Skip to comments.this one is making its rounds on facebook lately
Posted on 10/09/2011 6:23:06 PM PDT by mamelukesabre
You’re gonna post crap from Stink Progress here?
I just want to see if fellow freepers have the same reaction to it i do. I might be missing a relative or two after this one.
I think if the context is examined, we would find that Reagan was right in what he was saying, while 0dumbo is totally wrong.
I’m not biting on an outside link without some information. “this one is making the rounds” isn’t much to go on.
the link says youtube. relax.
Can we have some context please?
All politicians are self-serving liars.
Sounds like the same exact rhetoric to me.
Get the context now, dimbulb?
We generally ignore link only thread starts here.
I don’t trust Thinkprogress.
But I do have a comment: “The leaves changing color are spectacular right now.”
None for now. You posted this.
I haven't head Obama talk about closing income tax loopholes, I have just heard him whine about capital gains being taxed at a lower rate then income. It is dumber than dumb to think about taxing investment (capital gains is tax on invest revenue) when the economy is this broken.
Here’s the full speech
I heard this earlier - Obama and his ilk are very skillful at twisting words to defend their cause - typical lawyer speak. (Remember the famous “it depends on what the meaning of “is” is” statement.)
The guy lies - plain and simple - he has no honor.
There’s been very little said by Repubs or Dems until now about doing away the lower rate for long-term capital gains, as that was enacted to encourage investment.
Now, everyone from Warren Buffet to Obama is coming out of the woodwork with statements supporting some vague “higher rates for rich people” and “rich people pay less than poor people” ideas.
These are not specific change recommendations, but empty rhetoric thrown around for political gain.
The conversation is so idiotic it’s not worth thinking about. The correct response is always: hey, Congress enacted all the tax laws. What effective rate winds up being paid by every private citizen - rich or poor - is a result of Congress’s tax code. Don’t blame the rich guy - blame Congress.
What America really has is a government spending problem, not a tax rules or rates problem. Because the government has allowed itself to borrow, it has borrowed WAY out - perhaps a hundred years or more - out in front of it’s tax revenue.
The tax issue is a smoke screen to distract from the government spending issue. Like if we somehow made the tax payments more “fair” the government would not be broker than green company after it’s startup funding runs out.
So this whole thing is just stirring up poo that will get no one anywhere. Because the far left is not going to do well in the next election because so many people in America own stuff and they know the far lefties will take it from them if they have their way.
America is not a class warfare place because we’ve had too many years and generations of people living in the land of opportunity.
The class-warfare dog just don’t hunt except amongst the “flaky few”.
Can we have some context please?
Of course the missing context is that with this same 1986 tax reform Reagan was talking about, he lowered the top nominal tax rate for individuals to 28 percent from 50 percent.
So closing some tax loopholes, while lowering taxes by an incredible amount. His tax reform was never meant to increases overall taxation on any group.
That makes him the exact opposite of Obama
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.