Posted on 01/20/2008 11:14:37 PM PST by FocusNexus
Hillary Clinton said that if she became president, the federal government would take a more active role in the economy, in an effort to address what she said were the excesses of the market and the Bush administration.
She told the New York Times she would put her emphasis on issues like inequality and the role of institutions like government, rather than market forces, in addressing them.
She said that economic excesses -- including executive-pay packages she characterized as often "offensive" and "wrong" and a tax code that had become "so far out of whack" in favoring the wealthy -- were holding down middle-class living standards.
(Excerpt) Read more at chron.com ...
Images of the May Day Parade through Red Square are dancing through my head.
I don’t know why.
Would she stamp out insider trading and sweetheart deals that allow powerful Democrats to turn $1,000 into $100,000 or $100,000 into $17,000,000?
Lying ****.
I’m fully confident that “wealthy” elites will not be impacted by her reform.
Income redistribution is a favorite tool of those who’ve never even managed a 7-11, but know just what we need to do in the nation’s economy.
She was completely out of her element when trying to run the Whitewater Property. So inept was this woman, she contributed to the collapse of an entire Savings & Loan (I’m exagerating a bit here for suspense) but nevertheless 13-people were convicted and sent to prison over that mess (no exageration).
Now she believes she can run a nation?
Oh Joy!
Stock market is just gonna love that!
Move over Zimbabwe! I wonder what the new US 10,000,000 bill is going to look like.
The Berlin Wall was not effective at controlling market forces. The stupidest woman in the world should know better.
There’s a misprint in your article. It says “Clinton promises end to economic excess”
They accidentally put in ‘excess’ when they meant ‘success’. They should fix that.
Her Heinous promises “peace, land, and bread”; “swoboday bratsvo”, “freedom and brotherhood”. I’m going to hurl..
Clinton promisers are the hope of fools..
This is confirmation that she did mean her statement of a while ago:
As reported by the Associated Press, Sen. Clinton said, “Many of you are well enough off that ... the tax cuts may have helped you. We’re saying that for America to get back on track, we’re probably going to cut that short and not give it to you. We’re going to take things away from you on behalf of the common good.”
June 29, 2004
http://www.freerepublic.com/focus/f-news/1162267/posts
Well, I for one hope she starts with the cattle futures market. I heard there was a governor's wife with no prior experience who made $100,000 on a $1,000 investment in a very short time in what appeared to be a disguised bribe. That is exactly the kind of market excess the federal government should take a more active role in addressing!
# In 2002 the latest year of available data, the top 5 percent of taxpayers paid more than one-half (53.8 percent) of all individual income taxes, but reported roughly one-third (30.6 percent) of income.
# The top 1 percent of taxpayers paid 33.7 percent of all individual income taxes in 2002. This group of taxpayers has paid more than 30 percent of individual income taxes since 1995. Moreover, since 1990 this group’s tax share has grown faster than their income share.
# Taxpayers who rank in the top 50 percent of taxpayers by income pay virtually all individual income taxes. In all years since 1990, taxpayers in this group have paid over 94 percent of all individual income taxes. In 2000, 2001, and 2002, this group paid over 96 percent of the total.
Treasury Department analysts credit President Bush’s tax cuts with shifting a larger share of the individual income taxes paid to higher income taxpayers. In 2005, says the Treasury, when most of the tax cut provisions are fully in effect (e.g., lower tax rates, the $1,000 child credit, marriage penalty relief), the projected tax share for lower-income taxpayers will fall, while the tax share for higher-income taxpayers will rise.
# The share of taxes paid by the bottom 50 percent of taxpayers will fall from 4.1 percent to 3.6 percent.
# The share of taxes paid by the top 1 percent of taxpayers will rise from 32.3 percent to 33.7 percent.
# The average tax rate for the bottom 50 percent of taxpayers falls by 27 percent as compared to a 13 percent decline for taxpayers in the top 1 percent.
The White House has announced it will lobby Congress to pass legislation making most of President Bush’s tax cutting measures permanent.
Source: U.S. Treasury, Office of Tax Analysis
http://usgovinfo.about.com/od/incometaxandtheirs/a/whopaysmost.htm
She will deliver what she promises...at the price of our freedom.
How the hell does our tax structure “favor the wealthy?”
The top 1% of wage earners earn 17% of the nation’s wealth but pay 39% of the federal income taxes. Their “share” of the tax burden has actually gone up under Bush.
The way I see it, the top 1% should pay 17% of the taxes......their federal income taxes should be cut by more than half.
If this Marxist broad ever becomes president, we’re going to see a series of events take place in America that will leave a trail of death and destruction from coast-to-coast.
In the meantime, look how much taxes the “rich” are already paying disproportionately to others:
Guess Who Really Pays the Taxes
http://www.freerepublic.com/focus/f-news/1946831/posts
“The wealthiest 1 percent of the population earn 19 perÂcent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent - those below the median income level - now earn 13 percent of the income but pay just 3 percent of the taxes. These are proportions of the income tax alone and don’t include payroll taxes for Social Security and Medicare.”
Last time I check that was up to the shareholders of corporations, not the federal government...communist witch!
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