From June 2003 to December 2007, the economy added 8.1 million jobs, according to the Bureau of Labor Statistics. The unemployment rate fell to 5% from 6.3%. Real GDP growth averaged close to 3% in the four-plus years after that, and the budget deficit fell steadily from 2004 to 2007.
And despite Obama’s claim, Bush’s policies did not increase income inequality. In fact, inequality was the same when Bush left office as when he came in.
Unfortunately for America, Barack Obama’s ‘Spend your way to hell’ plan did not have similar results.
You're right most people will be fooled.. Because there is no possible way you can fund the backs of anyone on the rich. You tax the rich and 1.) there's just not enough rich out there 2.) you deal w/ the side effects of inflation 3.) since these people control businesses you stunt growth.
First of all I do not understand your first sentence. Now as to your 1, 2, and 3:
1. Not true. If 50% of the federal income taxes are paid by the top 2%, it means we have more than enough, nay too many, rich.
2. I do not know that if we increase taxes on the rich, we would have inflation. maybe you can explain that. And i am not normally bothered too much by inflation. I might even invite it cause I think inflation might be a progressive taxation.
3. i really do not buy this. we keep hearing that if we increase the tax rate those who make say 20 million a year would intentionally somehow work less, nay, manage to make 10 million a year. (I took back "work less" intentionally.
I always hear the term "fair share" but.. when I go to the supermarket.. or store whatever. I pay my fair share.. so does the bum behind me and millionaire in the back. We all pay the same percent are taxed (at a state level) of what we purchase. Who pays the most is who spends the most.. rich have more so they spend more or buy more expensive items. What's always proposed defies the definition of the term "fair" at least in a mathematical aspect.
lets examine your analogy (also somewhat of a moment of unintended honesty): Rmoney goes to market and buy a gallon of milk. so do a bum and a teacher. Do they pay a percent of their income? No, they all pay the same amount.
I always knew that there are many Rmoneys in this world that only pretend they will be happy with a flat tax rate. But in reality they will resent if they pay a dime more than a bum.
Really there's only one way to fix our budget and deficit issue.. and that's raise taxes across the board. Even maybe a VAT. I'm all for that.. but the government best become more financially responsible with their money if they think they're going to get more out of me.
AS far as I am concerned the super rich do not pay even nearly their fair share now. if there are more of me, that should/would be fixed. if there are more of you, Rmoney will give himself and other super rich yet more tax breaks because the poor things just deserve it.
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