Shrink the Rich; Not Government

[Soggy in NOLA]

You're welcome, Slave.

Sorry comrade, I'm self-employed.

BTW.... the line for toilet paper and Vodka is getting longer, you'd better go stake out your place!

And the FIRE sector says thank you very much, SLAVE, for paying our share of America's tax burden.

fwiw...if you drive real fast, maybe you can scoop up that last box of ammo at Walmart.

Wow, finally some recognition from the parasites!

Your welcome!

BTW.. I get my ammo from Puglia's.. they're locally owned and operated.

 

[Soggy in NOLA]

"The solution is to reorganize the economy so the benefits of growth are more widely shared.

"Exempt the first $20,000 of income from payroll taxes, and apply payroll taxes to incomes over $250,000. I all ready get more back than I pay in. Are looking to make a slave out of the poor?

"Extend Medicare to all. This is just ignorance of how poorly medicare works.

"Extend the Earned Income Tax Credit all the way up through families earning $50,000. Get rid of it and the government spends less.

"Make higher education free to families that now can’t afford it. It's not free, someone pays.

"Rehire teachers. NY has teachers that get paid but don't work and it cost them at least $100 million a year. So lets think of a better idea.
"Repair and rebuild our infrastructure. Unions price gouge and never finish on time costing more money.

"Create a new WPA to put the unemployed back to work. What's a "WPA"?

Where would we find the money for all this? Obama can pull some from his stash.

"Pay for this by raising marginal income taxes on millionaires (under Eisenhower, the highest marginal rate was 91 percent, and the economy flourished).

"A millionaire marginal tax of 70 percent would eliminate the nation’s future budget deficit. Never ask someone to do something you yourself would not be willing to do. Would you give up 70% of your pay? If not, then you can't morally ask someone else to do so.

"In addition, impose a small tax on all financial transactions (even a tiny one — one half of one percent — would bring in $200 billion a year, enough to rehire every teacher who’s been laid off as well as provide universal pre-school for all toddlers). So you can start the conditioning early.

"Promote unions for low-wage workers." The government has no business promoting unions.

Where would we find the money?

By shrinking the rich instead of government. Goverment jobs and cool hats with stars on them FOR EVERYONE

WPA - Works Project Administration. Depression era stuff, "shovel ready", etc.

 

[Two Thumbs]

"The solution is to reorganize the economy so the benefits of growth are more widely shared.

"Exempt the first $20,000 of income from payroll taxes, and apply payroll taxes to incomes over $250,000. I all ready get more back than I pay in. Are looking to make a slave out of the poor?

"Extend Medicare to all. This is just ignorance of how poorly medicare works.

"Extend the Earned Income Tax Credit all the way up through families earning $50,000. Get rid of it and the government spends less.

"Make higher education free to families that now can’t afford it. It's not free, someone pays.

"Rehire teachers. NY has teachers that get paid but don't work and it cost them at least $100 million a year. So lets think of a better idea.
"Repair and rebuild our infrastructure. Unions price gouge and never finish on time costing more money.

"Create a new WPA to put the unemployed back to work. What's a "WPA"?

Where would we find the money for all this? Obama can pull some from his stash.

"Pay for this by raising marginal income taxes on millionaires (under Eisenhower, the highest marginal rate was 91 percent, and the economy flourished).

"A millionaire marginal tax of 70 percent would eliminate the nation’s future budget deficit. Never ask someone to do something you yourself would not be willing to do. Would you give up 70% of your pay? If not, then you can't morally ask someone else to do so.

"In addition, impose a small tax on all financial transactions (even a tiny one — one half of one percent — would bring in $200 billion a year, enough to rehire every teacher who’s been laid off as well as provide universal pre-school for all toddlers). So you can start the conditioning early.

"Promote unions for low-wage workers." The government has no business promoting unions.

Where would we find the money?

By shrinking the rich instead of government. Goverment jobs and cool hats with stars on them FOR EVERYONE

WPA - Works Project Administration. Depression era stuff, "shovel ready", etc.

So we are supposed to try it again? Obama did that and flopped. It made no dent, but it went over budget, months over.

One of the "shovel ready" jobs here was a bridge. In the beginning there was a sign that it would be done by Sep 1st, on Sep 23rd they took the sign down and still are not done. Can't imagine what was supposed to be a 2-3 month job is costing us now.

 

[editec]

Poor rich people.

They're so abused in this nation of collectivists that all they get is 25% of all income earned.

My heart truly bleeds for them.

 

[Oddball]

Yeah....Earned.

As opposed to expropriated; the favored route of socialistic welfare state parasites.

