The unsoaked rich

Waterbury Republican-American ^ | July 16, 2004 | Editorial

[Graybeard58]

When the dims say "soak the rich" they mean me and you brother- not themselves.

[El Gato]

When the dims say "soak the rich" they mean me and you brother- not themselves.

For the little people, "rich" by DemocRat definition, starts at about $20,000/year, or somewhere about the poverty line.

[Mike Bates]

The Party of the People. Yeah, right.

[ancient_geezer]

everyone should be required to pay something, if only to keep up their interest in government fiscal practices.

Thomas Hobbes, Leviathan it is fairer to tax people on what they extract from the economy, as roughly measured by their consumption, than to tax them on what they produce for the economy, as roughly measured by their income.

A Taxreform bump for you all.

If you would like to be added to this ping list let me know.

[Remember_Salamis]

Hey, I got an idea: Let's shitcan the whole system and implement the FairTax, a 23% nationa lretail sales tax.

[RockinRight]

Now that's an idea!

[RockinRight]

Tell me about it. I end up taking home about 63% of what I make. Its nuts.

[Aetius]

"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves money from the public treasure. From that moment on the majority always votes for the candidates promising the most money from the public treasury, with the result that a democracy always collapses over loose fiscal policy followed by a dictatorship. The average age of the world's great civilizations has been two hundred years. These nations have progressed through the following sequence: from bondage to spiritual faith, from spiritual faith to great courage, from courage to liberty, from liberty to abundance, from abundance to selfishness, from selfishness to complacency from complacency to apathy, from apathy to dependency, from dependency back to bondage."

Alexander Tyler (historian) on the fall of the Athenian Republic.

[Remember_Salamis]

Guess what? There's already pending legislation to make it happen, HR 25 and S 1493. Go to http://www.fairtaxvolunteer.org

to find out more.

[Cobra64]

For the Nyj-teen time... Who are the "rich?"

Dems and Pubbies alike do not understand the term.

An income statement versus a balance sheet are two different definitions of income versus wealth, or "rich."

Quite frankly, I'm fed up with this topic since so few have a clue.

If you want to nail down the balance sheet perspective, if I have 50 bucks in my savings account, that is an asset.; by third world standards, "I'm Rich."

[Capitalism2003]

Democrats are either lazy and hopeful a paternalistic government will care for them cradle to grave..

OR

they are wildly successful multimillionaire lawyers/politicians who want high taxes to smother the competition and prevent anyone with real-world experience from earning enough to challenge their power (it takes money to run for senate nowadays)

[lainde]

bttt

[Straight Vermonter]

An income statement versus a balance sheet are two different definitions of income versus wealth, or "rich."

You are right. It is usually the schedule "C" filers, those that run their own businesses, like the local plumber, or the guy that owns the convenience store, that get soaked by these soak the rich schemes. Want to know why folks like these can't provide their employees the benefits that one used to be able to expect? Look know further than the tax code.

[MarkL]

I think that I've finally realized why the dems are typically for "soaking the rich." Because they're not actually after the rich... They're after the high wage earners.

Is it just me, or has anyone else noticed that the "richest" dems, like Kerry want to increase taxes on high wage earners. It really doesn't effect him, since he and Teresa already have their money! He makes a few hundred thousand dollars a year, and she gets plenty from investments, but the vast majority of their accumulation of wealth is untouched by taxes! So, why wouldn't they be for tax hikes? It doesn't really affect them.

Mark

[Robert Drobot]

Your not alone FRiend.

[Robert Drobot]

You're not alone FRiend.

[Lonesome in Massachussets]

I thought it was against the law to operate a conservative newspaper in Connecticut.

[Graybeard58]

I thought it was against the law to operate a conservative newspaper in Connecticut.

The Waterbury Republican-American is one of the most consistently conservative news papers in the country. They have great editorials and world, national news. Surprised me too the first time I read it.

[RockinRight]

I don't consider myself rich, I am doing rather well, but not rich at all. However, according to the Democrats I am one of the eeeevvil Rich as I make more than 50k a year and work for a living...

[Graybeard58]

I am one of the eeeevvil Rich as I make more than 50k a year and work for a living..

My wife and I are in the same boat, though I am retired she still works and together our income puts us in the bracket that democrats are fond of calling "rich"

Our kids are grown so no deductions or credits for that. Our house is paid for so no interest deductions.

The bottom third in income pay no fed taxes at all, yet they complain about how GWB is not giving them any of the tax breaks.

It's the wage earners and other productive members of society who pay and pay and pay.

John Kerry and his ilk want their hands even deeper in my pockets. It makes me sick to hear him talk. When he comes on the news anymore I change the channel immediately.