On Sat, 24 Jul 2010 09:26:40 -0400, bpuharic wrote:

On Sat, 24 Jul 2010 08:06:22 -0400, W1TEF wrote:

On Fri, 23 Jul 2010 15:10:06 -0400, bpuharic wrote:


uh no. what i said was that the rich, having stolen the entire economy
over the last 30 years, should pay the taxes on what they stole

But that's not consistent my friend. On the one hand, you want to
confiscate and redistribute the "stolen" wealth and have been loud and
vociferous in arguing for same. Now that those who would do what you
wish appear to have changed their minds for the sake of the "economy",
it's ok because at least something will be left for the little guy.

that's the nature of political reality. the right wing will hold the
middle class hostage, refusing to support any effort to support the
middle class.

You're still missing the point. Let me try again, if it was so bad
and stupid yesterday, then why is it ok and proper today? It's the
same issue - same policy - same procedure.

Or is it a case of ideology - their guys do it its bad, our guys do it
its fine and dandy?

This is the same tax regime as Bush. On the one hand you despise that
tax structure as "evil" and "stealing", now you appear to be content
that something will be left for the little guy with the exact same
regime.

Which is it?

i'm a realist. the middle class can't afford a tax increase. the
right wing wont let a tax cut pass unless it includes the ultrarich

you need to grow up

Got news for you dude - the expansion of the debt by this
Administration has placed such an extreme liability on the entire tax
base that everybody is going to be hit with large tax increases. That
is reality. It might start with the "rich" as you put it, but there
are only so many "rich" to tax. Even if you confiscated 90% of their
wealth, it's still not enough to pay for the debt burden initiated by
the Bush Administration and tripled by the Obama Administration - not
even close.

The tax burden will have to be extended to the Middle Class because,
and this might cause you to have a stroke, that is where most of the
wealth is and is the widest, deepest money pool from which taxes can
be obtained. And it will compress the Middle Class beyond recognition
- it's almost there now what with property taxes, excise taxes, sales
taxes, regulatory "fees", dual and sometimes triple and quadruple
income taxes at the state level - stop and consider what you pay
everyday in taxes as a portion of your daily income. I think you
would be surprised. Adding additional taxes burden to the Middle
Class might very well kill it permanently, but there is no way around
it.

Right now, money is cheap so the burden isn't quite what it could be,
but once the debt service curve starts to climb, which it might if the
dollar ceases to be a reserve currency and loses strength (what little
is left), then it becomes a very real burden and the cost of carrying
that debt becomes greater.

That is reality. The fantasy world of having the "rich" solve the
debt burden crisis isn't one that actually exists. Like it or not,
your tax burden, as a member of the middle class, will go up -
significantly - and you will not be able to hide or protect any of it
because everything and anything you own, make or produce will be taxed
in some way, shape or form.

We're all going to be it right up the tucus and we can thank both
Democrats and Republicans for that.

Finally, I am grown up - and much more of a realist than you are
apparently because I don't hide behind a faux notion of confiscating
wealth as a solution to all our problem.