General Discussion
In reply to the discussion: Does anyone realize what the GOP just did? [View all]humbled_opinion
(4,423 posts)Where I work about their response to blocking this rule that over 60 percent of Americans favor as a way of increasing revenue, I mean you would think that they would get pummelled for not supporting this and .... You know what they told me?
" The Buffet rule would bring in about 10 billion per year in actual revenue to the U.S. treasury, and that simply won't be enough to maintain the lavish vacations, clown suits, mind readers, and yes foreign hookers for the various government agencies not to mention the costs of the first family's extravagant lifestyle, hip hop parties in the White House, multi million dollar vacations, hundreds of rounds of golf, etc." Further they claim that under Obama, "Government has become fiscally incompetent" and then they launch into tirades from Gas prices to fast and furious....and finally they say the rich are not altruistic, they are certainly not stupid, they are rich, increasing their taxes will do nothing but result in them securing that revenue from another source, i.e., if they are a business they will pass costs onto consumers, if they aren't a business they will move money out of the U.S. and invest it overseas which will impact jobs here in America....
I always get told that I have not concept of real world economics.... and sometimes I find it hard to counter their common sense arguements i.e., they ask if the RICH were going to just roll over and pay more revenue in the form of taxes to the government then why don't they just take less deductions now? Than they ask me if I were rich and the government increased my taxes how would I offset that.... it is a compelling case because certainly if the rich were altruistic this wouldn't be an issue at all.