Tax the Rich: Fix Jobs and Deficits

[georgephillip]

Since DC Democrats and Republicans are tone deaf to anything that doesn't ring of corporate cash, it falls on workers to demand a massive public works program which can be funded by taxing corporations and the richest Americans at pre-Reagan levels.

"And it makes complete sense because the growing inequalities in wealth over the past three decades has meant a spectacular concentration of wealth at the top.

"The rich have plenty of money to spare."

Spare me the brain-dead conservative vomit about how hard the rich have "worked" for all their money.

The rich have the money because Republicans AND Democrats threw money at Wall Street banks and hedge funds instead of prosecuting the executives responsible for the biggest economic downturn since the Great Depression.

The rich have the money because their chief enabler, The Federal Reserve, has fueled a major commodity bubble "that may be in the midst of bursting, possibly triggering a double dip recession."

Throw in high unemployment which allows the rich to work remaining employees harder and thus increase profits and combine it with commodity speculation and you have the entire basis for a corporate recovery which both major parties tout as "proof" of economic "recovery."

It's another lie the rich tell.

When the Fed stops purchasing 60% of US Treasury bonds, a new creditor will have to step up. One that will probably demand significantly higher interest rates before loaning anymore money to the US Government.

Surprise, surprise - the rich win again!

They got all that free bail-out money which increased the deficit.
None of them went to prison for their crimes.
Their bottom lines are being enhanced by commodity speculation and high unemployment.
And now the rich want higher interest rates for investing in US Treasury Bonds.

"In (all) instances working people pay the bills."

The Rich Are Destroying the Economy | Common Dreams

 

[RetiredGySgt]

So no deficit reduction, keep spending trillions more then we have and to help offset it steal the money from those you think have to much. Thanks for proving the point of just how brain damaged you are.

Explain again how taking MORE percentage wise from people that happen to have more then you is A) Justified under the Constitution, B) reasonable behavior for a Government to do, And C) why you think those with more should pay a higher percentage based on some sense of fair play and reasonable conscious.

 

[Stephanie]

It's SCARY to think we have people in this country who FEEL THIS WAY.

You couldn't get MORE DISGUSTING for calling to STEAL other people's money by TAXATION to use it for your own use.

but then again, this piece of crap posting came from the so called, "PROGRESSIVE (pretty name for COMMIE)" website, common dreams..

common dreams my ass..

 

[georgephillip]

So no deficit reduction, keep spending trillions more then we have and to help offset it steal the money from those you think have to much. Thanks for proving the point of just how brain damaged you are.

Explain again how taking MORE percentage wise from people that happen to have more then you is A) Justified under the Constitution, B) reasonable behavior for a Government to do, And C) why you think those with more should pay a higher percentage based on some sense of fair play and reasonable conscious.

If someone twice your size and half your age beats you senseless and transfers all the money in your pockets into his, will you bleat "life ain't fair" from your hospital bed?

The richest 1% of Americans earned about 9% of annual US income in 1979.
They earn over 20% today and control about 40% of national wealth.
And they have seen their "fair share" of both increase since 2008.

I don't believe the rich have earned all that money.
They have bribed politicians to lower their tax rates to acquire some of it.
They have manipulated the Federal Reserve and commodity markets for some of it.
And they've spiked unemployment to levels unseen in generations for some of it.

This is a damn war.
Why are you afraid to fight back?

 

[Stephanie]

So no deficit reduction, keep spending trillions more then we have and to help offset it steal the money from those you think have to much. Thanks for proving the point of just how brain damaged you are.

Explain again how taking MORE percentage wise from people that happen to have more then you is A) Justified under the Constitution, B) reasonable behavior for a Government to do, And C) why you think those with more should pay a higher percentage based on some sense of fair play and reasonable conscious.

If someone twice your size and half your age beats you senseless and transfers all the money in your pockets into his, will you bleat "life ain't fair" from your hospital bed?

