Wll their be a Tax hike

[PQ]

Considering Bill Clinton had the biggest economic boom in the history of mankind with the advent of the PC and e-commerce he SHOULD have had success with the budget. But spending didn't go down and taxes went up on top of that.

Our defecit had NEVER been zero. Our economic growth after the internet boom and .com era wealth and followed imediatly by the housing bubble had created 20 or so years of steady growth. It HAD to receed. And because of the extended growth we got saturated. It's estimated that there are 10 million more homes than there are people who can afford to buy them. NOT EVERYONE CAN OWN A HOME. And cars aren't much different now that the recced has started. We're saturated. It was kind of the perfect storm. Then add onto that the fact that our GDP has dropped faster than Romes EVER dropped. It's a bad situation and gonna get worse. I laughed my ass off when I heard the goofy candidates talk about lowering taxes. How the hell can you do that.

If your monthly bill are 1000.00 and you make 900.00 you have a budget deficit of 100.00 so how is lowering your income going to help you?

[dbotsfordtat]

Originally Posted by Skyman 08

no, Obama promised us that 95% of us would get a tax cut....
Right?
I believe him don't you ?

I honestly don't know what Obama is going to do, He seems to be pretty smart compared to the last guy though.

[rmyers]

Wealth will always find its way back to the wealth producers. Obama doesn't have a clue, has never run some much as a hot-dog stand, but thinks he's qualified to spend a trillion dollars. Book smarts don't necessarily make you smart where it matters.

What we really need to do is pass the FairTax. It is the only tax plan that promotes growth, savings, and is truly fair. Plus it puts an end to the use of the tax code for social engineering.

Aside from that, it has been proven time and time again, lowering taxes = increased revenue. But what our government really needs to do is go on a huge diet and stop spending so damn much of our money.

[PQ]

Originally Posted by dbotsfordtat

I honestly don't know what Obama is going to do, He seems to be pretty smart compared to the last guy though.

Why, because he can speak better? He has done NOTHING thus far to compare. He may turn out better but he may not.

[Rallysport]

Originally Posted by rmyers

Wealth will always find its way back to the wealth producers. Obama doesn't have a clue, has never run some much as a hot-dog stand, but thinks he's qualified to spend a trillion dollars. Book smarts don't necessarily make you smart where it matters.

What we really need to do is pass the FairTax. It is the only tax plan that promotes growth, savings, and is truly fair. Plus it puts an end to the use of the tax code for social engineering.

Aside from that, it has been proven time and time again, lowering taxes = increased revenue. But what our government really needs to do is go on a huge diet and stop spending so damn much of our money.

AMEN BROTHER!!!

[dbotsfordtat]

Originally Posted by rmyers

Wealth will always find its way back to the wealth producers. Obama doesn't have a clue, has never run some much as a hot-dog stand, but thinks he's qualified to spend a trillion dollars. Book smarts don't necessarily make you smart where it matters.

What we really need to do is pass the FairTax. It is the only tax plan that promotes growth, savings, and is truly fair. Plus it puts an end to the use of the tax code for social engineering.

Aside from that, it has been proven time and time again, lowering taxes = increased revenue. But what our government really needs to do is go on a huge diet and stop spending so damn much of our money.

Yes and no, if you don't like the idea of redistributing it then theoretically it will end up in one persons hand at the end of the game. But your dismissing the fact we all don't all start the game on the same line with the same abilities and advantages. History is filled with examples of what happens when you "let them eat cake".

[dbotsfordtat]

Originally Posted by irpq11

Why, because he can speak better? He has done NOTHING thus far to compare. He may turn out better but he may not.

I'm not defending or opposing President Obama, but do you really want to use the bush administration as an example of good government? I hope like hell he NEVER does anything to compare to the bush administration. And yea, watching bush give a speech always gave me anxiety, so it is kind of nice having someone that can complete a sentence coherently. In the end we are all in this together and I want to see my country united and healthy again, I don't care how it happens, just that it happens.

[Grape Ape]

The majority of the tax will be felt as inflation and higher interest rates. Because most people don't notice and won't know who's behind it. Unfortunately they are both pretty regressive taxes.

[Inspector 17]

We probably need to tread lightly here. This sounds like it could turn political and the mods don't like that. Careful. I think the bottom line is no matter what, let's hope that things start to stabilize. I don't expect things to get better for a while, but at least perhaps they can stop getting worse.

[Angrybird 12]

Originally Posted by kdbolt70

Tax cuts now to stem the economy. Once we get back on our feet, watch those cuts disappear.

