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Keyword: rich

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  • Why You Don't Want To Be In California's One Percent

    06/30/2015 4:27:47 AM PDT · by SeekAndFind · 7 replies
    Forbes ^ | 06/30/2015 | Rex Sinquefield
    Tax reform isn’t exactly something we associate with California. With the highest income-tax rate in the nation (and the third-worst overall state business tax climate, per the Tax Foundation’s most recent rankings), the Golden State offers plenty of practical lessons in how not to run an economy. However, California State Controller Betty Yee recently suggested tax reform that shows a clear understanding of the peril facing California’s economy – and offers ideas that could restore energy and momentum to a sluggish state business climate. Yee, a Democrat, wants to broaden the state tax base. California bureaucrats have grown far too...
  • Should California rich be able to use as much water as they can afford?

    06/15/2015 9:07:54 AM PDT · by SeekAndFind · 19 replies
    American Thinker ^ | 06/15/2015 | Rick Moran
    There's a serious drought in California, largely the result of government action in saving fish species rather than building additional infrastructure.  Now government in that state has ordered severe restrictions on the use of outdoor sprinkling, causing most of the lawns and gardens in California to shrivel and die. But many of California's wealthy citizens don't think those restrictions apply to them.  They can afford the $800-a-month water bills and don't see a need to stop the sprinklers. One such community is Rancho Sante Fe, where residents increased their water usage by 9% following the announcement by Governor Jerry...
  • Billionaire Bunkers: Inside the World's Largest Planned Doomsday Escape [Revelation 6]

    06/13/2015 11:52:26 AM PDT · by Jan_Sobieski · 32 replies
    Forbes ^ | 6/12/2015 | Jim Dobson
    For the very first time, a modern day Noah’s Ark has opened its doors for an exclusive inside look offering up plans for the ultimate Billionaire bunker and doomsday escape. Vivos founder and CEO Robert Vicino announced Vivos Europa One which will be an invitation only, five star, underground survival complex, similar to an underground cruise ship for the elite. Each family will be provided a private 2,500 square foot of floor area, capable of two story improvements for a total of 5,000 square feet of private living quarters. With fit and finish comparable to a mega-yacht, each member family...
  • About Inequality: Rich Get Poorer Over Time, Not Richer

    06/09/2015 5:35:40 AM PDT · by SeekAndFind · 9 replies
    IBD ^ | 06/09/2015 | BY STEPHEN MOORE AND ROB ARNOTT
    It's no secret that the Democrats' 2016 presidential campaign theme will be class warfare — or as Hillary Clinton calls it, "toppling the rich." Which is "rich," given her own wealth. The left has bought all in to the claim by academics like French economist Thomas Piketty, who argues that capitalism is creating vast dynasties of wealth that are hoarded by a select few oligarchies, with money being handed down from one generation of trust-fund babies to the next. This narrative is mostly rubbish. While today's rich are much richer than the rich of past generations, the rotation among the...
  • I lost $100M — and I’ve never been happier

    06/06/2015 4:54:42 PM PDT · by lowbridge · 32 replies
    nypost.com ^ | june 5, 2015 | jane ridley
    Manhattan writer Suzanne Corso, 46, was once a card-carrying member of the 1 percent — until her financier husband lost their $100 million nest egg in the 2008 fiscal meltdown. Here, the mother of one, who has just published her third novel, “Hello, Hollywood,” tells The Post’s Jane Ridley her very New York story of survival. My 6-year-old daughter doesn’t think twice about calling room service from our luxury residential hotel to order a $25 cheeseburger for herself. It’s November 2005 and we’ve been living in an 11-room suite at the Ritz-Carlton on West Street for a little more than two years. And...
  • Clift Defends Hillary Clinton's Wealth: FDR Was Rich & Did Great Things For "The Little People"

    05/31/2015 1:41:04 PM PDT · by Libloather · 49 replies
    On this week's edition of the syndicated public affairs show The McLaughlin Group, panelist Eleanor Clift argued Democratic presidential candidate Hillary Clinton's wealth could be good for her. "This is nice work if you can get it and it’s the way our society works right now," Clift said. Acknowledging Hillary Clinton "would probably be the richest president ever," Clift likened the former Secretary of State to former President Franklin D. Roosevelt, saying he did great things for the "little people."
  • Americans want the government to "redistribute wealth by heavy taxes on the rich"

