Romney tax plan helps rich most

Re: Romney tax plan helps rich most

PostBy: lsayre On: Sun Aug 12, 2012 4:33 pm

A few more Rand quotes:

Whenever destroyers appear among men, they start by destroying money, for money is men’s protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. This kills all objective standards and delivers men into the arbitrary power of an arbitrary setter of values. Gold was an objective value, an equivalent of wealth produced. Paper is a mortgage on wealth that does not exist, backed by a gun aimed at those who are expected to produce it. Paper is a check drawn by legal looters upon an account which is not theirs: upon the virtue of the victims. Watch for the day when it bounces, marked: "Account Overdrawn."


When you see that trading is done, not by consent, but by compulsion -- when you see that in order to produce, you need to obtain permission from men who produce nothing -- when you see money flowing to those who deal, not in goods, but in favors -- when you see that men get richer by graft and pull than by work, and your laws don’t protect you against them, but protect them against you -- when you see corruption being rewarded and honesty becoming a self-sacrifice -- you may know that your society is doomed.


We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission; which is the stage of the darkest periods of human history, the stage of rule by brute force.


The difference between a welfare state and a totalitarian state is a matter of time.
lsayre
 
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Re: Romney tax plan helps rich most

PostBy: franco b On: Sun Aug 12, 2012 5:06 pm

That last one really cuts.
franco b
 
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Re: Romney tax plan helps rich most

PostBy: Ed.A On: Mon Aug 13, 2012 4:38 am

franco b wrote:That last one really cuts.


And the closest to our reality, 1/3 of our population is already on welfare and Obamaloney just relaxed the work for welfare requirements. Imagine that.
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Re: Romney tax plan helps rich most

PostBy: samhill On: Mon Aug 13, 2012 7:57 am

What's with you con's, you cry that there is too much Fed Gov. involvement & then when they turn more responsibility to the states you cry some more. This doesn't strip the welfare to work, it allows the states to decide how it works best for them. Just another ploy, even the weeper of the house sobbed over it "waa' "waa" "waa" all the way home. :P
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Re: Romney tax plan helps rich most

PostBy: homecomfort On: Mon Aug 13, 2012 8:13 am

Many republican governors were insisting on that provision for years, to allow states flexibility to control their work programs.
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Re: Romney tax plan helps rich most

PostBy: Ed.A On: Mon Aug 13, 2012 3:49 pm

http://www.humanevents.com/2012/08/13/59972/
The Obama “stimulus” subsidized the expansion of welfare rolls by having the federal government pay states 80 percent of the cost for each new family they added to their welfare rolls. Partly as a consequence of the increase in federal welfare funds, welfare rolls increased in 2009 for the first time since the reform was enacted.

But the administration is allowing states to come up with alternatives for satisfying the work requirement, such as allowing job search programs to count as work.

And then for Balance...Socialist/Democrat leaning Politi-fact;
http://www.politifact.com/truth-o-meter ... r-legisla/
Ed.A
 
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Re: Romney tax plan helps rich most

PostBy: samhill On: Mon Aug 13, 2012 4:25 pm

The states were to set up temp. programs under welfare for all the people that would run out of UC. Many states used the stim. funds for things that they weren't intended for like Gov. Perry that used it to balance his budget & then claimed to be fiscally responsible. All this still doesn't fit into what Romney plans to do about SS, UC & welfare, he talks about closing loopholes but doesn't say which ones, some consider the mortgage deduction a loophole, it's all what his definition of a loophole is the EIC could be another. I wish the guy would come out & say, we know Ryan had planned to cut just about everything from the bottom & nothing from the top & Romney sounds much the same & maybe worse. Good if your wealthy not so good if your not.
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Re: Romney tax plan helps rich most

PostBy: franco b On: Mon Aug 13, 2012 4:52 pm

If you favor a system that will go bankrupt shortly, that will not help the unwealthy very much.

Deduction for mortgage interest should never have happened. It does not help people get homes, it only drives up the price. Get rid of it and home prices will drop making them more affordable. Stop diddling with the market. We have seen where that leads , so just stop it.

I have always felt it unjust that hard work should be taxed at a higher rate than investment income. Income is income and there are no special dollars. The experts say that will hurt investment in our industries, but I am in favor of letting the market sort it out. The experts have been batting close to zero lately. That would really whack the rich and make Sam happy. What they have left will still go into industry. Where else? Zero corporate tax.
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Re: Romney tax plan helps rich most

PostBy: rberq On: Mon Aug 13, 2012 7:50 pm

franco b wrote:Stop diddling with the market. We have seen where that leads , so just stop it.

I have to agree. Using tax policy to effect social goals has reached such a level of complexity, there are probably more unintended consequences than intended ones.
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