close

Privacy guaranteed - Your email is not shared with anyone.

Obama: Buffet Rule a "Gimmick"

Discussion in 'Political Issues' started by evlbruce, Apr 12, 2012.

  1. evlbruce

    evlbruce

    Messages:
    5,649
    Likes Received:
    224
    Joined:
    Nov 3, 2003
    Even President 0 admits that his proposed tax on those earning a million dollars or more a year is just a gimmick that won't close the budget deficit by a fraction of a percent.

    [url=''http://www.washingtonpost.com/opinions/rebuffing-obamas-buffett-rule/2012/04/11/gIQA7m4HBT_story.html?hpid=z4]Link[/url]

    But hey, the Buffet Rule was worth spending millions in media time and public monies to promote. Right?
     
  2. JFrame

    JFrame

    Messages:
    43,175
    Likes Received:
    18,490
    Joined:
    May 29, 2001
    Location:
    Mid-Atlantic, US of A
    It's kind of like Obama's "green" initiatives -- Cash for Clunkers, Solyndra, the Volt, etc., ad nauseum -- they are all fiscal disasters that accomplish less than nothing -- but they "move us in the right direction..." :upeyes:

    Of course, that "right" direction is actually the "left" direction -- toward remorseless socialism.


    .
     
    Last edited: Apr 12, 2012

  3. JBnTX

    JBnTX

    Messages:
    22,847
    Likes Received:
    9,176
    Joined:
    Aug 28, 2008
    All part of the democrat dog and pony show.

    Obama must raise taxes on ALL Americans in order to pay for his national healthcare scam.

    You didn't really think all that healthcare was going to be free, did you?:rofl:
     
  4. JFrame

    JFrame

    Messages:
    43,175
    Likes Received:
    18,490
    Joined:
    May 29, 2001
    Location:
    Mid-Atlantic, US of A

    Yeah -- to paraphrase the great Inigo Montoya, "I don't think the word 'free' means what you think it means."


    .
     
  5. HexHead

    HexHead

    Messages:
    4,815
    Likes Received:
    1
    Joined:
    Jul 16, 2009
    The money he expects to collect under the Buffet Rule would fund at best five days of government spending.

    2008: Hope & Change
    2012: Fear & Envy
     
  6. Brucev

    Brucev

    Messages:
    9,189
    Likes Received:
    7
    Joined:
    Jul 19, 2009
    Let them pay. Let them pay on their income exactly the same rate as anyone who earns a wage, tip or salary. There is no reason at all to allow some to shelter their income by renaming it "dividends" or "capital gains" and then taxing that income at a rate lower than the norm. There is no reason to fail to tax the income of U.S. citizens earned overseas in exactly the same manner that it is taxed in the U.S. Why should such earnings be privileged over the earnings from within the U.S.?

    Return the tax structure to the progressive structure typical of the post WWII 1950's era. Cut military spending a minimum of 10%. Remove the artificial ceiling on S.S. tax applying it to every single dollar earned, received, etc. by person. And... since corporations want to be treated as persons, let them pay the SS tax on every dime they make just like any other person who earns a salary, wage, tip, etc., etc., etc. If the job creators weep and wail and gnash their gold filled teeth, then let them. If they can show how they are actually creating jobs rather than simply outsourcing off-shore, etc., then consider some sort of arrangement whereby they receive some tax credit for their demonstrated creation of jobs in the U.S. Otherwise, let them whine. Do that. Then, and only then look at any cuts that might still be necessary to deal with the budget. But make such cuts if and only if the other steps outlines are not sufficient.
     
  7. whoflungdo

    whoflungdo

    Messages:
    8,412
    Likes Received:
    134
    Joined:
    Jul 15, 2008
    Location:
    MS
    Because too many people believe that action must be taken quickly. It doesn't seem to matter if those actions work or make things worse. It's because "we care" because "we tried".

    I've heard that way too many times. Well at least I tried or he tried. It's better than not doing anything.
     
  8. brickboy240

    brickboy240

    Messages:
    2,620
    Likes Received:
    0
    Joined:
    Sep 25, 2007
    Location:
    Houston, TX, USA
    Like 99% of what the left does...this is symbolism over substance.

    Cutting 1% of the budget of all govt. departments would yield MUCH more savings...but does not SOUND as good to voters as "I am going to punish the rich people."

    Sad...but true.

    - brickboy240
     
  9. stevelyn

    stevelyn NRA Life Member

    Messages:
    12,205
    Likes Received:
    4,619
    Joined:
    Jun 13, 2005
    Location:
    Fairbanksan in Aleutian Hell
    You have to wonder what Windmill Warren was trying to accomplish when he made that idiotic comment.