 

[cutter]

If they were to tax YOU 90% of your income would you go to work? OR, would you move someplace where the government let you keep more of your money. The goal of the left seems to be making sure EVERYONE is broke and NOBODY is allowed to be successful. The answer is let people keep more of their money and give the poor some incentive to get out and work smarter. If you give people everything they need to live they have no reason to be personally successful.

 

[daveman]

Thirty years ago the top 1% of US workers earned 9% of total annual income. Today's top 1% hoard nearly a quarter of the total.

"Meanwhile the earnings of the typical worker have barely budged."

Robert Reich has some explanations and solutions that elected Republicans AND Democrats aren't likely to try:

"The vast middle class no longer has the purchasing power to keep the economy going. (The rich spend a much lower portion of their incomes.)

"The crisis was averted before now only because middle-class families found ways to keep spending more than they took in – by women going into paid work, by working longer hours, and finally by using their homes as collateral to borrow.

"But when the housing bubble burst, the game was up.

"The solution is to reorganize the economy so the benefits of growth are more widely shared.

"Exempt the first $20,000 of income from payroll taxes, and apply payroll taxes to incomes over $250,000.

"Extend Medicare to all.

"Extend the Earned Income Tax Credit all the way up through families earning $50,000.

"Make higher education free to families that now can’t afford it.

"Rehire teachers.
"Repair and rebuild our infrastructure.

"Create a new WPA to put the unemployed back to work.

Where would we find the money for all this?

"Pay for this by raising marginal income taxes on millionaires (under Eisenhower, the highest marginal rate was 91 percent, and the economy flourished).

"A millionaire marginal tax of 70 percent would eliminate the nation’s future budget deficit.

"In addition, impose a small tax on all financial transactions (even a tiny one — one half of one percent — would bring in $200 billion a year, enough to rehire every teacher who’s been laid off as well as provide universal pre-school for all toddlers).

"Promote unions for low-wage workers."

Where would we find the money?

By shrinking the rich instead of government.

Why the Tax Deal

 

[Meister]

Poor rich people.

They're so abused in this nation of collectivists that all they get is 25% of all income earned.

My heart truly bleeds for them.

Class envy? It's Okay, it's what the liberals do.

 

[Avatar4321]

So you want to shrink the amount of money being generated in the nation and spend more money...? Have you thought this through?

Less rich = less revenues
Less revenues + more spending = higher deficits
Higher deficits = lower credit rating
Lower credit rating = higher interest rates
Higher interest payments = even less money to spend

You are creating a vicious cycle. We dont need wealth redistributed. We need individuals free to pursue their dreams. The stronger we empower individuals. The stronger our government will be. The more you empower the government at the expense of the individuals, the weaker it will be.

Should we follow your recommendations, the ponzi scheme will collapse and we will have generations of debt with no benefits for it.

 

[loosecannon]

Why not shrink both?

 

[Quantum Windbag]

Thirty years ago the top 1% of US workers earned 9% of total annual income. Today's top 1% hoard nearly a quarter of the total.

"Meanwhile the earnings of the typical worker have barely budged."

Robert Reich has some explanations and solutions that elected Republicans AND Democrats aren't likely to try:

"The vast middle class no longer has the purchasing power to keep the economy going. (The rich spend a much lower portion of their incomes.)

"The crisis was averted before now only because middle-class families found ways to keep spending more than they took in – by women going into paid work, by working longer hours, and finally by using their homes as collateral to borrow.

"But when the housing bubble burst, the game was up.

"The solution is to reorganize the economy so the benefits of growth are more widely shared.

"Exempt the first $20,000 of income from payroll taxes, and apply payroll taxes to incomes over $250,000.

"Extend Medicare to all.

"Extend the Earned Income Tax Credit all the way up through families earning $50,000.

"Make higher education free to families that now can’t afford it.

"Rehire teachers.
"Repair and rebuild our infrastructure.

"Create a new WPA to put the unemployed back to work.

Where would we find the money for all this?

"Pay for this by raising marginal income taxes on millionaires (under Eisenhower, the highest marginal rate was 91 percent, and the economy flourished).

"A millionaire marginal tax of 70 percent would eliminate the nation’s future budget deficit.

"In addition, impose a small tax on all financial transactions (even a tiny one — one half of one percent — would bring in $200 billion a year, enough to rehire every teacher who’s been laid off as well as provide universal pre-school for all toddlers).

"Promote unions for low-wage workers."

Where would we find the money?

By shrinking the rich instead of government.

Why the Tax Deal

Make everyone poor, what a wonderful idea. Where do you expect to get taxes from after everyone is living below the poverty line?

 

[Quantum Windbag]

Incase you ******* Becky ass miners have not noticed the wealthy have gained an pantload over the last decade.

