OT: So the debt grows…

[briansd1]

I believe that the accurate figure is that 1/4 of the tax cuts go to the top 1%.

The debt may not grow if the fiscally responsible have their way:
http://www.washingtonpost.com/wp-dyn/content/article/2010/12/09/AR2010120906439.html?hpid=topnews

[Anonymous]

[quote=nocommonsense]
1)Your first sentence is of the mentality that the people’s money/income rightfully belongs to the government, and therefore rightful for the taking—not typical communist thinking you say?[/quote]

What ocrenter means is that the government has accumulated debt (the subject of this thread.) And it needs to get paid “back.”

An economic system where money is loaned and debtors actually pay it back has nothing to do with communism.

It’s particularly important that the *government* pay it back.

[quote]
2)Regarding your second sentence on tax cut for the rich, the rich only gets 14% of this proposed deal. I say that’s not unreasonable for this population who pay >95% of all income taxes in this country.[/quote]

Can you provide a source for that statistic?

Also, I’m curious why you are so concerned with protecting interests of the uber-wealthy.

Are we in the presence of a billionaire Pigg? (likely a first!)

Or are you just trying to ensure the tax system works in your favor when you get there some day in the future?

Wouldn’t you get there faster if you looked out for your own interests now?

[Anonymous]

[quote=nocommonsense]
1)Your first sentence is of the mentality that the people’s money/income rightfully belongs to the government, and therefore rightful for the taking—not typical communist thinking you say?[/quote]

What ocrenter means is that the government has accumulated debt (the subject of this thread.) And it needs to get paid “back.”

An economic system where money is loaned and debtors actually pay it back has nothing to do with communism.

It’s particularly important that the *government* pay it back.

[quote]
2)Regarding your second sentence on tax cut for the rich, the rich only gets 14% of this proposed deal. I say that’s not unreasonable for this population who pay >95% of all income taxes in this country.[/quote]

Can you provide a source for that statistic?

Also, I’m curious why you are so concerned with protecting interests of the uber-wealthy.

Are we in the presence of a billionaire Pigg? (likely a first!)

Or are you just trying to ensure the tax system works in your favor when you get there some day in the future?

Wouldn’t you get there faster if you looked out for your own interests now?

[Anonymous]

[quote=nocommonsense]
1)Your first sentence is of the mentality that the people’s money/income rightfully belongs to the government, and therefore rightful for the taking—not typical communist thinking you say?[/quote]

What ocrenter means is that the government has accumulated debt (the subject of this thread.) And it needs to get paid “back.”

An economic system where money is loaned and debtors actually pay it back has nothing to do with communism.

It’s particularly important that the *government* pay it back.

[quote]
2)Regarding your second sentence on tax cut for the rich, the rich only gets 14% of this proposed deal. I say that’s not unreasonable for this population who pay >95% of all income taxes in this country.[/quote]

Can you provide a source for that statistic?

Also, I’m curious why you are so concerned with protecting interests of the uber-wealthy.

Are we in the presence of a billionaire Pigg? (likely a first!)

Or are you just trying to ensure the tax system works in your favor when you get there some day in the future?

Wouldn’t you get there faster if you looked out for your own interests now?

[Anonymous]

[quote=nocommonsense]
1)Your first sentence is of the mentality that the people’s money/income rightfully belongs to the government, and therefore rightful for the taking—not typical communist thinking you say?[/quote]

What ocrenter means is that the government has accumulated debt (the subject of this thread.) And it needs to get paid “back.”

An economic system where money is loaned and debtors actually pay it back has nothing to do with communism.

It’s particularly important that the *government* pay it back.

[quote]
2)Regarding your second sentence on tax cut for the rich, the rich only gets 14% of this proposed deal. I say that’s not unreasonable for this population who pay >95% of all income taxes in this country.[/quote]

Can you provide a source for that statistic?

Also, I’m curious why you are so concerned with protecting interests of the uber-wealthy.

Are we in the presence of a billionaire Pigg? (likely a first!)

Or are you just trying to ensure the tax system works in your favor when you get there some day in the future?

Wouldn’t you get there faster if you looked out for your own interests now?

[Anonymous]

[quote=nocommonsense]
1)Your first sentence is of the mentality that the people’s money/income rightfully belongs to the government, and therefore rightful for the taking—not typical communist thinking you say?[/quote]

What ocrenter means is that the government has accumulated debt (the subject of this thread.) And it needs to get paid “back.”

An economic system where money is loaned and debtors actually pay it back has nothing to do with communism.

It’s particularly important that the *government* pay it back.

