Millionaires to Congress: Raise our taxes, please!

[kaz]

Just wondering why they feel the need to have 'government' tax them more when they can send in any amount they wish as extra. If they are so all fired up to give the government more then they should just go ahead an do it.

They are advocating for a fiscal policy for the country. Why are you trying to make their recommendations about them individually?

If they are advocating yet more taxes for the rich, why aren't they paying them now? What are they waiting for?

 

[DaGoose]

As Warren Buffet so famously pointed out he pays less of a percentage in taxes than his Secretary.

These millionaires don't need you guys to defend them. They've got hoardes of lobbyists, accountants and politicians in their pockets.

.

 

[DiamondDave]

As Warren Buffet so famously pointed out he pays less of a percentage in taxes than his Secretary.

These millionaires don't need you guys to defend them. They've got hoardes of lobbyists, accountants and politicians in their pockets.

.

If it were about equal % paid, they would be calling for the equal % flat tax with loophole elimination and code simplification... or be sending their guilt ridden monies in now

But it is not.. it is indeed about faux 'sacrifice' that will never happen

 

[Oddball]

As Warren Buffet so famously pointed out he pays less of a percentage in taxes than his Secretary.

These millionaires don't need you guys to defend them. They've got hoardes of lobbyists, accountants and politicians in their pockets.

.

And were it not for envious and avaricious little socialist turds, that money would most likely be directed toward productive and profitable pursuits instead.

Talk about enabling the people you claim to detest.

 

[gekaap]

If they are advocating yet more taxes for the rich, why aren't they paying them now? What are they waiting for?

Why do people make these arguments? There is no such thing as a voluntary "donation" to the treasury. You have to fill out a tax return every year, right? What do you think happens when you do that? The government holds you accountable for EXACTLY your legally mandated tax liability. No more, no less. Hell, this year when I did my taxes my return ended up being MORE than I expected, because I had made a mistake on my forms that would have cost me a couple hundred dollars. The IRS automatically made the adjustment.

 

[Robert]

Just wondering why they feel the need to have 'government' tax them more when they can send in any amount they wish as extra. If they are so all fired up to give the government more then they should just go ahead an do it.

They are advocating for a fiscal policy for the country. Why are you trying to make their recommendations about them individually?

Well since as we've been informed this is nothing more then symbolism rather then substance, Seems my and quite a few others suggestions of them simply giving more to the Government rather then having the government take it from them would provide a far great incentive for others to follow their lead. Why are you advocating that the Government take more when the option to give more can be used hmmm?

 

[Londoner]

Hedge Fund gamblers make more in one day than the average middle class family makes in 47 years.

Hedge Funds make money through extreme risk. They produce nothing. They don't educate our children or build life-saving technology. They represent phantom wealth. Welcome to the pure financialization of the economy where gambling is rewarded more than real investment.

Investment in jobs? Nope. That's not where the Bush tax cuts went. The Bush tax cuts went to largest derivatives fraud in modern history. Before the GOP changed the tax code, that money used to be more broadly distributed to middle class pockets. What did the middle class do with that money? They poured it into the real economy of goods and services. This represented demand. What does the capitalist do when faced with immense demand? What does the capitalist do when consumers have money to spend? He adds jobs and innovates in order to capture that money. Those days are over. Now all the money is stuck on top where it is used to bribe politicians and play the Wall Street casino. America got rid of the tax and regulatory system which put money in the hands of middle class consumers.

The GOP protects the wealth of the Hedge Fund Manager. They call it freedom. They tell us all that money will find its way into investments and jobs. They were wrong. Corporate America is sitting on more cash than at any time in the past 30 years. They aren't adding jobs. Why? Because the buying power of middle class consumers has been undermined by 30 years of tax and regulatory policy designed to benefit the Hedge Fund gambler. His money used to be taxed and converted into programs which stimulated middle class consumption. Those days are gone. Concentrated wealth captured Washington and the media. They convinced people that a system where Hedge Fund managers make more in a day than hard working families make in a lifetime is one which lifts all boats. Who knew that all that wealth - which could be pumping through the economy if it were in the hand of middle class consumers - would be stuffed into the pockets of politicians or piled into dynastic inheritances.

Americans don't get it. The economy requires middle class consumption. The middle class was created mostly by postwar tax policy (as well as pre-NAFTA protectionism).

We killed the goose that laid the golden egg. The money never trickled down, but too many voters are not permitted to see this failure. They are held prisoner in a hermetically sealed FOX bubble.

