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  • Do you get all of your taxes back at the end of the year ? do you get a earned income break for your little snot lockers ?if you get one of those you get more than you pay into .Who do you think pays that ? Gov cannot show a profit according to constitution.They will never have to worry about that though.Enough with the eat the rich bullshit .Who do you think pays you morons ? The money dont pop out of your ass .Dont believe me ask your company owners

  • Stupid video. So successful people should be punished with high taxes because they work harder for their money? I think they should be taxes less. If you take every penny from the wealthiest 2% of our nation, it still wouldnt be enough to put even the slightest dent in our deficit. What needs to happen is our idiotic and spend happy president - Barack OBOZO - needs to be impeached so that he doesn't further damage our poor nation

  • The nations wealthiest 2% are not as wealthy as you imagine. $250,000.00 is not going to buy you two nights at the Palm, who is going to spend 32% of their income in two nights. There are approx. 1,699,000 households in the income bracket above $250,000. Therefore for every one person of 'affluency' there are around 176 people not in that top bracket. That is the size of a medium sized company, someone who is not overly wealthy, generally. The average millionare is generally un-noticed.

  • What do Snooki, Bush and a chimp have in common? Same level of Intelligence.

  • @dfbhcf woah now that's a little harsh. Chimps are very intelligent animals, putting them in the same intelligence bracket as snooki and bush is just wrong.

  • hahahahahaha at any credibility in the news at any level...

  • this was a FoxNewsesque type of promo. Lame and simply crap.

    Why do you want to lower yourselves to the level of Fox with this. Keep your message straightforward and stop trying to become exhibitionists like the others. You will lose credibility if you persist with stupid banter like this.

  • Obama and the Republican congress screwed us again with these tax cuts.

  • the richest 73 Americans out-'earn' the poorest 19 MILLION Americans (to say nothing of the non-American poor and working poor in America).

    EAT THE RICH

  • @LaughatNAZIs Can I roast them ?

  • Flat tax has NEVER worked. If you own a trucking buisness your wealth will rely on the roads more then someone who rides his bike to work or school,etc...so shouldn't that buisness owner pay more in taxes??

    It only makes sense. It's what is far. Regressive/flat/fair tax are NOT fair, they are handouts to the wealthy and they hurt society.

  • @MaudsPas Sorry, I don't follow that logic. Many of the taxes to pay for roads are taken from gas taxes and vehicle registration, so those who drive will be paying them. What about national defense and police? We all benefit equally from them, so why should rich people have to contribute a higher % of their income?

  • People, I have not read the discussion etc. I just, despite not being rich at all, think that all people should be taxed precisely at the same percentage (regardless to the specific number of % and the specific tax amount) and the life-threateningly poor should be financially supported by the country, if they cannot get a job despite genuine demonstrable active effort or because of a physical or mental handicap. Just my $.02. P.S.: When someone is spending money, someone else is getting paid!

  • If You Insist on Taxing the Rich at a Higher Rate of Taxation they will simply move their Money Overseas out of the Reach of the I.R.S. & they will Not Invest those Funds in Factories, Businesses, Service Industries, etc. that would Employ Thousands of Americans.They'll just do all of that Overseas as well. Trickle Down Theory really does work. But Not if You Kill it with Taxes before it ever gets a chance to live! Some Rich People do spend Money on Extravagances. But they always have! So what?

  • @ZEEMADMAN When has it worked? Trickle down economics?

    Anyways, the part about the rich moving out, so to speak, is true, sadly.

  • Obama's Tax Cut for the Rich. New and True title.

  • not only that but but if they extend the tax cuts I will keep working all year long rather than lay my guys off while I take sept/oct - december off to stay out of the high tax bracket

  • Blessed are the tax cutters of the rich for they shall be re-elected.

  • @MaudsPas

    I f ing hope they get re elected. The so called rich make $25,000 or more a year and do for themselves what they don't expec a Marxist, RACIST, Socialist government to do. Government needs to get out of my F ing pocket book and let the dead beat, laxy ass, inner city hoods get off their duff an work for them dam selves. Don't bother responding to me. I have a job and very little time to deal with creatons.

  • no. I said private schools were few. Public schools started in 1830s. There are good and sucky public and private schools. I live in the real world, but then we all think we do. Patriot Act was a conservative thing, and no. Are you a constitutional scholar? What is your problem with unions? You like no middle class and employers stealing from employees and maintain unsafe working conditions? If big gov did its job, the Gulf would not be full of oil. Regulated union mines do not cave in.

  • I say yes to the tax cuts, because most likely, like in the past, the rich will donate their money to charity. Look at Andrew Carnegie, he gave away most of his money to charity. Now for the rich today, look at bill gates, he has a fund specifically set up for charity. bravenewfilms your a retarded liberal machine.

  • @TWPAirsoft There was a study done that said that Republicans donate 30% more of their money to charity compared to Democrats. I guess they're only generous when it comes to other people's money.

  • @TWPAirsoft Carnegie started giving his money away only after the 16th amendment passed, which put him in a 75 percent federal income tax bracket. Harding and Coolidge lowered it to 25 percent which caused speculation and bubbles that caused the depression. Hoover and FDR raised it back. Eisenhower tried to push it up to 94 percent but only got it only to 91 percent.

  • hairy nuts?

