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Ozzie
ParticipantThis “redistribution of wealth” is called a progressive tax and is what nearly every free market country in the world uses. The more you make the more you contribute on both an absolute and percentage basis. It’s pretty simple stuff and you only pay more on the marginal rate so if you make $300k you are paying 3% more on that last $50k or $1500 per year. Wow, that’s such a drastic redistribution of wealth! And since you’re also probably fully funding your 401k and maybe some pretax insurance it’s not even that much.
Here’s how Adam Smith (who is known as the founder of free market economcis) described a progessive tax in Wealth of Nations:
The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
The phrase “redistribution of wealth” is yet another GOP talking point that gets the loon base all fired up, but it’s what we have all lived with in our lifetimes.
ParticipantThis “redistribution of wealth” is called a progressive tax and is what nearly every free market country in the world uses. The more you make the more you contribute on both an absolute and percentage basis. It’s pretty simple stuff and you only pay more on the marginal rate so if you make $300k you are paying 3% more on that last $50k or $1500 per year. Wow, that’s such a drastic redistribution of wealth! And since you’re also probably fully funding your 401k and maybe some pretax insurance it’s not even that much.
Here’s how Adam Smith (who is known as the founder of free market economcis) described a progessive tax in Wealth of Nations:
The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
The phrase “redistribution of wealth” is yet another GOP talking point that gets the loon base all fired up, but it’s what we have all lived with in our lifetimes.
ParticipantThis “redistribution of wealth” is called a progressive tax and is what nearly every free market country in the world uses. The more you make the more you contribute on both an absolute and percentage basis. It’s pretty simple stuff and you only pay more on the marginal rate so if you make $300k you are paying 3% more on that last $50k or $1500 per year. Wow, that’s such a drastic redistribution of wealth! And since you’re also probably fully funding your 401k and maybe some pretax insurance it’s not even that much.
Here’s how Adam Smith (who is known as the founder of free market economcis) described a progessive tax in Wealth of Nations:
The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
The phrase “redistribution of wealth” is yet another GOP talking point that gets the loon base all fired up, but it’s what we have all lived with in our lifetimes.
ParticipantThis “redistribution of wealth” is called a progressive tax and is what nearly every free market country in the world uses. The more you make the more you contribute on both an absolute and percentage basis. It’s pretty simple stuff and you only pay more on the marginal rate so if you make $300k you are paying 3% more on that last $50k or $1500 per year. Wow, that’s such a drastic redistribution of wealth! And since you’re also probably fully funding your 401k and maybe some pretax insurance it’s not even that much.
Here’s how Adam Smith (who is known as the founder of free market economcis) described a progessive tax in Wealth of Nations:
The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
The phrase “redistribution of wealth” is yet another GOP talking point that gets the loon base all fired up, but it’s what we have all lived with in our lifetimes.
ParticipantJTP sounds like a lot of folks who complain about everything from taxes to social security to how big government is. At the same time they think they are patriotic because they support the war in Iraq, and they want to build fences around our borders and hire thousands to monitor them. How do you think our country pays for these things? The war is costing over a trillion dollars. Paying taxes IS patriotic. It’s the guys like Joe who apparently doesn’t pay his taxes that are not patriotic. It’s the guys like Joe who apparently didn’t get his plumber’s apprenticeship license who is unpatriotic. That’s breaking the law.
Joe says Social Security is a joke. I’d like to see Joe ask the millions of seniors who depend on SS to barely get by if they think it’s a joke.
Just because some loon on Fox says something doesn’t make it right. It’s scary how many other Joe types are out there. Joe hears that Obama will raise taxes because talk radio says so and doesn’t bother to check for himself that he would actually get a tax cut under Obama. That woman the other day at a McCain rally says that Obama is an “arab” probably because her neighbor got an email saying so. I guess you can just say whatever you want and there are enough idiots out there that will believe anything. My father in law said Obama was born in Hawaii before it was a state so he’s inelgible to be President. The only problem of course is that Hawaii became a state in 1959 and Obama was born in 1961. It’s ridiculous.
ParticipantJTP sounds like a lot of folks who complain about everything from taxes to social security to how big government is. At the same time they think they are patriotic because they support the war in Iraq, and they want to build fences around our borders and hire thousands to monitor them. How do you think our country pays for these things? The war is costing over a trillion dollars. Paying taxes IS patriotic. It’s the guys like Joe who apparently doesn’t pay his taxes that are not patriotic. It’s the guys like Joe who apparently didn’t get his plumber’s apprenticeship license who is unpatriotic. That’s breaking the law.
Joe says Social Security is a joke. I’d like to see Joe ask the millions of seniors who depend on SS to barely get by if they think it’s a joke.
Just because some loon on Fox says something doesn’t make it right. It’s scary how many other Joe types are out there. Joe hears that Obama will raise taxes because talk radio says so and doesn’t bother to check for himself that he would actually get a tax cut under Obama. That woman the other day at a McCain rally says that Obama is an “arab” probably because her neighbor got an email saying so. I guess you can just say whatever you want and there are enough idiots out there that will believe anything. My father in law said Obama was born in Hawaii before it was a state so he’s inelgible to be President. The only problem of course is that Hawaii became a state in 1959 and Obama was born in 1961. It’s ridiculous.
