Posted on 09/18/2008 9:13:05 AM PDT by Free ThinkerNY
While Barack Obama tries to call John McCain a “liar” for saying Obama will raise taxes on a wide swath of Americans, Joe Biden tells America that paying higher taxes is … patriotic? The Democratic VP told Good Morning America today that “it’s time to be patriotic” and start allowing Uncle Sam to take even more of your paycheck:
Biden told ABC’s “Good Morning America” on Thursday that, in his words, “it’s time to be patriotic … time to jump in, time to be part of the deal, time to help get America out of the rut.” Democratic vice presidential candidate Joe Biden says that paying higher taxes is the patriotic thing to do for wealthier Americans. …
(Excerpt) Read more at hotair.com ...
bfl
Its hard to find any wisdom or logic in Bidens comment. All of the ultra rich have special laws in their situation to avoid paying huge taxes...Biden knows this...because he helps to write them.
Most of the poor class pay absolutely no taxes because of the way that the tax tables are set up.
So the rest of us....the small businessmen and the middle class...pay the massive chunk of taxes in America.
I don’t buy any of this patriot garbage. This guy smoked something and really is drifting into a ultra high I think.
I like how crazy Joe ends some of his speeches with phrases like, “Love ya all.”
He sounds like my crazy uncle Ray.
This nut job who wants us to give up our hard earned money only gave like $300something to charity! About right they want us to give up our $ but they are as tight as ticks! Hypocrits!
This nut job who wants us to give up our hard earned money only gave like $300something to charity! About right they want us to give up our $ but they are as tight as ticks! Hypocrits!
I know what you’re saying about truly poor in other countries and I agree. But, I would argue that if not for a social safety net, they’d be no better off than those in Mexico.
I know most of the Medicaid and so-called welfare is fraud. But not all. The dems just want to put more people on it and guarantee their future votes.
I’d prefer to root out the fraud and lower government spending. THAT would be the truly patriotic thing to do.
Did you read about Rangel’s fleet of Mercedes? He keeps one, unregistered in a House (?) parking lot. Amazing, blatant hypocrisy.
Like Klintooon writing off clothes including used underwear as a donation to charity.
These freaks come up with all kinds of do-gooder schemes, but always want someone else to pay.
LOL. He did his ‘leaning forward to be in charge’ thing. POS.
Hey, Joe, here’s a BETTER plan.
A Very “UnAmerican” Answer to Solving Our Financial Woes
Matt Towery
Thursday, September 18, 2008
More than once I’ve noted how ironic it is to find folks like the two wealthiest individuals in America, Warren Buffett (worth an estimated $62 billion) and Bill Gates (worth an estimated $58 billion) supporting Barack Obama and his tax plan that would tax “the richest of Americans.”
Of course we all know that under the proposal Obama supports, there is very little difference between a family that makes $300,000 a year or, say, Mr. Buffett and Mr. Gates. Warren Buffett has even stated that the rich pay less as a percentage of income than do their secretaries.
So Buffett and Gates want Americans who earn over $250,000 a year to send a higher portion of any excess amount they might earn to the federal government so it can determine which giant mismanaged conglomerate it can next bail out of trouble. And they want the government to decide how those dollars should be spent.
Of course they’ve already decided how their extra bucks should be expended. Bill Gates and his wife have a foundation in their names that admittedly does a great deal of good around the world — to the tune of $38.7 billion. But they help decide where the funds go and get all the credit for the donations. Buffett must like the way they spend their charitable dollars because the Gates Foundation is the beneficiary of a large portion of Buffett’s holdings as well.
That’s all well and good. But I have a better idea.
Rather than arbitrarily declare someone “rich” when they cross that $250,000 level, let’s raise the bar. Heck, let’s even let an individual keep the first $1 billion he or she earns. After that, let’s let them have a taste of what real taxes are all about.
How about a net worth tax? I know I’ve kidded about it before, but it’s even more fun thinking about it under the current circumstances, both political and economic.
Let’s tax the excess amount of anyone’s net worth that exceeds $1 billion at 90 percent. Of course we would have to undo those charitable foundations where the super-wealthy have the ability to demand, say, accountability and successful results for the use of their generously given dollars. They would instead have to let the old wheel of fate known as the federal government spend those dollars. There would be no huge parties honoring them, no honorary doctorates for their donations, not so much as a thank you letter.
But think how happy folks like Gates and Buffett would feel. Gates alone would be “donating” $45.6 billion to the United States Treasury. And hey, we wouldn’t need cash from Bill — the government would be happy to just take possession of his excess assets.
As for Warren, the $54.9 billion he would owe could help cover Fannie, Freddie and so many other worthwhile causes. Of course no one would be meandering over to Omaha to hear his wisdom on making money, because he would be “just another billionaire,” instead of the richest man in America.
Sound absurd? Of course. But it makes a strong point.
The two wealthiest individuals in America believe that if you strive to become wealthy, government should take more of your money and determine where and how it can be wasted. The problem is, there aren’t enough “rich” $250,000-plus living on the edge, scared to death, stretched-to-the-max people in America to cover for the billions of dollars being printed and distributed before the ink dries. All of it to prop up rotten lending institutions and Wall Street crooks.
Don’t worry, Obama supporters, there are plenty of McCain supporters who would qualify for my special little wealth tax. It’s just that most of them aren’t dumb enough to be proclaiming someone earning enough to support a family of four with a little spare change left behind as being “rich.”
Oh, and one other thing. Oprah will really like this plan. The “O” loves to give things away. Based on reports of her net worth, she would be “donating” about $1.35 billion to the federal government.
Now wouldn’t you love to see the smile she would be sporting on the next cover of her magazine after giving all of that away to her federal government? What, no grateful audience jumping for joy and throwing hugs and kisses her way? She might have to skip being on that cover. Perhaps there is value in my “tax the rich” plan after all.
I'd prefer the government not even be in the "welfare" business at all.
It's not constitutional and they're bad at it.
Let private entities (churches, charities, individuals) care for the poor, voluntarily, with their own money and voluntary donations.
Government welfare isn't voluntary, as far as the source of their money.
That would be ideal. I’ll settle for just cutting out the fraud, and not killing work incentives though....
I am sure if they get our money it won’t help the poor..
Puke..
Democrat definition of “wealthier” = not on welfare
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