  • hahaha

  • What do Snooki, Hugh Hefner and a Chimp Have in Common...?

    They all share the same brain.

  • @Candyliz2003 I think you owe Chimps everywhere a serious apology.

  • @island4diver

    I think you are seriously correct.

    : D

  • To pay down the deficit, among other reasons. I also never said that taxes should be raised, although that might be a good idea for some. My point, as well as the point of this video, is that the Republicans holding the tax cuts hostage over breaks for the wealthiest 2% in this country shows that their idea of fiscal responsibility is highly selective. They say that "The people have spoken" but by their actions, they are listening only to a special few of those people.

  • @Sylderon I agree, deficits need to be payed down. Unlike most Repubs and Dems, I believe EVERYTHING should be on the table to be cut. There is lots of waste in government that needs to be taken care of. It sounds noble to raise taxes to lower the deficit, but there is no guarantee that it will happen. A raise in tax rates does not always mean a raise in tax revenues. It could hurt the overall productivity of the economy and increase the deficit further.

  • SO what if people are making more than 250k a year, is it their fault? No go to college people and stop living handout to handout!

  • @lawrencevelo

    Who would you blame on the recession?

    This is OUR country, and regardless of fault, WE THE PEOPLE are responsible for the dept and it must be paid.

    Our children and grand children will be paying this off for generations, is it their fault?.. of course not, so what can't we start paying it off TODAY!!

    What makes the rich more special then all our grandchildren?..

    You CAN'T pick when to be American..either you are or not.. even if your rich.

  • Taxing me more, will make me poor! wow fail BNF

  • Jesus W. said: BLESSED ARE THE TAX-CUTTERS, FOR THEY SHALL BE RE-ELECTED.

  • THE STATE MUST PROTECT IMMORALITY TO GROW THE STATE. NO MORE REVENUE FUNDING MARXIST HEGELIAN-DIALECTIC GAMES.

  • @mn8aol I'm wondering two things here: First, how does that make any sense? Second, what does that have to do with this video?

  • Comment removed

  • @ChryslerDodgeJeepRam First of all, I'm sure that Lenin had other, more important things to worry about, such as consolidating his own power and running the biggest country on the planet, even if what you say is true; I can be patient while you try to find proof. Second, you have yet to establish how your comment is in any way relevant.

  • @Sylderon--The first 3 things Lenin did after the Bolshevik revolution was legalize abortion and no fault divorce and promote immorality in marriage to control the people. The dialectical promotion of immorality to undermine government solvency and facilitate a predetermined outcome is RECKLESS. The video is hypocrisy.

  • @mn8aol While that may be true (again, I highly doubt that) it has absolutely nothing to do with this video. The video doesn't mention morality, marriage, divorce, Lenin, or Communism. I think that you're trying to make some extremely tenuous and/or convoluted attempt to imply that the current government is on a path to Communism, so please listen to Roy Zimmerman's "You're a Socialist" for an amusing rebuttal to that nonsense. Otherwise, please spend your time trying to make sense.

  • @Sylderon--The initial Soviet criminal code (Soviet record) retained liberal sexual policies, legalizing no-fault divorce, abortion, and homosexuality. Promoting immorality creates more government costs and this video promotes immorality. Watch: Cultural Marxism. The Corruption of America dvd (2010) 1/14 watch?v=JdNZpKBZf4c

  • @mn8aol So, does the fact that my home state has restrictions on smoking in public mean that it's sliding toward Nazism? Because Nazi Germany did that, too...and I enjoy opera and have a mustache. Holy crap, I'm turning into Hitler!

    Because that is, after all, the full extent of your attempt at logic. The video doesn't even remotely promote immorality; rather, it does the exact opposite, pointing out the immorality of giving tax breaks to the wealthy while saddling future generations with debt.

  • The bush tax cuts are for EVERYONE not just the rich. Please read things before you make dumb videos. FAIL!

    What is rich to Obama? If you make 20k or more a year your rich... now how do you feel about the tax cuts? But what about those who make less than 20k a year? THEY DON'T HAVE TO PAY TAXES SO YUUDUP already about the "evil" tax cuts. Go read some books. They are full of words. Sort of like Youtardtube but with more facts and less opinionated babble.

  • @ensomniac45 What country are you from? This video was about extending the Bush Tax cuts to the rich. And "rich" in America today are those making more than 250k a year. The rich don't deserve any further tax cuts, because trickle down economics does not work. We have been giving it a chance since the first Bush tax cuts were in place and the country fell into a recession, does anyone else see a connection?

  • @ensomniac45

    "The bush tax cuts are for EVERYONE not just the rich. Please read things before you make dumb videos. FAIL"

    The video is not about the tax stuctureof the middle class and growing poor. It is about the tax cuts for the rich. Please watch things before you make dumb comments.

    ' If you make 20k or more a year your rich... " you

    You left out 4 zeros. The cut off os $250,000.

    Most of us got that.

    Do YOU support lower taxes for those owning 93% of all US wealth?

  • @HopeForPeaceNow tax cuts were extended for middle class as well, so stop freaking out people

  • And,

    what do two pices of shit, and Obama have in common?

    And, of course,

    by now everyone should know that the Bush tax cuts were fully extended for another two years.

    Thank you "President" Obama.

    "Chains you can believe in".

