Krauthammer blows up Obama and the FOLLY of "The Buffett Rule"

These are the same people that say drilling in ANWR won't help. What a load of (*)(*)(*)(*).

 

Would that really matter as much, if we had public policy choices that actually solved official poverty in our republic, instead of merely paying for a War on Poverty for a generation?

 

Why can our elected representatives still afford to have a War on Drugs and deny and disparage Intelligent Design theory, at the same time?

 

Shouldn't we expect our elected representatives to do a good job and solve our social dilemmas with the Peoples money instead of merely create more problems that need to be solved with the Peoples money?

 

No defense of the Buffett rule from a single leftist. Illuminating. Do you not have the courage of your Dear Leader's convictions, lefties?

 

Historically, during real times of War; the wealthy have been taxed at Wartime tax rates that may have even reached the ninety percentile. From my perspective, if we can afford to lower taxes, we must not be in a Real time of War; so why do we need the entitlement spending of a War on Drugs or other abstractions in real times.

 

Thank you form making that point for me. I hope it is considered anecdotal evidence in my favor. If you don't believe we are really at war, in a time of War; why should we be spending the Peoples money on War on Drugs during times of lowering taxes and not a time of War?

 

I love that man, always have. I wish he would run for president. Most eloquent, intelligent person I have ever read or listened to. "Commonsense Charles" I call him

 

Expect in one hand and (*)(*)(*)(*) in the other....

Pandering for votes with meaningless "solutions" is not "doing a good job"....it's simply pandering for votes.

 

For comparison and contrast, in the private sector, an employer can usually expect efficient performance for an efficiency wage; why can we not expect something similar from our elected representatives?

 

There is no profit motive built into the machinations of governance...only the inefficiencies, waste, abuse and corruption that surrounds spending other peoples money.

 

People "assume" the Buffett Ruse will bring in 4.7 billion a year, but many will find a way to opt out of it.

 

Kinda like a Decade-Long Tax Break would bring Jobs?

Silly ... isn't it?

 

As they say in investing, historical data does not predict future outcomes of your investment.

Back 70 years ago things were different dispite what the USA publc schools preach.

Today, war is about making money, and lots of it for the privilaged elite.

The masses will just suck up and pay the tax and pick up the bill, while the elite manipulate the masses of fools who believe this is real war. It is only real war for those who fight the fight. Today's wars (not histocial wars), are about making money, against a 3rd world enemy with 50 years old war equipment.

 

5 billion a year is about 1/60th of what Obamacare is projected to pile on to annual deficits.

Meaningless, pandering "solutions" to an insurmountable problem...sadly, the progressive drones will not only buy it, they'll figure out a way to package it, parrot it, and blame everything on "The Party of No"

 

Its about class warfare and tearing down the foundation of capitalism. Its what the left wants, its the communist way.

 

Why is that the case, if we even have a McCarthy era phrase in our pledge of allegiance to our republic?

 

Why do you believe that? From my perspective, there should be no issues with progressive forms of taxation under any system of capital based markets and economy, any more than there is with economic forms of discrimination.

 

Because it creates the enviornment where we are. Pinning one group over another.

If you want to be a citizen and a voter, you should be paying something. we need a flat tax or fair tax.

 

You'll need to break that down for me...I'm a little rusty on my cryptology.

 

I wonder how they calculated that number. That doesn't make any sense to me.

People who earn $1 millionn (e.g., the top .1%) or more took 14.6% of all income in 2005.

http://cbo.gov/sites/default/files/cbofiles/ftpdocs/98xx/doc9884/12-23-effectivetaxrates_letter.pdf

Gross personal income today is at about $13 trillion dollars. 14.6% of $13 trillion dollars is $1.9 trillion dollars.

In 2005, about half their income (55%) of the income of folks in the top .1% was from capital gains and dividends taxes at the special privileged 15% rate.

I cann't believe if we put a minimum 30% tax rate, effectively doubling the tax rate on half the income of a group that cumulatively makes $1.9 trillion dollars, the effect is only 4-5 billion a year.

55% of $1.9 trillion is $1.045 billion, the amount of investment income for the millionairs and billionaires. The tax they currently pay on that is 15%, or $156 billion.

They're telling us that if that 15% is doubled to 30%, that is only going to bring in an extra $4-5 billion?

Even accounting for the fact that I am using gross income as opposed to adjusted gross, it sounds fishy to me.

 

So, of course rather than do something equitable by taxing both the rich and the poor, let's just skip it altogether and tax the poor and middle class. Hooray!

Yes.

It will HELP close our deficit and alongside other measures could put us back where we're supposed to be, but again...we only want to tax the Middle Class and poor because...because...ummmm...the Republican-Democrat puppet master sponsors who are behind the game and pump billions into their marketing machines to keep us locked in culture wars have decided that it is necessary to demonize the poor and blame them for all of our problems.

Jesus would be so proud! Hallelooooooooo!

Redistributionism? Ha, ha and hahahahahah. You've got to be kidding. No one wants the poor and middle class to have money--even those who use those terms or else they'd be forsaking their investment portfolios. The fact that you guys buy into this anti-evolutionary fallacy shows just how well their spin campaigns have worked.

In the Gospels--they're these really cool books about a Palestinian hippie who lived a long time ago--anyway, this rich dude came up to him and said how he really dug what he was talking about and what he should do to follow this hippie guy. The hippie's advice was to give away all his money. Surprise! He never heard from the dude again.

Obama talks a lot of crap but does not walk it. You WANT him to be a marxist--hell, I'd like him to be one, too, but he's not. He's just as uninteresting, pedestrian, and pedantic as other politicians. To me its just the new boss is the same as the old boss. Talk, talk, talk, talk, talk with crickets chirping when it comes to things that would really have an impact like TACKLING TRADE AND IMPORT/EXPORT TARIFFS.

I'm so tired of middle class Republicans whining about how hard the poor rich have it....wahhhhhhhhhhhhhhh, those poor rich people they may actually have to pay the same share of the tax burden as the middle class. Oh, poo, poor darlings. Those stupid, lazy poor people who just want handouts!

Whatever...if you were FAIR and truly impartial you want a fair system and neither "tax the poor" and "tax the rich" is fair. In both cases, the Middle Class--the majority class--is still expected to bear the bulk of the burden. That's BS. It's the elephant in the room.

True tax reform would be a flat or sales tax. It would force the government spend less and keep a budget like the rest of us. It would also prompt them to change export and import laws that created the mess we're in now because its the only way to make money. People say: it won't work. Okay, but this system works???? For who?

Who benefits now? I'll give you a hint: the two minority sectors of our populace. Yes, the joke is on us all.

 

I thought we all believe in Capitalism over Socialism? Progressive forms of economic discrimination is both legal and socially acceptable in our republic as a form of Capitalism, but not Socialism.

Everybody pays some taxes; special pleading does not inspire any confidence in the sincerity of those of that point of view.

 

Sorry about that. It is about being moral enough to bear true witness to our own laws, simply for the sake of morals. It sometimes just seems like a trick question.

 

Uh has President Obama said it would eliminate the deficit? Of course not. Only republicans have to make up fabrications to think they have a point.