Group: rec.arts.theatre.musicals
From: Ray S
Date: Friday, February 15, 2008 8:56 AM
Subject: Re: OT: War to Blame for Recession?

Mikey wrote:
> "Ray S" wrote in message
> news:$@...
>> Mikey wrote:
>>> "Steve Newport" wrote in message
>>> news:17165-47B1E8AF-493@storefull-3152.bay....
>>>
>>> From: mail@ (Ray S)
>>> Since the unemployment numbers have changed little, and we know people
>>> did not all get massive pay cuts, then its clear that their real cash
>>> flow is the same as it was before, they just feel less wealthy.
>>> Obviously there are about a bazillion little factors all feeding in. The
>>> endlessly rising energy slice that is mostly a non-optional cost
>>> ------------------------------------------
>>> With no end in sight. But getting back to the original post, it's nice
>>> to hear Dem candidates already selling "The Iraq war: we just can't
>>> afford it."
>>>
>>> Yet Hillary Clinton voted for the war and, though she claims she will
>>> start bringing troops home within 60 days after she is in office, she
>>> does not specify HOW MANY troops. 60? 600? 5,000? 2? I seriously doubt
>>> she is stupid enough to bring them all home. If she does, Al-Qaeda will
>>> take over the country and make it their new terrorist homefront--and it
>>> will be her fault. And she knows it. So, though she says she will bring
>>> troops home 60 days after she enters the office, remember this is a
>>> CLINTON we are dealing with here. Honesty is not something these folks
>>> take too seriously. Double-speak? They EXCEL at that!
>> Hence the true difference between conservatives and moderates. Moderates
>> seem unable to avoid the trap of having an 'open mind', to receive and
>> process and alter their decisions and plans based in new information.
>>
>>
>>
>>> But what else will President Hillary do? Her ads talk about closing tax
>>> loopholes for big corporations, so expect the corporations to respond by
>>> raising prices on their products (including gas) and freezing hiring.
>>> Thus inflation and an increase in unemployment.
>> Yes, by all means, keep the majority of the tax burden on the middle
>> class. They will respond by buying less which will cause deflation, a
>> freeze in hiring.......
>>
>>
>
> What are you talking about???
> According to the CBO
> The Top 5% of taxpayers pay 50% of all taxes

It helps that you ignore that the top 5% have 90% of the wealth. It
helps that you ignore tax burden as a percentage of income.

> And according to the Tax Foundation Study of 2007:
> Overall, we find that America's lowest-earning one-fifth of households
> received roughly $ in government spending for each dollar of taxes paid
> in 2004. Households with middle-incomes received $ per tax dollar, and
> America's highest-earning households received $. Government spending
> targeted at the lowest-earning 60 percent of . households is larger than
> what they paid in federal, state and local taxes. In 2004, between $
> trillion and $ trillion was redistributed downward from the two highest
> income quintiles to the three lowest income quintiles through government
> taxes and spending policy.
>
> So not only is the "majority of the tax burden" NOT on the middle class, but
> the majority of the US Government spending is on the middle/lower class. So
> those paying the highest taxes are getting the least bang for their buck in
> terms of return from the government.
>
>

Your point is what? That is you don't make a lot of money that you
should not have your garbage picked up, your roads plowed, your roads
paved, your schools open, you streets policed, your fires put out?