To Grow Our Prosperity, Let My Tax Cuts Expire (TURN BACK THE CLOCK ALERT)

Southtown Star (Chicago) ^ | 10/24/10 | PETER HEEGAARD

[piytar]

“We might indeed have to pay higher taxes to reduce our debt. The problem is paying ever higher taxes to fund ever higher government spending.”

100% wrong. At our current tax rates for the higher brackets, increases in taxes depress the economy more than the increases confiscate wealth. IOW, higher top marginal rates will result in LESS revenues, not more. See JFK and Reagan for counter-examples. See Carter for an example.

[boop]

Also Pete doesn’t mention that NOBODY, even the poorest Americans would tolerate living in 1960 conditions for more than about 3 days. No HDTV, no computers, no internet, microwave ovens, 1000sf houses for entire families,cable TV, cell phones, dvds, Cds, grocery stores that had 1/5 th of the items they have now, polio, 1960 level medical care, etc. I mean yes there were nice things about 1960 life, but I still wouldn’t want to live like that.

[kromike]

Sir, if you think you are not paying enough taxes, there is a simple solution that won't hurt anybody. All you have to do is sit down, pull out your checkbook, and write a check payable to the Treasury of the United States for whatever taxes you think you should be paying. They will cheerfully accept it and cash it.

I'll call that good idea & raise it with an even better one:

Let this self-righteous dipstick arrange it so that his entire "stash" of assets is turned over to the Gubmint. Also, all future paychecks, 401k distributions, winnings at Vegas, etc. are automatically deposited straight to the Treasury. And let some faceless pinhead bureaucrat in an underground bunker somewhere in D.C. decide how much of a weekly allowance Mr. Heegaard is entitled to. And the same goes for any Hollywood big mouth who spews that same nonsense.

Not paying enough? Fine. YOU nitwits put your faith in Gubmint and stop volunteering my health, wealth & happiness to make you feeeeeeeeeeeeeeeeeeeeeeeel better.

[!1776!]

I've had a lifelong interest in the vital role of social entrepreneurs, the local heroes who take risks to lead innovative nonprofit organizations to solve problems at the local level.

Great, now try a for profit enterprise. Nonprofit usually means that the profits are distributed quarterly to at least the executive staff - thereto no profit at the business level.

For profit enterprises actually reinvest some of their money into the economy.

Nonprofit typically means no profits for the economy, plain and simple.

Sounds noble at face value, but in reality - it's just a group of people that found a way to sucker money from people and not have to make a damn thing of real intrinsic value in return...

[silverleaf]

Like, if we get Clinton’s tax rates, we’ll have Clinton’s economy?

Just bring back Newt Gingrich and the GOP contract with America, too

and go back to funding the govt at the Cinton budget level, too

sarc

[Kickass Conservative]

Remember when John Kerry chose to pay the lower Tax Rate on his MA Taxes?

Remember when John Kerry got caught not paying the MA Tax Rate on his Yacht?

Remember that Obama’s friends at Google moved their business off shore to avoid a $60 Billion Dollar Tax Liability?

Then there is Barney Frank and Maxine Waters and Charlie Rangle and on and on and on.

[WOSG]

We have racked up more than $13 trillion in national debt, thanks to borrowing to pay for two wars and a decade of tax cuts.”

You CANNOT “pay” for ‘tax cuts’ - tax cuts reduce revenue ... you rack up debt because you SPENT TOO MUCH.

We spent about $20 TRILLION in the past 8 years.