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| View Poll Results: Does 'trickle down' economics work? | |||
| Yes |
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25 | 26.60% |
| No |
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51 | 54.26% |
| Sometimes |
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18 | 19.15% |
| Voters: 94. You may not vote on this poll | |||
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Having the majority on your side doesn't make your argument true: that's a basic fallacy.
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Economic Depressions: Their Cause and Cure, by Murray Rothbard
Mises.org Laissez-faire! Dépêchez-vous! Libertarians (last post on 06/13/09 at 1:40 am) Ron Paul 2012 |
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Now through Democracy, like it or not, the system is self correcting. Oh happy days are here again! Last edited by catawba; 10-13-2008 at 11:22 PM. |
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Your rights are not dependant upon whether or not the State can raise enough tax revenue to fund them. If millionaires in Washington want insurance to be available to everyone, regardless of preconditions, and for the cost to be low, they should pool their resources and start their own insurance company and provide just that. "We're not going to have others carrying the burdon for you." President Obama |
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"First, there’s the fairly obvious argument. If you are a millionaire (or better), your money probably came from a lot of hard working people who work for you, either directly or indirectly. While you are not personally responsible for their economic salvation, you are entirely responsible for having provided goods and/or services at the highest price the market would bear. While you should be congratulated for your savvy business acumen, you also need to help the government pay for all the social programs necessary to keep these people out of utter poverty. After all, it IS kind of your fault. Not only did they pay for the goods, but they also paid a little extra so that you could make a profit. So, not only do you need to pay taxes, you also need to pay a little extra so that they can buy their next meal. Second, there’s the other fairly obvious argument. Most people agree that poor people should pay less in taxes. Whenever you have a “less” in economics, you need to have a “more.” So, if poor people should pay less, then rich people should pay more. You can’t both pay less than the other. Third, there’s the other, other fairly obvious argument. Wealthier people use a greater abundance of our national infrastructure, have a larger environmental impact, and use a much larger part of the common wealth. Your companies own millions of huge trucks that cause more wear and tear on our bridges and roads. You can’t be trusted to clean up after yourself, so it’s the EPA that spends $15 billion dollars on Superfund Clean-Up Sites. The portion of the Federal government dedicated to dealing with social welfare programs is a drop in the bucket compared to the portion dedicated to commerce, trade, industry, exchange markets, and other fingers of capitalism. So if the bulk of the government is dedicated to protecting and promoting capitalism, then perhaps the people who benefit from this work the most ought to be the ones who pay a proportionately higher tax. Fourth, there’s the other, other, other fairly obvious argument. If 10% of you own 70% of the (*)(*)(*)(*) in this nation, then the military is protecting a lot more of your (*)(*)(*)(*) than mine. Fight them over there so we don’t have to fight them over here? Great idea, but it’s YOUR (*)(*)(*)(*) over here that our men and women are dying to protect. Look, my insurance company (or rather, your insurance company) makes me pay a higher premium if I own more (*)(*)(*)(*), right? Good. Let’s apply your corporate insurance philosophy to YOUR (*)(*)(*)(*). Ah, yes. It still holds true. The more (*)(*)(*)(*) you have to protect, the more you should have to pay to protect it. I’ve been waiting six long years to say this: freedom isn’t free, rich people! There, that felt good. Fifth, there’s the other, other, other, other fairly obvious argument. The Bush Administration spent the better part of eight years peeling grapes for the wealthy and repealing policies that made it hard to be so very, very rich. Those enormous tax cuts? We need them back, ASAP. Let’s start with an initial loan of about $700 billion. Turns out that welfare for the rich costs a hell of a lot more than welfare for the poor. It’s the wealthy people who got us into this mess, and since y’all control 70% of the wealth in this nation, then maybe you could help replenish the national cookie jar for a little while. I’m not sure if you noticed, but it’s starting to get a little empty." http://joshanderson.wordpress.com/20...-higher-taxes/ |
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Wealth inequality in the United States
"Wealth inequality in the United States refers to the unequal distribution of financial assets among residents of the United States. Wealth includes the values of homes, automobiles, businesses, savings, and investments [1]. Those who acquire a great deal of financial wealth do so primarily through the appreciation of fiscal portfolios. For this reason, financial wealth involves only stocks and mutual funds, and other investments and is subject to much greater inequality than net worth alone. Various sociological statistics suggest the severity of wealth inequality "with the top 10% possessing 80% of all financial assets [and] the bottom 90% holding only 20% of all financial wealth." http://en.wikipedia.org/wiki/Wealth_..._United_States "The richest 1% of wealth holders had 125 times the wealth of the typical household in 1962; by 2004 they had 190 times as much or $14.8 million in wealth for the upper 1% compared to just $82,000 for the household in the middle fifth of wealth." http://www.epi.org/content.cfm/webfe...shots_20060823 |
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Economic Depressions: Their Cause and Cure, by Murray Rothbard
Mises.org Laissez-faire! Dépêchez-vous! Libertarians (last post on 06/13/09 at 1:40 am) Ron Paul 2012 |
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OK, here are the Historical Income tables from the US Census Bureau.
http://www.census.gov/hhes/www/income/histinc/h05.html Check out the numbers in relation to the 4 year terms of each of the last 5 Presidents. Even JIMMY CARTER did a better job at putting wealth in the hands of the people than the Republicans. Here's a link to the Historical Tax Tables of the US Budget. The White House supplies this: http://www.whitehouse.gov/omb/budget...5/pdf/hist.pdf Go to the bottom of page 26. Check out the Receipts, Outlays, and Surplus/Deficit data in relation to the 4 year terms of each of the last 5 Presidents. I gotta' laugh, but again, even JIMMY CARTER was more fiscally responsible than the Republicans. Clinton's tenure was WAY more fiscally responsible than the Republicans. Let's try arguing the results instead of the theory for a change...
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"And the life of man, solitary, poor, nasty, brutish, and short." - Thomas Hobbes |
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