Tax Increases

Roger you made a good point and that is exactly why after WWII the 93% tax rate gave us a twenty year expansion of the economy and the middle class standard of living. A businessman or a rich man could choose to pay the 93% tax rate or he could invest his money in his business, most chose to expand their business and employee more people. People looked for all kind of business opportunities to shelter their income. This way the rich still got richer as their business was worth more but they created more jobs and were inclined to pay their employees better.

It is all about choices if the ungodly greedy can keep only 7% of their income they will make different choices than if they can keep 86% of their income like Romney. Which is better for America and which is better for the ungodly greedy is the question.

Tax Hikes in 2013 Will Cause a Recession

The Coming 'Obama Recession' Of 2013

Sequesters, tax increases would cause double-dip recession

This won't work anymore.


Obama and his commie regime own this declining economy

H2O, on the Sunday News Shows the commie/conservatives continued to push for the elimination of tax deductions instead of raises the top rates in the tax tables. Why would they do this? One raising the rates in tax tables would affect only the top 2% but elimination tax deductions would spread the pain to the majority of the American people. Even if Congress eliminated the top ten tax deductions, which is highly unlikely, it would provide only $800 billion over 10 years while raising the tax rate back to the tax rate in effect during Clinton term in office would provide $1.6 trillion.

Tax theory is that if you want less of something you tax it; cigarettes and alcohol are heavily taxed to lessen their impact on America. But if you want more of something you lower the taxes on it or give tax deductions. In the fifties when the tax rates were 93% tax deductions were given to create jobs and businesses which provided us with the longest economic expansion in history.

The commie/conservatives have only one objective and that is to get back into political power. From the first day Obama took office the commie/conservatives met to plan how to beat Obama in the next election, the commie/conservatives pulled every underhanded trick in the book to make Obama look worse it didn’t matter to them how much damage was done to middle class Americans.

Now that Obama has been reelected the commie/conservatives only objective is to win the next. If the tax rates are raised it will affect only the top 2% of Americans, the top 2% of course are often referred to as the political donor class. They are the ones who make the lion’s share of political donations to the commie/conservatives. The commie/conservatives will protect their donors at all cost. The commie/conservatives would prefer to see social security and Medicare eliminated than raise the tax on the ungodly greedy even 1% let alone 4.6%. In fact eliminating entitlements like social security and Medicare is the objective of the political donor class because they know that the $2.7 trillion social security fund was given to them in massive tax cuts and the only way to recover the money is in return the tax rates back to what they were in the 1950s.

The ungodly greedy do business exactly that way they will run up a huge bill with a contractor and offer him 50% of what he is owed. They do business with the city of Huntington that way they refuses to pay taxes for years and then offer the city half of what they owe. This is what is going on with the $2.7 trillion social security trust fund. The ungodly greedy are about to offer the American people “a deal they can’t refuse” they will give them 50% of the social security trust fund and pocket the rest and the commie/conservatives are the one making the deal for them.

Why is it that Comrade Obama wants to soak the rich?

Why would a Georgia cracker like you care?

Comrade Obama's 'tax the rich', 'pay their fair share' strategery is specifically designed to greatly reduce the numbers of rich conservatives in the predominately liberal democrat 'millionaires and billionaires' club. Democrats are driven by greed to make themselves and their ilk the exclusive members of the 'millionaires and billionaires' club.

Georgia Cracker? Me?

H2O, why are the commie/conservatives so determined to cut Social Security? Everyone understands that Social Security is not causing the Federal deficit in fact the $2.7 trillion Social Security fund has been borrowed to pay for the massive Reagan and Bush tax cuts. Like all other people when the Baby Boomers loaned their social security money to pay for Reagan’s massive 60% tax cuts for the ungodly greedy they expected that money would be paid back with interest. In fact last year for the first time part of that interest was required to pay the social security of current retirees. In future years not only will the interest be required to pay the baby boomers social security but part of the $2.7 trillion trust fund.

