Thread: Tax Cuts For The Rich Help The Poor
View Single Post
Old 07-26-2006, 09:16 AM   #22 (permalink)
Dylan
Council Member
 
Dylan's Avatar
Join Date: Sep 2005
Posts: 1,808
Points: 6,624, Level: 53
Points: 6,624, Level: 53 Points: 6,624, Level: 53 Points: 6,624, Level: 53
Level up: 37%, 126 Points needed
Level up: 37% Level up: 37% Level up: 37%
Activity: 0%
Activity: 0% Activity: 0% Activity: 0%
Dylan is offline 		Reply With Quote
 
Quote:
Originally Posted by alias
The Truth About the Rich
Tuesday, July 11, 2006
By Bill O'Reilly

How many times have you heard the left wail about tax cuts for the rich? How many times? Want to hear it again?

SEN. JOHN KERRY, D-MASS.: I will roll back the tax cuts for the wealthiest individuals.

REP. CHARLIE RANGEL, D-N.Y.: Let me tell you something. We have tax cuts for the very rich.

BILL CLINTON, FORMER PRESIDENT OF THE UNITED STATES: If you give your tax cuts to the rich.

SEN. JOE LIEBERMAN, D-CONN.: The fact is that I have opposed George Bush on most of the major policy initiatives of his administration from tax cuts for the rich.

SEN. JOE BIDEN, D-DEL.: If we were just to take one year of the tax cut for people making over $1 billion, that would generate $53 billion in revenue.


All right. Now a funny thing happened on the way to the bank: Those tax cuts for the rich have helped all Americans, especially the poor.

(Story continues below)

http://tinyurl.com/j9leq

Trickle down economics: The only theory that actually sounds like pissing on people.

I'd like to point out that Bill O'Reilley doesn't know shit about economics, and the amount of money collected by the government is irrelevant when we are in over our ears in debt.

Anyway, I don't think that tax cuts for the rich help the poor, but they certainly help the rich, and there's nothing wrong with that. Personally, I think it would make more sense to just restructure and have a flat percentage for everyone above the poverty line, but making the transition would probably be a bit rocky.

I actually think that the government could get more revenue from a simplified system, because it would be much, much harder to cheat.
My political compass
Economic Left/Right: 5.63
Social Libertarian/Authoritarian: -6.41
Last edited by Dylan; 07-26-2006 at 09:22 AM.