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Topic: Give the rich more money

david mancuso
unregistered

posted

Let's give the rich more money in a tax cut, after all they won't be going to heaven. Remember Jesus' words, it's easier for a camel to go through the eye of the needle than for a rich man to enter the kingdom of God.

Seriously though, many Americans support the repeated tax cuts for those who don't need it because they believe themselves to be in that upper 2% who would benefit. Something like 20% believe they would benefit from it. That means 18% of well-off folk are fools. You have to make over $300,000 annually to bin the upper 2%.

Many Americans believe the trickle down nonsense (willful ignorance). The saying is, sh*t rolls downhill. The tax burden rolls downhill, that's what's trickling down from folk who won't pay their fair percentage. Only a fool believes money rolls downhill. Remember Hoover's great tax cut and the Great Depression that followed? Remember Reagan's tax-cut and the tripling of the national debt. I'm sure we can blame Clinton for those.

Einstein defined insanity as trying the same thing and expecting different results. Using a tax-cut benefitting those who need it least as a means of helping the economy is insanity. Or it's a barefaced lie.

[coolshades]

d

[ May 21, 2003, 07:38 AM: Message edited by: david mancuso ]

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RX
Diamond Member
Member # 1068

posted

money rolls downhill? [Cool]

i thought it floated...

cool piece, david...

e

[Smile]

(

)

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~ms. x if you're nasty~

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david mancuso
unregistered

posted

quote:
Originally posted by Ms Rickey X:
money rolls downhill?
i thought it floated...

cool piece, david...

e

( )

Greetings Ms Rickey X:

[Smile]

d

Ps.

He often broke into song because he couldn't find the key........

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David Le C
Member +
Member # 1972

posted

quote:
Originally posted by david mancuso:
Remember Jesus' words, it's easier for a camel to go through the eye of the needle than for a rich man to enter the kingdom of God.

d

I have a comment on this, which could add something to the background; this expression does indeed find its origin in the time of Jezus but it is not what it seems...
The "needle" was actually a nickname for a very narrow gate in the city of Jeruzalem, a fully packed (rich) camel could not pass through it without first unloading it (or to leave behind the earthly goods)... hence the expression.

have nice day!

[Smile]

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Outside of a dog, a book is man's best friend. Inside of a dog it's too dark to read.

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Ronnie Ron
Diamond Member
Member # 589

posted

Hi David,

The Money needs to come to those that need it. Not the Rich. The president is an ASS!!!!. [Wink]

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Nu Bang

Ronnie Ron's MySpace

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david mancuso
unregistered

posted

quote:
Originally posted by David Le C:

quote:
Originally posted by david mancuso:
Remember Jesus' words, it's easier for a camel to go through the eye of the needle than for a rich man to enter the kingdom of God.

d
I have a comment on this, which could add something to the background; this expression does indeed find its origin in the time of Jezus but it is not what it seems...
The "needle" was actually a nickname for a very narrow gate in the city of Jeruzalem, a fully packed (rich) camel could not pass through it without first unloading it (or to leave behind the earthly goods)... hence the expression.

have nice day!

Greetings David Le C:

Thank you for the info [Smile]

d

Ps.

A lot of money is tainted. 'Taint yours and 'taint mine.

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Nicholas
Member +
Member # 1579

posted

Totally with you David. What really irks me is that Bush says something like

"This tax cut will help the average american man find a job"

As if its a direct effect!! There is very little indication that the tax cut will generate any consumer spending. most of those people have refinanced their houses with the low interest rate environment, they dont want to risk the stock market again so that money is going straight into savings accounts across the nation. And do absolutely nothing to the economy.
Except increase the deficit.

Its an absolute travesty.

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david mancuso
unregistered

posted

quote:
Originally posted by Nicholas:
Totally with you David. What really irks me is that Bush says something like

"This tax cut will help the average american man find a job"

As if its a direct effect!! There is very little indication that the tax cut will generate any consumer spending. most of those people have refinanced their houses with the low interest rate environment, they dont want to risk the stock market again so that money is going straight into savings accounts across the nation. And do absolutely nothing to the economy.
Except increase the deficit.

Its an absolute travesty.

Greetings Nicholas:

My gut feelin is Bu$hit is using this method to buy votes among other things.

d

Ps.

What's the definition of a will? It's a dead giveaway.

PPs. Hello to you, Ronnie Ron [Smile]

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JuanMa
Junior Member
Member # 2913

posted

Already the cutbacks are affecting us all...The rich complain of paying too much in taxes, yet they fail to see that taxes have already been cut DRASTICALLY in the past 20 years. The current highest bracket is 38.6%, yet in 1980 it was 77%!

Even with those levels of taxes, we experienced the period of highest real growth levels the country has ever experienced (the 50's and 60's).

[nono]

Enough Complaining!

Peace,
Juan

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donplay
Junior Member
Member # 2802

posted

even Warren Buffet (wall st. guru, fund manager, and rich as hell) agrees that this tax cut mostly helps the wealthy. Here's a link to his 2 cents...it's a good breakdown of the dividend cut's real effects and how it's another case of voodoo economics...

Warren Buffet in the Washington Post

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don@playnyc.com
http://www.playnyc.com

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Pete Nice
Gold Member
Member # 3111

posted

this is crap. i keep thinking my mom's a waitress and they tax her tips. money given voluntarily. the money that actually pays the bills and these f***ers stand to make some good money back. not the 9 to 5ers who need it, but these a**holes many of them in bushes office. and bush has the nerve to ask the public to keep spending to help boost the economy. screw you. how about hiring back the 3000 teachers that are getting laid-off. i can see how this will help people get jobs. [mad]