Skip to comments.Freep a Poll! ("Modest" tax increase on rich to avoid fiscal cliff?)
Posted on 11/15/2012 4:18:29 PM PST by dynachrome
Do you believe "a modest tax increase" on the rich is the best way to avoid a 'fiscal cliff'?
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The premise of the question is flawed. Any increase will not stop the trip off the cliff. it might delay the fall a few minutes.
more taxes is definitely not the answer
I feel dirty going to that site, lol
“We dont need new taxes. We need new taxpayers” ... Marco Rubio
Yeah, let’s tax the rich yell all those people making less than $200k per year - until that tax doesn;t do anything to shrink the debt and the limit is lowered to $100k - and on and on - roundtable of CEO’s on Bloomberg last night included a guy who had been a member of the Simpson-Bowles commission, who said that had run some what-ifs that showed they’d have to tax people down to about $30k per year to start getting significant revenue for the government - now that’s “rich”......
yes, a tax increase might delay the fall.. just about as long as Wily E. Coyote stays hanging in the air before he plunges into the canyon
100 Votes, or 24.03 %
316 Votes, or 75.96 %
The gov’t clearly feels it can spend these rich folks money better than they can.
Stop spending! Stop spending! There is not enough money in the world for the debt.
Put that through an Obama voting machine and it come out:
1,028 votes - Yes
7 ....votes - No
On Jan 1 the lowest bracket goes from 10 to 15%
When the Bush tax cuts “for the rich” expire
So.. maybe the GOP should let them expire? lol
so this modest tax increase would have to bring in what 250 - 300 billion a month ?
Like I keep saying, I vote to let ALL of Bush’s tax cuts expire.
...after all, only the very rich will be affected (or, at least, that’s what the Democrats say and the public believes).
Also, I think it’s ABOUT TIME that we start PAYING for all of the government goodies we DEMAND. I’ve had way too many arguments with old timers here demanding that we keep paying their welfare (they call it Social Security, LOL). It they want it THAT BAD, then we need to tax ourselves enough to pay for it.
You are 100% correct. I have come to the conclusion (especially since election day) that a ‘fiscal cliff’ in one form or another is inevitable. His tax on the rich will (at best) garner $160 billion on a deficit of $1.1 trillion. But here’s the thing. Spending is likely to be higher than expected and new revenue, lower than expected. Obama’s tax increase will be little more than a rounding error. The Fed now buy 70% of new debt. If they didn’t, they would have to raise interest rates to attract buyers. All is lost. The government is printing money to loan to the government. And you know what? The Congress that created the fiscal cliff can also postpone it. Kicking the can down the road is the national pasttime in Washington. No, financial Armageddon is inevitable, especially with the boy-genius in the White House.
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