Even if we taxed the top 1% earners in this country 100% of their pay, it would only come out to about 80 billion dollars. They already pay 95% of the taxes. Not to mention, there would be even less jobs here than there are now.

The liberal tactic of class warfare doesn't work.

 

Leadership is the key word here. What is lacking in Washington is leadership. We have several people who hold a title of leader, finding one is a different story. There is alot of Kobe Bryant jerseys around L.A. but only one Kobe.

Jack, I think if you look at what the Tea Party is trying to do, it is to weed out the dead wood, those who are "elected" to a career. Keep in mind that the Tea Party is not a political party in the true sense, but more of a way of thinking. Just like the original Tea Party they stand for "we have had enough", and hold all of the business as usual polititions feet to the fire regardless of party affiliation. It only seems like they are trying to nail the Dems because there are more of them that are off the reservation.

As far as reaching across the isle is concerned, if our elected officials are putting more emphasis on getting along than doing their job, then they should be booted out. If every one is getting along then that is agreement and not leadership.

But that's just my $0.02

 

Good post.

To me, elections are like Chocolates. You never know what you're going to get. They look good on the cover but when you actually bite into one, it's boring and makes my teeth hurt and my stomach queezy. Obama got elected, hopes were high and now we all need Nembutal to be sold in unlimited amounts over the counter and at bargain prices.

Besides, most of the electorate is unqualified to vote. Most of the electorate is like giving 2 year olds loaded pistols with hair triggers and let loose in the Day Care Center.

At least the (Tea Party) Republicans these days are clearly deranged and I give them credit for that. The democrats are the real enigma. If they are deranged, I cannot tell because there message is directed to me and that's how they will lure me to vote for them.

I cannot consider the Republicians because here is some of what I think about them.
They love war and I hate war.
They hate the poor and I care about the poor.
They think banks should not be regulated and I think they should.
Their religion interferes with their governing and I think that is wrong.

How can you change my mind?
I guess you could beat me with an inch of death all day long untill I give in.
I guess you could pay me a billion dollars and maybe Ill give in.
Maybe I would not even give in for all of that. Maybe I am a real American.

 

That's where I stopped reading your post. Jim Jones, now there was a leader or David Karesh. Hey even Adolph Hitler was a powerful leader. I despise all of the above.

Who in this life do you follow? Who are the leaders in your life?

I hope for all of mankind’s sake that you are not one of those that follows their pea brained preacher who knows nothing but hate.

I keep having this weird thought in the back of my mind that the government is secretly run by the retarded churches in this nation. As backward as the churches are, is as backwards as our leadership will be.

 

This is very true, the 'family' had spent more than they made, or lost the dual in dual income. given it could be not from an extravagant life style but needing the dual income to live at their means.
The govt has both, spending more than they made, and lost the additional income, but nothing has been adjusted. The family example, the dual income is gone, and they buy a vacation home is what is happening with our govt.

Either the tax is on business or on the population, and when it comes down to it, taxing a business is going to be passed onto the population, they are not going to eat the additional tax.

SMB segment is not going to grow unless the tax burden is eased.
This is a segment that has a difficult time passing the taxes onto the population, they do not have a million customers to spread it over.

Instead of trying to increase taxes ( at the same time as supplying funding to the same companies to try to spur growth ), why not stop the China method of pushing growth, and just leave it be.
This is the cut spending only route, but what good does it do to increase taxes on a company, and then hand the money ( and them some ) right back to them in hopes of pushing growth ?

Where is the bulk of discretionary spending at ?
Upper Middle class and above. All the caste system BS is put aside, this is just cold hard facts, the bulk of discretionary spending is those that make the most.
If this group has an additional tax placed on them, the best one could hope for is the spending remains unchanged ( they spend the same amount, it just goes to fewer places ).
This group actually has a knee jerk reaction to increased overhead, and contract their spending when this happens ( the uncertainty line, and better make sure the cash reserves are shored up even more ).
This will put less money in the pockets of the SMB group, possibly causing them to cut staff, have less money spent to suppliers, etc ( ripple effect ).
I know a few SMB owners, 1 is a restaurant that has gone to 6 days per week operational status due to lowered spending. The decreases in spending happened about the time the debt talks continued to go nowhere ( knee jerk reaction ). This is going on in the SMB area around here a lot.
I can only image what would happen to them if their clients had an additional tax placed on them.

 

Sure, if you only count the money the federal government has already spent to date.

However, the unfunded obligations like Social Security and Medicare massively exceed our current debt of $14.6+ Trillion.

Unfunded liabilities are about $115+- Trillion.

Oh, and don't forget the debt and obligations of the states and local governments, as well.

The problem is much much worse than 'only' having a national debt of 100% of GDP.

Oh, and let's not forget that GDP includes government spending (currently about 20% of GDP). http://www.infoplease.com/cig/econom...overnment.html

Just for grins, add the state obligations and the unfunded liabilities to your debt estimate. Then remove government spending from your GDP cacluations. The result will show that us taxpapers are on the hook for at least 20 times our annual income, or 2000+%. That's the reality of it.

Don't believe me? According to www.usdebtclock.org The debt and federal governments unfunded liabilities are well over $1 million per taxpayer, on average. If your kids and grandkids aspire to earn more than average, their share is much greater.


It is not a pretty picture.

 

Whatdya mean unfunded? I've been paying into it for ~45 years. I think I'll just click on the "opt out" button and SSA can send me a refund.

 

Actually you might be safe, I am expecting the opt-out letter from them in another 20 years, but without the refund. Sorry you saved too much on your own.....

 

You are my leader, I worship you and your every word.

 

In 1999, government workers were given the chance to opt out, and about 5 million of them did (the smart ones).

As a private sector person, I was not given the choice, or I would have, too.

 

Oh my, I just threw up in my mouth a little.

I'm a horrible person, you don't want to give me too much credit or give any of my words any weight.

That would be bad.

 

Frank, I just have to shake my head at the way you see things. Put simply, labor is cheap in the "developing world". If a company does not have to pay someone minimum wage, retirement, medical care, costs for liability insurance and so on, the profits go up. So what if you have to bribe a few officials in China to set up your plant? You still come out ahead when the poor schmuck actually fabricating your goods makes about $30.00 a month and is happy for it (because that's a "living wage" there).

And, of course there is no greed in the private sector. I guess Bernie Madoff was framed. I suppose Enron was unfairly targeted. I imagine poor old BP didn't cut any corners at all in their drilling operations. Oh, and the commuter airlines that force their pilots to fly long past any safe crew duty day? Private corporations running jails now that lobby for stiffer jail terms to fill the beds? Nope, no greed at all. I'm sure there are many other examples of altruism in the private sector, but I'll leave it to you to find them. These were simply the ones that came quickly to mind.

However, I agree with your last comment. The amount of money the Obama campaign expects to raise is obscene. But of course the money raised for ALL the candidates is obscene. Why not just funnel all that into paying off our national debt? Or, use it to give people meaningful jobs?

Thanks for helping me to make my point.

- Jack

 

I think there should be a 50% flat tax on all political contributions.

 

Now that's an idea!

- Jack

 

Jack, you really need to do some research as to WHY and HOW companies have shifted production to foreign countries. The greed starts in D.C. That's all I'm going to say.