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Author Topic: Package to Aid Most, Especially Wealthy  (Read 2858 times)

Offline Golden Kitten

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Re: Package to Aid Most, Especially Wealthy
« Reply #15 on: December 08, 2010, 03:41:36 PM »
uchi,

I was given a job by a rich person either... :shrug:


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Offline Que82

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Re: Package to Aid Most, Especially Wealthy
« Reply #16 on: December 08, 2010, 03:48:58 PM »
Well the truth is you get rich in America by hiring as less people as possible , but at the same time getting to the same amount of production as if you had a larger amount of workers.  That is whay is going on in America.  Companies are findinig that they can get the same amount of work with less workers on the payroll.

You are right, also many industrial jobs have more robotics now than ever before which means there is a need for fewer employees.
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Offline y04185

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Re: Package to Aid Most, Especially Wealthy
« Reply #17 on: December 09, 2010, 11:00:45 AM »
Maybe y0185 meant to write 7 hundred billion instead of 7 hundred million.

Tax deal: Rich aren't the only ones who benefit

NEW YORK (CNNMoney.com) -- Sure, the wealthy will make out like bandits in the tax-cut deal, but middle-class and lower-income folks will reap benefits too.

Much of the attention since the deal was announced Monday night has been focused on extending the Bush tax cuts for the rich and minimizing the estate tax.

But other provisions in the $800 billion deal, including the payroll tax holiday and child tax credit, will greatly assist ordinary Americans. And those who are unemployed will benefit from an extension to file for federal jobless benefits through 2011.

http://money.cnn.com/2010/12/08/news/economy/tax_cuts_middle_lower_income/index.htm

It was not immediately clear if Obama's defense of the deal -- as well as Vice President Joe Biden's one-on-one efforts behind closed doors on Capitol Hill -- would sway more liberal Democrats. The overall cost to the U.S. treasury of the controversial compromise will be between $600 billion and $800 billion over two years, according to CNN estimates.

http://articles.cnn.com/2010-12-07/politics/tax.deal_1_tax-cuts-middle-class-tax-deal?_s=PM:POLITICS





you are correct.  make that billion.  darn spell cheque.
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Offline EB

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Re: Package to Aid Most, Especially Wealthy
« Reply #18 on: December 09, 2010, 03:17:04 PM »
By Pat Garofalo on Dec 6th, 2010 at 7:00 pm

Obama Agrees To Extend All Bush Tax Cuts And Cut Estate Tax In Deal With Republicans

The White House just announced that it has settled on the details of the deal it has been cooking up with Congressional Republicans over the coming expiration of the Bush tax cuts. In return for a two-year extension of all the Bush tax cuts — including those for the richest two percent of Americans and those on capital gains and dividends — currently expired unemployment benefits will be extended for 13 months, there will be a two percent reduction in payroll taxes for one year, and both the expanded Earned Income Tax Credit and Child Tax Credit enacted in the 2009 Recovery Act will be retained.

The deal also includes reinstating the currently expired estate tax in a way proposed by Sens. Blanche Lincoln (D-AR) and Jon Kyl (R-AZ) — 35 percent with a $5 million exemption (which means that $5 million can be passed on tax free). President Obama had proposed permanently setting the estate tax at the 2009 level of 45 percent with a $3.5 million exemption. Under current law, the estate tax comes back next year at a 55 percent rate with a $1 million exemption

.....

Offline ‘87 Alum

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Re: Package to Aid Most, Especially Wealthy
« Reply #19 on: December 09, 2010, 03:43:30 PM »
No truer words were so eloquently sang by none other than beautiful, talented, lovely Ms. Billie Holliday...

Them that's got shall get
Them that's not shall lose
So the Bible said and it still is news
Mama may have, Papa may have
But God bless the child
that's got his own
That's got his own

Yes, the strong gets more
While the weak ones fade
Empty pockets don't ever make the grade
Mama may have, Papa may have
But God bless the child
that's got his own
That's got his own

Money, you've got lots of friends
Crowding round the door
When you're gone and spending ends
They don't come no more
Rich relations give
Crust of bread and such
You can help yourself
But don't take too much
Mama may have, Papa may have
But God bless the child
that's got his own
That's got his own

Mama may have, Papa may have
But God bless the child
that's got his own
That's got his own
He just worry 'bout nothin'
Cause he's got his own




Offline EB

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Re: Package to Aid Most, Especially Wealthy
« Reply #20 on: December 09, 2010, 04:48:35 PM »
Well the truth is you get rich in America by hiring as less people as possible , but at the same time getting to the same amount of production as if you had a larger amount of workers.  That is whay is going on in America.  Companies are findinig that they can get the same amount of work with less workers on the payroll.

They have also found through shipping jobs overseas and outsourcing that profits will increase when the workers are paid a lot less.

Offline bigram$

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Re: Package to Aid Most, Especially Wealthy
« Reply #21 on: December 09, 2010, 05:08:57 PM »
Anyone who still believes in trickle down economics is an absolute IDIOT.

It has never worked and it never will as brother Ken said earlier you dont make money by continually hiring folks you make money by doing more or doing the same with less....Have you not noticed everytime stocks drop layoffs come next, they fire the people and the revenue raises...

I wonder if most people really believe the crap they say


And UCHi i thought the goal was to be happy not to be rich ....

Offline EB

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Re: Package to Aid Most, Especially Wealthy
« Reply #22 on: December 11, 2010, 02:56:01 PM »
The fact that this deal was struck with republicans by the White House bothers me the most.

Anyone who still believes in trickle down economics is an absolute IDIOT.

It has never worked and it never will as brother Ken said earlier you dont make money by continually hiring folks you make money by doing more or doing the same with less....Have you not noticed everytime stocks drop layoffs come next, they fire the people and the revenue raises...

I wonder if most people really believe the crap they say


And UCHi i thought the goal was to be happy not to be rich ....

This is the truth.  Trickle down economic policy has a track record.  It is not good for the average man and woman.

 

 

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