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Keyword: rich

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  • Single Michigan mom, 24, with two jobs wins $66 MILLION lottery

    08/01/2014 4:52:42 AM PDT · by SoFloFreeper · 95 replies
    NY Daily News ^ | 7/31/14 | Sasha Goldstein
    Kelsey Zachow bought the ticket on Friday the 13th last month, but didn't even know she had the winning slip until 11 days later. The mom of a 7-month-old, Zachow will take home $27 million in the lump sum payment after taxes, and plans to quit her jobs.
  • If we really want to soak the rich, we should abolish the corporate income tax

    07/08/2014 7:02:55 AM PDT · by SeekAndFind · 6 replies
    National Post ^ | 07/08/2014 | Andrew Coyne
    Why do we tax corporations? No, seriously — why? If you’re like most people and all New Democrats, your response will be “because that’s where the money is,” or some variant thereon. Corporations have lots of money, the thinking runs, and are unlikely to mind if the government helps itself to some of it. And since they don’t vote, it doesn’t much matter if they do mind. An economist, on the other hand, would point out that, one way or another, all of the income earned by a corporation finds its way back to the people who financed it, whether...
  • The Pitchforks Are Coming...For Us Plutocrats

    06/29/2014 8:45:11 PM PDT · by hoagy62 · 38 replies
    Politico.com ^ | 6/29/14 | Nick Hanauer
    You probably don’t know me, but like you I am one of those .01%ers, a proud and unapologetic capitalist. I have founded, co-founded and funded more than 30 companies across a range of industries—from itsy-bitsy ones like the night club I started in my 20s to giant ones like Amazon.com, for which I was the first nonfamily investor. --snip-- But let’s speak frankly to each other. I’m not the smartest guy you’ve ever met, or the hardest-working. I was a mediocre student. I’m not technical at all—I can’t write a word of code. What sets me apart, I think, is...
  • The Definition of ‘Rich’ Changes With Income

    06/18/2014 6:17:33 AM PDT · by SeekAndFind · 15 replies
    New York Times ^ | 06/18/2014 | Lynn Vavreck
    “Congratulations, Joe! You’re rich!” John McCain said to Joe Wurzelbacher in the 2008 presidential campaign. Joe was thinking of buying a small plumbing business. He was dismayed to learn from Barack Obama that the candidate’s plan to raise marginal tax rates on individuals earning more than $200,000 a year was described as “taxing the rich.” Mr. Wurzelbacher didn’t think he was rich, which makes him a lot like the rest of us. Only 5 percent of Americans describe themselves as “rich.” While ideas about how much money it takes to be rich fluctuate depending on current income, most Americans agree...
  • Why China’s rich are leaving

    06/06/2014 7:16:08 AM PDT · by SeekAndFind · 28 replies
    FORTUNE ^ | 06/06/2014 | by Scott Cendrowski
    Pollution, tainted food and education are causing many of the country’s wealthy to flee, survey finds. Earlier this year, the best company at surveying the rich in China announced that more than 60% of the people it surveyed had already immigrated to another country, or were considering doing so. The question for the Hurun Report, which publishes an annual China rich list, was why? Was pollution driving people abroad, weariness over China’s political crackdowns, or something else entirely? It turns out the questions also nagged Rupert Hoogewerf, founder of Hurun. At the time, his best guess was that pollution and...
  • The Idiots Guide to Wealth Creation; or How to Become a United States Senator

    05/24/2014 5:42:58 AM PDT · by Kaslin · 17 replies
    Townhall.com ^ | May 24, 2014 | John Ransom
    As long as one sorely needs a certain additional amount, that man isn’t rich. Seventy times seventy millions can’t make him rich, as long as his poor heart is breaking for more. I am just about rich enough to buy the least valuable horse in your stable, perhaps, but I cannot sincerely and honestly take an oath that I need any more now. And so I am rich. But you, you have got seventy millions and you need five hundred millions, and are really suffering for it. Your poverty is something appalling.—Mark Twain to Cornelius Vanderbuilt He lies in little...
  • 7 Filthy Rich Liberals Railing Against 'The Rich' In Quotes

