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QuoteAt a Thursday town hall meeting in Wauconda, Illinois, Tea Party Rep. Joe Walsh (R-IL) railed against defense cuts and entitlement programs, telling attendees that Americans refuse to have a discussion about how best to rein in the nation’s deficit and debt. But when Walsh asked how Americans planned to pay for those programs, he was caught off guard by a quick answer from one of the event’s attendees:
WALSH: This country, for years, has put off the discussion, how are we going to pay for that? Let’s have the discussion!
MAN: Let’s tax the rich.
WALSH: Let’s tax the rich, they say! (Applause) All I’m saying is —
MAN: We used to!
WALSH: Don’t know where you’re going to get the money.
Watch it, courtesy of Americans United for Change:
http://thinkprogress.org/economy/2011/08/06/289618/joe-walsh-townhall-tax-rich/
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WALSH: Let’s tax the rich,
It's been clearly shown, in this thread and here http://www.dropzone.com/cgi-bin/forum/gforum.cgi?post=4163833;sb=post_latest_reply;so=ASC;forum_view=forum_view_collapsed;;page=unread#unread, that there's not enough taxable revenue to cover what Obama is doing, even if he takes all of the corporate profits and all taxable revenue from millionaires and billionaires. Have you understood this?
Assuming you have understood those facts, then to get any more from the rich means you're going to start confiscating private property. The US Constitution prevents that.
The federal government has a spending problem that is not going to be solved by taxing the rich, nor by any other class warfare mechanism.
QuoteTax Rates For Millionaires Have Fallen 25 Percent Since 1995 | The Center for American Progress’ Seth Hanlon took a look at new IRS data and found that “as a percentage of their incomes, millionaires are now paying about one-quarter less of their income to federal taxes than they did in the mid-1990s”:
http://thinkprogress.org/economy/2011/08/04/287913/tax-rates-millionaires25-percent-since-1995/
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http://thinkprogress.org/...-percent-since-1995/
This is becoming tiresome. For the last time, Obama would have to take ALL of the taxable revenue from millionaires and billionaires, and all corporate profits, to pay for his "vision". If you disagree with the math, then show us where the numbers are wrong. Pulling quotes from authors who haven't done the math doesn't change anything.
you haven't added in an inheritance tax which will be levied on wealth not income
(which is why 1% of the population owning 40% of the nation's wealth is an important ratio to keep in your head)
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you haven't added in an inheritance tax which will be levied on wealth not income
Besides the fact this can be considered a tax on something that's already been taxed, and it's confiscating private property, why don't you put together some numbers to show us. Can you do that?
QuoteThe total value of all U.S. household wealth in 2000 was approximately $44 trillion. Prior to the Late-2000s recession which began in December 2007 its value was at $65.9 trillion. After, it plunged to $48.5 trillion during the first quarter of 2009. The total household net worth rose 1.3% by the fourth quarter of 2009 to $54.2 trillion.
http://en.wikipedia.org/wiki/Wealth_in_the_United_States#Distribution_of_wealth
blue skies from thai sky adventures
good solid response-provoking keyboarding
go f**k yourself...
blue skies from thai sky adventures
good solid response-provoking keyboarding
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