  • @bobbytiger the reason why the bush era tax vuts were extended unhappily by Obama was the republican/democrat ration in House right now. Republicans are the majority party in the senate and its dusgustong. If you should be mad at anybody on that point particular, blame the republicans for their continual disregard for paying taxes and the continual growth ov poverty in america..

  • @ZomBiezley Republicans are the minority in the senate, but you are 100% correct about everything else. Republicans can block legislation in the senate without a majority by using the filibuster.

    The last two years we saw the rise of the minority republican filibuster and fall of majority rule in the Senate. It is disgusting.

  • House Speaker Nancy Pelosi, D-Calif., called the estate tax the "most egregious provision" in the bill and held a vote that would have imposed the higher estate tax. It failed, 194-233. I guess I better find a job now.

  • What a dishonest and misleading piece of class warfare propaganda this is.

    The "super rich" "mega rich" "millionaires and billionaires" "richest 2%" - depending on who is whining about it -- the reality is that the tax rates in question apply to ANYONE making over $200,000 a year. That does not seem like "mega super anything to me. Especially since many of them, like I did, report their small business taxes on personal income tax returns.

  • ISLAM

    I spit in your Eye, yet my Head remains atop my Shoulders?

    Perhaps Islam is having difficulty locating me?

    Let us remedy that: 4015 S Urbana Ave. Tulsa, Oklahoma 74135

    JESSE QUINN HARRISON

  • Make those rich people pay more taxes, so I can keep my lazy butt on the couch and watch JWOWW beat the crap out of those girls on the Jersey Shore. Call your representative and make sure those rich people work even harder so people like me can stay home and watch the JJJJJJJJJJJJJJJJJJJJersy Shore. Party Time!!!!!!!!!!!!!!!!!!!!!!!!!!­!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • Funny How Some Think Giving The Rich Tax Breaks Will Jump Start The Economy .. Umm Well They Have Had Them For How Many Years And Where Is The Economy? The Rich Don't Give A Damn About The Poor.. Give Them A Tax Break And They Still Send The Jobs To 3rd World Countries.. Because In The End The US Is A Greedy Society.. The Rich Are Always Looking To Cut Corners Pay 5 Dollars A Day Instead Of 12 An Hour.. They Get Rich And The Poor On The Right Defend Their Right To Pay Less.. Strange

  • @RightWingBashers

    The only thing strange is the illogical rich bashing from people like you.

    You will never enrich the poor by impoverishing the rich.

    What exactly gives anyone a legitimate claim on what someone else earns anyway? The real greed is on the part of those who want something for nothing and use pity and extortion to get it from people who do something to earn it.

    As to your fallacious logic, the economy was fine until 2008 when uncertainty set in and bubbles burst.

  • @Ozmator Trust me raising taxes to what they were before bush fucked them up will not impoverish the top 2% not even slightly

  • @Toroa28

    I'll not trust you. Currently the top tax rate is 35%, it would be raised to 38 or 39% - not on the top 2% as you & so many others like to incorrectly state. But on anyone making over $200k/yr. I was one of those people and when the lower rates kicked in in 2003 I was able to hire an additional 5 people for my business. That allowed me to expand and hire more the next yr, And so on. That is where the damage will be done.

    If you can't see that you are either stupid or, nah just stupid.

  • @Ozmator The top tax bracket is $372,951 per year not 200k and if you could comprehend that you do not have to keep the highest tax bracket at that much but raise it even higher to maybe say 1 million per year which is what some democrats are proposing then you could give small businesses like yourself a break and still stop increasing the deficit

  • @Toroa28

    I comprehend it just fine. The Bush tax cuts provided everyone with cuts, not just the top bracket. Only a few % are anywhere near that. The rates that would be allowed to go up would affect all over $200k/yr (individuals) and $250k/yr (couples). Thats part of the fallacy involved here. The politicians all say millionaires and billionaires when the law says $200k.

    AND keeping taxes the same does not add to the deficit, not one f'n dime, period. Spending does add to the deficit.

  • @Toroa28

    I don't care what the higher bracket is or is proposed to be raised to. No one should pay a different rate than anyone else. Higher earning people already pay higher amounts, much higher in fact. If everyone paid the same % that would still be the case. Instead of punitive taxation on successful people.

    AND government needs to stop f'n spending. There is no revenue problem in DC it is a spending problem. No amount of additional taxation is going to fix that.

  • @Ozmator yes, spending too much money on our own WMD's to fight a 10 year war witch is continuing to make us broke.

  • @ZomBiezley

    ROFLMAO, spending in ALL areas is the problem. If you want to complain about war spending, you cannot selectively ignore reality. Such as the fact that entitlement spending far exceeds that of the 2 current wars. By about 100x, our unfunded liabilities are in the 100 trillion range.

    Also, I must inquire - What f'n WMDs are we using?

    And lastly, it's WHICH, not witch. Perhaps that is evidence that the Department of Education is also wasted government spending.

  • @Ozmator I didn't notice WHICH one I typed, my bad. but Buying jets that cost 750 billion dollars is bretty much a waste of money. an F-16 costs roughly 45 million US. $ with 2,000 airframes being delivered. not only is it all areas. its the money spend on overseas commodities like yours and my computers. and Yes I agree that every cent spend on ammunition, explosives, training SHOULD be used for education. after all, a nation of scholars could change more than a nation of tired soldiers.