The game is over. They destroyed the postwar distribution system which ensured that the middle class had money to spend. America used to reward hard work with a decent living. Now it rewards hedge gamblers and derivative crooks.

 

[kaz]

As Warren Buffet so famously pointed out he pays less of a percentage in taxes than his Secretary.

These millionaires don't need you guys to defend them. They've got hoardes of lobbyists, accountants and politicians in their pockets.

.

If Warren Buffet is so amoral that he advocates taxing the rich then hires accountants to evade taxes then anything that scum bucket says should be ignored out of hand

 

[kaz]

If they are advocating yet more taxes for the rich, why aren't they paying them now? What are they waiting for?

Why do people make these arguments? There is no such thing as a voluntary "donation" to the treasury. You have to fill out a tax return every year, right? What do you think happens when you do that? The government holds you accountable for EXACTLY your legally mandated tax liability. No more, no less. Hell, this year when I did my taxes my return ended up being MORE than I expected, because I had made a mistake on my forms that would have cost me a couple hundred dollars. The IRS automatically made the adjustment.

Wrong, they actually do take donations to the treasury.

As for why do we make the argument, what do you think of someone who advocates making abortion illegal then has a fling and pays for his girlfriend's abortion? Would you have any criticism over that? These people are advocating taxes for themselves, which they could pay and don't. It's flat out hypocrisy, they are liars and frauds.

 

[Robert]

Hedge Fund gamblers make more in one day than the average middle class family makes in 47 years.

Hedge Funds make money through extreme risk. They produce nothing. They don't educate our children or build life-saving technology. They represent phantom wealth- the pure financialization of the economy designed to channel the immense surplus at the top into garbage. Investment in jobs? Nope. That's not where the Bush tax cuts went. They went to largest derivatives fraud in modern history. Before the GOP changed the tax code, that money used to be more broadly distributed to middle class pockets. And the middle class actually poured that money into the real economy of goods and services. This represented demand, which forced the capitalist to add jobs. Those days are over. Now all the money is stuck on top where it is used to bribe politicians and play the Wall Street casino.

The GOP protects the wealth of the Hedge Fund Manager. They call it freedom. They tell us all that money will find its way into investments and jobs. They were wrong. Corporate America is sitting on more cash than at any time in the past 30 years. They aren't adding jobs. Why? Because the buying power of middle class consumers has been undermined by 30 years of tax and regulatory policy designed to benefit the Hedge Fund gambler. His money used to be taxed and converted into programs which stimulated middle class consumption. Those days are gone. Concentrated wealth captured Washington and the media. They convinced people that a system where Hedge Fund managers make more in a day than hard working families make in a lifetime is one which lifts all boats. Who knew that all that wealth - which could be pumping through the economy if it were in the hand of middle class consumers - would be stuffed into the pockets of politicians or piled into dynastic inheritances.

Americans don't get it. The economy requires middle class consumption. The middle class was created mostly by postwar tax policy (as well as pre-NAFTA protectionism).

We killed the goose that laid the golden egg. The money never trickled down, but too many voters are not permitted to see this failure. They are held prisoner in a hermetically sealed FOX bubble.

The game is over. They destroyed the postwar distribution system which ensured that the middle class had money to spend. America used to reward hard work with a decent living. Now it rewards hedge gamblers and derivative crooks.

'Corporate America is sitting on more cash than at any time in the past 30 years.'

Well No shit you think? now why not explain why that's likely the case....could it have to do with the uncertainty in the market or the insane polices of this administration such as NHC which unless funds are available will quickly bankrupt most company s Business are not risk intolerant they are Stupid Intolerant which this administration seems to generate on a daily basis fix that and we will see the money flow back into the market place.

 

[DiamondDave]

If they are advocating yet more taxes for the rich, why aren't they paying them now? What are they waiting for?

Why do people make these arguments? There is no such thing as a voluntary "donation" to the treasury. You have to fill out a tax return every year, right? What do you think happens when you do that? The government holds you accountable for EXACTLY your legally mandated tax liability. No more, no less. Hell, this year when I did my taxes my return ended up being MORE than I expected, because I had made a mistake on my forms that would have cost me a couple hundred dollars. The IRS automatically made the adjustment.

Epic fail, uber-winger

How do you make a contribution to reduce the debt?

