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  • Texas teen gets 10 years probation for driving drunk, killing 4.

    12/12/2013 6:36:28 AM PST · by umpqua · 16 replies
    CNN ^ | 12/12/13 | Dana Ford
    To the families of the victims, Ethan Couch was a killer on the road, a drunken teenage driver who caused a crash that left four people dead. To the defense, the youth is himself a victim -- of "affluenza," according to one psychologist -- the product of wealthy, privileged parents who never set limits for the boy.
  • The Eduardo Saverin Question

    05/18/2012 3:27:19 PM PDT · by Kaslin · 20 replies
    Rush Limbaugh.com ^ | May 18, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Eduardo Saverin, one of the original Facebook founders, holds, what, 3% of the company now, still makes him a billionaire. Eduardo Saverin's family fled his native land, I believe that's Brazil, not sure. His family came to the United States to escape oppression wherever they were. Eduardo Saverin goes to Harvard, meets Zuckerberg. They start Facebook. He becomes a billionaire. Eduardo Saverin moves to Singapore. Last week Eduardo Saverin renounced his American citizenship because of taxes. The capital gains tax, when this IPO goes and his share value is actually monetized and not just on paper, will...
  • Congressman Spends $200,000 a Year on Food (video)

    09/20/2011 10:06:07 AM PDT · by Colonel Kangaroo · 46 replies
    Gawker.com ^ | September 19, 2011 | John Cook
    Rep. John Fleming, a Louisiana Republican who owns a string of Subway and UPS franchises, was on MSNBC this morning to explain how earning $6.3 million a year—which he did in 2010—isn't all it's cracked up to be and to tell Barack Obama to lay off the class warfare. For instance: $200,000 of that goes to food. Being "rich" doesn't sound so great now, does it? Here's how Fleming put it: I would say that...my net income—[t]he amount that I have to reinvest in my business and feed my family—is more like $600,000 of that $6.3 million. And so by...
  • The Rich Pay Their Fair Share

    10/06/2008 10:04:54 PM PDT · by Unam Sanctam · 9 replies · 565+ views
    WSJ Opinion ^ | 10/7/08 | Andrew Biggs and Kent Smetters
    ... The media typically report how each candidate's plan would change the tax code relative to current law: the size of the typical tax cut or increase that accrues to low, middle or high earners. So it is widely reported that John McCain would mostly cut taxes for the rich while Barack Obama would mostly cut taxes for the middle class. But how much a given income group gains or loses from a specific tax reform tells us nothing about either the fairness or efficiency of the tax code after such changes have been implemented. ...But can we conclude that...