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Politics.955 |
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The ongoing war between Republican ideology and the facts |
{Politics.955.1122}: Richard Clark {cardo} Tue, 09 Apr 2013 21:41:58 EDT (HTML)
{Politics.955.1123}: Favorite Repug Delusion, or Lie {cardo} Tue, 09 Apr 2013 21:58:05 EDT (HTML)
According to The Think Progress Blog, the U.S. share of taxes may have increased slightly, as the fiscal cliff deal restored Clinton-era tax rates on incomes over $450,000. However, that modest increase isn't enough to move our nation up on the OECD taxation list, and it still leaves us far below the average.
This report comes just one day before the President officially releases his new budget proposal, which will likely include additional cuts to our social safety net, in exchange for very modest tax increases. This means that once again, our nation will ask those in the lowest income brackets to bear the brunt of spending cuts, while millionaires and billionaires aren't asked to contribute much at all. This is simply unacceptable.
We should _not_ be implementing more Republican austerity -- we should be asking those who can afford it to help invest in our nation (to the extent that they once did), to help us with our struggling economy. In fact, we shouldn't be asking them to, we should be demanding it. The super-rich shouldn't be allowed to hoard cash by the billions -- as multitudes of the poorest among us are asked to sacrifice, so as to pay for the shortfall that arises from historically low taxes on the rich.
We can start this process by significantly stepping up the taxes on all individual income that exceeds $1 billion dollars. Find out how at www.NoBillionaries.com.
-- Thom Hartmann
{Politics.955.1124}: Senator Lampoon {yesdeer} Tue, 09 Apr 2013 23:12:34 EDT (HTML)
I said your reliance on percentages is faulty. You tend to accept them
without examining their metrics.
{Politics.955.1125}: Richard Clark {cardo} Tue, 09 Apr 2013 23:39:01 EDT (3 lines)
So examine some of those metrics for us, and show us how that should/would change my beliefs or contentions. Or are you just talking through your hat again?
{Politics.955.1126}: Senator Lampoon {yesdeer} Wed, 10 Apr 2013 11:09:14 EDT (HTML)
{Politics.955.1127}: Senator Lampoon {yesdeer} Wed, 10 Apr 2013 11:58:02 EDT (HTML)
Over the last 20 years, 45% and 10%.
There just isn't enough swing over time for you to make such a huff
over corporate taxes. Especially since the revenue from individuals,
which includes tax pass throughs from LLCs, S-Corps, and partnerships,
are used to business owners advantage. You're probably barking up the
wrong tree, actually. You should be going after the businessman who
plays with LLCs and S-corps. But you wouldn't know there's a potential
problem with that group because Thom Thumb hasn't figured it out for
you yet.
{Politics.955.1128}: Richard Clark {cardo} Wed, 10 Apr 2013 12:06:07 EDT (1 line)
Your stats are completely bogus. I suspect you made them up.
{Politics.955.1129}: Senator Lampoon {yesdeer} Wed, 10 Apr 2013 12:29:57 EDT (HTML)
You're lazy Richard, relying on clowns like Thom to spoon feed you
emotional bits of decay breeding plaque.
{Politics.955.1130}: Richard Clark {cardo} Wed, 10 Apr 2013 13:59:03 EDT (HTML)
{Politics.955.1131}: Senator Lampoon {yesdeer} Wed, 10 Apr 2013 14:54:40 EDT (HTML)
>Some people in this Cafe are nothing more than propaganda artists who have no respect for the truth.<
Look in the mirror if you want to see one.
{Politics.955.1132}: Richard Clark {cardo} Wed, 10 Apr 2013 14:59:03 EDT (1 line)
We'll have to agree to disagree about that and a few other things.
{Politics.955.1133}: Bloviation T. Cornpone {oldman} Thu, 11 Apr 2013 06:26:37 EDT (6 lines)
"Some people in this Cafe are nothing more than propaganda artists who have no respect for the truth." Odd sort of statement. When all men see different truths how can compromise succeed?
{Politics.955.1134}: Richard Clark {cardo} Thu, 11 Apr 2013 09:57:45 EDT (1 line)
sometimes it can't.
{Politics.955.1135}: Richard Clark {cardo} Thu, 11 Apr 2013 16:44:04 EDT (HTML)
"http://www.youtube.com/watch?v=NCYQowvhQVI&feature=youtu.be"
And guess what it is, Republican dunces, that causes ever more CO2 to
be added to the upper atmosphere. It's hyper-production and hyper
consumption, especially of fossil fuels.
{Politics.955.1136}: Bloviation T. Cornpone {oldman} Thu, 11 Apr 2013 16:44:58 EDT (16 lines)
I suggest that "we disagree" works. "propaganda artists who have no respect for the truth" does nothing to strengthen your POV. I know you are not alone in using these tactics and I don't intend to pick on you particularly but there is no neutral audience to convince. Of course I have no intention of stopping any of this if its vital to participation but still....
{Politics.955.1137}: Richard Clark {cardo} Thu, 11 Apr 2013 16:50:32 EDT (HTML)
{Politics.955.1138}: Senator Lampoon {yesdeer} Fri, 12 Apr 2013 21:55:13 EDT (HTML)
{Politics.955.1139}: Richard Clark {cardo} Fri, 12 Apr 2013 22:55:13 EDT (HTML)
The consumer group's report, entitled "Picking up the Tab 2013," estimates "tax haven abuse costs the United States approximately $150 billion in tax revenues every year." That amounts to an average of $1,026 per taxpayer and $3,067 for small businesses, which typically cannot afford to use accounting tricks and may face a competitive disadvantage as a result.