  • @ZomBiezley

    There is no doubt that government spending is wasteful. On one hand I want the most powerful and well equipped Armed forces on the planet. On the other I do not want defense welfare, e.g. Europe, Japan, S.Korea.

    But we don't agree on education. Recall, I stated the money was wasted. and I meant it. The DoE constantly spends & regulates more and has lower results. There should be 0 federal dollars spent on edu. All of the funding and control should be at the state level, period.

  • @Ozmator You know why the DoE isn't accomplishing anything? Because people refuse to be apart of the education process, and if the DoE is getting so much money, why are teachers some of the least paid profesionals? are the officials pocketing it? like I said, Stop wasting money on wars which are mostly overseas affairs. why not bolster home defences then? There shouldn't be a rediculous amount of embassies aound the world being global police. Education is One part of having peace.

  • @Ozmator Of course theres a revenue problem why do you think they keep borrowing from China?, and dont tell me its because of overspending because republicans haven't cared about overspending for the past decade

  • @Toroa28

    Oh ffs, who gives a rats rear what people cared about for the last decade? I'm concerned with NOW & the future. Not with blaming one party or person. Spending has gone up steadily for a long time, but recently it has f'n skyrocketed. We've spent more in the last 2 yrs than in the decade prior. So don't give me that crap. As for the borrowing, we do that anyway and within reason it is not a problem. But the coming spending cannot be sustained - no matter who spends it.

  • @Toroa28

    It is and always has been overspending, overspending and over f'n spending.

    If you are out of money, stop spending. Thats pretty damned simple really. But no, jackasses like you want to worry about this party or that and raise taxes. That is damned stupid. Every time we turn around there is ANOTHER bill spending a trillion here, 800 billion there, another trillion etc. WTF do you think is gonna happen? There is a point where it is just f'n stupid, and we passed that a few years ago.

  • @Toroa28

    Additionally, the top 50% of the population already 97.3% of the income tax collected. The bottom 50% only pay 2.7%

    If you go to the top 10% [ >$113k/yr] (not even the mythical 2%) they still pay 69.94% of ALL income taxes collected. So you think they should pay MORE?

    Don't take my word for that, look it up at national taxpayers union or the IRS.

    As much as people like to claim only rich are greedy, there sure are a lot of people who want something for nothing.

  • Poor people are subhuman and generally ugly and stupid. So who the hell cares about their welfare babies anyways? Not me.

  • @DonnyDeutschisBigBro Clown Like You Have So Much Money .. On Youtube Making Childish Comments.. LOSERRRRRR

  • You people are great !!! So you are saying the less I work the more I 'm rewarded.

    Ya !!! make the rich work harder, make them pay more taxes, so i can sit home more and watch the Jersey Shore. You guys rock!!!

  • This is bullshit! People taking a risk, entrepreneurs, starting a business is what creates wealth! And you punish them if they make it, by raising their taxes? You should encourage it, not repudiate it! Makes me sad to see... / I'm swedish by the way, and we're seeing company-migration and high percentage of unemployment over here as a result of the high tax-rate. (We pay around 65-75% tax here) Which is outragous! So ask yourself - do you want that?

  • JWOWW is well worth the money.

  • We need the tax cuts for everyone to jump start the economy you moron!!!!

    Not not wasting it on that junk called the Dream Act..........

  • @bicround2006 We need the tax cuts for everyone to jump start the economy you moron!!!!>>>>

    the economy is broken, face it.. nothing can save it now. prepare for the worst. until it hits bottom nothing will get better. blame it on clinton and greenspan.

  • @navtel Car sales, up the last eleven months in a row. Home sales, up three months in a row. Industrial production, up 17 months in a row. Unemployment down from the peak, mass layoffs at their fewest since 1994...Yeah, nothing can save the economy now.

  • @Sylderon .. you just keep believing that.. the banksters love people like you. figures lie and liars figure.

  • Jersey shore girls are HOT !!!

  • The stimulus is the only reason we're not in another Great Depression. This recession is good times compared to 1933- ask anyone who was there or check news photos, if you don't believe me. Tax cuts- The super-rich will use their windfall to buy more gold and offshore more jobs, like they've been doing, while the deficit is increased by another $700 billion. Great strategy!

  • I'm just waiting for the Republicans to be in control of the House after Jan 1. That along with protectiing the top 2% from tax increases will make the unemployment extension unnecessary. There is just going to be jobs for everyone!!! Really, just ask Boehner and Pence, and Cantor---you betcha---not

  • Well tax cuts for passing unemployment benefits. I'd say its a fair compromise. What are we going to do about the deficit now? Maybe we can stop giving money to wall street, GM, and pissing it away on stimulus.

  • Call my representative?!!

    I don't HAVE a representative. I am a simple human being, not a theocratic corporate fascist. I don't have an artificial personhood, on which to blame my habitual amorality, my narcissism, my hubris, & my avarice. I have to actually live with, and face up to the consequences of my actions, & inactions. Unfortunately, I also have to live with the consequences of the actions & inactions of those who ARE represented in The United Theocratic Corporations Of Global Fascism.

