Quote Originally Posted by Lyle View Post
Quote Originally Posted by Kirkland Laing View Post
Are you seriously questioning my Infallibility? How well does that always work out for you?

I've already shown you at least once why I'm right, using facts and evidence. You know the one time in history when the top 1% of Americans' share of the wealth was this high previously? Just before the 1929 Depression, something we still stand a chance of repeating currently. The median wage in America has stayed effectively static since 1980 and the US consumer, 71% of US GDP, is now tapped out. Both parents in families now work, both work much longer and harder, both have gone into debt over the past few years just to pay the bills, and now the US consumer doesn't have any money anymore. The 1980-2008 redistribution of wealth to the wealthy has to be reversed othersie 71% of US GDP is going stand still and worse. If you're going to reply to what I have Written do so using facts and evidence only.
Kirkland, oh I totally agree, let's raid the accounts of Bill Gates, Warren Buffet, and all those other evil rich people and then hand out money to everyone who haven't earned it and who don't deserve it.

The War on Poverty failed horribly....it tried to redistribute wealth as many Democrat programs have tried before but if those programs had worked then we wouldn't be listening to Barrack or you crying foul right now.

Wealth is not a right, it's a goal plenty of people have, and it's achieveable here in America but it is not a right for everyone to be wealthy.
As usual you swallow every bit of GOP propaganda whole. Obama isn't redistributing wealth, he's changing the marginal income tax rate from 36 to 39%, something McCain agreed with Obama on until he was forced to pander to the dumbass wing of the GOP for their votes. Under Eiserhower the marginal rate was 90% so Eisenhower must have been a socialist, right?


http://uk.youtube.com/watch?v=d8EyGpOU3qM

http://uk.youtube.com/watch?v=X2JPbQ...eature=related

What Obama is doing is reversing the redistribution of wealth that's happened since Reagan, where a huge tax cut for top earners was paid for by raising taxes on low and middle earners, slightly reversed under Clinton but then ramped up again by Chimpy. But a big tax cur for low/middle income earners in now necessary because too much money is being redistributed up to the top 1% and it's screwing up the economy.


Remember a year or so ago you were claiming that raising taxes on high earners would backfire and redistribute wealth and I told you that you'd soon see the biggest redistribution of wealth in history as bankers lined up for a bailout? I should try and find that and see what I Wrote back then.

In the meantime here's the well-known socialist Warren Buffett's take on this. Buffett is supporting Obama in this election too, as is the Communist Bill Gates :


Mr. Buffett compiled a data sheet of the men and women who work in his office. He had each of them make a fraction; the numerator was how much they paid in federal income tax and in payroll taxes for Social Security and Medicare, and the denominator was their taxable income. The people in his office were mostly secretaries and clerks, though not all.
It turned out that Mr. Buffett, with immense income from dividends and capital gains, paid far, far less as a fraction of his income than the secretaries or the clerks or anyone else in his office. Further, in conversation it came up that Mr. Buffett doesn’t use any tax planning at all. He just pays as the Internal Revenue Code requires. “How can this be fair?” he asked of how little he pays relative to his employees. “How can this be right?”
Even though I agreed with him, I warned that whenever someone tried to raise the issue, he or she was accused of fomenting class warfare.
“There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class, that’s making war, and we’re winning.”

In Class Warfare, Guess Which Class Is Winning - New York Times