Five Key Reasons to Reject Class-Warfare Tax Policy

[kaz]

How did 1% of Americans come to possess 40% of US wealth?

A nasty plot(s) to deprive other Americans of their rightful money?

Yes, it's a plot called "hard work"

you really are stupid

Am I? I like working hard as long as I'm compensated for it. How's your plan of letting Democrats do the work for you working out? Has it made you wealthy?

 

[Truthseeker420]

Let's just eat the rich!
YouTube - Bill Whittle - Let's Just Eat the Rich!

It is truly amazing that some people think there is a nasty plot to deprive them of their rightful money. NEver mind they never worked, or worked at menial jobs for 20 years. It's theirs, dammit. ANd they want gummint to take it for them.
They are the useful idiots of big governnment leftists.

How did 1% of Americans come to possess 40% of US wealth?

A nasty plot(s) to deprive other Americans of their rightful money?

Yes, it's a plot called "hard work"

lol at hard work. It's called bribing politicians.

 

[georgephillip]

Let's just eat the rich!
YouTube - Bill Whittle - Let's Just Eat the Rich!

It is truly amazing that some people think there is a nasty plot to deprive them of their rightful money. NEver mind they never worked, or worked at menial jobs for 20 years. It's theirs, dammit. ANd they want gummint to take it for them.
They are the useful idiots of big governnment leftists.

How did 1% of Americans come to possess 40% of US wealth?

A nasty plot(s) to deprive other Americans of their rightful money?

it ain't yers if ya ain't earned it buddrow.

How much did you earn from TARP?

 

[peach174]

The top 1% who make $380,000.00 and up pay 38% of taxes.
So President Obama wants them to pay more?
Even if they did pay more how much more will it bring in?
100 Billion - oh boy that is really going to help, eh? We are dealing with Trillions of dollars. One hundred billion of more income is not going to get us much of anywhere.
This is assuming that they will stay here in this country and not move to another country that has less taxes. They can and do, do this because they are rich, they can live anywhere they want to.
I think that many will, so then you have even less coming in from the rich.
Socialists never can get it through their heads that incentives and rewards will bring in more revenue not punishment.
Oh yes lets punish the rich for making too much.
Do you know why GE paid zero in taxes? They lobbied and paid a lot of money to Obama's campaign and even helped write some of the new tax laws. That is why they paid nothing. They have also gotten many contracts because of this ( the new light bulbs for example).
We have to stop the lobbyist's from paying any money period.
If we stop this and have a tax system that is fair and balanced, and get rid of the IRS we will have much more revenue.
And guess what? Everyone who spends money pays taxes. It also includes the poor.
Government spends to much. Any Government in the world can run things just fine on 1 trillion ( most wished they did have that amount) And we bring in 2.2 trillion, yet socialists ( in both parties) have to spend another 1.3 trillion?
Totally unreal

 

[georgephillip]

Let's just eat the rich!
YouTube - Bill Whittle - Let's Just Eat the Rich!

It is truly amazing that some people think there is a nasty plot to deprive them of their rightful money. NEver mind they never worked, or worked at menial jobs for 20 years. It's theirs, dammit. ANd they want gummint to take it for them.
They are the useful idiots of big governnment leftists.

How did 1% of Americans come to possess 40% of US wealth?

A nasty plot(s) to deprive other Americans of their rightful money?

Yes, it's a plot called "hard work"

It's a plot called TARP.

Although TARP was a relatively small part of the "hard work" of bribing Republicans AND Democrats to transfer trillions of dollars in private debt into public debt, primarily through the Federal Reserve's purchase of $1.1 trillion of toxic mortgage-based securities.

As I've said before, a small business owner working 70 to 80 hours every week for $380,000 every year is earning every penny and then some.

Hedge fund gamblers and most of their clients are not.

 

[georgephillip]

Let's just eat the rich!
YouTube - Bill Whittle - Let's Just Eat the Rich!

It is truly amazing that some people think there is a nasty plot to deprive them of their rightful money. NEver mind they never worked, or worked at menial jobs for 20 years. It's theirs, dammit. ANd they want gummint to take it for them.
They are the useful idiots of big governnment leftists.