    05/13/2014 4:19:38 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | May 13, 2014 | John Hawkins
    One of the biggest myths in politics is that Republicans are the "party of the rich." If only....then the rich might be voting for us and pouring massive money into the Republican Party. But, but, but...KOCH BROTHERS! Yes, the evil, terrible, awful Koch Brothers who live in Harry Reid's head for free and eat the dreams of Occupy protesters. In actuality, those guys are only the 59th biggest donors in American politics. Just the six biggest union donors in American politics combined give 15 times more money than the Koch brothers have – and, of course, that money went almost...
  • Stop Whining About The 1%; Instead Work Like The Rich

    04/26/2014 10:45:41 AM PDT · by Innovative · 34 replies
    Investor's Business Daily ^ | April 25, 2014 | IBD Editorial
    Avarice: Many people, it seems, can't get over how well investors are doing these days — as if they shouldn't be able to do OK if others aren't. Instead of taking offense, maybe the others ought to be taking notes. Let's see if we have this right: Some people work to exhaustion, earning money for their security and that of their families. And instead of spending it on stuff they don't need, they set it aside. The latest idea — coming from a French economist — is that eight of every 10 of their dollars should be taken away and...
  • In Richest US Community, 31 Percent Work for Government

    04/23/2014 8:09:04 AM PDT · by SeekAndFind · 30 replies
    Townhall ^ | 04/23/2014 | Terry Jeffrey
    Those who live in this nation's richest county and those who live its poorest have an important thing in common: a disproportionate dependence on government. In the United States as a whole, according to Census Bureau estimates for the five-year period from 2008 through 2012, 14.9 percent of the people who had civilian jobs worked for government. Another 78.7 worked for private employers and 6.3 percent worked for themselves in their own unincorporated businesses. In America's richest county, this pattern did not hold. Nor did it in the poorest. At the end of last year, the Census Bureau released two...
  • US oligarchy study: Eye-opening study reveals disturbing facts about the US

    04/16/2014 5:54:13 AM PDT · by knittnmom · 31 replies
    Jacksonville Top News Examiner ^ | April 15, 2014 | Christian Savoy
    A first of its kind US oligarchy study yielded a rather troubling discovery and the results of the study are definitely cause for concern for most Americans. The US oligarchy study was conducted by researchers from Princeton and Northwestern Universities and the study showed that the United States is not a republic in substance, but rather an oligarchy where the rich rule and the majority of Americans have virtually no impact on policy decisions, today's report from FDL explained.
  • House Democrats' committee sitting on $40M fund

    04/16/2014 4:57:28 AM PDT · by TurboZamboni · 14 replies
    Pioneer Press ^ | 4-16-14 | Philip Elliott
    WASHINGTON (AP) — Donors gave more than $10 million in March to the committee tasked with electing House Democrats and helped it amass a $40 million fund to fight skepticism that Republicans can be ousted from their majority in November. The Democratic Congressional Campaign Committee raised $10.3 million in March, putting it atop the fundraising contest among party-directed campaign committees. That sum also outpaced most three-month fundraising tallies released thus far from super PACs, which can accept unlimited donations. Donations to House Democrats' campaign committee are capped at $32,400. "The DCCC has sustained a blistering fundraising pace this election cycle...
  • It's Time for the Poor to Pull Their Own Weight

    04/15/2014 9:10:26 AM PDT · by Kaslin · 34 replies
    Townhall.com ^ | April 15, 2014 | Armstrong Williams
    All too often, rich individuals in this country are demonized for simply being rich. If some sort of financial catastrophe happens, such as the latest recession in 2009, the rich are to blame. If the government is running large deficits, the rich are not paying their “fair share”. If an individual is poor and cannot find employment, it is because the rich hoard all their profits and don’t share with anyone else. It’s time to set the record straight by looking at the facts. The top 1% of all individual income earners in this country pay nearly37% of all federal...
  • 5 countries that gained the most millionaires (Where are the world's rich moving?)