There are two ways for you to make a contribution to reduce the debt:

* You can make a contribution online either by credit card, checking or savings account at Pay.gov
* You can write a check payable to the Bureau of the Public Debt, and in the memo section, notate that it's a Gift to reduce the Debt Held by the Public. Mail your check to:

Attn Dept G
Bureau of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188

http://www.treasurydirect.gov/govt/resources/faq/faq_publicdebt.htm#DebtFinance

 

[SgtMeowenstein]

Hedge Fund gamblers make more in one day than the average middle class family makes in 47 years.

Hedge Funds make money through extreme risk. They produce nothing. They don't educate our children or build life-saving technology. They represent phantom wealth- the pure financialization of the economy designed to channel the immense surplus at the top into garbage. Investment in jobs? Nope. That's not where the Bush tax cuts went. They went to largest derivatives fraud in modern history. Before the GOP changed the tax code, that money used to be more broadly distributed to middle class pockets. And the middle class actually poured that money into the real economy of goods and services. This represented demand, which forced the capitalist to add jobs. Those days are over. Now all the money is stuck on top where it is used to bribe politicians and play the Wall Street casino.

The GOP protects the wealth of the Hedge Fund Manager. They call it freedom. They tell us all that money will find its way into investments and jobs. They were wrong. Corporate America is sitting on more cash than at any time in the past 30 years. They aren't adding jobs. Why? Because the buying power of middle class consumers has been undermined by 30 years of tax and regulatory policy designed to benefit the Hedge Fund gambler. His money used to be taxed and converted into programs which stimulated middle class consumption. Those days are gone. Concentrated wealth captured Washington and the media. They convinced people that a system where Hedge Fund managers make more in a day than hard working families make in a lifetime is one which lifts all boats. Who knew that all that wealth - which could be pumping through the economy if it were in the hand of middle class consumers - would be stuffed into the pockets of politicians or piled into dynastic inheritances.

Americans don't get it. The economy requires middle class consumption. The middle class was created mostly by postwar tax policy (as well as pre-NAFTA protectionism).

We killed the goose that laid the golden egg. The money never trickled down, but too many voters are not permitted to see this failure. They are held prisoner in a hermetically sealed FOX bubble.

The game is over. They destroyed the postwar distribution system which ensured that the middle class had money to spend. America used to reward hard work with a decent living. Now it rewards hedge gamblers and derivative crooks.

'Corporate America is sitting on more cash than at any time in the past 30 years.'

Well No shit you think? now why not explain why that's likely the case....could it have to do with the uncertainty in the market or the insane polices of this administration such as NHC which unless funds are available will quickly bankrupt most company s Business are not risk intolerant they are Stupid Intolerant which this administration seems to generate on a daily basis fix that and we will see the money flow back into the market place.

Uncertainty? The stock market has been on the rise for a while now.

Stock market up for third quarter in a row | 9news.com

Despite natural disasters, revolutions in the Middle East and the threat of soaring gas prices, the stock market is still on the rise. Investors have seen the markets steadily increase for nine consecutive months. People are responding to three continued quarters of growth. They're buying things again. Inventories are up, manufacturers are making things and people are starting to get happy," investment expert Al Woodward said.

 

[B. Kidd]

This is ridiculous.
Why would the GOP listen to anything The Agenda Project advocates?
The Agenda Project is a progressive org. that advocates voting against Republicans, not to mention running a 'F^ck Tea' campaign demonizing the Teaparty and supported the mosque being built near ground zero.
Sgt. Puss N' Boots, this OP is a non-starter.

 

[kaz]

If they are advocating yet more taxes for the rich, why aren't they paying them now? What are they waiting for?

Why do people make these arguments? There is no such thing as a voluntary "donation" to the treasury. You have to fill out a tax return every year, right? What do you think happens when you do that? The government holds you accountable for EXACTLY your legally mandated tax liability. No more, no less. Hell, this year when I did my taxes my return ended up being MORE than I expected, because I had made a mistake on my forms that would have cost me a couple hundred dollars. The IRS automatically made the adjustment.

Epic fail, uber-winger

How do you make a contribution to reduce the debt?

There are two ways for you to make a contribution to reduce the debt:

* You can make a contribution online either by credit card, checking or savings account at Pay.gov
* You can write a check payable to the Bureau of the Public Debt, and in the memo section, notate that it's a Gift to reduce the Debt Held by the Public. Mail your check to:

Attn Dept G
Bureau of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188

Government - Frequently Asked Questions about the Public Debt

I knew you could do it but was too lazy to look up how.

So for all gekaap's love of government and taxation, you think his next move is going to be to use one of your two solutions and kick things off with a significant personal contribution to demonstrate his conviction? I don't think so either...

