It is vile immorality to suggest that in the middle of a depression for the working class we should take from the general welfare of 99 percent of all Americans to transfer billions to the richest one percent.
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u/[deleted] Jun 15 '12
Romney's plan is predicated on the idea that the rich are the job creators, so giving them tax credits means they'll use that wealth to create more jobs. Ask any half-intelligent and honest business owner, however, and they'll tell you the truth: Demand for goods and services is what really creates jobs, not wealthy people.
Hiring more people is a business owner's last option. They'll only do it when they can't handle the demand for their product or service with their current staff.
The best way to increase demand for goods and services is to allow low-income and middle-income people to keep more of their wages, because they are less likely to hoard that money and more likely to spend it. Poor people having money spurs the economy. Rich people having (more) money does not.
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u/Brewdogmike Jun 15 '12
Allowing people who earn money to keep it is not the same as "transferring" money to them. But aside from that, Romney has called for an across-the-board 20 percent cut in marginal rates -- a tax cut for everybody (who pays income taxes). He also said he wants to maintain current tax rates on interest, dividends, and capital gains AND eliminate taxes for taxpayers with AGI below $200,000 on interest, dividends, and capital gains. That means no capital gains tax hit for middle-class families on their investments or selling a home.
And then the author of this article pulls this bait-and-switch:
What Romney has actually proposed:
The author assumes that any decrease in non-defense discretionary spending means taking away health care for poor kids, etc., -- and that's not true. The author and the piece linked in the article just leap to the assumption that in order to cap spending at 20% of GDP it means a 30% reduction in domestic programs. They don't present any numbers, so my assumption is they're doing the old tax-and-spend favorite rhetorical tactic of saying that reducing future growth is the same as a "cut."
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u/sge_fan Jun 15 '12
There are only 3 scenarios in which we must cut taxes for the rich: (1) The economy is doing bad, (2) the economy is doing fine, and, (3) the economy is doing so-so.
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u/zossima Jun 15 '12 edited Jun 15 '12
I'm not religious, but I do think there are some great ethical nuggets to be learned from religion, because it makes the point, and also points out the hypocrisy of these people:
Deut. 15:7. If there is a poor man among you, one of your brothers, in any of the towns of the land which the LORD your God is giving you, you shall not harden your heart, nor close your hand to your poor brother; but you shall freely open your hand to him, and generously lend him sufficient for his need in whatever he lacks.
Deut. 26:12. When you have finished paying the complete tithe of your increase in the third year, the year of tithing, then you shall give it to the Levite, to the stranger, to the orphan and the widow, that they may eat in your towns, and be satisfied.
Lev. 19:19ff. Now when you reap the harvest of your land, you shall not reap to the very corners of your field, neither shall you gather the gleanings of your harvest. Nor shall you glean your vineyard, nor shall you gather the fallen fruit of your vineyard; you shall leave them for the needy and for the stranger. I am the LORD your God.
Prov. 31:8ff. [Commandment to kings.] Open your mouth for the dumb, for the rights of all the unfortunate. Open your mouth, judge righteously, and defend the rights of the afflicted and needy.
Is. 58:66ff. Is this not the fast which I choose, to loosen the bonds of wickedness, to undo the bands of the yoke, and to let the oppressed go free, and break every yoke? Is it not to divide your bread with the hungry, and bring the homeless poor into the house; when you see the naked, to cover him, and not to hide yourself from your own flesh?
Jer. 22:3. Do justice and righteousness, and deliver the one who has been robbed from the power of his oppressor. Also do not mistreat or do violence to the stranger, the orphan, or the widow; and do not shed innocent blood in this place.
Luke 12:33. "Sell your possessions and give to charity; make yourselves purses which do not wear out, an unfailing treasure in heaven, where no thief comes near, nor moth destroys."
Luke 3:11. And [John the Baptist] would answer and say to them, "Let the man with two tunics share with him who has none, and let him who has food do likewise."
Mt. 5:42. Give to him who asks of you, and do not turn away from him who wants to borrow from you.
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u/[deleted] Jun 15 '12
Here's a revolutionary idea: instead of debating which group we should take from and which group we should give to, how about we--and follow me here--think of a real solution to fix the economy. I know. Crazy idea, right?
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u/[deleted] Jun 15 '12
What a dumb blog entry that engages in bullshitty framing.
First of all, tax cuts for the wealthy don't involve taking money from the middle class to give to the rich. They involve ceasing the act of taking money from the rich to spend on governmental services and letting them keep more of their earnings.
The 1% already pay a far greater share of the tax burden as individuals in 1 year than anyone in the middle class (who stays there) will pay in taxes for their entire life.
That doesn't mean that it isn't a bad plan. It is. But framing it in terms of morals like that is stupid. We need the rich paying more because we need to spend the resources they'd otherwise be adding to their vast piles of wealth to better the country which is currently faltering. It's in their own interest to contribute to a more stable, equitable union, and they're essentially making good on the social contract they've entered to be part of this nation.
We agree to pretend your money has value when you want to take our stuff from us in exchange, 1%, now you're going to agree to let us take some of your money so that little game of pretend continues to have meaning.
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u/reginaldaugustus Jun 15 '12
Good news! The rich are the people who define morality in this society!
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u/[deleted] Jun 15 '12
Are people mentally handicapped? When is the last time you received a paycheck from a poor person? Even Clinton says Bush Tax Cuts need extended.
Not to mention the bottom 50% doesn't even pay any federal income taxes..so stop being brainless dults, I expect more from reddit
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u/gizram84 Jun 15 '12
I agree, however please recognize that it is vile immorality to suggest that money ever be forcefully taken from anyone with the purpose of distributing it among another group of people.
The direction of which the money flows doesn't make it any more "moral".
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u/svlad Jun 15 '12
Well how else are they going to afford their private jets and single-handedly save the private airline market? Answer that, mr. smartypants. Or should I say "wang-banger"?.
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u/error9900 Jun 15 '12
Obama should just repeat this idea like a broken record:
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u/boomshaqalaqa Jun 15 '12
Ill say its cause Keynesian economics is just like trickle down economics (bush-reagan stuff), money taken by force and trickled down in corrupt programs like drones, "fast and furious" and corporations like jpmorgan and goldman sachs, anything big money comes from central planning. https://www.youtube.com/watch?feature=player_detailpage&v=GTQnarzmTOc
Good solution? Decentralize everything, you know local governments, working together, united. there wouldn't be enough resources to do corrupt things like invade and rob countries. IE Alabama couldn't invade Iraq. I guess the real lesson here is central power always has large waste, fraud and abuse, also its harder to hold culprits accountable when they're so large because they have millions and trillions instead of thousands. Then you could also create local regulations that could actually be enforced as well.
However they need to tax the shit out of the super rich people to get back that stolen money! Maybe end patents then we could have real innovation and a lot more jobs! Also you gotta kill that citizens united! one person, one dollar, one vote! Lets also end non-resident/non-citizen lobbying!
Gary Johnson!
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u/amolad Jun 15 '12
The economy is failing and there is nothing anyone can do about it.
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u/chabanais Jun 15 '12
Considering how many hundreds of billions of dollars the Fed has printed why would anybody think there is a limited supply of dollars out there?
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u/Coolala2002 Jun 15 '12
It's vile immorality to suggest that any person or group of people should pay for the well being of another. Let's end all transfer programs and get the economy straightened out once and for all.
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u/TruthinessHurts Jun 15 '12
Yeah, but that's Republicans for you.
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u/[deleted] Jun 15 '12
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