Obama proposes change in Social Security tax

Big · 06-13-2008, 09:28 PM

Look what business has done to America with all the tax cuts in the world? Record debt, real estate disaster and high food and gas prices.

UGLY · 06-13-2008, 09:36 PM

What part did business play in high fuel costs, food costs or the debt. The housing market is partially businesses fault but not entirely, people were getting into bad loans without knowing the facts.

Big · 06-13-2008, 09:39 PM

Fewer taxes equals bigger debt. High fuel and food cost are the result of globalization, touted by business.

Cyclone85 · 06-13-2008, 09:46 PM

The income tax cuts (39% down to 35 or 36 percent, and from 15 down to 10), and the reduction of capital gains taxes from 20% down to 15 and 10, has nothing to do with the problems you're mentioning below. Completely unrelated.

The debt is the cumulative insult upon the tax payer by the crooks and criminals in your government; they love to spend more than they take in. Big, you've already correctly identified some of the reasons for gas & oil prices, so you know darn well that it has nothing to do with taxes. Nice try though!

Originally Posted by Big

Look what business has done to America with all the tax cuts in the world? Record debt, real estate disaster and high food and gas prices.

UGLY · 06-13-2008, 09:48 PM

Originally Posted by Big

Fewer taxes equals bigger debt. High fuel and food cost are the result of globalization, touted by business.

I dont know how explain it but you are wrong. Less taxes equals more discretionary income which equals more consumer spending which equals more sales tax paid and an increas in GDP. Something like that one of the economist on here can explain it better.

Big · 06-13-2008, 09:54 PM

Originally Posted by UGLY

I dont know how explain it but you are wrong. Less taxes equals more discretionary income which equals more consumer spending which equals more sales tax paid and an increas in GDP. Something like that one of the economist on here can explain it better.

If people have to pay more for fuel and food then they don't leave as much money for something else, like taxes.

Cyclone85 · 06-13-2008, 10:06 PM

lol....God Love Ya Big!

If you want to see what high taxes do to the world economy, just pretend that the 13-fold increase in oil and and 3-fold increase in gas is an extra tax on your family. There are food and gas riots all over the world. That's why countries that subsidize gas will continue subsidizing it. If they remove it, it will lead to civil riots on a mass scale.

So, if you want to cause additional pain and suffering to everyone, go ahead and increase their income taxes. It causes people to shut-down their spending which (by the way) represents 2/3 of the U.S. GDP.

Originally Posted by Big

If people have to pay more for fuel and food then they don't leave as much money for something else, like taxes.

Big · 06-13-2008, 10:10 PM

Perhaps American GDP is a fake. Its not real if most Americans are in debt and the country is in debt. It is all based on some imaginable hope of paying it later.

Cyclone85 · 06-13-2008, 10:17 PM

Consumer debt is a concern, but it doesn't concern me as much as the legislators who have spent the entire wealth of its citizens.

Originally Posted by Big

Perhaps American GDP is a fake. Its not real if most Americans are in debt and the country is in debt. It is all based on some imaginable hope of paying it later.

Big · 06-13-2008, 10:18 PM

Originally Posted by Cyclone85

Consumer debt is a concern, but it doesn't concern me as much as the legislators who have spent the entire wealth of its citizens.

Nearly a trillion on the wars the last few years.

Obama proposes change in Social Security tax

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