The top 1% of wealthy have never had it so good - So why are they so outraged?
source: http://www.salon.com/opinion/feature/2009/07/25/sirota/
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- WakeUpPeople
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But what really makes the ultra-wealthy so fortunate, what truly separates this moment from a run-of-the-mill Gilded Age, is the unprecedented protection the 1-percenters have bought for themselves on the most pressing issues.
To review: With 22,000 Americans dying each year because they lack health insurance, Congress is considering universal healthcare legislation financed by a surcharge on income above $280,000 -- that is, a levy almost exclusively on 1-percenters. This surtax would graze just 5 percent of small businesses and would recoup only part of the $700 billion the 1-percenters received from the Bush tax cuts. In fact, it is so minuscule, those making $1 million annually would pay just $9,000 more in taxes every year -- or nine-tenths of 1 percent of their 12-month haul.
Nonetheless, the 1-percenters have deployed an army to destroy the initiative before it makes progress.
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- Community, Humanism, Current Democrats, Greatest Depression, 1 more
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- News and Politics, US News, US Politics, Taxes, 3 more
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dariusvons
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welcome the the republic oligarchy. democracy is dead.
- 2 years ago
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dariusvons
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kennymotown
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I'm not real sure the one per-centers understand that this day and age they can be found out real easy with the internet and not much work. Having rigged the system and the millions of people without even health care because of the influence these people have, I wonder how they will be able to spend their billions with people storming their castles and chopping off their heads.
- 2 years ago
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kennymotown
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norfair18
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The top 1% are so rich because we have a federal reserve system. A lot of top 1% of people work in banks and are business people. The Fed prints money out of thin air and who do you think are the first people to use this money? The rich people and the banksters of course. Then the rich people get to spend the money and leverage it up at the existing price level before the inflation has a chance to work its way through the economy. Meanwhile the poor and people who work in factories get to use the money last and have to pay for food and energy at inflated prices before they get a chance to use the money. It's really an immoral system actually. People will complain about the bush tax cuts even though they are almost irrelevant. People ought to be paying more attention to monetary policy and austrian economics if they really want to understand this issue.
- 2 years ago
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norfair18
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Mob_Barley
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So everyone's MO is Socialistic who knew ?
Obama - 2 years ago
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Mob_Barley
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bluestranger
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You might be surprised at how little money has to do with it. It's not as much the money as the status and seperation from the rest of us that concerns them. The money is only the wall that they hide behind.
- 2 years ago
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bluestranger
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GodsnLiberals
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see the best revenge we can inflict on these 1% is to have their children skip school..have reckless sex and do nothing but smoke dope all day..that would make them part of the "liberal" masses..
I love it when the dumb and the losers categorize the rich as "white republicans"..its as stupid as saying all "crystal meth addicts are blacks"
you want to be rich (work hard for it ) because all this finger pointing and whining and complaining gains nothing but stagnancy..
- 2 years ago
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GodsnLiberals
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bleem411
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GodsnLiberals:
Since you have the answer for everything explain to me this....my fiance who has to work 48 hours a week on commission to pay the mortgage on a home that doesn't hold the same value it did last year and can't get an adjustment on the payment, also is stuck working for a company that keeps hiring people that don't know how to do the same job my fiance was hired to do and does it far better and with quality comparable to about 1% of the people in his industry but he is having to make money for the people he works with because he has to finish the work they can't do. He however can't just up and leave because of this house without taking a hit on his perfect credit. He works hard and deserves more but the owners of the companies he works for just ignore the problems as do most upper management/owners. So instead of paying him a salary he's worth and training the people who can't do their job they choose to ignore him. He knows if he leaves they will go under like the last two places he worked at and it wasn't due to the recession but poor ethics and employees with no skill. He can't afford to open a business because of the debt insued during the gas insanity where we were spending ruffly $800 a month. He however does not want to open a shop in Florida either because he's tired of dealing with idiots and people with such sh** work ethic that he feels that if he buys the equipment he can do a better job himself than someone that claims to be a professional...So he's beat down by management to stay their slave even though he makes more than all of them combined because they are too stupid to put him on salary and he can't change jobs without incuring a two hour drive or ruined credit. How do you suppose he get out of this mess?
- 2 years ago
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bleem411
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1779fleet
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I have worked and supported a stay at home mother and three children on minimum wage, we received food stamps and some medical care (not much). Inch by Inch I got more training and received more money. My government subsides naturally decreased and then stopped. My children got old enough to take care of themselves and my wife returned to work so our taxes increased.
