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- Thread starter Kreskin
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rue theUS Govt has expanded programs for the past 60 years or so. To many programs that are unsustainable under the present tax conditions, demographics and no bipartisan ability or willingness to meet half way.After this election the Repubs will have to sideline the Tea Party. No compromise what so ever with them.
Your logic doesn't make that much sense to me in the above post.
One of the beefs I have with Obama is that he has expanded the programs while increasing the taxes; at the same time that the economy is under performing.
This is a train-wreck just waiting to happen
How else do you expand programs without increasing taxes? I would agree that profits from industry should fund them, but realistically that ain't going to happen!
You don't expand programs knowing that you can't afford them.
Increasing corp taxes has resulted in some companies leaving the US or more commonly, relocating to different States due to better tax environments... Haliburtin moved their global HQ in part because of this.. The US Feds are losing-out on billions in tax revenues that might have remained
On a personal basis I would agree, but when you are acting on behalf of the desires of the electorate, then you do what they mandate. Or at least you have to make a judgment call............what is going to cost you most on election day? Increased taxes or lack of services? I would say the general trend is people want to have their hands held and noses wiped.
The gvt has pursued a program of 'buying elections' for years via handouts, freebies, etc... This isn't exclusive to Obama, but during a lengthy and deep recession, it is amazing that this program is even being considered.
I don't need to remind you that over 50% of the population in the US doesn't pay Fed income taxes - deepening and expanding this by virtue of going more heavily into debt is no different than getting a new credit card to pay-off the min balance that is on an existing one.
Most of the world's biggest companies are still headquartered in the US. This is just a sample.
3M
7-Eleven
Amazon.com
Apple Inc.
Associated Oil Company
AT&T
Autonomy Corporation
Avaya
Bank of America
Berkshire Hathaway
Best Buy
Boeing
Caterpillar Inc.
Chevron Corporation
Cisco Systems
Clean Harbors
The Coca-Cola Company
Comcast
ConocoPhillips
Dell
Digital Ocean
DuPont
EBay
ExxonMobil
Facebook, Inc.
Fidelity Investments
Ford
General Electric
General Motors
Gillette
Hewlett-Packard
IBM
Intel
Johnson & Johnson
Kraft Foods
Lockheed Martin
Marriott
MasterCard
Merck & Co.
Microsoft
Oracle Corporation
PepsiCo
Pitney Bowes
Proctor & Gamble
Starbucks
Visa Inc.
Walmart
The Walt Disney Company
Xerox
Yahoo!
THAT is not all that surprising. In some jurisdictions starting wages are $4 or $5 an hour.
P.S. - you'll have to forgive me, I bullsh*tted a little there. $5.15 appears to be as bad as it gets, average would be between $6 and $7.
http://en.wikipedia.org/wiki/List_of_U.S._minimum_wages
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Betcha that list was bigger 3 years ago
The minimum wage doesn't necessarily mean that all of the people not paying Fed income tax are making min wage.
Regardless, you still can't expect to operate a society when you can not generate the needed income to fund it.
You got that right...a lot of the wealthiest people are very good at using tax havens and deception to avoid paying any tax.
Money in a tax haven is already after tax money... Don't you wonder why wealthy people in the USA look at tax havens in the first place? Does raising the tax rate on them encourage them to repatriate the cash?
Not necessarily. If I have money in a Cayman bank and use that to buy stock then sell the stock at a profit with the money going back to that Cayman account there is no tax collected i the US even though I bought & sold the stock on the NYSE.
Same thing here in Canada. I can go into RBC in Edmonton and conduct transactions on the TSE with offshore money and it doesn't get taxed in Canada.
Now my feelings are the money gets taxed in the country where the transaction takes place. The Canadian govt is losing about $16 billion/yr through stupid tax treaties and offshore transactions that are really conducted in Canada.
First of all what kind of a nation do they have when the poor can only aspire to a new phone
after Bush was finished with them. Yes its a joke.
There is implications for Canada, they will siphon off our oil reserves like there is no tomorrow
with pipelines heading south. So much for us developing our resources for our own use.
