White House Gives In On Bush-Era Tax Cuts

I know this has already been pointed out but they just can't seem to get it. If we are giving money to the most wealthy Americans assuming they will invest and put that money back into the American economy you are insane. More likely they will outsource to a third world country and you same people will *** about all the outsourcing tomorrow.

In addition to that I hear a lot of people saying Obama needs to freeze spending which is *** anyone who has taken any economics should know that to stop spending during a recession is like shooting yourself in the foot. The ONLY way to get out of a recession is to spend money and in doing that raise GDP. The components of GDP are Government Spending, Consumer Spending, Investments, and Net Exports. If the government spends money on projects that create jobs that does not only count as government spending but it also provides jobs which provide workers with money and they then spend that money increasing consumer spending. This as opposed to a tax cut affects multiple factors in the equation not only one. It is important to apply real economics to these problems... I would prefer to have politicians who knew economics better than politics.

Look we've already established that one side of this forum thinks that raising taxes on the 1% won't be a bad thing and the other thinks it will be a bad thing. You don't need to restate that. but you should at the very least explain why it wont make things worse.

luckily there is so much wealth that just sits to collect dust!

How can I legitimately explain something when it's speculation?
Care to make a short prompt of your explanation and I'll do one in kind just to humor you?
There are holes in the argument on both sides of the field is the main reason. Waste of time to make an argument just to get holes shot through it IMO.
Since we are talking in what if's and living in fantasy land.
I don't like to get too vested into fantasy land because I am a man of the present. Stresses me out when I do actually.

Essentially arguments on a website such as this about things that are not yet in reality can't be argued effectively.
I wouldn't have made the argument for or against taxes because there are all too many variables to be accounted for and my perfectionist part of my being doesn't allow me to take a jump making statements when I stated before that I don't really know as much about the subject?
Or did you forget that?
You know what happens to be if we get another tax cut?
I get money that I honestly didn't really need :/
Do you know what happens if the top 1% gets a tax increase?
Not ***to me.
That's my main point if that makes any sense.
I make by with what I make and have invested and saved accordingly.
Do I really need or want extra money? Yeah it would be nice but I'd rather it be put to better use :/
That's me being selfish and only caring how it effects me. That should be the basis of how you see things, and then further on that point you can look at the government and all that :/
taxes wouldn't hurt me, and technically they wouldn't hurt the 1%-ers either.
My focus is enjoying my life over making as much money as I can.
I wish more people saw it that way but eh :/

OK listen

Every time we have cut taxes in the past, GDP and revenues to the government have gone UP. What possible reason is there to think that this would not happen again if we cut taxes again?

It is not just about raising GDP... I don't deny that it will raise GDP but I would argue that the majority of the GDP raise would come from the assistance it gives to the middle/low class instead of those in the top tax brackets. That is why I would be for repealing the tax cuts on the most wealthy citizens but leaving in effect on the less wealthy citizens. Some may claim this is unfair but the fact is we all have to make sacrifices to help our country and the fact is that if we can't recover we won't be around.

GDP and revenues went up?
What about the debt?
What about inflation?
:/
lots of things to consider :/
I'm not saying that inflation increase because I got a little more spending money.
I'm saying that it makes sense that it would since well...I dunno we get tax cuts and government debt spirals out of control..kind of makes ya think :/

lol

This whole thing started with you saying that letting the cuts expire on the rich would harm the economy. Then proceeded to argue that it would create jobs. I proved you wrong, so then you just went back to your original statement.

Thanks for letting us get a peek into the tea party's mind set.

This entire argument is pretty much based on if you think you should keep your money or if you should give your money to the government.

Some think they should get to keep the money they earn on their own.

Others think the government should get to spend on X programs that benefit everyone.

All the bitching isn't going to change anyone's opinion.

My own opinion is tax me for the least amount as possible. Armed forces, police/fire, infrastructure, and schools (maybe).

*** health care for everyone, *** social security, *** relief efforts in any part of the world that isn't our own etc. I don't care if the poor are sick, dying, uneducated etc. You don't want to be? Fix it yourself. Anyone who asks me to give up a dollar of my money to help someone else can suck a ***.

Am I selfish, terrible person, etc? Don't care.

I have the right to be a *** if I want to, pretty sure that's in the Constitution somewhere.

I"ll keep voting for whoever is closest to my line of thinking, you vote for whoever you like, and we'll see who comes out on top.

Shits not looking good for the left in 2012 though, just sayin. The breakdown of the senate seats going up in 2012 favors heavily to pubs picking up more seats.

Also, before you label me tea party or some other ***, I think the left and the right are equally corrupt and full of ***.

You didn't prove me wrong, and you never ever made a case for your own argument. Perhaps you're still sore about loosing the house last tuesday.

Care to reply to mine, since I actually answered you seriously :/

/nod
At least someone understood.

Yes GDP went up
Yes inflation went up
Yes debt went up too

BUT

Like it or not, just about everyone's standard of living WENT UP and it was at least in part because the government let everyone rich and poor, keep more of their own money. If they choose to confiscate it by raising taxes, then peoples standards of living will go down.

I don't know how to make you feel any better about this, it is what it is. Letting people spend and invest their own money the way they want to will almost always produce better results than having the government do it for them. The government cannot make better decisions for you than you can. It's inefficient, costly, and almost always inferior.

EDIT:

Furthermore you cannot hold the tax cuts responsible for the over-spending of the government.

And I'm fine by that :/
But that's where wealthy individuals may come in and use their money to effectively change the state of things or decide to do w/e....not saying all the wealthy don't....but it's a bit apparent something's wrong with the distribution of wealth, can you agree on that?
This is me saying this while not needing or wanting extra money from people mind you.
I know quite a few people now that have these college degrees(masters or otherwise) with nothing to speak for them...which just means there are a lot of things broken nowadays that people who shelled out thousands into something they enjoy or want to do end up having to do a free for all of sorts in the job market.
But recently it's seems like it's not been as bad as it has been for the past two years.

Not the gov's job to distribute the wealth. Let the people do it on their own. If you are too stupid to obtain wealth then you don't deserve any.

Edit: People are foolish to assume that college = money. All college does is agree to provide you knowledge or skills for your payments. What you do with that after you graduate is your own problem. Not the government's problem and def not my problem.

Life isn't fair, deal with it. Don't like your life? Make it better.

NO. You speak about wealth like there is only so much of it to go around. Wealth can literally be created out of nothing. This is illustrated by the modern world around you.

If wealth were limited I might have a different opinion of how it should be distributed, but since ANYONE can make it from not much more than ideas they have in their head, my response to the people who complain about not having any is "GO MAKE SOME!!!

You need to try harder SR, i'm still laughing at how pathetic you are.

At least 3 things we can agree on are

1. The system is broken.

2. Bailouts are ***.

3. Any government shouldn't and can't do everything.

Anyone disagree with any of these 3?