It is quite simple to determine the Federal Deficit if the government spends more than it takes in any one year including social security it has a deficit. But trying to figure a deficit in social security is quite different as it is figured 75 year into the future. Projections are used for the next 75, and no government employee is fortune teller, so guess about what the economy will be like in the future are used to determine whether social security will have a surplus or deficit. Very slight changes in projections make huge outcome differences 75 years from now.

The commie/conservative use the most pessimistic projection to frighten the public and then used the money to fund massive tax cuts for the ungodly greedy. The ungodly greedy partied for 30 years now the time has come to pay piper America is facing the perfect storm because America still can’t afford the Reagan tax cuts let alone the Bush tax cuts. The federal deficits are out of control and the baby boomers are expecting the extra $2.7 trillion in extra social security payments to be paid back and rightfully so. The baby boomers did not pay $2.7 trillion in extra social security tax to fund tax cuts for the ungodly greedy.

The commie/conservatives demand that social security be cut even though it has a $2.7 trillion surplus and a substantial interest on that $2.7 trillion in order to raise one cent of taxes on the ungodly greedy. It is high time the baby boomers told the commie/conservatives that we will not take a one cent cut in social security until all $2.7 trillion and interest has been returned only when social security has to borrow money to operate and has a yearly deficit will we even entertain making benefit changes. In fact since the ungodly greedy have lived like kings on our excess social security payments for 30 years raising taxes to 93% to fund a social security deficit seems inorder.

H2O it is not about soaking the rich. It is about protecting the rest of America from the greed of the few. Greed is a sickness that eventually destroys everything around it. Those that are greedy are truly mentally ill and will destroy America for few dollars more from themselves.

If you went back to a primitive hunting society and one individual claimed 95% of the kill for himself and the rest of the village got only 5% to divide among the other 95 people in the village his greed would not be tolerated and he would be dealt with swiftly. Plus the meat would spoil and go to waste. The invention of money as medium of exchange made excess greed possible because unlike meat money does not spoil. This makes it possible for the ungodly to eventually take 99% of a country’s wealth. The typical equation is that 5% people have 95% of the country’s wealth and the other 95% of the people must share the other 5% of a country’s wealth. This is somewhat of an equilibrium point. But the ungodly greedy are never satisfied with 95% of wealth they must have all of the wealth. The other 95% of population will not fight back as the ungodly greedy take an additional 4% of wealth. If the 95% try to take back even 1 % of the ungodly greedy’ 95% of the wealth the ungodly greedy will fight to the death. That is where we are now the ungodly greedy won’t let loose of even a 4% tax increase. But when the ungodly greedy try to take that last 1% and the 95% can no longer feed their families and a revolution takes place where all the ungodly greedy are killed. This equation has successfully predicted revolutions throughout history. Prior to the Vietnam War the French shipped the food out of the country as the people died of starvation. As the Vietnamese watched the barrages of food go down the river as their family starved a revolution was born of hunger and starvation. Greed has no conscious.

The ungodly greedy in America could be facing a fate far worse than a tax increase. When Reagan cut the ungodly greedy taxes by 60% he tripled the national debt Compare that to social security which accumulated a $2.7 trillion surplus. The ungodly greedy got the $2.7 trillion and more. The commie/conservative call social security an entitlement for good reason they believe the ungodly greedy are “entitled” to the $2.7 trillion social security trust fund. In reality it is the ungodly greedy soaking the rest of America.

