Obama TOLD THEM that his populist BS “Was just campaign rhetoric” in 2008.
Filthy Rich Democrats tell ignorant people to hate rich people, while those very same Democrats get EVEN RICHER from the hate of the stupid people.
I’ve always found that to be ironic.
If I knew that increased tax revenue was going to be wisely spent I might be in favor of it. But the politicians (both sides) have always sprnt all the tax money that is collected. So of course if you give more they will spend that too. So, nope, no more money for you.
The UNDERCLASS in UNDERTAXED!! 48% of the people pay NO FEDERAL INCOME TAX!!!!!!! And a good percentage of themGET A CHECK BACK FROM US, the TAXPAYERS!!!!!!!!<P.FLAT TAX! NOW! EVERYONE nneds some skin in the game...EVERYONE!!!! I don’t care if they only pay $300.00 a year they need to be TAXED!!!!
So instead of letting the “Bush Tax Cuts” expire . . .which max out at ridiculously low taxable incomes, certainly far below the “400 richest” Americans . . . why don’t the Democrats just move the max rate up to the “400 richest Americans”?
Or if they’re so concerned about “The Rich” vs. the truck drivers . .why didn’t they eliminate the dividends and capital gains rates when they had both the Congress and the WH?
This just shows how full of crap and divisive these idiots are. And their media lapdogs don’t know enough about taxes and finances to ask the proper questions . . . even if they weren’t so in the tank for these jackasses.
Let’s see how to solve this. How about - The minimum wage should be raised so that all people pay an INCOME tax.
2 planks of communism by Karl Marx:
1. Abolition of private property in land and application of all rents of land to public purpose. Author’s Comment: This is where eminent domain comes into the picture, and even property taxes. Once you own your property outright by paying off your mortgage, you still don’t technically own it because the government could jack up property taxes so high that it makes it unaffordable to remain.
2. A heavy progressive or graduated income tax. Comment: Marginal tax rates increasing as income goes up IS a graduated income tax. This is in opposition to a more fair tax like a national sales tax or flat tax where a person is not taxed at a higher rate the more income they earn.
The more that the reality that we are broke, and that the era of ever-growing government must end, the more desperately they will resort to the rhetoric and the policies of class warfare to sustain their illusions.
Because of the class warfare.. almost all Americas jobs have been shipped to China, India, and points east.. the job providers are not stupid.. they know who despises them..
Liberalism is really just a problem with envy..
Liberals envy the producers.. who are the employers..
Envy politically is called the american democrat party..
We must not let our "rulers" complete their "transformative" intentions by ongoing manufactured "crises," each one ceding more power to the central government.
Instead, American citizens must recognize that, for "the People," the question is between freedom and slavery to government.
"It is proper to take alarm at the first experiment on our liberties. We hold this prudent jealousy to be the first duty of citizens and one of the noblest characteristics of the late Revolution. The freemen of America did not wait till usurped power had strengthened itself by exercise and entangled the wuestion in precedents. They saw all the consequences in the principle [usurpation of power], and they avoided the consequences by denying the principle. We revere this lesson too much . . . to forget it." - James Madison
". . . we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. - Thomas Jefferson
". . . nip the shoots of arbitrary power in the bud, is the only maxim which can ever preserve the liberties of any people. When the people give way, their deceivers, betrayers, and destroyers presss upon them so fast, that there is no resisting afterwards. The nature of the encroachment upon the American constitution is such, as to grow every day more and more encroaching. Like a cancer, it eats faster and faster every hour. The reveue creates pensioners, and the pensioners urge for more revenue. The people grow less steady spirited, and virtuous, the seekers more numerous and more corrupt, and every day increases the circles of their dependents and expectants, until virtue, integrity, public spirit, simplicity, and frugality, become the objects of ridicule and scorn, and vanity, luxury, foppery, selfishness, meanness, and downright venality swallow up the whole society." - John Adams
Tax rates are only a fraction of the picture.
Regardless of the rate when politicians squander the money on buying votes, funding pie in the sky projects and the usual fraud, abuse and waste then there is no point throwing good money after bad.
Liberals had an admittedly good run with their media cheering section convincing people that a welfare state was a good idea but statism has failed, cities are in ruin and despite talk of morality with respect to ‘our most vulnerable Americans’ the reality is that continuing to subsidize sloth, crime, illegitimacy and substance abuse is the most immoral thing we can do.
They believe this because they know the top tax rate was as high as 90% in the 50’s.
Here's the problem. YES, the top tax bracket was 90% in the 50’s BUT there were A LOT more deductions back then. What liberals don't understand is that it doesn't matter what you would pay in income taxes if you took no deductions and declared every cent of your income. What matters is what you ACTUALLY PAY!
So ... having clarified that, lets look at what people ACTUALLY PAY now versus what they paid in the past.
Honestly, I have no idea what exact percent of income tax revenue was paid by the rich in the past, BUT what I do know is that today the bottom 50% of the population pays ZERO!
So... Knowing that today the bottom 50% pay Nothing, and in the past they paid some... I don't even need to know the exact percent that the rich actually paid in taxes... because today they pay MORE than they did in the 50’s! How do I know this ... well if the bottom 50% pay NOTHING today, then the top 50% have to be paying more, that's simple math. The problem is liberals do not know this!!!! they really believe with all their hearts that the rich pay LESS in taxes today than they did in the 50's.
The other thing liberals think that is flat out wrong is that Reagan gave tons of money to the rich through his tax cuts in the 80's. This is ANOTHER misconception, based on lack of knowledge. Yes Reagan cut tax rates .... BUT he also eliminated tons of tax loop holes and deductions... The net result? The rich ended up paying MORE ! ???? what you say??? I know, people don't ever follow this to the end, but yes the top 50% of all tax payers paid MORE total dollars to the government after Reagan's tax cuts than they did before.
Even better way to save money... Cut salaries for politicians and governement employees and ban public union rackets like the SEIU.
The very idea of not pissing away every cent you can get your hands on as fast as you can get your hands on it is sacrilege to them.
Can someone point me toward some data showing the total income of “the rich”, to wit: if we taxed them at 100% the revenue would still be nowhere near enough to cover the deficit?