Comments on: Obama: Taking “Chump Change” from the Rich

By: Scott Jacobs

Scott Jacobs — Tue, 04 Nov 2008 21:57:28 +0000

You’re a true gent Mr. Jacobs.

God damnit, keep your voice down! I have a reputation to uphold!!

By: Peter

Peter — Tue, 04 Nov 2008 20:38:22 +0000

#83 Scott Jacobs:

I’d heard. A sad loss for him and his family, and my sympathy and condolences go out to him and her family and friends.

You’re a true gent Mr. Jacobs.

By: daleyrocks

daleyrocks — Tue, 04 Nov 2008 19:32:18 +0000

I don’t think the word “ward” means what snuffles thinks it means.

By: JD

JD — Tue, 04 Nov 2008 05:05:31 +0000

Obama’s plan certainly would help me

DRJ’s question was what would help America, not what would help you.

By: Dave Surls

Dave Surls — Tue, 04 Nov 2008 04:04:36 +0000

“What you do is make sure the tax code is fair. I want to give a tax cut to 95 percent of working Americans, but in order to pay for that, I’m going to take the tax rates back to what they were in the 1990s for people who are making more than a quarter of a million dollars a year.”

Go ahead. And the people that make the big bucks will just raise the prices of their goods/services accordingly, and the middle class will still end up paying.

Your proposed plan will accomplish exactly the same thing that tinkering with tax rates has accomplished in the past: zippo.

The only way that the middle class or any other class is going to get relief from federal taxes is if we reduce REAL federal government expenditures.

And, somehow I doubt if that’s in the cards if we have a Dem president and both houses of Congress have Dem majorities.

By: Mike K

Mike K — Tue, 04 Nov 2008 03:05:40 +0000

So why is the tax hike portrayed as cutting into college savings for the $250K/year family, but the tax cut/credit/handout goes to luxuries for the $50K/year family?

Comment by roy

Maybe experience ? There was a lot of exposure to New Orleans refugees after Katrina. That was an education for many. Lots of plasma screen TVs, for example. A friend of mine’s daughter lives in Boston. The people who owned the condo across from hers, donated it for refugees from NO. They were good, Globe reading, liberals so they decided to be good citizens. After 6 months, they thought the refugees should move on but they couldn’t get them out. How did they solve that problem ?

They cancelled the cable TV.

I know anecdotes are not statistically significant but there are lot of similar anecdotes.

I’m paying 40 thousand a year for a daughter at a state university (Arizona) from a retirement income of about 250K. Fortunately, most of my income is tax exempt. I might even benefit from Obama’s misguided plans but I’m concerned about the country and my kids’ futures. She is the fourth kid I’ve educated so the fund ran out a few years ago.

If I’m lucky she won’t want to go to medical school.

Roy, your topic still suggests that you think the government still has the rights to anyone’s income. To repeat, America has the most progressive tax system in the world. Why ? The Social Democratic countries that Obama wants to emulate figured out that it doesn’t work.

By: daleyrocks

daleyrocks — Tue, 04 Nov 2008 02:40:27 +0000

Peter and snuffles – So your solution is to add a wealth tax in addition to an income tax to make sure everything is absolutely positively fair according to the Betty Crocker Good Government Rulebook of Progressive Fairness?

By: daleyrocks

daleyrocks — Tue, 04 Nov 2008 02:37:36 +0000

timmah – As Mr. T said, I pity the fools, including myself, who had to borrow and work to pay their way through college and grad school.

Where was my free ride dood?

Where was my bailout?

You and I and the Obama’s were victims, timmah.

Oh, the humanity!

We need change and we need it now!

ATTICA ATTICA ATTICA ATTICA ATTICA

By: SPQR

SPQR — Tue, 04 Nov 2008 02:18:48 +0000

Glenn Reynolds reports that Obama instructed his aides to study FDR’s first 100 days in order to prepare for his transition.

I guess more of Obama’s ignorance is on display given that he seems not to realize that FDR prolonged the Great Depression by many years with his misguided governmental programs.

It should frighten people that Obama takes guidance from the example of FDR given the reality of FDR’s dishonesty to the American people.

By: SPQR

SPQR — Tue, 04 Nov 2008 02:12:25 +0000

What snuffles, timb and the rest of the Obama trolls do not realize, because snuffles et all maintain their ignorance despite my attempts to enlighten, is that while the top marginal rate is lower under George Bush than Bill Clinton, the effective tax rate among the top 1% is actually higher under George Bush than Bill Clinton because of eliminations of many tax shelters.

The idea that the “rich” are paying less under George Bush is a fraud that Democrats repeat even when they know better.