  • The only way we're going to take our country back from these corporate thugs is for everyone to start voting democrat across the board

    And DO NOT fall for the teabagger crap about socialism, communism, etc. Like usual, they're nothing but complete lies designed to keep republicans in power. I guess the working man's tax dollars are to be used for america's well being and its expenses, while the wealthy's tax dollars are returned back to them so they can buy another vacation home. Wake up people

  • This video is geared towards economic Illiterates and it is nothing more than Class Warfare. Let's look at the Numbers: The Video would have you believe that the Bush tax cuts are only going to people who can afford these extravagant things. The Upper end of the Bush Tax Cuts are for those making 250K per year.

    Pet Chimp 60k is 25% of your annual income if you make 250.

    Jersey Shore Peeps & Playboy Skyvilla is 32% of your annual Income

  • @jonkabbash my friend seriously now tax cuts for rich people even people on 250k a year is a joke think about it you just did the math on the pet chimp, jersey shore and the skyvilla and even after paying they would still have more money then most maybe you missed the point on this issue but the overwhelming majority of the people dont earn that much in three years not to mention the cost of living, the western world is enormously out of balance and its getting worse

  • @cjhmmp My point stands and this video is a misleading lie. It is geared towards the economically illiterate. Answer my question...Do you know anyone that would spend 32% of their yearly Pre-tax income on 2 nights in Vegas? I would say you don't.

  • Now..Do you know anyone that would spend 32% of their yearly Pre-tax income on 2 nights in Vegas? Or a Party with the Douchebag Cast of The Jersey Shore?

  • @starraider113 One more thing I don't believe companies can outsource necessarily without some tax. I'm sure you know what negative externalities are, the people who are unemployed struggle and cease to be tax contributors. A social catastrophe, ever visit the Mid-West? My big fear is that once wages rise in China and U.S. Capital leaves for profit, China will nationalize them out of negating bad externalities, they'll convince the US whom they impoverished to start WWIII over their profits.

  • @starraider113 By the way sorry for the long responses and fuck all these typos I made. I'm a grammar "Nazi." lol

  • @starraider113 I would never advocate wage and price controls, people tend to believe modern socialism is either communism or socialism of the past. It's a European variant, I do believe in Free Trade but it needs to be truly "Free." Meaning fair, I'm saying if China is inflating the Yuan relative to the dollar to boost exports and then raise tariffs on us when we try to export that is BS! It benefits speculators on Wall Street. That's why the minions on CNBC call it "Free Trade."

  • @starraider113 I would never advocate wage and price controls, people tend to believe modern socialism is either communism or socialism of the past. It's a European variant, I do believe in Free Trade but it needs to be truly "Free." Meaning fair, I'm saying if China is inflating the Yuan relative to the dollar and suppressing wages to boost exports and then raise tariffs on us when we try to export. It benefits speculators on Wall Street. That's why the minions on CNBC call it "Free Trade."

  • @starraider113 That's awesome, I'm a Theoretical Physicist whose first love was economics. Listen I was sincerely in the Friedman Neo-liberal camp and even before then an Austrian. Mech Engineer is one of the best degrees you can have, however you are still protected under certain tariffs etc. Trust me, India controls Knowledge economics and China Manufacture economics. If the U.S doesn't protect workers like Merkel's Germany, trust me Engineers in Private Sec will be outsourced too.

  • @starraider113 Not only didn't they grow wealthier by stagnating wages but they also convinced American labor that their own Unions were bad! Pysch ops 101! Even when American workers were made poorer adjusted for inflation, even then they said "Fuck'em" and went to virtually impoverished nations to create uber cheap products and ship back here to sell to us. How? On the very same credit they issued to us as credit cards! Yes... the U.S. is a plutocracy and sites like Cato, Mises uphold it.

  • @starraider113 I noticed a very psychological trick that's deployed to fool average Americans. I noticed under websites like Mises.org and Cato etc. Liberalized Capital only benefits the owners of Capital, it destroys labor and the real economy. The U.S. has no real economy anymore. I don't count services, we don't manufacture anything. Wages have not risen here since 1973 but yet the U.S. has become wealthier. How? The Rich have delighted in keeping wages low and taking the surplus.

  • @starraider113 It's bad economics at least for labor but bad ethics. Labor arbitrage works for the owners of capital. Meaning if Vietnam says to Nike, "Yes, come pay our workers 25 cent a day for 18 hour shifts," not only does it destroy U.S. workers but makes labor in civilized society made to compete with virtual Asian peasants. I say this being Indian, I don't think it's right that Engineers now have to compete with Indians one's earning $10,000. Market Fundamentalism is a tragic myth.

  • @starraider113 The decades where we've had strong industrial growth in the "real economy" and not just the speculative economy we had very high tax rates on wealth even up to 90% under GOP president Ike. Says a lot when even modern socialists like me think that's too much, however we cannot do that today anyway for the simple reason markets have been liberalized and money can go to where there no regulations and taxes. I thank that is bad, as I've studied it has disastrous secondary effects.

  • @starraider113 The Fiscal Budget Surpluses between 1996-1999 under the Clinton admin but was really put into place as "Pay-as-you-go" under Bush I and an increase in taxes. That's misleading, actually the boom was in the financial and tech sectors during the 90's as derivatives and Web 1.0. However those are misleading statements, Capital Gains were "cut" and Income taxes increased under Clinton and we boomed even more.