How did 1% of Americans come to possess 40% of US wealth?

A nasty plot(s) to deprive other Americans of their rightful money?

The bar to ordinary folks becoming rich is taxes.

One is not taxed on what he or she already has, such as stocks, bonds, or stacks of gold bars, but rather on money earned.

So who is being hurt by increased taxes?

Those being hurt by increasing the level of taxation are among Americans who have seen their share of national wealth increase by nearly 2% during the last two years. Two years when millions of others have lost their homes, savings and retirement benefits.

At what point does the gap between the rich and the rest become a problem for everyone in the US?

Income tax increases could apply only to those who are already rich:

"Schakowsky millionaire tax rates proposal (adding 45%, 46%, 47%, 48%, and 49% top rates)
The Schakowsky plan creates five additional income tax brackets, starting at 45 percent for married
couples making over $1 million dollars a year and increasing to 49 percent for people making $1
billion and over. The current top tax rate is 35 percent for people making $379,150 a year or more.
Progressive estate tax Our budget rescinds the estate tax in the tax deal and replaces it with Sen.
Sanders’ progressive estate tax. This would generate $173 billion over 2012-16 and $330 billion over
2012-21. The policy would include a $3.5 million exemption followed by a progressive series of
marginal tax rates as follows: a 45% rate on the taxable portion of estates up to $50 million, a 55%
rate on the portion of estates up to $500 million, and a 65% rate on the portion of estates worth
over $500 million.
Tax capital gains and qualified dividends as ordinary income This policy would eliminate the
preferentially low rates on long-term capital gains and qualified dividends (currently 15%) and again
tax all capital income as ordinary income under the marginal tax rate structure. The tax rate on longterm
capital gains is scheduled to rise to 20% in 2013 and dividends are scheduled to be taxed again
as ordinary income.
Cap the benefit on itemized deductions at 28%..."

http://grijalva.house.gov/uploads/The%20CPC%20FY2012%20Budget.pdf

 

[teapartysamurai]

its only class warfare when its the poor/middle class complaining

The only people I see complaining are rich dudes like Obama or Union leadership claiming it's for the poor.

But, in reality it's rich people screaming like stuck pigs that their funds will be cut off if big government goes away.

 

[teapartysamurai]

Let's just eat the rich!
YouTube - Bill Whittle - Let's Just Eat the Rich!

It is truly amazing that some people think there is a nasty plot to deprive them of their rightful money. NEver mind they never worked, or worked at menial jobs for 20 years. It's theirs, dammit. ANd they want gummint to take it for them.
They are the useful idiots of big governnment leftists.

How did 1% of Americans come to possess 40% of US wealth?

A nasty plot(s) to deprive other Americans of their rightful money?

Thank you for proving me right.

The left OBSESSES about other people's money. And they concoct conspiracy theories as to why that money really belongs to them, er I mean "the people."

They preach about "greed," while at the same time ranting about any money out there that isn't in THEIR greedy fingers.

 

[teapartysamurai]

I knew the it was BS after he said Obama wanted to persecute the rich.

Most firms pay no income taxes - Congress

The Government Accountability Office (GAO) examined samples of corporate tax returns filed between 1998 and 2005. In that time period, an annual average of 1.3 million U.S. companies and 39,000 foreign companies doing business in the United States paid no income taxes - despite having a combined $2.5 trillion in revenue.

The study showed that 28% of foreign companies and 25% of U.S. corporations with more than $250 million in assets or $50 million in sales paid no federal income taxes in 2005. Those companies totaled a combined $372 billion in sales for the largest foreign companies and $1.1 trillion in revenue for the biggest U.S. companies.

Majority of corporations avoid federal income taxes - study - Aug. 12, 2008

Few things that needed to be pointed out:

The study showed that 28% of foreign companies and 25% of U.S. corporations with more than $250 million in assets or $50 million in sales paid no federal income taxes in 2005. Those companies totaled a combined $372 billion in sales for the largest foreign companies and $1.1 trillion in revenue for the biggest U.S. companies.

