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Forums - General - Why an Obama Presidency is so important: The poor pay more for Necessities

Well, Obama has said his intention is to help all Americans especially the lower classes, and I don't think unless you want to call the man a liar, then you don't really have any place criticizing him or his plans when all Bush was concerned about was making more money for him and his oil buddies, increasing the coffers of his family friends, and embrolling America in a war it never should have been in especially since there were no wmd's in Iraq.

Furthermore, the man's major mission beginning on 9-11-2001 was to bring Osama Bin Laden to justice and unless Bruce Willis' story in Planet Terror was true, then I'm pretty sure that going on eight years later and now in the post-Bush years Osama is still free somewhere in Afghanistan.



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SamuelRSmith said:
Not subsidising your farmers could lead to bigger problems, if food prices increase too much, then firms will start looking into importing more foodstuffs.

Actually, I say: do it. That will help out European farmers. :)

That's becaues the EU is the most blantant when it comes to rampant protectionism.

If the subsidies went away it would allow third world countries to sell there food more evenly on the open market.  Food prices would decrease.

Subsidizing and Biofuels are two of the biggest reasons food is so expensive.

 



Oh yeah, I know that. That's what I'm saying: stop subsidising American farmers, and continue with European farmers.



txrattlesnake said:

Well, Obama has said his intention is to help all Americans especially the lower classes, and I don't think unless you want to call the man a liar, then you don't really have any place criticizing him or his plans when all Bush was concerned about was making more money for him and his oil buddies, increasing the coffers of his family friends, and embrolling America in a war it never should have been in especially since there were no wmd's in Iraq.

Furthermore, the man's major mission beginning on 9-11-2001 was to bring Osama Bin Laden to justice and unless Bruce Willis' story in Planet Terror was true, then I'm pretty sure that going on eight years later and now in the post-Bush years Osama is still free somewhere in Afghanistan.

I'm not going to defend bush.  I hate bush.  Never voted for Bush and never supported him.

However i am a fan of the truth and not making up stuff for my political wishes.

You can say whatever you want about Bush... but the statistics tell a different story.  Bush screwed up a lot... but under him the rich did not get richer.

Unlike Clinton and Reagan.

 

 



SamuelRSmith said:
Oh yeah, I know that. That's what I'm saying: stop subsidising American farmers, and continue with European farmers.

So your actually for holding down poor countries on purpose.  Based on previous political beliefs I wouldn't of thought that to be so.

I thought you were one of the people decrying protectionism back when Obama was trying to use it in the big bailout.

It was simply because it didn't benefit you personally?



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Kasz216 said:
Avinash_Tyagi said:
coolestguyever said:
I understand that the poor can't afford to pay a lot but that doesn't mean we should exploit the rich. With all the programs in place for poor people there is becoming less and less incentive to work hard and become rich, you know your going to be taxed through the ass and get no special treatment.

Also another thing to note: Who is it that's donating large amounts of money to charity? Is it the poor guy who is barely getting by?? No its the rich guy with lots of disposable income. Not only are we being taxed, but the more generous rich people also donate to charity like my father.

 

The rich donate for the tax breaks, no other reason, how do I know that, because the only way that the data would be collected on who donates is if people file it in their taxes, if it was done anon, there would be no data on who gave money to charity.

 

We should tax the rich more, and their cap gains as well

I don't think you understand how tax breaks work when you give money to charity.

Please give a detailed description of how you believe it works.

Edit: ah screw it.  Here is how it works.

 

Say I'm rich and I donate 1,000 dollars to charity.  Now I don't need to pay 350 dollars to the government.

Say I'm rich and I donate all my money except 1 dollar to charity.  Now I need to pay 35 cents to the government I get to keep 65 cents.

No matter how much money you donate to charity your tax rate does not change.

Well until soon anyway.  Obama wants to make it that if a rich person donates all their money to charity they'll still owe the government money.