H2O how can the commie/conservatives tell the public that social/security is responsible for $16.5 trillion National Debt when social security has a $2.7 trillion surplus? Why does anybody believe the obvious lie? Propaganda and learned ignorance. It is very obvious to most people that social security $2.7 trillion surplus is not causing the deficit. In fact that $2.7 trillion surplus was used over the last 30 years to mask how severe the actual deficit was following Reagan’s massive 60% tax cuts for the ungodly greedy. The National Debt as a percentage peaked in 1949 and had steadily declined, even during the Vietnam War, until Reagan voodoo economics tripled it. While Reagan tripled the National Debt he offset that by raising the social security tax six times during his term in office. I previously thought that Reagan had raised social security tax only four times but checking social security on line it was actually six times. Reagan cut the taxes on the ungodly greedy by 60% but he raised social security tax by over 16% to pay for the massive tax cuts for the ungodly greedy. In addition Reagan raised the retirement age beyond what many people will be able to physically work. Working another 2 years to get your full social security is also another significant tax raise so lets make that 7 raises in social security tax in 8 years for Reagan. While the ungodly greedy still got tax deductions from their 28% tax the average American could not deduct or offset one penny of Reagan’s seven social security tax hikes. You talk about tax and spend Reagan sat the all-time record. Of course the people didn’t benefit but the ungodly greedy did.

Even with the 35% tax table rate Romney would have paid only 9% if he had claimed all of his charitable deductions while the average American social security tax rate alone would have been 6.2% if it hadn’t been temporarily cut the last couple years. Social Security contributions are capped at about $100,000 so Romney pays social security only on the first $100,000 of his income. Romney social security would be such a small percentage of his $14 million income that it would be negligible about 4/100 of 1%. This is one of the reasons why Romney pays a lower tax rate than a nurse or a bus driver.

H2O it is not the tax rate in the table that is important it is the actual rate paid in taxes after all deductions. Why would you feel sorry for someone who already pays a lower tax rate than you to begin with? Ther is no justifiable reason not to raise the tax table rates on someone who already pays a lower rate than the middle class in the first place.

H2O, according to the popular myth that is often told on Fox News and Red Neck Right Radio, it is the commie/conservatives who want to save our children and grandchildren from the massive National Debt. If you are on a trip and you make a wrong turn you must turn around and get back on the right path. The Greatest Generation fought the biggest war in history and this war ran up the largest National Debt in our History as measured as a percentage of GNP the Debt in 1949 was even higher than it is now when it is measured as percentage of GNP. For 32 years the Greatest Generation did a good job paying down the huge National Debt caused by fighting WWII. By 1981 when Reagan took office the Greatest Generation had paid off 75% of their debt.

When Reagan was elected he tripled the National debt by cutting the taxes on the ungodly greedy by 60% he offset some of what would have been even more debt by raising the social security tax six times and raising the retirement age by 2 years. This is the point that America goes off path and starts tripling the national debt in Reagan’s term in office. Reagan simply wrote checks even America couldn’t afford to cash. The commie/conservative propaganda machine counters with cherry picking statistic on taxes comparing taxes income from the depth of a recession to taxes taken in during the height of an economic upswing. Reagan’s tripling the National Debt reflects the actual damage done by the Reagan tax cuts.

If the commie/conservatives are serious about paying off the National Debt they will restore the tax rate on the ungodly greedy to 70% where was when the National Debt first tripled but they won’t even raise it back to when Clinton was in office. First pay back the $2.7 trillion of the National debt is owed to the Social Security Trust Fund, that way the commie/conservatives could pose for a photo opportunity by the cabinet that holds the social trust fund in U S Treasury Bonds and declare it worthless paper as Baby Bush did in an effort to give it away as as highly regressive services fees to Wall Street.

But the commie/conservatives are less concerned about the National Debt as compared to their personal debt if the political donor class cuts them off for raising taxes. The national debt is just a political slogan. Hitler said that propaganda must be kept simple and to just a very few points, and you must repeat your slogans over and over again until the great masses believe them.

H2O in the 50s the communists who founded “The Modern Conservative Movement” used a communist style purge to rid the Movement of the more radical right groups like the John Birch Society. The communists realized that the commie/conservative movement would never be taken seriously with the John Birchers claiming Eisenhower was a communist. The communists had to resent the fact that the John Birchers couldn’t tell a real communist if they belonged to the same organization. The communists that founded the Modern Conservative Movement were dedicated communists and extremely proud of their communist background and that fact was well known fact at the time.

