The dems are so confident of an Obama victory that they're not even being coy. Barney Frank, the Massachusetts liberal who heads the house financial services committee, said explicitly that the rich would be punished through higher taxes that will pay for more government programs. It's interesting that the dems always whine about the deficit under Bush but apparently have no problem with the deficit if it's used for their programs. There is no doubt that democrats, with Obama as president, will punish wealth and success.
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Barney Frank is already working on a "Frank-Footer Bill" enabling blatantly gay liberal politicians to have their "cake" and eat it too right on the House floor.
jjc1122 - I'm glad you keep reminding all WSOers that you hate obama via more and more "lower taxes now" posts; well done
But here's one certainty: fact- overarching, broad generalizations about deeply visceral and intricate issues make you look stupid. Very, very stupid. Not quite sure what the point of this topic is (these sentiments you have could be and have been divulged on other political topics on this board), but if it's to convince me that you have a defensible, smart argument, it didn't come through. Maybe you could elaborate a bit.
my point is about your inability to analyse and interpret the data - preferring only to rattle off talking points that others have packaged up for you in bite-sized chunks.
You have missed my point about Fannie & Freddie. They did nothing to stymie the bubble but they are not the reason for it. The two reasons for the bubble were greed and unrealistic pricing of risk.
"Regarding Obama's tax plan, it is class warfare and redistribution of wealth, plain and simple." - that is what all tax programs are, McCain's included. Your numbers are factually incorrect, which further suggests that you haven't bothered to actually read and interpret the plans presented yourself. If you're going to take somebody else's word for it, rather than working it out for yourself, then you might as well go to people that are considered experts in the field. http://www.economist.com/world/unitedstates/displaystory.cfm?story_id=1…
Perhaps you would like to share with the forum your economic credentials?
"So for people in NYC making more than 250K" Less than 5% of NYC has household income over $200k, never mind $250k. On top of that, NYC is massively wealthy compared to the rest of the country. Just because you might be one of the privileged few (or like Joe the Plumber, aspire to it whether it is achieveable or not) that might be negatively impacted does not make it true for the economy as a whole. The biggest risk to increasing taxes on the super high earners is a brain drain. So Mr Bigshot, when are you moving to Monaco?
Go vote for McCain. It's your right to choose. Just don't pretend that you're doing it for the good of the whole when your motivation is self-interest.
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