The spending and tax proposals of the Gang of 6
Comments
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Cool The Kid said:
"Electability and validity (logic) of ideas are two very different things."What does this mean, and how does it fit in the context of the discussion?
broadly speaking? (AND I AM HAPPY TO EXPAND ON THIS IDEA - I DIDN'T GET IT FROM NANCY PELOSI)
I frequently express how I feel about an idea. Whether I think it would address the problem or issue. Whether I think something is good policy.
Frequently WN does not respond on the merits of the policy, but on whether it would be a palatable to the 'american public', or congressmen, or whatever his broad-appeal-dujour is.
I'll use a hypothetical example:
The Iraq War was a miserable mistake. But in 2003, could a political group have convinced the country NOT to go to war? That Saddam DIDN'T perpetrate 9/11?
Probably not.
So if I say, "the iraq war is a mistake and we shouldn't go to war", WN would likely respond with, "yeah, but that's a leftwing position, centrists won't vote for that".
See the disconnect?
It's talking past each other.
Obviously something as obviously terrible as the Iraq War is an extreme example, but I'm using it to highlight my idea.
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Boygabriel said:
So validity of ideas is pointless?All that matters is electability?
I usually refer the people asking such age-old questions to philosophical concepts such as these:
http://en.wikipedia.org/wiki/Epistemology
Pro-tip: The concepts are often best enjoyed while consuming good wine or good weed. Others find Yoga and Tai Chi to come in handy...
...now, let's return to the "Spending and Tax Proposals of the Gang of 6 in light of the Debt Ceiling".
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CTK and Tate-
Do you have any predictions?
whynot_31 said:
Predictions:
If the Tea Party is able to claim the credit for enacting budget cuts that the majority of the public likes, they will gain more seats.If the Tea Party is blamed for cuts that are unpopular, they will lose seats.
If the Tea Party is blamed for a government default, they will lose seats.
Macro prediction:
I think the Tea Party will gain seats in 2012Does anyone think that any substantial tax increases will come about as a result of the Debt Crisis? ...does anyone think those tax increases will result in a party losing (or gaining) seats in 2012?
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whynot_31 said:
I usually refer the people asking such age-old questions to philosophical concepts such as these:That's what I thought. You're not interested in the ideas, you're interested in who can win the political game.
It's no wonder whenever I post all you see is "Democrat" "Democrat" "Democrat":
...now, let's return to the "Spending and Tax Proposals of the Gang of 6 in light of the Debt Ceiling".
Pro tip:
Spare me the ad hominem knocks, labels and simplifications and I will gladly discuss the issue at hand any time you want.
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I get what you're saying, but from what I have been reading this is not thematic to the bulk of WN's posts... or even relevant really to much of the discussion on this page.
Boygabriel said:
Give me a fucking break. You're not this lazy. I know you're not.And I will happily discuss how I view the Republican party as pretty homogenous, especially w/r/t to the Tea Party. Should I start a separate post?
You say the rich are not being taxed enough. I say "by what metric? here are some facts/reports that state otherwise". You say '???? this is just how I feel'
I'm not making this up... you regarding the estate tax:
Well, on the more simple side of things, the current rate is just too low. I guess that's just a personal preference.
Estate tax rates are very similar to income tax rates. I foolishly assumed you were speaking factually on your suggestions (i.e. the 200M estate would be taxed at pretty much 35%, which is way more than 15%). Currently the estate tax is 35% over 5 million, and a pretty standard progressive curve on what they call "tentative tax" which I'm not sure is. In any case, your suggestions of a 15% tax rate above $50 million I think it was would be LOWER than what ACTUALLY IS.
I asked you to explain why you thought this:
No. Not beyond want they need. But I want taxes to go up exponentially when you start getting into the top 5% or 1% of wealth.
I also want extremely high taxes when this wealth is being transferred to another person.
And why you think the idea that the US problems being fixable without tax hikes is a "philosophical disagreement". Unless you think tax rates (for just one segment of the population) ARE the problem, to which I ask for the hundredth time, why?
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Cool The Kid said:
I get what you're saying, but from what I have been reading this is not thematic to the bulk of WN's posts... or even relevant really to much of the discussion on this page.When you and he say things like, "you're a partisan Democrat", that is precisely what you guys are doing. He is preoccupied with identifying people who are too far left or right.
I am preoccupied with actual ideas.
