"Redistribution of Wealth"

veni vidi vici

veni vidi vici

Active Member
Originally Posted by sickboy
http:///forum/post/2814468
But, a spending freeze would wreak havoc on our economy, but go figure the guy that doesn't know anything about economics suggests this. This would be worse than increasing taxes....
Are you suggesting that a Lawyer would know more about economics than a retired Navy Pilot.

A spending freeze right now sounds like a real good idea to me.
 
stdreb27

stdreb27

Active Member
Originally Posted by sickboy
http:///forum/post/2814468
Well, I would say its obvious that most people in the middle class work, so not paying as much in taxes.
I'm all for the don't pay as much in taxes, but there is no way that either Obama or McCain will drastically cut spending so someone has to pay for it. I would much rather cut out a lot of gov't spending as most of it is not needed. But, a spending freeze would wreak havoc on our economy, but go figure the guy that doesn't know anything about economics suggests this. This would be worse than increasing taxes....
So, if it is work who hires the middle class? The top or the bottom?
 
veni vidi vici

veni vidi vici

Active Member
Originally Posted by sickboy
http:///forum/post/2814469
What's downturn? The global recession? Yes, I left out 2008 b/c it not over yet and the IMF estimates the future quarter if that's what you mean.
Estimates .....Polls bla ,bla, bla........
America will come out on top stronger than ever.We always have and will.Unless we "CHANGE" into Europe and its ideas.
 
sickboy

sickboy

Active Member
You must have added a line since I quoted you....
You think there is a liquidity crisis now, wait until you see what happens when there is a spending freeze. Correct me if I'm wrong, but he said he want to keep military and a couple 'main functions of government'? and what function? Will construction workers loose their jobs? Will old people get SS or Medicare? Will Medicaid be paid? Pell grants paid? Think about everything the gov't pays for and then pull out almost all of that money. Devastating......
 
sickboy

sickboy

Active Member
Originally Posted by stdreb27
http:///forum/post/2814472
So, if it is work who hires the middle class? The top or the bottom?
The top and it lowers their tax liability by increasing costs.
We just continually go in circles, huh....
 
stdreb27

stdreb27

Active Member
Originally Posted by sickboy
http:///forum/post/2814475
You must have added a line since I quoted you....
You think there is a liquidity crisis now, wait until you see what happens when there is a spending freeze. Correct me if I'm wrong, but he said he want to keep military and a couple 'main functions of government'? and what function? Will construction workers loose their jobs? Will old people get SS or Medicare? Will Medicaid be paid? Pell grants paid? Think about everything the gov't pays for and then pull out almost all of that money. Devastating......
That is not the definition of a spending freeze.
 
sickboy

sickboy

Active Member
Originally Posted by Veni Vidi Vici
http:///forum/post/2814476
There goes you credibility right out the window.

Why? Law uses logic, economics uses logic, Navy officer uses following orders. (No disrespect intended towards those in service, I have many family members that are either currently serving or retired) More than likely Obama had to take at least one class in economics and probably more, how many did McCain take? Probably none. And even if he did, he was a horrible student....
So please explain why....
 
veni vidi vici

veni vidi vici

Active Member
Originally Posted by sickboy
http:///forum/post/2814475
You must have added a line since I quoted you....
You think there is a liquidity crisis now, wait until you see what happens when there is a spending freeze. Correct me if I'm wrong, but he said he want to keep military and a couple 'main functions of government'? and what function? Will construction workers loose their jobs? Will old people get SS or Medicare? Will Medicaid be paid? Pell grants paid? Think about everything the gov't pays for and then pull out almost all of that money. Devastating......
Would you like to see every job in America provided by the government? I would like government keep out of the private sector and let the economy sort itself out.If im not mistaken the Government had a big part in the crisis at hand.
 
