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View Diary: Sorry, but the GOP has already won the fiscal cliff talks. (75 comments)

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    •  Why doesn't somebody (5+ / 0-)

      advocate that the middle class get relief from all taxes for a few years and let the wealthy pay for it all?

      After all, that's where all of the money is--is with the wealthy.

      The banks have a stranglehold on the political process. Mike Whitney

      by dfarrah on Mon Dec 03, 2012 at 04:32:00 PM PST

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      •  Because the wealthy are the job creators (1+ / 0-)
        Recommended by:

        Didn't that line elect President Elect Romney?

        "We have always known that heedless self-interest was bad morals, now we know that it is bad economics." Franklin Delano Roosevelt, Jan. 20, 1937

        by Navy Vet Terp on Mon Dec 03, 2012 at 04:35:37 PM PST

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      •  Actually, why doesn't somebody (7+ / 0-)

        argue that we can let the tax cuts on the wealthy expire, slash the military budget, enhance Medicare and Medicaid coverage, restore the Social Security money lost to the Social Security tax cut, and start setting aside money for those PPACA improvements we were told would be approved someday if we just got the d**n thing passed in the first place?

      •  Because taxes are the shared responsibility (1+ / 0-)
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        of those with the ability to pay them.

        The more ability, the more paying, sure, but let's not lose sight of the shared sacrifice part.

      •  dfarrah - hard to do with just income taxes (1+ / 0-)
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        The problem with the top 2% is that there are just 2% of them. Even if we taxed all of their income at 100% we would not match the current total federal individual income tax revenues. At very high tax rates people would defer income so there are diminishing returns as rates go higher. We could only have a wealth tax if a new Constitutional Amendment was passed authorizing it like with did with the Income tax (16th Amendment). Plus it's not a proposal that Congress would take seriously.

        "let's talk about that"

        by VClib on Mon Dec 03, 2012 at 04:52:58 PM PST

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        •  What happened? (1+ / 0-)
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          Many years ago, people did not have money, only the wealthy few had money.

          So, what happened in the interim that allowed our nation to grow and prosper, growing a large middle class on the way?  We were able to afford public schools, the highway system, the space program, libraries and on and on.

          Now we can't afford anything.  So what happened back then to change from a concentrated group of wealthy people and mostly poor people, to a group of largely middle class people.

          Something got the ball rolling--what was it?

          And why can't we cause that to happen again?

          The banks have a stranglehold on the political process. Mike Whitney

          by dfarrah on Mon Dec 03, 2012 at 05:11:09 PM PST

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          •  dfarrah - that's a new question (0+ / 0-)

            I was answering your earlier question of why we couldn't have a two year complete federal income tax holiday for the poor and middle class and have the wealthy make up the difference.

            I don't have the time to try and give you an answer to your new question.

            "let's talk about that"

            by VClib on Mon Dec 03, 2012 at 05:33:55 PM PST

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      •  That means the Democrats would have to (1+ / 0-)
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        fight. They can't, or won't.

        Send conservatives to for re-education.

        by filthyLiberalDOTcom on Mon Dec 03, 2012 at 07:17:52 PM PST

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