    03/30/2014 6:42:53 PM PDT · by SeekAndFind
    CNBC ^ | 03/30/2014 | Robert Frank
    Are you thinking of going to college? If so, please consider that decision very carefully. You probably have lots of people telling you that an "education" is the key to your future and that you will never be able to get a "good job" unless you go to college. And it is true that those that go to college do earn more on average than those that do not. However, there is also a downside. At most U.S. colleges, the quality of the education that you will receive is a joke, the goal of most colleges is to extract as...
  • New York City’s rich get blasted for doing good

    03/19/2014 2:12:34 PM PDT · by SeekAndFind · 12 replies
    New York Post ^ | 03/19/2014 | Charles Gasparino
    <p>Consider what passes for a scandal in New York City these days: The rich, conservative Koch family funding a wing of a city hospital. Wall Street types financing charter schools for poor kids in the South Bronx and Harlem. Non-union Walmart trying to open a store in a low-income neighborhood, which would deliver both cheaper goods and jobs to the locals.</p>
  • New York City Mayor de Blasio has a Twisted need to Punish the Rich

    03/08/2014 10:47:17 AM PST · by SeekAndFind · 34 replies
    American Thinker ^ | 03/08/2014 | David Lawrence
    Mayor de Blasio is not interested in children’s getting a better education. If he were, he would endorse the charter schools and allow Cuomo to fund them. But he couldn't care less about quality education – otherwise, why turn against the charter schools that are educating minorities better than any of the other schools? De Blasio’s whole desire is to tax the rich. He has some twisted need to punish them. He has the communist hatred of wealth. He is a man who emotionally identified with the communists when he traveled to Cuba, Russia, and Nicaragua. He is a big...
  • These four charts show how the College SAT favors rich, educated families

    03/06/2014 7:08:04 AM PST · by SeekAndFind · 78 replies
    Washington Post ^ | 03/06/2014 | BY ZACHARY GOLDFARB
    The College Board announced Wednesday that it is overhauling the SAT, dropping the timed essay and focusing less on fancy vocabulary in order to level the playing field a bit for high school students from a wider range of families. The organization's own data show that wealthier Americans, from more educated families, tend to do far better on the best. As do white and Asian Americans, and those students who had the opportunity to take the PSAT in high school before taking the SAT. Almost certainly, these four findings have common origins in that the SAT benefits families who can...
  • Meet the Richerals: Rich liberals drenched in guilt.

    02/25/2014 7:13:33 AM PST · by SeekAndFind · 12 replies
    Pajamas Media ^ | 02/25/2014 | Victor Davis Hanson
    The new millennium has also given us a new American profile — the hip richeral. Richerals are, of course, well off. But they are even more cool and liberal. The two facts are not so much incompatible, as complementary.For some, big money allows three things: wealth’s cocoon enables you to dream safely about utopia [1] rather than being laid off and broke; it exempts you from worrying much about the high taxes [2] and regulations [3] needed to pay for your redistributionist fantasy agendas; and it gives you the influence, capital, and opportunities to flee from the messy ramifications...
  • Data suggest many teens who aren't working chose not to look

    02/19/2014 4:24:32 AM PST · by massmike · 24 replies
    http://bostonherald.com/ ^ | 02/19/2014 | Associated Press
    Many job seekers have dropped out of the labor force not because they've gotten discouraged, but by choice. The unemployment rate has been declining, in part because of a declining labor participation rate. A new analysis of Bureau of Labor Statistics data by global outplacement consultancy Challenger, Gray and Christmas finds the biggest decline in labor force participation is among 16- to 19-year-olds. It's down to a record low 30.4 percent. But contrary to reports that job seekers have gotten discouraged and dropped out, many of them just don't want a job. Of the 11.6 million teens not in the...
  • SF billionaire ready to spend $100 million on 2014 races

    02/18/2014 2:58:59 PM PST · by artichokegrower · 30 replies
    San Francisco Chronicle ^ | February 18, 2014 | Joe Garofoli)
    As we’ve been talking about for months and months, billionaire San Francisco ex-hedgefunder Tom Steyer has been hinting that he’s going to go big in politics in 2014. He made it official Monday telling the New York Times that he’s going to spend big this year. Like $100 million big, making him one of the most significant outside forces in American politics.
  • Open Secrets Shows Koch Campaign Money Dwarfed by Dozens of Other Groups,

