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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Paul Smith who wrote (25187)	8/27/2012 2:32:54 PM
From: gamesmistress	Read Replies (1) \| Respond to of 85487

"We've had it backward for the last 30 years. Rich businesspeople like me don't create jobs. Rather they are a consequence of an eco-systemic feedback loop animated by middle-class consumers, and when they thrive, businesses grow and hire, and owners profit. That's why taxing the rich to pay for investments that benefit all is a great deal for both the middle class and the rich." How will "investments" help the middle-class consumers? If the successful business owner kept more of his money, he could use it to expand his business and hire more employees and pay them so they'd have more money to spend. This guy wants to tax the "rich" (which he uses as a synonym for business owner) so that the government can "invest to benefit all". Sounds like redistribution - hey, the government's giving me a check for $250! - or the government will use the money to hire more government employees which of course will result in higher taxes to pay for them. He also has a philosophical objection to lower tax rate on capital gains, while failing to acknowledge all the deductions that frequently lower the tax rate for ordinary people: "The extraordinary differential between a 15% tax rate on capital gains, dividends, and carried interest for capitalists, and the 35% top marginal rate on work for ordinary Americans is a privilege that is hard to justify without just a touch of deification." In his view, "it is a small step from "job creator" to "The Creator". Oooookay.

To: Paul Smith who wrote (25187)	8/27/2012 3:10:06 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 85487

"I'm not sure I understood what he was trying to say" Pretty much what koan and bent and I say... Businesses can't succeed without demand. Tax cuts for the rich don't create demand. Middle-class consumers are the job creators. We need to invest in our economy, and the only way to do that is by taxing the rich. “So here’s an idea worth spreading,” says Hanauer. “In a capitalist economy, the true job creators are consumers, the middle class. And taxing the rich to make investments that grow the middle class is the single smartest thing we can do for the middle class, the poor and the rich.”

To: Paul Smith who wrote (25187)	8/27/2012 4:13:18 PM
From: Brian Sullivan	1 Recommendation Respond to of 85487

Poll: Obama, Romney in dead heat nationally By Jonathan Easley - 08/27/12 07:54 AM ET http://thehill.com/blogs/ballot-box/polls/245529-poll-obama-romney-in-dead-heat-nationally The race for the White House could scarcely be closer as Republicans gather in Tampa, Fla., on Monday to officially nominate Mitt Romney as their candidate. Romney edges President Obama 47 percent to 46 among registered voters, according to a Washington Post-ABC News poll released on Monday, well within the poll’s 4 percentage point margin of error. The same poll from early July showed the candidates deadlocked at 47. The Real Clear Politics average of polls is just as close, now showing Obama with a 47-46 lead. Republicans have talked about the importance of “telling Mitt Romney’s story” while reintroducing the candidate at the Republican National Convention this week, and the poll indicates this will be critical — President Obama has a huge lead over Romney in likability, 61 percent to 27. The social issues that have sidetracked the GOP message in recent weeks also play into Obama’s hands, as he has double-digit leads on social and women’s issues. But despite the recent focus on those matters, a majority of voters still say the economy is the No. 1 issue, and here Romney holds a 7-point advantage. Romney is also the clear leader on who would do a better job reducing the deficit. President Obama has a positive approval rating in the poll, at 50 positive and 46 negative, which is where former President George W. Bush was at this time in 2004. For Romney, tapping Rep. Paul Ryan (R-Wis.) as his running mate has helped him close the enthusiasm gap on the president. Obama once led by 25 percentage points on enthusiasm and held a 13-point advantage as recently as July. That lead has been cut to 48-42, according to the poll. The survey of 1,002 adults was conducted on Aug. 25.