« Is anyone else bothered by the fact that our economy is based on imaginary wealth?
Do you think there is a difference between taxing wealth and taxing income? »

Why are Republicans only okay with wealth redistribution when it goes in their favor?

discombobulated asked:


I mean any time the tax rates are adjusted be they up or down it’s redistributing the wealth. So why is only okay to lower taxes but never to raise them ? Is it not socialism to lower taxes as well ? I mean by lowering taxes you are in essence letting that tax bracket have more wealth.

Caffeinated Content

This entry was posted on Monday, March 30th, 2009 at 1:08 am and is filed under Elections. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

7 Responses to “Why are Republicans only okay with wealth redistribution when it goes in their favor?”

  1. Website content

    zing!

  2. Kansieo.com

    Nice spin, but you fail.

  3. Sleeping Gypsy on April 2nd, 2009 at 3:48 pm

    Create a video blog

    greed.

  4. Caffeinated Content - Members-Only Content for WordPress

    Bingo! Can’t wait for the spin on this one.
    To answer your question. Greed.

  5. Kansieo.com

    A corollary to this question is, how can Democrats justify giving tax “refunds” to the huge number of lower income people who do not pay taxes? Something like 38% of the households in the US do not pay any federal income taxes. And what is a fair percentage for taxation? Statistics show that the vast majority of the world thinks that any taxation over 50% is excessive. Here in California, if you make $90,000 and you get a raise, you will pay 28% or 31% federal taxes, 9% or 10% state taxes, Social Security, Medicare taxes, and then the remainder of the raise will be taxed at 8% when you spend it for sales tax. We are already at 50%.

  6. Website content

    Your spin doesn’t work. How is keeping a little bit more of the money I earned redistribution? Now the raising of my taxes so one can take the money I earned to give to someone who didn’t earn anything, that is redistribution. You make absolutely no sense.

  7. Caffeinated Content

    good point , thats similar to what robert reich said on the daily show. its socialism for the wealthy and nationalized profits but capitalism for the poor. i figured out that although they accuse dems of tax and spend, they dont mind spending as long as it doesnt help poor people. even before the bailout bush doubled our deficit and no outrage by the gop. they also forget history we passed tax laws in 1916 because of the robber barons and eisenhower in 57 didnt support tax cuts for the rich . the rate then was 91% on 400k. what they dont mention is that many of our corporations pay no tax because they tool the system

Leave a Reply