allistar Posted February 8, 2009 Report Share Posted February 8, 2009 From the article, it sounds like the lower economic class in the U.S. has found its own "loophole" in the tax law to use, just like the upper third and corporations have used for years. I've been for a more streamlined tax code for years, where most deductions would be eliminated most people/business paid their fair share of taxes (I'm not gong to define "fair share" here). I don't believe in "entitlements" or getting something for nothing. I would be a lousy politician. Link to comment Share on other sites More sharing options...
Bangkoktraveler Posted February 9, 2009 Report Share Posted February 9, 2009 It started going downhill when Frede got banned. :smirk: Link to comment Share on other sites More sharing options...
FarangFatal Posted February 9, 2009 Report Share Posted February 9, 2009 I haven't seen jack! Tax cuts r waht ever.. go a check for some simulus and spent it on condoms and viagra! A couple of bar fines outta some bar on Soi Bangla and that was that for stimulus... Yeah Yeah, some guy bought shoes for hios kids./....I bought shoes for some Issan kids same same but I got to fuck his mother! Link to comment Share on other sites More sharing options...
Old Hippie Posted February 10, 2009 Report Share Posted February 10, 2009 The hypocrisy of the GOP leaders is amazing! Their only solution is to cut taxes on the rich. Well, I'll blame both parties as hypocritical. We need to face facts, it is socialism for the rich, and capitalism for the poor and middle class. Both arms of the same evil animal, and it won't stop until we make it stop, which we won't do. Link to comment Share on other sites More sharing options...
cavanami Posted February 10, 2009 Report Share Posted February 10, 2009 The poor pay little or no tax! Talk of cutting the tax for the poor is all hog wash. The middle class bear the bulk of the tax. The rich have their loop holes and off shore accounts. This is the quick and easy analysis. If the US gov wants to make a difference, cut the tax for the middle class, end of story, let's get the economy moving!!! Link to comment Share on other sites More sharing options...
Old Hippie Posted February 10, 2009 Report Share Posted February 10, 2009 Exactly! Cut taxes, people have their money, they either save, spend or invest, and all 3 are good for the economy. Link to comment Share on other sites More sharing options...
.. Posted February 10, 2009 Report Share Posted February 10, 2009 Cut tax is just stupid. No one is making money. The best thing is to increase "welfare." ALL that money will a) help those who need it and insert $$ into the economy because the poor have no choice but to spend it! Much more complex than that, but that's truth in a nutshell! Cheers, SD Link to comment Share on other sites More sharing options...
unit731 Posted February 10, 2009 Report Share Posted February 10, 2009 I took two courses at university level in economics and received a B- for each semester. So I know a little about economics! And . . . there is a lot of bullshit in some of these posts !! Link to comment Share on other sites More sharing options...
gobbledonk Posted February 10, 2009 Report Share Posted February 10, 2009 I took two courses at university level in economics and received a B- for each semester. So I know a little about economics! All due respect Unit731, I worked at a very large university here in Oz for 4.5 years, filled to the brim with 'geniuses' ofr all persuasions. The Vice-Chancellor is an economist, and his doctoral thesis was, by all accounts, ground-breaking. He has held high-level roles in universities in both the UK and Oz, and when I left the place in utter frustration, it had gone from a $300 million a year dreadnought to an institution struggling to survive financially. Whilst some of the reasons for that were out of the VCs control, we all had the distinct feeling that his actions were driven by his dogmatic adherence to a belief in his own theories. Keynes and Marx both had wins and losses, but I doubt that anyone would try to run a business based purely on a single strand of economic theory - academics dont seem constrained by that sort of common sense. While I agree that some board members have some 'out there' ideas on how it all works, how many world leaders have a handle on current events ? History has also shown that some of Australia's best Treasurers have had absolutely no formal background in economics - I dont have a source for that bold statement, but I do know that I no longer equate formal qualifications with real world ability. Your mileage clearly varies. Gobble Link to comment Share on other sites More sharing options...
rchapstick Posted February 10, 2009 Report Share Posted February 10, 2009 Have hardly heard a peep out of RChapstick or Khun Kong lately. :smirk: It's called "employment", and in this day and age, one is happy to have it and work hard to keep it. Not much time for posting on the board. IMHO, this whole stimulus debate has brought out the worst of all sides of politicians ... the dems who are trying to load every conceivable piece of social spending into the mix, the reps who are angling for even more tax cuts for the wealthiest, and the partisan bickering that entwines the two. Surprisingly, Obama seems to be the only voice of reason. The problem with just cutting taxes is that no one is spending. Everyone is afraid that their next paycheck will be their last. A tax cut will likely result in more hoarding, and will not increase the level of economic activity. So I think some degree of government spending on things like infrastructure that will generate well-paying middle class jobs is laudable. Back to work ... Link to comment Share on other sites More sharing options...
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