stdreb27

stdreb27

Active Member
Originally Posted by sickboy
http:///forum/post/2814478
The top and it lowers their tax liability by increasing costs.
We just continually go in circles, huh....
I disagree, we aren't that far apart. We are just pointing at two different points of the time line. You think that the middle class drive the economy through spending. (I'm not against this concept) But go farther up the food chain. If the middle class drives the economy through spending and this is funded by work, which they are hired by the rich. (ignoring party affiliations) could you not reach the conclusion that the rich drive growth by hiring the middle class, which funds the main driver to our economy middle class, spending?
Could this not be the trickle down which Reagan espoused?
 
sickboy

sickboy

Active Member
Originally Posted by Veni Vidi Vici
http:///forum/post/2814489
Would you like to see every job in America provided by the government? I would like government keep out of the private sector and let the economy sort itself out.If im not mistaken the Government had a big part in the crisis at hand.
Nope, and I'm in favor of a smaller gov't if you didn't read that a couple posts ago.
A private sector without any checks is a horrible idea. Greed will create an even bigger crash....think great depression.
 
veni vidi vici

veni vidi vici

Active Member
Originally Posted by sickboy
http:///forum/post/2814484
Why? Law uses logic, economics uses logic, Navy officer uses following orders. (No disrespect intended towards those in service, I have many family members that are either currently serving or retired) More than likely Obama had to take at least one class in economics and probably more, how many did McCain take? Probably none. And even if he did, he was a horrible student....
So please explain why....
Lawyers use logic? I would say they use manipulation and twisting of the truth.
 
rylan1

rylan1

Active Member
One thing I find interesting is the state of Alaska. Its to my understanding that Palin partook in redistributing the wealth. Giving residents approx. $3200 based off of windfall tax on Big Oil.
ConocoPhillips said that in total, once royalty payments and other taxes are added in, the state captures about 75 percent of the value of a barrel.
 
stdreb27

stdreb27

Active Member
Originally Posted by sickboy
http:///forum/post/2814487
Hey, I said correct me if I'm wrong. What exactly is a spending freeze if it isn't 'freezing spending'?
Every time I've ever seen a politician use that praise they used a misnomer, should be called an increase in spending freeze. They say it as in freeze it where it is at. I don't recall of the top of my head the quote you're refering to. But that is the context that I've always hear that in.
 
veni vidi vici

veni vidi vici

Active Member
Originally Posted by Rylan1
http:///forum/post/2814496
One thing I find interesting is the state of Alaska. Its to my understanding that Palin partook in redistributing the wealth. Giving residents approx. $3200 based off of windfall tax on Big Oil.
ConocoPhillips said that in total, once royalty payments and other taxes are added in, the state captures about 75 percent of the value of a barrel.
Giving the people of Alaska moneys on oil that belongs to them is not Redistribution.
 
stdreb27

stdreb27

Active Member
Originally Posted by Rylan1
http:///forum/post/2814496
One thing I find interesting is the state of Alaska. Its to my understanding that Palin partook in redistributing the wealth. Giving residents approx. $3200 based off of windfall tax on Big Oil.
Seriously? So you really don't follow the logic, since a good portion of land in alaska is public land. When the government sells or leases the mineral rights, the people sells the mineral rights. Thus they get paid for it?
 
sickboy

sickboy

Active Member
Originally Posted by stdreb27
http:///forum/post/2814491
I disagree, we aren't that far apart. We are just pointing at two different points of the time line. You think that the middle class drive the economy through spending. (I'm not against this concept) But go farther up the food chain. If the middle class drives the economy through spending and this is funded by work, which they are hired by the rich. (ignoring party affiliations) could you not reach the conclusion that the rich drive growth by hiring the middle class, which funds the main driver to our economy middle class, spending?
Could this not be the trickle down which Reagan espoused?
Well, yes. And I've stated that the trickle down works at times. If the money is always invested into new jobs/business ventures then the rich do not take out the money as dividends and then do not get taxed on it. Its when they are greedy and do not reinvest their money they get taxed, and I'm all for that. The higher tax rate acts as a motivation for reinvesting profits into the community, therefore creating a trickle down where everyone benefits. But this does not always work, and I think if you are taking the money out in excess (b/c an owner is allowed to take some of his profit right? I mean you can't blame them) you should be taxed. And this is what our progressive tax system motivates people to do, but everyone wants to flatten it.
 
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