Should Millionaires Share Burden Of Budget Cuts?

[Benny B]

Republican Senator Jeff Sessions referred to an effort led by Senate Majority Leader Harry Reid to pass a Senate resolution that the rich should share the pain of spending cuts as "rather pathetic". Michael Shure explains.

[Irongrip400]

I think that the people on welfare and other government subsidized programs should be the first to take "pay cuts".  It's funny, my brother owns a rent to own place, and on one of the credit applications in the "source of income" sections, she put, children.  Seriously though, those people need to be sent to an island somewhere, I am sick of paying their bills.

[Sam]

In a word Yes.

[Vince G, CSN MFT]

I think that the people on welfare and other government subsidized programs should be the first to take "pay cuts".  It's funny, my brother owns a rent to own place, and on one of the credit applications in the "source of income" sections, she put, children.  Seriously though, those people need to be sent to an island somewhere, I am sick of paying their bills.

 

[The_Iron_Disciple]

Simple answer : Yes.

[Irongrip400]

Vince, what's with the eye roll?  Do you not think that people who abuse the system(at both ends, rich and poor) should not be held accountable?  Not attacking, just a real question.  While not sticking up for the rich, at least it can be argued that they put something(money, jobs) back into the economy.  You as a business owner should understand this.

[MCWAY]

Share burden? PLEASE!!!

Nearly half the employed people in this nation pay ZILCH on taxes.

All this "share burden" stuff is a cushy euphemism for lazy and/or covetous liberals who think they're entitled to the fruits of someone else's labor, simply because they happen to have a pulse.

Notice how all the rich liberals (in Hollywood and in DC) ain't scrimping on THEIR LAVISH LIFESTYLES. Michelle Obama runs her mouth about sacrificing.....then she flies to Spain and blows half a million bucks with her buddies.

John Kerry talked that same mess, only to hide his yacht in another state to AVOID paying taxes.

Then, comes the president and his yak about big business CEOs and their corporate jets. Did Obama forget his buddy, Jeffrey Immelt (CEO of GE, who ALSO DOUBLED as the head honcho of a crackpot left-winged cable news network, that can't get off Obama's sack to save its life) paid absolutely NOTHING in taxes last year?

Then, there are the left-winged goofies who want us to ride in juice boxes, disguised as cars, while they roll to "climate change" conferences in gas-guzzling armored SUVs.

Our current Speaker of the House flies coach; guess how our FORMER Speaker of the House traveled the country (and the world)....on AIR FORCE THREE, blowing six figures on hooch (alcohol, that is).

The bottom line is that this "shared sacrifice" stuff is pure BS. These politicians and liberals love to preach sacrifice....as long as it's SOMEONE ELSE'S MONEY, not their own.

[Irongrip400]

Share burden? PLEASE!!!

Nearly half the employed people in this nation pay ZILCH on taxes.

All this "share burden" stuff is a cushy euphemism for lazy and/or covetous liberals who think they're entitled to the fruits of someone else's labor, simply because they happen to have a pulse.

Notice how all the rich liberals (in Hollywood and in DC) ain't scrimping on THEIR LAVISH LIFESTYLES. Michelle Obama runs her mouth about sacrificing.....then she flies to Spain and blows half a million bucks with her buddies.

John Kerry talked that same mess, only to hide his yacht in another state to AVOID paying taxes.

Then, comes the president and his yak about big business CEOs and their corporate jets. Did Obama forget his buddy, Jeffrey Immelt (CEO of GE, who ALSO DOUBLED as the head honcho of a crackpot left-winged cable news network, that can't get off Obama's sack to save its life) paid absolutely NOTHING in taxes last year.

Then, there are the left-winged goofies who want us to ride in juice boxes, disguised as cars, while they roll to "climate change" conferences in gas-guzzling armored SUVs.

Our current Speaker of the House flies coach; guess how our FORMER Speaker of the House traveled the country (and the world)....on AIR FORCE THREE, blowing six figures on hooch (alcohol, that is).

The bottom line is that this "shared sacrifice" stuff is pure BS. These politicians and liberals love to preach sacrifice....as long as it's SOMEONE ELSE'S MONEY, not their own.

Okay, I didn't want to say it that way, but you are spot on.

[makaveli25]

DOn't the rich already pay like 80% of the taxes.

[ManBearPig...]

DOn't the rich already pay like 80% of the taxes.

yes, but according to social leeches like Benny Fagco, they should pay 150%.

[muscularny]

remember this, the rich will fuck you before you fuck them

they have options the rest dont, watch the video below, like him or not trump got more rich friends than all of us combined and knows a thing or two how they operate, listen to what he says they are doing and going to do

(embeds not allowed or id embed its worth the few minutes to watch it)

[MCWAY]

remember this, the rich will fuck you before you fuck them

they have options the rest dont, watch the video below, like him or not trump got more rich friends than all of us combined and knows a thing or two how they operate, listen to what he says they are doing and going to do

(embeds not allowed or id embed its worth the few minutes to watch it)

Trump said it best. Rich people aren't going to stand by and let the government fleece them via high taxes. They're going to take their loot and MOVE elsewhere.

"It's no different than people leaving New York for Florida."...which is exactly what America's number one radio talk show host did, when New York hiked its taxes.


Think about it. Financially speaking, why do you think Lebron James went to the Heat, instead of the Knicks?

[MB]

I would eliminate federal income taxes and institute a national sales tax, then everyone pays their fair share.  Do away with all the loopholes and complicated tax codes.

[makaveli25]

I would eliminate federal income taxes and institute a national sales tax, then everyone pays their fair share.  Do away with all the loopholes and complicated tax codes.

