Mermaid Man and Barnacle Boy!!

>> ^Winstonfield_Pennypacker:

Clinton was nothing a serviceable – but barnacle-covered – rudder. He didn’t screw up what was already going well. [...] Bush1 was the guy that raised the taxes.

It looks like you just said Clinton's presidency was a success because Bush raised taxes and Clinton reaped the benefits. But obviously there are no benefits to raising taxes, so that couldn't have been what you meant.

I agree about simplifying the tax code. The system is overcomplicated and it leads to tax fraud and/or loopholes. It would be a boon to revenues in itself if millionaires actually paid the 35% rate they're supposed to.

It is really easy to fall into the trap of believe the philosophy of trickle down economics, but as Warren says the facts have never born this out.

Every time taxes are cut, it results in an increase in tax revenues because it increases personal wealth, which creates more tax payers, and establishes an environment that gives the private sector confidence. Carter’s 70% top marginal tax rates and leftist liberal policies brought the nation to fiscal collapse. Buffett has it 100% backwards. Taxes cut. Tax revenues up. It works every time. That’s why even OBAMA didn’t want to end the Bush tax cuts – because he himself admitted it would hurt the economy in December 2010. Neolibs like to ignore that particular bit of Obama rhetoric - but I do not forget such things...

Buffet believes that there should be two or three more levels to the tax code and that capital gains taxes should be graduated to appropriately tax the super rich who make money with money.

The problem is not that there isn’t a bigger tax category at the top. We’ve had a rate as high as 94% back in 1944. It was 70% under Carter. The problem is a labyrinthine tax code that people can game by moving money & assets around. We just need to simplify the code to eliminate the exemptions for businesses and the ‘money’ rich. There’s no need for a new, higher top marginal tax rate. The ‘rich’ already pay the bulk of our taxes.

Like him or not, Clinton's economic policies navigated our country to tremendous economic prosperity.

No. Clinton was nothing a serviceable – but barnacle-covered – rudder. He didn’t screw up what was already going well. That isn’t great praise, but it still makes him a better CiC than Bush2 or Obama. Bush1 was the guy that raised the taxes. Clinton merely coasted along on the dot-com bubble. Oh, and also the Republican “Contact with America” was forced down Clinton’s throat. And he had a few impeachable offenses that prevented him from pushing more spending. The GOP cut spending, which created an environment friendly for the business community to create prosperity. You can thank fiscal conservatives for the 90s and early 00s – not Clinton.

Sometimes doing the right thing means doing something unpleasant.

Yes – cutting big-government social spending in favor of small-government freedom-oriented systems is seen as unpleasant, but it is the right thing to do.

Dude, nobody in this thread is advocating a tax rate of 80% … Why is a moderate increase on tax rates paramount to pure socialism and gov't control on the economy?

I wryly notice that the actual QUESTION I posed remains stubbornly ignored. What would happen IF (!IF!) the tax rate at the top went to 70% ala Carter? Or 94% ala Roosevelt? Would the problems be solved? I think even the most dyed-in-the-wool neolib knows deep down in their reluctant-to-admit souls that high top marginal tax rates do not solve anything. Even a 100% tax rate does not come within 16.9 trillion (heh) miles of the real problem. Every thin dime of the new taxes would just vanish into a black hole, and the debt/deficit would not be touched except in name. We have precedence for this conclusion.

Tax hikes take place immediately, but the spending cuts are always pushed 10 years into the future where they disappear. Our tax rates are already high enough. Our corporate tax rate is one of the highest in the world. The issue is the huge amount of SPENDING taking place.

I hope this simple explanation helps all the neolibs out… Our current debt is 16.9 trillion dollars.

1. A simple federal budget freeze on spending to current 2011 levels would cut our debt by 10 trillion in 10 years.
2. Increasing the top marginal tax rate to 100% would cut the debt by 2 trillion in 10 years

Simple freeze? 10 trillion. A ridiculous 100% tax rate? Only 2 trillion. Where does that tell you the real problem lies? Fussing with tax rates at the top is nothing but rearranging deck chairs on the Titanic. The iceberg is spending.

I thought British politics were full of vile, repulsive, intellectually bankrupt old trolls, baby boomers clinging on to life like a barnacle. Then I moved to Australia. Wow.

Blistering barnacles this better be good!

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I already knew that. Marine biology in high school. Barnacles are stuck to the rocks so they have long prehensile penises that can go off exploring for other barnacles.

>> ^Opus_Moderandi:
>> ^Drachen_Jager:
He's wrong about Tapirs. They may have the largest penis/body size ratio of any MAMMAL but barnicles have them beat hands down for ANIMALS.
"Barnacles have the largest penis to body size ratio of the animal kingdom" - Wikipedia

Why would you investigate that?

>> ^Drachen_Jager:
He's wrong about Tapirs. They may have the largest penis/body size ratio of any MAMMAL but barnicles have them beat hands down for ANIMALS.
"Barnacles have the largest penis to body size ratio of the animal kingdom" - Wikipedia


Why would you investigate that?

He's wrong about Tapirs. They may have the largest penis/body size ratio of any MAMMAL but barnicles have them beat hands down for ANIMALS.

"Barnacles have the largest penis to body size ratio of the animal kingdom" - Wikipedia

those barnacles put all u men to shame.

upvote for barnacle orgies!

That's one way to clean the barnacles off!

'Time to put off the world and go somewhere
And find my health again in the sea air,'
Beggar to beggar cried, being frenzy-struck,
'And make my soul before my pate is bare.-

'And get a comfortable wife and house
To rid me of the devil in my shoes,'
Beggar to beggar cried, being frenzy-struck,
'And the worse devil that is between my thighs.'

And though I'd marry with a comely lass,
She need not be too comely - let it pass,'
Beggar to beggar cried, being frenzy-struck,
'But there's a devil in a looking-glass.'

'Nor should she be too rich, because the rich
Are driven by wealth as beggars by the itch,'
Beggar to beggar cried, being frenzy-struck,
'And cannot have a humorous happy speech.'

'And there I'll grow respected at my ease,
And hear amid the garden's nightly peace.'
*Beggar to beggar cried, being frenzy-struck,
'The wind-blown clamour of the barnacle-geese.' (Yeats)

I can't seem to dislodge this barnacle from the hull.....

> He can still be tried for warcrimes and hopefully
> for them, barnacle or not.

Would like to see Robert Di Nero try him, Cape Fear houseboat style.