The US Economy is the “Envy of the World.” -Cheney

[Ex-SD]

HLS: You said it well, brother. I showed your post to my wife who said, “he sounds just like you”.

I knew there was something about you that I liked.
🙂

[Borat]

The tax cuts are a good thing. For those of us that pay soooo much into the system it’s a good incentive to keep some of the rewards of our efforts.

Had they cut spending I would agree with you. But since they increased government spending while simultaneously cutting taxes, they have done more harm than good and left the damage for the next administration(s) to clean up. It’s like they just switched to making the minimum payment on credit cards or opted to make the lowest payment on their “pick a pay” mortgage. Things look great for a while — until they suddenly look really, really bad…

[Borat]

The tax cuts are a good thing. For those of us that pay soooo much into the system it’s a good incentive to keep some of the rewards of our efforts.

Had they cut spending I would agree with you. But since they increased government spending while simultaneously cutting taxes, they have done more harm than good and left the damage for the next administration(s) to clean up. It’s like they just switched to making the minimum payment on credit cards or opted to make the lowest payment on their “pick a pay” mortgage. Things look great for a while — until they suddenly look really, really bad…

[Borat]

The tax cuts are a good thing. For those of us that pay soooo much into the system it’s a good incentive to keep some of the rewards of our efforts.

Had they cut spending I would agree with you. But since they increased government spending while simultaneously cutting taxes, they have done more harm than good and left the damage for the next administration(s) to clean up. It’s like they just switched to making the minimum payment on credit cards or opted to make the lowest payment on their “pick a pay” mortgage. Things look great for a while — until they suddenly look really, really bad…

[Borat]

The tax cuts are a good thing. For those of us that pay soooo much into the system it’s a good incentive to keep some of the rewards of our efforts.

Had they cut spending I would agree with you. But since they increased government spending while simultaneously cutting taxes, they have done more harm than good and left the damage for the next administration(s) to clean up. It’s like they just switched to making the minimum payment on credit cards or opted to make the lowest payment on their “pick a pay” mortgage. Things look great for a while — until they suddenly look really, really bad…

[Borat]

The tax cuts are a good thing. For those of us that pay soooo much into the system it’s a good incentive to keep some of the rewards of our efforts.

Had they cut spending I would agree with you. But since they increased government spending while simultaneously cutting taxes, they have done more harm than good and left the damage for the next administration(s) to clean up. It’s like they just switched to making the minimum payment on credit cards or opted to make the lowest payment on their “pick a pay” mortgage. Things look great for a while — until they suddenly look really, really bad…

[SDEngineer]

I won’t argue that it’s nice to keep some of the rewards of our efforts.

But, on the other hand, we are talking about a 3% across the board cut that amounts to roughly half the current budget deficit. I’d rather pay a little more in taxes and not have our aggregate budget deficit pushing $10T dollars – especially when the vast majority of that tax cut went to those earning FAR FAR more than the average American makes. That 3% tax cut for me (and I’m in the top 10% in income bracket) is an extra (small) vacation a year. The 3% tax cut for a CEO on the other hand is about the size of a luxury car. For one of those hedge fund managers, that 3% is the size of a home in RSF. I don’t think that CEO’s and hedge fund managers need that tax break quite as much as our economy needs balancing.

It’s not like they’re going to move anywhere else – we already have the lowest taxation of any first world nation.

The difference between me paying 25% and 28% is a minimal price to pay to have a more stable economy. Of course, by just reinstating the 38% tax bracket (for those making 200K/yr single, 350K/yr married), without touching any of the lower tax brackets, they could eliminate roughly half the current yearly budget deficit.

[SDEngineer]

I won’t argue that it’s nice to keep some of the rewards of our efforts.

But, on the other hand, we are talking about a 3% across the board cut that amounts to roughly half the current budget deficit. I’d rather pay a little more in taxes and not have our aggregate budget deficit pushing $10T dollars – especially when the vast majority of that tax cut went to those earning FAR FAR more than the average American makes. That 3% tax cut for me (and I’m in the top 10% in income bracket) is an extra (small) vacation a year. The 3% tax cut for a CEO on the other hand is about the size of a luxury car. For one of those hedge fund managers, that 3% is the size of a home in RSF. I don’t think that CEO’s and hedge fund managers need that tax break quite as much as our economy needs balancing.

It’s not like they’re going to move anywhere else – we already have the lowest taxation of any first world nation.

The difference between me paying 25% and 28% is a minimal price to pay to have a more stable economy. Of course, by just reinstating the 38% tax bracket (for those making 200K/yr single, 350K/yr married), without touching any of the lower tax brackets, they could eliminate roughly half the current yearly budget deficit.