    05/05/2015 11:13:23 AM PDT · by Jan_Sobieski · 45 replies
    Vox ^ | MAY 5, 2015 | Matthew Yglesias
    Americans are eager to see the government "spread the wealth around" through heavy taxes on rich people. This, according to Gallup, is a relatively new phenomenon, with a clear preference for soaking the rich really only emerging in the past four or five years. On a different polling measure, Gallup finds that at least since the mid-1980s a large majority of Americans have expressed a preference for a flatter distribution of income. But that's something that could, at least hypothetically, be achieved in a whole variety of ways. Taxing the rich in order to redistribute income to the working class...
  • Hillary's back in first class at end of New Hampshire campaign trip where she railed against the ric

    04/21/2015 6:32:41 PM PDT · by Libloather · 16 replies
    Daily Mail ^ | 4/21/15 | David Martosko
    Hillary's back in first class at end of New Hampshire campaign trip where she railed against the rich - after 80mph race to BOSTON to catch flight with elite seats Hillary Clinton ended her whirlwind New Hampshire campaign swing on Tuesday afternoon in another state entirely, taking taxpayers for an 80 miles-per-hour ride all the way to Boston - to catch a flight with first class seats. **SNIP** After a carefully managed morning event at a community college near the state capitol, Clinton held two private meetings, and then bolted to Boston at speeds 25 mph over the limit posted...
  • How Menendez ‘conspired’ to import rich donor’s babes

    04/19/2015 8:07:22 AM PDT · by Libloather · 39 replies
    NY Post ^ | 4/18/15 | Isabel Vincent, Melissa Klein
    They are the models who could bring down a senator. Sen. Robert Menendez mobilized his staff to secure a visa for a Brazilian actress who posed nude on the cover of Sexy magazine; he stepped up for a sultry Ukrainian student who wanted a plastic-surgery consult; and he directd a staff member to “call Ambassador asap” in order to reverse a visa denial to a 22-year-old Dominican model. The young women were all paramours of Dr. Salomon Melgen, 60, a married eye doctor and one of Menendez’s biggest donors, prosecutors charge. The New Jersey Democrat’s efforts on behalf of Melgen’s...
  • Tech titans’ latest project: Defy death

    04/05/2015 5:14:40 PM PDT · by Usagi_yo · 16 replies
    Washington Post ^ | 4/4/15 | Ariana Eunjung Cha
    .... Yet the focus kept returning to one subject: Was death an inevitability — or a solvable problem? ....
  • Stephen King fires back after Maine governor accused him of fleeing to avoid state income taxes

    03/22/2015 4:14:52 PM PDT · by TurboZamboni · 96 replies
    daily mail ^ | 3-21-15 | Belinda Robinson
    A fierce row has broken out between Stephen King and Maine Governor Paul LePage after the governor claimed that the author doesn't pay state income taxes and has moved away from the state. King immediately shot back that LePage should 'man up and apologize' for the comments because he still resides in Maine. LePage's comments came during his weekly radio address when he argued that states without an income tax, like Florida, have lured away Maine residents, including King.
  • Do the rich pay their fair share? [SPOILER: Hell, Yes]

    03/02/2015 9:14:03 AM PST · by SeekAndFind · 18 replies
    Washington Times ^ | 03/02/2015 | Stephen Moore
    Suppose there were a banquet for 100 people and at the end of the night it was time to split the bill of $50 per person. If that bill were paid for the way we pay our income taxes, here is how it would work. Those in the top half of income would pay roughly $97 each and those in the bottom half of the income would pay an average of $3 each. Almost 40 people would pay nothing. And the single richest person in the room would cough up $1,750. Liberals would complain that the cheap skate rich guy...
  • Prosperity Gospel: Are Rich People More Likely to Go to Heaven Than Poor People?

    02/26/2015 8:21:21 AM PST · by pinochet · 58 replies
    Like many Freepers, I was raised in a Christian denomination that did not teach the Prosperity Gospel (PG). In the last few years, I have tried to make sense of the prosperity teachings, and it is possible that I may not fully understand them. But I will explain the PG teachings as best as I am able to understand them. The Prosperity Gospel teaches that rich people are rich, because they engage in the behavior that God approves of, and this means that rich people are blessed by God. But poor people are poor, because they engage in behavior that...
  • World's new largest private yacht that is bigger than a cruise ship and cost £800m is built for one