You say the rich are not being taxed enough. I say "by what metric? here are some facts/reports that state otherwise". You say '???? this is just how I feel'
I'm not making this up... you regarding the estate tax:
Well, on the more simple side of things, the current rate is just too low. I guess that's just a personal preference.
But you didn't call me out on estate taxes. You took that ONE COMMENT and tried to apply to EVERYTHING I POST.
It was a really pathetic move and I suspect you're aware of it.
Estate tax rates are the same as income tax rates. I foolishly assumed you were speaking factually on your suggestions. Currently the estate tax is 35% over 5 million, and a pretty standard progressive curve on what they call "tentative tax" which I'm not sure is. In any case, your suggestions of a 15% tax rate above $50 million I think it was would be LOWER than what ACTUALLY IS.
I asked you to explain why you thought this:
No. Not beyond want they need. But I want taxes to go up exponentially when you start getting into the top 5% or 1% of wealth.
I also want extremely high taxes when this wealth is being transferred to another person.
And why you think the idea that the US problems being fixable without tax hikes is a "philosophical disagreement". Unless you think tax rates (for just one segment of the population) ARE the problem, to which I ask for the hundredth time, why?
Why do I think the rich aren't taxed enough? Have I really not addressed that question?
You need to stop confusing ideas you don't agree with and ideas that are invalid.
Look - you know more about specific tax rates than I do, no question about it.Does that make my views invalid? NOPE
Do I educate myself when tax legislation changes, and what governing policies we choose?
YUP
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whynot_31 said:
Let me guess:-Those who identify with being on the left think that there aren't enough tax increases and there are too many cuts to entitlement programs. They think defense should be cut more.
-Those on the right think there are too many tax increases and not enough cuts to entitlement programs. They think defense should be cut less.
...And then they wonder why people are willing to give the Tea Party a serious look.
C'mon Tea Party! Hold yourself together long enough to force these people to get something done, before you self destruct!
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And that, friends, is precisely an example of labeling the spectrum and deciding what is politically viable, not discussing actual opinion on taxes or cuts.
Thank you WN.
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I haven't been consistently arguing on behalf of the Go6 proposals?
You are the first to tell me I have no opinions, only predictions.
I think I may have opinions on policy that you just don't like.
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The bolded should not be the case if you "feel" that tax rates are not high enough.Boygabriel said:
Why do I think the rich aren't taxed enough? Have I really not addressed that question?You need to stop confusing ideas you don't agree with and ideas that are invalid.
Look - you know more about specific tax rates than I do, no question about it.Does that make my views invalid? NOPE
Do I educate myself when tax legislation changes, and what governing policies we choose?
YUP
You "felt" like estate taxes were too low, because you thought they were ~15%. Meanwhile in reality they are actually 35%, which is easy info to find.
You "feel" taxes on the rich are not enough, yet you admit that you know less about what actual tax rates are than other people in the discussion who suggest otherwise.
You don't see the fundamental problem in formulating viewpoints on things without actually knowing what the things are? You don't see how that could undermine your credibility in discussions about said things?
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You three should go get beers.
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BG wrote: You don't see the fundamental problem in formulating viewpoints on things without actually knowing what the things are? You don't see how that could undermine your credibility in discussions about said things?
We haven't even touched upon the concepts of individual liberties and property "rights". Needless to say, the right holds these concepts to be dear and should take precedence over everything else.
The left, however, always seems to feel things like health care, housing and social services are "rights" and that they should take precedence over everything else.
Can't we all just get along?
...are the proposals of Go6 that bad?
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I see the Tea Party as being inherently dangerous to a number of issues, most specifically social issues. I think their fascination with items such as The Marriage Vow and DOMA has the power to hurt a lot of people. I also believe the intent to make family planning inaccessible to people below a certain poverty line and attacks on Planned Parenthoood and other title X recipients to be extremely offensive and worrying.
Whynot, they may have brought to light the debt issues the country is facing, but they also convinced a number of people it would be a fine idea to default. (Not the politians themselves I think, but they convinced an impressive number of constituents.) Their ability to convince large swaths of people to believe harmful ideas makes me think they will retain and gain more seats in the coming election. Regardless of how many cuts go through it will not be enough to satisfy the Tea Party. Their rhetoric will say that if there were more TP-ers in politics next time the rest of the Republicans wouldn't cave and they would get their way.
I also think of the large, looming presence of Evangelical Christians in this country. The very social issues that keep me up at night worrying are the same ones this group and the Tea Partiers both push.