  • @starraider113 I would further state we had Surpluses from 1996-1999 and I would say every social program was more than solvent, we were even a creditor nation if you could believe it. Even as a Democratic Socialist I will admit the path to those budget surpluses were paved by H.W. Bush but his son was a disaster, the SSI Trust-Fund was spent in Iraq, two unfunded wars, unfunded tax-cuts, job and wage stagnation and eventually decline. No wonder Bush I is never seen with Bush II. Apocalyptic...

  • @starraider113 Actually I don't know about the IOU's in the Trust-Fund but I would prognosticate you're absolutely correct. The tax revenues taken in by the Federal Government has been enough to handle it, about $1.3 Trillion annually from an economy worth $14 Trillion, which is far too little revenue from an economy this size which shows the rich are not paying their share and their money has been moved to tax havens. Almost an abandonment of their native country.

  • @starraider113 Idiot, obviously you no nothing about the Budget Deficit nor National Debt. Social Security is the only solvent entitlement as clarified by the Deficit Commission and even the Peterson Institute. It has reserves until 2075. However the problem is that Republicans either exaggerate the need for it being "public" or blatantly lie by saying it is on the verge of insolvency. Why? Wall Street Lobbyists are licking their chops to hand a Trillion over to their criminal friends.

  • people with money dont invest they go to wall street to scheme and make more money , none is investing in business here they do in china though

  • The loss of a 3% tax reduction is a far cry from "going through the roof".

  • I think instead of posting here "how the call went" we should start thinking about what we're going to do when they ignore us and keep them. That "hope" train has left the station. While we're all hoping, they're all robbing us blind. I'm personally not happy that I'm paying for Bill Gates house while he's destroying the schools in my neighborhood. And, yes, I do happen to live within about 6 miles of Bill. And, yes, they're firing teachers and hiring full time "temp" teachers instead

  • @starraider113

    I thought I wasn't going to give this post anymore time LoL.

    Anyway, you appear to be a reasonably intelligent person from what you've written and that's why I removed one of my comments referring to you. There are some things you've written that I disagree with, but others I do agree with. For me, it's the behavioral side of econ that tells me "Trickle down" won't work. In fact, it reminds me of another idea - Tragedy of The Commons.

    OK, that's it for me.

    You take care as well.

  • @starraider113 you ask "where has trickle-up worked? Capitalist countries, like America, is where it has worked. The wealthy keep getting wealthier, while the working-class supports them.

    Bill Gates and friends will still come up with ideas regardless of their tax bracket. I'm not calling for the impoverishment of the rich, simply a more just world.

  • @asleepwithsheep .......UH PLEASE NOTE WHERE BILL GATES PUTS HIS MONEY AND HOW MANY FOUNDATIONS HE SUPPORTS? PICK ON OTHERS WHO HAVEN'T A CLUE HOW OTHERS SUFFER.

  • @asleepwithsheep Furthermore, this is a tax on aggregate earnings. For example, if they did have a net worth of a billion dollars and they made two million dollars last year and three million dollars this year. They are not going to be taxed on the billion or the two million or even the three. They are going to be taxed on the million dollar extra they made compared to last year. We are talking of lots of money cause they are filthy rich but a small % of total net worth.

  • @starraider113 Trickle down has never worked and I defy you to show me any hard data showing otherwise. Tax cuts for the wealthy do not pay for themselves, contray to Republican mythology

  • @starraider113

    I don't have anymore time to spend on this, so I'll end with this last reply.

    Some of your arguments about Clinton are totally correct. However, you're wrong about the idea of "Trickle Down" in reality. It could work like so many other great ideas, but very few people are altruistic, or willing to reinvest in the society that allowed them to become wealthy. That is why it is flawed and hasn't worked, or will never work in a capitalist society.

    Thank you for the healthy debate.

  • @starraider113

    What school did you take economics at?

    I took my courses at UC Davis and graduated this past June.

    From what I experienced, and what I learned, "trickle down economics" didn't work during the Reagan or Bush Jr. years. Comparatively, there was more innovation and job creation during the 90's, so your argument is flawed.

  • mr employer will be protesting if they dont pass the tax cut he will layoff 66 employees because with the tax increase they cant afford it

  • Thumbs up if you are against the government using violence to take people's property to fund the CIA, ATF, TSA, DEA, FDA, FCC, ICE, WAR, Israel, mexican immigration, welfare, and heroin growing in Afghanistan.

  • Well, its hard to argue that wall street didn't steal money from America but I will argue that for a different reason. The bankers stole money via bailouts from the government. Do you really think the biggest problem right now is our infrastructure? Who cares about the roads. I might not been alive when the tax rate was 91%, but I guarantee no one paid that. They probably had all kinds of loop holes and off shore accounts to hide their wealth. You'd have to be crazy to work for 10cents on the $.

  • Will someone tell me?? Are they really saying Bush's tax cuts, the top 2% of the Rich - pay lower taxes than the rest of us???

  • Republicans are fucking bastards. That little shit Scott Brown denies people out of workl unemployment benefits, crying the 56 billion needs to be offset so future generations don't get stuck with the burden, and at the same time the prick is trying to give 700 billion in tax cuts to millionaires without any way to pay for it. This is what you call a Hypocrite, with a capital H! When Bush passed those tax cuts, 450 economists (Repub & Democrat ) told him not to do it cuz of our debt.