But many of the companies the report found had paid no tax were likely small businesses that pay other taxes. Generally, many small firms, because they do not have shareholders, are able to shift corporate income to individual income.

"Small businesses that are going to be liable for a lot of income tax are likely to use other tax forms so they only pay individual income taxes," said Eric Toder, a senior fellow at the Tax Policy Center.

Do you get it?

This is an example of CNN blasting a headline, knowing most DOLTS won't read beyond the headline.

CNN opinion doesn't change the facts only an a dolt would think so.

Speaking of dolts. . . . what the hell was that supposed to mean?

That the FACTS I quoted FROM YOUR ARTICLE are "opinion" if they don't tell you what you want to hear??????

 

[teapartysamurai]

How did 1% of Americans come to possess 40% of US wealth?

A nasty plot(s) to deprive other Americans of their rightful money?

Yes, it's a plot called "hard work"

you really are stupid

I think we see who's stupid.

This is how liberals think. They OBSESS about other people's money. It drives them insane WITH GREED. It should be their money. If they can't get their hands on it, they RATIONALIZE conspiracy theories on why the money really belongs them, because the rightful owners who EARNED IT, didn't really earn it. Noooooooooooooooooooo, they cheated to get that money. That's how liberals think. It's only right that liberals take it away.

When confronted with the idea those people EARNED the money, that gob smacks their created fantasy world, and they are left sputtering that you are eeeeeeeeeeeevil, stupid, fooled by rich "corporate barons," blah blah blah.

This is how liberals think. They preach against greed, but the true greed comes from them.

 

[teapartysamurai]

How did 1% of Americans come to possess 40% of US wealth?

A nasty plot(s) to deprive other Americans of their rightful money?

Yes, it's a plot called "hard work"

lol at hard work. It's called bribing politicians.

Yeah, Union bosses and liberals NEEEEEEEEEEEEEEEEEEEVER do such things, ONLY eeeeeeeeeeeeeeeeeeeeeevil capitalists.

You guys ever read "Do as I say not as I do?" And read how much Tax Cheating comes from people like Noam Chomsky, or the late Ted Kennedy?

But here again, we have the simplistic, unintelligent, and GREED FILLED view point of liberals. All money is eeeeeeeeeeeevil and belongs to them.

The only way it will not be eeeeeeeeevil is if liberals control it. That's ther rationalize to excuse their GREED for other people's money.

When people KEEP the money they earn it isn't deserved. They didn't earn it, they "cheated" to keep it.

Now you know why they bleat like stuck pigs when taxes are cut.

It isn't about people keeping more of what they earn. To liberals it's about "fairness" aka getting more of other people's money.

 

[teapartysamurai]

How did 1% of Americans come to possess 40% of US wealth?

A nasty plot(s) to deprive other Americans of their rightful money?

it ain't yers if ya ain't earned it buddrow.

How much did you earn from TARP?

Not a red cent you moron! I'm a tax payer. I'm on the hook for Tarp!

 

[teapartysamurai]

How did 1% of Americans come to possess 40% of US wealth?

A nasty plot(s) to deprive other Americans of their rightful money?

Yes, it's a plot called "hard work"

It's a plot called TARP.

Although TARP was a relatively small part of the "hard work" of bribing Republicans AND Democrats to transfer trillions of dollars in private debt into public debt, primarily through the Federal Reserve's purchase of $1.1 trillion of toxic mortgage-based securities.

As I've said before, a small business owner working 70 to 80 hours every week for $380,000 every year is earning every penny and then some.

Hedge fund gamblers and most of their clients are not.

So everyone that is rich got money from TARP?

That will be news to Rush Limbaugh!

 

[teapartysamurai]

How did 1% of Americans come to possess 40% of US wealth?

A nasty plot(s) to deprive other Americans of their rightful money?

The bar to ordinary folks becoming rich is taxes.

One is not taxed on what he or she already has, such as stocks, bonds, or stacks of gold bars, but rather on money earned.

