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	<title>Comments on: Obama&#8217;s Economic Plan Would Punish Some Hardworking Americans</title>
	<atom:link href="http://donklephant.com/2008/04/19/obamas-economic-plan-would-punish-some-hardworking-americans/feed/" rel="self" type="application/rss+xml" />
	<link>http://donklephant.com/2008/04/19/obamas-economic-plan-would-punish-some-hardworking-americans/</link>
	<description>Big Teeth. Huge Ass. Surprisingly Reasonable.</description>
	<pubDate>Sun, 23 Nov 2008 10:21:23 +0000</pubDate>
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		<title>By: Elisabetta</title>
		<link>http://donklephant.com/2008/04/19/obamas-economic-plan-would-punish-some-hardworking-americans/#comment-396853</link>
		<dc:creator>Elisabetta</dc:creator>
		<pubDate>Wed, 23 Apr 2008 16:57:16 +0000</pubDate>
		<guid isPermaLink="false">http://donklephant.com/?p=5284#comment-396853</guid>
		<description>Comebacks such as  "straw man" argument are only effective when appropriately used. Otoh, I addressed and refuted the line of thought that Thomas laid out. He made two easily refutable contentions:

a.  People are not PUNISHED when making lots of money.

b.  People are ASKED to contribute.


His feeble attempt to purport the facts as something other than what they are, is euphemistic and wrong.  People are told - NOT asked - how much to pay and they are MULCTED for achieving more. Whether one agrees or not that people should be consulted or how that can be accomplished doesn't change that Thomas' premise was specious.

Perhaps, Thomas should rephrase what he actually meant.
Though, I am sure he did.

As to the many wasteful social programs and useless spending that are not cut back or reined in, conveniently some ignore WHO are the beneficiaries of keeping those programs alive; and which party stands to gain the most from keeping people down and dependent. That is, democrats!

How can democrats repudiate the very things that keep them in power? They can't. Therefore they battle to justify them, even demonize their opponents -  to maintain in place whatever necessary to stay in control, no matter how counterproductive; no matter how little or no return those programs actually produce. 

Unfortunately, for them, not everyone is mesmerized into the lie that the "government (i.e. liberals) know what's good for us, better than we do. There lies the ongoing fight between libs and cons.

Class, race and gender inequality are some of the things democrats pretend to fight against, instead exacerbate by the very policies they push forward.
Class-warfare, race-baiting and gender-fighting are at the very core of their agenda and the reason Jackson and pals are democrats.

It's been said before, but apparently some are deaf, that conservatives do not envision a world without taxes. That's utopian and foolish. Instead, what conservatives want to see happen is a more balanced view of taxation than the present kind or the one we will get if a liberal gets into the W.H.  A society, where everyone - not only the few - pay in, and where those who contribute are not doubly punished in the name of  liberal "fairness."
Small difference to some, huge to others.