The richest 1% of Americans earned about 9% of annual US income in 1979.
They earn over 20% today and control about 40% of national wealth.
And they have seen their "fair share" of both increase since 2008.

I don't believe the rich have earned all that money.
They have bribed politicians to lower their tax rates to acquire some of it.
They have manipulated the Federal Reserve and commodity markets for some of it.
And they've spiked unemployment to levels unseen in generations for some of it.

This is a damn war.
Why are you afraid to fight back?

Well, if you DON'T BELIEVE the rich have EARNED all that money, you could call Nancy Pelosi, John Kerry and a few others who are the RICHEST Democrat Representatives, AND ASK THEM.
You are showing your Liberal Red my dear.

 

[martybegan]

So no deficit reduction, keep spending trillions more then we have and to help offset it steal the money from those you think have to much. Thanks for proving the point of just how brain damaged you are.

Explain again how taking MORE percentage wise from people that happen to have more then you is A) Justified under the Constitution, B) reasonable behavior for a Government to do, And C) why you think those with more should pay a higher percentage based on some sense of fair play and reasonable conscious.

If someone twice your size and half your age beats you senseless and transfers all the money in your pockets into his, will you bleat "life ain't fair" from your hospital bed?

The richest 1% of Americans earned about 9% of annual US income in 1979.
They earn over 20% today and control about 40% of national wealth.
And they have seen their "fair share" of both increase since 2008.

I don't believe the rich have earned all that money.
They have bribed politicians to lower their tax rates to acquire some of it.
They have manipulated the Federal Reserve and commodity markets for some of it.
And they've spiked unemployment to levels unseen in generations for some of it.

This is a damn war.
Why are you afraid to fight back?

If its a war, why dont you do the honorable thing and get a gun and take the money you think is yours, instead of being a chickenshit coward and using the government to get it ?

Go to the fucking barracades for it, I dare you.

 

[georgephillip]

It's SCARY to think we have people in this country who FEEL THIS WAY.

You couldn't get MORE DISGUSTING for calling to STEAL other people's money by TAXATION to use it for your own use.

but then again, this piece of crap posting came from the so called, "PROGRESSIVE (pretty name for COMMIE)" website, common dreams..

common dreams my ass..

What part of equal scares you most?

In 1979 when the richest 1% of Americans controlled 9% of US income they paid taxes at a rate of 70%. Today they pay taxes at half that rate EXCEPT when they pay at a 15% capital gains rate.

It's REALLY scary that slaves like you don't see how the rich have bribed government to lower their tax rates over the last 40 years.

Get some guts.
Fight back.
Fascist.

 

[Stephanie]

It's SCARY to think we have people in this country who FEEL THIS WAY.

You couldn't get MORE DISGUSTING for calling to STEAL other people's money by TAXATION to use it for your own use.

but then again, this piece of crap posting came from the so called, "PROGRESSIVE (pretty name for COMMIE)" website, common dreams..

common dreams my ass..

What part of equal scares you most?

In 1979 when the richest 1% of Americans controlled 9% of US income they paid taxes at a rate of 70%. Today they pay taxes at half that rate EXCEPT when they pay at a 15% capital gains rate.

It's REALLY scary that slaves like you don't see how the rich have bribed government to lower their tax rates over the last 40 years.

Get some guts.
Fight back.
Fascist.

lol, You CALLING others fascist is real hoot. Calling to STEAL MONEY from others (who you DON'T BELIEVE EARNED IT) through TAXATION..Your COMMIE RED is showing my dear..

 

[georgephillip]

So no deficit reduction, keep spending trillions more then we have and to help offset it steal the money from those you think have to much. Thanks for proving the point of just how brain damaged you are.

Explain again how taking MORE percentage wise from people that happen to have more then you is A) Justified under the Constitution, B) reasonable behavior for a Government to do, And C) why you think those with more should pay a higher percentage based on some sense of fair play and reasonable conscious.

