I'm not happy with either choice I have in this election, but choosing the lesser of 2 evils, I have to go with McCain.
We on this forum, who have taken our financial futures into our own hands, and try to better our situation by working for ourselves, should be alarmed by Obama's plan to "spread the wealth". That worries me, a lot. I work hard for my money, and Obama wants to give it to others that may not be as motivated as me to get ahead. With Obama's plan, those who choose not to work are being rewarded, with my money,(and yours). We don't need more taxes, we need more tax payers.
I remember Carter's presidency. That guy will go down in history as one of our worst presidents of all time. (Yea, he builds a good house, and all that, but he should have stuck with carpentry, or peanuts). But as bad as Carter's record was, with double digit interest rates and 13% unemployment, I think Obama will give him a run for his money for the worst president crown.
You don't think raising taxes on corporate America won't trickle down and effect you? Obama is going to raise the Capital Gains tax, the Estate tax, etc...
When you take away the incentive the $250,000 earners have for maintaining their businesses (Profits), why should they keep their businesses open? Would you work your ass off, only to have the government take away the money you earned so they can redistribute the wealth.
And, when we increase the corporate taxes on big business, you don't think they will pass these taxes on to us? Most of you talk about big business being able to get out of paying taxes, anyway, what do you think is going to happen when they are slapped with the excessive tax burden Obama is proposing? They are going to raise their prices, passing this increased tax burden on to us.
Obama wants to make all people equal. But the truth is, we aren't all equal. We are equal in opportunity, but we are not all equal in talent or motivation. Some of us went the extra mile and trained ourselves to be able to do the things that will put money in our pockets. Some of us got off our dead asses and worked hard to make a better income. Other, less motivated people could have done that, too, but haven't.
When these business owners close up shop, because all incentive has been taken away for them to be in business in the first place, this will put many middle-class Americans out of work (these are the guys employing the average American).
These evil rich people are going to cut back, and not take that vacation this year...not buy that new luxury automobile...not buy that new home... All these things will effect the people working in the Vacation industry, the Car & Housing industry. These people will probably lose their jobs because there won't be the discretionary cash available to make these purchases (less demand means less of these worker are needed).
Obama says that 95% of the American people will not see a tax increase. With his new spending plans, where is he going to get the funds to pay for all of that? How's he going to pay for 47 million new citizens having government supplied health insurance? And he claims that, if you are paying for health insurance, now, it will cost you $2,500 less a year than what your paying now. The figures don't add up.
Since Obama came into office, there have been 94 tax Bills to come before congress. Obama voted all 94 times to increase taxes. But, you say, he won't increase the middle-class' taxes...He promised...you have to be making $250+ before you will see a tax increase...FACT: In those 94 Bills that Obama voted to raise taxes, was one Bill that he voted YES to increasing the taxes of those earning $42,000. That's Middle-Class earnings all day long. Way far from the $250,000 he promises is his threshold.
When talking the other day to that Plumber, the Plumber asked: "Your new tax plan is going to tax me more, isn't it?" Complaining that he was being taxed "more and more for fulfilling the American dream".
Obama answered (on camera): "It's not that I want to punish your success. I just want to make sure that everybody who is behind you, that they've got a chance for success, too. My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody...I think when you spread the wealth around, it's good for everybody."
Not everyone behind me WANTS the chance for success. The motivation to succeed is taken away by Obama's plan. "I can sit on my ass and get paid the money you earned, so what incentive do I have to work hard to achieve my dream? I'll just steal YOUR dream." It works the other way, too. "Why should I work hard to make good money when it will just be taken away from me, anyway?"
Can anyone tell me how Obama's plan will work, fiscally? It will bankrupt this country.
I am a Reagan Conservative. When Reagan came into office, he slashed taxes and we came out of the Carter recession in record time. By lowering taxes the government actually increased revenues. We had 8 years of the best peace-time economy in our history. Lowering taxes stimulates the economy.
Joe Biden says pay the higher taxes, it's patriotic. Bite the bullet, it's your duty...
Obama wants to help the whole world with our money, giving billions in aid to other countries that hate us. Side Note: Obama encourages American Citizens to donate money to help causes world-wide. The funny thing is, Barrack & Michelle are in that upper income Barrack is talking about taxing (Michelle, alone, has been paid over $300,000 a year as a consultant for a number of years.) Yet, Barrack has a brother that lives in Africa, in a hut with a dirt floor, and he has NEVER helped his own flesh and blood in his poverty! Obama's tax returns show he donates less than 1/4 of 1% of his income to charity. But he wants us to open our wallets for this. (a case of do as I say, not as I do?) Open your wallet, Barrack, if you want to see increased donations.
Please note that I have, not once, brought up anything about Barrack's associations. I've done this purposely, as, although his associations may show some lack in judgement, that is not where I have a problem with him.
As independent Business people, we will be directly effected by Obama's policies. I can't afford him.
Comments? And I mean comments on Obama's fiscal plan. Please don't go on about other talking points. Tell me about his spending plan and specifically how he can pay for it without taxing the middle class. I haven't had ANYBODY tell me that on any forums I have posted on.