So who is being hurt by increased taxes?

Those being hurt by increasing the level of taxation are among Americans who have seen their share of national wealth increase by nearly 2% during the last two years. Two years when millions of others have lost their homes, savings and retirement benefits.

At what point does the gap between the rich and the rest become a problem for everyone in the US?

Income tax increases could apply only to those who are already rich:

"Schakowsky millionaire tax rates proposal (adding 45%, 46%, 47%, 48%, and 49% top rates)
The Schakowsky plan creates five additional income tax brackets, starting at 45 percent for married
couples making over $1 million dollars a year and increasing to 49 percent for people making $1
billion and over. The current top tax rate is 35 percent for people making $379,150 a year or more.
Progressive estate tax Our budget rescinds the estate tax in the tax deal and replaces it with Sen.
Sanders’ progressive estate tax. This would generate $173 billion over 2012-16 and $330 billion over
2012-21. The policy would include a $3.5 million exemption followed by a progressive series of
marginal tax rates as follows: a 45% rate on the taxable portion of estates up to $50 million, a 55%
rate on the portion of estates up to $500 million, and a 65% rate on the portion of estates worth
over $500 million.
Tax capital gains and qualified dividends as ordinary income This policy would eliminate the
preferentially low rates on long-term capital gains and qualified dividends (currently 15%) and again
tax all capital income as ordinary income under the marginal tax rate structure. The tax rate on longterm
capital gains is scheduled to rise to 20% in 2013 and dividends are scheduled to be taxed again
as ordinary income.
Cap the benefit on itemized deductions at 28%..."

http://grijalva.house.gov/uploads/The CPC FY2012 Budget.pdf

Okay do you get all this.

This "Two Americas" BS. This "the gap between rich and poor" BS.

This means it's UNFAIR that there are people getting "rich" if there are otehrs getting poor!

Notice the SOLUTION from liberals.

NOT to help more people get rich. Nooooooooooooooooooooo.

Their solution? HELP MORE PEOPLE GET POOR!

Raise the taxes!!!! It won't put a dime in the pocket of the poor, but it WILL make greedy liberals feel better that there aren't as many people with money they can't get their hands on!

That's what it's all about. That's what Obama means when he talks about "fairness."

It won't help YOU make a dime more in money. It is just supposed to make you feel better someone ELSE won't make a dime more either.

Perfect example of the greed of class warfare liberals!

 

[ClosedCaption]

Hahaha dude said high taxes discourage drinking and smoking. I haven't seen someone yet say "I'm quitting because of taxes"

Sure some ppl do but the majority will not stop because they like it. Just like the rich likes to make money.

 

[Wry Catcher]

Let's just eat the rich!
YouTube - Bill Whittle - Let's Just Eat the Rich!

It is truly amazing that some people think there is a nasty plot to deprive them of their rightful money. NEver mind they never worked, or worked at menial jobs for 20 years. It's theirs, dammit. ANd they want gummint to take it for them.
They are the useful idiots of big governnment leftists.

Well now, the picture of Rabbi becomes clearer; knowing he's a liar one rarely wastes time wondering why. The fact he is dishonest to the core seems sufficient. Yet under the theory it's best to keep one's enemies (that maybe too strong a word, but it fits the example) ... I read Rabbi's posts out of curiosity - much as I look at a traffic accident even though it may distrub me.

Here we have an example of a useless post, an ad hominem attack on a straw man. Of course there's no truth or reason within the words he offers, simply the usual bias and hate for men and women of straw.

RWers who accuse anyone of being "statists", a favorite word second only to Fabian Socialists by the echo chamber crowd and 'leftists' as "useful idiots of big government" fail to see themselves in a mirror. The RW under GWB increased governments size (and imcompetence) during his eight long and painful years in office and such expansion and deficit spending was never an issue. What is thy name Rabbi, it is Hypocrisy.

 

[teapartysamurai]

Hahaha dude said high taxes discourage drinking and smoking. I haven't seen someone yet say "I'm quitting because of taxes"

Sure some ppl do but the majority will not stop because they like it. Just like the rich likes to make money.