    02/12/2015 6:42:25 AM PST · by C19fan · 43 replies
    UK Daily Mail ^ | February 12, 2015 | Corey Charlton
    Boasting seven decks, two pools, multiple hot tubs and a 275 square metre master suite, a new record-breaking superyacht is set to redefine the limits of luxury boat building. Costing £788million to build and measuring 222 metres in length, when completed Triple Deuce will be the most expensive and largest superyacht ever constructed. The luxury boat will surpass the remarkable standards set by Chelsea FC owner Roman Abramovich's 163m Eclipse, and the current record-holding 182 metres-long yacht owned by the President of the United Arab Emirates.
  • The Upper Middle Class Is Ruining America

    01/31/2015 9:42:01 AM PST · by C19fan · 54 replies
    Slate ^ | January 30, 2015 | Reihan Salam
    I first encountered the upper middle class when I attended a big magnet high school in Manhattan that attracted a decent number of brainy, better-off kids whose parents preferred not to pay private-school tuition. Growing up in an immigrant household, I’d felt largely immune to class distinctions. Before high school, some of the kids I knew were somewhat worse off, and others were somewhat better off than most, but we generally all fell into the same lower-middle- or middle-middle-class milieu. So high school was a revelation. Status distinctions that had been entirely obscure to me came into focus. Everything about...
  • The stunning 'boltholes with airstrips' in New Zealand being bought by the world's super-rich

    01/30/2015 6:56:57 AM PST · by C19fan · 71 replies
    UK Daily Mail ^ | January 30, 2015 | Richard Shears
    As world events threaten the comfortable lifestyles of the West's super-rich they have begun buying up fabulous 'bolt hole' properties in the far-away safe haven of New Zealand. The world's elite are snapping up properties in the tiny country, which they see as a shelter from the threat of terrorism, civil unrest and instabilities in the financial markets. Interest in pricey land and homes in the North and South Islands has soared in recent years following terrorist strikes and civil disobedience in North America, the UK and Europe.
  • ‘Poor people don’t plan long-term. We’ll just get our hearts broken’

    01/26/2015 12:46:36 AM PST · by CorporateStepsister · 45 replies
    The Guardian ^ | Sunday 21 September 2014 | Linda Tirado
    In the autumn of 2013 I was in my first term of school in a decade. I had two jobs; my husband, Tom, was working full-time; and we were raising our two small girls. It was the first time in years that we felt like maybe things were looking like they’d be OK for a while. After a gruelling shift at work, I was unwinding online when I saw a question from someone on a forum I frequented: Why do poor people do things that seem so self-destructive? I thought I could at least explain what I’d seen and how...
  • If you don’t understand how people fall into poverty, you’re probably a sociopath

    01/25/2015 6:20:29 PM PST · by 2ndDivisionVet · 59 replies
    The Guardian & Observer ^ | January 24, 2015 | Lucy Mangan
    Why don’t abused women just leave their partners? Why don’t poor people just spend less? Why do people in positions of power ask so many stupid questions? ‘Inequality has become a challenge to us as moral beings’Last week, I took part in a comedy night to raise money for the charity Refuge, which supports women and children who have experienced domestic violence. It was a great night: partly because it raised several thousands of pounds for the cause; partly because it was sponsored by Benefit cosmetics, and the idea of a benefit being sponsored by Benefit pleased me greatly; and...
  • Solved: Why Poor States Are Red and Rich States Are Blue

    01/05/2015 2:34:47 PM PST · by SeekAndFind · 62 replies
    Forbes ^ | 01/05/2015 | Tim Worstall
    One of the great conundrums of the American political scene is why the poorer states, colloquially known as “red” states, tend to vote Republican or conservative, while the richer states, the “blue” ones (and let it be said that this is very confusing for this European, for over here the colours tend to work the other way around, red is Labour, or left wing) tend to vote Democrat. We would think that it should be the other way around, the poor people voting for more from that Great Big Pinata which is government. But it seems that there’s a simple...
  • Where the Rich Park Wealth

    12/30/2014 5:38:54 AM PST · by SeekAndFind · 10 replies
    Barron's ^ | 12/30/2014 | Robert Milburn
    Don’t invest in your home, don’t even invest heavily in the stock market, but invest instead in yourself and the fruits of your work. That’s the path to serious riches – and what America’s wealthiest do.That at least is what emerges from the research of Edward Wolff, the economist at New York University. His study, based on Federal Reserve stats, shows that the top 1%— worth $7.8 million or more— keep nearly half of their wealth tied up in their closely-held businesses. This is not an entirely novel revelation. The Wolff study underscores what Penta previously noted in our blog...
  • Party Of The Rich? Not The One Most Think It is

