Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Why Taxing the Rich Does Not Work
Real Clear Markets ^ | 08/09/2011 | Louis Woodhill

Posted on 08/09/2011 8:12:31 AM PDT by SeekAndFind

click here to read article


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 101-102 next last

1 posted on 08/09/2011 8:12:37 AM PDT by SeekAndFind
[ Post Reply | Private Reply | View Replies]

To: SeekAndFind

Doesn’t work as an economic strategy.

Works great as a political strategy.


2 posted on 08/09/2011 8:13:39 AM PDT by Steely Tom (Obama goes on long after the thrill of Obama is gone)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Works great as a Marxist strategy


3 posted on 08/09/2011 8:18:04 AM PDT by mosaicwolf (Strength and Honor)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind
What libs think the "rich" do with their money: scrooge mcduck Pictures, Images and Photos
4 posted on 08/09/2011 8:19:07 AM PDT by ConjunctionJunction
[ Post Reply | Private Reply | To 1 | View Replies]

To: Steely Tom

I think we need to be honest with ourselves. Taxing “the rich” doesn’t seem to work but trickle down economics doesn’t completely work either. It has been tried over and over and it always has the same results. If trickle down worked we would have seen close to zero unemployment under Bush. With the tax cuts and the deregulation put into place we should have seen an influx of jobs. Taxing the crap out of the rich doesn’t work either. It sure as hell doesn’t create jobs. I honestly think we need a happy medium somehow. I think “the rich should have a minimal tax increase. I also think the Government should cut spending in all of the pet projects on both sides. I think the Rats need to be willing to cut their Liberal Entitlement programs down. I honestly think unless we find a common ground nothign will change. I know this is controversal for some but our system is broken and needs to be fixed and neither side seems to want to budge. If we are ourselves aren’t willing to budge neither will the Dems and all we have is a pissing contest that is pissing away our fine country.


5 posted on 08/09/2011 8:28:14 AM PDT by GreenvillePatriot
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind
Dear GOP,

Oh, just go ahead and tax the rich.
Eat them, even.
Give Barky the heads of America's hedge fund traders and CEOs and Hollywood moguls on silver platters. Do away with the charitable deduction loophole. Eliminate the mortgage tax deduction, drive more middle class into bankruptcy with thousands of extra in taxes, and kill the nearly dead housing industry- many real estate moguls are democrat donors anyway.

Let the rich fly coach.

Removes’”tax the rich” and “fair share” and
“shared sacrifice” as a campaign issue

Puts the economy deeper into the crapper

But there is more pain necessary to further demonstrate the bankruptcy of obama’s ideology and his lack of intellectual leadership. It will also remove a certain number of high rolling donors from the kool aid drinking progressive-causes rank and file

6 posted on 08/09/2011 8:28:42 AM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ConjunctionJunction

Strangely enough, because of the uncertainty generated by Obama’s policies, many companies are sitting on cash, rather than risking horrendous taxation and hyper-regulation on anything they would do with that money (like hire people, invest in new equipment/facilities, etc.)...


7 posted on 08/09/2011 8:28:56 AM PDT by null and void (Day 929. When your only tools are a Hammer & Sickle, everything looks like a Capitalist...)
[ Post Reply | Private Reply | To 4 | View Replies]

To: GreenvillePatriot

You owe me $1,000,000.


8 posted on 08/09/2011 8:37:16 AM PDT by Mr.Unique (The last thing I want to do is hurt you. But it's still on the list.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: SeekAndFind
Tax the rich? If you doubled everyone's income taxes there would still be a deficit.


9 posted on 08/09/2011 8:40:24 AM PDT by csmusaret (The only borders Obama has closed is a bookstore.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Mr.Unique

Pardon?


10 posted on 08/09/2011 8:40:30 AM PDT by GreenvillePatriot
[ Post Reply | Private Reply | To 8 | View Replies]

To: Steely Tom

Correct. It has never been meant as an economic strategy. It makes “the poor” feel better.


