Obama wants to end $4B oil industry tax breaks.

[Papa_Complex]

Originally Posted by OneSickPsycho

And taxing them to give it to the poorest people is going to stop that? How?

Hopefully by not having to take away as much from the the middle class, to do so.

[OneSickPsycho]

Originally Posted by Papa_Complex

Hopefully by not having to take away as much from the the middle class, to do so.

For them to do anything significant for the middle class, they'd have to tax the rich out of existence...

Further, the way I see things going... that money will NEVER make it to the middle class, because all it's going to do is fund programs for the poorest folks... again, while us in the middle get fucked.

Consumption tax is the only real viable solution I see... Eliminate federal income taxes completely, and add a federal sales tax on everything except food. That generates revenue without outright stealing from people.

[Papa_Complex]

Originally Posted by OneSickPsycho

For them to do anything significant for the middle class, they'd have to tax the rich out of existence...

Further, the way I see things going... that money will NEVER make it to the middle class, because all it's going to do is fund programs for the poorest folks... again, while us in the middle get fucked.

Consumption tax is the only real viable solution I see... Eliminate federal income taxes completely, and add a federal sales tax on everything except food. That generates revenue without outright stealing from people.

I did say "hopefully"

We aren't just talking about 'the rich' here, but primarily about large corporations that frequently pay anything from piss-all, to no tax at all. If you count the corporate welfare that some of them receive the government might well be paying them, to make massive profits.