It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by Karlhungis
I am curious why so many republicans are so worried about this? Wealth is currently being redistributed from the working class to the upper class. Obama seems to want to give more to the middle class and below, by taxing the wealthy.
I don't understand why it is hunkey dorey to funnel the wealth to the rich, but it is blasphemy to even suggest the distribution of more of the money to the working people?
Originally posted by Raist
I do not feel I should have what I have worked hard for (no matter how little I have) just to give to someone who does not work as hard as I do. In that type of society what is the use in working hard when we all get the same treatment. Should hard work not be rewarded and laziness not be punished?
Originally posted by stinkhorn
Communism only works for those that are on top, you my friend are just a pleebe and will feel the iron grip on your neck in short time, that is communism.
Originally posted by The_Supreme_Chancellor
reply to post by David9176
Ya, I agree. If the government didn't stick it's nose into everything, they wouldn't need as much money from taxes (I don't think they would let us know that they didn't need as much). Everybody would be happy if the government just "buzzed off". Taxes would be lower, and people who don't like the government breathing down their neck would be satisfied. Everyone would win except for some people in the government how just want power and money.
COOPER: It's certainly a question the McCain campaign has kind of been hammering at, portraying Obama as a socialist. You hear that on -- on the Palin campaign as well. Is it working?
GERGEN: They may be making some modest progress with it, Anderson. We did see some evidence of McCain coming up a point or two here and there. I don't think it's anywhere near close enough to win an election. And more importantly, I don't think the Democrats have really answered it appropriately.
You know, Teddy Roosevelt, a Republican, was very much an advocate of what's called progressive taxation. Ad that is the rich pay more than the poor in terms of taxes.
Now, one of the most effective popular programs we've had in the last three decades. It's called the earned income tax credit. It's a program whereby, if you're a working person, a working couple and you're below the poverty line, the government will actually give you money. That's a redistributed program. It's a program which takes money from the upper classes and gives it to the lower -- to the working poor.
Now who started that program? The earned income tax credit? Ronald Reagan. It was one of the -- it was an achievement of the Reagan administration that Bill Clinton then built on.
So I think that these arguments are -- you know, some of them get so carried away that they don't recognize the realities of what we've been going through in public policy and the big arguments about why the wealth over the last 30 years has been redistributed. It's been redistributed upwards.
Other Republican Presidents who supported "redistribution of wealth":
"I believe in a graduated income tax on big fortunes, and in another tax which is far more easily collected and far more effective: a graduated inheritance tax increasing rapidly with the size of the estate.” - Theodore Roosevelt
“Every dollar spent by the government must be paid for either by taxes or by more borrowing with greater debt. The only way to make more tax cuts now is to have bigger and bigger deficits and to borrow more and more money. Either we or our children will have to bear the burden of this debt. This is one kind of chicken that always comes home to roost. An unwise tax cutter, my fellow citizens, is no real friend of the taxpayer." - Dwight D. Eisenhower
In 1986, Reagan signed legislation greatly increasing the earned income tax credit, a credit for low-income workers that reduces the impact of payroll taxes in order to boost take-home pay above poverty levels. When the credit is more than the amount of federal income taxes owed by an individual, that person receives a tax “refund.”
“It's the best anti-poverty, the best pro-family, the best job creation measure to come out of Congress.” - Ronald Reagan
Originally posted by CepheidVariable
And on another point.. it was Karl Marx who believed that the State should nationalize it's banking industry... Sound familiar to anyone?
In the United States, the term "national bank" originally referred to the revolutionary era Bank of North America, its successor First Bank of the United States, or its successor the Second Bank of the United States. All are now defunct.
The top 50% of tax payers have the highest tax burden. Anywhere from 35-45% of taxpayers don't pay taxes, they get a tax return.