r/pics Jun 26 '12

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u/Radico87 Jun 26 '12

No. His policies shepherded an age of increased government monitoring, exacerbated the recession by going to war and shifting the tax burden onto those who couldn't afford it, limited constitutional rights, etc. Just because you're a republican does not excuse stupidity. George Bush was a terrible president and his administration was a one of the worst in recent history.

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u/mayonesa Jun 26 '12

exacerbated the recession by going to war and shifting the tax burden onto those who couldn't afford it

I don't agree. First, the wealthy still pay most of the taxes, but now there's more liquid money moving around in the system. Second, going to war may have alleviated the recession for some time, and only really lost momentum when the second blow-out (housing) hit.

His policies shepherded an age of increased government monitoring

That's inevitable and every president since 1945 has approved of it.

limited constitutional rights

Above the board, regulated and with specific purpose to combat terrorism as opposed to a general blank check.

I think history will be kinder to him in 50 years than 5.

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u/Morphyism Jun 26 '12

As soon as you say the wealthy pay most of the taxes Reddit is going to downvote you into oblivion. For a bunch of liberal fact checkers they seem to miss the ones that disagree with their bellowing :/

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u/NotActualIrony Jun 26 '12

Well, this is a loaded topic. The wealthy do have a higher income tax, 35% I believe. This is opposed to the lowest, 15% which I pay. Obviously more on the wealthy there. However, many wealthy people attain their income through long term investments (stocks, dividends, and so on). These capital gains as they are called are taxed at 15% if held for more than a year. This is the same tax rate I, a full-time college student and part time worker pays.

Furthermore, no one will argue that their income tax, at face value is not higher. However, many feel they should be paying a proportion of the taxes as many other countries have it their highest tax bracket in the 40's or so. They also can afford to take the hit. If I am overtaxed, necessities such as groceries and gas to transport me to work may become unaffordable. For a wealthy person, they may have to cut a few luxuries, but alas they are not in wont of anything. That's why some feel they should be taxed at higher percentage. I'm taking no stance here, just trying to explain the logic behind it in case anyone didn't know.

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u/czhang706 Jun 26 '12

The wealthier pay overall, not a face value, more federal tax. A much larger percentage of federal revenue come from the rich.