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Originally posted by schuyler
By freeing up money to expand businesses instead of having it confiscated by the government for 'redistribution.' Bear in mind that this is my money that I earned by playing by all the rules. It's just a matter of whether the government takes it or not. Although I do not consider myself rich, you probably do, despite the fact that I live modestly. I don't drive a Lexus; I have a ten year old Chevy. I have almost enough money to expand my business into the next state over. I have eight trucks now and have a presence in every city of any size in my state. I would like to expand into the next state where I believe I could get five more trucks. I already provide jobs for fifteen people other than myself These are above minimum wage jobs, though not really ritzy ones. I work one of the trucks myself. I could probably hire up to 8 more people and carry them for six months hoping they would become profitable within that length of time. It's a big risk for me, but I've done this for awhile, and if my business plan is sound, it should work. That would "expand the economy," wouldn't it? On the other hand, if I spend this money and for some reason the business fails to take off, I could lose the entire business. It's not a sure thing.
But right now I don't know what this confiscatory government is going to do to me. The amount of extra taxes they say they want to take from me will make the difference in whether I can do this or not, whether I can afford to expand. My "gains" would still be modest, but I would be providing jobs for a few more people.
That's what socialism does to you. It saps your willingness to excel.
Originally posted by 46ACE
Originally posted by thewholepicture
Once again when has the tax cuts ever given jobs to Americans?
I want to see.
is that over the last 10 years our unemployment has fallen to unforeseen levels
I will remind you "conservatives" that Bush initiated the tax cuts as well as initiated the bailouts.
Democrat, Republican, all puppets for the bankers
Have you ever gotten a job from a poor person? No... me neither..
Originally posted by thewholepicture
Originally posted by 46ACE
Originally posted by thewholepicture
Once again when has the tax cuts ever given jobs to Americans?
I want to see.
is that over the last 10 years our unemployment has fallen to unforeseen levels
I will remind you "conservatives" that Bush initiated the tax cuts as well as initiated the bailouts.
Democrat, Republican, all puppets for the bankers
Have you ever gotten a job from a poor person? No... me neither..
Good point, but let me ask, with the mass change in distribution of wealth where the rich keep getting richer and poor and medium class keep getting poorer, and the mass legislation that only helps big corp, how is it possible for people to have the chance to succeed and help the "poor" by starting new companies that will create new jobs?
Obviously the corporations and there rich owners, have enough money to buy legislation in there favor, so why don't they have enough to pay a little more to help those who work for them?edit on 10-12-2010 by thewholepicture because: (no reason given)
Originally posted by thewholepicture
reply to post by 46ACE
The issue here is not whether to raise there taxes, it's whether to keep giving them the supposed "temporary" tax cuts Bush imposed to help stimulate the economy.
Has this worked?
If you say yes, PROVE IT!!
Originally posted by Flatfish
reply to post by 46ACE
Apparently you've had a radically different experience, as an employee or business owner, than the one I lived through.
As a union longshoreman, working around the clock was just part of the job as the ships had schedules to meet and the loading/unloading process was usually expedited to accommodate them. During the rapid deployment stages of "Iraqi Freedom" I personally worked 24/7 for three and a half months supervising the hiring and placement of over 600 longshoremen per day. It nearly killed me. During that time we sent three fully loaded RO/RO vessels on their way to Iraq every 30 hrs. while simultaneously receiving inbound cargo by rail, truck and air from every military base involved in the rapid deployment.
As usual, the owners of the stevedoring companies employing our longshoremen went home every night, played golf twice a week and even had time to go to church on Sundays. Maybe all the stress wore them out so they needed the extra R & R.
You sound to me like someone who has never really had to "Work" for a living.
Originally posted by lpowell0627
When is the last time a poor person offered you employment?
Taxing the rich does not take away from their income, nor lower their standard of living as some would hope. Rather, it tends to take away from the amount they invest in companies, start-ups, expansions, etc. The last three items being job-creators. Obviously this is a generality and as always there are exceptions.
Does it help small businesses? No, not usually. But when faced with an unemployment rate of nearly ten percent -- we need people working. Whether it's as a customer service rep for a Fortune 500 or a stock boy for Wal-mart -- now is not the time to nitpick where these jobs are created, so long as we get people back to work.
Of course, expanding the Federal Government to create jobs is not the answer since it's the taxpayers that ultimately pay these salaries and in case you didn't hear -- we are already broke.
We need to put the money in the hands of those most likely to spend it. That would be the rich.
Edit to add: If you look at many of the arguments in favor of taxing the rich, it boils down to jealously. Would I love to have millions at my disposal? Sure. But I don't. I also don't begrudge those that have attained wealth and are in control of the marketplace and the direction in which businesses head.
People are quick to say "he/she has too much money, it's not fair". But they don't take the time to see where that money goes and how it does benefit those of us with less.
Again, poor people can not offer you employment.
edit on 10-12-2010 by lpowell0627 because: additional ramblings
The overseas second home market in 2010 is likely to be characterised by cash rich, lifestyle property investors who will take advantage of lower prices in traditional holiday hotspots, according to a new report. France, the Spanish Balearics and the Algarve were the most popular second home locations in 2009, the survey by Savills International and HomeAway.co.uk also found. The research found that it has been buyers with a higher disposable income, and who are therefore less mortgage reliant, who are buying. They are taking advantage of price decreases of up to 30% even in the most sought after locations and are therefore able to invest in such high end properties at a discount. ‘In 2010, the overseas second home market will be characterised by cash rich, lifestyle buyers benefiting from lower prices in traditional, established holiday home hotspots,’ said Charles Weston-Baker, Head of Savills International.
Originally posted by ACTS 2:38
Let see now you and I are average people we purchase most all of our goods from the rich.
So the more you tax them the more you pay for the goods, and guess what you also pay your income tax, property tax, fuel tax and any other fees the government deems useful in easing your pockets of that worrysome money you lug around.
So yea more tax on the rich seams wonderful cause you like to pay more for goods and services
Originally posted by laiguana
We we need is tax cuts for small business not rich individuals...that's absurd...small businesses are more able to hire skilled workers, and like someone else mentioned in this thread, the rich will only hire low wage workers
Originally posted by lpowell0627
reply to post by aching_knuckles
Outsourcing. A rich man's creation? Hardly, rather the greedy government, desperate for even more money to spend, created the problem of outsourcing by making it financial suicide to operate and hire within the US.
Nobody said rich people are stupid. If they can hire someone for 1/5th the cost here, why shouldn't they? Don't you pay 1/5th less on the same product when you can?
The problem is that we need legislation to make it beneficial to hire and operate here. "Rich people" didn't create those laws -- politicians did.
Originally posted by Flatfish
reply to post by 46ACE
Apparently you've had a radically different experience, as an employee or business owner, than the one I lived through.
As a union longshoreman, working around the clock was just part of the job as the ships had schedules to meet and the loading/unloading process was usually expedited to accommodate them. During the rapid deployment stages of "Iraqi Freedom" I personally worked 24/7 for three and a half months supervising the hiring and placement of over 600 longshoremen per day. It nearly killed me. During that time we sent three fully loaded RO/RO vessels on their way to Iraq every 30 hrs. while simultaneously receiving inbound cargo by rail, truck and air from every military base involved in the rapid deployment.
As usual, the owners of the stevedoring companies employing our longshoremen went home every night, played golf twice a week and even had time to go to church on Sundays. Maybe all the stress wore them out so they needed the extra R & R.
You sound to me like someone who has never really had to "Work" for a living.
Originally posted by thewholepicture
I will agree that the wealthy pay more in taxes than any other tax bracket, but that is because they can afford it.