Five Key Reasons to Reject Class-Warfare Tax Policy

[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.

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.

It was refuted, you simply didn't understand. Rabbi is a liar, of that there can be no dispute by anyone who has read his comments and watched, when confronted, him cut and run. He presented a straw man argument, one so obvious even a dullard would get it.

You are simply a troll, not a very bright one, but a troll. Not bright might be considered an ad homimen (personal) attack, but your many posts belie any other conclusion.

 

[The Rabbi]

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.

Are you still posting here? I would have thought you'd slunk away in shame after I ate your lunch i the last thread.
How is this a useless post? The video (you did watch it, right?) demonstrates pretty well that increasing taxes are not going to pay for the deficit. It is a non starter. Won't happen.
Surely Obama knows this too. So why is he proposing it? Class warfare and politics. This is how he will get re-elected, telling people that rich folks got all their money and now he's gonna get it back for them.

The "RW" under Bush had no power, you idiot. Democrats controlled Congress for the last 2 years, about the time the economy began to tank. Bush was a big government Republican like Nixon. How many times does this need to be made clear to you?

 

[The Rabbi]

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.

It was refuted, you simply didn't understand. Rabbi is a liar, of that there can be no dispute by anyone who has read his comments and watched, when confronted, him cut and run. He presented a straw man argument, one so obvious even a dullard would get it.

You are simply a troll, not a very bright one, but a troll. Not bright might be considered an ad homimen (personal) attack, but your many posts belie any other conclusion.

Liar=Someone I can't argue with.
Yes, given that definition you are correct. You cannot argue with me because you are wrong every single time. And then I demonstrate it. Over and over. And you slink away only to ooze up again in some other thread and spout the exact same nonsense that has already been debunked.

 

[GHook93]

You're such a fucking troll and by far the worst newbie to come along in a long time. I worthless pothead looking for a hand out like you conveniently left out this:

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.

You realize they are talking about the Corporate tax right? The corporate tax hits one type of US organization - the C-Corp! The public companies that are held to highly scrutinized public accounting and record keeping! They pay the corporate tax (via dual taxation: meaning taxed on the entity and taxed at the shareholder level). Even without the corporate tax, the capital gains tax (or the investment killing tax) they generate is extremely high! The rest of the organization pay a follow-through taxation, meaning they pay personal income tax at the owner level. This mean the Sole Pro, GP, LP, LLP, LLC and most importantly the S-Corp pay the flow-through taxation. LLC, LP and S-Corps make up the vast majority of companies big and small in America!!! Therefore, of course the majority of companies don't pay the corporate tax, due to their structure of the majority of US companies. HOWEVER, they pay the personal income tax, just like their employees. In addition to the income tax they get hit HARD with the payroll tax (same with the large C-Corps). They also get hit with capital gains taxes, property taxes and sales taxes! A disingenous communist holocaust denier like you will ignore this and say they pay no taxes! What a load of shit. I bet you never paid a dime of income tax in your life, but you have utilized you fair share of welfare and other entitlements!

It's true a company might pay no income taxes when they are in the red. Meaning their costs exceed revenue. But only a pot filled socialist would want companies taxed on gross not net income.

Then a douche bag like you will bring up the red herring that they have $200 million in assets. Assets can be machinery, real estate, factories, trucks, GOODWILL, overstock, supplies, receivables etc. This doesn't make them profitable!!! What makes them profitable is revenue over cost. $200 million in assets with $10 mil in sales and $90 million in sales is a company in trouble. Much more so than a company with $1 mil in assets, $10 mil in sales and $1 in costs!

Of course a douche like you will bring up the red herring that they have $200 million in sales, well if they have $201 million in cost then they lost money!

In summary: Go fuck yourself loser!

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

 

[GHook93]

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?

Boy Georage, of course you can never understand that people worked for their money, since you have fully admitted you never made more than mimimum wage and have live the life of a dirt poor loser! Your a bottom feeding socialist that wants everyone to take of you. Why the fuck would anyone take a poverty case like you seriously?

 

[confussed]

How did 1% get all the wealth. That's the elite class, Billionares. Most of that is old money.
most of the wealth comes from realestate. And inside information. And scamming people.
And yes there is always fame. But most people just plug along. There was a time not to long ago when you put money in the bank, you were given a fair return, not today, Today you make money by investing overseas, that's where all of our wealth has gone......... Or you can do like my ancestors in the old days and steal it. Good luck with that one. Start an escort service.

 

[ClosedCaption]

The righties in here sure are fighting hard for tax breaks they will never get. *confused*

 

[American Horse]

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

On first look all that sounds great, but then you have to realize that all that will reduce investment in job producing activities. The real solution that we should get behind is less government spending. Therein lies the cure to all our fiscal problems. Then the monetary side will be manageable too.

 

[Mr Liberty]

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?

Because they don't spend all of their money every month. They invest it and receive a return on the money. This is how you and I have a job. The socialist system there are no rich and the government runs all businesses and there is no private property. This is the system you Marxist want.
You either value individual property rights or you don't. It is evil to take a person's property just because they are successful. How did they take your money? They didn't.

 

[American Horse]

You're such a fucking troll and by far the worst newbie to come along in a long time. I worthless pothead looking for a hand out like you conveniently left out this:

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.