11 posted on 08/09/2011 8:42:33 AM PDT by KCengineer ( Speaking the TRUTH)
[ Post Reply | Private Reply | To 2 | View Replies]

To: GreenvillePatriot

You owe me $1,000,000. How would yo like to pay?


12 posted on 08/09/2011 8:43:09 AM PDT by Mr.Unique (The last thing I want to do is hurt you. But it's still on the list.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: SeekAndFind

The Fund Raiser-In-Chief has no idea how to raise revenues.

Will someone explain to him the difference between his fat cat contributors and hard working citizens?

Between greasing his palm and growing an economy?


13 posted on 08/09/2011 8:44:26 AM PDT by sodpoodle (Despair; man's surrender. Laughter; God's redemption.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GreenvillePatriot

“but trickle down economics doesn’t completely work either”

You assume that the government can and should order everybody’s life. Freedom will not produce a perfect world just the best possible world. There will always be people who in your infinite wisdom don’t have as much as you think they should. You say that if “trickle down” (leftist speak for free or freer economies), we would have had close to zero unemployment under Bush. The size and scope of government and its spending went up under Bush. Prosperity is inversely proportional to government’s share of the economy.
Government control of our lives and economy keeps expanding. No matter who is in control. Consider that there are NO (zero, nada) spending cuts in the budget/debt deal. All lies and fraud.
Benjamin Franklin was right. “I observed that the more public provisions were made for the poor, the less they provided for themselves. And, on the contrary, the less was done for them, the more they did for themselves.”


14 posted on 08/09/2011 8:44:41 AM PDT by all the best
[ Post Reply | Private Reply | To 5 | View Replies]

To: Steely Tom

It doesn’t work because Congress is full of rich people who need rich people to help them get re-elected so they grant them tax breaks.

“Tax the wealthiest Americans” is code for “tax the middle class”


15 posted on 08/09/2011 8:44:59 AM PDT by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: SeekAndFind

Let me make it simple. ONE: Thou shall not covet other people’s wealth. Two: Thou shall not steal.
All the rest is extraneous.


16 posted on 08/09/2011 8:50:45 AM PDT by all the best
[ Post Reply | Private Reply | To 1 | View Replies]

To: GreenvillePatriot

The only thing the government should be doing in regards to the “wealth” issue is preaching personal accountability. It’s not up to the government to create wealth for individuals through taxing the rich, or trickle down, or whatever. Freedom to choose is the only thing necessary.

That’s one of the founding principles of this country & we need to get back to it. As the ole saying goes “for every person that climbs the ladder of success, there are twelve waiting for the elevator”. What we need more than anything are leaders that teach the importance of the ladder, not the elevator, & the importance of climbing that ladder personally, not having someone climb it for you.

This should be the only role of the government in this regard. Period.


17 posted on 08/09/2011 8:53:36 AM PDT by Confab
[ Post Reply | Private Reply | To 5 | View Replies]

To: all the best

To be a socialist/democRat,

you simply have to try to justify coveting and theft.

And they do - “we” vote on it, so it’s OK to covet and steal from others, if you have a majority vote.


18 posted on 08/09/2011 8:54:51 AM PDT by MrB (The difference between a Humanist and a Satanist - the latter knows whom he's working for)
[ Post Reply | Private Reply | To 16 | View Replies]

To: all the best

How about instead of telling me what I “assume” you tell me what you think should be done? Our country is in a pickle and that needs to change. If we can’t be rational thinkers and try to come up with a plan we are destined for failure. I agree that the debt deal does nothing, zero, nada to answer to this countries economical problems. It’s a friggen dog and pony show. Nobody wants to piss off their base because they are worried more about their jobs than this country.


19 posted on 08/09/2011 8:58:49 AM PDT by GreenvillePatriot
[ Post Reply | Private Reply | To 14 | View Replies]

To: MrB

We could straighten this mess out right quick if Christians would see that majority rule does not overturn God’s commands. Covetousness and theft by majority vote is no better than by an individual.


20 posted on 08/09/2011 8:59:41 AM PDT by all the best
[ Post Reply | Private Reply | To 18 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-80 ... 101-102 next last

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.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson