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Barney Frank: "We Are Trying On Every Front To Increase The Role Of Government in the Regulatory area"

Original post made by jimf01, another community, on Oct 27, 2009

We can count on Rep Barney Frank to be candid, on occasion, about the Democrats plans and strategy:
Web Link

Web Link

this is why a surtax on the very wealthy ought to go forward. This is a way in which we can make up for some of the problems of having to pay for health care. So this kind of extraordinary wealth, if those people were taxed a small percentage, they wouldn't notice.

Tax the rich to pay for health care because they wouldn't notice. I am sure they don't notice now, that top 1%, that they pay in 40% of all the money that the IRS collects.

Comments (6)

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Posted by origipobo
a resident of Another Pleasanton neighborhood
on Oct 27, 2009 at 10:33 pm

jimf01,

considering the top 1% have more wealth than than the bottom 90% of the rest of the country, and considering they were the beneficiaries of over 90% of the 1.8 trillion dollar bush tax cuts, then yeah, i'm sure they won't notice. After all, asking 3 million tax payers to flip the bill for 300 million people's health reform when those 3 million have an overwhelming majority of the nation's wealth concentrated in their hands, then yeah it makes sense to tax the wealth...but you know, basic common sense like taxing the people who actually have the money is the kind of thing that seems to fly over the head of your average GOPer...


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Posted by SteveP
a resident of Parkside
on Oct 28, 2009 at 10:05 am

SteveP is a registered user.

Leave it Barney Frank (the banking queen) to come up with a backdoor plan to fund 'health reform'.
And the class envy that the Dems like to promote is paraded in full view. Pathetic spoiled children.....
Punish the achievers (who happen to the one's providing socialists like 'origipobo' with employment) so that underachievers can have a safety net for their risky behavior.
If you folks are so altrusitic, fund your plans with money from Dem donors.


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Posted by jimf01
a resident of another community
on Oct 28, 2009 at 10:27 am

jimf01 is a registered user.

Flies over the head of many, when the President on down use language like, health care reform is fully paid for, and health reform will not deepen public debt. Someone has to pay for it, and at least Rep Frank is up front about plans to levy new taxes to pay for healthcare.
Those 1% you are talking about aren't sitting in the parlor, surrounded by bars of gold, they are the people making investments with that money, creating jobs.
Stop assaulting Bush, Obama is the President now, or at least get your facts straight when you do --> Web Link
Bush tax cuts were across the board: Among other changes, the lowest income tax rate was lowered from 15% to 10%, the child tax credit went from $500 to $1000, and the "marriage penalty" was reduced.
Oh yeah, they also pulled us out of a recession.
Looking at the Laffer curve, you would see that the result of these tax cuts followed true to form, capital spending increased, and federal tax receipts increased. Tax receipts to states exploded.
Of course the Demicans and Republicrats managed to spend all of this money, and in the case of California, spend it all plus much, much more.


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Posted by a reader
a resident of Another Pleasanton neighborhood
on Oct 28, 2009 at 11:45 am

SteveP,

"Punish the achievers ... so that underachievers can have a safety net for their risky behavior."

But that is exactly what Republicans do. George Bush bailed out the failures on Wall Street. He used a big government program to bail out companies like AIG that had failed completely. McCain and Palin agreed with Bush's big government bailout solution. How is Obama different from Republicans?

Ron Paul opposed it. Maybe he is the alternative the country needs.

Web Link


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Posted by DaleG
a resident of Birdland
on Oct 28, 2009 at 9:02 pm

Its easy, take from the rich and give to the poor, what's the problem?

Many rich people have yachts. I don't have a yacht. Please take one from the rich and give it to me. It would certainly reduce the stress in my life and therefore make me healthy, saving the government millions of dollars on medical expenses.

See...problem solved.


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Posted by SteveP
a resident of Parkside
on Oct 29, 2009 at 10:27 am

SteveP is a registered user.

Unfortunately, 'the rich' are us...the residents of Pleasanton'. We, personally, are funding the likes of folks who belong in a 3rd world country somewhere.


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