You realize they are talking about the Corporate tax right? The corporate tax hits one type of US organization - the C-Corp! The public companies that are held to highly scrutinized public accounting and record keeping! They pay the corporate tax (via dual taxation: meaning taxed on the entity and taxed at the shareholder level). Even without the corporate tax, the capital gains tax (or the investment killing tax) they generate is extremely high! The rest of the organization pay a follow-through taxation, meaning they pay personal income tax at the owner level. This mean the Sole Pro, GP, LP, LLP, LLC and most importantly the S-Corp pay the flow-through taxation. LLC, LP and S-Corps make up the vast majority of companies big and small in America!!! Therefore, of course the majority of companies don't pay the corporate tax, due to their structure of the majority of US companies. HOWEVER, they pay the personal income tax, just like their employees. In addition to the income tax they get hit HARD with the payroll tax (same with the large C-Corps). They also get hit with capital gains taxes, property taxes and sales taxes! A disingenous communist holocaust denier like you will ignore this and say they pay no taxes! What a load of shit. I bet you never paid a dime of income tax in your life, but you have utilized you fair share of welfare and other entitlements!

It's true a company might pay no income taxes when they are in the red. Meaning their costs exceed revenue. But only a pot filled socialist would want companies taxed on gross not net income.

Then a douche bag like you will bring up the red herring that they have $200 million in assets. Assets can be machinery, real estate, factories, trucks, GOODWILL, overstock, supplies, receivables etc. This doesn't make them profitable!!! What makes them profitable is revenue over cost. $200 million in assets with $10 mil in sales and $90 million in sales is a company in trouble. Much more so than a company with $1 mil in assets, $10 mil in sales and $1 in costs!

Of course a douche like you will bring up the red herring that they have $200 million in sales, well if they have $201 million in cost then they lost money!

In summary: Go fuck yourself loser!

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

Nearly all the dis-information and misunderstanding about taxes could be eliminated if corporate taxes were completely eliminated and all corporate income was passed through and taxed as individual income. That would have the advantage of removing the bias against job creation within the US, eliminate the ability of politicians to manipulate corporations and their production for social purposes, make US corporations and business more competitive globally, and make much less popular the scam on the public of attacking corporations purely for political purposes.

 

[Mr Liberty]

How did 1% get all the wealth. That's the elite class, Billionares. Most of that is old money.
most of the wealth comes from realestate. And inside information. And scamming people.
And yes there is always fame. But most people just plug along. There was a time not to long ago when you put money in the bank, you were given a fair return, not today, Today you make money by investing overseas, that's where all of our wealth has gone......... Or you can do like my ancestors in the old days and steal it. Good luck with that one. Start an escort service.

Two thirds are self made billionaires. Gates--Microsoft/ Buffett--Investments. How did they scam you?

 

[ClosedCaption]

How did 1% get all the wealth. That's the elite class, Billionares. Most of that is old money.
most of the wealth comes from realestate. And inside information. And scamming people.
And yes there is always fame. But most people just plug along. There was a time not to long ago when you put money in the bank, you were given a fair return, not today, Today you make money by investing overseas, that's where all of our wealth has gone......... Or you can do like my ancestors in the old days and steal it. Good luck with that one. Start an escort service.

Two thirds are self made billionaires. Gates--Microsoft/ Buffett--Investments. How did they scam you?

link?

 

[GHook93]

I haven't seen someone yet say "I'm quitting because of taxes"

Really, because I know a ton of people that have quit smoking because of the cost. $10 pack of smokes is becoming motivational!

 

[ClosedCaption]

I haven't seen someone yet say "I'm quitting because of taxes"

Really, because I know a ton of people that have quit smoking because of the cost. $10 pack of smokes is becoming motivational!

I know more people than you do. I win.

 

[GHook93]

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.

Hey stupid, you do realize that the auto and bank bailouts have been getting paid back correct. No one wanted to bail out the banks. NO ONE, but it was a necessary evil to keep the country from collasping!

 

[GHook93]

I haven't seen someone yet say "I'm quitting because of taxes"

Really, because I know a ton of people that have quit smoking because of the cost. $10 pack of smokes is becoming motivational!

I know more people than you do. I win.

I will agree that the taxation on alcohol doesn't seem to have an effect! But then again it's not as high as the tobacco tax.

 

[georgephillip]

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!

Very likely none of us on the hook for the purchase and insurance of up to $700 billion of "troubled assets" have felt the full consequences yet.

When Wall Street sold fraudulent derivatives into our pension funds, foreclosed on the homes of millions of American workers and loaded up the Federal Reserve's balance sheet with several trillion dollars of junk financial paper, the Fed responded with a policy of "quantitative easing" whose full effects on inflation, interest rates, and the dollar's foreign exchange value are yet to hit.

"When they do, Americans will get a lesson in poverty."

Paul Craig Roberts: A Tool for Class War

 

[georgephillip]

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!

Rich Rush is a member of that 1% of Americans who have seen their share of national wealth increase during the last two years when millions of productive Americans have lost their jobs, homes, savings and retirement plans.

Maybe he's as much a part of the problem as Bush or Obama?

 

[georgephillip]

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!

There are "Two Americas" in existence right this second.

In one America 10 million families will lose their homes between now and New Year's Eve, effectively wiping out $5.6 trillion in home equity, and most of these Americans will continue to confront steep unemployment rates and stagnant wages.

In the Second America fourth quarter profits at US businesses were up 29.2%, "the fastest growth in more than 60 years."

US corporations amassed profits at an annual rate of $1.678 trillion while top execs who can't create jobs for anyone else have increased their own pay by 12% over the previous year.

Those not hopelessly blinded by politics should start connecting the dots between these "Two Americas", especially between the Wall Street crimes that made one America filthy rich and the federal debt suddenly so troubling to elected Republicans AND Democrats in DC.

The False Debate on the Debt | Common Dreams

 

[The Rabbi]

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!

Rich Rush is a member of that 1% of Americans who have seen their share of national wealth increase during the last two years when millions of productive Americans have lost their jobs, homes, savings and retirement plans.

Maybe he's as much a part of the problem as Bush or Obama?

So making money is ipso facto proof that you are part of the problem?