So what is the point... I live about the same at $15,000 per year as I do at $35,000 per year. I dont know at what point someone starts to see any real benefit in making more money.
I know the people I have worked for during this 20 year period have achieved great wealth by holding their employee cost to a minimum.
Is it really the 1% that are on welfare? They made their money on my poverty wage back. They could not have done that if I was not trapped in survival mode all those years.
- 2 years ago
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1779fleet
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Myna
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Because they have nothing else better to worry about. And, not only that but once any bill finally go through to help even out the economy then it will start a trend of more to come.
- 2 years ago
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Myna
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Denica_Cassandra
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Ok, What about traffic tickets/ fines being regressive?
Why does someone who makes 50 times more than I do get the same fines that I do? They don't have the same effect on the person with more money - it ends up being a more harsh penalty as your income level goes down, regardless of the severity of your infraction.
If a person makes $300,000 a year what does $150 mean to them?
If you make $20,000 a year, $150 can mean groceries. Just a thought... In general our entire justice system is set up to make penalties have harsher consequences on those who are poor. - 2 years ago
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Denica_Cassandra
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StandaboveUnderstand
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Denica_test:
I would like to see your point make front page.
- 2 years ago
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StandaboveUnderstand
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ProjectBat
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Denica_test:
They do actually do this in some european countries, where it all hits on the same rate. I think that's not the best way of doing things though. Even if it costs 30 grand for a speeding ticket, i think we could all agree that's far to much money for a government to extort from it's citizens (whether they can afford it or not).
- 2 years ago
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ProjectBat
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Denica_Cassandra
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Denica_test:
lol, but regressive fines are ok for the poor?
My point is that as your income level drops, you are already being charged that "30k ticket" as relates to your income to fine ratio. The punishment doesn't fit the crime if the punishment is different simply depending on how much money you make. (another example -Bail! Have, get out of jail not-so-free card Vs. Stay in jail till they get to you.)
Cigs are something you choose to buy, so I don't agree with that. (Also I think they're gross ;)
Just a funny tax story... I went to Oregon for the first time a while ago and when I bought lunch I was shocked not to have to pay sales tax. ($5 is really $5?!) I thought it was interesting because I had never really thought about it, living in California my whole life.
- 2 years ago
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Denica_Cassandra
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thecoyote23
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Trickle Down economics is what is leading our economy to dry up. If company A cuts wages and benefits for their workers, the workers can no longer afford to buy from company B. The problem is, company B is also cutting wages and benefits, so their workers can't afford anything from company A. Meanwhile, Upper Management gives themselves the money they saved the company as bonuses. Then all the sudden the economy turns to shite and Upper Management from A and B are wondering why their shares are falling like crazy.
- 2 years ago
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thecoyote23
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montesooma
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thecoyote23:
would you rather wealth trickle down or poverty trickle up.
- 2 years ago
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montesooma
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thecoyote23
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thecoyote23:
I think its pretty much apparent that trickle down economics did not work. Maybe you would rather us have a Plutocracy than a government? Thats what the right wing is really gunning for, the dismantlement of our government in favor of corporate control. You obviously have very little understanding of Enlightenment philosophy and economics.
- 2 years ago
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thecoyote23
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montesooma
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thecoyote23:
Nope, history proves that trickle down works provided the govnment doesn't grab it all up and prevent it from trickling down.
What you mean by saying i don't have understanding is that i haven't drank the class envy koolaid that the govnment gives the small minded to misdirect their attention from it's failed policies. For example it blames oil companies for our energy problems when they are caused precisely by govnment regulating and taxing gas production at every stage and then taxing highly at the pump, all the while prohibiting us from using the oil we have -- forcing us to buy from opec. yeh its the greedy oil companies and their 8cent a gallon profit that is the problem and not the govnment. this is just an example of how you are of little understanding and are easily led by the nose. - 2 years ago
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montesooma
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thecoyote23
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thecoyote23:
No, it was from lifting commodities trading regulations during the Bush administration. Regulations are what tells corporations its not cool to dump toxic waste into our water supply and what not. I think the only history you are reading is Limbaugh's, or maybe too much Ayn Rand.
- 2 years ago
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thecoyote23
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montesooma
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thecoyote23:
regulations say it is cool to dump toxic waste in the water, if you pay xx$ to senator so and so
Regulations also say that a lender must make high risk loans to people who can't pay them back and then pay barnie frank and chris dodd for the privelege, this may crash the economy, but regulations don't care because every liberal knows that americans have a Right to own a home.
