martybegan
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- Apr 5, 2010
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- #21
No it is mindless drivel for the truly gullible. The target of the piece is suckers like you!!!Nobody is suggesting we take away all the wealth from the wealthy. And for God's sake, we aren't that stupid to think that the wealthy only include those in the Fortune 500. There is no doubt that spending must be cut, but the wealthy need to pay a bigger share also. They are the only ones to have reaped any rewards from the tax cuts of the last thirty years.
The funny thing about all this is that the alternative is to continue on the current path, where the wealthy continue to accumulate even more wealth while the middle class disappears. Once that happens, then you will see your revolution. I guarantee you if that time comes, the wealthy won't have to worry about just trying to protect their wealth.
All this is is a thought exericse. Also note he said to take ANY income over 250k each year from people, and that only got you a 1/3 of the year.
The scale of the federal budget is the target of this piece.
The wealthy pay no taxes. The idea is to get them to start paying their fair share of taxes, which means they only have to cover the deficit, not the full tax burden.
If you remember, Damn Quayle admitted that if you made the top tax rate 100% the rich still will pay no taxes. Even your MessiahRushie admits the truly wealthy pay no taxes.
August 7, 2007
CALLER: And, you know, and the way our tax system works, we have an overly complex system, which in and of itself is a problem, but the way our tax system works and the way the tax laws are written, it's based on a few kind of like hinge numbers like adjusted gross income and taxable income, and while the soak the rich -- or however you choose to describe it -- really doesn't come down that way. It really comes down to much lower income levels.
RUSH: It does, exactly, and here's the dirty little secret if you ever to pull it off. It's hard. This is why most people don't understand the tax-the-rich business. You've got to structure your life so you have no "earned" income. I'm out of time. I'll explain that. There's a category called earned income versus other kinds of income. Earned income is what the income tax rate is on. That's how "the rich" do it. They don't have "earned" income. END TRANSCRIPT
The Truth About Taxes
August 6, 2007
RUSH: I've told you before: the income tax is designed to keep people like his [Buffett's] secretary from becoming wealthy! There is no "wealth" tax. So this is a big misnomer. ...
But there's no tax on wealth. There is a tax on income, and the tax on income is designed to keep everybody who is not wealthy from getting there.
I'm talking about genuine wealth, not the way Democrats define "rich."
June 14, 2007
RUSH: -- a lot of people, a lot of people wealthy people set up foundations and they do this to keep the government from getting the money.
First of all, I dont listen to Rush or any talk poltical radio. I find the personalities on both sides to be annoying, full of mindless blather.
Also I thought the idea of taxes was to fund the government, not to be a tool for your fantasies of taking money from other people to somehow funnel it to your own pockets. That is your goal isn't it? Taking something that isnt yours?
The issue of the complexity of the tax system is seperate.