Will the Bush Tax Cuts be Extended?

[TheMulletMutilator]

Maybe this is a stupid question but if you really believe hyper inflation is coming shouldn't you be barrowing as much money as possible right since you will be able to pay it back with highly inflated cash?

It depends on if your income is adjusted to counteract it. If not then ultimately you would be paying the same with interest on top of it. I doubt many companies are going to willingly give you a raise just because you face inflation.

 

[One Brow]

The "rich" as in the guy that owns a few successful businesses around your city shouldn't be taxed more.

The extra taxes could easily persude him to put more money back into the business rather than take it as profits. After all, people don't get taxed on business income, they get taxed on personal income.

 

[C l u t c H 385]

The extra taxes could easily persude him to put more money back into the business rather than take it as profits. After all, people don't get taxed on business income, they get taxed on personal income.

Yea, how dare people enjoy the fruits of their labor. Friggin ******* bigot homophobes is what they are. Take that money and pay for some transitions, ya know?

 

[Revolution 9]

Let's have a national lottery available in all 50 states, soley for the purpose of getting ourselves out of debt.

 

[richgates]

The Republicans have the president by the short and curlies. They will not extend unemployment benefits without the Bush tax cuts being renewed. And with the latest jobs report and the unemployment rate going up again, I don't see how they can play chicken with each other for long.

 

[One Brow]

Yea, how dare people enjoy the fruits of their labor.

Especially since those people tookno advantage of the common social structure (roads, schools to educate their workers, police, etc.). Obviously they did it all alone, with no societal support. [/sarcasm]

 

[Duck Rodgers]

Maybe this is a stupid question but if you really believe hyper inflation is coming shouldn't you be barrowing as much money as possible right since you will be able to pay it back with highly inflated cash?

Only to the extent that you could afford to pay if nothing happened. It would be madness to go after every type of loan available to you hoping for hyper-inflation. It's impossible to time it. You would probably end up digging your own grave in the interim and having nothing to show for the risk. Then maybe in 5 or 6 subsequent years it really happens and you would be poorer than you were had you done nothing(because you would have defaulted). That's why most people stick to the metals. You've got good protection against both inflation and controlled devaluation. Either way, dollars are bad news right now.

 

[bordelais7]

Especially since those people tookno advantage of the common social structure (roads, schools to educate their workers, police, etc.). Obviously they did it all alone, with no societal support. [/sarcasm]

I know it's a mistake to even bring this up (I'll check back in when this gets to page 24), but aren't you essentially only making an argument for taxation in general, and not necessarily an argument for a progressive tax? If it is indeed a "common social structure", then why should taxation be...uncommon?

 

[One Brow]

I know it's a mistake to even bring this up (I'll check back in when this gets to page 24), but aren't you essentially only making an argument for taxation in general, and not necessarily an argument for a progressive tax? If it is indeed a "common social structure", then why should taxation be...uncommon?

I agree that the statement I made is not necessarily an argument for a progressive taxation structure. Such an argument, which I sense you are reluctant to begin, would need additional ideas that, due to the perceived reluctance, I shall refrain from including.

 

[bordelais7]

I agree that the statement I made is not necessarily an argument for a progressive taxation structure. Such an argument, which I sense you are reluctant to begin, would need additional ideas that, due to the perceived reluctance, I shall refrain from including.

As long as we agree that they are separate or at least inequivalent arguments, I am satisfied in stopping here.

 

[sirkickyass]

Obama's such a *****. I can't believe he caved.

 

[Deleted member 365]

LOL!!!

Obama has no balls.

He caved in. I remember watching just a few weeks ago him saying on TV, "I'll sign off on the Bush tax cuts if the Republicans can show how they'll pay for them."

LOL. So what's the Republican's plans? What did they come up with that your cabinet couldn't? What's the plan? How are they going to be paid for? Waiting for the details "Annointed One!"

Obama is such a joke.

Caves in health care, caves with the wars (WHY THE **** ARE WE IN AFGHANISTAN AND IRAQ STILL?), and is now caving to the Repubs on this issue.

The right gets to have it both ways.

They get to murder Obama on AM radio acting as if he's a tyrant that never listens or compromises. Then, in DC, they get to bend and break him and his policies. Obama is turning out to be a great extension of the Republican party. He does nearly everything they want, while blaming everything on the Democrats and letting them take the fall.

It's a win win deal for the Repubs!

This also sets the Republicans up for 2012. He'll be lacking support from his left base (kicky is an example of this. The left is pissed over him caving in.) and the right (which Obama never had the support of) will be firing on all cylinders to destroy the unAmerican/Socialist/incompetent left who in 4 years did nothing good.

Obama has certainly lost my support after this........