If someone twice your size and half your age beats you senseless and transfers all the money in your pockets into his, will you bleat "life ain't fair" from your hospital bed?

The richest 1% of Americans earned about 9% of annual US income in 1979.
They earn over 20% today and control about 40% of national wealth.
And they have seen their "fair share" of both increase since 2008.

I don't believe the rich have earned all that money.
They have bribed politicians to lower their tax rates to acquire some of it.
They have manipulated the Federal Reserve and commodity markets for some of it.
And they've spiked unemployment to levels unseen in generations for some of it.

This is a damn war.
Why are you afraid to fight back?

Well, if you DON'T BELIEVE the rich have EARNED all that money, you could call Nancy Pelosi, John Kerry and a few others who are the RICHEST Democrat Representatives, AND ASK THEM.
You are showing your Liberal Red my dear.

From the OP:

"The rich have the money because Republicans AND Democrats threw money at Wall Street banks and hedge funds..."

There is no shortage of millionaires in the US Congress.
On both sides of the aisle.

My solution is to FLUSH Republicans AND Democrats from DC by the hundreds (starting in the White House) in November of 2012.

What's yours?

 

[editec]

The problem is so much more complex than merely the rich have too much and the poor not enough, and the solutions to this development will take so much more than merely taxing the rich, that this sort of post (while certainly welcomed by the board partisans) really serves to DISINFORM more than to inform.

Ask yourselves WHY capital has gained do much while the bottom 80% or so is losing ground.

TAXATION is a very small part of the real problem.



'

 

[georgephillip]

So no deficit reduction, keep spending trillions more then we have and to help offset it steal the money from those you think have to much. Thanks for proving the point of just how brain damaged you are.

Explain again how taking MORE percentage wise from people that happen to have more then you is A) Justified under the Constitution, B) reasonable behavior for a Government to do, And C) why you think those with more should pay a higher percentage based on some sense of fair play and reasonable conscious.

If someone twice your size and half your age beats you senseless and transfers all the money in your pockets into his, will you bleat "life ain't fair" from your hospital bed?

The richest 1% of Americans earned about 9% of annual US income in 1979.
They earn over 20% today and control about 40% of national wealth.
And they have seen their "fair share" of both increase since 2008.

I don't believe the rich have earned all that money.
They have bribed politicians to lower their tax rates to acquire some of it.
They have manipulated the Federal Reserve and commodity markets for some of it.
And they've spiked unemployment to levels unseen in generations for some of it.

This is a damn war.
Why are you afraid to fight back?

If its a war, why dont you do the honorable thing and get a gun and take the money you think is yours, instead of being a chickenshit coward and using the government to get it ?

Go to the fucking barracades for it, I dare you.

Guns are for pussies.
Possibly that explains your suggestion?

Why would you think one more gun in a country with more guns than citizens is likely to improve the situation?

It will be the rich who hire killers when enough of their political handmaidens are FLUSHED from government.

Which side will you fight on?

 

[Stephanie]

If someone twice your size and half your age beats you senseless and transfers all the money in your pockets into his, will you bleat "life ain't fair" from your hospital bed?

The richest 1% of Americans earned about 9% of annual US income in 1979.
They earn over 20% today and control about 40% of national wealth.
And they have seen their "fair share" of both increase since 2008.

I don't believe the rich have earned all that money.
They have bribed politicians to lower their tax rates to acquire some of it.
They have manipulated the Federal Reserve and commodity markets for some of it.
And they've spiked unemployment to levels unseen in generations for some of it.

This is a damn war.
Why are you afraid to fight back?

Well, if you DON'T BELIEVE the rich have EARNED all that money, you could call Nancy Pelosi, John Kerry and a few others who are the RICHEST Democrat Representatives, AND ASK THEM.
You are showing your Liberal Red my dear.

From the OP:

"The rich have the money because Republicans AND Democrats threw money at Wall Street banks and hedge funds..."

There is no shortage of millionaires in the US Congress.
On both sides of the aisle.