You may want to use the Tea Party to bring awareness, but I am loath to give them any headway or respect.
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Tate-
I share your loathing of the social policies of the Tea Party, and agree with you that they are likely against raising the debt ceiling for all of the "wrong reasons"....but I am also frustrated that the other two parties have done nothing about this country's increasing debt for so long.
So ---while I would never send the Tea Party a check, or be seen with a "Don't Tread on Me" flag--- I will pass some time on a dying message board writing things like, "you republicans and democrats need to pay attention to what the Tea Party is saying, and stop focusing on why they are saying it. The Tea Party is not going to go away."
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WhyFi said:
You three should go get beers.I've offered, BG declined.
tateinbk, I agree that socially the right is way off, and at times downright frightening. But the left comes with caveats too... mainly costly "feel good" programs.
But back to BG. Pop quiz:
Since 1980, the net federal income tax rate on the bottom 50% has
a. Stayed level
b. Decreased by 50%
c. Increased by 70%The answer is somewhere in here:
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WhyFi said:
You three should go get beers.mmmm. beer.
So far we haven't had anyone state that they think the US will default.
If someone says this soon (before the political climate changes) and they are correct, we should each (ctk, whynot, tate) buy them a beer.
If someone says this and is wrong, they should have to buy 3 beers and give them to us.
At this point, I'm not sure BG should get a free beer or have to buy any beer, because he is sitting on the fence. I think he should have to take a stand if he wants to be in our redistribution of wealth. ...but he is welcome to join us.
...we have to be fair.
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Cool The Kid said:
The bolded should not be the case if you "feel" that tax rates are not high enough.You "felt" like estate taxes were too low, because you thought they were ~15%. Meanwhile in reality they are actually 35%, which is easy info to find.
You "feel" taxes on the rich are not enough, yet you admit that you know less about what actual tax rates are than other people in the discussion who suggest otherwise.
You don't see the fundamental problem in formulating viewpoints on things without actually knowing what the things are? You don't see how that could undermine your credibility in discussions about said things?
You're arguing that because I couldn't recall the specific number, I must clearly have not read anything on the subject.
Even more absurd is that you're STILL trying to take this point and somehow undermine my entire "credibility".
I'm not sure where my credibility even matters. I make arguments. Give my logic. Usually cite sources. You are free to agree or disagree. But once again, you are caught up with how I appear, not whether you agree or disagree.
If you can't see why it's not a constructive pattern to establish, let me know.
And now, back to debating actual topics...
CTK:
In the past decade, the estate tax has risen or fallen? What were the justifications?
Compared to the past 100 years, where do current income taxes on the rate? How about w/r/t the upper brackets?
What were the promises made for the Bush Tax cuts, and justify their continued existence.
Comment on the explosion of financial services wealth, and how it complicates fair taxation and commerce that actually contributes to society.
(these are all things we've discussed already - I gave you a list 20 items long about how one could value contributions to society besides income tax, I will make a separate post out of any one you choose.)
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Oh, and I"m definitely down to get beers. I dont' recall CTK's invite.
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tateinbk said:
I see the Tea Party as being inherently dangerous to a number of issues, most specifically social issues. I think their fascination with items such as The Marriage Vow and DOMA has the power to hurt a lot of people. I also believe the intent to make family planning inaccessible to people below a certain poverty line and attacks on Planned Parenthoood and other title X recipients to be extremely offensive and worrying.Whynot, they may have brought to light the debt issues the country is facing, but they also convinced a number of people it would be a fine idea to default. (Not the politians themselves I think, but they convinced an impressive number of constituents.) Their ability to convince large swaths of people to believe harmful ideas makes me think they will retain and gain more seats in the coming election. Regardless of how many cuts go through it will not be enough to satisfy the Tea Party. Their rhetoric will say that if there were more TP-ers in politics next time the rest of the Republicans wouldn't cave and they would get their way.
I also think of the large, looming presence of Evangelical Christians in this country. The very social issues that keep me up at night worrying are the same ones this group and the Tea Partiers both push.
You may want to use the Tea Party to bring awareness, but I am loath to give them any headway or respect.
They were also THE driving force behind opposing Obama's attempts to reform health care.
Socialism. Death panels. Keep the govt off my medicare. Etc.
Our inability to reform health care literally costs lives every year, not to even take into account how many people are bankrupted or have their lives ruined.