Short of an epiphany Jim and I will continue to differ.</description>
		<content:encoded><![CDATA[<p>Comebacks such as  &#8220;straw man&#8221; argument are only effective when appropriately used. Otoh, I addressed and refuted the line of thought that Thomas laid out. He made two easily refutable contentions:</p>
<p>a.  People are not PUNISHED when making lots of money.</p>
<p>b.  People are ASKED to contribute.</p>
<p>His feeble attempt to purport the facts as something other than what they are, is euphemistic and wrong.  People are told - NOT asked - how much to pay and they are MULCTED for achieving more. Whether one agrees or not that people should be consulted or how that can be accomplished doesn&#8217;t change that Thomas&#8217; premise was specious.</p>
<p>Perhaps, Thomas should rephrase what he actually meant.<br />
Though, I am sure he did.</p>
<p>As to the many wasteful social programs and useless spending that are not cut back or reined in, conveniently some ignore WHO are the beneficiaries of keeping those programs alive; and which party stands to gain the most from keeping people down and dependent. That is, democrats!</p>
<p>How can democrats repudiate the very things that keep them in power? They can&#8217;t. Therefore they battle to justify them, even demonize their opponents -  to maintain in place whatever necessary to stay in control, no matter how counterproductive; no matter how little or no return those programs actually produce. </p>
<p>Unfortunately, for them, not everyone is mesmerized into the lie that the &#8220;government (i.e. liberals) know what&#8217;s good for us, better than we do. There lies the ongoing fight between libs and cons.</p>
<p>Class, race and gender inequality are some of the things democrats pretend to fight against, instead exacerbate by the very policies they push forward.<br />
Class-warfare, race-baiting and gender-fighting are at the very core of their agenda and the reason Jackson and pals are democrats.</p>
<p>It&#8217;s been said before, but apparently some are deaf, that conservatives do not envision a world without taxes. That&#8217;s utopian and foolish. Instead, what conservatives want to see happen is a more balanced view of taxation than the present kind or the one we will get if a liberal gets into the W.H.  A society, where everyone - not only the few - pay in, and where those who contribute are not doubly punished in the name of  liberal &#8220;fairness.&#8221;<br />
Small difference to some, huge to others.</p>
<p>Short of an epiphany Jim and I will continue to differ.</p>
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		<title>By: David</title>
		<link>http://donklephant.com/2008/04/19/obamas-economic-plan-would-punish-some-hardworking-americans/#comment-396786</link>
		<dc:creator>David</dc:creator>
		<pubDate>Tue, 22 Apr 2008 16:48:03 +0000</pubDate>
		<guid isPermaLink="false">http://donklephant.com/?p=5284#comment-396786</guid>
		<description>I'll bite.  In which American city can a firefighter and a schoolteacher - let's say, with 30 years experience each - come close to $200,000 a year?</description>
		<content:encoded><![CDATA[<p>I&#8217;ll bite.  In which American city can a firefighter and a schoolteacher - let&#8217;s say, with 30 years experience each - come close to $200,000 a year?</p>
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		<title>By: Jimmy the Dhimmi</title>
		<link>http://donklephant.com/2008/04/19/obamas-economic-plan-would-punish-some-hardworking-americans/#comment-396739</link>
		<dc:creator>Jimmy the Dhimmi</dc:creator>
		<pubDate>Mon, 21 Apr 2008 21:21:42 +0000</pubDate>
		<guid isPermaLink="false">http://donklephant.com/?p=5284#comment-396739</guid>
		<description>This is retarded.  Obama favors &lt;em&gt;less&lt;/em&gt; taxes.  Thats the whole point of this discussion.  He would rather have &lt;em&gt;less&lt;/em&gt; tax revenue come in to the Federal government so long as he can double the &lt;em&gt;rate&lt;/em&gt; of capital gains taxes, just because he thinks it is "unfair" for investors to make large amounts of money.</description>
		<content:encoded><![CDATA[<p>This is retarded.  Obama favors <em>less</em> taxes.  Thats the whole point of this discussion.  He would rather have <em>less</em> tax revenue come in to the Federal government so long as he can double the <em>rate</em> of capital gains taxes, just because he thinks it is &#8220;unfair&#8221; for investors to make large amounts of money.</p>
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		<title>By: Jim S</title>
		<link>http://donklephant.com/2008/04/19/obamas-economic-plan-would-punish-some-hardworking-americans/#comment-396720</link>
		<dc:creator>Jim S</dc:creator>
		<pubDate>Mon, 21 Apr 2008 17:17:49 +0000</pubDate>
		<guid isPermaLink="false">http://donklephant.com/?p=5284#comment-396720</guid>
		<description>Actually Thomas is right and it's not a euphemistic take. In the land of the modern conservative government is evil and has no right or reason to tax people. While they speak of smaller government and being willing to pay what they view as reasonable taxes somehow they can never persuade the majority to eliminate all social programs and regulatory agencies, which is what it would take to shrink government to a level they would presumably be willing to pay for. On blogs you get the "argument" that Elisabetta put forth about not being asked what she's willing to pay for and the amount she's willing to pay. I'd love to see what kind of system these people would suggest that would allow that kind of interaction in a country with the population of the United States. It's a strawman argument and not even a very good one.</description>
		<content:encoded><![CDATA[<p>Actually Thomas is right and it&#8217;s not a euphemistic take. In the land of the modern conservative government is evil and has no right or reason to tax people. While they speak of smaller government and being willing to pay what they view as reasonable taxes somehow they can never persuade the majority to eliminate all social programs and regulatory agencies, which is what it would take to shrink government to a level they would presumably be willing to pay for. On blogs you get the &#8220;argument&#8221; that Elisabetta put forth about not being asked what she&#8217;s willing to pay for and the amount she&#8217;s willing to pay. I&#8217;d love to see what kind of system these people would suggest that would allow that kind of interaction in a country with the population of the United States. It&#8217;s a strawman argument and not even a very good one.</p>
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		<title>By: Elisabetta</title>
		<link>http://donklephant.com/2008/04/19/obamas-economic-plan-would-punish-some-hardworking-americans/#comment-396713</link>
		<dc:creator>Elisabetta</dc:creator>
		<pubDate>Mon, 21 Apr 2008 16:16:07 +0000</pubDate>
		<guid isPermaLink="false">http://donklephant.com/?p=5284#comment-396713</guid>
		<description>Thomas: "You don’t get punished when you make lots of money, you get asked to contribute back to the system that allowed you to make that money."

