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On Mon, 11 Apr 2011 12:30:45 -0400, wrote:

On Sun, 10 Apr 2011 23:52:29 -0700, wrote:

On Mon, 11 Apr 2011 00:00:35 -0400, wrote:

On Sun, 10 Apr 2011 20:08:00 -0700, wrote:

On Sun, 10 Apr 2011 11:17:56 -0400, wrote:

On Sun, 10 Apr 2011 07:14:04 -0400, Harryk
wrote:

wrote:
On Sun, 10 Apr 2011 00:47:12 -0500, Boating All Out
wrote:

I agree they will pay until it becomes such a huge problem that the
kids throw momma from the train. They just have to learn to vote and
to understand SS and Medicare is a massive wealth transfer from the
young to the old.

All that needs to be done is to substantially raise social security
taxes on the wealthy, as part of the price they have to pay for
accumulating wealth. Federal taxes generally in this country are frar
too low on the wealthy.

It sounds like a panacea to simply tax the wealthy more and I like the
idea but I also understand it is not going to be any kind of silver
bullet. There are simply not enough rich people and they are not that
rich. If you took all of the hard assets from the richest 400 people
in the US it wouldn't balance the budget.

It's not intended as a silver bullet. It's intended to get people who
can certainly afford it to pay their fair share. It will go a long way
toward helping the budget system, esp. in the long term.

You keep saying the richest 400 people. Do you really think there are
only 400 people in the US who make more than $250K per year????

No that is about 5 million but that curve from 250k to the top 400 is
a hockey stick.

I would like to see them dump all of the Bush tax cuts but most people
only want to see the taxes go up for people who make more than they do
and assume that will fix the debt.

Dumping the tax cuts are fine eventually. Not now. Not for the middle
class. Dump them for those who make more than $250K. It's a good
start, but you deny that.

I only deny that limiting this to people who make more money than you
will not make that much difference. In this case the difference is
about 10% of the whole tax cut.

More than me? Your figures are wrong. It will make a huge difference
even if you don't want to accept that.

You continually claim that the argument being made is that it'll fix
the debt. Nobody is making that claim. Another diversion and lack of
facts.

I hear it every day by guys like Bernie Sanders. They blame the whole
budget crisis on the Bush tax cuts and use platitudes like "going back
to Clinton tax rates when the budget was balanced".
I agree we should go back to the Clinton tax rates and I have said
that repeatedly. I also point out it won't make a dent in a $1.5
trillion dollar deficit.

A huge percentage of the problems can be laid at the feet of the Bush
admin. Sorry if you're not willing to admit it.