[pest]

Originally Posted by Noctis

C) Way to not even address the issue at hand, which would be that tax cuts are also going to the lower classes. The biggest consumers are the middle class, and they've had one tax cut already with another one coming. And as far as all the complaints about the rich getting tax cuts... Number one, who do you think puts up the money for new companies and ideas to be realized? Who gives loans or invests in small businesses that need some help? And for God's sake, why is it fair for them to lose nearly half their money to taxes when you only lose 20%? The media talks all these big numbers that make it seem way unfair, but the people in the highest tax bracket in the US still pay more than double what we do percentage-wise in taxes, and probably pay more in taxes each year than you'll make in your lifetime. So stop being ignorant and come off that. As I've said, the stability of the stock market both has to do with the backlash from reckless expenditures from the Clinton Administration catching up, and most importantly the worst act of terrorism this country has seen.

Wow, worst case of Rush inspired Republican party rhetoric I have seen in a bit. And fairly ignorant in spots too.

Where to start....lets see..

Sure, the rich do much of the investing, but retirement plans, 401k and other related investments are now mostly funded thru employee plans, meaning the middle class. And even when its the rich investing directly instead of thru the markets, they get tax breaks. THATS why they invest in this sector, trust me, its not out of philantropic tendencies. Nice attempt to deflect the truth there. And income on investments is taxed at a fixed cap gains percentage, lower than the "upper classes" base rate.

Lose half their money to taxes???? This is the worst statement you have made. The highest tax bracket is nowhere near 50%, its closer to 35%. And its not half their money, its half there taxable income. So someone can never lose the principle to taxes. No riches to rags scenario there, unless the riches are plain dumb. You also conveniently left out the part about progressive taxation. The rich are taxed for their first 100,000 income exactly the same rate as the guy that only makes 100k. They are taxed at higher rates on only the amounts over that particular bracket. Good attempt to deflect the real issues and good use of very exagerated numbers.

Now to address the accusations that everyone but you is ignorant. Economics is ALL theory. And there are lots of theories out there. Just because someone doenst subscribe to the same one as some random bellhop, doesnt mean they are ignorant, especially when the theories are mixed with politics. The excessive use of name calling in your threads takes away from any credibility you may or may not have.