Where is the US economy headed?

@plainoldme,

Its time you pay your fair share, pom. People are fed up with your attitude of gimme gimme gimme and gimme some more.

@okie,

okie, Just goes to show again that you know nothing about economics.

Most successful developed countries have social benefits for the masses paid for by the government. For starters, look at the most successful countries of this world, and how government takes care of their people. I can show you hundreds of countries where the government doesn't give a damn, and their economy also stinks. Governments must support capitalism for any country to be successful for their citizens.

You need to do more homework before you go shooting your mouth off about which you understand very little to nothing.

1 Reply

@cicerone imposter,

I have a project for you, ci. How many successful countries are there that have almost half of the population paying no federal income tax? Fact is, a significant portion of the American people not only pay no income tax, but they receive money they never paid in. How many countries are there that do that? And who do you suppose is supporting all of those people, plus paying all the tax revenue, ci?

That is the reason I said what I did to pom. If everyone thought as she did, this country would have been broke 50 years ago or more.

I know enough about economics, ci, to know that the money has to come from somewhere, that it does not appear out of thin air for all the people shouting 'gimme, gimme, and gimme."

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@okie,

DUH! It's not only the US, okie. Most developed and successful countries in this world have social benefits for their citizens. It raises everybody's standard of living in those countries. Once upon a time, the majority of Americans were poor, and we "all" needed government assistance. With the government support that most of us received during our lifetimes, we were able to create the strongest economy in the world. Yeah, that includes free education, free lunch programs while we were children, and many received subsidized housing. Most successful developed countries today provides for their seniors' needs. Do your damn homework!

CLUE: I do not wish to live in a country like India where there is very little social benefits, and most live in poverty. That impacts everybody's lifestyle.

HINT: You still haven't done your homework.

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@cicerone imposter,

Perhaps you never got the point of my post? My point is that when too few people are supporting too many people, there will become a point that the structure of that arrangement will begin to collapse. We cannot continue to foster more and more nonproductive people. In other words, the problem is not insufficient taxation of the producers, it is instead a growing underclass due to a decline of education and skills, relative to the technological advancement of the country and the world. There are several factors that are feeding that problem, but insufficient payment of taxes by the achievers and producers is not one of them.

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@plainoldme,

plainoldme wrote:

Quote:
Any politician or political group who claims or implies that the Fair Tax
adds a 23 percent national consumption tax on top of all the other taxes
listed above is either lying to you or is ignorant of the facts.

An example of what is wrong with the entire notion of democracy: people like this get to vote.

Ah, just because a loud group who never learned to share in kindergarten want to put the poor on the rack and bend over to the rich, does not mean that such actions are good for anyone.

POM, you are full of irrational and ignorant knee jerk replies today.
Why must you project your personal inadequacies onto this forum?

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@okie,

Quote:

I have a project for you, ci. How many successful countries are there that have almost half of the population paying no federal income tax? Fact is, a significant portion of the American people not only pay no income tax, but they receive money they never paid in.

You keep repeating this okie. But constant repetition doesn't make it true. It only makes you look even stupider.

A person making $25,000 gross that pays no income tax will have paid in $2000 or more in other taxes. Now, why don't you pull your head out of your ass okie and learn something about the reality instead of what Fox and Limbaugh tell you.

1 Reply

Prices for gas, food and utilities continue to rise.
Unemployment numbers continue to rise.
Consumer confidence is dropping.

Where is the US economy headed?

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@parados,

Actually, parados, if okie even bothered to research this issue about social benefits vs tax paid, Americans fall into the bottom of taxes paid- even while not enjoying the greatest of "benefits from the government." That includes all developed countries of the world. okie will never "get it."

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Problem with okie's argument is that there are fewer and fewer tax payers because of the greed of the rich. There is only so much "money" at any given time - it is fungible. If the rich suck it up at ever increasing rates, they are the only ones with it and therefore can be the only ones to support the government - therefore, a need to go back to 55% tax rates. If the rich would only be responsibile and not greedy, there would be fairness in the system. But, no, they have to push it until the system has to beat them down!