Regulations say that oil companies must pay the govnment for each and every stage of the production of gasoline, and they are forbidden to use american oil, making us dependent on foreign oil -- this makes oil high priced but regulations don't care because every liberal knows that drilling for oil destroys the environment etc etc. Every problem we have can be traced to govnment and it's "regulation" but liberals don't care because they have been (sold) i mean told that it's corporations and those greedy corporations that are the problem. Don't be so gullible. - 2 years ago
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montesooma
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thecoyote23
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thecoyote23:
I'm not so gullible, because I do this thing called reading, as opposed to listening to Hannity and Fox news. Apparently you approve of Corporate Fascism over a Democracy.
- 2 years ago
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thecoyote23
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wirehedd
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thecoyote23:
monty reads Coultergeist and thinks her twaddling idiocy is "right on the money" so it's obvious he doesn't have a clue other than what the right wing says. The cpacity for rational independant thought doen't exist there so arguing with it is useless, Just like almost everything else the Limbaugh shittohead losers are expected to think.
monty is a lost cause. Most of us just ignore him like any other barking dog.
- 2 years ago
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wirehedd
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montesooma
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thecoyote23:
There is no such thing as "corporate fascism" fascism is when govnment dips it's dirty hands into the dealings of corporations -- much like what the govnment is doing now by using it's power to steal ownership of corporations and then sharing the spoils with it's supporters(the union) and other favorite liberals.
This is cronyism and fascism at it's finest. If you had a problem with haliburton -- just wait till you see the profit making arrangements that obama is making with G.E, Goldmans Sacs, Big health insurance etc
And every remaining "free" facet of american life will be Dictated by one of his 20+ czars.
If you think this is a good thing, you need your head examined. - 2 years ago
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montesooma
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thecoyote23
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thecoyote23:
AHAHAHAahahhahaha. Yeah, because the unions have a strangle hold on the corporations haha! Man, you are a riot. Where the hell do you live? You must have never lived in an industrial town. You make it out like corporations are some saintly entities bound by the righteous truth of profit, and the evil forces of the workers are cheating CEO's out of their 4 million dollar bonus every quarter.
Here is just one example why you are wrong about everything...CEO's give themselves billions in bonuses while cutting healthcare benefits for the people actually doing the freaking work, and people like you want to complain about healthcare reform while also supporting anti-labor ideals. Labor is pissed because they work over forty hours a week if they are lucky and still can't afford healthcare or to send their kids to college.
- 2 years ago
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thecoyote23
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montesooma
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thecoyote23:
I don't think it's a secret that the auto workers unions and the legacy healthcare costs strangled our big 3 auto makers to death. It doesn't happen as you say that a ceo cuts healthcare for the workers as this is all negotiated in the union contracts -- when the company does finally go under, vulture progressives in the govnment use the oportunity to seize ownership of the company and force it's owners (stockholders) to take a fraction of their investment dollar -- it then turns around and rewards the union for it's assistance in collapsing the company by giving it the lionshare of ownershop. It's just a big sleazy con game to give power to the central govnment.
Open your eyes man! - 2 years ago
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montesooma
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WakeUpPeople
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One of my favorite parts of the article was:
"And most of them benefit from IRS decisions to reduce millionaire audits and collect zero taxes from the majority of major corporations."
And then if you follow this link you'll find that over the last 10 years $1Trillion in revenue has been lost because of tax havens for the wealthy.
http://www.citizen-times.com/apps/pbcs.dll/article?AID=/20090713/OPINION02/90710062/-1/archives
I guess the wealthy can afford to hire people to hide their true income.
- 2 years ago
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WakeUpPeople
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Eleganza
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This brings to mind one of my favorite quotes from JFK. “if free society cannot help the many who are poor, it cannot save the few who are rich”.
Have any of you right wing greedaholics ever read history books? Try reading the details of the French revolution, or the Bolshevik revolution...History is full of examples of the poor reaching a point where they stop asking for a level playing field ...and simply seize the ill gotten gains and execute the pigs. - 2 years ago
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Eleganza
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Leonidis
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Leonidis
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Leonidis
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Leonidis:
check this out.....
- 2 years ago
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Leonidis
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bombastinator
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This is why one percenters are one percetners. You don't get rich by giving your money away.
- 2 years ago
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bombastinator
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Maeveeo
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Seems the 1% are not Democrats !