ParticipantJTP sounds like a lot of folks who complain about everything from taxes to social security to how big government is. At the same time they think they are patriotic because they support the war in Iraq, and they want to build fences around our borders and hire thousands to monitor them. How do you think our country pays for these things? The war is costing over a trillion dollars. Paying taxes IS patriotic. It’s the guys like Joe who apparently doesn’t pay his taxes that are not patriotic. It’s the guys like Joe who apparently didn’t get his plumber’s apprenticeship license who is unpatriotic. That’s breaking the law.
Joe says Social Security is a joke. I’d like to see Joe ask the millions of seniors who depend on SS to barely get by if they think it’s a joke.
Just because some loon on Fox says something doesn’t make it right. It’s scary how many other Joe types are out there. Joe hears that Obama will raise taxes because talk radio says so and doesn’t bother to check for himself that he would actually get a tax cut under Obama. That woman the other day at a McCain rally says that Obama is an “arab” probably because her neighbor got an email saying so. I guess you can just say whatever you want and there are enough idiots out there that will believe anything. My father in law said Obama was born in Hawaii before it was a state so he’s inelgible to be President. The only problem of course is that Hawaii became a state in 1959 and Obama was born in 1961. It’s ridiculous.
ParticipantJTP sounds like a lot of folks who complain about everything from taxes to social security to how big government is. At the same time they think they are patriotic because they support the war in Iraq, and they want to build fences around our borders and hire thousands to monitor them. How do you think our country pays for these things? The war is costing over a trillion dollars. Paying taxes IS patriotic. It’s the guys like Joe who apparently doesn’t pay his taxes that are not patriotic. It’s the guys like Joe who apparently didn’t get his plumber’s apprenticeship license who is unpatriotic. That’s breaking the law.
Joe says Social Security is a joke. I’d like to see Joe ask the millions of seniors who depend on SS to barely get by if they think it’s a joke.
Just because some loon on Fox says something doesn’t make it right. It’s scary how many other Joe types are out there. Joe hears that Obama will raise taxes because talk radio says so and doesn’t bother to check for himself that he would actually get a tax cut under Obama. That woman the other day at a McCain rally says that Obama is an “arab” probably because her neighbor got an email saying so. I guess you can just say whatever you want and there are enough idiots out there that will believe anything. My father in law said Obama was born in Hawaii before it was a state so he’s inelgible to be President. The only problem of course is that Hawaii became a state in 1959 and Obama was born in 1961. It’s ridiculous.
ParticipantJTP sounds like a lot of folks who complain about everything from taxes to social security to how big government is. At the same time they think they are patriotic because they support the war in Iraq, and they want to build fences around our borders and hire thousands to monitor them. How do you think our country pays for these things? The war is costing over a trillion dollars. Paying taxes IS patriotic. It’s the guys like Joe who apparently doesn’t pay his taxes that are not patriotic. It’s the guys like Joe who apparently didn’t get his plumber’s apprenticeship license who is unpatriotic. That’s breaking the law.
Joe says Social Security is a joke. I’d like to see Joe ask the millions of seniors who depend on SS to barely get by if they think it’s a joke.
Just because some loon on Fox says something doesn’t make it right. It’s scary how many other Joe types are out there. Joe hears that Obama will raise taxes because talk radio says so and doesn’t bother to check for himself that he would actually get a tax cut under Obama. That woman the other day at a McCain rally says that Obama is an “arab” probably because her neighbor got an email saying so. I guess you can just say whatever you want and there are enough idiots out there that will believe anything. My father in law said Obama was born in Hawaii before it was a state so he’s inelgible to be President. The only problem of course is that Hawaii became a state in 1959 and Obama was born in 1961. It’s ridiculous.
ParticipantOversight for Fannie and Freddie falls on OFHEO headed by Bush appointee James Lockhart. His backgound includes heading a risk management software firm that sold its products to banks, insurance companies, S&L’s, etc. You know, all the folks that are now needing to get bailed out. He also worked in the oil business. One big, happy family that W put together.
When you hear the phrase “deer in the headlights” you only need to watch a replay of Bush last night to understand its meaning.
ParticipantOversight for Fannie and Freddie falls on OFHEO headed by Bush appointee James Lockhart. His backgound includes heading a risk management software firm that sold its products to banks, insurance companies, S&L’s, etc. You know, all the folks that are now needing to get bailed out. He also worked in the oil business. One big, happy family that W put together.
When you hear the phrase “deer in the headlights” you only need to watch a replay of Bush last night to understand its meaning.
ParticipantOversight for Fannie and Freddie falls on OFHEO headed by Bush appointee James Lockhart. His backgound includes heading a risk management software firm that sold its products to banks, insurance companies, S&L’s, etc. You know, all the folks that are now needing to get bailed out. He also worked in the oil business. One big, happy family that W put together.
When you hear the phrase “deer in the headlights” you only need to watch a replay of Bush last night to understand its meaning.
ParticipantOversight for Fannie and Freddie falls on OFHEO headed by Bush appointee James Lockhart. His backgound includes heading a risk management software firm that sold its products to banks, insurance companies, S&L’s, etc. You know, all the folks that are now needing to get bailed out. He also worked in the oil business. One big, happy family that W put together.
When you hear the phrase “deer in the headlights” you only need to watch a replay of Bush last night to understand its meaning.
ParticipantOversight for Fannie and Freddie falls on OFHEO headed by Bush appointee James Lockhart. His backgound includes heading a risk management software firm that sold its products to banks, insurance companies, S&L’s, etc. You know, all the folks that are now needing to get bailed out. He also worked in the oil business. One big, happy family that W put together.
When you hear the phrase “deer in the headlights” you only need to watch a replay of Bush last night to understand its meaning.
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