Obama Encourages Individual, Government, Wall Street Responsibility

[XDConvert9mm]

Originally Posted by KingWulfgar

Therein lies the crux of the problem. Obama (and, apparently, you) believe that economic growth should affect everyone equally. Whether they're at the bottom of the ladder or the top. Whether they've contributed or not. You obviously do not realize that that is one of the tenets of communism.

Economic growth will always disproportionately benefit the people who took the risks, worked the hardest, and put the most money into the system to begin with in the form of investments. The poor, single mom on welfare doesn't get any of that benefit and shouldn't (other than the natural benefit of innovation and lowered costs of production lowering prices in a perfect world).

The tax system is already progressive (although, there is an interesting argument that when taken as a whole--i.e. not just the income tax--the tax system is actually regressive). Making it more so and putting more of a burden on the few individuals that are the ones that spur economic growth is a bad policy. There is no arguing with the fact that if the top employers and producers in the economy are saddled with a heavier tax burden, they will have less money to invest and employ people. It's common sense, but most people just hear, "He's going to tax me less and tax those rich people more. That won't affect me!" Sadly, those sheeple are very very wrong and will be the loudest ones screeching when their jobs fizzle up and float away thanks to the tax that couldn't possibly affect them.

Where this whole system breaks down is the phony "wealth" that was created over the past 10 years by the housing bubble, easy credit, and wily investors milking the system. Based on Obama's outspoken support for the billionaire bailout plan and his vote for it, I don't see him changing anything to do with that part of the equation.

Honestly, I don't know why I bother, but maybe someday some of this will get through to you. You claim to have supported Ron Paul and his ideals. Why don't you do yourself a favor? Buy his book "The Revolution: A Manifesto" and READ IT! It's only like $12 on Amazon.com. If you can't be bothered to read his book and keep spouting stuff that is completely opposite of what he says, you just make yourself look foolish when you continue to insist you support his beliefs.

Many have tried, none have been successful to date. Keep pluggin though.

[TankCommander07]

obama 08!!!!

[Frenchy]

Originally Posted by TankCommander07

obama 08!!!!

Pithy...and welcome to the forum!

[DMWyatt]

Originally Posted by TankCommander07

obama 08!!!!

Boy did you just step in knee deep... Welcome aboard! Good luck!

[KingWulfgar]

Originally Posted by AZXD

That's some very good advice Etta ... You should read his book.

ETA: Here's a link - Amazon.com: The Revolution: A Manifesto: Ron Paul: Books

Well, the night passes with no sign of Etta in this thread. I can't say I'm surprised.

[FrankRizzoXD40]

Originally Posted by KingWulfgar

Well, the night passes with no sign of Etta in this thread. I can't say I'm surprised.

That is kev and etta's MO these days..."duck and cover" from any threads where their candidate is brought into serious question.

Frank

[AZXD]

Originally Posted by AZXD

That's some very good advice Etta ... You should read his book.

ETA: Here's a link - Amazon.com: The Revolution: A Manifesto: Ron Paul: Books

Chirp Chirp

[Krackels]

No offense Etta, but I'd feel a lot better if the government stopped trying to fix the economy and let the economy fix itself.

That's one of the main problems of the left. If government wants to help they should reduce taxes by 10% for everyone in America--poor (well they don't pay taxes so 10% of $0 is still $0), lower class, middle class, wealthy, ultra wealthy, corporations, small businesses, capital gains, estate taxes, everything--well they can keep the tariffs at the same rate.

This single action will do more to 'fix the economy' than anything Presidents in the last 20 years have done to 'fix the economy'. The best thing the government can do is stay out of it.

[Krackels]

Originally Posted by AZXD

That's some very good advice Etta ... You should read his book.

ETA: Here's a link - Amazon.com: The Revolution: A Manifesto: Ron Paul: Books

Etta, how about this... if we chipped in and bought you the book would you read it?

You can even send it back (heck I'd like to read it).

[FrankRizzoXD40]

Originally Posted by Krackels

No offense Etta, but I'd feel a lot better if the government stopped trying to fix the economy and let the economy fix itself.

That's one of the main problems of the left. If government wants to help they should reduce taxes by 10% for everyone in America--poor (well they don't pay taxes so 10% of $0 is still $0), lower class, middle class, wealthy, ultra wealthy, corporations, small businesses, capital gains, estate taxes, everything--well they can keep the tariffs at the same rate.

This single action will do more to 'fix the economy' than anything Presidents in the last 20 years have done to 'fix the economy'. The best thing the government can do is stay out of it.

That's basically what Reagan did back in the early 80's--cut taxes, deregulate, shrink bureaucracy, and let the economy recover on it's own with the american people leading the way. He also did not intervene much when the market crashed in '87.

Look what happened both times---massive recovery!

Frank