    02/17/2014 6:29:25 PM PST · by Kaslin · 7 replies
    NewsBusters.org ^ | February 17, 2014 | Tom Blumer
    The web site OpenSecrets.org has done a great deal of useful work. Especially helpful are its lists of high-dollar political campaign donor organizations. The web site's 1989-2014 and 2012-specific lists, to name just two, demonstrate that the hyperventilating on the left and in the establishment press about the eeeevil Koch Brothers is completely out of line: Imagine that. Koch Industries is way down in 59th place in the past 25 years and 77th place in 2012. This makes at least the following people look really dumb:
  • Real Party of the Rich Guys: Top Dem donors have outspent top GOP donors by $486 mill in last 25 yrs

    02/17/2014 5:36:53 PM PST · by george76 · 12 replies
    Gatewaypundit.com ^ | February 17, 2014 | Jim Hoft
    the top ten DNC donors outspent the top ten RNC donors by nearly 2 to 1 since 1989 ... The political left always accuses the Republican Party of being the “party of rich guys.” It’s a lie. ... C) Committed Democrat donors have outspent committed Republican donors by nearly $486 million since 1989 D) Overall, the top ten DNC donors outspent the top ten RNC donors by nearly 2 to 1 since 1989. E) The largest committed DNC donor group has outspent the largest committed RNC donor group by 67% since 1989 ... The arguments by Democrats that the RNC...
  • Student forced to apologize for emailing pic of Obama kicking a door, because RACISM

    02/17/2014 8:14:07 AM PST · by grundle · 69 replies
    Daily Caller ^ | February 17, 2014 | Robby Soave
    A student at McGill University in Montreal, Canada was forced to issue a formal apology for emailing a picture of President Obama kicking open a door–all because some students thought the image was somehow racist. Another student issued a formal complaint against Farnan for committing a “micro-aggression.” For those not up-to-date on the PC lexicon, “micro-aggression” is the latest phrase of choice for leftist radicals seeking to blame racism for common annoyances suffered by people of all races. Minority activists at the University of Michigan, for example, have insisted that trivial slights, such as “Having your opinion second-guessed in a...
  • Obama faces budget dilemma (Hussein's Social Security & Medicare cuts)

    02/16/2014 5:52:39 AM PST · by Libloather · 8 replies
    The Hill ^ | 2/15/14 | Erik Wasson
    President Obama is facing a deepening dilemma about whether to abandon cuts to Social Security in his next fiscal blueprint, which is due out in March. Obama touched the third rail of American politics last year when he proposed a new formula for Social Security and other entitlements that would result in benefits being cut over time. Now congressional Democrats and unions are ramping up their pressure on Obama to drop the proposal, which many fear could become an albatross for the party in the midterm elections. “We want the president to make very clear that he is going to...
  • Two states where only half of Obamacare sign-ups paid their premiums

    02/11/2014 9:12:43 AM PST · by The Old Hoosier · 4 replies
    Conservative Intel ^ | 2/11/14 | David Freddoso
    ...It turns out that Health Care dot gov is just like Kayak, Amazon, or any other website you use to buy something…and then not pay for it...
  • Companies Must Justify Their Workforce Decisions Under Obama’s Latest Rewrite

    02/11/2014 8:24:25 AM PST · by chessplayer · 63 replies
    (CNSNews.com) – Once again acting without Congress, President Obama has unilaterally changed his signature health insurance law, delaying its employer mandate – the second time he’s done this -- to 2016, after the mid-term elections. BUT: To be eligible for the additional delay, the Obama administration says an employer “may not reduce the size of its workforce or the overall hours of service of its employees” unless it can justify those reductions to the Internal Revenue Service. On Monday, the administration issued new regulations saying that employers with 50 to 99 workers don’t need to provide minimum essential coverage until...
  • The number of Americans who renounced their citizenship in 2013 just shattered 2011's record

    02/10/2014 7:21:01 PM PST · by SeekAndFind · 20 replies
    Hotair ^ | 02/10/2014 | Erika Johnsen
    There are any number of reasons a person might consider giving up their U.S. citizenship, ranging from the familial to the professional to the financial, but for me at least, it would take a heck of a lot for me to even think about it. And by “a heck of a lot,” I mean that I have difficulty fathoming a situation in which I would actually want to give up my citizenship and/or live anywhere permanently other than the United States, because from where I’m sitting, the mere suggestion sounds pretty ghastly — which is precisely why our spiking expatriation...
  • Farm Bill Rewards Rich Farmers, While The Rest Of Us Pay

