A.Nonymous
Extreme Android User
If anyone cares, Obama is addressing the nation on this issue right now.
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Government Debt
- Thread starter Bob Maxey
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lordofthereef
Android Expert
Get off work in 45 min. Surely there will be a re-run!
A.Nonymous
Extreme Android User
noah way
Android Enthusiast
"Facts" are not things you believe or make up.
fact noun
1. something known to be true: something that can be shown to be true, to exist, or to have happened.
2. truth or reality of something: the truth or actual existence of something, as opposed to the supposition of something or a belief about something "based on fact".
3. piece of information: a piece of information, e.g. a statistic or a statement of the truth.
4. law actual course of events: the circumstances of an event or state of affairs, rather than an interpretation of its significance. "Matters of fact are issues for a jury, while matters of law are issues for the court."
5. law something based on evidence: something that is based on or concerned with the evidence presented in a legal case.
As such, you are talking out of your hat.
Bob Maxey
Android Expert
thanks for the definitions. FACT is, these HR people you speak of have NOT read the HC bill.
robertj298
Member
Wow maybe we should all bow down before the ALL KNOWING LOL
FACT is, you havent either.
A.Nonymous
Extreme Android User
Obama actually made a comment in his speech about working class Americans being held back by rich people and being tired of it. I need to find the transcript so I can find the exact comment. Is it weird that I've never felt that rich people were holding me back? Poor people mooching off me maybe, but never the rich.
No, the rich never do that. They haven't exported millions of jobs that used to keep the poor moochers in the workforce. They haven't received billions in bailouts. Spent billions ensuring the government acts exactly as they please.
A.Nonymous
Extreme Android User
A full 30% of my paycheck does not go to the rich in America every month. It goes to the poor moochers.
ElasticNinja
Android Expert
You see, the fruits of your productivity, a lot of its going to the rich, and in the US's case not much is been given back via taxation delivered services.
The "poor moochers" receive far less welfare than the rich....
For reference: I consider myself an independent and both sides (Democrat and Republicans) are filled with greedy politicians that don't work for our benefit, but their own.
We do spend a lot into welfare. But we do spend a lot of money on completely unnecessary things. Like Iraq. And Libya. And how we're still in Afghanistan after 10 years. We invade Iraq because we believe they have WMD. But the only thing we're doing to stop Iran is to infect them with computer viruses? Granted, we're spread too thin, as it is. We still are in Vietnam. We're still in South Korea. We were in Bosnia until a few years ago. At the time I got out of the service, we were building bases like mad in Africa.
And Libya? No offense to the suffering people of Libya. However, we experience crimes against humanity here in America. We have murders and human trafficking here. But we spend money on fuel and bombs against Libya and, in turn, lay off police, fire fighters, and teachers left and right?
We're heavily in debt, our job market is in a constant flux between bad and worse. Every three months we hear about government shutdown. It's time to start doing drastic things. Like cut spending, specifically in 'defense'. Closing down those bases and moving troops back to America would help quite a bit. Researching alternative fuels is also important. Creating jobs here by penalizing companies who outsource and/or increasing tariffs would help a bit, too. That crap about "Americans make crappy stuff" is complete BS, too. We may not build the best stuff, but we don't build the worst. Most of everything you buy is designed here, or based off of something that was designed here. It just was built by the cheapest laborers.
But I'm no economist. Not that I would believe any of them. They are as politically biased as those who publish their works.
noah way
Android Enthusiast
To have an effective tax rate of 30% means you make about $460,000 a year (filing singly with no deductions).
Tax Brackets (Federal Income Tax Rates) 2000 through 2011
While it is certainly possible, I highly doubt that anyone making nearly half a million a year would waster their time here.
Roughly 30% of federal spending goes to social security and medicare. Without these programs the US poverty rate would be far above 14.3% - one in seven people (2009 figures).
So, if you made a half million a year, didn't have any tax deductions, and paid a full thirty percent income tax, less than 10% of your paycheck would be used to fund social programs (that you are or will be eligible to participate in).
A.Nonymous
Extreme Android User
I don't see any of my money going to rich people.
A.Nonymous
Extreme Android User
Perhaps I am blinded by my anger at people with food stamps buying things like lobster and filet mignon that they did not spend a single second of time working for.