Euphemistic take. I bet a huge number of people would beg to differ on your rendition of reality. Personally, I don't recall, EVER, being asked by the State or the Federal government whether I would consider paying in, nor how much I would contemplate sending.
I think it's none of your business what people want to do with their money, however, I think your "charitable" attitude should be tested in the real world.
How about you willingly sending more taxes with your return? After all, if this whole thing is voluntary why stop at the bracket you are in?

As to "punishment" it comes down to perspective and values. No rationalization is going to sweeten that pill.
Many like me, would rather choose WHO and WHERE to send their "extra" money, instead of the government ripping us off and deciding the allocation of our hard-earnings.</description>
		<content:encoded><![CDATA[<p>Thomas: &#8220;You don’t get punished when you make lots of money, you get asked to contribute back to the system that allowed you to make that money.&#8221;</p>
<p>Euphemistic take. I bet a huge number of people would beg to differ on your rendition of reality. Personally, I don&#8217;t recall, EVER, being asked by the State or the Federal government whether I would consider paying in, nor how much I would contemplate sending.<br />
I think it&#8217;s none of your business what people want to do with their money, however, I think your &#8220;charitable&#8221; attitude should be tested in the real world.<br />
How about you willingly sending more taxes with your return? After all, if this whole thing is voluntary why stop at the bracket you are in?</p>
<p>As to &#8220;punishment&#8221; it comes down to perspective and values. No rationalization is going to sweeten that pill.<br />
Many like me, would rather choose WHO and WHERE to send their &#8220;extra&#8221; money, instead of the government ripping us off and deciding the allocation of our hard-earnings.</p>
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		<title>By: Thomas</title>
		<link>http://donklephant.com/2008/04/19/obamas-economic-plan-would-punish-some-hardworking-americans/#comment-396709</link>
		<dc:creator>Thomas</dc:creator>
		<pubDate>Mon, 21 Apr 2008 15:26:30 +0000</pubDate>
		<guid isPermaLink="false">http://donklephant.com/?p=5284#comment-396709</guid>
		<description>"It actually creates disincentives for people to strive for higher incomes and penalizes hard working Americans who’ve done nothing wrong but make good choices and become successful."

I hardly think people will stop striving to make more money because they may get taxed slightly more. Lets not go completely over-board here. Paying taxes is also not a penalty. You don't get punished when you make lots of money, you get asked to contribute back to the system that allowed you to make that money. 