 

[DaGoose]

As Warren Buffet so famously pointed out he pays less of a percentage in taxes than his Secretary.

These millionaires don't need you guys to defend them. They've got hoardes of lobbyists, accountants and politicians in their pockets.

.

And were it not for envious and avaricious little socialist turds, that money would most likely be directed toward productive and profitable pursuits instead.

Talk about enabling the people you claim to detest.

That sounds like the "envious and avaricious" attitude you direct towards working men and women that actually earn what they work for. But as it is you want to stomp down the trash collectors, teachers, road workers, etc.. You know, the ones who REALLY work at contributing to society.

.

 

[Dont Taz Me Bro]

Millionaires to Congress: Raise our taxes, please!
Think the GOP will listen?

What's stopping any of those people from sending extra money to the government?

 

[California Girl]

Why are they sad and misguided? They want our country to protect its fiscal health and for what they consider important government functions to be funded properly. If that is sad and misguided in your world, then I'd hate to see what you consider happy and wise.

You don't cure a drug addict by handing them drugs, you don't cure an alcoholic by buying them more alcohol. And you do not cure an addiction to spending by handing them more money. You cure it by insisting they cut up the credit cards, and stop spending. Once they have proved that they can handle other people's money responsibly, then - and only then - should anyone consider helping to pay down the debt.

 

[Londoner]

'Corporate America is sitting on more cash than at any time in the past 30 years.'

Well No shit you think? now why not explain why that's likely the case....could it have to do with the uncertainty in the market or the insane polices of this administration such as NHC which unless funds are available will quickly bankrupt most company s Business are not risk intolerant they are Stupid Intolerant which this administration seems to generate on a daily basis fix that and we will see the money flow back into the market place.

Bush had the worst job creation of any president in the last 1/2 century not because he was a bad president, but because the middle class has seen a 30yr erosion of buying power. The postwar consumption economy was built upon the fact that American wages (supplanted by government assistance programs) translated into immense demand. In the absence of middle class buying power, the capitalist has no incentive to add jobs.

What happened to middle class buying power? In the 70s, American manufactures started seeing lower profits. So they poured money into the Republican party in order to reduce labor costs and cut social programs. This is when we started to see massive capital flight to 3rd world sweat-shops. Share holders of Nike and Levis saw a king's ransom, but the middle class lost solid jobs and buying power.

What did we do in the 80's when we realized that this war for lower labor costs was undermining middle class buying power? We started handing out more credit cards. Morning in America was actually a 30 year experiment of debt fueled consumption.

What happened when we our Master Cards and Visas could no longer drive the economy? We turned to the last source of wealth we had left: our homes.

Now we have nothing.

In conclusion: if you want a thriving domestic consumption economy, you can't do what business and Reagan did: you can't decrease the buying power of the middle class by systematically undermining their wages, benefits, and social programs. And you can't try to boost their diminished buying power through debt instruments.

Very simple

1945-1980: Postwar consumption economy. Government policies focus on middle class demand. They create the legislative conditions for high wages, benefits, and demand centered assistance programs. (as well as vigorous laws that prevented monopolies, anti-competitive mega mergers, and anti-consumer behavior. Let's not forget protectionism, like the kind Reagan enacted to protect the big 3 from cheap Japanese imports). Result of government investment in middle class demand: American economy sees 5% growth, greatest ever. 50-60s > the golden age of capitalism: all boats were lifted, not just a narrow enclave of corporations and their shareholders.

1980-2008: Government focuses on the suppliers ("Supply side economics"). Cut wages, benefits, regulations, and middle class assistance programs for the purpose of giving the suppliers tax breaks and less efficiency-sapping regulations. The premise: if you lighten the load of business, they will have more money for investment, innovation, and job creation.

1980-2008 Part II: The effort to give capitalists lower labor costs (so they can compete globally) means the middle class has less money to spend. Problem: the American economy was built on the premise that the middle class has x% money for consumption. How do we make up for the loss of consumtion power? Answer: credit cards (massive debt).

The Hard Truth: Son, we tried to fix the inherent flaw of Reaganomics (which lowered the compensation of the middle class, and thus lowered their buying power) with debt instruments. This is why we have so thoroughly financialized the economy: because when all the money concentrates in too few pockets, you need to create lots of phantom wealth, bubbles, and other fiats to fuel the economy.

America swallowed poison in 1980.

 

[Douger]

Just send it straight to the IsNtReally parliament.

 

[ClosedCaption]

No don't tax them even if they ask for it because they don't know any better.

Lol