Obama Announces Re-election Bid

[TheMercenary]

Originally Posted by Fair&Balanced

Strictly ARRA (stimulus) - 1/3 tax cuts and tax relief (middle class and small business), 1/3 benefit increases (UI, COBRA extensions, etc) and 1/3 grants/contracts (job creation)

Cool, and please tell us, exactly how much of that money has been let? 100%? 75%? 50%?

[TheMercenary]

rut row..... Obama plan looks like it has not worked...

NEW YORK (Reuters) - Silver soared to an all-time high on Thursday and gold rose to another record, as a falling dollar and signs that the Federal Reserve would maintain a loose monetary policy boosted precious metals' appeal as a hedge against inflation and economic uncertainty.

http://finance.yahoo.com/news/Silver...&asset=&ccode=

[TheMercenary]

But yet you did not site or copy and paste the millions of dollars where no jobs were created. Why?

[TheMercenary]

Originally Posted by Fair&Balanced

I havent seen any flat or "fair" tax proposal where the numbers work or that is not highly regressive.

Cite.

In fact in the few highly industrialized countries where they were attempted, they failed miserably in meeting revenue projections.

Cite.

[Fair&Balanced]

If you want to defend a flat or fair tax, do it with a real example with real numbers and not some undefined economic theory like it will "trickle down" and create more jobs than ever.

That is all I am asking.

You say it would be better. Show me the money.

[TheMercenary]

Originally Posted by Fair&Balanced

If you want to defend a flat or fair tax, do it with a real example with real numbers and not some undefined economic theory like it will "trickle down" and create more jobs than ever.

That is all I am asking.

And all I am asking is that you defend your assertions. I will wait. Go!

[Fair&Balanced]

Originally Posted by TheMercenary

And all I am asking is that you defend your assertions. I will wait. Go!

Mercenary....you do that all the time.

You make a claim, wont defend it with facts or a real example and say prove me wrong.

Nope. You claim it would fairer and better. Provide an example that works.

[TheMercenary]

Originally Posted by Fair&Balanced

Mercenary....you do that all the time.

You make a claim, wont defend it with facts or a real example and say prove me wrong.

Nope. You claim it would fairer and better. Provide an example that works.

No, you defend it. You are the one who made the claim. All I did was state what I thought would work. You stated that in your massive, but obviously weak experience, I mean since you really have no political connections, that, "In fact in the few highly industrialized countries where they were attempted, they failed miserably in meeting revenue projections.", and.... wait for it..... "I havent seen any flat or "fair" tax proposal where the numbers work or that is not highly regressive.".... so step up to the plate and back your assertions up with citations and facts. Thanks. I will wait for you.

[Fair&Balanced]

You really are a trip! Always putting the burden on others who challenge your claims.

The only area of agreement between us is that a flat tax is simpler than the current system. Not better, not fairer, but only less complex.

I cant prove that it wont work. I can only say that I have not seen a proposal that would work and would not be regressive and cost middle class taxpayers more as well as eliminate current tax incentives that benefit middle class taxpayers - home ownership, retirement savings. etc.

If you know of one that works and doesnt have the downsides that I noted, we can discuss it.

[TheMercenary]

Ok, got it. You can't dispute my statements. You have no citations. You can't prove it won't work. All I did was ask you to back up your statements. You can't discuss it because you still have not backed up your previous statements.

Good night.... loser.

[Fair&Balanced]

Its been fun and more laughs.

I'll wait til the next time you say a flat tax would be better and ask you to demonstrate with a real example of how that would be the case.

I wont expect an answer, but will assume you will turn it back on me and demand that I prove it wont work.

Nice trick!

[TheMercenary]

Originally Posted by Fair&Balanced

...... I prove it wont work.

Still waiting.....

[TheMercenary]

SO you can't prove your statements. Ok. I get it. Carry on.... You made the assertions. I quoted them. You can't back them up. Well done. Excuse me while I take something for the Cellar's Reflux.... careful it is really HCL acid.

[classicman]

...

[Fair&Balanced]

Classicman's charts above demonstrate one of the problems so that even the most blindly ideological should be able to see.

A common demoninator of every flat or fair tax proposal is that they lowers the tax obligations of the top taxpayers at the expense of the middle class.

On the other side of the equation, such taxes never generate the level of revenue projected because they are based on ideological assumptions of economic growth (voodoo economics) at unrealistic levels with no basis in fact.

The current fair tax proposal that is floating around calls for a 23% VAT (sales tax). Independent analyses of the proposal suggest that it would take a VAT tax of at least 34% to be revenue neutral.