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Old 11-12-2012, 01:28 PM   #101
StillSublime
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Originally Posted by L2112Lif
I went in and looked it up just now, my apologies for being thick.
Whoa, you actually fact checked? You are officially my favourite pit-goer.
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Old 11-12-2012, 01:53 PM   #102
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Quote:
Originally Posted by L2112Lif
I went in and looked it up just now, my apologies for being thick.


Can this guy get an award?
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Old 11-12-2012, 01:58 PM   #103
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Originally Posted by L2112Lif
Actually, that's reasonably illegal and easy to trace.

all candidates are given some tax money for campaigns to make elections more fair
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Old 11-12-2012, 02:24 PM   #104
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Originally Posted by Neo Evil11
Why are you arguing me?



just explaining what I meant
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Old 11-12-2012, 02:28 PM   #105
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Originally Posted by L2112Lif
I went in and looked it up just now, my apologies for being thick.

Damn! My respect for you has gone up, man!
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Old 11-12-2012, 02:30 PM   #106
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Originally Posted by captaincrunk
all candidates are given some tax money for campaigns to make elections more fair


I know, I meant beyond that... Today is not my day on the internet, is it?
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Old 11-12-2012, 02:38 PM   #107
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we should raise taxes on the wealthy

no nevermind that'll never work
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Old 11-12-2012, 02:44 PM   #108
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Originally Posted by Diamond Dave


just explaining what I meant

It felt really strange. I made a comment about how people should stop arguing about stupid stuff, and then you started arguing about why people argue. I felt like you were trolling me.






and you probably are. Well played.
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Old 11-12-2012, 03:00 PM   #109
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Cut the military budget, it's ****ing cancerous. 700 billion a year? Really?
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Old 11-12-2012, 03:09 PM   #110
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Originally Posted by beadhangingOne
Cut the military budget, it's ****ing cancerous. 700 billion a year? Really?


I'm former military and a strong supporter of the military, but I still agree with you...

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Originally Posted by captaincrunk
we should raise taxes on the wealthy

no nevermind that'll never work


I would support raising the Capital Gains tax to the same rate as personal income tax.

It's a national travesty that some trust-fund asshole pays less as a percentage in taxes than the poor bastard that works his ass off.
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Old 11-12-2012, 03:14 PM   #111
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Originally Posted by beadhangingOne
Cut the military budget, it's ****ing cancerous. 700 billion a year? Really?

faaaark...

I occasionally hear "oh yeah, the US spend a lot on its military.." but that is an obscene amount of money.
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Old 11-12-2012, 03:42 PM   #112
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Or we could have lowered taxes, allowing businesses and citizens to expand, and buy more stuff. On a global scale, lower taxes also make your country more attractive to do business in.

Why do you think the UK is trying to court French citizens who are prepared to make a mass exile if and when their 75% tax rates go into affect. Why do you think there are more corporations than people in Luxemburg?


You mean like Bush did, before 2008? Don't make me laugh.

It isn't a 75% tax rate. It's a rate of 75% on anything over £1m per annum. VERY different.
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Old 11-12-2012, 03:48 PM   #113
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It should give any reasonable person pause that the Republican plan for when the economy's doing well and the Republican plan for when the economy is doing poorly... are the exact same thing. Cutting taxes.
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Old 11-12-2012, 03:49 PM   #114
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Originally Posted by ErikLensherr
It should give any reasonable person pause that the Republican plan for when the economy's doing well and the Republican plan for when the economy is doing poorly... are the exact same thing. Cutting taxes.

Thank you.
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Old 11-12-2012, 04:29 PM   #115
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I love how there's so much rhetoric about spending cuts, yet nobody seems to be legitimately proposing cutting the waste that actually makes sense to eliminate. Instead the discussion seems to drift towards essential and important programs. Obviously military spending is one of the biggest examples of this, but there are tons of other seemingly incoherent and unreasonably bad programs that get the green light to continue regardless of whether the Republicans or Democrats are dictating policy. The whole debate is pretty loaded with hypocrisy and stupidity when you look at it in its full scope. I mean, I'm pretty think and even I can see realistic ways of making sensible cuts while still keeping necessary programs going full steam.

That's about as much as I can add.
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Old 11-12-2012, 04:37 PM   #116
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Originally Posted by Thrashtastic15
I love how there's so much rhetoric about spending cuts, yet nobody seems to be legitimately proposing cutting the waste that actually makes sense to eliminate. Instead the discussion seems to drift towards essential and important programs. Obviously military spending is one of the biggest examples of this, but there are tons of other seemingly incoherent and unreasonably bad programs that get the green light to continue regardless of whether the Republicans or Democrats are dictating policy. The whole debate is pretty loaded with hypocrisy and stupidity when you look at it in its full scope. I mean, I'm pretty think and even I can see realistic ways of making sensible cuts while still keeping necessary programs going full steam.

That's about as much as I can add.


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Old 11-12-2012, 04:39 PM   #117
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Originally Posted by magnus_maximus
You mean like Bush did, before 2008? Don't make me laugh.

It isn't a 75% tax rate. It's a rate of 75% on anything over £1m per annum. VERY different.


fairly certain the US had a similar policy decades ago. except the percentage was closer to 90%. I'd like to see that come back eventually. in the words of George Romney, no one needs that much money.
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Old 11-12-2012, 04:39 PM   #118
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Originally Posted by magnus_maximus

Oh my god a typo what a brilliant contribution to the thread you made by catching that. You're a regular UA$.
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Old 11-12-2012, 04:46 PM   #119
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Old 11-12-2012, 04:55 PM   #120
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It would be a good start if everyone pulled their heads out their asses and came to the simple conclusion that there is no such thing as a free lunch. If you really want something you need to get off of your dead backsides and get it for yourselves.

From the results of the last election, it's apparent there are many who still don't recognize those simple facts of life. Facts that have been proven over and over again and are being proven yet again right now today in Europe as their economies take a tumble one after another.
DUH!! It ain't exactly rocket science folks.

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So, as I'm sure we all know by now, the US is approaching a pretty big issue. Between Bush-Obama tax cuts expiring and huge spending cuts from the debt ceiling crisis taking effect, we are fast approaching a "fiscal cliff". In more detail (from Wiki), the following policies are set to take effect on January 1, 2013:
  • Expiration of the Obama tax cuts provided for in the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010
  • Across-the-board spending cuts ("sequestration") to most discretionary programs as directed by the Budget Control Act of 2011
  • Reversion of the Alternative Minimum Tax thresholds to their 2000 tax year levels
  • Expiration of measures delaying the Medicare Sustainable Growth Rate from going into effect (the "doc fix"), most recently extended by the Middle Class Tax Relief and Job Creation Act of 2012 (MCTRJCA)
  • Expiration of the 2% Social Security payroll tax cut, most recently extended by MCTRJCA
  • Expiration of federal unemployment benefits, most recently extended by MCTRJCA
  • New taxes imposed by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010.

So do we compromise? And if so, how exactly? Not raising tax rates but closing deductions and loopholes? Negotiating on cutting less? Or do we maintain gridlock and go off the cliff? Would we be better or worse in the long run?
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