Pantload of what? It looks to me that what they have gotten is a truckload of crap from people like you.

 

[Quantum Windbag]

"The vast middle class no longer has the purchasing power to keep the economy going. (The rich spend a much lower portion of their incomes.)

That's because they're being taxed into the poor house, asswipe.

You apparently think the richest 1% of US earners actually deserve 25% of total income?

Is that because they work so hard?

Or is it tax bias Republicans AND Democrats continually provide for their political base?

Any problem with exempting the first $20,000 of income from payroll taxes?

Why not? They pay 50% of the total taxes.

 

[Two Thumbs]

Where does this "mentality" come from?

Did you fail at life and feel you deserve to be cared for by everyone else?
Did a rich person piss you off as they speeded by your hoopty in thier Mercedes?
Were you taught this as a child?
Are you a member of a cult?

Seriously; What makes you think that the government gives a **** about you, that you want them to have more money?

 

[Gadawg73]

Let me tell you how to get rich in America. It is very simple.
Start working full time at age 18. Go to college at night and weekends. Work 2 jobs while young.
Drive old cars and do not borrow $. 1st residence buy in an older urban neighborhood for a cheap price. Build equity and then move.
DO NOT HAVE CHILDREN UNTIL AFTER AGE 30.
Do not buy cameras, TVs, ANYTHING new until you have at least 50 % equity in your home. Save a dollar here and there and then at age 30 save twenty dollars here and there and at age 40 save a hundred dollars here and there. Before long you will have 100K saved in cash at age 45.
Do not spend $$ on watches, leather coats, ANYTHING faddy ever. Save that $$. Do not ever carry a balance on a charge card. Do not eat at fancy restaurants unless you have 50% equity in your home.
I did all of that and my net worth is over a million now easy in a bad economy. I drive a 1999 Sienna van with 250K on it. I make 1/2 what my neighbor makes and he is broke, owes 200K on his business, 350K on his home and 100K on charge cards. He drives new cars, his wife has an Infinity sports car, his kids wear designer clothes and he has NO $$ for Christmas.
A disciplined American would have to be deaf, dumb and blind NOT to get wealthy here.

 

[Charles_Main]

"The vast middle class no longer has the purchasing power to keep the economy going. (The rich spend a much lower portion of their incomes.)

That's because they're being taxed into the poor house, asswipe.

You apparently think the richest 1% of US earners actually deserve 25% of total income?

Is that because they work so hard?

Or is it tax bias Republicans AND Democrats continually provide for their political base?

So your solution is to punish them for being productive, So we can give money to the none productive. Sweet

Any problem with exempting the first $20,000 of income from payroll taxes?

not at all.

 

[georgephillip]

Thirty years ago the top 1% of US workers earned 9% of total annual income. Today's top 1% hoard nearly a quarter of the total.

"Meanwhile the earnings of the typical worker have barely budged."

Robert Reich has some explanations and solutions that elected Republicans AND Democrats aren't likely to try:

"The vast middle class no longer has the purchasing power to keep the economy going. (The rich spend a much lower portion of their incomes.)

"The crisis was averted before now only because middle-class families found ways to keep spending more than they took in – by women going into paid work, by working longer hours, and finally by using their homes as collateral to borrow.

"But when the housing bubble burst, the game was up.

"The solution is to reorganize the economy so the benefits of growth are more widely shared.

"Exempt the first $20,000 of income from payroll taxes, and apply payroll taxes to incomes over $250,000.

"Extend Medicare to all.

"Extend the Earned Income Tax Credit all the way up through families earning $50,000.

"Make higher education free to families that now can’t afford it.

"Rehire teachers.
"Repair and rebuild our infrastructure.

"Create a new WPA to put the unemployed back to work.

Where would we find the money for all this?

"Pay for this by raising marginal income taxes on millionaires (under Eisenhower, the highest marginal rate was 91 percent, and the economy flourished).

"A millionaire marginal tax of 70 percent would eliminate the nation’s future budget deficit.

"In addition, impose a small tax on all financial transactions (even a tiny one — one half of one percent — would bring in $200 billion a year, enough to rehire every teacher who’s been laid off as well as provide universal pre-school for all toddlers).

"Promote unions for low-wage workers."

Where would we find the money?

By shrinking the rich instead of government.

Why the Tax Deal

IF you shrink the governmnet you also shrink the rich. Our politicians and government workers all make far above the national wage average so by shrinking them you shrink the rich.

I say make it so if you work for the government you can not make more than the national average salary for your pay.....all the way from the school janitor to the President of the United States.

Hey george...what do you think of this?

Pilgrim:

The "Rich" I'm talking about earn $50 million/year with $350,000,000 in assets and have seen their "share" of the economic pie increase 550% since 1978.

It's alleged these plutocrats pay 20% of their earnings in taxes which means the remaining 99.99 percent of Americans have to pay their share of government AND what the richest 0.01% don't pay.

While government unions may contribute significantly to our deficit, the plutocrats not only blow up the budget they also make a sham out of Democracy.

I'm also not clear on what your "national average salary" would be for the president? Many private chief executives earn far more than the US President. What about VP or members of congress?

How about Secretary of Defense and all the rich generals and admirals around the Pentagon? Are you volunteering to tell those assholes they're taking a 40% to 50% cut in pay?

Hope your insurance is at least as good as theirs.

Phil's Stock World

 

[boedicca]

IF you shrink the governmnet you also shrink the rich. Our politicians and government workers all make far above the national wage average so by shrinking them you shrink the rich.

I say make it so if you work for the government you can not make more than the national average salary for your pay.....all the way from the school janitor to the President of the United States.

Hey george...what do you think of this?

Pilgrim:

The "Rich" I'm talking about earn $50 million/year with $350,000,000 in assets and have seen their "share" of the economic pie increase 550% since 1978.

It's alleged these plutocrats pay 20% of their earnings in taxes which means the remaining 99.99 percent of Americans have to pay their share of government AND what the richest 0.01% don't pay.

While government unions may contribute significantly to our deficit, the plutocrats not only blow up the budget they also make a sham out of Democracy.

I'm also not clear on what your "national average salary" would be for the president? Many private chief executives earn far more than the US President. What about VP or members of congress?

How about Secretary of Defense and all the rich generals and admirals around the Pentagon? Are you volunteering to tell those assholes they're taking a 40% to 50% cut in pay?

Hope your insurance is at least as good as theirs.

Phil's Stock World

If those are The Rich, then how is that all the energy is being spent on raising taxes for people making $250K?

 

[skookerasbil]

Thirty years ago the top 1% of US workers earned 9% of total annual income. Today's top 1% hoard nearly a quarter of the total.

"Meanwhile the earnings of the typical worker have barely budged."

Robert Reich has some explanations and solutions that elected Republicans AND Democrats aren't likely to try:

"The vast middle class no longer has the purchasing power to keep the economy going. (The rich spend a much lower portion of their incomes.)

"The crisis was averted before now only because middle-class families found ways to keep spending more than they took in – by women going into paid work, by working longer hours, and finally by using their homes as collateral to borrow.

"But when the housing bubble burst, the game was up.

"The solution is to reorganize the economy so the benefits of growth are more widely shared.

"Exempt the first $20,000 of income from payroll taxes, and apply payroll taxes to incomes over $250,000.

"Extend Medicare to all.

"Extend the Earned Income Tax Credit all the way up through families earning $50,000.

"Make higher education free to families that now can’t afford it.

"Rehire teachers.
"Repair and rebuild our infrastructure.

"Create a new WPA to put the unemployed back to work.

Where would we find the money for all this?

"Pay for this by raising marginal income taxes on millionaires (under Eisenhower, the highest marginal rate was 91 percent, and the economy flourished).

"A millionaire marginal tax of 70 percent would eliminate the nation’s future budget deficit.

"In addition, impose a small tax on all financial transactions (even a tiny one — one half of one percent — would bring in $200 billion a year, enough to rehire every teacher who’s been laid off as well as provide universal pre-school for all toddlers).

"Promote unions for low-wage workers."

Where would we find the money?

By shrinking the rich instead of government.

Why the Tax Deal

s0n.........ummm.........you need to take a gandor over to RealClearPolitics.......check out the polls and the stats. We had an election a little over a month ago. The results said, "We, the American people, are sick of the class warfare BS."

Even in places like New York, the greedy unions are about to get a royal kick in the balls......by a governor who is a Democrat as a matter of fact. Chris Christie in New Jersey has been kicking the unions in the balls at a steady pace since he took office and he's getting high marks for doing so.

When you try to stick it to the rich, the regular guy gets fcukked. The k00ks dont understand this dynamic. Meanwhile.........and as we've found out the last 24 months.......government solutions to economic problems dont work, nor have they ever worked in the history of the world.

 

[georgephillip]

Yeah....Earned.

As opposed to expropriated; the favored route of socialistic welfare state parasites.

The richest 10,000 Americans "earn" on average $50,000,000 a year. Any reason they couldn't be just as happy with 30% of $50 million? Especially since most of their income isn't "earned" at all. It's what Adam Smith called the money landlords earn in their sleep.