Watch the latest edition of Raw Politics.
WASHINGTON (CNN) - In the latest edition of Raw Politics, Barack Obama talks taxes, new polls are released on the Iraq war, and guess who's getting sued?
CNN's Tom Foreman reports the Raw Politics.
There is nothing noble about socialism or redistribution of wealth. It's theft plain and simple.
He wants to put a heavier tax burden on those of us that already pay the lion's share of taxes and have those who pay little pay even less! What's even worse is that it doesn't even take into consideration regional cost of living expenses. 200k a year in the Peoples Republic of Maryland isn't the same as 200k a year in a low cost of living state like Alabama.
If Obama was really serious about making the tax code FAIR he'd push for a flat tax across the board. Same tax percentage for everyone regardless of income.
I completely agree with you and the comment about their being nothing noble about socialism. That's why I am asking you to join me in my push to ban public schools and public universities – as they are examples of socialism at its finest.
This way, only the kids whose parents can afford to drop $30k per child per year will be able to attend schools. The other 95% of kids can either be homeschooled (if one of their parents can find the time to teach them, in between working a regular job), or more likely, can just get a good education sitting around the house all day long watching MTV.
I'll admit, this may sound like a ridiculously stupid and horrible idea to many of you, but hey, at least we will be rooting out the evil Socialism from our country's ways.
Why is it reducing the enormous size (and therefore enormous cost) of our government is never talked about? Its really about more smoke screens to get elected and wealth distribution.
It's funny you say that about Obama's tax plan. We're in the same boat in terms of tax bracket, BUT
Did you criticize Bush when he lowered taxes for those making 200k or more? Did you say, "the people making less than 200k shouldn't have a higher tax burden than those making more than 200k"? I think not.
Stop trying to find something to criticize just because the guy is a Dem. How is his plan 'theft'? Frankly, I don't have a problem paying a tad bit more than I do now. People making less than 200k have been doing it for years.
So was Bush "stealing" from those not making 200k when rolled out his tax cuts for "the wealthy"?
...Calling it like it is.
Bush didn't go far enough.
Did you see my comment on FLAT TAXES?
The progressive tax system is not a fair system and does not take cost of living into consideration and it penalizes people for their success and hard work.
Obama talks about helping the middle class and that's great but so far all I hear is rhetoric and no real plan.
Dan: I'd like to know how you make in excess of $200K per year and still have time to comment on every CNN Ticker story. I want your job.
There is a failure to understand, by people who vote Democrat, how a market economy works. It has two sides.
One is supported by creating goods and services that people want and will buy, which grows the money pool.
The other is supported by taxes, which always come ultimately from the market economy, and shrink the money pool.
Since 1964, workers have been siphoned from the market side, to make up needed government bureacracy. Two or three generations of low income people have been taught to look to the government and government programs, for their needs. Not the market. This is tragic.
They have been shunted to a separate but unequal world of make work positions. They have been segregated from the market economy, by the people who claim to be helping them.
If the effort begun by the War On Poverty had focused the billions of dollars spent, on bringing low income people into the market economy, we would not have the decaying cities and spiraling crime/murder rates forty plus years later.
The poor in this country have been betrayed by the Democrats, and played for suckers, and I think they are starting to realize it.
They need real jobs and real opportunity. Obama's ideas are really just more of the same, tax the rich, until the money pool goes dry. Kind of an economic global warming.
How about the simple truth that the opportunities provided us, by being in this rich, prosperous nation give us the opportunity to become fabulously wealthy. I don't see this happening anywhere else in the world. So, progressive taxation makes perfect sense. You want the opportunity but, you're not willing to give anything back.