"http://www.cbsnews.com/8301-201_162-57577914/report-big-business-no-stranger-to-offshore-tax-havens/"
The Tax Justice Network has just released a report estimating that the world's tax havens house anywhere from $21 trillion to $32 trillion in money that governments cannot tax.
{Politics.955.1140}: Senator Lampoon {yesdeer} Sat, 13 Apr 2013 09:59:02 EDT (HTML)
The Ignorance Of The Tax
Justice Network
You may have heard of the Tax Justice Network. A small group of self- appointed experts who are insistent that really, the rich must pay lots more money in taxes. So that that money, I presume, can be spent in ways that the members of the Tax Justice Network approve of. A properly robust reaction to their claims would be that if they want to spend money in a certain manner they should go and earn it so that they can spend it. Insisting on being able to spend other peoples money without their permission is often considered equivalent to theft.
However, let us leave aside this philosophic difficulty and concentrate just for a moment on how much they actually seem to know about the real world. This is James Henry, author of their latest report on how much money is being hidden in the tax havens of the world:
For example, one characteristic of all this wealth is that its invested in relatively low-yielding time deposits and secure assets in First World countries. You know, and compared with investing in a high-growth developing country like Brazil, the opportunity cost is really pretty high here for this kind of investment.And the people who are this wealthy are not consuming. I mean, theyve consumed about as much in the way of real estate and yachts and art and other things asyou know, the finer things in life as they can, but at the end of the day, they are almost required to save it. So they do consume a lot of political power, which isseems to be an outlet for virtually unlimited expenditures. But aside from that, you know, theyre not creating a lot of jobs with their savings here.
So all this vast amount of money is just lying around in bank accounts and not doing very much. This is their argument as you can see. Low interest time deposits: they are arguing that this money should be better deployed in more active investments. Building things, starting companies, creating jobs.
Its rather worrying that such self-proclaimed experts should be so ignorant of how the financial world actually works. They seem to think that if cash gets stuck into a bank account then thats where the cash is stuck. Which betrays a woeful lack of knowledge about what a bank does.
Yes, of course, a bank takes in deposits. But a bank also lends out
that money again. In fact, thats exactly what banks do, are designed
to do. To transform low risk, short term deposits, into higher risk
longer term loans. This maturity transformation is what banks are for
in fact.
{Politics.955.1141}: Senator Lampoon {yesdeer} Sat, 13 Apr 2013 10:02:25 EDT (HTML)
{Politics.955.1142}: Richard Clark {cardo} Sat, 13 Apr 2013 12:04:18 EDT (1 line)
I don't trust your sources.
{Politics.955.1143}: Senator Lampoon {yesdeer} Sat, 13 Apr 2013 12:44:42 EDT (HTML)
{Politics.955.1144}: Richard Clark {cardo} Sat, 13 Apr 2013 12:47:52 EDT (1 line)
Pot, kettle, black.
{Politics.955.1145}: Bloviation T. Cornpone {oldman} Mon, 15 Apr 2013 15:01:09 EDT (11 lines)
"So all this vast amount of money is just lying around in bank accounts and not doing very much. This is their argument as you can see. Low interest time deposits: they are arguing that this money should be better deployed in more active investments. Building things, starting companies, creating jobs. " So the rich are finally admitting that they don't build things, start companies, or create jobs with all the money they got from their tax breaks. That's...."rich"
{Politics.955.1146}: Republican sabotage {cardo} Tue, 14 May 2013 14:16:51 EDT (HTML)
The stimulus along with the auto rescue should go down in history as one of the most effective government interventions for long-term job growth since the New Deal. And without Republican sabotage/obstructionism, it could have been so much _more_ effective!
Because three Republican votes were needed in the Senate to pass the American Recovery Act, and could not otherwise be obtained, the total cost of the bill had to be kept under $1 trillion, when $1.8 trillion was needed to make the bill really effective. Those three Republican senators made specific changes to the bill that ended up killing as many as one million jobs. EPIs Bivens and Fieldhouse explain:
"The price tag of getting these votes was nearly $30 billion in school construction funds stripped out of the bill at the insistence of Sen. Susan Collins (R-ME), one of the three GOP votes in the Senate. These funds would have supported roughly 250,000 additional jobs. Further, the final version also included the nearly $70 billion cost of a one-year extension of the Alternative Minimum Tax (AMT) patch a provision that provided no stimulus at all, since it was done literally every single year, but which was included to woo another GOP senator, Olympia Snowe. If this amount could instead have been spent on _productive_ stimulus, it could have created roughly 750,000 additional jobs. In short, just luring the minimal GOP votes needed to pass ARRA in the Senate, likely _kept it_ from supporting or creating nearly a million more jobs than it did."
What Republicans did after the stimulus passed was even more destructive. They coordinated their messaging and began calling it the failed stimulus before it even went into effect. That talking point was supplemented by millions in political advertising calling the stimulus failed and reckless.
These lies are easily disproven with the chart supplied at the link below, which tracks initial unemployment claims. President Obama inherited a nearly unprecedented layoff crisis and suddenly reversed it in the middle of his first year, right as the stimulus went into effect. The GOPs propaganda attack, however, was effective and made passing any more stimulus impossible.
In March of 2013, The Wall Street Journals Phil Izzo estimated that federal, state and local governments employed 950,000 fewer Americans than in June of 2009. Without those cuts, he estimated the unemployment rate would be .6 percent lower, meaning today it would be a flat 7 percent. A Brookings study suggests the unemployment rate could be as low as 6.1 percent if not for cuts.
Yale Universitys Ben Polak and Peter K. Schott confirm that weve experienced unprecedented austerity at the level of state and local governments, and this austerity has slowed the job recovery.
"http://www.opednews.com/Quicklink/5-Ways-The-Republican-Part-in-Best_Web_OpEds-130511-623.html"
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