Budget talks: This is getting nasty

Watching what has gone on in Washington the past month, I've come to the realization that the common man needs to rise up against the greedy oligarchs and plutocrats running our country. If not its only going to get worse.

 

At least in the U.K., health care is paid for out of a separate tax contribution, much like FICA. Also like FICA, it tapers off at higher income levels.

 

That won't change till campaign finance law favors the candidate with the most supporters, instead of the candidate with the most wealthy supporters.

 

I think the whole "everybody should pay some tax" thing is a bit overblown, because almost everyone does pay some tax. On the other hand, the taxes that are at the forefront of this debate are: 1) income taxes; 2) corporate taxes; and 3) capital gains taxes. These are the taxes that seem to be the most popular targets for increases. And these taxes, it should be emphasized, are paid by only a very small proportion of the tax-paying population.

 

In absolute dollar terms.

As a percentage of their income, it's still much less than I pay.

 

"1/100th of 1 percenters of the world unite! You have nothing to lose but the lease on your ex-wife's G5 taken as a loss against dividend earnings!"

http://motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph

 

You could tax all of their income, and it wouldn't close the budget deficit.

They'll use anti-"billionaire" rhetoric to gin up support for taxing the "rich".

But, once they get "permission" for tax increases, they're coming after you & me. And, last I checked, I don't have a G5 -- just a beat up 11-yer-old Oldsmobile Alero.

And, they'll spend every dollar we send them.

 

If you took the over when Print started this thread, you already got paid a long time ago.

 

Only solution is printing money if we want services, but don't want to be taxed for them.

 

Being in your own business, you should really lease a new car and take advantage of a nice big tax deduction courtesy of the poor.

In the words of Frank Costello-- "no one gives it to you, you have to take it."

 

But, what happens when the car gets beat up? I abuse my car pretty good.

I'm nearly at that point. I won't put any new money into it, but right now, I don't give a shit if it gets a new ding.

If I get a ding on a new car, I'm going to be pissed, and I'll have to fix it.