I think the American/Corporate motto of increasing your profits at all costs has proven that it doesn't work for society as a whole. SImply look at how corporations are doing in this economy vs. how the working man is doing. So maybe paying a little more taxes off my $200,000 income will pay for some better schools and help someone ward-off foreclosure on their home. Small price to pay in my opinion.</description>
		<content:encoded><![CDATA[<p>&#8220;It actually creates disincentives for people to strive for higher incomes and penalizes hard working Americans who’ve done nothing wrong but make good choices and become successful.&#8221;</p>
<p>I hardly think people will stop striving to make more money because they may get taxed slightly more. Lets not go completely over-board here. Paying taxes is also not a penalty. You don&#8217;t get punished when you make lots of money, you get asked to contribute back to the system that allowed you to make that money. </p>
<p>I think the American/Corporate motto of increasing your profits at all costs has proven that it doesn&#8217;t work for society as a whole. SImply look at how corporations are doing in this economy vs. how the working man is doing. So maybe paying a little more taxes off my $200,000 income will pay for some better schools and help someone ward-off foreclosure on their home. Small price to pay in my opinion.</p>
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		<title>By: Jim S</title>
		<link>http://donklephant.com/2008/04/19/obamas-economic-plan-would-punish-some-hardworking-americans/#comment-396695</link>
		<dc:creator>Jim S</dc:creator>
		<pubDate>Mon, 21 Apr 2008 05:28:24 +0000</pubDate>
		<guid isPermaLink="false">http://donklephant.com/?p=5284#comment-396695</guid>
		<description>This is &lt;a href="http://en.wikipedia.org/wiki/Lawrence_Kudlow#cite_note-3" rel="nofollow"&gt;Lawrence Kudlow&lt;/a&gt;. He is an avid and complete believer in supply side economics. He believes not in low capital gains taxes, but no capital gains taxes or taxes on dividends. A blog that specializes in economics and admittedly is left of center &lt;a href="http://angrybear.blogspot.com/2008/04/kudlows-elitist-and-out-of-touch-attack.html" rel="nofollow"&gt;talks about it&lt;/a&gt;.</description>
		<content:encoded><![CDATA[<p>This is <a href="http://en.wikipedia.org/wiki/Lawrence_Kudlow#cite_note-3" rel="nofollow">Lawrence Kudlow</a>. He is an avid and complete believer in supply side economics. He believes not in low capital gains taxes, but no capital gains taxes or taxes on dividends. A blog that specializes in economics and admittedly is left of center <a href="http://angrybear.blogspot.com/2008/04/kudlows-elitist-and-out-of-touch-attack.html" rel="nofollow">talks about it</a>.</p>
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		<title>By: Who&#8217;s Going to Pay the Bills?</title>
		<link>http://donklephant.com/2008/04/19/obamas-economic-plan-would-punish-some-hardworking-americans/#comment-396672</link>
		<dc:creator>Who&#8217;s Going to Pay the Bills?</dc:creator>
		<pubDate>Mon, 21 Apr 2008 01:10:22 +0000</pubDate>
		<guid isPermaLink="false">http://donklephant.com/?p=5284#comment-396672</guid>
		<description>[...] an interesting exchange at Donklephant in which Alan Carl takes issue with the tax provisions of Obama&#8217;s proposed economic plan: [...]</description>
		<content:encoded><![CDATA[<p>[...] an interesting exchange at Donklephant in which Alan Carl takes issue with the tax provisions of Obama&#8217;s proposed economic plan: [...]</p>
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		<title>By: Avinash_Tyagi</title>
		<link>http://donklephant.com/2008/04/19/obamas-economic-plan-would-punish-some-hardworking-americans/#comment-396623</link>
		<dc:creator>Avinash_Tyagi</dc:creator>
		<pubDate>Sun, 20 Apr 2008 04:11:09 +0000</pubDate>
		<guid isPermaLink="false">http://donklephant.com/?p=5284#comment-396623</guid>
		<description>@Jimmy:

Revenue from Income taxes dropped during the first few years of the Bush administration, even though capital gains taxes were cut, even now they aren't at their peak as a measure of GDP, seems to me an indication of a loss in revenue</description>
		<content:encoded><![CDATA[<p>@Jimmy:</p>
<p>Revenue from Income taxes dropped during the first few years of the Bush administration, even though capital gains taxes were cut, even now they aren&#8217;t at their peak as a measure of GDP, seems to me an indication of a loss in revenue</p>
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		<title>By: C Stanley</title>
		<link>http://donklephant.com/2008/04/19/obamas-economic-plan-would-punish-some-hardworking-americans/#comment-396617</link>
		<dc:creator>C Stanley</dc:creator>
		<pubDate>Sun, 20 Apr 2008 01:12:17 +0000</pubDate>
		<guid isPermaLink="false">http://donklephant.com/?p=5284#comment-396617</guid>
		<description>I think Avinash is  talking about people who can take stock options in lieu of salary, thus shifting some of their wage income into the territory where the income would be taxed as cap. gains. Seems to me that this loophole could be closed in a different manner though- put a cap on the amount of non-salary income that can be given, and then above that cap if people still choose to take stocks in lieu of wages they'll have to pay a penalty that would equal what they'd have paid in wage income tax. That'd be a bit like the caps on 401k contributions- to avoid the use of that structure to avoid income tax.</description>
		<content:encoded><![CDATA[<p>I think Avinash is  talking about people who can take stock options in lieu of salary, thus shifting some of their wage income into the territory where the income would be taxed as cap. gains. Seems to me that this loophole could be closed in a different manner though- put a cap on the amount of non-salary income that can be given, and then above that cap if people still choose to take stocks in lieu of wages they&#8217;ll have to pay a penalty that would equal what they&#8217;d have paid in wage income tax. That&#8217;d be a bit like the caps on 401k contributions- to avoid the use of that structure to avoid income tax.</p>
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		<title>By: Jimmy the Dhimmi</title>
		<link>http://donklephant.com/2008/04/19/obamas-economic-plan-would-punish-some-hardworking-americans/#comment-396612</link>
		<dc:creator>Jimmy the Dhimmi</dc:creator>
		<pubDate>Sun, 20 Apr 2008 00:22:12 +0000</pubDate>
		<guid isPermaLink="false">http://donklephant.com/?p=5284#comment-396612</guid>
		<description>How do people avoid paying income tax when capital gains rates are lowered?  How does the combined revenue of income and capital gains taxes decrease if  the income tax rates say the same, assuming revenue from capital gains goes up?</description>
		<content:encoded><![CDATA[<p>How do people avoid paying income tax when capital gains rates are lowered?  How does the combined revenue of income and capital gains taxes decrease if  the income tax rates say the same, assuming revenue from capital gains goes up?</p>
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		<title>By: Avinash_Tyagi</title>
		<link>http://donklephant.com/2008/04/19/obamas-economic-plan-would-punish-some-hardworking-americans/#comment-396593</link>
		<dc:creator>Avinash_Tyagi</dc:creator>
		<pubDate>Sat, 19 Apr 2008 20:22:22 +0000</pubDate>
		<guid isPermaLink="false">http://donklephant.com/?p=5284#comment-396593</guid>
		<description>marginal utility of money means that the rich will get taxed more, its not meant to punish the rich, its just how it works out an extra dollar is worth less the more you have so taking it away through taxes has less effect.

