You say the root of our deficit fiasco is a republican tenet. Wrong. The root our our problem lies in built in increases in mandatory spending, a democratic principal called baseline budgeting.
By “deficit fiasco” I did not mean the deficit per se, but the difficulty in getting Congress to agree on a way around the stalemate. The Republicans refused any deal that involved any revenue increases. The Democrats offered a deal with a huge amount of cuts—granted, they were not specific about where and what. Even many Republicans thought this was a very reasonable offer.
I’m not trying to make a “Democrats are completely right, Republicans are completely wrong” argument. I’m simply pointing out that by long revered previous standards, the Republicans were throwing a monkey wrench in the works. First, by holding hostage raising the ceiling, which all adminstrations/Congresses, Dem or Repub, have always done in the past essentially automatically. And second, by holding out for a solution involving solely cuts, when again, traditional solutions have involved a mix of cuts and revenue increases.
And most critically, by refusing to compromise. Let’s suppose, Scott, that you and the Republicans you seem to side with are absolutely, totally 100% positive that your position is the correct one. Can you not see that even in that case the name of the game is still compromise? Any idiot can compromise when he or she is not even certain which position is correct. The art of compromise is bringing together two sides who are, or at least will not admit otherwise, totally certain their views are correct. But the Republicans would not compromise under these conditions.
You and the rest of the planet will know when our corrupt "leaders" are serious about fixing what's wrong with our fiscal health when these built-in increases are brought under control. An example: If we were to freeze our Federal spending for FY 2012 (at 2011 levels) the left would demonize the absence of an increase in spending as a "cut". They would immediately scare as many seniors as possible and fall back to the "rich-don't-pay-their-fair-share" mantra. Your side would clamour about a nearly $1 Trillion "cut" to the budget and the CBO would score such a move as an $8+ Trillion "cut" over the next 10 years.
You’re very quick to label anyone who challenges you as part of some other “side”. You really don’t know how I would react to a freeze. Again, I’m simply pointing out that the Republicans repeatedly spurned an offer that involved massive cuts, just because it also involved some revenue increase.
Unlike you, I don't have a problem with Buffett or any or anyone else, as long as their achievements were accomplished corruption free, being wildly successful. Good for them. There was a time in this country where success was celebrated. No longer though, right?
Did I say I had a problem with Buffet? As for celebrating success, what is your definition of success? Accumulation of as much material wealth as possible? My point is that this an outdated notion. The planet can’t afford it any more.
I suspect Buffett will be fine no matter what the tax rate. But tell me, what is fair in your view? I mean, between 0 and 100%, what should Buffett pay?
He already answered that question himself, if you had been paying attention. His point was that passive income should be taxed as high as income from “muscle or brain power”, as he put it approximately.
Additionally, please show me where significant tax increases helps an economy in the condition ours is in?
The problem in discussions like this is that there are many factors involved. One can point to earlier periods when raising or lowering taxes had various effects on the economy (Reagan lowered taxes drastically at first, but then raised them considerably), but how does one separate out all the other factors that contribute to what the economy does?
Beyond that, I could turn the question around and ask, please show me where major cuts help an economy like ours? Cuts mean people have less spending power, which hurts businesses. Buffet made the point that running a huge deficit is in effect a stimulus, he defines stimulus as government paying out more than it takes in. Yet despite this huge stimulus, the economy is still hurting. So how is reducing the stimulus, which is what cuts will do, going to help the economy? If tax rates stay the same, but consumer power decreases, what exactly is going to spur the economy?
And finally, how much income would you hope to raise in new taxes and how much of an impact would your new revenue have on the deficit? Do you even know?
As I’m sure you know, the figures being thrown around were in the range of 3-4/1, cuts/revenue increases.
Are you aware that higher top marginal rates can and do lead to less revenue to the treasury? Or are you just bitter towards the success that some have achieved and your real goal is to punish? I'm not accusing, I'm just asking.
Again, sometimes they do, sometimes they may not. You can’t have a controlled experiment with the economy. You can’t say, if we lower marginal rates to such and such a level, we will increase revenue by this much. We can look at history and find examples where lowering or raising had various effects, but every situation has unique aspects that complicate making conclusions.
Again, though, I’m trying to get to a deeper view of the problem. What does it say about people if they won’t work as hard if their tax rate goes up a little? I can honestly say that my income tax rate could be doubled and it wouldn’t effect in the slightest what I do. I might not be happy with that new rate, but if everyone else were paying it, at least everyone in my income bracket, I could certainly deal with it. And if it helped others bring themselves up to survival level I would welcome it.
I don’t work to make money, beyond what I need for basic survival. Beyond that, I have far more important interests than being able to afford cars or private planes I don’t need, far more living space than I need. Greed blinds one to the joy of simply being alive, to the point where one isn’t even aware of what one is missing. It was said of Thoreau that he could get more out of five minutes with a woodchuck than most men could get out of a night with Venus (or something like that). That is not metaphor. It’s real.
It isn’t all about objects in the environment, it’s about our capacity to interact with them. That capacity is built, very slowly over time, by transcending desire.
I’m a little astonished that you so carelessly equate “success” with accumulation of huge amounts of material wealth. Why should I be bitter? I don’t envy these multi-billionaires. Many of them have very serious psychological problems, and live in this constant paranoid fear that something is going to be taken away from them. Murdoch strikes me as grotesque, willing to do just about anything for a buck. I won’t even get to the really pathological cases like Madoff.
Also, I find it just short of amusing (if it were not so sad) that mercy can only come from government. Somehow republicans (the limited government types) are somehow void of human compassion because someone like me believes the best way to help the unfortunate and infirm does not involve some governmental bureaucracy.
Many, including I, would have had some agreement with this until recently. I lost a lot of respect for Republicans when they in effect caved in to the Tea Party.
This may surprise you but government has a terrible track record when it come to dealing with poverty and those in ill health. Trillions have been spent on this war and guess what? There are more in poverty today as a percentage of the population than before the "war" started. But, let's just gloss over the facts and demonize those who you oppose politically. It's disgusting but not new.
I suggest you read some history. Not history of a few decades ago but a history beginning when white Euros settled this country, through the 19th and early 20th century. You really think government has a terrible track record dealing with poverty? You think conditions haven’t improved for enormous numbers of people during that period? Do you have any idea how bad the average worker’s life was a hundred, a hundred and fifty years ago? The incredibly long hours in incredibly humiliating conditions? How did it come about that workers got a higher wage, shorter hours on the job, medical care, and everything else? You really think private enterprise led the way?
Now granted, it took uprisings by common people to make change. Government was initially just as resistant as private enterprise—mostly because government was controlled by private enterprise. But virtually all the key changes during this period came about through government legislation.
Re-read your post above and then stop wondering why there is no longer civility in political discussions.
???Where did I show a lack of civility? I challenged you on some points. That is not lack of civility.