Comments on: Obama’s “Fair” Tax Plan

By: RightwingHippyChickt

RightwingHippyChickt — Wed, 20 Aug 2008 14:28:37 +0000

Great, maybe we can palm Gordon Brown off on 0bama, since 0bama appears to want to implement his system, which incidentally does of course not work in the UK, punishes married people and make it good business for a wife to divorce and claim single mom credits (15 hrs work a week == income equivalent of £30k after handouts are applied, nice work if you can claim it…). It produces thousands of jobs for pen pushers, and when people get overpaid for years and suddenly have to pay it all back, things really go pear shaped, as this can run into ten of thousands of pounds. You can’t even claim bankruptcy or walk away, this is money you’ll have to repay no matter what, so, years of real poverty is on the cards for some of those people, and all because they claimed welfare and the government messed their claim up.

Fun fun fun. (NOT)

Ps.: For extra points, figure out how we in the UK will wean off millions people of the longest dole queue in the world after ZanuLabour get’s kicked out and we need to balance the books again. Most of the UK subjects are claimants… it will be interesting and that is an understatement.

By: JustADude

JustADude — Wed, 20 Aug 2008 13:27:03 +0000

Investors Business Daily has up an excellent editorial on how Obama is planning to implement almost the same stuff his father tried in Kenya.

Well worth the read.

By: JustADude

JustADude — Wed, 20 Aug 2008 13:23:10 +0000

It isn’t just about the taxation increase off the top.

The rest of the plan puts in place a bunch of individual ‘refundable’ credits at the bottom end and basically sets up the environment where instead of a ‘minimum wage’ there will be a ‘minimum annual income’.

So no matter how well or poorly you do at the bottom end he will be pushing you to have an income above what you earned during the year and if you didn’t reach the ‘target’ income level they IRS would end up sending you the difference.

By: MataHarley

MataHarley — Wed, 20 Aug 2008 03:10:49 +0000

Again DeadWeight brings his light weight commentary to places where he is the one proven “clueless”. Obviously, had he seen the McCain portion of the Political Forum, he would have remembered the McCain said “… and I’m sure that will be distorted…” shortly thereafter making his joke which was obvious for it’s placement, delivery and timing.

At least obvious to those who watched. Of which DeadWeight has proven he did not.

Then again, perhaps he was bored to sleep by Obama’s long winded non-answers….

By: Fit fit

Fit fit — Wed, 20 Aug 2008 02:45:01 +0000

The REAL problem is that the Republicans have been spending like Democrats. Fix that, and we won’t need to raise taxes.

“Tax and Spend” versus “Spend and Borrow”. In my lifetime, Republicans haven’t been the most fiscally responsible party at the national level. Our governor here in SC is one of the few true Republican budget hawks that I know of.

By: DW 5000

DW 5000 — Wed, 20 Aug 2008 02:03:23 +0000

McCain joked that 5 million was his standard which basically means he will not raise taxes on the rich NOR the poor.

A joke? So that’s the spin? I guess it beats admitting that McCain was clueless or tone deaf when he answered that question.

By: yonason

yonason — Wed, 20 Aug 2008 01:36:17 +0000

There’s this….
http://www.youtube.com/watch?v=jPvk7Ixiotg

…and there’s this…
http://blogsforvictory.com/2008/02/15/ben-stein-obama-will-be-real-dangerous/

Ben Stein on was on “Kudlow & Company,” yesterday, and gave his views on Barack Obama’s economic plan:

“Mr. Obama could become president and derail everything because his understanding of economics is 100 percent wrong. … I must say I’m so scared about Mr. Obama becoming president. I can hardly tell you.

[…]

[Obama] understands nothing. He wants to shut down the oil companies, take away their profits. Kill every state teacher’s pension fund that’s invested in XOM [Exxon Mobil]. I am terrified of this guy. Either somebody has got to wise him up or he has to wise up himself or he will be real dangerous.”

Bad on the economy. Bad on fighting terror. But hey, at least he can give a good speech, right?

Also, Kudlow explains what the NYSlimes article by Stein is wrong.
http://kudlowsmoneypolitics.blogspot.com/2006/11/taxes-and-ben-stein.html

The REAL problem is that the Republicans have been spending like Democrats. Fix that, and we won’t need to raise taxes.

By: No Runny Eggs » Blog Archive » The Morni…er, Afternoon Scramble - 8/19/2008

Tue, 19 Aug 2008 22:59:13 +0000

[...] Curt takes a WSJ chainsaw to Obama’s tax plan. [...]

By: Arthurstone

Arthurstone — Tue, 19 Aug 2008 22:51:14 +0000

Yipes. A rare (very rare) moment of clarity from Ben Stein.

Will wonders never cease?

By: Fit fit

Fit fit — Tue, 19 Aug 2008 20:50:35 +0000

I liked this article from Ben Stein. Note he’s not endorsing the Obama tax plan, just providing the kind of straight talk Senator McCain used before he became Candidate McCain.

By: BillC

BillC — Tue, 19 Aug 2008 20:19:00 +0000

Sheeeiit! According to Obama I’m poor!

I guess I should vote for him so I can collect me some of that goobermint cash!

Does that mean I wont have to pay capital gains on my stocks or my houses? Being poor might have it’s privileges.

By: luva the scissors

luva the scissors — Tue, 19 Aug 2008 19:23:41 +0000

huh, doing well families should pay for the lazy bums sitting on welfare? i don’t think so, is he high? what ever happened to working for what you have? i don’t want to work so someone on welfare can afford their smokes and acheap beer. seriously. its an eat what you kill world and i will not share.