    02/05/2014 5:35:18 AM PST · by SeekAndFind · 15 replies
    IBD ^ | 02/05/2014 | Stephen Moore
    With all this talk in Washington about income inequality, why isn't Barack Obama or Nancy Pelosi — or anyone in the greed-and-envy lobby — going after the grotesquely unfair farm bill? This near-$200 billion bill is one of the biggest giveaways to the rich and politically powerful in recent history. Usually, in Washington Congress doles out taxpayer subsidies to industries that are in severe financial trouble — think of bailouts to autos, banks and steel. That's bad enough. But the farm economy isn't in distress. It's booming, and agribusiness still walked away with $20 billion a year in direct payments,...
  • The Poor Aren't Poor Because the Rich Are Rich

    02/03/2014 5:12:40 AM PST · by SeekAndFind · 42 replies
    RCM ^ | 02/03/2014 | Robert Samuelson
    Unless you are exceptionally coldblooded, it's hard not to be disturbed by today's huge economic inequality. The gap between the rich and the poor is enormous, wider than most Americans would (almost certainly) wish. But this incontestable reality has made economic inequality a misleading intellectual fad, blamed for many of our problems. Actually, the reverse is true: Economic inequality is usually a consequence of our problems and not a cause. For starters, the poor are not poor because the rich are rich. The two conditions are generally unrelated. Mostly, the rich got rich by running profitable small businesses (car dealerships,...
  • Current government path is leading to a nightmare (Government is leading us into disaster)

    02/02/2014 11:32:54 AM PST · by campg · 25 replies
    Waterloo-Cedar Falls Courier ^ | February 2, 2014 | Dennis Clayson
    This year President Barack Obama and his party will begin their campaign against “the rich” while emphasizing the “gap” in wages between those on top and those on the bottom. Their solution will be to increase the minimum wage, raise taxes on “the rich” and increase government spending. They will exploit ignorance and envy to maintain power. Their solution will make the gap larger and create an endless recession. Unless reversed, the result is likely to be a financial collapse, wiping out savings, retirement accounts and putting almost everyone in the country into the category we now call the "working...
  • The War on 'Rich' People

    01/28/2014 9:34:52 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | January 28, 2014 | Debra J. Saunders
    It is always in poor taste for modern Americans to liken their ideological critics to Nazis. So when venture capitalist Tom Perkins wrote a letter to The Wall Street Journal that equated "the progressive war on the American one percent, namely the 'rich,'" with "fascist Nazi Germany," he opened his double doors to the cable TV umbrage-fest that followed. I have a teensy bit of advice for Perkins: When your reported worth is somewhere in the neighborhood of $8 billion, you don't need to wrap quotes around the word "rich." In three paragraphs, Perkins, 82, lambasted the San Francisco Chronicle...
  • Mayor De Blasio's New York Needs The 'One Percenters' More Than Ever

    01/11/2014 6:07:53 AM PST · by SeekAndFind · 31 replies
    Forbes ^ | 01/11/2014 | Kyle Smith
    New York’s new Occupy mayor, Bill de Blasio, took office this month with a stern, if hazy, vow to right the imbalances of economic inequality in New York City, which other speakers at his inauguration called “Dickensian” (Harry Belafonte) and a “plantation” (Brooklyn pastor the Rev. Fred Lucas Jr., delivering an invocation).But he can’t fix income inequality, nor should he. Given that there will always be some who are just starting out or lack the wherewithal to succeed, it’s the wealthy who are responsible for the gap between rich and poor. And it’s those same wealthy whom de Blasio will need to...
  • How Did The Democrats Become The Party Of The Rich?

