll actually do that?

amazing

[F L E S H]

Hey Nich, I honestly believe that W purposefully lowered the value of his currency to hurt Canada. We've been pissing him off too much, so he gets back at us through our pocket books. Believe me, my father's company exports quite a bit to the US, and since the US dollar went down, they can't afford to buy from us anymore. It's all a strategy to get us where it hurts until we bend over backwards for him.

On a related note, did you know that for the first time in history China surpassed Canada as the number 1 exporter to the US? That's a trend that's going to continue...

[nicholasstanko]

Hey Nich, I honestly believe that W purposefully lowered the value of his currency to hurt Canada. We've been pissing him off too much, so he gets back at us through our pocket books. Believe me, my father's company exports quite a bit to the US, and since the US dollar went down, they can't afford to buy from us anymore. It's all a strategy to get us where it hurts until we bend over backwards for him.

On a related note, did you know that for the first time in history China surpassed Canada as the number 1 exporter to the US? That's a trend that's going to continue...

yeh i heard. i read that in the toronto sun and i was amazed.

i figure with careful scrupulation, it can hurt them in the long run. with more favour going to the euro, such extortion can only go so far. russia and china are right at our doorstep, and there are many third world countries that will gladly accept our medecine in exchange for even cheaper outsourced labour.

when canadians realise that, then the time will soon come when america begs for our resources back.

i read in a financial magazine about life insurance companies setting up shop in vietnam.

[nicholasstanko]

foolish americans.

[bhallg2k]

The top earners pay the most in taxes,it makes sense to give them the biggest tax breaks,because they are most often business owners,who can then turn around and re-invest in their company and hire more workers. I think that you won't be happy until it amounts to income redistribution..well..if it's socialism ya want-then move to a socialist country.

Yes, we see those kinds of reinvestments every day.

CEOs draw astronomical salaries against plunging worker pay whether their companies perform or not - the former Disney CEO, Michael Ovitz, made $140 million dollars for 14 months of work, and it was all legal. Corporations set up off-shore tax shelters evading billions in tax liability, outsource employees to the lowest bidding countries, "manage" pensions into the ground with faulty accounting and into government control.

Enron, Tyco, Adelphia, Global Crossing, WorldCom, Qwest Communications, Xerox, Merck, Vivendi, Bristol-Myers Squibb, Elan, Halliburton, Harken Energy, Wal-Mart; all models of good business behavior, right?

"Taxes are the price we pay for living in a civilized society." - Oliver Wendell Holmes

Those who benefit the most from living in America should pay the most for living in America. It's not about income redistribution, it's about responsiblity, something W doesn't understand. If he did, his tax scheme wouldn't shift the tax burden squarely on the middle class, which is where the vast majority of small business owners like you mention reside, at the same time also raising taxes on the poorest while lowering taxes astronomically at the top (source: IRS, CBO).

So no one should dare make an argument that W's plans benefit the poor, which is what you were trying to say with that O'Reilly bullshit.

[weirdo79]

Trickle down doesnt work in anything other than a hypothesis. It can't work in practice greed always overrides.

[nicholasstanko]

jesus christ!

dont you remember the trickle down theory is what got america into the depression in the first place?!?!?


sure, you could blame it on the stock market all you want, but it was hoover that vainly told americans to work for that two cars in every garage and a chicken in every pot bullshit.

just like w's theory...work hard and you can be a ceo too...bullshit! by outsourcing your resources to paying taxes...what happens....you go to a bank or some jew investor...paying interest while fat cats get richer...and you better pull in some numbers your first year or the only chicken in the pot will be poulet-flavored ramen noodles.