Sen. Bernie Sanders - The War Against Working Families

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@ Orwell

You actually proved mine.

We are talking about a tax hike, not cutting taxes. Anyways at what point is taxing the rich become too much 50%? 60%? 70%? 100%? The rate we are spending courtesy of Pelosi, Reid, and Obama can't be paid for even if we were taxing everyone making over $200,000 for 100% of their income. We have a spending problem, not a revenue problem.

And banks used to (not sure if they can now after Obama's financial reform), invest that money and/or use it to provide loans for small businesses.



Some of them can just get their own private island somewhere and say screw the rest of the world.


Are you referring to small business owners or people like Bill Gates? Small Business Owners do pay taxes and in fact are hit with taxes twice.



Why would a poor person be able to buy a brand new sports car? At best they could buy a used car that isn't always breaking down, which does not support manufacturing jobs.



Then stop sounding like one.

Also btw, I've already proved the government caused the Housing Bubble. Google Community Reinvestment Act. Also I don't want to have to go searching for the campaign ad that gave all the google keywords to search for so you could find the things yourself, cause maybe you'd believe it if you found it for yourself. Rather than automatically dismissing stuff just cause I found it.

Right wingers have this crazy idea that people will eschew money-making opportunities because they're fretting over the tax code. That people can frequently choose to make more or less money and choose to make less because of that tax code again. This is not reality at all. This is total nonsense.

If they are being taxed to the point that they are actually losing money when they try to make more money, why would they even bother? Taxes are before other expenses are factored into it.

Left wingers have the paranoid idea that all rich people are evil.

Corporate profits are at their highest levels ever and they're sitting on record amounts of money. So they're not losing money. There are no situations arising when Company X makes another $1 million and have to pay $5 million in tax as a result of that. When they make more money they always make more money, they aren't taxed more than they make.

Last edited by xenon13 on 06 Dec 2010, 2:31 pm, edited 1 time in total.

There is just so much stupid in those last few posts of yours that I don't even know where to begin.

I'm gonna go try and teach upper-level maths to a brick wall. That will probably be more successful than explaining basic econ to you.

There are serious people, even a Reagan person, who say that a one-time 15% wealth tax for the plutocracy is the answer. Such would half the national debt of the United States. The problem right now is that the rich has too much. That's where the money is, and that's where the answer lies, and the system over the last 30 years has been out of sync and has funnelled increasing amounts to them when they've done nothing to deserve this when compared with before. It's a systemic problem.

Straw Man. Don't insult my intelligence. Restrain from logical fallacies or I won't address you at all.


Because people are spending mostly on cheap crap produced in other countries. The profits of large multi-nationals going up doesn't signal anything for jobs here in the US. Productivity has gone up because people who still have jobs are being forced to work harder and longer hours. It's an employers market since they know employees are SOL in this economy if they get fired.

@ xenon13, marshall, & Orwell

Stop insulting my intelligence, I was in Purdue's Aerospace Engineering Program for 3 years til I changed majors. Implying I somehow can't even apply addition and subtraction is highly insulting.

Watch this if I remember correctly it is a campaign ad, but it has some things you can look up in GOOGLE.
http://www.youtube.com/watch?v=EzWrnUezDOU

It is not class warfare or socialism. US had more equalty in the 40s up to the 80s when the growth rate of the economy was higher. That was the period of the formation of middle class America. Only in the 80s with the "trickle down" economics and Reagan dismanteling the public programs that helped the poor that inequality took a hike. Between 1979 and 2005 the real income of the median household rose only 13 percent, but the income of the richest 0.1% of Americans rose 296 percent. (source: http://economistsview.typepad.com/econo ... an-in.html ). Two-thirds of the nation’s total income gains from 2002 to 2007 flowed to the top 1 percent of U.S. households ( http://www.cbpp.org/cms/index.cfm?fa=view&id=2908 ). And the rich still want more tax breaks and less taxes.


Share of national income of the top 10% excluding capital gains



Source: http://elsa.berkeley.edu/~saez/TabFig2005prel.xls

That's NOT including capital gains??

You left out other factors such as new markets being extended to other countries. Of course rich people are going to have more and more income when they suddenly have new markets opened up to them.

Also during the 90s we had the .com bubble.

If you factor in capital gains and other wealth the top 10% of the US population owns more than 80% of the national wealth.

Your reasoning is consistently abysmal, and you have shown a complete inability to comprehend opposing arguments, much less address them. Going partway through an engineering degree doesn't say anything about a person's critical thinking skills.

I made the mistake of taking 2 different math classes at the same time as well as not having summer vacations. I really hate Linear Algebra and Differential Equations. Calculus was actually easy. As to critical thinking I had to take a class involving it Freshman Year.

Anyways back to topic:
http://www.foxnews.com/politics/2010/12 ... -tax-cuts/

Looks like there tax rates are going to remain the same and not increase for anyone.

You mean globalization and multi-nationals taking advantage of third world sweat shops? The crisis we are in now is a result of the chickens of globalization finally coming home to roost. The dot-com bubble in the 90s and then the housing bubble in the 00s were simply cushioning our economy from the full brunt of what has happened.

Last edited by marshall on 06 Dec 2010, 8:17 pm, edited 1 time in total.

One doesn't have to be "stupid" to fall victim to confirmation bias.