In response to:

The Real Barack Obama

dick4260 Wrote: Oct 04, 2012 11:25 AM
69% of Americans believe the wealthy don't pay their fair share of taxes. That;s all we need to know.
loadstar Wrote: Oct 04, 2012 12:38 PM
http://www.ntu.org/tax-basics/who-pays-income-taxes.html

Per IRS data--
The top 5% by AGI pay 60% of the taxes actually collected...and this share ROSE after the Bush tax cuts!
The Teleprompter Speaks Wrote: Oct 04, 2012 12:33 PM
That's not even true.

And if it were, the increased taxes wouldn't bring in enough money to pay for anything. But it would cost plenty of jobs.
dick4260 Wrote: Oct 04, 2012 1:45 PM
Sorry. No economic studies support this conclusion.
loadstar Wrote: Oct 04, 2012 12:30 PM
D_ick Boy--

If you collected the incremental taxes that Obama would like to extract from the wealthy, it would not run the guvment for 2 weeks!

We have an EGREGIOUS SPENDING PROBLEM-- NOT a revenue problem!

As Margaret Thatcher opined-- the problem with taxing "the rich" to pay for the welfare state is that eventually you run out of OTHER peoples' money to extract.
dick4260 Wrote: Oct 04, 2012 1:47 PM
Thatcher? Look what she did to THEIR economy!
dick4260 Wrote: Oct 04, 2012 1:47 PM
Thatcher? Look what she did to THEIR economy!
midfielder2 Wrote: Oct 04, 2012 4:19 PM
THEIR economy was fine when she left office, what labour did to it afterwards is another story. W anker!

A recent poll shows that 85 percent of middle-class Americans believe they're worse off now than they were 10 years ago. Yet shockingly, just 34 percent of those people blame Barack Obama. More Americans blame Congress (62 percent), banks (54 percent), corporations (47 percent), former President George W. Bush (44 percent) and foreign competition (39 percent).

Why the disconnect?

These folks aren't entirely wrong. Congress did nothing about an out-of-control Fannie Mae and Freddie Mac for a decade, and allowed the Federal Reserve to inflate the currency all the while. Banks played along with the regulatory regime in...