Super rich nonsense (Great Read by Pat Boone)

Washington Times ^ | 6/30/04 | Pat Boone

[wagglebee]

I don't have a problem with super-wealthy people using their money to influence the political process. Have at it.

But they should be straight with us: If Bill Gates, Warren Buffett or "the fabulously wealthy" Teresa Heinz take a certain position on legislation, they ought to make it clear whether they will personally benefit in some way.

[wagglebee]

The wealth we have has already been taxed, to take nearly half of it from our heirs is plain socialism. Of course the attorneys and accountants would hate to see this tax go away even more than the left would.

[evolved_rage]

Basic 'Rat philosophy states that the way to riches is through crime, thus the Gubmint should take part of the Estate. If that is true, then all those 'Rat delegates going to Boston should be arrested because they generally are worth more than Pubbie delegates. Or at least strip search Corzine with an electrified crowbar, the pompous ass.

[wagglebee]

I really think that had John Heinz been a 'rat and Teresa had turned around and married a Republican, the left would be all over the place saying the "vast right wing conspiracy" had sabatoged the plane. Remember, they tried to talk about how Wellstone's death was suspicious.

[1066AD]

Agree. Doesn't life and genes take care of the inherited wealth phenomenon ? Seem to remember the rule of thumb is rags to riches to rags in three generations or so. Might take a bit longer if billions involved but the tax collector would take plenty in all those years.

[dirtbiker]

What these "righteous" leaders do not understand is that if the smaller companies are left alone to operate and not literally "taxed to death" by estate taxes, the government would reap much more money in the long run. Alas, all the bureaucrats see are dollar signs......and a way to make themselves look good to their voters by "punishing the rich"....

[muawiyah]

The problem is the superrich in this country are all a bunch of fascist scum.

They should be stripped of their wealth. I've proposed forcing them to distribute it to their 500 closest blood relatives.

[wagglebee]

Bingo! The big lesson of Reaganomics: lower taxes lead to increased revenues. But the left can't ever acknowledge this fact.

[what's up]

Hey...Pat Boone is a good writer!

[uvular]

Interesting information on Chairman Buffett.

Would also love to find out the financial interests of other folks such as Dan Rather, Oprah, NY Times Editor, outspoken movie stars, etc. Perhaps their agenda is more than just outright hatred of President Bush?

[wagglebee]

Yeah, I was impressed.

[mc5cents]

Hey...Pat Boone is a good writer!

Yup. Not bad. This is the same guy that used to "whitenize" all those black R&B songs. He made a killing at it. He is actually a pretty cool dude.

[Old Professer]

Anybody remember "White Buck Shoes?"

[boop]

I've heard the quote actually as shirtsleeves to shirtsleeves in 5 generations, but the idea is the same. Look at the Kennedy family. Because the children of Joe Kennedy are basically worthless, the Kennedy fortune has actually SHRUNK in real dollars since his death. It's not because of taxes, but because the heirs are socialists who squandered the money.

[Old Professer]

[vanmorrison]

"Seem to remember the rule of thumb is rags to riches to rags in three generations or so..."

The old saw was "From shirtsleeves to shirtsleeves in two generations." Which is what used to happen in the old days; the industrious father would build the wealth only to have it squandered by his profligate and spoiled sons.

[Jerr]

Isn't it amazing how many super-rich families have trust funds and other tax evasive, or at least tax minimizing vehicles along with lawyers, accountants, and even legislators on their payroll to help preserve their wealth and write tax laws to THEIR advantage.

Unfortunately, the many small business owners do not have that same kind of pull, and many HAVE to buy insurance to preserve their businesses after their death.

Too bad, many of the super-rich do not let their true interests be known to the public. They like to be hypocritical in private.

[john_virtue]

Pat Boone is one fella who puts his money where his mouth is!

God bless you, sir. You're an inspiration to patriotic Americans everywhere!

[ntnychik]

Ping

[devolve]

Odd

Bill Gates is backing GW Bush in 2004

But giving money to Sen. Patty Murray

http://pro.lookingat.us/PattyMurrayOBL.mp3

The democrats sure tried to destroy Microsoft in March 2000 and kicked off a stock market drop that came back under GW's tax cuts and optimism and business friendly policies

Check out what the Clinton/Reno attack on MSFT did on their stock values fom March 2000 until today

And John Kerry wants to do away with the tax cuts and raise taxes like Clinton did:

http://pro.lookingat.us/ClintonNoTaxes.wav

BONUS:

Multi-millionaire Hillary on being "poor and bankrupt!"

http://pro.lookingat.us/HillFinances.wav

[Happy2BMe]

What a mess - BUMP