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We have tried 8 years of tax cuts for the wealthy and it has only screwed up our economy

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NNN0LHI Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 09:05 AM
Original message
We have tried 8 years of tax cuts for the wealthy and it has only screwed up our economy
Is that why McCain wants to make them permanent?

Don
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onehandle Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 09:06 AM
Response to Original message
1. We are not the true target demographic.
Wait. Do you drive a Bentley?
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PDJane Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 09:09 AM
Response to Original message
2. The whole taxation debate needs to be reframed.
When taxation was first promoted, it was as taxation on assets, not labour. It was meant to fall most heavily on the assets that didn't promote productivity, and a way to preserve the commons.

It is time to go back to that model.
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Selatius Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 09:10 AM
Response to Original message
3. That's why McCain lost. (My prediction, barring a "mass casualty event" on US soil) nt
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high density Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 09:11 AM
Response to Original message
4. Because there are lots of idiots out there
Edited on Tue Jul-15-08 09:11 AM by high density
who think they are or will be rich, and they want the system gamed in their favor for when the time comes.
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jtrockville Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 09:15 AM
Response to Original message
5. The economy is not screwed up for the wealthy. In fact
the wealthy are doing quite nicely.
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NC_Nurse Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 09:19 AM
Response to Original message
6. I find it amusing that he's trying to push a proven FAILURE of policy as
the way to save us. Sure, why not? They have to finish what Bush started, the complete meltdown of our
country...
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El Pinko Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 09:37 AM
Response to Original message
7. Actually, we have tried 27 years of uninterrupted tax cuts for the wealthy.
This started with Reagan. Bush I and Clinton raised rates ever so slightly, but nowhere near where they were before Reagan.

The marginal tax rate on the highest tax bracket in Kennedy's time was over 70%. It's been in the 30s since Reagan.
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Lydia Leftcoast Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 09:40 AM
Response to Reply #7
8. I was going to say that, but you beat me to it
:thumbsup:
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guitar man Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-15-08 10:00 AM
Response to Reply #7
9. exactly
"trickle down" has about run it's course, mission accomplished. x(
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