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amp
Wal-Mart Associate
Joined: 11 Oct 2002
Posts: 234
Location: Calexico
  
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 Posted: 12 Nov 2002 01:23 PM Post subject: |
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| Ataraxia wrote: | | Bush is reintroducing Reagenomics with a 20% tax cut not only on income taxes, but on INHERITENCE TAXES--i.e. those who are wealthy and come into more get to keep it |
People of low to middle income would benefit most from a 20% tax cut, my friend. In regards to inheritance tax, that doesn't solely apply to rich people, either. The inheritance tax, right now, is ridiculously high.
Let's say your parents died a year after paying off their house. They were always of middle to low income. They really never had any great luxury. All they had was a car and the house they spent their lives paying for. Anyway, they leave it to you in their will. It's a modest house valued at $80,000(they probably paid between $150,00-$220,000 with interest, over the years). Guess what, you now have to either come up with $40,000 by tax time, or sell the house to come up with the money. Your parents paid all that money during their lives to buy a house that the government now owns half the value of. All, just because they died.
If inheritance tax was lower, you wouldn't have to pay so much. Don't buy into these ideas that no matter what you have to make sure that rich people get their money taken away from them. Very rich people will not really be affected by any of these cuts. If you raise income taxes and higher inheritance taxes they'll still have a lot of money. The people who are affected are poor and middle class people. These are the people that spend their lives working, so that in the end the government takes what they've earned.
Lowering income taxes, or even better, setting a flat income tax rate for everyone; and lowering inheritance tax and capital gains taxes are the only solutions for middle and lower class people.
It's good that you're learning things in school, just don't believe everything your teachers tell you. They're not smarter than you, they just have had more time to hear more b.s. ideas that make them sound smart, than you have. They are not always right, and in most cases are just repeating what their professors told them in college, or what some outdated textbook says. Listen to both sides of an argument, then form your own opinion. |
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spic-ole
Coffee
Joined: 10 Oct 2002
Posts: 1625
Location: UC Calecia
Votes: 1
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| Posted: 12 Nov 2002 01:30 PM Post subject: |
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| amp wrote: | | Listen to both sides of an argument, then form your own opinion. |
Professors are full of shit half the time. They're usually a bunch of pompous, wine drinking, assholes. Especially in places like Berkely. You want to know what's really going on. Pick up the actual bill, read it, and if you actually understand it, form your own idea.
That's the problem with the world of IV League. All the graduates of these school really are, are a bunch of mindless, copy machines. They don't know what they're really saying, but it sounds smart and that's what matters.
Go out in the real world and see what's really going on for a change. Your teachers only know what they read in studies and what they're peers say. Have em live in the ghetto for a year, then take their opinions seriously. |
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amp
Wal-Mart Associate
Joined: 11 Oct 2002
Posts: 234
Location: Calexico
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| Posted: 12 Nov 2002 01:46 PM Post subject: |
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| Ataraxia wrote: | | By the way, how come no newspaper, not new york times or nothing, has brought up that the most of the current crises with the middle east were funded by the U.S over the last few years? U.S gave lots of money to them and CIA training which led to the Sept 11 th thing. They also paid for the Taliban to take over. THey gave Saddam Hussein billions before he became a problem somewhat longer ago. |
All of this was very indeptly covered by the media when all this happened. It was all over the TV and newspapers. Don't think that there's a conspiracy to hide this info. Believe me, if you know about it, that means it's been on TV. |
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Mars
Tecato Revisited
Joined: 15 Oct 2002
Posts: 1363
Location: mangled in blackhole
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| Posted: 12 Nov 2002 02:28 PM Post subject: |
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| As an educator myself i have to tell you guys that yes, we are full of BS |
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Ataraxia
Cholo Nako
Joined: 11 Nov 2002
Posts: 9
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| Posted: 12 Nov 2002 02:36 PM Post subject: |
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[quote="
Professors are full of shit half the time. They're usually a bunch of pompous, wine drinking, assholes.[/quote]
I'm afraid these are my own stupid ideas not those of my professors. I am currently studying ancient art of China and Hellenistic Greece--not f--king poli sci. I don't believe that tax-cuts are the answer to anything, but I am moving to a socialist country and believe in the greater benefits of higher taxes. And I don't believe that an inheritence tax should be top prioty as so many new articles last week stated. What does it have to do with current issues? HOw can it benefit the poor more. Isn't it more likely that in the example given earlier that a poorer person (who doesn't live in Calexico where housing is cheap) will ended up with a pile of debts inherited from their parents rather than a house. Poor families are poor by definition and when they do have something it's great to get it and keep it in the family, but realistically, how often does this happen? Even in Calexico, how many old people die with their houses paid off? How many of them actually die owing stuff from the morgages they've taken out? People in such a situation would benefit more from having money spent on programs that could help people for one thing not be dependent on the odd chance they might get their parents house (assuming they don't have a number of competing siblings either). It would be better if their were more job programs, better education, and all that stuff than possibly someone might get a better deal on a house |
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Mars
Tecato Revisited
Joined: 15 Oct 2002
Posts: 1363
Location: mangled in blackhole
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| Posted: 12 Nov 2002 02:41 PM Post subject: |
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| Politics suck, and i believe this is getting way too intellectual for me. But i know one thing. i am never moving out of this fuckin' country. Socialism is good in theory but when the fuckin' rulers of the government follow their own god damn theory then maybe it will work. The only true socialist that didn't corrupt himself when they took over the government was Che Gueverra |
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spic-ole
Coffee
Joined: 10 Oct 2002
Posts: 1625
Location: UC Calecia
Votes: 1
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| Posted: 12 Nov 2002 02:41 PM Post subject: |
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| Ataraxia wrote: |
I'm afraid these are my own stupid ideas not those of my professors. I am currently studying ancient art of China and Hellenistic Greece--not f--king poli sci. |
Well maybe you should study some poli sci, you might learn something. |
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amp
Wal-Mart Associate
Joined: 11 Oct 2002
Posts: 234
Location: Calexico
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| Posted: 12 Nov 2002 02:47 PM Post subject: |
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| Ataraxia wrote: | | ...not be dependent on the odd chance they might get their parents house (assuming they don't have a number of competing siblings either). It would be better if their were more job programs, better education, and all that stuff than possibly someone might get a better deal on a house |
Yeah, God forbid they get to keep something they worked for...let's just use their inheritence to create more worthless programs and make even more people dependent on the taxpayers. This way the circle is complete. They take my money to fund programs with that will keep me from ever attaining anything myself and keep me dependent. No thanks! |
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