  • @HemiHead66 Indeed, over a million people are losing their unemployment Benefits and all the Republicans seem to care about is that 2% tax cut for the rich. Insanely hypocritical. Unemployment comes with a price tag but tax cuts for the rich don't! The truth is the Republicans want more Americans unemployed so they can be angry and blame the Dems for their misfortune. This is all about getting a Republican in the White House, no mistake about it. It is incredible what they are doing.

  • @KarsiaDave You got that right! Their mission is to see Obama fail. I know how the Repubs got elected, the exit polls said it all. Seniors turned out in record numbers. They used ads to lie to seniors about the healthcare bill. I don't understand why people can't see through their bullshit. They lie about everything. Are people really that dumb?

  • @HemiHead66 If theres one thing the Republicans have mastered, its playing to the fears and anger of Americans by using half truths and lies. A few years ago, i was a Republican, but after seeing what they are willing to do to the American people JUST TO WIN, I have since spit on their banner in disgust. The Republicans have turned into a delusional Horde on Huns.

  • @KarsiaDave Actually, by extending unemployment benefits you are encouraging unemployment. If you think about what you are saying, Republicans don't want unemployment benefits because they want people out looking for work. Jobs are out there, it just takes some effort to find them. Why should they put any effort in when they can just kick back and get your check for nothing? If they stop benefits unemployment will go down because when you subsidize something you get more of it.

  • @Devious2323 Right... good jobs, like Burger King? Its amazing that you think people that are making 50% to 75% less on unemployment are somehow content to sit at home and waste away. Yet another shocking revelation from the land of the Republicans. I don't think the Republicans have every been as out of touch with real Americans as they are now.

  • @KarsiaDave It sounds like you don't understand what an opportunity cost is. I would gladly take half my pay to go on a paid vacation, who wouldn't? Unemployment benefits are already extended to 99 weeks, enough is enough. As long as people know the money is there they won't be looking for jobs. Even Obama's former economic adviser Larry Summer said that if you extend unemployment benefits it will raise unemployment by as much as 1%.

  • @Devious2323 Hey Devious, don't you know that you can't collect unemployment unless you're out looking for work? And they check. The actually call the places. And there aren't jobs out there. I've got one friend that was making about 75k a year and couldn't even get a call back at Food Lion. I think you fail to see how many millions of jobs this country has lost over the last decade alone. And most people couldn't take a Burger K job instead of unemployment, they'd probably lose their homes.

  • @HemiHead66 Its not that hard to say that your looking for work. You don't even have to check in in-person anymore, you can do it all online. Jobs are out there, you just have to look for them. What's wrong with taking a job at Burger King or Labor Ready if that's the only place that's offering work? If someone lost their job and can't make their mortgage payment, o well. That's life. I guess we should just give everyone a free home like before because that worked out so well.

  • @Devious2323 I don't care how unemployment works now, they check to see if you looked for work. Copying from the phone book doesn't work. And jobs aren't out there. Millions of people have totally given up looking for work. And fuck you with your lose your home oh well. Let me see you run your mouth when your home goes on the auction block. If they can bail out bankers, and let their outsourcing friends skirt billions in taxes, they can give people unemployment benefits that fuckin pay for them

  • @HemiHead66 For your information, I just lost my home last month. I am currently renting right now. It sucks, but its not the end of the world. I do agree with you though. I can't that they bailed out the banks, they could have payed everyone's mortgage and let all the banks fail. But that's not what happened. It sucks for people that are loosing their unemployment benefits, even though they have been on it for 99 weeks, but i believe that it will be better for the economy if they don't extend.

  • You can have a difference of opinion; and I do my best to respect anyone's. However, fighting at all, but especially as hard as the Republicans are, for the have's to keep on having when those who never had much are struggling just to stay afloat is unequivocally IMMORAL.

  • you are an idiot.nuf said

  • how about raising the taxes on rich, who don't pay near 50% like some people are claiming here. Even Warren Buffet acknowledges that they don't pay even around 20% tax. Why should the rich who create jobs elsewhere get a permanent tax cut is beyond me? How about raising taxes to Clinton levels for the rich people and cutting government spending at the same time, like stopping wars and getting rid of TSA and other agencies created by Bush, which should help to drastically reduce the US debt?

  • @ppraish When you consider federal tax, state tax in places like California, SS taxes, and property tax it comes out to about 50% in taxes

  • 50% in tax- basically means that we pay more than the french and europeans - except they get a lot more for their tax euros than we get for our dollars. they get free/affordable college, universal health ins, affordable day cares, 4 - 6 weeks vacation, 1 yr of paid maternity leaves. all of that is "dirty socialism"! it's much "better" to be loaded with debt like americans in this credit card nation: like $60,000 in student loans; law school now costs $300,000! insane! $300m or "socialism"?

  • Wealthy people provide jobs. If you tax them more they fire people or do not give raises, simple as that. Also, any family will be hurt badly if Bush tax cuts are not extended. Not only should they be extended, they should be permanent.

