here is some recommended reading from us budget watch:

primary numbers: the gop candidates and the national debt

hint: i kind of support ron pauls view on things
maaaaaybe a good idea to freeze and cut some spending? or we could implement the chuddo 95/92 plan and balance the budget tomorrow. but my opponents will call it arbitrary!

.

Tell me then what my point was.

I dont get more bang for my buck.

Right now I pay TWICE into social security (which most assuredly wont be there when Im of that age or Ill be deemed too "rich" to claim it). Thankfully its capped (for now), but Im sure the cap will be raised and/or lifted. Never mind the medicare which will be another problem altogether. There's a bunch of other things I can mention here but I dont have all night.

You talk like you know whats going on out there in the real world. Unreal.

Last post of the night, Im done amusing myself. GN all.

Currently in the U.S. has a regressive tax system. Its pretty easy to prove this if needed. Percentage-wise the upper class pays LESS then the middle class but they both pay MORE then the lower class. The reason for this is simple, the rich are in a position to take advantage of more loopholes then the middle and lower class are. They can move their money around, higher multiple accountants, take advantage of corporate tax rates, etc. I will bunch all of these in my definition of "loopholes".

A regressive tax system will allow the upper class to make more money faster then the middle and lower class on percentage of wealth basis. How can I make this claim? Really all you have to do is look at the U.S. since the 1980's. The sheer number of loopholes have gone up drastically and the percentage of wealth owned by the upper class has gone up drastically. That doesn't imply causation by itself but I think its fairly obvious that the two are related.

My last point, which is really a little aside, is that not all people in a tax bracket pay taxes equally. This again is due to loopholes. There might be someone who is getting boned in the ass with a full 35% tax rate while Warren Buffet or Mitt Romney pay closer to 20%.

This leads to the conclusion that its not the individual percentages that are **** here its that loopholes allow;
A. The Upper Class to pay less taxes then the Middle Class
B. Individuals in the Upper Class bracket pay different rates then each other


This is the part that seems wacky to me and the part that needs to be fixed. I would eliminate all loopholes and bring the corporate tax rates to match the individual tax rates (as well as treat corporate income as a business expense instead of taxing it double).

he always leaves when he starts getting proven wrong then comes back like a week later. Mike you totally get more bang for your buck.

Take the number 1 expenditure that you pay into. Defense Spending by a wide margin!

You simply have more **** to defend then people who pay less taxes then you. Therefore you are benefitting more from this country not getting wiped. I woudl say A LOT MORE.

i dunno kowboys,

if someone is single and alone but rich and spends heaps of their money on a baller house and 7 ferrari's, and has 800k sitting in the bank and poor health

and someone is pretty poor but has 5 kids, 8 grandkids, and lots of friends and a pretty happy content, healthy lifestyle...

i would contend that the 2nd person is benefitting much more from this country not getting wiped. i would say A LOT MORE.

Not sure if you are serious.

i am

go on

There are really just two ways to take that. I could either say that a person isn't something you can own therefore you can't really lose it as it pertains to the discussion. Or the much more safe way which I will use.

I just amend my statement to say on average rich people gain A LOT MORE from defense spending then poor people do.

Yes, I understand. Inflation punishes the savers.

Eff the haters. obama forever.

I don't understand, if having a large family is supposedly objectively wonderful, why hasn't Bill Gates popped out like 50 kids?

Doesn't he know where happiness comes from - large families?

Obama FTW!

My parents live in my basement.

clearly you are your own grandpa

The Republicans are f****ed. They'll put Romney up who will get ROFLstomped by Obama. We'll have another story on how the Republican psycho base isn't pleased, socialism, government taking over everything etc and in 4 years finally they might get their chance to rule.

I do like how you think the president "rules" the country. I'm not saying it isn't true, but I think it is a sad state of affairs that has our founding fathers turning in their graves.

huh?

This is hilarious coming from you.

The President doesn't get the scepter and orb?

Nope, he gets a robe and wizard hat.

If they dont get destroyed in 2014 i can see them getting crushed in 2016 and 2020 too.

2016 as they leap to the right cos its time to stop putting up moderates like McCain and Romney who lose.
2020 for the obvious incumbent advantage of whoever the Dems put up in 16.

This is especially true if they keep doubling down on how poor latinos are the problem and the only answer to every problem is a tax cut.

I predict the Republican party will change before all that happens. Probably become a bit more socially liberal and pro freedom than they are now. I'll refer to them as the "Get off our lawn" Republicans, very anti government and very pro people. Maybe I'm too hopeful though.

Came to say this....