Now I agree while Obama's straight plan to raise the capital gains tax doesn't work, neither does your idea of just cutting it, because you will stand to lose revenue from income taxes.  No you reform the taxation, the lower brackets currently pay 5% in cap gains tax, they shouldn't pay any taxes on it, but the highest two bracket pays only 15%, they should be more like 20-30%, and the rest should be between 5-20% depending on bracket.  This should be in addition to a base tax that covers all income

And you do raise taxes when you are running deficits in the 400 billions and no one is willing to cut spending, McCain keeps cutting back on what earmarks means, he went from 60 billion to less than 20 billion in under a week.

Either you get out of Iraq and cut defense spending, alsong with reforming Medicare, medicaid, social security, cut aid to Israel, etc. 

Or you pay higher taxes, there is no free lunch</description>
		<content:encoded><![CDATA[<p>marginal utility of money means that the rich will get taxed more, its not meant to punish the rich, its just how it works out an extra dollar is worth less the more you have so taking it away through taxes has less effect.</p>
<p>Now I agree while Obama&#8217;s straight plan to raise the capital gains tax doesn&#8217;t work, neither does your idea of just cutting it, because you will stand to lose revenue from income taxes.  No you reform the taxation, the lower brackets currently pay 5% in cap gains tax, they shouldn&#8217;t pay any taxes on it, but the highest two bracket pays only 15%, they should be more like 20-30%, and the rest should be between 5-20% depending on bracket.  This should be in addition to a base tax that covers all income</p>
<p>And you do raise taxes when you are running deficits in the 400 billions and no one is willing to cut spending, McCain keeps cutting back on what earmarks means, he went from 60 billion to less than 20 billion in under a week.</p>
<p>Either you get out of Iraq and cut defense spending, alsong with reforming Medicare, medicaid, social security, cut aid to Israel, etc. </p>
<p>Or you pay higher taxes, there is no free lunch</p>
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		<title>By: gljunket</title>
		<link>http://donklephant.com/2008/04/19/obamas-economic-plan-would-punish-some-hardworking-americans/#comment-396590</link>
		<dc:creator>gljunket</dc:creator>
		<pubDate>Sat, 19 Apr 2008 20:08:02 +0000</pubDate>
		<guid isPermaLink="false">http://donklephant.com/?p=5284#comment-396590</guid>
		<description>No kidding! That's what socialist policies do: Create "disincentives for people to strive for higher incomes and penalizes hard working Americans who've done nothing wrong but make good choices and become successful." Well said! Which of course is exactly what we DON'T need in a recession with stagflation, record federal debt, and low value dollars.  Obama is the poster boy for more government meddling, of which taxes are the worst example. He would be the gasoline on the fires started by the fiscal irresponsibility of the Bush Administration. Cutting taxes was about the only thing they did right.</description>
		<content:encoded><![CDATA[<p>No kidding! That&#8217;s what socialist policies do: Create &#8220;disincentives for people to strive for higher incomes and penalizes hard working Americans who&#8217;ve done nothing wrong but make good choices and become successful.&#8221; Well said! Which of course is exactly what we DON&#8217;T need in a recession with stagflation, record federal debt, and low value dollars.  Obama is the poster boy for more government meddling, of which taxes are the worst example. He would be the gasoline on the fires started by the fiscal irresponsibility of the Bush Administration. Cutting taxes was about the only thing they did right.</p>
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