My solution is to FLUSH Republicans AND Democrats from DC by the hundreds (starting in the White House) in November of 2012.

What's yours?

And REPLACE them with what? More Communist? you can't get any more Commies than what you already have in the white house and in the DEMOCRAT party. so please stop blowing smoke up our asses about what YOUR solution would be..

 

[georgephillip]

It's SCARY to think we have people in this country who FEEL THIS WAY.

You couldn't get MORE DISGUSTING for calling to STEAL other people's money by TAXATION to use it for your own use.

but then again, this piece of crap posting came from the so called, "PROGRESSIVE (pretty name for COMMIE)" website, common dreams..

common dreams my ass..

What part of equal scares you most?

In 1979 when the richest 1% of Americans controlled 9% of US income they paid taxes at a rate of 70%. Today they pay taxes at half that rate EXCEPT when they pay at a 15% capital gains rate.

It's REALLY scary that slaves like you don't see how the rich have bribed government to lower their tax rates over the last 40 years.

Get some guts.
Fight back.
Fascist.

lol, You CALLING others fascist is real hoot. Calling to STEAL MONEY from others (who you DON'T BELIEVE EARNED IT) through TAXATION..Your COMMIE RED is showing my dear..

Speaking of STEALING:

"In his book, Crisis Economics, Nouriel Roubini outlines the insane response to the recession by Republicans and Democrats.

"Because both parties simply threw money at the banks and hedge funds instead of punishing them, a condition of 'moral hazard' was created, meaning, that banks would assume another bailout would come their way if they destroyed the economy again -- too big too fail, remember?

"Roubini explains how the Democrats allowed the 'too big' banks to get even bigger; how Wall Street salaries based on short-term profits went unregulated; how the regulations that were put into place were inadequate and filled with loopholes; how nothing of any significance changed.

"Roubini has also written extensively about how the post-bailout Federal Reserve policies were fueling a commodity bubble that may be in the midst of bursting, possibly triggering a double dip recession.

"Essentially the big banks and rich investors were borrowing cheap dollars from the Fed and investing abroad in commodities with the hopes of higher returns. Roubini states:

“The risk is that we are planting the seeds of the next financial crisis...this asset bubble is totally inconsistent with a weaker recovery of economic and financial fundamentals." (October 27, 2009)."

Your CONSERVATIVE YELLOW is showing ever more brightly.
Dear.

The Rich Are Destroying the Economy | Common Dreams

 

[Stephanie]

What part of equal scares you most?

In 1979 when the richest 1% of Americans controlled 9% of US income they paid taxes at a rate of 70%. Today they pay taxes at half that rate EXCEPT when they pay at a 15% capital gains rate.

It's REALLY scary that slaves like you don't see how the rich have bribed government to lower their tax rates over the last 40 years.

Get some guts.
Fight back.
Fascist.

lol, You CALLING others fascist is real hoot. Calling to STEAL MONEY from others (who you DON'T BELIEVE EARNED IT) through TAXATION..Your COMMIE RED is showing my dear..

Speaking of STEALING:

"In his book, Crisis Economics, Nouriel Roubini outlines the insane response to the recession by Republicans and Democrats.

"Because both parties simply threw money at the banks and hedge funds instead of punishing them, a condition of 'moral hazard' was created, meaning, that banks would assume another bailout would come their way if they destroyed the economy again -- too big too fail, remember?

"Roubini explains how the Democrats allowed the 'too big' banks to get even bigger; how Wall Street salaries based on short-term profits went unregulated; how the regulations that were put into place were inadequate and filled with loopholes; how nothing of any significance changed.

"Roubini has also written extensively about how the post-bailout Federal Reserve policies were fueling a commodity bubble that may be in the midst of bursting, possibly triggering a double dip recession.

"Essentially the big banks and rich investors were borrowing cheap dollars from the Fed and investing abroad in commodities with the hopes of higher returns. Roubini states:

“The risk is that we are planting the seeds of the next financial crisis...this asset bubble is totally inconsistent with a weaker recovery of economic and financial fundamentals." (October 27, 2009)."