I actually like the rich people. I would like to be one of them one day. I like the rich people because they actually give me money at the end of the day in exchange for services I provide. I make my living off people richer than I. Those who do not work contribute nothing to me at all yet I pay to put lobster on their table while I sweat to put bologna on mine.
I actually like the rich people. I would like to be one of them one day. I like the rich people because they actually give me money at the end of the day in exchange for services I provide. I make my living off people richer than I. Those who do not work contribute nothing to me at all yet I pay to put lobster on their table while I sweat to put bologna on mine.
noah way
Android Enthusiast
Look again (or maybe for the first time).
Rich Benefit MASSIVELY From Tax Subsidies
Wealthy benefit most from tax subsidies: study
The U.S. government spent nearly $400 billion, mostly through tax breaks, in 2009 to promote home ownership and other wealth-building strategies, and more than half of that benefited the wealthiest 5 percent of taxpayers, said the study sponsored by the nonprofit Annie E. Casey Foundation and the Corporation for Enterprise Development (CFED).
Mortgage Subsidies Disproportionately Go to Rich Taxpayers
The tax benefit provided by the mortgage interest deduction flows overwhelmingly to rich families
Oil companies have a rich history of U.S. subsidies
... billions of dollars in tax and royalty relief to encourage drilling for oil and gas in the Gulf of Mexico and other offshore areas. There was even a $50-million annual earmark to support technical research for the industry.
At the time, drilling was already proceeding at a brisk pace, and industry profits were setting records. "With all the money they are making," Markey said to his top energy aide, who recalled the scene, "why does the government need to subsidize their work and their research?"
Tax
Look again (or maybe for the first time).
Rich Benefit MASSIVELY From Tax Subsidies
Wealthy benefit most from tax subsidies: study
The U.S. government spent nearly $400 billion, mostly through tax breaks, in 2009 to promote home ownership and other wealth-building strategies, and more than half of that benefited the wealthiest 5 percent of taxpayers, said the study sponsored by the nonprofit Annie E. Casey Foundation and the Corporation for Enterprise Development (CFED).
Mortgage Subsidies Disproportionately Go to Rich Taxpayers
The tax benefit provided by the mortgage interest deduction flows overwhelmingly to rich families
Oil companies have a rich history of U.S. subsidies
... billions of dollars in tax and royalty relief to encourage drilling for oil and gas in the Gulf of Mexico and other offshore areas. There was even a $50-million annual earmark to support technical research for the industry.
At the time, drilling was already proceeding at a brisk pace, and industry profits were setting records. "With all the money they are making," Markey said to his top energy aide, who recalled the scene, "why does the government need to subsidize their work and their research?"
Tax
Seeings how my previous response was deleted, and an infraction given, I will clarify it in a differant way. People choose to see what they already beleive. You don't see the rich getting billions in bailouts, billions in tax breaks, billions worth of incentives to move jobs overseas. You only see the poor buying lobster with welfare. Well, I have never seen somebody buy lobster with food stamps. I have seen the rich get billion dollar bailouts, billions worth of tax breaks, billions worth of incentives to export jobs. Thing is, the facts back up what I have seen. What you have seen, not so much....
A.Nonymous
Extreme Android User
They don't get tax incentives to move jobs overseas. It's simply cheaper to take jobs overseas than it is to keep them here. How is that the rich person's fault? Should they leave money on the table just so they can keep jobs here? The tax incentives you mention are in place to ENCOURAGE home ownership and investing. You can't have it both ways. Do you want to remove those economic incentives so you don't encourage people to invest or do you want to leave them in place and bash people who take advantage of the very reason they're there?
As for the lobster reference, it comes from this email that's been circulating. That's your money and my money going to pay for that. The person buying it didn't work for any of that money.
As for the lobster reference, it comes from this email that's been circulating. That's your money and my money going to pay for that. The person buying it didn't work for any of that money.
ElasticNinja
Android Expert
Actually the way the US tax system is structured, it makes tax sense to move jobs overseas. I remember the Irish cabinet freaking when Obama said he wanted to change that, cos we get an unwarranted amount of US FDI due to our low Corporation Tax.
A.Nonymous
Extreme Android User
That's my point exactly. People want to bash the rich for moving jobs overseas and ignore the reasons why they do it. Here it's made out that the rich are just unpatriotic, commie bastards who hate America and that's why they move jobs out of the States. The fact of the matter is it is not in their economic best interests to keep jobs in the States.