The Slippery Slope Barack Obama Leads Us Down!!

Having the upper few percent pay a little more that they can easily afford is SURELY worse than borrowing more money from the Chinese, and giving them just a little more ownership of this country. How patriotic of you.

If $200-250,000 is considered to be rich, perhaps those of us who make under that should not be taxed at all! Those who operate businesses have much more opportunity to take advantage of deductions and tax breaks than those who work for a salary or hourly wage - many are able to show so many business-associated expenses that they do not even owe taxes! You are correct that it is the hard-working American that will end up footing the bill for those who prefer to sit on their duff and draw welfare. This isn't all that much different from the way it is now - other than it sounds like he's going to take it to an extreme. What Obama doesn't acknowledge is that when major businesses experience added taxes and/or less deductions and tax breaks, they will either pack up those businesses and move them to a country that will support them, or they will down-size their businesses until they fall under the "wealth line" set by Obama.

The middle class are the one's who will be hurt the most by 0bama. The things that he is planning to do, the programs that he is talking about implementing, the money that he wants to spend cannot be done without raising taxes on the middle class. When that happens, he will have some halfarsed flowery speech prepared to read from a teleprompter explaining that despite his best intentions he really has no choice but to raise taxes on everyone. Even raising taxes on the rich means that people will lose jobs as companies reduce personnel in order to save money. Anyone who votes for 0bama deserves exactly what he is going to do to them.

I'm not surprised that Obama wants to raise taxes on the people he defines as rich. What does surprise me are the people who think that's right and proper. What really surprises me are the people who say, "Hey, they're rich. They can afford it." Is that really the issue? Obama is comparing people who make $250,000 with those who make $5 million or more. That's insane. It's like comparing people who make $25,000 and those who make $500,000 and saying they should all pay the same percentage of taxes. This elelection has really opened my eyes. I had no idea that 40% of our country paid no taxes at all. That's also insane. You're right in your assessment. Raising taxes on businesses and the so-called rich will not get Obama enough money to do all of the new projects and programs he proposes. For one thing, those businesses will have fewer reasons to stay in the US. And people who make $250,000 can easily have their pay plans restructured so that they're making less. Then, when the tax money is not what Obama envisioned (which tax experts say isn't enough anyway), then he will reach down farther. And will these people who are so willing to let their rich neighbors pay more also be willing to pay more? That's doubtful. But they will not listen. Someone asked me the other day if I was a "I told you so" kind of person. I never have been, but if Obama does win, I might have trouble not doing so.

Someone making $250k could pay 80% taxes and still have more money to live than my family does. I know many people who are struggling and doing worse than I am. I find it hard to believe that anyone who has watched a family WORK and still struggle to provide only the necessities to their family actually has a problem with raising the taxes of the wealthiest 5% of us. If anyone really believes that there are not people in this country who WORK hard day in and day out to provide for their family and still come up short, you are ignorant. The sad thing is that there are many people who think anyone who is not wealthy is lazy. And YES I do believe that if you make $250k you are wealthy. If you are wealthy and believe that everyone below you is lazy, you would likely change your mind rather quickly if you were to lose your wealth. If you had to work overtime every week at your job and still come home and tell your child they can not have something as small as a class t-shirt because you don't have the money, you may change your mind. If taking your child to the park would leave you without gas money to get to work you might change your mind. It really irks me when people call others lazy and stupid or say that they lack ambition if they are poor. There are a lot of good, hard-working people that do not deserve to be disrespected like this.

Taxes, if you haven't noticed, is what funds our government. I personally can say that I would rather pay more taxes and know that it will do more good by helping others than having it in my account and spending it on something pointless. Taxes help create jobs and help build better infrastructure for communites. I am true believer that in order for one person to succeed everyone has to help them. This also lends its hand into universal healthcare and helping everyone and not just the people who can afford it. We have a very high deficit that can only be fixed by charging taxes and balancing it. I very much doubt that this is a "slippery slope" because if it is then we all will end up on some federal funding program.

Taxes - a thorny issue. No one wants to pay taxes, because of self greed. Alternatively, no one wants to go without the things taxes pay for (or should be paying for). This is the difference between Keynesian and Monetarist fiscal policy. Imagine for a second the two extremes - no taxes versus 100% tax. No taxes means no army nor police. The ric would have to employ a personal army to protect themselves, their families and possessions from the have-nots. Your country could be invaded, and all those soldiers (100,000s) would be trained to kill, but unemployed and back at home in your own country. Anarchy. Also, all those people who work for the CIA, FBI, Washington government, town and state government would be unemployed. 100% tax = communism, and little incentive to study, better yourself and take the tough job route. No doctors, no businessmen (whose businesses incentivize invention and innovation), no bankers or lawyers (well, every system has it's good side). It is finding the right balance between the two. Some believe that if taxes are higher, then more money goes to American businesses from the State, wilst also paying for health care, education etc for the low paid. Hence, if you improve the general quality of life for the lowest earners, it makes for a safer and better future for all, including the well-to-do. Others believe that lower taxes allow those who earn money to keep the right to spend it as they wish. Unfortunately, these people may choose to buy a European or Asian car, which does not benefit the country, resulting in unemployment in Detroit etc. They may take their dollars abroad on holiday, helping other countries economies but not their own. Ultimately, it is the balance which should tax according to ability to earn. Whether you believe Obama or McCain have the right balance is your choice.

Up in Canada, we have progressive taxes, and it seems that those making over $123,000 are considered wealthy. Here is the link to our tax rate. http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html Now it seems that Obama even surpasses that. If he cannot raise enough taxing Bill Gates and those guys, he will have to include more in the rich. Those in the top can take advantage of tax breaks, the middle class cannot. The tax payers or rather the middle class tax payers will pay for the new programs, not the rich and not the poor.

This is true. And the thing is when people get on aide it is actually harder for them to get off because it is designed to keep people that way....just barely making it. My brother last year had to sell his business that he started on his own with no formal education, just his very good hardworking hands (landscaping) and over four years built up a decent amount of customers in fact he needed to hire help to get all of it done, but as the cost of gas went up, etc. He needed to get a small business loan. He did not qualify because my SIL made too much money at her job....and not to mention they were almost losing their house in the process...well he sold his business. This is what I don't get....why the hell would a place loan money (like small business loans) to people who may or may not be able to afford to pay it back instead of lending it to someone like him who most definitely would have been able to pay it back.... This is why I can forsee problems also with Obama's idea on Healthcare. Not only will more stress fall upon the working class who live paycheck to paycheck, but more people quite possibly will become dependent on this government program because their small business may shut down. This may be a small percentage as Obama points out, but they are Americans who are contirbuting to our economy..... So what happened to the American Dream? I am sure my brother is asking that all the time....and maybe one day he will get that chance again. I think the answer is simple...put everyone on the same playing field....flat tax. That way the big wigs will realize they are no better and have less of a voice....while the working class will strive harder and better and actually sound off our voice. I am not sure of the percentage of middle to upper, but I tend to think middle is much larger....so I think this would work.