Dave Ramsey on Debt

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Originally Posted by nynco

I maintain that Reagan only took in more revenue because he increase borrowing and spending. Which he did.

There is no free lunch.

As to tax levels of the 1960s one major difference. Those taxes back then were targeted at business and other wealthy targets more than the middle class. Today the middle class pays a larger portion of their earnings in taxes than they did in the 1960s. We need to close tax loop holes like the ones that give tax breaks to corporations for outsourcing American jobs over seas.

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And you really think they are going to keep business or jobs here when their taxes take a major hike? Your libtard sense is even near off the charts from all the other ones we have on here.
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More taxes kills jobs. Less jobs is more entitlement money to pay for basics. No spare change means the economy slows. That slows business which cuts more jobs.

That is where we are at now and you are proposing to keep the same failed logic going. You need to go to front range and take economics for dummies.

Taxes on business use to make up over 20% of all gov revenue in the 1960s. Today less than 7%. Most large business pay NO taxes. See GE... That leaves the small businessman paying all the taxes that those mega corporations do not any more. End their tax breaks. Then lower the rate on all business. Make it a level playing field.

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Originally Posted by nynco

Today in America we have a REGRESSIVE tax rate. Any one who tells you different does not understand how taxes really work or how a hedge fund manager or investor earns income.

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No proof again. Just spouting bullshit like a true libtard. Where is the ignore button when you need one.

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Originally Posted by jscwerve

I think we differ on that one. I do think we need to do something about bringing back manufacturing to the states, I don't know if tariffs can be the answer. As for Detroit, the unions have the biggest hand in destroying the industry in that city. Example: All manufacturing facilities have machine operators and assemblers, lets say a typical wage for an assembler at a non-union plant is $12/hr. Not great pay, but not bad for unskilled labor. Same type of unskilled labor at a UAW infested plant in Dertoit/Flint/wherever is forced by unions to pay the worker $25/hr, plus another $5/hr into the union pension fund. That's great for the worker to make that kind of money for putting a bolt into a door. Not so great for the company having to pay its employees that much and not being able to develop new product for lack of R&D funds.

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You should look at just how much money the car companies can pull in the amount of jobs they provide and how much they actually spend on r&d and concepts and sponsoring and advertising.

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Originally Posted by sniper7

You should look at just how much money the car companies can pull in the amount of jobs they provide and how much they actually spend on r&d and concepts and sponsoring and advertising.

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Oh, absolutely, they are huge companies that spend billions on those things, I wasn't saying they didn't. I agree with you. I was just saying that the unions had a big hand in the decline of the American auto industry. Hell, I've been employed by the auto industry myself (in manufacturing). Of course the plant I worked in was purchased by a forign company and got shut down. [Tooth]

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Originally Posted by nynco

The vast amount of wealth earned in this nation comes from investments... there is no logical reason why a working man should be taxed more than an investor. We have a budget shortfall. The only way to fix this is to cut and tax more. Tax those who have the most and already don't pay enough.

I hear a great deal about flat tax for all....... why are you afraid of a flat tax for investment income? Income is income is income...

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Are you a socialist? Tax more to give to those who are lazy and don't do shit. Taxing those people more (me included) is not going to do a damn thing but give the. Gov more money to blow on worthless programs. I don't want my money funding abortion or welfare or Medicaid. If I want to help someone I will donate. For the tree huggers and whale humpers that equates to tossing a couple more plankton in the mouth of blue whale. He isn't going to suddenly get full and not eat any more.

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Originally Posted by nynco

Todays current economic reality and why the top 10% pay so much..... because the rest of us are not getting paid period.

http://28.media.tumblr.com/tumblr_lg...0uujo1_500.jpg

todays reality post 2007 is even worse for the middle class.

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Find a reliable source. This comes from the state of the worst of the worse who can't control their spending despite some of the highest taxes in the country.

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Originally Posted by nynco

Sniper, You are just chalk full or horrible ideas too

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Please explain one to me oh man of men....

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Originally Posted by nynco

Todays current economic reality and why the top 10% pay so much..... because the rest of us are not getting paid period.

http://28.media.tumblr.com/tumblr_lg...0uujo1_500.jpg

todays reality post 2007 is even worse for the middle class.

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http://thereformedmind.files.wordpre...-pie-chart.jpg
Since you like charts...the "rich" already pay more actual dollars into the kitty, and receive fewer benefits per capita (since they don't rely on social programs, social security, Medicare, etc.).

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Originally Posted by nynco

The vast amount of wealth earned in this nation comes from investments... there is no logical reason why a working man should be taxed more than an investor. We have a budget shortfall. The only way to fix this is to cut and tax more. Tax those who have the most and already don't pay enough.

I hear a great deal about flat tax for all....... why are you afraid of a flat tax for investment income? Income is income is income...

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I am all for a flat tax across the board... including those bottom 50% who currently pay nothing. A federal consumption tax would be beneficial as well.

But before we start taxing the people and businesses even more, we need to cut the size of the massive, bloated government which has grown exponentially under this President, starting with the useless Czars. Our economy cannot sustain further tax increases for the wealthiest and corporations right now. They will simply move their wealth and businesses to an environment more conducive to profitability, which would only hurt us more.

You want to explain how expanding the administrations current tax, spend, print, increase regulations policy, which resulted in a .4% GDP growth in the first Quarter of this year, would somehow suddenly work now after proven to be a dismal failure?

Our government doesn't seem to be able to grasp even basic math, let alone economics.