This

[muscularny]

I would eliminate federal income taxes and institute a national sales tax, then everyone pays their fair share.  Do away with all the loopholes and complicated tax codes.

AMEN!!!

[Vince G, CSN MFT]

Vince, what's with the eye roll?  Do you not think that people who abuse the system(at both ends, rich and poor) should not be held accountable?  Not attacking, just a real question.  While not sticking up for the rich, at least it can be argued that they put something(money, jobs) back into the economy.  You as a business owner should understand this.

Clinton pretty much put an end to welfare a long time ago with the Welfare Reform Act of 1996.  There's nothing to really cut from that budget and the only people who actually get nowadays are elderly, disabled and mentally retarded and there's now only a 5 year limit on receiving it.  The amount is also minimal as they only get about 120 dollars a month if they are lucky which pretty much goes back into their public housing.  Those who are on it that can work are made to work menial jobs anyway so a lot of people who used to milk the system stay clear of it. 

BTW, the percentage of qualified whites on welfare is 39% compared to blacks at 37% currently.  Doesn't sound like much of a difference except the white population is much larger.

I honestly agree in getting rid of tax breaks for oil companies and other corporations who really don't need it.  They were given them before by President Bush and they pretty much pocketed the money rather than give any jobs.  If corporations did want they promised, then Bush's economic plan would have worked.

[Coach is Back!]

What MB said. Another failed thread by Benny.

[Vince G, CSN MFT]

What MB said. Another failed thread by Benny.

I somewhat agree but I would rather recommend a flat percentage income tax that Ross Perot advocated, everyone pays equally into the system.  Also I would put a limit on the amount for medical malpractice lawsuits and runaway judgements to get health cost back down, cease federal lawsuits of tobacco companies because everyone knows that cigarettes are bad for you, legalize industrial hemp because it would be a major product that we can grow easily and export, move to invest in biodiesel fuels since we subsidize corn anyway rather than investing in bullshit solar and wind power products because it would allow us to be self-sufficient and get our lips off the cocks of Arab Nations.  


Oh yea, I would also have the electric chairs turned back on, put some fear back into committing a crime and it won't happen as often and televise it as well.

[Purge_WTF]

I would eliminate federal income taxes and institute a national sales tax, then everyone pays their fair share.  Do away with all the loopholes and complicated tax codes.

  Yes.

[Marty Champions]

the rich WONT make more jobs NO MATTER WHAT, they are at the ceiling of wealth they will either move or stay in the country for other reasons . the rich dont have any more time on there hands, they cant get much richer without doing more work so fuck that they say.

i agree with MB on the tax revisions

[Soul Crusher]

Vince, what's with the eye roll?  Do you not think that people who abuse the system(at both ends, rich and poor) should not be held accountable?  Not attacking, just a real question.  While not sticking up for the rich, at least it can be argued that they put something(money, jobs) back into the economy.  You as a business owner should understand this.

50% pay nothing at all.  Why not start asking them to pay something first? 

[Soul Crusher]

I would eliminate federal income taxes and institute a national sales tax, then everyone pays their fair share.  Do away with all the loopholes and complicated tax codes.

BINGO 

[muscularny]

50% pay nothing at all.  Why not start asking them to pay something first? 

50% = about 40 million working people

even if 40 million people X 500 bucks = $20 billion in 10 years thats $200 billion bucks

versus fucking with the rich guy and losing 200 billion in the next 10 years or more, they destroyed NJ by moving away

doubt that they move over taxes? look what they did to jersey

"N.J. loses $70B in wealth during five years as residents depart"

Most left to florida

http://www.nj.com/business/index.ssf/2010/02/nj_loses_70b_in_wealth_over_fo.html

This guy is a billionaire, he left NY to Florida over taxes, hear it from his own mouth

    forward to 3:30

you will also learn that MD lost 30% of its millionaires due to taxes

So once again people, I am far from rich, but instead of yelling and screaming about them lets remember, they can fuck us more than we can fuck them.

They leave and entire towns go to shit, entire cities and economies, they spend a truck load of cash everywhere.

The idiots yell, let them leave, fuck them, no if they leave its FUCK YOU!

Remember its not year 2000 anymore, many countries now are just as developed as the USA, its a time to respect the wealthy, to appreciate what they do for everyone by simply making money and spending it, because if we dont, they will fuck us all BIG TIME, because historically once they leave they dont come back!

Look at facts not at bullshit, the WSJ had a whole article on wealthy leaving the country, people where mad, called them traitors, guess what they dont give a fuck, they always have the last laugh.

[tbombz]

the problem is multi faceted.

the rich need to pay more. big business needs to pay more.

but we also need our economy to run smoothly.

closing corporate tax loopholes is a big sstep in the right direction and it wouldnt cause business to leave.

but we also need to create legislation that prevents companies from outsourcing jobs. in fact we needed this legislation 50 years ago. but alas,  hindsight is 20/20.


america will return to prosperity, but only alongside china and others.

and then we must start to compete with them to hold our groung.

the problem is that these other countries dont have minimum wages, dont have labor codes, dont have environmental restirctions... etc tec.    so theyre cost of production are way way cheaper and we just cant compete.

the only real solution is a new world order where we enfoce a global minimum wage, global environmental regulations, etc.


another part of the problem is that nobody has to invest in their military anymore, because we already got the world covered. w spend a trillion a year on defense. the rest of the world benefits but no on heps us foot the bill. so we need to also collect taxes worldwide to pay for enforcement of the labor laws, enviro regs, and also basic freedom and human rights globally.


looking at the situation  without considering the global situation andall possible options doesnt help things and the conservatoive position that we ought not raise taxes on anyone wont either.