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Forums - Politics Discussion - Romney doesn't care about 47% of americans

If there wasn't billions of dollars spent on interest from accumulated debt, there were few tax loopholes, the government didn't bail-out or subsidize corporations, social spending was kept to a minimum (mostly focused on low-cost high results services), the military budget was kept to a reasonable size, taxes were low, regulations were focused and streamlined, and corruption was (practically) eliminated how many of these people would need a handout from the government?

As the government grows it needs dramatically higher taxes to support itself ...

At 10% of GDP the tax rate needs to be 11.1%
At 20% of GDP the tax rate needs to be 25%
At 30% of GDP the tax rate needs to be 42.9%
At 40% of GDP the tax rate needs to be 66.6%
At 50% of GDP the tax rate needs to be 100%

The difference between the GDP represented by government and the tax rate you need to charge to sustain it reflects the net drag on the economy.



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Soundwave said:

The fact is though conceptually the idea that taxing "freeloaders" who are earning maybe 30-40k a year at best is going to fix the debt is asinine.

The only way you're going to pay down the debt is if mega-wealthy individuals and corporations start paying their fair share of tax.

Everyone wants to close loopholes, but they get lobbied out of doing so. It's a nice line for elections that amounts to jack all.


The upside down welfare state. 

When there's safety net for the poorest and most vulnerable, it's called "hand outs" and the people are called "lazy" and "freeloaders".

When welfare goes to the richest folks, it's called "tax breaks" and they're said to be "investing in the economy" and "enabling job votes" amongst all the "trickle down" rhetoric.



Kasz216 said:
TruckOSaurus said:

So everyone in Canada is receiving welfare?

Yes.  Look up the definition of Welfare... and you'll notice universal healthcare fits the bill.

Or, at least those who take out more then they put in anyway.

Just looked it up to see if I had the wrong impression of what welfare was. To me someone "on welfare" was someone who didn't work and received financial aid.

The definition I found for "on welfare" was "Receiving regular assistance from the government or private agencies because of need." so I don't think all Canadians would fall under this since healthy people don't receive regular assistance for the universal healthcare system.



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Soundwave said:


Cut what exactly?

The "cut spending" rhetoric is equally bankrupt IMO. A welfare program or programs that help out low income single moms (for example) is not what's causing the bleeding in the first place. The funding for these programs is a drop in the bucket.

The military, social security, and medicare are the big three. No politician has the balls to serious cut any of those, and really maybe they shouldn't.


They should definitely cut the military.  And definitely not cut social security and medicare - in fact, expand those!



This did crack me up. What's next in this campaign?



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Does anyone know who has the most campaign contributions so far? Cause that's the one who normally wins. They get to out spend the other guy in marketing themselves. Back in 2008 the Obama campaign team won the Marketer of the Year Award being way out in the lead ahead of Apple even.

http://www.adsavvy.org/obama-wins-ad-ages-marketer-of-the-year/

To me from the other side of the pond it looks like Obama is once winning in the 'sales and marketing department' and I wouldn't be surprised if the majority of the 'big' business community still favour him. Corporations need a nanny state to look after them, give them money when they fail, give them money for taking part in risky R&D ventures and hope the local and federal Government spends loads of money on infrastructure projects that they can tender for.

http://www.bloomberg.com/news/2012-09-17/wall-street-walks-as-defense-tech-back-obama-s-campaign.html



TruckOSaurus said:
Kasz216 said:
TruckOSaurus said:

So everyone in Canada is receiving welfare?

Yes.  Look up the definition of Welfare... and you'll notice universal healthcare fits the bill.

Or, at least those who take out more then they put in anyway.

Just looked it up to see if I had the wrong impression of what welfare was. To me someone "on welfare" was someone who didn't work and received financial aid.

The definition I found for "on welfare" was "Receiving regular assistance from the government or private agencies because of need." so I don't think all Canadians would fall under this since healthy people don't receive regular assistance for the universal healthcare system.

http://www.merriam-webster.com/dictionary/welfare

a : aid in the form of money or necessities for those in need  (Universal Healthcare certaintly is that, no?)
b : an agency or program through which such aid is distributed
financial or other assistance to an individual or family from a city, state, or national government: Thousands of jobless people in this city would starve if it weren't for welfare.
4.
( initial capital letter  ) Informal . a governmental agency that provides funds and aid to people in need, especially those unable to work.
I'd say Universal Healthcare counts as either of those as well.


I would say you're taking in welfare if you get financial aid.



Please ignore this...



he just cares about his rich elitist freinds. Can't stand monopoly man, and hope he loses the election.