by Outcast_Searcher » Sat 27 Aug 2011, 17:17:46
$this->bbcode_second_pass_quote('ubercrap', 'I')'m not sure what you are asserting here. Are you are implying we already tried increasing taxes on the wealthy under Obama and it already failed to the point that we could give a name to this failure?
A fair question.
1). No, I am asserting that constantly carping about successful businesses (and owners) because they are successful -- is highly counterproductive. It hurts confidence, which hurts the economy.
2). I am asserting that it is intellectually dishonest to plan (via the information we get from the Obama administration and Democratic proposals) to raise the taxes of everyone making roughly more than $200,000 -- but constantly use "corporate jet owners" in speeches, to deflect, and ACT like they only want to tax the "super rich".
3). I am asserting that even if item 2 were false, that there are not NEARLY enough of the super-rich to tax to solve anything like the $1.5ish trillion (the figures keep changing) deficits under the Obama administration.
4). I am asserting that even IF enough taxes were raised to solve the problem -- that it would NOT, as BOTH the left and right would find all sorts of "critical" new things to spend the increased tax money on. (Net, just making the economy sicker). Ayn Rand documented what such a strategy could eventually lead to in "Atlas Shrugged" 54 years ago. Of course, the left just mocks that instead of learning any lessons.
...
To be clear, I think we need to fix things with a balanced approach. I think EVERY SINGLE person needs to give something up. I want more taxes on EVERYONE and less spending FOR everyone. I want it proportional so we ALL "suffer" some, but end up on a financially stable path. I think the vehicle would be some sort of iron clad Graham-Rudmann style discipline.
To be realistic -- I don't think it will EVER happen. The various interest groups are too conflicted and won't compromise. I think we will go over the financial cliff together, arguing about it as we fall.
I am merely pointing out that the path we're on is disastrous, and the political rhetoric we are getting from Obama is making it worse (IMO).
And, sad to say, I believed in this guy, and I enthusiastically voted for him.
I hope that clears things up a bit.
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.