  • then dont complain about the fed deficit. tax breaks for the wealthy were aimed to produce jobs but they have not produced anything significant. perhaps some landscaping jobs for illegals. bush adm had a dismal job creation record - only 3 mil jobs created in 8 yrs! compare this to 20 mil jobs created in 8 yrs of clinton. pathetic. so where is the proof that these tax breaks created job? it's a mythology. so if no significant # of jobs were produced - why gift them - at expense of fed budget?

  • this video is retarded...

    implies that the people getting the tax cuts will spend their money in that way...

    what a load of crap

  • Tax the wealthy got yeah!

  • Looks like the US has turned into government of, by and for the rich. The rest of us peasants just don't count in this so-called "democracy."

    Furthermore we are not going to end the endless wars because while thousands die, there is money to be made - money on which many of these war parasites will not be taxed.

    Is this a great country, or what? I think, or what. You can add to that.

  • @Janba32 First of all, did any of those rich people take your money from you? They earned that money they didn't steal it. Second, do you really believe that most wealthy people that earned their money because of the war?? Maybe some politicians did, but they are both Republican and Democrat (see Diane Fienstien). The people that you want to raise taxes on are already paying most of their income in taxes. Here in California people making 200k+ are paying 66% of the states taxes.

  • @Devious2323 Yes they stole. They stole the money that could have gone to pave our roads, rebuild our decaying infrastructure etc. Many of them were crooked hedge fund operators while others headed insurance companies and were paid many millions to deny health care to policy holders. You are very young so you don't remember a time when the top tax rate was 91%. The rich had their Rolls Royces and their homes in Beverly Hills. But almost everyone was employed because the rich did not close (cont)

  • @Devious2323 the factories and move them offshore where they could hire the cheapest labor and make the greatest profits. Did you know that the new airport X-ray machines that are making millions for people like Michael Chertoff are made in Malaysia?

    If you really want to reduce our budget then you had better advocate for an end to all our wars, an end to the 780 military bases around the world, an end to the propping up of the military/industrial complex.

    Our country is going down the tubes.

  • Just google Swat team raids farm this happens all over the country.

    Better yet drive out to a rural farmer and ask anyone who actually makes food.

    watch?v=ifvp3Fxi7Uo&feature=fv­wrel

  • They have 5 dairy cows btw.

  • priceless...

  • There is a particular irony in Republicans saying that we must have these tax cuts for 2% of the population, while blocking an extension of unemployment benefits because there is 'no money to pay for them'.

  • @Sylderon Rebuplicans are right when they say we have no money to pay for them. We have a $1.6 trillion dollar annual defecit. I know it sounds cruel to say that they should not extend unemployment, but give me a break. Some people have been on unemployment for over 2 years. I wouldn't want to go back to work if I knew the government would keep paying me to stay home. And when they extend the benefits, it comes straight outta the tax payers pockets.

  • @Devious2323 My point is that they do not seem to apply that test to other federal spending, such as the tax cuts.

  • @Sylderon Maybe instead of raising taxes on the people that are already paying nearly 50% of their income to the government, they can decrease the amount of money that they are spending (wasting). Raising taxes and cutting spending are not the same thing. We don't need a bigger government. If Obama (and Bush) hadn't blown the debt up so big in the first place we wouldn't even have this problem. Now we should cut spending w/o raising taxes to get the government back in check.

  • @Devious2323 The top tax rate for the top income bracket was actually 32%, if I remember correctly. Also, despite what you may believe, not all money spent by the government is wasted.

  • @Sylderon The federal income might be 32% but your not considering all the other taxes that rich people pay. I live in California, and if I made over $250k I would pay about 50% after federal, state, property and SS taxes. The government might have a role in society like defense, but they waste money on ALL levels. There is no profit motive, so they don't care how efficient things are. The bigger the budget, the more clout that department gets. Govt is full of waste you fool.

  • @Devious2323 Boo hoo for rich people, then. I said that the top federal rate was 32% Now it's 28%. There will always be waste and inefficiency in government, unfortunately, just as there is waste, inefficiency, and fraud in private enterprise. One good point is that the government is open to inspection, scrutiny, and audits to identify waste and hopefully eliminate much of it. Besides, the government has a larger role in society than just defense.

  • @Sylderon It must be nice to live in your world where the government can do no wrong. If you want to know the role of government in society, I suggest that you read the Constitution.

  • @Devious2323 While it would certainly be nice to live in such a world, we don't, nor did I ever say that we do. Also, I have read the Constitution.

  • @Sylderon When did the role of government become to provide a welfare state for society? As much as it may bother you, our governments role is to personal and economic freedom, not economic equality. Taxing people just because you think they don't deserve the money is immoral.

  • @Devious2323 If you read what I actually said, you'll notice I never mentioned any of that. Please stop making assumptions.

  • @Sylderon I apologize. If you don't believe the governments role is a welfare state, then why raise taxes at all? In your previous comment you sound very resentful towards rich people. Were you robbed by a rich person? Please tell me why you think taxes should be raised on anyone right now.

  • @Devious2323 Taxes should be raised on the rich because the middle class pay TOO MUCH in taxes and things like roads, schools,health care, middle class wealth suffer when the middle class is forced to shoulder a majority of the tax burden.

    Yes the middle class was indeed robbed by the rich. In 1976, 99% of us had 80% of the wealth, today the bottom 99%(that includes you) only have 53% of the wealth. So which way has wealth been redistributed in the last 40 years?