Well, now I've seen everything. The person who doesn't represent the status quo economic policy is "too risky"; the person who isn't part of the political party responsible for six years of disaster and is obstructing change is not the politician of "change"; and now the person who doesn't want to keep troops in Iraq for "a hundred" years is the one trying to stall then from leaving.

Bra. Vo.

 

Oh, and this might have something to do with Obama's concerns.

 "I'm not a fan of McCain or Obama".   This is hee larious.

Unless you're the CEO of a huge corporation, you won't have to fear the "redistribution of wealth" when you vote for Obama.

Maybe you missed this from another blog yesterday

Who gains, who loses

Audrey,

The wealth redistribution statement still stands.  Under Obama's plan, 95% will get a tax break which will be funded by the remainging 5%.  However, why should I have to help fund the tax break for 95%?  I work very hard to get where I'm at and still work 12+ hours a day to maintain my lifestyle.  Who is Obama to say that I need to be taxed more while the rest of the folks get a tax break?  I was told that this is the land of opportunity and that I will succeed if I worked hard.  By the way, you don't have to be the CEO of a 'huge corporation' to fit in Obama's $250K tax plan.  This could be any family just struggling to maintain their life style.  Even if you are the CEO of 'huge corporation' making lots of money, isn't that the capitalist society we all voted for?

Why should they have had to foot the bill for *YOUR* tax break?  Are you saying you can't make it without a tax break?

I'm so sorry you have to struggle to maintain your lavish lifestyle. Gosh, how many times do you go out to eat each week? Poor thing, can't even afford to cook at  home. You have no clue what it's like to struggle. If you're in deep debt because you chose to get 3 mercedes, 3 BMW's, and an escalade, and still be able to heat your olympic size pool while you're out playing golf, that's not struggling. If you can't afford to fix your car, are behind on your mortgage, and your paycheck doesn't last the weekend because of bills and groceries, that's struggling. Get over yourself. You've been getting huge gifts from the Bush trickle down economy. It's time to pay the piper. Don't expect even a little sympathy from me. If the trickle down economic system actually worked most of us wouldn't be so screwed. 

" Don`t cry because it`s over, just be happy that it happened !"

The Cat in the Hat....

casooner90  "why should I have to help fund the tax break for 95%?"

The real question is why 95% of the people should have to fund YOUR tax break? We have been. 

Bingo PP

You guys are too funny.  Let me drown out another assumption about me.  First of all, I worked through college and funded my own education.  Nothing was ever handed to me.  I lived on potato burger, potato pancake, potato salad along with $2 ramen noodles on double coupon day so don't give me this crap about spoon fed BS.  While you were too busy buying the latest cell phone or TV with your welfare checks, I've gotten my self out by making these sacrafices.  Everything I have is what I deserve through suffering, perseverance and dedication.  I'm not rich by any stretch of imagination, but I am comfortable because of my years of hard work.  Now you're telling me that I have to share what I worked hard for?  Get real.  There is no way I should have to pay higher taxes so Obama can give it to those that isn't willing to make the sacrafices in their early years. 

If you're pointing to the corporations and their tax breaks, did you forget who creates jobs?  Let me give you a hint - It's not the folks on welfare.

The Corporations that are fleeing overseas? You are so special. Hope you didn`t invest in America because you are sunk, all that hard work for nothing. Accelerating sell-off ...hope you retained you taste for potatoes.

Casooner.  Good post.  If you have not figured it out yet, the other posters on your blog are radical Left Demos. who strongly believe in income re-distribution.  They are the kind that say "Don't confuse me with facts, my mind is made up.

Fact: " The economy is fundamentally stable"......in Dubai

Radical dems or not, where is the rationale?  Why do they think the hard working folks should share?  The last time I checked, this is still America where we are suppose to live an American dream.  We don't live in a socialist or communist country where the state decides what we should be alloted.  If you work hard, then you deserve what you have.  If you want to share, that is your choice (and I have  - give over 10% of my NET income every year).  But, government shouldn't be allowed to force me (through taxes) to share.  Like I've said in another post, I don't know of any examples where goverment has done something well - including taking my money and giving it to someone else as if they are being chartiable. 