[quote]
2)Regarding your second sentence on tax cut for the rich, the rich only gets 14% of this proposed deal. I say that’s not unreasonable for this population who pay >95% of all income taxes in this country.[/quote]

Can you provide a source for that statistic?

Also, I’m curious why you are so concerned with protecting interests of the uber-wealthy.

Are we in the presence of a billionaire Pigg? (likely a first!)

Or are you just trying to ensure the tax system works in your favor when you get there some day in the future?

Wouldn’t you get there faster if you looked out for your own interests now?

[nocommonsense]

“Are we in the presence of a billionaire Pigg? (likely a first!)”

I wish 🙂 I simply have a principal issue with a government that’s eager to tax its people. I’m not rich by any means, but I’m already feeling tremendous pain from all the taxes–federal (28%), CA state (10%), capital gain tax (>20%), property tax (2% tax), sales tax (9%).

I’m sick and tired of it and wanted to tell the government to its face–“Keep your FILTHY hands OUT OF MY Pocket”!

[nocommonsense]

“Are we in the presence of a billionaire Pigg? (likely a first!)”

I wish 🙂 I simply have a principal issue with a government that’s eager to tax its people. I’m not rich by any means, but I’m already feeling tremendous pain from all the taxes–federal (28%), CA state (10%), capital gain tax (>20%), property tax (2% tax), sales tax (9%).

I’m sick and tired of it and wanted to tell the government to its face–“Keep your FILTHY hands OUT OF MY Pocket”!

[nocommonsense]

“Are we in the presence of a billionaire Pigg? (likely a first!)”

I wish 🙂 I simply have a principal issue with a government that’s eager to tax its people. I’m not rich by any means, but I’m already feeling tremendous pain from all the taxes–federal (28%), CA state (10%), capital gain tax (>20%), property tax (2% tax), sales tax (9%).

I’m sick and tired of it and wanted to tell the government to its face–“Keep your FILTHY hands OUT OF MY Pocket”!

[nocommonsense]

“Are we in the presence of a billionaire Pigg? (likely a first!)”

I wish 🙂 I simply have a principal issue with a government that’s eager to tax its people. I’m not rich by any means, but I’m already feeling tremendous pain from all the taxes–federal (28%), CA state (10%), capital gain tax (>20%), property tax (2% tax), sales tax (9%).

I’m sick and tired of it and wanted to tell the government to its face–“Keep your FILTHY hands OUT OF MY Pocket”!

[nocommonsense]

“Are we in the presence of a billionaire Pigg? (likely a first!)”

I wish 🙂 I simply have a principal issue with a government that’s eager to tax its people. I’m not rich by any means, but I’m already feeling tremendous pain from all the taxes–federal (28%), CA state (10%), capital gain tax (>20%), property tax (2% tax), sales tax (9%).

I’m sick and tired of it and wanted to tell the government to its face–“Keep your FILTHY hands OUT OF MY Pocket”!

[JBurkett19]

Ultimately it comes down to real contributions. Aren’t banks fundamentally meant to provide capital for real economic activity? Provide an overarching mechanism to keep money flowing to activities that facilitate worthy endevours. Banks should spend all of their enegy on simple banking. Simple banking adds to the betterment of our system and still creates a profit for them. All of the other stuff they’re involved in, like trading & creating complex securities adds no real value to our existance. Those activities have no essence.

[JBurkett19]

Ultimately it comes down to real contributions. Aren’t banks fundamentally meant to provide capital for real economic activity? Provide an overarching mechanism to keep money flowing to activities that facilitate worthy endevours. Banks should spend all of their enegy on simple banking. Simple banking adds to the betterment of our system and still creates a profit for them. All of the other stuff they’re involved in, like trading & creating complex securities adds no real value to our existance. Those activities have no essence.

[JBurkett19]

Ultimately it comes down to real contributions. Aren’t banks fundamentally meant to provide capital for real economic activity? Provide an overarching mechanism to keep money flowing to activities that facilitate worthy endevours. Banks should spend all of their enegy on simple banking. Simple banking adds to the betterment of our system and still creates a profit for them. All of the other stuff they’re involved in, like trading & creating complex securities adds no real value to our existance. Those activities have no essence.

[JBurkett19]

Ultimately it comes down to real contributions. Aren’t banks fundamentally meant to provide capital for real economic activity? Provide an overarching mechanism to keep money flowing to activities that facilitate worthy endevours. Banks should spend all of their enegy on simple banking. Simple banking adds to the betterment of our system and still creates a profit for them. All of the other stuff they’re involved in, like trading & creating complex securities adds no real value to our existance. Those activities have no essence.

[Author]

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