Now things have come full circle and the Republican Party is now “purging” the commie/conservatives. In the last few days in Congress several commie/conservatives have been removed from their positions in key congressional committees. The communists that founded the Modern Conservative Movement knew that they would have to seize control of one of America major political parties. The communists decided that they would try and take control of the weaker of the two major political parties, the Republican Party. They began their quest in the 50s and achieved their objective by electing Reagan in 1980. After 30 years have passed the damage done by the commie/conservatives’ voodoo economics is becoming obvious not only to majority of the American people but to the more sane elements in the Republican Party. Reagan tripling of National Debt was caused by massive 60% tax cuts given to the ungodly greedy. One need only goggle search the term “National Debt Graph by President” to see where America goes off the path of fiscal sanity. This is the point where the middle class begins to lose ground.

It is high time that the Republican Party realized that if America is to go forward that the extremists must be purged, the commie/conservatives must removed from any position of power just as in the 50s the communist realized that they had to purge the john Birchers if they were ever to be taken seriously.

H2O it is time to acquaint yourself with the five stages of grief because you are going to be dealing with grief for some time. The Commie/conservatives are currently working their way through the five stages of grief. Election night they were in denial. They simply couldn’t believe Romney lost. They claimed the election had been stolen after finding voting precincts where Romney didn’t even get one vote until several precincts were found where Obama didn’t get a vote. I will give credit where credit is due even Glen Beck told the commie/conservatives that there may have been some voter fraud but not nearly enough to account for Obama victory.

Next the anger helped increase gun sales tenfold as some of the more radical commie/conservatives considered staging a violent revolution to install Romney as dictator. The anger was palatable on red neck right radio. Beck and other red neck right radio hosts were angry at their listeners who didn’t bother to vote. After all who wouldn’t be in favor of a $5 trillion tax cut for the ungodly greedy, like Rush Slimbaugh and Glen Beck? Romney 20% tax cut would only be surpassed by Reagan’s 60% tax cut which after 30 years of being fiscal responsibility Reagan managed to triple the National debt and set the country on a course of ever increasing debt. The righties will insist that the problem is increased spending on “entitlements” like social security which by the way has a $2.7 trillion surplus.

Bargaining is the next stage of grief that is where we are now. The commie/conservatives now realize that they lost the election but they believe they should still be able to keep the country on the commie/conservative path even though they lost the election. The commie/conservatives will gladly shut the country down the country as Newt Gingrich did in the 90s to insure the suicidal commie/conservatives policies stay in effect. Voodoo economics forever!

Depression is what the commie/conservatives have to look forward to; a long deep dark depression especially when they realize the political pendulum has started a leftward swing and the voters after 30 years’ experience in the school of hard knocks they can no longer be sold the propaganda that making the ungodly greedy even richer will benefit the American middle class.

The final stage of grief is acceptance and at some point the commie/conservatives have to accept the fact that their political philosophy is a failure and that their philosophy was responsible for tripling the national debt in their first few years office. The commie/conservatives policies that exacerbated greed failed to recognize that greed is not bound by any nation’s borders. America, prior to the election of the commie/conservatives was the greatest manufacturing nation on earth, 50% of our economy was generated by manufacturing, now only 11% of America economy is based in manufacturing, less than any point since the industrial revolution. In America under the influence of commie/conservative philosophy greed becomes the bases of all economic decisions, there are no other considerations, and is it any wonder that the third world is becoming not only the preferred choice but the only choice for manufactured goods. In a world based on greed everyone is loser.

H2O it comes down to cutting social security or the Bush Tax cuts which would you chose? Obviously if you are trying to live on 40% of your previous income you may be biased. Living on 25% of your previous income may not be possible to live inside any longer but then again everyone must do their part to keep the billionaires in the lifestyle that Regan let them become accustom to.

As Americans when we hear the term propaganda we immediately associate the term propaganda with communism or Nazi Germany without every realizing that America is given credit for creating modern day propaganda. The communists and Nazis simply used the mass information technology that was first pioneered in America. Mass information technology (propaganda) can be used to equally well to inform the population or misinform the population.