- 2 years ago
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Maeveeo
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bombastinator
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Maeveeo:
I believe dubyuh once referred to them as "my base"
- 2 years ago
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bombastinator
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courage
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if you and your spouse live in NY or any other liberal haven and make 1 million dollars a year the goverment steals 60 cent from very dollar you make.Every time they are asked how are you going to pay for this or that they say steal more from the rich.Why should the rich stay here why not move to a capitalist country like sweden.
I find the class envy and class hatred promoted by fatcat thieves in the goverment to be disgusting.Vote for me ill make that lucky cheateing filthy evil rich guy PAY!
Sure he works harder and longer than you and risked everything he had over and over to make it but you should be rich too despite the fact that you wont work over 40 hours and you spend your money on drugs and toys.This attitude is unamerican.
FAIRTAX.ORG Congressional Term Limits now! - 2 years ago
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courage
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jh64487
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courage:
that is the most ignorant interpretation of the facts i've ever heard.
A) those liberal havens are the same ones calling for a higher tax on the wealthy. odd...
B) Sweden taxes the bejesus out of it's citizens...did you type the wrong country...?
C) what? a 60% tax? i missed that one. but that still leaves you with 400,000$ a year not including bonuses. cry me a trucking river.
D) we have the highest wealth disparity in the nation in the last 90 years or something like that. we also have some of the loosest tax laws since the great depression.
"Sure he works harder and longer than you and risked everything he had over and over to make it but"
right, because if there's no thing this downturn has proven it's that the CEO's are the ones taking it on the chin while we little men get off scot free. nitwit."rich too despite the fact that you wont work over 40 hours and you spend your money on drugs and toys."
my god...you...you've overtaken John and unclecharlie, bravo sir, bravo. no one's arguing for everyone to be wealthy, i'd like everyone to have a livable wage, something they can support their family on and send their kids to college if they want to go if they're working 40 hours a week. sorry if that's "unamerican", but your idea of america (in terms of the market) looks an awful lot like indonesia or bangaladesh to me.
- 2 years ago
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jh64487
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jh64487
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courage:
what's really cute is my version would look a lot like sweden :0
- 2 years ago
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jh64487
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thecoyote23
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courage:
You are downright offensive. My father worked 40-80 hours a week in a factory only to have them cut benefits every year so the board members could give themselves larger and larger bonuses. He busted his ass all his life and now he is retired and worried that a single illness will bankrupt him because the healthcare that was promised as a part of his retirement has been slashed and slashed at every opportunity.
- 2 years ago
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thecoyote23
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StandaboveUnderstand
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courage:
You really tell it like it is courage! Sweden is so capitalist "Made In Sweden" is on every thing I buy. I have so much more to say but Billy O just came on FOX so I got to go.
Courage don't ever give up Fools like you help us win.
- 2 years ago
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StandaboveUnderstand
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jh64487
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More on that, heres' the crime rate for poor vs. (relatively) wealthy. What do you wanna bet the disparity grows even larger for the super rich. I'm saying, it's time we stop mugging each other and start knocking these kings off their thrones. If the gov ain't going to do it even after we voted in a man of the people on the promises he would...then we gotta do it.
I'm just sayin. There's a difference between having wealth you worked for and accumulating a ridiculous amount of wealth, off of other's labors and unjust labor and tax laws, that is then passed back and forth between friends and is inherited down the family lines. that's called an aristocracy, and it's basically what were living under now (look at the goddamn senate and governors, how many avg income families do you see in that?) while people like montesooma live in the fantasy world of "working hard and getting rich: the american dream" (disney kids, what're you gonna do?)
Annual household income
Some differences were found between household income levels as to whether persons were more or less vulnerable to violent crimes in 2006.
In 2006 —
* Household income less than $7,500, robbery rate were 7 per 1,000 households and $75,000 or more were 2 per 1,000.
* Aggravated assault rates were 13 per 1,000 households for income less than $7,500 and 3 per 1,000 for income $75,000 or more.
- 2 years ago
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jh64487
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dariusvons
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jh64487:
"We the American working population
Hate the fact that eight hours a day
Is wasted on chasing the dream of someone that isn't us
And we may not hate our jobs
But we hate jobs in general
That don't have to do with fighting our own causes
We the American working population
Hate the nine to five day-in day-out
But we'd rather be supporting ourselves
By being paid to perfect the pasttimes
That we have harbored based solely on the fact
That it makes us smile if it sounds dope"aesop rock.
- 2 years ago
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dariusvons
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artemis6
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That is what they pay fox "news" and their brood to do , complain for them . Effective strategy . They own so much it is difficult to boycott them all . We shall have to focus on them one at a time . I think we should get single payer first . That gets big pharma and the HMO s at the same time .