The corporations that are fleeing America is becuase of the Union system we have in this country.  Please understand that every corporation is out to meet or exeed share holders - people like you and me that invest in these companies.  They are not fleeing US because of labor quality, natural resources or any other reason than lower wages to stay in the black.  The recent melt down is because of our own doing - buying house on a zero down and increasing interest rate is never good.  The rates will go up some day and your cost of living will increase.  Stop this insanity of blaming others and waiting for the goverment to bail you out.  The government doesn't generate income, they only tax others or print out more paper.

I'm sorry, but if you're making over $250k a year, you're rich. Granted, you aren't rich by McCain standards, but still. 

When you were struggling to work your way through college, did you ever think, I wish I was paying more taxes so the rich guyys could create some jobs for me? Of course you didn't.

I just think it would be nice for more people to have the same opportunity that you did.

It`s your goverment, sad isn`t it ?

Pete, you keep talking about the $250K and I guess that is because Barry is repeating it like a mantra.

But has he ever said it is before AGI, or Below the Line?

Did ne ever say SubChapter S's are exempt? Partnerships? Other forms of LLC's (small businesses).

I haven't heard him delineate that.

And buddy, if it is $250K Above the line (before AGI) then that is going to encompass most small businesses and prices will go up like you wouldn't believe. You won't have to worry about your tax relief -- it will be spent and then some.

So, we need some more info on Barry's  "Plan" don't we? I need some specifics because its not as simple as the $250K and above mantra.

The last time I checked,

Rule of thumb:  anything following those words can be safely disregarded without missing anything important. 

Neverleft  -- half of Barry's 90% that will get tax relief don't pay any taxes to begin with (UIC types).

So how can they get a tax break? Of Coors, its income redistribution as you allude. They will get paid. for doing essentially nothing. -- real productive and incentive driven that, right?

But it is in the small business area where Barry will kill us (all of us - rich or poor).

Profit margins will remain the same, taxes will be passed on, and we will all pay more. This will mean more in other kinds of taxes too for sales taxable items, property taxes for higher bldg costs and AV's, and everything else that will go up with inflation. Int rates will rise (ala Jimmy Carter) to tamp down inflation, the economy will stagnate and wala!

we will have

The Second Coming of Jimmy Carter.............. Stagflation! 20+% int rates, GDP drops successive quarters on end, USD worse than now vs. world currencies with out Barry's guidance, Unempl @ 10%+................

PP2, $250K range is not rich.  Granted, this might sound rich to someone with household income that is much less, but it really isn't.  If you're looking a mortgate, car payment and couple of kids in college, this really isn't that much.  This is dual income working full time for most folks.  Lastly, it really doesn't matter how much people make.  It's about working hard and getting what they deserve.  This isn't your money.  This income doesn't go into community pool.  Only in communisim.

When I was in college eating potato stuff, I didn't think about taxes.  However, I was in no situation to create economy other than to spend what I had.  If you're asking did I think it was fair back then, I say yes and I still say yes because my tax base is based on percentage of my gross income.  Should corporations get a tax break?  Probably not.  However, do they benefit your community when one of those moves into your neighbor?  Yes - because they create economy.  So, you can not give a tax break and take your chances on whether the company stays in your neighbor or not.  They are free to build where ever they choose.

I don't know how to make this arguement any simpler.

It is SubChapter S's, etc. that Barry's plan will hurt more than individuals.

Then higher prices will hurt everyone.

To argue it from individual rates and situations really plays into the sophomoric debate being parlayed by Barry and the Dems.

I understand what you're saying, but historically, when taxes for the rich are cut too much (as they are right now) the economy as a whole suffers. Look at how good the economy was during the Clinton years. Everyone was making more money, not just the rich, but the rich had to pay more in taxes. I made more money in 1998 than I do in 2008. I know what you mean about wealth distribution, but I also don't really think that it's right that people can just sit in front of their computers and play the stock market and not get taxed the same as someone that is a career blackjack player. It's also not right that big corporations can pay their CEO's and other high office holders massive bonuses and they don't get taxed the same as the person that won on a game show. We can't put too much tax burden on people that are blue collar type folks that work very hard at laborious jobs only to suffer from economic hardship. Right now, simple things such as bread have doubled in price in the last few years, yet income hasn't risen to match that increase. I imagine the price of bread has way more of an impact on me and millions of American families than it does you. You might not even have to pay attention to things like that. The other byproduct of the economy of today is that families are either forced to have 2 breadwinners and latchkey kids, or the family ends up dissolving due to economic hardship. That's not the American dream, that's an American nightmare. By you and those making way more than you do, giving up just a little bit of your money, millions of families could benefit rather than perish.

