Comments by "wvu05" (@wvu05) on "No One Is Buying The Republicans' Deficit Fearmongering Anymore" video.

Funny that the last time we actually balanced the federal budget was after tax increases that every Republican voted against.
14
@Terrackhimself Indeed. I've even known Republicans who lamented the budget deficits of the Bush years in real time, but didn't want to touch the tax cuts and DOD to do anything about it.
4
@joelrunyan1608 Taxes do not necessarily "destroy money." A lot depends on what it is being used for. If taxes are being used for things like infrastructure and education, it creates wealth because it creates the circumstances that make wealth possible. Look at what happened in the years after WWII. Taxing the rich also has the added bonus that it reduces wealth inequality, and the more unequal things get, the harder it is to improve your station.
2
@Achrononmaster I am not talking about the economic impact. That is a different discussion completely. The point is that they want to complain about deficits, but they do things to increase the deficits.
1
Michael Shlomo There is a lot of room between taxing the rich at the rates they are being taxed at now and 95%. The top bracket could easily be in the 50-70% range and still have a positive economic impact because it is paying for needed investments in the country.
1
@W1LdnKai So, we should focus our taxes on the rural poor?
1
Michael Shlomo Why 44.9%? The top marginal tax rate between WWII and Reagan never dipped below 70%, and the economy grew faster and more people benefited than at any time in American history. Nobody is proposing that rates above 50% kick in at half a million. Income would be pretty high for the top rate to kick in. I've seen anywhere from $10MM-$1B for the highest rate.
1
@W1LdnKai Yeah, I've heard that argument, and literally every explanation of how it will work once details are filled in shows that it will shift the burden to people in rural areas. Anything that is not a tax on income or wealth is inherently a regressive tax.
1
@W1LdnKai The reason why such a tax is inherently regressive is that it always gets passed onto the renter, and taxes on income are much more difficult to pass onto the consumer. The taxation is theft crowd are dishonest right wingers. We are talking about arguments about what is something the left should be doing.
1
I was thinking a cross between Ron Livingston and Jeremy London.
1
It's Battered Spouse Syndrome. I remember when Hillary Clinton that she had scars from the battles of the 1990s, but they were wounds, not scars. Pretty much all of the Democratic leadership was around when the Gingrich Republicans took over the House by going scorched earth, and they never got over it.
1