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People on EBT aren't going buy your 401K

Discussion in 'Politics, Elections & Legislation' started by Bisi, Dec 30, 2012.

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  1. Bisi

    Bisi TS Member

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    I've had the fortune or misfortune of having friends and relatives stopping by during the Holiday season. It seems like all the conversations get around to the economy and the fiscal cliff. These folks for the most part vote Republican, and it seems like they don't have any problem with raising taxes on the rich. I've heard "why shouldn't the rich pay a little more" etc...... On the surface Ojacka** has won the argument. These aren't slacker takers, most have good or great jobs making 6 figures. The Deomcraps have played the envy card to the max.

    The Republicans have lost the PR war. I can give em reasons to not raise taxes on the rich. If Ojacka** get's his way with raising dividend taxes on the rich to 39.6 percent then eliminate deductions that with add another 1.5% and then add in the 3.8% Obama care tax surcharge you are looking at a 45% tax rate on the evil rich for dividends. So? Well why in the hell would any rich person want to buy stocks? Ojacka** wants to raise capital gains tax on the rich to the same 45% too. So again why should you care? When it comes time to cash out your 401K - who you going to sell your stocks to? If the rich don't want them, then whom? The welfare queen on EBT and WIC isn't going to buy em from you, so who is???

    So you tax a rich Doctor another 100K who cares? Well maybe the Doctor doesn't buy a motor home because he had to send his money to DC. I'm in Indiana - Motor Home capital of the world, it will hurt the people whom work for the RV manufacturers.
    How is taking money from your local private economy and sending it to DC going help you? That Doctor or evil rich bastard isn't going to have money for outdoor kitchens, landscapers, etc...

    I don't know. It is just a damn shame most people in this country don't have even an elementary level of economic education. Real bright. Take money away from the private sector and send it to DC.

    I want the money to stay local, so I have a shot at getting some of it. Yeah, I know I'm looking out for more own interest, which makes me a greedy sob.

    Republicans need to get on the stick and explain things. I guess to most of us it is common sense, but you got to remember most of these people went to government schools.
     
  2. CharlieAMA

    CharlieAMA TS Supporters TS Supporters

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    People on EBT aren't going to buy your 401K

    If I may be so bold as to offer my 2 cents. People have become accustomed to free shit. They want it, they steal and rob for it, and they do what ever they can to get it. Except work for it. The rest of us have to work, pay taxes, work more, pay more taxes. Washington D.C. doesn't understand the common people. They have divided us into classes-Upper, Middle, and Lower. They feel that someone, who has done well, needs to be penalized for doing well. So, because you have done well, we are going to tax your ass off, and give it away. You build up a large estate, and leave it to your heirs. We are going to tax your estate's ass off, as a penalty for doing well. Because it's not fair. Someone hasn't done as well, so they are entitled to your good fortune. It is a way of life for some folks. Sad, but true. I'm Charlie Henderson, and I approved this message. Let the flack begin.
     
  3. Barrelbulge(Fl)

    Barrelbulge(Fl) Banned User Banned TS Supporters

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    People on EBT aren

    bisi you quoted" I've heard "why shouldn't the rich pay a little more" etc......". I'll tell you why they shouldn't, and I am not one of them. Because they don't have to. They are paying what the IRS is saying they have to. They take all the legal deductions that they are entitled to and maybe some they are not entitled to, like most do. If people think the rich should pay more taxes then they should petition their representatives to change the tax codes. Bulge.
    [​IMG]
     
  4. slowdp

    slowdp TS Member

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    People on EBT aren

    Obastard has it figured out. Charge the upper 2% of the population more in taxes. Give the taxes to the lower 50% and guess how many more votes you get.

    This is a socialist agenda headed toward a communist agenda. The USA will be changed as it currently operates.

    We need to figure out a way to run out the illegals, cut of assistance funds to the non workers and open up the work areas.

    I just got back from a vacation in Costa Rica and they are doing what we do now. Their lower class farm labor comes from a lower class country near them. Their low class citizens are given government assistance. They are getting in trouble.
     
  5. lel4866

    lel4866 Member

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    Without commenting on the moral basis of taxing the more well off an extra amount over what they're paying now, there's is a flaw in you argument. When the government takes money in taxes, it doesn't disappear. It's given to someone else. They use it to buy things too, that they would not have bought without it.

    So, while the doctor may not buy a new boat, the unemployed person receiving the benefit might buy food, etc. Instead of having more boat makers, we have more farmers/low cost food stores, etc.

    The net employment doesn't change.

    So, IMHO, what's the real difference? It has to do with innovation and productivity. You get less of whatever you tax. If you tax innovation and productivity, you get less of it.
     
  6. Bisi

    Bisi TS Member

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    Well Barrelbulge, these people do want to raise taxes on the rich. The people I'm talking about want the Republicans to go along with Obama and raise taxes on the rich, because they don't see how it will hurt them. When I explain to them - that it will hurt them when they try to sell the stocks in their 401K, or that it might hurt their local businesses they get it. Why the Republicans can't do that is beyond me????????

    PS - I visited Pittsburgh this year. It wasn't nothing like I imagine. It is a very beautiful city. Surprised the hell out of me. I don't know what I was expecting but it was a very clean friendly city. Your lucky to live there, don't know why you want to move to FL.
     
  7. ysr_racer

    ysr_racer Active Member

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    I hate 1%-ers. Wait, that's not right. I want to be a 1%-er, that's what it is.
     
  8. Bisi

    Bisi TS Member

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    4866, you answered your own question. It kills productiveness, ambition. There was no unemployment in the old Soviet Union. Everybody had a job. Didn't have much of anything else but they had a job. Lived in squalor, but they had a job. It might of been handing out one square of toilet paper at a john but it was a job.

    I'm afraid we are on the same path.
     
  9. slowdp

    slowdp TS Member

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    lel4866 - take the money from the rich and stop the rich. No one buys expensive boats or motor homes and the owners lose their income. The developers then fire the employees. Now more money is needed to give to the poor because there are more poor. Now the problem grows.

    The population needs to spend the money - not the government.

    The money being taken is to be used to buy votes. This needs to stop.

    Our country will change the name to the USSA!
     
  10. kiv-c

    kiv-c Member

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    Whenever I read threads like this, outlining O'bama & friends methods of income redistribution by pandering for votes, this quote by Elmer T. Peterson, always pops into my head:

    "A democracy cannot exist as a permanent form of government. It can only exist until the majority discovers it can vote itself largess out of the public treasury. After that, the majority always votes for the candidate promising the most benefits with the result the democracy collapses because of the loose fiscal policy ensuing, always to be followed by a dictatorship, then a monarchy."

    Another unattributed variation is:

    "The American Republic will endure until politicians realize they can bribe the people with their own money."

    Kiv
     
  11. Joe Potosky

    Joe Potosky Well-Known Member

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    Bank account is empty but I still have checks, so what's the problem?
     
  12. Brian in Oregon

    Brian in Oregon Well-Known Member

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    lel4866, quote: <i>"So, while the doctor may not buy a new boat, the unemployed person receiving the benefit might buy food, etc. Instead of having more boat makers, we have more farmers/low cost food stores, etc.

    The net employment doesn't change.

    So, IMHO, what's the real difference? It has to do with innovation and productivity. You get less of whatever you tax. If you tax innovation and productivity, you get less of it."</i>

    In what world do those who are laid off go out and become farmers? Show me how Obama has created more farms.

    And if the net employment doesn't change, then why do we have an employment problem?
     
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