    12/27/2014 10:28:49 AM PST · by SeekAndFind · 4 replies
    IBD ^ | 12/272014
    A look at political donations shows that the big-dollar contributors put their money on the Democrats. So which group is really the party of the rich? For decades, the Democrats have been getting away with portraying Republicans as hateful men who do the bidding of the wealthy at the expense of the country's poor and middle class. Yet as the Associated Press reported just before Christmas, "it's actually the liberal-minded who shelled out the most cash in the just completed midterm elections." What's more, "the two biggest super PACs of 2014," the "Senate Majority PAC and House Majority PAC," were...
  • Democrats the real party of the rich

    12/26/2014 6:53:25 AM PST · by SeekAndFind · 14 replies
    American Thinker ^ | 12/26/2014 | Thomas Lifson
    One of the great misconceptions in American politics is that Republicans are the party of the rich.  That title belongs to the Democrats, who regularly garner the big bucks of America’s moneyed elite.  David Elliott of the AP reports: For as often as Democrats attack the conservative billionaires Charles and David Koch for their heavy spending on politics, it's actually the liberal-minded who shelled out the most cash in the just completed midterm elections. At least, that is, among those groups that must disclose what they raise and spend. Among the top 100 individual donors to political groups, more...
  • Wealthy Chinese kids in the US flaunt supercars at secret meet-ups

    11/28/2014 1:20:27 AM PST · by rjbemsha · 48 replies
    Yahoo Singapore ^ | 28 Nov 2014 | Nurul Azliah Aripin
    They are young, wild, free -- and very, very rich. These wealthy Chinese students go to school in the day and flaunt their social status during private meet-ups at night. These lavish gatherings feature posh venues, designer handbags and blinged out shoes, ladies in stiletto heels and sexy skirts and, of course, supercars -- plenty of them. Maserati, Ferrari, Bentley, Lamborghinis you name it -- they're all on display in neat rows. “I have three Ferraris, this is my newest one,” an interviewee told producer and host Kristie Hang at a supercar meet-up in the San Diego valley in California....
  • Economics Profs Claim a Ninety Percent Income Tax Rate Would Help the Rich

    11/22/2014 5:45:04 PM PST · by SeekAndFind · 61 replies
    College Insurrection ^ | 11/22/2014 | Aleister
    It sounds like these professors graduated from the redistributive school of economics.Christopher White of the College Fix reports. Ninety percent income tax rate would help the rich, economics professors claim Opposing economist asks why disincentives in carbon tax wouldn’t apply to income taxEconomists at the University of Pennsylvania and University of Bonn argue that the United States would be better off if well-heeled citizens paid the kind of high tax rates not seen since the Eisenhower administration.According to a working paper by Bonn’s Fabian Kindermann and Penn’s Dirk Krueger published by the National Bureau of Economic Research, going back...
  • The Rich Can Stop Worrying About A Middle-Class Revolution

    10/22/2014 7:58:05 AM PDT · by blam · 13 replies
    Yahoo - Finance ^ | 10-22-2014 | Rich Newman (^6-27-2014)
    Rich NewmanWednesday, October 22, 2014A stagnant economy has undoubtedly put a lot of financial stress on the middle class. And that is bumming out America’s 1 percenters. “Our country is rapidly becoming less a capitalist society and more a feudal society,” entrepreneur Nick Hanauer wrote recently in Politico, in an open letter to “my fellow zillionaires.” Hanauer — an early investor in Amazon (AMZN) who says he has been involved with more than 30 startups — cites the well-documented rise in income inequality during the past 30 years as the ultimate cause of a Mad Maxian dystopia he envisions. "If...
  • WOAH! Michelle Obama Takes Swipe at “RICH KIDS” During Speech at Black School in Atlanta (Video)

    09/09/2014 8:36:58 PM PDT · by Nachum · 51 replies
    The Gateway Pundit ^ | 9/9/14 | Jim Hoft
    First Lady Michelle Obama spoke at Booker T. Washington High School, a predominantly black school, in Atlanta on Monday. During her speech a student fainted. Obama paused her speech to make sure the child was attended to, then she took a weird swipe at “rich kids.” White House Dossier posted the transcript: MRS. OBAMA: But here’s the thing –- even if you’re working hard and doing everything right, there will still be times when things don’t go according to plan. That ever happen to you all? STUDENTS: Yes…. (student faints) MRS. OBAMA: Are you all still fired up and ready...
  • 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...