Quote:
Originally Posted by gleem
and the other problem is we have a president trying to follow financial advisors like Buffett who owes over $1billion in back taxes at the same time he's saying he's not taxed enough (just write a check for $1billion warren if that's the case) and then his " Chairman of the Council on Jobs and Competitiveness" Jeffrey Immelt of GE paid zero corp taxes last year, and is in the process of moving GE operations oversees piece by piece.
The emperor truly has no clothes, Bush was a disaster, Obama is simply throwing some more nails in the coffin.
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I do agree that Obama clearly doesn't have all the answers and he's definitely making mistakes.
We have to realize that there are short term issues and long term issues, and we have to address them separately. Any ideas to create jobs short term get attacked because they don't fix the long term problem, and any idea to fix things long term are attacked because they don't create jobs right now.
One of the short term fixes is raising taxes on the rich. They have enjoyed historically low taxes for over a decade, even during the longest two wars in American history which is TOTALLY unprecedented for a country to lower taxes several times during war. So asking for an extra 1% or 2% is not all that much. Take that money and use it for infrastructure projects.
Taxes are raised and lowered based on needs all the time, so this is not that crazy of an idea. When we had a budget surplus, we lowered taxes, so taxes will come down when the country gets back on it's feet.
But that's the problem, when people bring up the tax debate, it opens up all this debate about food stamps and currency rigging and all sorts of things. We have to take it one thing at a time. Some short term, and some long term.
So my short term solution would be to raise taxes 2% on those making over 1$ million dollars and use that money for immediate infrastructure projects to get people back to work. Construction projects are great because they employ such a wide range of people, from unskilled laborers all the way up to engineers and scientists.