Posted on 03/29/2011 8:57:23 PM PDT by Christus_Rex
Yes, tax the Super Rich. Tax them now. Before the other 99% rise up, trigger a new American Revolution, a meltdown and the Great Depression 2.
We know the Super Rich don’t care. Not about you. Nor the American public. They can’t see. Can’t hear. Stay trapped in their Forbes-400 bubble. An echo chamber that isolates them. They see the public as faceless workers, customers, taxpayers. See GOP power on the ascent. Reaganomics is back. Unions on the run. Clueless masses are easily manipulated.
Even Obama is secretly working with the GOP, will never touch his Super Rich donors. Yes, the Super-Rich Delusion is that powerful, infecting all America.
Here’s how one savvy insider who knows described this Super-Rich Delusion: “The top 1% live privileged lives, aren’t worried about much. Families vacation at the best resorts. Their big concerns are finding the best Pilates teacher, best masseuse, best surgeons, best private schools. They aren’t concerned with the underlying deterioration of America or the world, except in the abstract, because they aren’t directly affected by it. That’s not to say they aren’t sympathetic, aware, or don’t talk about the issues you bring up. They are largely concerned with protecting and enhancing their socio-economic positions, ensuring their families live well. And nothing you write about will change things.”
(Excerpt) Read more at marketwatch.com ...
Yer ideas are a damn sight better’n what we have now.
What is “Inside Job”?
I saw “Casino Jack” and was blown away.
Not the same subject I’m sure.
I say tax trhose folks more who advocate taxing the rich- the rich earned theirm oney just like eveeryone else- they shouldn’
t be penalized for having become successful- those who whine about the rich are simply lazy no goods who want the rich to pay their way in life— however, I think htose hwo whine about hte rich should have to pay higher taxes to compensate the rest of society for having to endure their incessant whining
53? What do you do with your time?
It’s going to be hard to sell lottery tickets if the your one in 10,000,000 chance only nets you your two bucks back. If you don’t like the lottery, be above board an just call for it cease. Killing it with stupidly high taxes is just stupid.
Your answer is little better than that of a moderate Democrat co-worker who once opined to me that the graduated income tax was fair because, in some way, a dollar bill in the pocket of a rich man becomes materially different when placed into a beggar's cup. The notion is sheer nonsense, yet it has persisted for decades as a central feature of our system of taxation.
If there is any truth at all to that idea, it lies in the fact that in the hands of the rich man that dollar will do FAR more work, and spawn far more secondary benefits for others than it will in the hands of the beggar. I realize, of course, that if this truth were to become widely known, our tax brackets would have to be inverted; that the lowest income-earners should actually pay a higher percentage in taxes for not having put their money to more beneficial uses.
Tax the rich? No! Tax the poor!
Why, it's even Biblical to boot!
For whosoever hath, to him shall be given, and he shall have more abundance: but whosoever hath not, from him shall be taken away even that he hath.
— St. Matthew 13:12
Screw off and play with toys. ;>)
I’m 62 now and I have had a few medical issues that have also filled my time....but I’m making it... and still playing with my toys. ;>)
Now we’re talkin. Our problem is the rich, and it never was. The rich are the economic engines that provide industry and jobs. Where we failing is in allowing so-called American companies to outsource everything off shore. There should most definitely be tariffs in place to stop that.
We wouldn’t need high taxes if we didn’t have excess spending....decrease the spending significantly and get back to me on taxes.
Good for you! Live it up, we ain’t gettin’ out of this alive!
So, in reading your rant about the big rich, I thought about a recent show I watched by John Stossel. It was about how the rich freeload off the government. They have all kinds of ways to freeload off our hard earned taxes. They use an army of lobbyists to encourage our representatives to make them richer. It would be simpler if instead of taking my tax money, I paid them direct for their product.
In a myopic way, one could be encouraged to do a Madame Defarge and bring back the guillotine. However, I look at the big picture. These billionaires and zillionaires might not be worth a royal walk off the plank, but they do one thing well: They generate capital that pumps wealth into the system. That swimming pool maintenance man rides home with a paycheck because that zillionaire wants the easy life that money can buy. Even if that zillionaire does a Howard Hughes and hides in a room with the shades pulled, his wealth is being managed in the money markets which gives capital to someone like Larry Page to hire more than 20,000 employees at Google.
When the system is working well, even those smucks that would turn nice people like you and me into Madame Defarges, they all look like heroes. Even that nasty George Soros would look like a fuzzy bundle of . . . of dollars when the economy is good.
Precisely.
Christus, you do know Farrell is another well known crank in the finest KRUGMAN mode? This post has reaped a whirlwind of reaction not due to the differences in wealth but to the loss of faith in our own government and their enormous tenancy to deflect all blame by utilizing class warfare to destroy what is commonly known as the American Dream....we have a meritocracy which with hard work, persistence our opportunities are unlimited.
Please post more about Veena Malik when you can. Thanks!
Sure, tax even more the very people who create jobs, that makes so much sense. /s
I don’t blame anyone for taking every legal loophole possible since, at least, fifty percent of everything you pay in taxes is wasted on crap to help get politicians re-elected.
Marketwatch columnist and frothing madman, Paul Farrell, twisted in knots for having predicted a financial Armageddon this year that hasn’t happened, and won’t happen, now asks computer hackers to help salvage his prophecies. He wants computer hackers to commit felonies against Wall Street banks, cripple them, bring on financial chaos, and hopefully start the next civil war. Civil War. I’m not kidding.
Next time a woman is gang raped, we need to just smile and explain to her that a vote was taken and she lost.
It’s not the same thing?
Now we know who has never struggled and sweat and bled to create something only to have it snatched away from them by the self entitled....
We won’t know until it’s tried.
Further refinement: If you don't pay taxes, you don't vote, since, obviously, voting would be a conflict of interest.
Thanks for the follow up on the madman Farrell...I’ll never understand how this crank has managed to get published @ the WSJ....unless this dog whistle type of post draw in some crazy leftist demo(n)graphic that helps the WSJ sell some ads????
‘How about keeping it real simple? Everybody pays 20% on their income quarterly, by check or electronic bill-pay — none of this withholding nonsense. Income being revenue minus expenses. Corporations, not being real people, would not be taxed, but the 20% rate would apply to dividends, obviously. Capital gains would be proceeds on sales minus inflation-indexed basis.”
That has been what CR has been talking about for this whole thread.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.