    01/09/2014 6:38:49 AM PST · by SeekAndFind · 86 replies
    Forbes ^ | 01/09/2014 | Steven Hayward
    If you brought back either of the Roosevelts—Teddy or Franklin—from the grave, the most astonishing thing they would find is that the “malefactors of great wealth” have become the benefactors of today’s liberalism, and Democrats have become the party of the rich. In the economic crisis of the 1930s, the rich hated FDR. Most of today’s rich love Barack Obama—so much so that Washington D.C. area airports ran out of space to handle all of the private jets flying in the well-heeled for both of his inaugurals. Forget the “limousine liberals” of the 1960s and 1970s, sending their own kids...
  • Terry Bradshaw Talks to Jay Leno About (Duck Dynasty's) Phil Robertson (Video)

    12/21/2013 8:08:57 PM PST · by montag813 · 60 replies
    Top Right News ^ | 12-21-2013 | TopClip
    Tonight’s TopClip shows a side of ‘Duck Commander’ Phil Robertson that many don’t know: when he was teammates with future NFL Hall of Famer Terry Bradshaw…
  • JESUS IN YOU

    12/19/2013 5:56:46 PM PST · by Jedediah · 4 replies
    The Joshua Chronicles ^ | 12-19-13 | Jedediah
    I AM your Lord, God and Savior for you were constructed in my likeness and created in my way, You hear the Voice of your Master say, Whom shall I turn to, to do my will?! Where are the vessels that listen, abide and fulfill, For you are my handiwork, a tool in my shed, Always ready and waiting, ready to be led, I AM your inheritance all that you see, No looking to the left or right for I set you free, From all obstacles and entanglements and now you reside, In Zion with your Lord and "I AM"...
  • Hey, Rich Kids: If You Get Wasted and Kill People With Your Truck Blame It On “Affluenza”

    12/15/2013 9:48:56 AM PST · by Kaslin · 123 replies
    Townhall.com ^ | December 15, 2013 | Doug Giles
    Lawyer’s for 16-year-old Ethan Couch were able to pawn off on a doe-eyed court that “affluenza” was to blame for his stealing beer at WalMart, getting wasted and then plowing his out of control Ford F-350 into a group of folks, killing four. Affluenza? Please. For those who’re not hip to “affluenza“, allow me to help you add another word to that ever growing list of PC terms spun by blame-shifting therapists in order to explain away criminal behavior by little Ethans who need to go to prison instead of a luxury rehab in Newport Beach: Affluenza is a portmanteau...
  • CBO: The rich pay OVER 100 percent of taxes [income taxes]

    12/12/2013 1:51:06 AM PST · by markomalley · 13 replies
    The Daily Caller ^ | 12/11/2013 | Breanna Deutsch
    The rich are paying even more in taxes than you think.According to a Congressional Budget Office report this week, America’s top 40 percent of earners pay 106 percent of the taxes and the bottom 40 percent pay negative 9 percent, reports CNBC.How can one group pay more than 100 percent and another group pay less than zero? The formula that the CBO uses offsets taxes that are paid with refundable tax credits. These include money the government transfers back to the taxpayer for food stamps and social programs.Some low-income Americans received very generous subsidies. The report shows that Americans who...
  • How Much Wealth Redistribution Is Enough?

    12/11/2013 7:37:36 AM PST · by SeekAndFind · 12 replies
    IBD ^ | 12/11/2013
    Income Gap: As President Obama laments America's growing income inequality, a new government report shows the futility of his calls for ever-more wealth redistribution. To deflect attention from ObamaCare's failures, the president this month trotted out his income inequality chestnut. "A dangerous and growing inequality," he intoned, "has jeopardized middle-class America's basic bargain." He argued, "as a trickle-down ideology became more prominent, taxes were slashed for the wealthiest, while investments in things that make us all richer, like schools and infrastructure, were allowed to wither." Apparently, nobody bothered to brief the president before he delivered this speech. Fact is, federal...
  • Some people are too stupid to get ahead, Boris Johnson, London mayor, says ...

    11/29/2013 4:57:18 AM PST · by canuck_conservative · 15 replies
    National Post [Canada] ^ | November 28, 2013 | Michael Higgins
    Economic equality will never be possible because some people are too stupid to get ahead in the modern world, said Boris Johnson, the mayor of London, in a speech that is igniting a wave of criticism. Nick Clegg, Britain’s deputy prime minister, accused Mr. Johnson of “unpleasant elitism.” In the speech honouring the work of former Conservative prime minister Margaret Thatcher, Mr. Johnson said natural differences between humans will always mean some will succeed and others fail. “I am afraid that violent economic centrifuge is operating on human beings who are already very far from equal in raw ability, if...
  • Gov. Dayton made $343,234 last year, gave $1,000 to charity