Please explain this to me.
We on this forum, who have taken our financial futures into our own hands, and try to better our situation by working for ourselves, should be alarmed by Obama's plan to "spread the wealth". That worries me, a lot. I work hard for my money, and Obama wants to give it to others that may not be as motivated as me to get ahead. With Obama's plan, those who choose not to work are being rewarded, with my money,(and yours). We don't need more taxes, we need more tax payers.
I remember Carter's presidency. That guy will go down in history as one of our worst presidents of all time. (Yea, he builds a good house, and all that, but he should have stuck with carpentry, or peanuts). But as bad as Carter's record was, with double digit interest rates and 13% unemployment, I think Obama will give him a run for his money for the worst president crown.
You don't think raising taxes on corporate America won't trickle down and effect you? Obama is going to raise the Capital Gains tax, the Estate tax, etc...
When you take away the incentive the $250,000 earners have for maintaining their businesses (Profits), why should they keep their businesses open? Would you work your ass off, only to have the government take away the money you earned so they can redistribute the wealth.
And, when we increase the corporate taxes on big business, you don't think they will pass these taxes on to us? Most of you talk about big business being able to get out of paying taxes, anyway, what do you think is going to happen when they are slapped with the excessive tax burden Obama is proposing? They are going to raise their prices, passing this increased tax burden on to us.
Obama wants to make all people equal. But the truth is, we aren't all equal. We are equal in opportunity, but we are not all equal in talent or motivation. Some of us went the extra mile and trained ourselves to be able to do the things that will put money in our pockets. Some of us got off our dead asses and worked hard to make a better income. Other, less motivated people could have done that, too, but haven't.
When these business owners close up shop, because all incentive has been taken away for them to be in business in the first place, this will put many middle-class Americans out of work (these are the guys employing the average American).
These evil rich people are going to cut back, and not take that vacation this year...not buy that new luxury automobile...not buy that new home... All these things will effect the people working in the Vacation industry, the Car & Housing industry. These people will probably lose their jobs because there won't be the discretionary cash available to make these purchases (less demand means less of these worker are needed).
Obama says that 95% of the American people will not see a tax increase. With his new spending plans, where is he going to get the funds to pay for all of that? How's he going to pay for 47 million new citizens having government supplied health insurance? And he claims that, if you are paying for health insurance, now, it will cost you $2,500 less a year than what your paying now. The figures don't add up.
Since Obama came into office, there have been 94 tax Bills to come before congress. Obama voted all 94 times to increase taxes. But, you say, he won't increase the middle-class' taxes...He promised...you have to be making $250+ before you will see a tax increase...FACT: In those 94 Bills that Obama voted to raise taxes, was one Bill that he voted YES to increasing the taxes of those earning $42,000. That's Middle-Class earnings all day long. Way far from the $250,000 he promises is his threshold.
When talking the other day to that Plumber, the Plumber asked: "Your new tax plan is going to tax me more, isn't it?" Complaining that he was being taxed "more and more for fulfilling the American dream".
Obama answered (on camera): "It's not that I want to punish your success. I just want to make sure that everybody who is behind you, that they've got a chance for success, too. My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody...I think when you spread the wealth around, it's good for everybody."
Not everyone behind me WANTS the chance for success. The motivation to succeed is taken away by Obama's plan. "I can sit on my ass and get paid the money you earned, so what incentive do I have to work hard to achieve my dream? I'll just steal YOUR dream." It works the other way, too. "Why should I work hard to make good money when it will just be taken away from me, anyway?"
Can anyone tell me how Obama's plan will work, fiscally? It will bankrupt this country.
I am a Reagan Conservative. When Reagan came into office, he slashed taxes and we came out of the Carter recession in record time. By lowering taxes the government actually increased revenues. We had 8 years of the best peace-time economy in our history. Lowering taxes stimulates the economy.
Joe Biden says pay the higher taxes, it's patriotic. Bite the bullet, it's your duty...
Obama wants to help the whole world with our money, giving billions in aid to other countries that hate us. Side Note: Obama encourages American Citizens to donate money to help causes world-wide. The funny thing is, Barrack & Michelle are in that upper income Barrack is talking about taxing (Michelle, alone, has been paid over $300,000 a year as a consultant for a number of years.) Yet, Barrack has a brother that lives in Africa, in a hut with a dirt floor, and he has NEVER helped his own flesh and blood in his poverty! Obama's tax returns show he donates less than 1/4 of 1% of his income to charity. But he wants us to open our wallets for this. (a case of do as I say, not as I do?) Open your wallet, Barrack, if you want to see increased donations.
Please note that I have, not once, brought up anything about Barrack's associations. I've done this purposely, as, although his associations may show some lack in judgement, that is not where I have a problem with him.
As independent Business people, we will be directly effected by Obama's policies. I can't afford him.
Comments? And I mean comments on Obama's fiscal plan. Please don't go on about other talking points. Tell me about his spending plan and specifically how he can pay for it without taxing the middle class. I haven't had ANYBODY tell me that on any forums I have posted on.
Please explain this to me.