[SDEngineer]

I won’t argue that it’s nice to keep some of the rewards of our efforts.

But, on the other hand, we are talking about a 3% across the board cut that amounts to roughly half the current budget deficit. I’d rather pay a little more in taxes and not have our aggregate budget deficit pushing $10T dollars – especially when the vast majority of that tax cut went to those earning FAR FAR more than the average American makes. That 3% tax cut for me (and I’m in the top 10% in income bracket) is an extra (small) vacation a year. The 3% tax cut for a CEO on the other hand is about the size of a luxury car. For one of those hedge fund managers, that 3% is the size of a home in RSF. I don’t think that CEO’s and hedge fund managers need that tax break quite as much as our economy needs balancing.

It’s not like they’re going to move anywhere else – we already have the lowest taxation of any first world nation.

The difference between me paying 25% and 28% is a minimal price to pay to have a more stable economy. Of course, by just reinstating the 38% tax bracket (for those making 200K/yr single, 350K/yr married), without touching any of the lower tax brackets, they could eliminate roughly half the current yearly budget deficit.

[SDEngineer]

I won’t argue that it’s nice to keep some of the rewards of our efforts.

But, on the other hand, we are talking about a 3% across the board cut that amounts to roughly half the current budget deficit. I’d rather pay a little more in taxes and not have our aggregate budget deficit pushing $10T dollars – especially when the vast majority of that tax cut went to those earning FAR FAR more than the average American makes. That 3% tax cut for me (and I’m in the top 10% in income bracket) is an extra (small) vacation a year. The 3% tax cut for a CEO on the other hand is about the size of a luxury car. For one of those hedge fund managers, that 3% is the size of a home in RSF. I don’t think that CEO’s and hedge fund managers need that tax break quite as much as our economy needs balancing.

It’s not like they’re going to move anywhere else – we already have the lowest taxation of any first world nation.

The difference between me paying 25% and 28% is a minimal price to pay to have a more stable economy. Of course, by just reinstating the 38% tax bracket (for those making 200K/yr single, 350K/yr married), without touching any of the lower tax brackets, they could eliminate roughly half the current yearly budget deficit.

[SDEngineer]

I won’t argue that it’s nice to keep some of the rewards of our efforts.

But, on the other hand, we are talking about a 3% across the board cut that amounts to roughly half the current budget deficit. I’d rather pay a little more in taxes and not have our aggregate budget deficit pushing $10T dollars – especially when the vast majority of that tax cut went to those earning FAR FAR more than the average American makes. That 3% tax cut for me (and I’m in the top 10% in income bracket) is an extra (small) vacation a year. The 3% tax cut for a CEO on the other hand is about the size of a luxury car. For one of those hedge fund managers, that 3% is the size of a home in RSF. I don’t think that CEO’s and hedge fund managers need that tax break quite as much as our economy needs balancing.

It’s not like they’re going to move anywhere else – we already have the lowest taxation of any first world nation.

The difference between me paying 25% and 28% is a minimal price to pay to have a more stable economy. Of course, by just reinstating the 38% tax bracket (for those making 200K/yr single, 350K/yr married), without touching any of the lower tax brackets, they could eliminate roughly half the current yearly budget deficit.

[surveyor]

raising taxes

Of course, by just reinstating the 38% tax bracket (for those making 200K/yr single, 350K/yr married), without touching any of the lower tax brackets, they could eliminate roughly half the current yearly budget deficit.

It always amazes me when people propose giving more money to the people who are obviously nowhere near the ability capable to manage it well. I would have thought that the denizens of this site would know better…

[surveyor]

raising taxes

Of course, by just reinstating the 38% tax bracket (for those making 200K/yr single, 350K/yr married), without touching any of the lower tax brackets, they could eliminate roughly half the current yearly budget deficit.

It always amazes me when people propose giving more money to the people who are obviously nowhere near the ability capable to manage it well. I would have thought that the denizens of this site would know better…

[surveyor]

raising taxes

Of course, by just reinstating the 38% tax bracket (for those making 200K/yr single, 350K/yr married), without touching any of the lower tax brackets, they could eliminate roughly half the current yearly budget deficit.

It always amazes me when people propose giving more money to the people who are obviously nowhere near the ability capable to manage it well. I would have thought that the denizens of this site would know better…

[surveyor]

raising taxes

Of course, by just reinstating the 38% tax bracket (for those making 200K/yr single, 350K/yr married), without touching any of the lower tax brackets, they could eliminate roughly half the current yearly budget deficit.

It always amazes me when people propose giving more money to the people who are obviously nowhere near the ability capable to manage it well. I would have thought that the denizens of this site would know better…

[Author]

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