Comments on: Taxes should rise for most Americans

By: jizoshula

jizoshula — Mon, 27 Sep 2010 15:07:27 +0000

Gregg, the median household income for the US in 2008 was $52,029, which is too far off from $68,000 to say they’re roughly the same.

By: redrider140

redrider140 — Fri, 30 Jul 2010 15:04:19 +0000

For years now the middle class has cut back on buying and saving more.Now the rich are beginning to do the same.taxing the rich and middle class even more will make for even more saving and no spending. If everyone just saves their money how will money be put back into the system? By more bailouts? People do not have confidence in our governement. Why would the american people want to give even more of their hard earned money to a governing body that is out of control with spending? I associate government with the blob.. the more it eats the more it grows.

There needs to be a bill called the CLEAN UP GOVERNMENT ACT that cuts the pay of all politicians to the standards of average american people.

All congress needs to have their retirement reduced to the level of an average 401k.Their medical care needs to be to the level of an average american. Lets see how good retirement and health care would be then.

By: pesheff

pesheff — Fri, 30 Jul 2010 12:28:47 +0000

“Taxes are relatively low in the U.S….” Author, you have no clue! For the amount of services provided and the lifestyle propagate in the U.S. taxes are onerous! Can you compare SS benefits or 401Ks with the european pensions and benefits? SO your solution is to raise taxes to EU levels, but WITHOUT the services people get there?!! This is purely insane, especially on top of what got the US into this place-fiscal easing and FED running wild with Keynesian pseudo-science!

By: PetePeterson

PetePeterson — Fri, 30 Jul 2010 04:04:20 +0000

“Adjusting to today’s dollars, the United States has incurred more debt in the last decade than during the entire combined previous 211 years of the republic’s existence.”

Step one in reducing this mega-debt is to STOP selling bonds (printing $). China will continue to punch our pawn ticket as long as we keep renewing it.

Step two; a federal hiring freeze. More government jobs isn’t more jobs created nationally, it only digs the hole deeper. And the first rule of holes is “when you find you’re in one; stop digging.”

Step three; take Ireland as an example and institute a federal pay cut. In Ireland all government jobs take at least a 15% cut with their austerity measures. Excepting our armed forces (who are already supporting families with food stamps) all other US government employees should be able to deal with a 10% cut in pay. They already earn some 60%+ better than comparable jobs in the private sector.

Step four; take Russia’s example and sell off some national assets. Russia is only selling enough to retain controlling interest. There is plenty in this country which could be privatized.

Step five; put the US Congress on Social Security like Joe SixPack and watch the retirement program become quietly solvent. The practice of get-elected-once-get-paid-for-life is no longer sustainable; not to mention that our elected officials are NOT royalty.

By: jmjjmj1

jmjjmj1 — Thu, 29 Jul 2010 23:07:36 +0000

Obama, how does he have anything to do with Haywards parachute??? It is a british oil company, I am sure company’s of other countries give a rats behind what Obama thinks about their pay practices. Government cannot stop the pay packages what they can do is require moral hazard clawbacks which would entail escrow until say a decade passes after said CEO is out before they can tap into the fund. Of course their is not a business or business leader who would ever think that the corporate veil of protection should cost something!

By: Alias123

Alias123 — Thu, 29 Jul 2010 21:57:19 +0000

Yea ….raise MY taxes….a $35000 a year income citizen while the CEO of BP….the biggest oil spill in AMERICAN HISTORY GETS A MULTIMILLION PAYOUT!!!????!?!? FUCK YOU OBAMA….DO SOMETHING ABOUT THE CORRUPTION

By: Byron5

Byron5 — Thu, 29 Jul 2010 20:43:54 +0000

the other option (since our taxes are already approaching half when you consider state taxes, local taxes, property taxes, sales taxes.. etc)
is for government to reduce spending.
Much of the debt has been for arguably frivolous stuff.

By: abkisa

abkisa — Thu, 29 Jul 2010 20:23:01 +0000

I would have thought by now that my fellow Americans would have gotten over their great “tax fear”! Low taxes are far more beneficial to those who earn the most; just look at the increasing concentration of wealth in the U.S. The idea that low taxes encourage investment in businesses that produce things and thus spread wealth through job creation unfortunately died about 25 years ago. Greed always enters the picture and current tax law does nothing to prevent it. Businesses and individuals keep more and more of the spoils for themselves while looking for new ways to increase their return by investing in vehicles that create no value for anyone else.

By: the_sconnie

the_sconnie — Thu, 29 Jul 2010 20:04:51 +0000

We shouldn’t even have an income tax. The vast majority of our forefathers believed an income tax was unconstitutional. It wasn’t until 1913 with the passage of the 16th amendment that income taxes were levied at all (Yes, I’m aware of the Revenue Act of 1861 which imposed a tax of 3% on top income earners to help pay for the Civil War). The Amendment was NOT ratified by 3/4 of the States in the Union, so it shouldn’t even be considered law. Actually, if you go out there and try to find the law that requires you to pay an income tax, you won’t find it…. it does not exist.

By: harmonyaudio

harmonyaudio — Thu, 29 Jul 2010 19:52:28 +0000

I would not give these idiots a penny more than they steal now. Just look at what they do with the money– are you that crazy to think if you give them more, they will be responsible with it? Perhaps you have forgotten this Country was created when we were overtaxed by a tyrannical Monarch? More taxes? I don’t think so.