Just remember the Bush tax cuts are supposed to end in 2010 unless Pelosi and Reid get them overturned even earlier, then you will see a tax INCREASE.... But they will claim that it was not a tax increase, they just let the tax rates return to what it was when Clinton was President.

But I know I heard Obama say one time he was wanting the Bush Tax cuts to be extended until the economy recovers. We will just have to wait and see if Congress lets them expire or not.

I am hoping for the best but expecting the worst...

I don't think it is fair to compare the last administration and this one. this is a entirely new ballgame now. Lets just judge them on what they say as compared to what they do and the results they get. Agreed?

[rmyers]

Originally Posted by dbotsfordtat

Yes and no, if you don't like the idea of redistributing it then theoretically it will end up in one persons hand at the end of the game. But your dismissing the fact we all don't all start the game on the same line with the same abilities and advantages. History is filled with examples of what happens when you "let them eat cake".

I think you misunderstood me. I never said it would end up in one person's hands. I said wealth would always find its way back to the wealth producers. In other words, people that produce wealth will always find a way to produce that wealth therefore bringing it back to them. People that do not know how to produce wealth will continue to consume and ultimately that wealth will leave them. For example, I think we would be surprised to find out that a large percentage of lottery winners end up broke. I don't know the number but I would suspect it to be significant.

I do not like redistributing it...that would be socialism or communism. And it doesn't matter where you start the game. It only matters how determined you are. I am by no means wealthy but I am a lot better off than when I got started. If your are fortunate enough to live in America, and you aren't afraid to work, you can write your ticket. I truly believe that.

I honestly don't know what you mean by your last statement so some clarification of History is filled with examples of what happens when you "let them eat cake".

Lastly I don't really understand why the moderators are sensoring political discussions. It seems pretty un-american to me.

[dbotsfordtat]

Originally Posted by rmyers

I think you misunderstood me. I never said it would end up in one person's hands. I said wealth would always find its way back to the wealth producers. In other words, people that produce wealth will always find a way to produce that wealth therefore bringing it back to them. People that do not know how to produce wealth will continue to consume and ultimately that wealth will leave them. For example, I think we would be surprised to find out that a large percentage of lottery winners end up broke. I don't know the number but I would suspect it to be significant. I do not like redistributing it...that would be socialism or communism. And it doesn't matter where you start the game. It only matters how determined you are. I am by no means wealthy but I am a lot better off than when I got started. If your are fortunate enough to live in America, and you aren't afraid to work, you can write your ticket. I truly believe that. I honestly don't know what you mean by your last statement so some clarification of History is filled with examples of what happens when you "let them eat cake".Lastly I don't really understand why the moderators are sensoring political discussions. It seems pretty un-american to me.

Well, I can agree to disagree with you, no hard feelings on my part. What I mean is not everyone is as smart as you or they might be raised in a* crackhouse, abused, ect... Do you think its ok to let them starve on the streets if their not capable of providing for themselves? Also, when you say wealth producers do you include folks like Madoff, theres lots of ways to produce wealth not all of them moral or legal.Let them eat cake was a statement attributed to Marie Antoinette the queen of France and directed to the starving citizens of that Country. She was executed during the Revolution which came about largely because the wealthy people of that era thought it was ok to let the less fortunate starve.Sorry I have to go, my wife is yelling at me, but I do like debating these things with you. I'll check back tomorrow. No hard feelings though, hope to discuss further with you. Maybe I'll learn something.

[Inspector 17]

Originally Posted by rmyers

Lastly I don't really understand why the moderators are sensoring political discussions. It seems pretty un-american to me.

Well, I don't think it is political discussions that they don't like, but the fact that some people get out of hand and turn it into something beyond just a political discussion. When it gets personal they get edgey.

[dbotsfordtat]

Originally Posted by camaropete

Well, I don't think it is political discussions that they don't like, but the fact that some people get out of hand and turn it into something beyond just a political discussion. When it gets personal they get edgey.

Yea I understand that, Politics can certainly get ugly. I don't believe there are any good or right answers to alot of the political questions facing our country. I'm certainly no fan of government redistributing my hard earned money to crooks or people that don't seem to be trying to make it on their own. But at the same time I can clearly see that poverty and failing banks produce alot of bad things that will effect me regardless of how I feel about it. One thing I like about discussing it here is we all share common ground on something like the Camaro but we are also different enough that we aren't parroting each others views. And it is a nice break from ABL, Stripe and my least favorite " What are you going to do when" threads, no offence to those that like those threads. Anyways, I appreciate you discussing this with me, if I ever write anything that offends you, hope you will forgive me.