    11/27/2013 7:46:31 AM PST · by TurboZamboni · 28 replies
    city pages ^ | 11-13-13 | Olivia LaVecchia
    In the interest of transparency, Gov. Mark Dayton has released his tax returns for every year since 2009, back when he was just a candidate for the governor's office. He dropped his 2012 returns yesterday afternoon, and they reveal that last year was a prosperous one for our governor: Dayton took home his state salary of $116,125, as well as $92,381 from the family trust, and $130,291 in capital gains, for a total income of $343,234. That income puts Dayton among Minnesota's highest earners. Yet, according to his records, Dayton donated just $1,000 to charity in 2012.
  • The Truth about the 1 Percent: The rich’s incomes aren’t surging, inequality is not growing

    11/12/2013 5:45:52 AM PST · by SeekAndFind · 24 replies
    National Review ^ | Alan Reynolds
    Every year, new estimates of the incomes of the “top 1 percent” are reported with the requisite fanfare from Thomas Piketty of the Paris School of Economics and Emmanuel Saez of the University of California, Berkeley. And every year the press gets the numbers all wrong. “Worry Over Inequality Occupies Wall Street,” writes Justin Lahart of the Wall Street Journal. An odd worry, when stocks keep hitting record highs. In reality, top income shares always rise and fall with the stock market because of capital gains, stock options, and bonuses and fees tied to stocks. “Messrs. Piketty and Saez,”...
  • Wealthy Republican Candidates Seek House

    10/27/2013 12:44:35 AM PDT · by Cincinatus' Wife · 8 replies
    Roll Call ^ | October 25, 2013 | Abby Livingston
    Talk about expensive real estate: A House seat can easily cost millions. Every cycle, a few wealthy candidates dig into their deep pockets to fund their own campaigns. This cycle is on track to be no different — except that Republicans dominate the ranks of potentially self-funding congressional candidates. Democrats constituted some of the richest candidates of 2012, including Reps. John Delaney of Maryland, Suzan DelBene of Washington and Scott Peters of California. All three made Roll Call’s 50 Richest list this year. But in 2014, Republicans boast far more self-funders among their recruits — at least nine so far....
  • Tea Party radicalism is misunderstood: Meet the “Newest Right” (You're richer than average, he says)

    10/07/2013 6:24:53 PM PDT · by 2ndDivisionVet · 55 replies
    Salon ^ | October 6, 2013 | Michael Lind
    Our sense of the force currently paralyzing the government is full of misconceptions -- including what to call it. To judge from the commentary inspired by the shutdown, most progressives and centrists, and even many non-Tea Party conservatives, do not understand the radical force that has captured the Republican Party and paralyzed the federal government. Having grown up in what is rapidly becoming a Tea Party heartland–Texas–I think I do understand it. Allow me to clear away a few misconceptions about what really should be called, not the Tea Party Right, but the Newest Right. The first misconception that is...
  • Party of the Rich? That's the Democrats

    09/21/2013 10:06:10 AM PDT · by SeekAndFind · 13 replies
    American Thinker ^ | 09/21/2013 | Sierran Rayne
    As we continue to knock down individual members from the long list of liberal talking points, another we can add to the scrap heap of history is that Republicans are the "party of the rich." In polling data during the 2012 election campaign, two and a half times more registered voters said that the Republicans' policies favor the rich versus those of the Democrats. Twice as many voters thought the Democrats' policies favored the middle class compared to those of the Republicans. And twelve times as many voters indicated that the Democrats' policies favored the poor over those of the...
  • Thomas Sowell: You Can’t Tax the Rich

    09/05/2013 6:32:37 AM PDT · by SeekAndFind · 9 replies
    National Review ^ | 09/05/2013 | Thomas Sowell
    Ninety years ago — in 1921 — federal income-tax policies reached an absurdity that many people today seem to want to repeat. Those who believe in high taxes on “the rich” got their way. The tax rate on people in the top income bracket was 73 percent in 1921. On the other hand, the rich also got their way: They didn’t actually pay those taxes. The number of people with taxable incomes of $300,000 a year or more — equivalent to far more than $1 million in today’s money — declined from over 1,000 people in 1916 to fewer than...
  • Obama Is Obsessed with the Wrong 1 Percent