How effective is propaganda in America? Propaganda can make people believe that a $2.7 trillion surplus shows that social security is deeply in trouble. In addition the commie/conservative propaganda instructs the public the best way to resolve the $16.3 trillion debt, of which $2.7 trillion is owed to the social security trust fund, is to give the ungodly greedy another $5 trillion tax cut. The graph of the National Debt by President, which measures National Debt as a percentage of GNP clearly shows that Reagans massive 60% tax cut for the ungodly greedy tripled the National Debt during his term in office. Reagan’s tax cuts set the trajectory of the Nation Debt Graph for the next 30 years.

Is social security driving the National Debt up? No in fact the $2.7 trillion social security trust is used to fund the debt instead of foreign borrowing. For thirty years not only was the social security trust fund used to bankroll the debt but the interest on that 2.7 trillion was plowed back into the National Debt. What has changed? Now that the baby boomers have begun to retire some of the interest that is generated by the $2.7 trillion social security trust is needed to pay current retirees. This means that some of the interest on the social security trust fund will no longer be available to offset the Bush Tax cuts.

How do we as a country resolve this? Raising the taxes on godly greedy to pay off the national debt without using the interest from the social security trust fund seems an obvious solution. But not to the commie/conservatives and their ungodly greedy friends, the obvious solution to them is to cut entitlements like social security. Social Security currently designed to replace 40% of a retirees income if that could be cut to 25% by cutting or eliminating the cost of living adjustment in future years the interest on the social security trust fund could continue to be used to subsidize the tax cuts for the ungodly greedy. After all a retirees should be able to get by on less so the ungodly greedy can have more.

The commie/conservative propaganda is so effective that almost half of the American people actually feel sorry for the ungodly greedy and think the people on social security are unreasonable for wanting to make withdraws from the $2.7 trillion social security trust fund that they fund.

Give the people back their money was the big outcry by the ungodly greedy after the Clinton surplus but that doesn’t apply to social security it seems.

H2O how do you measure the success of our economy?

Voodoo is a religion of Western African origin and when George Bush senior christened Reaganomics Voodoo economics the description was accurate. As soon as Reagan and his band of commie/conservatives made Voodoo economics the economic policy of America, America began a 30 year long economic decline for the vast majority of Americans. How do we measure the success of an economy? Should we measure success like a lottery where if one person wins that is considered a success even if everyone else loses? Or should a successful economic outcome be a better economic outcome for the vast majority?

Over the last 30 years the economic outcome for the top 1/100 of 1% of Americans has been outstanding, there yearly income went from an average $3,641,285 to $23,328,482 just 30 years later that is a success. But what happened to the middle class? Middle couples now work an average of 32 hours more a week and make less in real dollars than their fathers did. This indicates the true failure of Voodoo economics.

Is the success of 1 in 10,000 while the vast majority of Americans are worse off an economic success? The commie/conservative think so that is what they believe is the definition of success. After all they believe that America is equal opportunities not equal outcomes. If one could do it everyone should be able to do it, after all life is just a lottery.

But most Americans will never be satisfied with lottery winner economic distributions. At the same time the ungodly greedy share of economic output in America was skyrocketing their taxes were slashed 60% by Reagan so while their gross income increased 550% their income after taxes went up more than 10 fold. While the vast majority of Americans worked more and made less.

H2O did you listen to Sean Hannity show yesterday?

Yesterday on the Sean Hannity show he told his audience that social security is “bankrupt.” Yes sir right here in the river city social security is “bankrupt.” If any corporation had a bank account with $2.7 trillion in it and could pay all of its bills for the next two decades would anybody say that corporation was “bankrupt?” Only a true propagandist on a propaganda network could tell the American people that a program with a $2.7 trillion trust fund and that has never had to use a penny of that trust fund in 30 years to pay benefits is bankrupt.
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“In consequence to these facts, all effective propaganda must be limited to a very few points and must harp on these in slogans until the last member of the public understands what you want him to understand by your slogan.”

