Berkeley CSUA MOTD:Entry 27255
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2025/04/04 [General] UID:1000 Activity:popular
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2003/1/31 [Politics/Domestic/California, Reference/Tax] UID:27255 Activity:insanely high
1/31    http://www.nytimes.com/2003/01/31/business/31SAVE.html
        What kind of bullshit is Bush trying to pull?  What a shameless
        tactic.  Tax now to make up for the huge deficit, and to hell
        with the future.  Keep borrowing tax money from the future.
        I thought only drug addicts do these kind of things.
        \_ Guess what - Social Security will be broke in 10 years
           regardless.  The return on the money you pay into Social
           Security will be negative - and yet you want to pay more?
           If you're so fucking gungho about it - PAY EXTRA, in fact
           pay my share.  And yes, drug addicts do make comments
           like yours.
           \_ It's not about the level of taxation.  It's about
              borrowing future tax revenues to spend today.  Get a clue.
              Scrap social security for all I care.  This Roth IRA
              thing is a dangerous game to play.  It's good for me
              personally in the short run, but it is bad for the nation.
              The government is sacrificing a future revenue stream for
              a one shot infusion of tax money.
                \_ And we all know what happens to money from the
                   'revenue streams' the government sacrifices right?
                   The money magically disappears and is never seen
                   or heard from again (a dark cave in the middle in Libya).
                   As if the current IRS code does not encourage tax
                   evasion.
                   \_ You think the government will cut spending when
                      the tax revenue disappears?  Nah, they will just
                      increase your taxes then.  Remember  "Read my
                      lips. No new taxes"?  Thus you are taxed twice.
              \_ Obviously you've never run a business or any other sort of
                 revenue in/outflow oriented .org.  Borrowing from the future
                 to fund things today the way life works.  Do you think
                 to fund things toady is the way life works.  Do you think
                 businesses are stupid for taking out business loans?  Do you
                 think the government should run a perfectly balanced zero debt
                 budget in good times and bad?  Would you like to see a 20%
                 cut in services if tax revenues drop 20% one year?  Or would
                 your 'answer' be to simply raise taxes 20%?  Take some intro
                 macro economics courses (just one will do) and join us after.
                 Until then, you're merely confused and a bit cute.  Are you
        \_this may be true when running a profitable business, but
          then we get in a discussion of whether the government should
          be run like a corporation.  after you fill my head with tales
          of efficiency and how Bush has packed his cabinet with highly
          successful businessmen, then I whip out how recent news stories
          are filled with the collapse of supposedly highly successful
          corporations.
                 available?  I could use another young naive pliable lover.
                 \_ Yea sure, the government is like an efficient business.
                    Get a grip.  You think they will just cut spending in the
                    future?  Nah, they will just increase your taxes to
                    make up for the lost revenues.  Remember "Read my lips,
                    no new taxes"?  Besides, borrowing too much is bad even
                    for businesses.  Do you really need me to list examples
                    of mightily leveraged companies falling flat on their
                    faces?  This is not just a little borrowing.  It's
                    potentially a huge amount of money.  Your important segment
                    of 80k and above earners are going to dump or redirect a
                    big chunk of their savings or 401k contributions to these
                    schemes.  Do the math.  Also, if you want to stimulate the
                    economy, cut taxes so people spend more or invest more,
                    don't borrow future taxes so government can waste more.
                    No, the government should not run a "perfectly balanced
                    zero debt budget", it should run a budget that's in the
                    black with some margin.  Finally, stop trying to act
        \_ Boy, NY Times bias is showing:
           "The change, which would primarily benefit the affluent who can
           afford to save more of their income"
           (or maybe they need to explain to the readers who can't think for
           themselves)
           \_ So stating the obvious is bias?
              \_ Slanting it to refer to "the affluent" is.  Hey, I can save
                 more than you can, I'm affluent!
                    tough.  You are just a spring chicken.
                    \_ Why does the trickle down myth persist?
                       \_ So rich people don't feel guilty.
                    \_ The 'huge' amount of money is actually very tiny
                       compared to the whole budget.  I've got a grip.  You go
                       do some math.  I have no idea what your noise about
                       "acting tough" and "spring chickens" is about.  Anyway,
                       an intro macro class wouldn't kill you.
2025/04/04 [General] UID:1000 Activity:popular
4/4     

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Cache (1127 bytes)
www.nytimes.com/2003/01/31/business/31SAVE.html -> query.nytimes.com/gst/abstract.html?res=F50913FE3C5C0C728FDDA80894DB404482
TREASTER and MARY WILLIAMS WALSH (NYT) 1137 words Late Edition - Final , Section A , Page 1 , Column 1 ABSTRACT - Bush administration is working on major shift in retirement savings plans that would allow most Americans to increase greatly the amount of money they could put away in tax-free accounts for retirement and other purposes; To read the complete article, simply click on one of the BUY NOW buttons below. You can buy this single article or, for even greater value, you can purchase this article as part of a multi-pack. You'll then have the opportunity to buy additional articles now or in the future at significant savings! Article Archive: 1996-Present multi-packs are not valid for use with Article Archive: 1851-1995 multi-packs and vice versa. You can then debit from your multi-pack and quickly access articles from the archive at your convenience over the lifetime of the multi-pack. Please Note: Article Archive 1996-Present multi-packs are not valid for use with Article Archive: 1851-1995 multi-packs and vice versa. Once you purchase an article, you may view it as often as you like over the next 90 days.