Your CONSERVATIVE YELLOW is showing ever more brightly.
Dear.

The Rich Are Destroying the Economy | Common Dreams

ah yes, COMMON (COMMIE DREAMS) again..

 

[editec]

The moral hazards we allow (indeed encourage!) are ONLY those at the TOP of the economic food chain, that is obvious.

 

[martybegan]

If someone twice your size and half your age beats you senseless and transfers all the money in your pockets into his, will you bleat "life ain't fair" from your hospital bed?

The richest 1% of Americans earned about 9% of annual US income in 1979.
They earn over 20% today and control about 40% of national wealth.
And they have seen their "fair share" of both increase since 2008.

I don't believe the rich have earned all that money.
They have bribed politicians to lower their tax rates to acquire some of it.
They have manipulated the Federal Reserve and commodity markets for some of it.
And they've spiked unemployment to levels unseen in generations for some of it.

This is a damn war.
Why are you afraid to fight back?

If its a war, why dont you do the honorable thing and get a gun and take the money you think is yours, instead of being a chickenshit coward and using the government to get it ?

Go to the fucking barracades for it, I dare you.

Guns are for pussies.
Possibly that explains your suggestion?

Why would you think one more gun in a country with more guns than citizens is likely to improve the situation?

It will be the rich who hire killers when enough of their political handmaidens are FLUSHED from government.

Which side will you fight on?

Whatever side your statist totalitarian side isnt on.

Again, you want to use the goverment to take money from people that you believe do not derserve it. Not for any noble purposes, but out of envy, greed and a basic hatred for any person with more than you. All I am asking is that you do it the honorable way, and rob them.

 

[georgephillip]

The problem is so much more complex than merely the rich have too much and the poor not enough, and the solutions to this development will take so much more than merely taxing the rich, that this sort of post (while certainly welcomed by the board partisans) really serves to DISINFORM more than to inform.

Ask yourselves WHY capital has gained do much while the bottom 80% or so is losing ground.

TAXATION is a very small part of the real problem.



'

I don't mean to understate the complexity of a solution to this problem.
That doesn't mean the problem isn't as simple as it is ancient:

"Baudelaire quipped that the devil wins at the point where he manages convince the world that he doesn’t exist.

"Today’s financial elites will win the class war at the point where voters believe it doesn’t exist – and believe that Obama is trying to help them rather than shepherd them into debt peonage as the economy settles into debt deflation."

The Class War doesn't exist for many of these fools, ed.
Who wins?

Michael Hudson: Obama's Greatest Betrayal

 

[NYcarbineer]

It's inarguable that in order to fix the fiscal mess, sacrifices have to be made.

It's reasonable and sensible that the sacrifice should be shared.

The problem with the conservative consensus is that the wealthy should be exempted from sharing the sacrifice.

Let the conservatives here tell us what the wealthy's share of the necessary sacrifice should be...

...they will either not answer, or claim that the wealthy shouldn't sacrifice anything.

THAT is class warfare.

 

[Claudette]

I have no problem with rich folks.

Wish we had a whole slew more of em.

Since they pay around 60% of the Fed taxes in this country, the more the merrier in my book.

As for fairness, well we have 50% of the folks in this country who pay no Fed taxes whatsoever.

Let let them suck it up and contribute to the cause. Fair is far after all and fair seems to be the word of the day for some folks.

 

[NYcarbineer]

I have no problem with rich folks.

Wish we had a whole slew more of em.

Since they pay around 60% of the Fed taxes in this country, the more the merrier in my book.

As for fairness, well we have 50% of the folks in this country who pay no Fed taxes whatsoever.

Let let them suck it up and contribute to the cause. Fair is far after all and fair seems to be the word of the day for some folks.

Those are mostly low to moderate income households with children. You want to raise their taxes ONLY.

See what I mean about conservatives?