- #386
CAC1001
turbo-1 said:The people who resist allowing tax cuts for the wealthy to expire have no justification to fall back on, except their subservience to the wealthy.
This is simply nonsense. We can raise the taxes once the economy is healthy, but right now, it could dis-incentivize investment and it could harm small businesses. We don't want to penalize job creation at all right now.
The US has very liberal rules and regulations regarding business, investment, etc. The people that make millions and billions under our system should be expected to pay to support that system. There is nothing wrong with a progressive tax system in which the people who make the most money pay a higher percentage of their earnings in taxes. I expect someone will jump in now and call me a Marxist, but let's look back at the establishment of SS in the 30's. It helped keep old people from starving and freezing to death.
What does SS have to do with it? SS was supposed to be a system you pay into and then get paid back out of. It had nothing to do with taxing the wealthy.
The GOP mantra of "never raise taxes in a recession" is pretty lame when you look back at how bleak things looked in the 1930s.
Raising taxes during the 1930s is likely part of what caused the Depression in the first place.
My parents were born in the 20's and were raised in abject poverty. It would be hard for you to find 2 people who were more fiscally conservative, but they both voted Democrat consistently, thanks to FDR.
FDR did a lot of good things that made the Democratic party popular, such as SS, unemployment insurance, he did create jobs, and the infrastructure programs he created that built roads ports, electrical infrastructure, etc...allowed many formerly backwoods areas to become thriving economies. These were the good aspects of the New Deal.
These types of Democrat were the good form of Democrat. Today's Democrats are different.
I supported Republican causes in the 60's and thereafter, until Reagan sold out to the neo-cons.
In what way?
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