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@BillW,

BillW wrote:

Problem with okie's argument is that there are fewer and fewer tax payers because of the greed of the rich. There is only so much "money" at any given time - it is fungible. If the rich suck it up at ever increasing rates, they are the only ones with it and therefore can be the only ones to support the government - therefore, a need to go back to 55% tax rates. If the rich would only be responsibile and not greedy, there would be fairness in the system. But, no, they have to push it until the system has to beat them down!

Yeah. When taxes on the rich go DOWN, and the total percent of receipts they are paying for go UP, it's an indicator that the total wealth of the rich went up - a lot - and that of everyone else went down.

But Okie sees it the opposite way; I don't know why. I've yet to hear him explain why his version should be true.

Cycloptichorn

1 Reply

@BillW,

Bill, with all due respect, your post has to be one of the dumbest opinions I have ever read here, and that includes alot of dumb ones.

If you need a simple example of why, fewer and fewer passing students in a class at school cannot blame the A students on their failing grades. Life is not graded on a curve, so that some peoples' failures can be blamed on other peoples' success. There is no way that less than half of the students in a class can enable the whole class to pass. Instead of the failing students pointing fingers at the achievers, they should instead be responsible for themselves.

1 Reply

@BillW,

BillW wrote:

Problem with okie's argument is that there are fewer and fewer tax payers because of the greed of the rich.

Nope, there are fewer and fewer tax payers because of the greed of big government.

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@Cycloptichorn,

okie thinks he has all the right answers, and believes taxing the rich is a transfer of wealth to the poor. He doesn't understand the basics of how all developed countries tax and spend for the benefit of their citizens.

He starts his arguments from the wrong premise, and ends up talking bull **** throughout. He's a lost cause.

He gets 100% of his education from FOX News, and believes this planet is a square.

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Half of the USA's income earners do not pay taxes because current tax law excludes them from paying taxes. It is not because the rich are getting richer and non-tax payers are getting poorer.

The rich get richer as a result of their businesses and/or business investments getting more profitable. As businesses get more profitable, they hire more employees in order to get even richer. That increases both the wealth of business employees as well as the wealth of business owners and investors.

By the way, business investors also include those who are employees of businesses.

1 Reply

@ican711nm,

Quote:

As businesses get more profitable, they hire more employees in order to get even richer.

This is a false assumption not reflected by reality. Many businesses get FAR richer, and their investors get richer, while NOT hiring more employees.

The last two years have proven this to be completely true. Business profits have risen, in some cases tremendously, all while shedding employees at a great rate. The business owners and investors are profiting and seeing their profits rise with no corresponding rise in jobs for 'everyone else.'

I predict you will have no good response to this fact.

Cycloptichorn

3 Replies

@Cycloptichorn,

Quote:

This is a false assumption not reflected by reality. Many businesses get FAR richer, and their investors get richer, while NOT hiring more employees.

The last two years have proven this to be completely true. Business profits have risen, in some cases tremendously, all while shedding employees at a great rate. The business owners and investors are profiting and seeing their profits rise with no corresponding rise in jobs for 'everyone else.

Businesses now routinely cut employment even in a good economy claiming that this move will strengthen the financials of the company....now there is reason to think that they are wrong in the long term, that companies that dont invest in their workforce will quickly find themselves uncompetitive, but modern companies so often violate capitalism theory that we must take with a grain of salt anyone trotting out capitalism theory. Such as the claim that wealthy companies will hire more workers.

1 Reply

@Cycloptichorn,

Cyclotroll get's another one wrong.

Tax cuts and long term economic stability encourage businesses to invest their profits
back into the company, this often results in the hiring of additional employees.

Obamanomics provide businesses with zero economic stability and constantly threat tax hikes.
Obamanomics hurts everyone.

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@hawkeye10,

Simply put, it's not the big corporations that create jobs; it's the small businesses that hire more workers.

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@okie,

okie wrote:

Its time you pay your fair share, pom. People are fed up with your attitude of gimme gimme gimme and gimme some more.

How about we change the tax system in the US to one based on property? We simply take at the rate of 5% of everyone's wealth. Does that sound fair to you okie?

That would mean the top 1% would pay 90% of the taxes. Fairness is equality, isn't it okie? Tax everyone at the same rate.

1 Reply

Where is the US economy headed?

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