No they would spend it by buying things for their house and themselves, which by the way benefits others as other people do make and sell those goods, they would spend it by investing in companies on wall street. And most of all they would spend it by expanding their business which means more hiring.
BigLutz, we're about to go into recession. Noone is expanding their business. Everywhere you look people are being laid off. No amount of government policy can stop it happening.
By the way are you arguing that the Government knows how to spend money better?! I mean seriously are you trying to argue that view point? Just wanna know before I start laughing.
How did you infer that? =S
And if they are losing money through taxes they will find ways to save money. That means jacking up the price of products, and GASP! Firing employees!
Name for me ONE industry where taxes comprise the main portion of the expenditure sheet. Just one, and I'll believe that.
Never said it was because they were always being taxed. But by adding in higher taxes you are pretty much pro longing the suffering.
Government needs to spend money -> They get most of it from their rich citizens.
The only reason that prolongs suffering is because ALL rich people in America, according to you, are selfish and greedy and would rather store their money in an offshore account while their country goes to ruins than pay 20000 dollars to the government in exchange for the protection it affords.
Where do you think Obama is going to do with the money? Tax Cuts and Rebate Checks, and alot of them are going to people that do not even pay taxes.
You are accusing me being a socialist communist again. I have only said that the majority of tax income should come from the rich, not the people who can barely afford to live anymore. But nope, that's a bad idea <_<
You know how about this as a idea, if the Government needs money. How about they first start looking to where they can cut back before they start asking for more money from Business? We don't need to be spending billion in ear marks or Ethonal Subsides, or a myriad of other very stupid things.
Out of interest, do you believe that billions that went on the Iraq war were well spent?
If the Government truly needs more money, then they should start looking at what crap they can cut before asking for more. Instead of just ratcheting up the spending on even more crap.
Is that really what you believe? That the whole America should suffer from a tiny budget, because some snobby rich as*holes just couldn't be bothered paying their contribution to the country?
Yes High Taxes take away jobs, wanna know why? Because no one likes to pay high taxes, even the Rich do not like paying High Taxes, that is why they hide them away in a wide variety of off shore accounts. So you know what happens when you up their taxes? They start looking at where they can cut back, and they start racheting up the prices.
That's true, no one likes to pay taxes. But you have to, no matter where you live. Rather than giving these rich criminals a break why don't you think they should be prosecuted for tax evasion? Is it because you are a rich person yourself? Because tax evasion IS a punishable crime. And it hurts countries more than higher taxes for the rich ever will.
You know who in the end pays for the High Taxes for the rich? YOU!
You'd think it'd be the rich people who would pay for it, but I guess not...they would rather families that are on the streets looking for a home to stay pay for it because they don't want to part with their hard-earned cash.
By the way, prices to do not get 'upped' for taxes. Income tax is based on what you make so you can't really adjust your prices to make more, or the government will just take more of your money. Or at least, thats how it works in Australia.
You do by higher prices, you do by less jobs. In the end the Rich find a way to pass the buck onto you. Economics 101
You still haven't really proven that raising taxes on rich people is causing more jobs to go out the window than what would already be happening anyway.
So instead of trying to fix the problem, we compound it by adding more job losses and higher prices on products through High Taxes. GOOD IDEA!
You can't stop a recession from happening once it gets past a certain point. And for some reason, you seem to think every rich person in America owns a local corner store. That, obviously, is not true. Most rich people work in high-skill environments that are in turn run by even richer people, and in almost all these cases, we're talking luxury products.
Where have I heard it before... Oh yes, in the articles that have come out in how FDR's Socialist Polices actually Prolonged the Great Depression.
FDR added 7 years onto the Great Depression. How much will Obama add on to this one?
Who knows, but I'd rather be a poor person in Obama's America than a poor person in McCain's. And, contrary to popular belief, not all poor people are lazy scum who mooch off the government. A lot of them just didn't get a fair go.
Where, where did I say the problems right now are based on High Taxes? No where. But all you are going to do from Obama's tax plan is compound it, you're going to do even more damage to the American Economy. If you have a problem with this fundamental fact, go and take it up with the Professor of Economics at Carnegie Mellon University.
Your chain of events sounds lovely - but once again I'm pointing out the fault isn't of the government asking for money, it's of the rich people who hide their money in offshore accounts.
For some reason that doesn't seem to pertube you - it's almost like you think these people should be allowed to dodge contributing their share if the government is asking too much. Prosecute that tax dodgers! Don't say 'okay, if you don't want to pay that's alright, keep your money and we'll get it from these stuggling blue-collar workers instead, they should have gone to university".
Being the Land of Opportunity, does not mean it is the land of free hand outs. You gain that opportunity, you gain those Mercedes, you gain those McMansions by hard work, self determination, and a lot of sweat and tears. Taking from one and giving to the other who didn't work as hard, who havn't devoted so much time and sweat into their product, goes completely against the American Dream.
In a perfect world, where police and roads and firefighters don't cost anything, and all rich people became rich legitimately, and all poor people are lazy scumbags who should be exterminated.
Or to put it to something you can understand, You're 16, probably work hard in your class right? And you probably have some dumbass that goofs off and never does his homework and is flunking one of your classes. To make life fair, how about your teacher takes 1/4th of what ever grade you get on a test you studied for, and gives it to the goof off. So if you make a 100 on a test, and he makes a 50. Both of you make a 75. It's fair right? It gives him opportunity right?
In a highly simplified scenario. If I was really smart I would be happy to sacrifice marks to help someone who was truly struggling.
There is more than smart people and dumb people, just like there's more than rich and poor. There's smart people who work hard, and smart people who do minimal work but still beat everyone, there's average students, there's students who have a negative effect on the class, there's students with learning difficulties.
Part of your problem I think is that you bundle people into groups and then say ALL people in this group behave in a way which describes only some of them.