flip-flop wrote:
From Wiki: Kennedy called his domestic program the "New Frontier". It ambitiously promised federal funding for education, medical care for the elderly, and government intervention to halt the recession. Kennedy also promised an end to racial discrimination. In 1963, he proposed a tax reform which included income tax cuts, but this was not passed by Congress until 1964, after his death. Few of Kennedy's major programs passed Congress during his lifetime, although, under his successor Johnson, Congress did vote them through in 1964–65.
Was he a socialist too?
No flip, JFK was not a socialist. JFK was an advocate of cutting all taxes. He saw this country was still in the grips of The New Deal (the largest expansion of gvt in our history), and realized that in order to really grow the economy and revenue to the government, we had to lower taxes.
Obama wants to raise taxes. That is unquestionable. He says he will lower taxes on 95%. Well, 40 - 50% of those don't pay any taxes at all. How can you LOWER something that isn't there? Isn't that wellfare?
He will also raise corporate taxes - which will do nothing other than raise prices, lead to layoffs, and encourage domestic companies to move overseas.
Dividends and Cap gains taxes will also be increased substantially under Obama. Obama will also raise the death tax.
So maybe Obama's right...As long as you don't invest in the markets, sell your house, die and pass your money to the kids, buy anything at Target, Best Buy, Sears, go on vacation, buy a car, sell a car, buy or sell commmodities, buy something at Gap, at Express, at Macy's, work at Gap, Macy's, Sears...well then, your taxes might not go up. In fact, you will probably get a check from somebody who has done better than you in life. No thanks! I think Obama is underestimating the common dignity that most Americans have running through them. Most of us don't want handouts (and, with my household income, I will probably get a cut on my income tax from Obama, at the expense of those who do better than me - no thanks! - although, now that Biden says that the threshold is actually $150,000, not 200 or 250, well, that is geeting very close to me.
Listen, I'm all for paying my share. However, goverment isn't set up to pay the trillions in new spending that Obama is proposing. Taxes are paid to pay for essentials - infrastructure (roads, bridges, tunnels, etc)...law enforcement, national security, etc). Isn't overtaxation the reason this country was founded?
And, I haven't even mentioned the $800 BILLION Obama will ship to the UN as part of the Global Poverty Act. Do we remember the fraud that was Oil for Food? We trust the UN to do the right thing with OUR $800 billion?
What about New Orleans? How about Detroit? Maybe Galveston? The levees in the midwest need updating. I'm sure we have some bridges that could use some work.
BTW Flip, I hear there's a great breakdown of Obama's tax proposals over on
www.noodlesalad1.blogspot.com
One last quote from JFK -
Lower rates of taxation will stimulate economic activity and so raise the levels of personal and corporate income as to yield within a few years an increased – not a reduced – flow of revenues to the federal government." - John F. Kennedy, January 1963
He did not want to do the things you mentioned through taxation. He advocated lowering taxes to increase revenues to the government, which hisrtory tells us, has always been successful.