And the left doesn't like to make money, they like to take it from others who do make money.

 

[teapartysamurai]

Let's just eat the rich!
YouTube - Bill Whittle - Let's Just Eat the Rich!

It is truly amazing that some people think there is a nasty plot to deprive them of their rightful money. NEver mind they never worked, or worked at menial jobs for 20 years. It's theirs, dammit. ANd they want gummint to take it for them.
They are the useful idiots of big governnment leftists.

Well now, the picture of Rabbi becomes clearer; knowing he's a liar one rarely wastes time wondering why. The fact he is dishonest to the core seems sufficient. Yet under the theory it's best to keep one's enemies (that maybe too strong a word, but it fits the example) ... I read Rabbi's posts out of curiosity - much as I look at a traffic accident even though it may distrub me.

Here we have an example of a useless post, an ad hominem attack on a straw man. Of course there's no truth or reason within the words he offers, simply the usual bias and hate for men and women of straw.

RWers who accuse anyone of being "statists", a favorite word second only to Fabian Socialists by the echo chamber crowd and 'leftists' as "useful idiots of big government" fail to see themselves in a mirror. The RW under GWB increased governments size (and imcompetence) during his eight long and painful years in office and such expansion and deficit spending was never an issue. What is thy name Rabbi, it is Hypocrisy.

What we have here is the left's typical modus operandi.

When they can't debate the SUBJECT, they ATTACK the debater.

You can't debate the issue, so you have to attack personally.

This is typical of liberals, and when you see something like this directed at you (personally) don't be insulted, feel complimented.

What the liberal is really saying is you made an excellent point, and he can't refute it.

 

[georgephillip]

Let's just eat the rich!
YouTube - Bill Whittle - Let's Just Eat the Rich!

It is truly amazing that some people think there is a nasty plot to deprive them of their rightful money. NEver mind they never worked, or worked at menial jobs for 20 years. It's theirs, dammit. ANd they want gummint to take it for them.
They are the useful idiots of big governnment leftists.

How did 1% of Americans come to possess 40% of US wealth?

A nasty plot(s) to deprive other Americans of their rightful money?

Thank you for proving me right.

The left OBSESSES about other people's money. And they concoct conspiracy theories as to why that money really belongs to them, er I mean "the people."

They preach about "greed," while at the same time ranting about any money out there that isn't in THEIR greedy fingers.

Thanks to the nearly $13 trillion worth of bailouts and loan guarantees provided to Wall Street (remember?) the richest 2% of Americans have nearly doubled their share of returns to wealth (interest, dividends, rents and capital gains) in less than one generation.

This is not an accident.

It's class war, and you are too brainwashed by your political ideology to care.

Which makes you a slave.

Smite that.

 

[teapartysamurai]

How did 1% of Americans come to possess 40% of US wealth?

A nasty plot(s) to deprive other Americans of their rightful money?

Thank you for proving me right.

The left OBSESSES about other people's money. And they concoct conspiracy theories as to why that money really belongs to them, er I mean "the people."

They preach about "greed," while at the same time ranting about any money out there that isn't in THEIR greedy fingers.

Thanks to the nearly $13 trillion worth of bailouts and loan guarantees provided to Wall Street (remember?) the richest 2% of Americans have nearly doubled their share of returns to wealth (interest, dividends, rents and capital gains) in less than one generation.

This is not an accident.

It's class war, and you are too brainwashed by your political ideology to care.

Which makes you a slave.

Smite that.

I hate to break it to you but OBAMA VOTED FOR TARP.

Then he tripled down on that when he did the Stimulus.

You want to see how much of that went to bail out rich unions?????

Why are you whining at me. I wasn't for Tarp or the Stimulus.

I'm for FREE MARKETS. People keeping more of what they earn.

But HOW is RAISING TAXES going to fix the problems behind the bailouts???

That doesn't even make sense.

The answer to that is to put into office CONSERVATIVES against bailouts. You certainly aren't going to get that with Democrats. You want to look at the voting record of Democrats on both Tarp and the Stimulus?