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Who is to blame for the current economic problems : Swingers Discussion 1340141031
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TOPIC: Who is to blame for the current economic problems
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jin where do you get off on saying I pay little or no taxes? I try to pay as little as possible but there is no way out I pay a lot of taxes.

I only briefly mentioned taxes as a part of income. However, I'm guessing you offended a lot of people when you said people in the $30,000 to $50,000 don't pay taxes! They do pay taxes!

There is the old saying, figures don't lie but liars figure. That's another way of saying there are many ways to tell the story. Yes the wealthy pay more in income taxes than the poor. However, as a percentage of income the 30 to 50 crowd pay far more than those with far greater incomes. We have expensive habits. If we were to take all the expenses we have as a country and divide it up for every man woman and child there is no way the vast majority of people could ever pay their share. Therefore, the wealthy have to pay more or we have to cut out expensive options like war! As far as exemptions the wealthy have far more available to them that the middle class. If your income is all W-2 you are pretty much screwed. If you have a business there are a lot of options. Take Haliburton for example, they were paid Billions by the taxpayers then they move to United Emerites to avoid paying taxes!

This economic collapse was all about Greed and it's going to happen again. We've obviously not learned our lesson. When it does it will be the middle income people who work hard and pay taxes who will be hurt the worst. At some point those people are going to blow. The question is when?

Las Vegas NV
 
 
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Looking, I didn't mean to imply that those making $30,000 to $50.000 were the only ones affected by this economy. This economic collapse affected many people from poor to wealthy. The point was how long to do these middle class Republicans sit around watching others use their money make a fortune giving you a tiny percentage. Then when these pyramids fail they expect you, the tax payers, to bail them out? When they get bailed out they use your tax money to pay themselves even bigger bonuses for failure! Even if you are true believe in trickle down thing, you have to at some point be questioning the validity of your beliefs?

When you are fighting with your insurance company because they deny coverage. Do you ever wonder why the CEO needs $24 Million to live on? Seriously why do these people need this much money? I'm guessing most of you have no idea whats in your insurance policies. If you actually read them I think you would be shocked at what's not covered. Wouldn't it work better if they paid their CEO's a little less and paid a few more claims that they should be paying?

You can ignor all of this, but the fact is if we don't get our greed in line with reality we are doomed as a country, it's that simple.

Las Vegas NV
 
 
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-Mr and Mrs, when I try to make comments on the political forum the submit button forwards me to a page saying there is an error and they are working on it.

Very weird. I haven't heard of anyone else having a problem... or maybe they can't post at all.

Columbia MD
 
 
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sorry, the devil made me do it.

Philadelphia PA
 
 
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Good god folks, we're all screwed in the ass no matter how you look at it. Bad loans by the banks, bad decisions by the government,,,yada, yada, yada....leave this crap out of the site and take it else where...

Cypress TX
 
 
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now i have to jump in....

i will never admit to either party so this post is not connected to either one. nuff said about politics for what i am about to say.

for the past 8 years all we have heard is that the wealthy got big tax breaks and the little guy got the shaft.

i know mr vegas you did not really say all that but you did mention the big breaks for the wealthy and the 30-50 k guy watches in vain.

to that end i offer the point that many of the 30-50K crowd no longer pays any federal income tax as a result of the tax policies of the previous admin and that of the tax changes from 1986. it is a well known fact that the top 50% of taxpayers accounted for 96% of all tax revenue. in 1986 the bottom 50% accounted for 7% of all tax revenue and in 2006 they accounted for 3%. this is a result of of many more legal escapes from taxes through additional exemptions and credits affecting those in the lowest bracket. (such as child care and edu) i do not have the figure here but many more even qualify for a NET tax liability. 26% of all filers have no tax liability at all. in 2003 there was also a 10% bracket added to the system which reduced the burden for the lower earners as more of their real income dollars would be subject to 1.) exemptions and standard deductions, then 2.) a low 10% tax, then 3.) a 15% expanded bracket.

it is really hard to justify your complaints about tax inequality when you pay little to no tax. the high income earner was reduced from a top rate of 39 to 36 and everyone bitched. at 500,000 they are still paying in excess of 150,000 to the IRS. if you pay nothing how can you bitch that his annual rate saved him 10,000-15,000?? lastly, if it weren't for the workers and teachers this country could not run, period. if it were not for the entrepreneurs and corporations and executives and wealthy people there would be no jobs for everyone else, and there would be no one paying 150,000 per year to the treasury while the single teacher is able to legally able to pay ZERO. if mr. wealthy paid less and trash man paid more i could see the revolt. both groups actually need to recognize the importance of each and stop bitching.

i just had to get that out. sorry for the rant.

Philadelphia PA
 
 
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"I'm talking about "average" Americans the people who work hard and make $30,000 to say $50,000 a year."

Why is it that a person who earns in excess in that amount is not affected? This economy effects those who earn over 50k as well as those making 60k, 70k, 100k or more . Just by the simple fact a person makes mre money does not mean they are not affected , do you think prices are just up for those who earn only 30-50k. Contrary to popular beliefs this econoy has affected for those who earn over 200k . Jealousy is what drives this hatred for those who earn so much.

Burlingham NY
 
 
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I not implying that greed is limited to conservatives by this question. However, do any of you think that there will become a point in time the conservative base will have had enough?

I'm talking about "average" Americans the people who work hard and make $30,000 to say $50,000 a year. These are the people who have had to make sacrafices in order to survive this economy that was obviously destroyed by the greed of others. They can't take vacations any more and they have to watch how much they spend on food as they are one pay check away from financial disaster. They support the trickle down theory where we give the mega wealthy all our money and then give them huge tax breaks thinking that somewhere along the way the will trickle down to those who are not so wealthy.

They are watching the news today and hearing the Goldman Sachs employees are getting 16 Billion in bonuses and make $500,000 a year. They watched when we bailed out AIG so that they could pay out Millions of dollars in bonuses. Health insurance companies CEO's make 24 Million dolllars a year. The worst part of all of this is that it's not tied to performance. Do you think they will ever get tired of waiting for the trickle to start coming their way?

Mr and Mrs, when I try to make comments on the political forum the submit button forwards me to a page saying there is an error and they are working on it. All other forums work just fine. They have been working on it for weeks now. Not sure why, but honestly not sure it matters.

Las Vegas NV
 
 
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yes, what's up with this?

the current topic is "who is to blame for the current economic problems." this off topic stuff is bordering on chaos and anarchy.

let's get back to blaming people. i love to bitch so i have already opined twice but for the sake of you all i will refrain, at least for now.

Philadelphia PA
 
 
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"What this decision means is that you can't get elected unless you agree to support the agenda of large corporations even if those decisions harm the people who voted for you." ---------------------------------------------- ...and where in this decision do you get that? The 5 Justices who decided this case pointed out that it was already being done, but that the current law, since McCain-Feingold (not 100 years), places unconstitutional restrictions on profit organizations/corporations while allowing rich well funded non-profit non-religious organizations exemptions. SCOTUS leveled the playing field. Now Congress, since they legislate, needs to re-address this and make legislation that does not favor one side over the other and places real monetary restrictions on donations and placing ads regardless whether you are profit organization like Exxon or the non-profit like the Sierra Club or Trial Lawyers associations.

Minden NV
 
 
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TOPIC: Who is to blame for the current economic problems