If Romney wins America will face huge trouble that is called a depression in the States but hey
that is what makes people learn. The social aspects of America will also decline and poverty
will take on a whole new meaning.
Obama is not the best choice either because he spends too much time thinking about the problem
but at least he passed medicare and that will help him win.
Obama is going to win with the slimmest of margins, the people of Ohio are going with him and I
do believe he will show much better than the polls of a week ago indicate.
Romney is being hampered by the distortionists with their extreme views, the weird people on the
right are actually doing more damage to Romney than helping him. Its a reversal of sometimes
when the loony left cripple the Democrats mainstream. Who was it? Will Rogers who said no I
don't belong to a political party I'm a Democrat.
Well the reverse is the case in this election and by Tuesday the electorate will have sobered up.
after Bush was finished with them. Yes its a joke.
There is implications for Canada, they will siphon off our oil reserves like there is no tomorrow
with pipelines heading south. So much for us developing our resources for our own use.
If Romney wins America will face huge trouble that is called a depression in the States but hey
that is what makes people learn. The social aspects of America will also decline and poverty
will take on a whole new meaning.
Obama is not the best choice either because he spends too much time thinking about the problem
but at least he passed medicare and that will help him win.
Obama is going to win with the slimmest of margins, the people of Ohio are going with him and I
do believe he will show much better than the polls of a week ago indicate.
Romney is being hampered by the distortionists with their extreme views, the weird people on the
right are actually doing more damage to Romney than helping him. Its a reversal of sometimes
when the loony left cripple the Democrats mainstream. Who was it? Will Rogers who said no I
don't belong to a political party I'm a Democrat.
Well the reverse is the case in this election and by Tuesday the electorate will have sobered up.
If you wish to use that money in Canada (or the USA), it is subject to taxation the moment it comes into the nation (assuming that you are a US/Cdn citizen and have your primary residence in the US/Can).
That said, there is no problem going to the Caymans and spending it there, especially if you make the Caymans your primary residence - read: a wealthy person could do worse by leaving the USA and living in the Caymans
No it's called one of the 47%'ers.. America's Free Loaders.
Wish folks would quit being so delusional.. Mitt Romney is going to win.. That's it, that's all.
Karl Rove Begins To Give His Excuses For Wasting $300 Million Of Other People’s Money
On Tuesday, Rove predicted Romney would win at least 279 electoral votes and 51 percent of the national vote.
Then as the week went on and Mitt Romney’s lies about Jeep exporting jobs blew up all over Ohio and the president was called “outstanding” by the keynote speaker of the Republican National Convention, state polls kept showing what they’d been showing for
months–the president is ahead in Ohio. And he’s coming back in Virginia and Florida, states that would give him an electoral landslide.
There’s also the fact that cell-phone only voters who support Obama are being seriously under counted in the polls.
So what’s Karl Rove to do now that his butt is on the line to $300 million worth of donors? Start making excuses.
more
Karl Rove Begins To Give His Excuses For Wasting $300 Million Of Other People’s Money | Eclectablog
On Tuesday, Rove predicted Romney would win at least 279 electoral votes and 51 percent of the national vote.
Then as the week went on and Mitt Romney’s lies about Jeep exporting jobs blew up all over Ohio and the president was called “outstanding” by the keynote speaker of the Republican National Convention, state polls kept showing what they’d been showing for
months–the president is ahead in Ohio. And he’s coming back in Virginia and Florida, states that would give him an electoral landslide.
There’s also the fact that cell-phone only voters who support Obama are being seriously under counted in the polls.
So what’s Karl Rove to do now that his butt is on the line to $300 million worth of donors? Start making excuses.
more
Karl Rove Begins To Give His Excuses For Wasting $300 Million Of Other People’s Money | Eclectablog
If Obama wins:
*looks upward in anticipation of the Second Coming*
If Romney wins:
Walter called it months ago when we all thought Obama was a shoe in, and y'all got to eat your words on that.
*looks upward in anticipation of the Second Coming*
If Romney wins:
Walter called it months ago when we all thought Obama was a shoe in, and y'all got to eat your words on that.