It's a hike and one I'm perfectly happy to live with. As a commenter at metafilter put it:
Well, it's that or more ice floes to put the old folk on, and the ice industry isn't making any production gains either.
It's a hike and one I'm perfectly happy to live with. As a commenter at metafilter put it:
Well, it's that or more ice floes to put the old folk on, and the ice industry isn't making any production gains either.
I'm not so sure. If a company has a huge sale for 1 month and everything is temporarily 50% off, we don't call it a 100% "price hike" the next month. Maybe it's just me, but hike has a very specific connotation that isn't appropriate here.
Full disclosure: I normally pay around $4 for a loaf of bread.
No, but if they had that "sale" for over 10 years, rather than one month, then you might call it a price increase.
In the context of historically low taxes (the top rate used to be 94% and is now 35%), I think the sale analogy is much more apt.
That's called a bonus and there's quite a difference. There's also a difference between a one year contract and getting laid off unexpectedly after one year.
You really don't get the practical difference?
>>>> There's also a difference between a one year contract and getting laid off unexpectedly after one year.
There is, but not in money. You could, for example, look in advance for the next gig if you knew. Since there's no way to prepare in advance for higher taxes that would make any difference (not for salarymen - for investors, they already did - tons of companies paid early dividends in 2012, sometimes borrowing to finance it), so it makes no practical difference at all.
It's called framing.
The Paula Jones lawyers deposed Clinton earlier with a ridiculous definition of sexual relations, the judged chopped it down way too far, and Clinton didn't answer one more bit then he had to because they kept leaking shit, and no one answers more than they have to in a deposition.
http://www.gpo.gov/fdsys/pkg/GPO-CDOC-105hdoc311/pdf/GPO-CDO... for the grand jury testimony about all this. Look at page 454 by searching to read the start of it.
All that said, yes, there is a point where definition of a word doesn't really matter. So yes, I agree with you, George Bush hiked the taxes on Jan 1 2013 on the upper class due to a expiration clause on a tax bill, and the Republicans opted not to renew the payroll tax holiday Obama got in exchange for a 2 year extention of the Bush Tax Cuts. They did not agree to extend these cuts when he did not agree to continued extensions of the Bush tax cuts for the highest wage income earners.
There's two battles progressives (and I am one) can fight here and getting sidetracked into the fight over framing this as a hike or not is not a battle they are going to win. OTOH while there was bipartisan support for letting the payroll tax holiday expire, Obama had proposed extending it for another year and bargained it away to Republicans. So if the GOP wants to call it a hike let them and remind everyone that they wanted this hike more than the Democrats did. That's a battle that's far more winnable.