Obama has shown that he understands what we're going through and wants to do something about it. 

Of course you're leaving out incentives and write offs that greatly lower the percentage rates.

The Clinton years were  "good " because of a Republican Congress.  (economically at any rate -- also a hi tech bubble, etc. -- DOW ended at 10K when Clinton left office)

You can lead, follow, or just get out of the way as POTUS and Clinton was street smart enough(economically)  to do the latter .....

I know you won't agree but thats OK.

(also your effective tax rates argument was why I was asking if his $250K was above or below the line)

Chico  -- "The blankety blank Germans got nothin to do with it!"

  Name that movie.

  Casooner90  -- 

"I don't know how to make this arguement any simpler." ....... I don't think you could.  Sensible folks will all agree.

And Pete, we killed three sows, one boar, and a piglet this weekend. Spent half a day parting them out but freezer is full for winter.

Palin economics -- they do work!   '-)

Smokey and the Bandit:

Sheriff Branford: The fact that you are a sheriff is not germane to the situation.

Buford T. Justice: The god damn Germans got nothin’ to do with it.

He then went on to splain Sub Chapter S Corps and their implications and ramifications as juxtaposed with the mythology of the small town Sheriff...................

And Pete, we killed three sows, one boar, and a piglet this weekend.

You don't think Palin actually raised animals do you? Nah she prefers to shoot em from a plane. Raising them is too much work. Remember this is the gal that hired an assistant to do most of her job as governor. She just made the appearances.

Chico, you explained what I would have had to look up.  You must be a numbers guy.

One more - I don't get great deal of enjoyment from arguing with the folks on this site representing the democratic party.  However, I do think everyone should understand the underlying fundamental differerences between the parties.  And of course, I am doing this for my selfish reason which should be beneficial to all - lower taxes.  I also wholeheartedly agree with Chico's statement that any tax on corporation will be passed on to the consumers because of the thing about meeting the share holder's expectation.  One more thing, once levied, taxes will never go away.

What happend to the tabacco tax, the junk food tax, indian casinos?  Weren't they suppose to bail California out of this mess we're in now?  Taxes just makes the government fat.  They have never done anything well except for the military.

The more money Congress gets from taxes the more they will spend on income re-distribution, give away programs that just make people dependent ( this is how they build their constituency to get more do nothing Democrats) and pork. In the meantime small businesses will, as Chico says, either lay off employees, go out of business or raise prices.  Any way you slice it the haves are having their money taken away to give to the have nots. This is Socialism, pure and simple.

Yeah neverleft -- Obama actually had the temerity yesterday to talk about McCain being in bed with Fannie & Freddie ..... Wow! Given that He, Biden, Dodd, HRC, Kerry got more money from them in donations than anyone else, that's some really good chutzpah isn't it?

Of Obama's 90% he's giving tax breaks, half don't even pay taxes (there's your redistribution) and the rest pay less than 10% of them.

Of course the big thing is the affect on SubChapters S Corps, Sole Props, and Partnerships (small businesses) but the Rachel Maddow (ostrich neck with mole) don't know a SubChapter S from a chapter in Mao's Redbook, trying to discuss it with them is like talking to kozy......... IOW an exercise in futility.

When prices go up concomitantly with the raise in CG Taxes, incremental rates on small business, int rates to offset inflation climb well into double digits, unemployment is above 7%, and GDP goes negative for successive quarters -- they will just blame Bush............

And then they keep harping carping on McCain and his statement about fundamentals and the previous recognition on his part that he is not an expert in economics. At least he was being candid. Something the Libs never will comprehend........