Originally Posted by
Havakasha
Sorry, but you have proven over and over again you ARE beholden to an ideology.
You get your facts quite often from Republlcan (Fox, Wall street news, Weekly standard etc) and Conservative websites and think tanks. You think favorably about a Republican candidate Ron Paul (we dont know if you like any of the Republican candidates because you refuse to answer the question) and you believe in and follow the economic theories of mr. Peter Schiff who is CLEARLY an ideologue.
I use the words "talking point" because Republicans, like yourself, quote the 50% figure over and over again without explaining that many of those people couldnt possibly be able to pay income tax. How would a family of 4 making $30,000 or $20,000 possibly afford it.
I want to respond to that tax proposal (was it an origiinal one or one read somewhere else?) I have said I will NOT answer ntil my MANY qestions posed REPEATEDLY FOR MONTHS HAVE BEEN ANSWERED. Are yo a chicken? lol
And by the way whatever happened to an answer to that gentlemens bet i proposed on Mr.
Schiffs 2011 predictions? Loser. )
"As background, it helps to know what has been happening to incomes over the past three decades. Detailed estimates from the Congressional Budget Office — which only go up to 2005, but the basic picture surely hasn’t changed — show that between 1979 and 2005 the inflation-adjusted income of families in the middle of the income distribution rose 21 percent. That’s growth, but it’s slow, especially compared with the 100 percent rise in median income over a generation after World War II.
Meanwhile, over the same period, the income of the very rich, the top 100th of 1 percent of the income distribution, rose by 480 percent. No, that isn’t a misprint. In 2005 dollars, the average annual income of that group rose from $4.2 million to $24.3 million."
I think things have tilted to far in the direction of the wealthy. and I think its quite reasonable that people at the top income brackets go back to paying the rate they paid under President Clinton.
Even Dave Stockman, the former budget director under Ronald Reagan agrees about this. You should read some of the things he says about the Bush tax cuts.