Petition on Whitehouse.gov for Louisiana to Leave the Union

• BobYoMeowMeow wrote on 2012-11-13 23:52
  Raising taxes when the economy is booming isn't really bad
  it'll help keep inflation low by reducing peoples' spending money so wages can catch up.
  Unfortunately, economies have limits and thats when the dot com bubble went into play.
• TLCBonaparte wrote on 2012-11-14 00:55
  [video=youtube;nhQ31b_dbnM]http://www.youtube.com/watch?v=nhQ31b_dbnM&feature=g-u-u[/video]
• Oizen wrote on 2012-11-14 04:41
  I have sparked the political arguments by not immediately agreeing with what people are saying. Nooooo D:
  
  
  

  Quote from Nithiel;980589:

  Wrong. Obama is trying to extend the Bush tax cuts for people who make less then (250k a year if I remember right) while letting them expire for the people who make over that amount. HOWEVER. the Repulican congress ruled by rich people aren't having that shit and keep cock blocking him, telling him that they will not stand for even a .0000001% tax increase on the rich and therefore will not agree to any plan that includes such a thing.
  
  

  [Image: https://sphotos-a.xx.fbcdn.net/hphotos-ash3/550960_10152267065730092_1368746826_n.png]

  
  
  I've never quite understood the tax bracket system. Why not just a flat %? In the end the rich are still paying more.
  
  Reaganomics, and punishing the successful are just stupid.
  
  
  

  Quote from paladin;980606:

  Are you assuming they will automaticly hire people?
  A rich person could very well sit on his butt with his money and keep this company at his state

  
  
  I don't remember saying anything like that but ok.
  
  
  I'm sure having less money will inspire them to expand their businesses and hire more people.
  
  
  

  Quote from Nithiel;980673:

  Really the congress has two options, stop being stubborn and learn to compromise with the president, or come January 1st ALL our taxes will go up a LOT AND there will be massive spending cuts because of the debt-ceiling.

  
  
  The entire 2 party system needs to be destroyed. Neither party is willing to sit down and deal with the problems at hand. They'd much rather go to war with each other. It happened during the Bush era, which lead to him being able to do almost nothing.
  
  And now its happening during the Obama era, which will probably lead to us doing nothing.
  
  yet again.
  
  
  
  

  Quote from BobYoMeowMeow;980636:

  false
  if their income tax goes up, they'll give themselves smaller salaries and spend the business' money on buying new equipment, or maybe hire (the least likely outcome)
  Thats how they handled the 39.6% income tax during the Clinton era
  They don't hire more people if don't need to. Those 2 guys running the store just has to work harder
  Also they dont invest money during a bad time in the economy (you invest when economy is good so that you're sure that you'll get the money back and the interest rates would be higher)
  they just save on offshore accounts. It's called the Double Irish with a Dutch Sandwich
  http://www.nytimes.com/interactive/2012/04/28/business/Double-Irish-With-A-Dutch-Sandwich.html
  
  According to the Congressional Budget Office
  (which is run by Republicans, including Paul Ryan)
  http://www.cbo.gov/sites/default/files/cbofiles/attachments/11-08-12-FiscalTightening.pdf
  
  If they extend the Bush tax cuts for all tax brackets except the highest two
  there will be a projected 1.6 million job growth
  and 1.3% in GDP growth
  
  If they extend the Bush tax cuts for those two top tax brackets alone.
  there will only be a projected 0.2 million job growth
  and 0.1% in GDP growth
  
  now it's Congress' choice to vote and pass the bill that would affect this countries' tax cuts

  
  Didn't a good number of companies move overseas during clinton's rule? Pretty sure he killed our Manufacturing jobs.
  
  
  

  Quote from Lan;980683:

  Texas' petition has 75 thousand or so signatures.

  
  Cant Texas legally leave the united states? I mean they were their own country at one point. Briefly.
  
  
  

  Quote from Cucurbita;980696:

  http://www.nytimes.com/2012/11/13/opinion/rubin-deluding-ourselves-over-the-fiscal-cliff.html
  
  tldr: "President Bill Clinton’s 1993 deficit reduction plan increased income tax rates for roughly the top 1.2 percent of incomes. Opponents said this would lead to recession. Instead, we had enormous job creation and the longest economic expansion in our history."
  
  The answers all lie in history, no one ever references it though.

  
  
  Raising taxes = Not getting elected next year.
  
  Which is all politicians care about.
• BobYoMeowMeow wrote on 2012-11-14 05:08

  Quote from OizenX;980849:

  
  I've never quite understood the tax bracket system. Why not just a flat %? In the end the rich are still paying more.
  
  Didn't a good number of companies move overseas during clinton's rule? Pretty sure he killed our Manufacturing jobs.
  
  

  
  
  The tax bracket system is originally to keep taxes low for the poor as they spend most of their income anyways
  and take more money from the rich as there's no incentive for them to spend more of it into the economy (they can afford all the basic needs and housing)
  and reduce the spending power of the middle class to prevent high inflation
  In the current state, it's just better to keep the tax cuts for the lower and middle tax brackets. (and lower the middle classes' taxes even further)
  
  The companies moved overseas because of NAFTA and the 35% corporate tax rate
  China's corporate tax rate is 25%
  However, outsourcing was more common in the 2000s than the 1990s since the United States' economy is booming during the 90s
  Companies don't see a need to cut back on costs since there's so much money.
  The later depression made them realize that they can still maintain large profits while cutting back on employment.
  
  You can say that Clinton indirectly wrecked the manufacturing industry with NAFTA but the United States is at the state of no return since manufacturing doesn't take much skill and is done in other countries at a ridiculously low cost. Might as well shift the American economy towards more advanced jobs like engineering. Also, the low paying jobs in the United States nowadays are the service jobs like fast food restaurants and retail stores. Americans are still heavy consumers.
  Anyways,
  both the Republican party and Obama believe that the corporate tax rate should be reduced to 25%
• Lan wrote on 2012-11-14 15:18

  Quote from OizenX;980849:

  
  Cant Texas legally leave the united states? I mean they were their own country at one point. Briefly.

  
  
  Not sure. Anyway even if they get a lot of signatures it probably wont happen since even their governor is against it.
• Aubog007 wrote on 2012-11-19 11:15
  If texas secedes, how can they defend themselves against outside threats, they waive all military bases and personnel back to the US government.
  
  
  No immigrant would ever want texas to secede, all of the republicans that are obviously sore losers are the one voting for all of this petition crap.
  
  
  
  I stick with Obama because it means i get to keep my government job while all of the Republicans want to privatize the postal service and have free power to lay off anyone who works there and yet forget that the USPS is only funded by the sales of stamps.
  
  
  Good god. A republican president would have caused less jobs in america, because that's what we need.
  
  
  Also for the record, taxes do not bother me in the slightest, not even a hindrance at all, i don't get the big deal on being taxed unless you piss away your money on luxuries.