Their pathological hatred of the gov is standing in the way of health care progress.
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Oh, and w/r/t to an earlier comment about the Tea Party in 2012, I think their net gain in seats will be marginal.
They might pick up a few, but there will also be many cases of Sharron Angles keeping people like Harry Reid, who would have otherwise lost, in office.
I would also like to start a post in which we discuss how precisely I am supposed to distinguish between Tea Partiers and the Republican Party of the last 30 years.
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I hope the two parties could resolve it quickly
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Answer to the question:
Bottom 50%'s income tax rate dropped by 50% (from ~7% down to about 3.5%). This doesn't count the meteoric growth in entitlement programs over the same period.
Over the same period, upper 50%'s income tax rate dropped from ~17% to 14%.
Capital gains taxes are set to damn near double in the next 2 years. Estate taxes have been dropping but are nowhere near 15%. I am at a loss as to the fairness of the gov't's double dipping... take a $10 million dollar inheritance for example. Even if all of it was made through the cheapest tax method (capital gains), the gov't is still levying a net 45% tax when it's all said and done. Not to mention all the taxes they will collect on capital gains from investments. Wouldn't take long for the gov't to get 100% of that initial $10 million dollars.
But that's not the problem, I don't think. It's the fact that even despite all the road blocks people are able to accumulate billions of dollars to begin with. BG what do you think should be the max amount of $$$ an individual should be able to accumulate over a lifetime before they have to forfeit the rest to society? I know you have a number in mind. How rich is too rich? At what point do we levy the 100% tax?
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tateinbk said:
Something like the following video makes me think that maybe there are some Republicans who are willing to stand up and say something about the insistence of the Tea Party members to include the balanced budget amendment.McCain (R) is correct, the Tea Party has grossly over estimated its power if it feels that it could get a balanced budget amendment in this legislature.
I'll be impressed if the parties can enact something that creates something that moves us toward balance, be it in the form of substantial spending cuts or substantial tax increases.
so, how about NoBar on Nostrand? I hear they have beer.
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Cool The Kid said:
BG what do you think should be the max amount of $$$ an individual should be able to accumulate over a lifetime before they have to forfeit the rest to society? I know you have a number in mind. How rich is too rich? At what point do we levy the 100% tax?I wouldn't know, I don't have specific numbers in mind, remember?
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whynot_31 said:
I'll be impressed if the parties can enact something that creates something that moves us toward balance, be it in the form of substantial spending cuts or substantial tax increases.
health care reform would be an awesome place to start.
so, how about NoBar on Nostrand? I hear they have beer.
works for me. haven't been yet & want to go.
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Boygabriel said:
I wouldn't know, I don't have specific numbers in mind, remember?No, see, you don't have specific numbers in mind when it comes to what things actually are (i.e. tax rates)
But you have very specific ideas of where we "need" to make taxes much more extreme (the top 5% bracket). You don't have any reasoning as to why beyond the "fact" that you feel the rich don't contribute enough. So to me it seems you just think some people are too rich and must forfeit what they make, regardless of how it's made. So what do you think would make for a good income cap? $100K a year? $200K? How much wealth should one be able to accumulate before it's too much? A million dollars? Thats a whole lotta money. Too much money for one person to keep to themselves.
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While cutting health care expenses would be awesome, I do not feel it would be ethical to take 1 trillion dollars solely from the health care budget under the guise of "reform".
We should cut a variety of things, and tax a variety of things.
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Boehner is on the verge of winning the Pelosi Prize in inept House leadership. He hasn't quite figured out that the Tea Partyers don't care if the economy crashes and burns as long as their idée fixe reigns. It's better to cobble together a deal with House Democrats and the Senate than to be bound to irrational forces in American society.
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Cool The Kid said:
No, see, you don't have specific numbers in mind when it comes to what things actually are (i.e. tax rates)But you have very specific ideas of where we "need" to make taxes much more extreme (the top 5% bracket). You don't have any reasoning as to why beyond the "fact" that you feel the rich don't contribute enough. So to me it seems you just think some people are too rich and must forfeit what they make, regardless of how it's made. So what do you think would make for a good income cap? $100K a year? $200K? How much wealth should one be able to accumulate before it's too much? A million dollars? Thats a whole lotta money. Too much money for one person to keep to themselves.
Yeah, I'm not that interested in your condescension and mockery.
Thanks though.
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