Re: Obama Understands Economics in Spite of Himself

I support the payroll tax cut and extending UI benefits.  The payroll tax for 
basic fairness and my belief that any lowering of taxes is a very good thing.  


The unemployment benefits because it is the height of injustice to have rigged 
the system to benefit the grifter class and insure they continue to rob us blind 
to the detriment of everyone else, and then turn around and tell the working 
stiff that continuing his/her unemployment bennies is a bad think because it is 
is a disincentive to him/her returning to work. 


It is criminal how the grifter class has been propped up and bailed out.  To 
turn around and begrudge the working class a drop in the bucket to make their 
lives a little more manageable in times of hardship makes the crime all the more 
brazen.

Mike F.   




________________________________
From: Karl <[email protected]>
To: DADL (off topic) <[email protected]>
Sent: Mon, December 13, 2010 11:21:23 AM
Subject: Re: [DADL-OT] Obama Understands Economics in Spite of Himself

Sure, that's *exactly* what I said, see it there?  Right there?  No, There!...

No, I didn’t actually say that or even suggest anything of the sort. I said that
statement was fallacious and short sighted..

In fact the rest of the comment I made that you failed to quote explained that.

" There are more than one kind of tax and many kinds of revenues."

So....if you reduce income taxes to nothing, but also all sales taxes, all
excise taxes and all forms of taxation completely, then yes, you can say that
zero tax means zero government revenue.  Unless the government then becomes the
distributor of goods and services of course....

But simply taking away income taxes would not mean zero revenue, it would only
mean zero revenue from that source.  Some we pay all manner of other taxes, that
would means some revenue.  Would it mean less, and maybe dangerously less?
Maybe.  Washington has no income tax, (despite their recent efforts to pass on
by demonizing those damn rich people), but we have higher taxes in other places.
We manage.

The situation requires balance, something not seen very often.

Personally, in the present situation, I am mostly disgusted with all the memes
and lies...sorry I meant statistics.

The tax bill Obama made a deal with is awful.  I am ok with the Bush tax cuts
since I think they would work fine with controlled spending.  The spending was a
huge part of the problem.  But even taking the highest 1% and saying hey, we
need a compromise, you get bumped up 1you’re your rate would have been decent
gesture.  Cutting social security taxes will do more damage than good, and UI
extension....don't get me started on that.



-----Original Message-----
From: [email protected] [mailto:[email protected]] On Behalf
Of Bruce Geerdes
Sent: Monday, December 13, 2010 8:49 AM
To: DADL (off topic)
Subject: Re: [DADL-OT] Obama Understands Economics in Spite of Himself

On Mon, Dec 13, 2010 at 12:07 AM, Karl Swenson <[email protected]> wrote:
> Revenue will not be zero unless that tax was your only revenue.

Wow. So you're suggesting that dropping taxes to zero might improve the revenue
situation?

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