Hitler
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The commie/conservatives have endlessly used the slogan that social security is bankrupt” when in fact we know that is a lie. Why would Hannity lie? The $2.7 trillion social security trust fund was borrowed to fund the Reagan and Bush tax cuts just as when you put your money in a saving account that bank loans your money out to others to buy houses and cars and pays you interest on your money. In the social security trust fund case the money was loaned out to pay for the massive tax cuts for the ungodly greedy. When Bush was saying give the people back their money, he was giving the ungodly greedy back the $2.7 trillion social security trust fund. In fact it wasn’t the ungodly greedy money social security tax is capped and the ungodly greedy pay only a tiny fraction of the social security trust fund.

In bank there are a number of different depositors and a certain amount of cash is kept on hand to pay back the individual accounts when they want to withdraw it. So the individuals that bough houses and cars with your money need not pay it back when you withdraw your money. But in case of social security there are no other depositors so there is only one way to get the money back raise the taxes to the level they were before Reagan cut the taxes on the ungodly greedy. The $2.7 trillion surplus was taken from the working poor and given to the ungodly greedy in massive unsustainable tax cuts.

Hannity like most of the commie/conservatives wants to raise the age of retirement. Hello the age of retirement is already in process of being raised. The age retirement started going up for those who retired in 2003 and will continue to go up for those who retire in 2020. It is easy to see why Hannity and the commie/conservatives want the workingman to work longer each year of labor creates addition wealth for the ungodly greedy. Making the workingman work longer is a win, win situation for the commie/conservatives it allows them to keep taxes artificially low for the ungodly greedy and make the workingman work additional years to create more wealth for the ungodly greedy. By forcing more people into the labor pool the law of supply and demand takes over and wages are driven down.

How can commie/conservatives claim that social security is bankrupt? A law says that social security must be solvent for 75 years into the future no business could ever meet this impossible standard. No one can see the future so it is based on economic assumptions in the future even a slight change in future economic assumptions can make dramatic changes. It is possible to assume future economic assumptions that say that even a $100 trillion trust would not be enough to keep social security from being bankrupt.

H2O how would you solve the "entitlement" problem.

The commie/conservatives say that entitlements are the problem. We know that social security has a $2.7 trillion surplus so we know that is not a problem. However Medicare and Medicaid are tied to skyrocketing cost of medical care. The cost of medical care in the United States has been skyrocketing for 40 years now and shows no sign of stopping in the future. Medical care in the United States continues to eat up more and more of middle class income. The primary cause of bankruptcy in the United States is medical expenses. In recent years even those with medical are making up an increasing portion of those going bankrupt. The problem with entitlements is not the cost of entitlements it is the cost of medical care that underlies them.

For years the commie/conservatives have insisted the cost of medical care will be solved by the free market and for years the cost of medical care and the cost of entitlements continued to soar. There is so much redundancy built into the medical care system in order to extract the maximum profit from the sick and dying that America health care system has become one of the most inefficient in the world.

To achieve a goal we must have a mission statement in other words we must decide what we want to achieve. Currently in America the medical system exists to generate huge profits for a few. That is why America health care system is called a for profit system. It is one of the insurance industry’s biggest cash cows. The primary mission of a health care system should be to deliver health care to the population as efficiently as possible at the lowest possible cost. The mission statement must be to provide healthcare not profits

Many people think that Medicaid is only for the poor but in fact many currently in middle class will eventually end up on Medicaid if they live long enough. Once the for profit medical care system has eaten up all the assets of a lifetime, which happens much faster than many people realize, Medicaid steps into to pay for additional medical care and for nursing home care.

Many people realized in the 90s that the for profit medical care system was no longer sustainable. Some inroads have been made with the Affordable Healthcare for America Act. The Healthcare act limited an insurance company’s profits to 20% and required they rebate any excess charges back to the consumer.

There is no way to solve the problem with the cost of entitlements without first solving the cost of medical care problem. Offering bigger and better profits to ungodly greedy will never provide a solution to the cost of medical care in America.