Berkeley CSUA MOTD:Entry 38101
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2025/05/24 [General] UID:1000 Activity:popular
5/24    

2005/6/13-15 [Reference/Tax] UID:38101 Activity:kinda low
6/13    Not that I agree with all Krugman said, but this commentary
        explains why dynasties fell:
        http://www.nytimes.com/2005/06/10/opinion/10krugman.html?8hpib
        \_ Like I said, Reagan's super tax break for the super wealthy
           (60% tax for the richest before Reagan) really contributed to the
           wealth gap.
        \_ Not exactly related, but is anyone else concerned that whomever
           takes over in 2008, R or D, is going to have to raise taxes a LOT
           in order to get us out of this huge hole we are digging for
           ourselves?  One way or another it's going to have to happen,
           whether through "regressive" or "progressive" means.
           \_ Like the "by 2040 we won't be able to afford anything but debt
              financing" hole.  Yeah.  If people don't wake the fuck up, this
              country's going to be in pain.
           \_ Of course I am concerned. Can you imagine your tax bill
              going up, say, 10%? That's a lot of cash you suddenly won't
              have. The ultra-rich and the poor won't care, but it is
              really going to screw the people in the $75-200K brackets.
              \_ On a national level, yes things are screwed.  On a personal
                 level, save more, and learn to live on < 80% of your
                 income, but I guess everyone knows that but only some
                 do it.
                 \_ When taxes have to be raised, you'll bet your ass it's
                    a personal issue.  Tax cuts + huge spending increases
                    are a tax on future generations.
                    \_ STARVE THE BEAST!%@@666!#
            \_ Yeah, I am kind of worried that taxes on my 401k are going
               to be huge when I try and withdraw them. I don't really
               know what to do about it though. Start an offshore account?
               \_ they are thinking about doing a Roth 401K.
2025/05/24 [General] UID:1000 Activity:popular
5/24    

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Cache (208 bytes)
www.nytimes.com/2005/06/10/opinion/10krugman.html?8hpib
Help OP-ED COLUMNIST Losing Our Country By PAUL KRUGMAN Published: June 10, 2005 Almost every one of the administration's domestic policies seems intended to accelerate our march back to the robber baron era.