 

 Actually under most caps you can deduct up to 20-30% off of your income tax, considering you make a donation that large, this can in fact reduce your taxable income thereby making you pay less in taxes



 

Predictions:Sales of Wii Fit will surpass the combined sales of the Grand Theft Auto franchiseLifetime sales of Wii will surpass the combined sales of the entire Playstation family of consoles by 12/31/2015 Wii hardware sales will surpass the total hardware sales of the PS2 by 12/31/2010 Wii will have 50% marketshare or more by the end of 2008 (I was wrong!!  It was a little over 48% only)Wii will surpass 45 Million in lifetime sales by the end of 2008 (I was wrong!!  Nintendo Financials showed it fell slightly short of 45 million shipped by end of 2008)Wii will surpass 80 Million in lifetime sales by the end of 2009 (I was wrong!! Wii didn't even get to 70 Million)

When the "poor" are going to be able to get a 2.5% "Cost of living" raise at the end of a year and the actual cost of living increases by 12.5% how do they benefit from it? Being that inflation is the ultimate regressive tax, how is running up unprecedented deficits by monetizing the debt associated with it going to help out the "poor"?



Avinash_Tyagi said:
Kasz216 said:
Avinash_Tyagi said:
coolestguyever said:
I understand that the poor can't afford to pay a lot but that doesn't mean we should exploit the rich. With all the programs in place for poor people there is becoming less and less incentive to work hard and become rich, you know your going to be taxed through the ass and get no special treatment.

Also another thing to note: Who is it that's donating large amounts of money to charity? Is it the poor guy who is barely getting by?? No its the rich guy with lots of disposable income. Not only are we being taxed, but the more generous rich people also donate to charity like my father.

 

The rich donate for the tax breaks, no other reason, how do I know that, because the only way that the data would be collected on who donates is if people file it in their taxes, if it was done anon, there would be no data on who gave money to charity.

 

We should tax the rich more, and their cap gains as well

I don't think you understand how tax breaks work when you give money to charity.

Please give a detailed description of how you believe it works.

Edit: ah screw it.  Here is how it works.

 

Say I'm rich and I donate 1,000 dollars to charity.  Now I don't need to pay 350 dollars to the government.

Say I'm rich and I donate all my money except 1 dollar to charity.  Now I need to pay 35 cents to the government I get to keep 65 cents.

No matter how much money you donate to charity your tax rate does not change.

Well until soon anyway.  Obama wants to make it that if a rich person donates all their money to charity they'll still owe the government money.

 

 Actually under most caps you can deduct up to 20-30% off of your income tax, considering you make a donation that large, this can in fact reduce your taxable income thereby making you pay less in taxes

But that's not how it works... it doesn't save you money.  Donating to charity will ALWAYS cost you money.

If taxable income is  over– But not over– The tax is:
$0 $7,825 10% of the amount over $0
$7,825 $31,850 $782.50 plus 15% of the amount over 7,825
$31,850 $77,100 $4,386.25 plus 25% of the amount over 31,850
$77,100 $160,850 $15,698.75 plus 28% of the amount over 77,100
$160,850 $349,700

$39,148.75 plus 33% of the amount over 160,850

$349,700 no limit $101,469.25 plus 35% of the amount over 349,700


HS - Some people don't get it.

I'd really like to know why txrattlesnake is complaining, given the fact his profile says he is from the United Kingdom.

Hey TX, here's a suggestion:

Rather than pine about how the Obama presidency is so critical to the poor, why don't you spend more of that time talking to volunteer organizations and...You know...Actually help the poor?

Avinash - If that's the case - that giving reduces your tax burden - isn't that a good thing? Rather than give money to the government, which give the money to the poor, your skipping the middleman and directly contributing to the plight of the poor?



Back from the dead, I'm afraid.

I see some people here are not very familiar with our economic policy or the circumstances surrounding the value of the dollar.

Hope you guys love inflation as much as you love Obama because that's what we're getting.



Happy Squrriel and MrStickBall get it.



The rEVOLution is not being televised