    08/19/2013 7:34:55 AM PDT · by SeekAndFind · 4 replies
    National Review ^ | 08/19/2013 | James Pethokoukis
    Occupy Wall Street won. In fact, the movement won even before taking to the parks in 2011. By the time the demonstrations started, America had already elected a president whose top priority was to reduce high-end income inequality — i.e., the inequality between the wealthy and everyone else. If Obamacare — at its heart a “spread the wealth” redistribution scheme — and a call for ever-more tax hikes on the rich and on businesses aren’t proof enough, there’s also Barack Obama’s recent speech at Knox College. The enormous disparity between the 1 percent and the 99 percent, the president argued...
  • T.J. Rodgers: Targeting the Wealthy Kills Jobs

    08/19/2013 7:29:00 AM PDT · by SeekAndFind · 5 replies
    Wall Street Journal ^ | 08/19/2013 | T.J. RODGERS
    One of the signature themes of the Obama administration is that the American dream is under attack due to "income disparity." The words divide the country into haves and have-nots, suggesting a national condition that needs to be corrected—presumably by "progressive" taxation as a mechanism for income redistribution. The American dream has traditionally been one of individual success that is rewarded and admired. But we are now urged to become zero-sum society in which those achieving the American dream are envied and even resented. The American dream is not politically affiliated. The last time it was alive and well was...
  • Is Populism Dead?

    08/01/2013 5:09:16 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | August 1, 2013 | Victor Davis Hanson
    Occupy Wall Streeters claimed that they were populists. Their ideological opposites, the Tea Partiers, said they were, too. Both became polarizing. And so far populism, whether on the right or left, does not seem to have made inroads with the traditional Republican and Democrat establishments. Gas has gone up about $2 a gallon since Barack Obama took office. Given average yearly rates of national consumption, that increase alone translates into an extra $1 trillion that American drivers havencollectively paid in higher fuel costs over the last 54 months.Victor DavisVictor Davis Hanson is a classicist and historian at the Hoover Institution,...
  • The Inequality President: The rich have done fine under Obamanomics, not so the middle class.

    07/25/2013 10:19:56 AM PDT · by SeekAndFind · 9 replies
    President Obama made his fourth or fifth, or maybe it's the seventh or eighth, pivot to the economy on Wednesday, and a revealing speech it was. We counted four mentions of "growth" but "inequality" got five. This goes a long way to explaining why Mr. Obama is still bemoaning the state of the economy five years into his Presidency. The President summed up his economic priorities close to the top of his hour-long address. "This growing inequality isn't just morally wrong; it's bad economics," he told his Galesburg, Illinois audience. "When middle-class families have less to spend, businesses have fewer...
  • Marc Rich dies at 78 in Switzerland

    06/26/2013 4:45:55 AM PDT · by sodpoodle · 45 replies
    Fox News, AP ^ | June 26, 2013 | Fox News, AP
    Marc Rich, the trader known as the "King of Commodities" who was pardoned in 2001 by President Bill Clinton just hours before he left office, has died in Switzerland. He was 78. Rich's Israel-based spokesman Avner Azulay says Rich died Wednesday and will be buried in Israel on Thursday. Rich fled the United States to Switzerland in 1983 after being indicted by a U.S. federal grand jury on more than 50 counts of fraud, racketeering, trading with Iran during the U.S. Embassy hostage crisis and evading more than $48 million in income taxes Read more: http://www.foxnews.com/world/2013/06/26/financier-marc-rich-who-fled-to-switzerland-in-183-and-was-pardoned-by-clinton/#ixzz2XK1P5Jvd
  • Tax Breaks Don't Unfairly Benefit The Wealthy

    05/31/2013 4:29:09 AM PDT · by IBD editorial writer · 26 replies
    Investor's Business Daily ^ | 05/30/2013 | John Merline
    A new Congressional Budget Office report shows that the rich get most of the benefit from various deductions and credits in the tax code, music to the ears of the soak-the-rich crowd. But since the wealthy pay nearly all the nation's income taxes, this is hardly a sign of unfairness. According to the CBO report, the government "spends" about $900 billion through deductions, exclusions, special tax rates and tax credits, with more than half going to the wealthiest 20% of households, while just 8% goes to the bottom fifth. Democrats, who ordered the report, celebrated the news, since it appears...