I'm getting awfully tired of the argument that giving a tax cut to people who earn more is equivalent to taking it from those who earn less. That is simply nonsense. Preventing thieves from robbing the wealthy doesn’t make the poor any poorer, it only makes the thief poorer. If everyone paid an identical percentage of their income in federal taxes, the rich would still be contributing much more than the poor. If you can’t do that math, you’re an idiot and shouldn’t be running for President. Kennedy, Reagan, and Bush all showed that tax cuts stimulate the economy and end up in increased federal revenue. The problem is getting Washington to reduce wasteful (and mostly unconstitutional) spending – which it never wants to do, because spending is how votes are purchased. (Pardon my bluntness, but I can assure you that all the fat diabetic smokers will be voting for whoever offers the most generous national health care plan.) And, of course, different tax rates for different income levels allows politicians to pit one group against the other, which for them is far preferable to a flat tax with Americans focusing their energies on reducing that single rate by pressuring Congress.
Anyone who thinks a flat tax is a good idea is a blithering idiot, plain and simple. How on earth could you even fathom having people who make millions a year pay the same tax rate as someone who makes minimum wage. The tax plan Obama is suggesting would reduce middle and lower class taxes and remove the Bush tax cuts on the super wealthy. If you don't understand that those who earn less than 200K/yr are the economic driving force of the American economy then you are blinded by your own ignorance and greed.
Personally I think his tax plan is kind of ridiculous, the american tax system is seriously flawed as is. I do not know the details of his plan for those making more than 200k or less than 200k but I can imagine its not too different than what is in place now. In my opinion the current tax system places restrictions and penalties for taking risk and obtaining more wealth. I still support him though because I think reworking the way our government is run(lobbyists) is more important than money at this point.
Every politician is lying through his teeth. They are all WEALTHY people. They LIVE like they are wealthy people too. Warren Buffet is one of the wealthiest men in America, and you wouldn't really know it looking at his home. Why do people feel the need to buy multimillion dollar homes and then preach about the wealth gap? They are fueling the economy with these purchases and that keeps people employed.
Why don't we just face it? There will ALWAYS be rich and poor. There will always be something to be jealous of. You can't GIVE people happiness. Everyone has to find it for themselves. Ending poverty is fine, but stop trying to penalize hard working people who essentially live-to-work.
The truth is in the wasteful and corrupt. Keep more money in the hands of the economy and prevent corrupt STEALING of wealth by CEOs and government contracts. Regulate corporate incomes better, and eliminate the enormous entitlements already in place.
A reduction of taxes for the people who make less than $50,000 a year is great for business. Those tax savings will immediately be spent to buy clothes, televisions, appliances, maybe even cars. Without the consumer, business collapses. The consumer is just about tapped out. See how great the stock market responds when no one can afford to buy any of its industrial products. We already see this group of consumers can't afford the houses they live in. They are at the breaking point. If they break, we are in serious, serious trouble. Any good market capitalist should support his tax plan. A tax cut for the poor, is money directly to buy products from our businesses.
I earn less than 200K/year, am not blind, ignorant or greedy. What I am is a mathematician. Flat tax works. Now is it fair? God's tithe is 10% across the board for rich and poor alike, and HE's not someone you better be challenging on fairness. Those aren't tasers HE's using.
Dan is right. A flat tax is the most fair way to tax. The more you make the more you pay. If taxes are reduced, those who pay more get more of a break. People who work hard, make hard choices and become successful should not be told they are undeserving of their income. Obama would take it away from them and give it to people making minimum wage (or less) because of their bad choices: unwed births, dropping out of school, drugs and alcohol, etc.
Yep – Dan is 100% correct – but you are flying in the face of the Democrats favorite rhetoric line "those rich are getting tax breaks" – for those who don't know – when you make over a certain amount – you are subjected to even higher taxes. Last time I checked – we were a capitalist society – yet the Dems seem to want to push socialist doctrine. Go Dan...you are right!
I will believe that Obama really believes 200k is rich when he starts living on it.
200k-60k taxes-45k years college -32k mortgage on a 3 bedroom bungalow in MA.
gIVE ME A BREAK!
Obama puts those making over 200k in the same bracket as Warren buffet. Hello, it's 2008- 200k is not rich. Taxing me at buffet's rate will prevent me from sending my sond to Harvard.