- 2 years ago
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artemis6
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VoyagerFilms
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1 percenters blow! They can cover the cost.
- 2 years ago
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VoyagerFilms
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Ihatethemall
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We are what helps to make these people rich. We work in their factories and buy their products. End all those loopholes for them and make them pay the taxes they are required to pay. I can't pay all the taxes and still buy their goods too.
That pic used in the post is funny. Cracked me the hell up
- 2 years ago
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Ihatethemall
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neocongo
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I don't get the sense it's the 1% doing the complaining. More like monty here and the rest of the dirtbags in the bottom 30% listening to Fox News, Rush Limbaugh, and the rest of the right wing squawk box.
- 2 years ago
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neocongo
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couldntfindausername
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neocongo:
That would be in line with figures repeatedly showing that massive sections of the American working class actually think they are living a middle class life, and constantly overestimate their position on the income ladder [i.e., significantly more Americans claim they fall under the "tax the wealthy" bracket than would actually ever pay higher taxes in a "tax the wealthy" system].
- 2 years ago
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couldntfindausername
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GodsnLiberals
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neocongo:
bill gates is a conservative??
- 2 years ago
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GodsnLiberals
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montesooma
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I got an idea, let people become successful and make big money, and then you keep your greedy dirty hands off of it.
- 2 years ago
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montesooma
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jh64487
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montesooma:
why so we can hear people like you and johnA bitch about how little you make and how hard you work and how unfair the gov is?
nah, i think we'll just ignore you.
- 2 years ago
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jh64487
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thecoyote23
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montesooma:
Maybe you are right. Instead of taxing American citizens we will borrow the money from China with interest! Such a brilliant plan! Oh wait, maybe we should raise taxes for 99% of the population. They are not rich because they don't work hard enough anyways, fuck'em!
- 2 years ago
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thecoyote23
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dariusvons
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montesooma:
but that would mean theat you or I could be equals to them some day... and we cant have that... that's capitalism.
- 2 years ago
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dariusvons
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wirehedd
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how about anything over a a million and you pay a flat 25%. No tax shelters, no deductions or anything else.
The only way to reduce the tax would be to make direct payments to authorized charities from which the donor may take ABSOLUTELY no benefit personally or indirectly.
The donor can get his deduction the year AFTER his donation so there's no immediate way to mess with the numbers and any money offshore over $1 million is taxed at 40% or it becomes the property of the country where it is and too bad so sad for the depositor.
The rich have fucked the poor for so long that they deserve a little backdoor action themselves for a change.
Of course, I also believe that lobbying should be completely outlawed and any politician who has taken ANYTHING from a lobbyist should be banned from public service of any form for life. That's just me. :)
- 2 years ago
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wirehedd
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WakeUpPeople
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wirehedd:
No buddy, it's not just you. Lobbying is just corruption out in the open.
- 2 years ago
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WakeUpPeople
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wayseeker
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wirehedd:
I agree with you but we both know the one percenters will always buy their way out of taxes.
- 2 years ago
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wayseeker
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kivol
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wirehedd:
Its hard for me to swallow 1 million a year. Its even harder to swallow 60 million a year. Some of these CEO gets 100 million dollar bonuses. 25% seems kinda low. I think if you get paid over 10 million 75%. if the CEOs think they can play god with our lives 99% tax.
When half the worlds population lives off a couple dollars a day. High taxes don't seem so bad.
- 2 years ago
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kivol
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kennymotown
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Time to quadruple their taxes, bastards the mess we are in is due to a lot of these ass wipes.
- 2 years ago
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kennymotown
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WakeUpPeople
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kennymotown:
That's the beauty of being rich. If you fuck up royally, you still get paid millions and the little guy gets stuck with the bill.
- 2 years ago
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WakeUpPeople
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WakeUpPeople
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For a $1M/yr income, $9,000 is like asking me for a dime. Why oh why can they not spare it?
- 2 years ago
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WakeUpPeople
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montesooma
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WakeUpPeople:
uh because they already paid 500,000 in tax.
- 2 years ago
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montesooma
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StandaboveUnderstand
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WakeUpPeople:
montesooma you look like a fool with your %50 tax you think the rich pay. It shows us two things one your not smart and two your not rich. Anyone making over $372,950 tax rate is %35 and that is before a high end tax accountant does his magic.
- 2 years ago
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StandaboveUnderstand
