For some time now, liberals have been demanding—their visages positively aglow with sweet reasonableness—that “the rich” should pay their “fair share” in taxes in order to help the government meet its expenses. Let’s leave aside the fact that they often make up the numbers and manipulate the statistics to suit themselves. (For instance, last year President Obama said that closing loopholes, etc., could produce $1.2 trillion in taxes, now he says it couldn’t produce $800 billion, so only raising marginal rates can force the rich to disgorge their fair share.)
Let´s cut to it. For "progressives", the "fair share" of asset confiscation for the greedy, evil rich is 100%. Of course, this only applies to rich Republicans. So the next step is to exempt Democrats, and I´m sure the schemes to do this will be very creative.
The other question that needs to be asked, is what is a ´fair share´ for every citizen? When over 40% pay NOTHING and get something back, how is that ´fair´?
The left has thrown a slow pitch, but the Republicans keep stepping away from the plate. We can focus on the top 1-2%, but is it ´fair´ that almost half the country pays less than nothing for the benefits they receive?
There has to be a movement to require everyone to ´have skin in the game´. It shouldn´t be that hard- the left has given ample ammunition and verbiage to use against them. Now, if only there were Republicans that knew how to use it.
It makes one miss Breitbart; He was a fearless warrior for Conservatism.
The end game here will be to drain all assets from anyone who is in a position to invest in new productive enterprises. You need capital - money to build the facilities to produce the things we want and need. When government tries to do this they are wasteful and pick only loosers as Obama showed. His green investments were wasted. The efficient way to make these decisions is to have people who play with their own money. They make mistakes sometimes but much less often than government hacks who play with other peoples money. Taxing the rich is a way to cut off all future productive investments and leave everyone much poorer. There is one of the arguments that the timid republicans are afraid to make. We need leadershipl The left has its leadership in Obama stirring up envy and jealousy against any financial inequality. The "rich" don´t consume all their wealth personally, they invest most of it in ways that benefit others more than government spending. When all this capital is spent on the daily needs of the poor nothing is invested in the future and everybody is in a downward spiral to real grinding poverty. Where is the leader who will teach these truths as often as Obama plays his class envy card?
Obama´s objective has been to harm the wealthy class, which also happens to be the hiring class, and what he sows, we shall reap and reap and reap. So we reap a permanently unemployed class which we must subsidize.
Why, you might ask, do we have such persistent high unemployment rates going into Obama´s fifth year? Because what he did didn´t work, and wasn´t intended to work, but just to reinforce his own belief that what he did was justified by class warfare.
And we´ll continue to pay the bill and suffer the consequences until ???
For me the first point to address is the "carried interest" mentioned in the article. The loophole by which buffet and other hedge fund owners pay capital gains rates on the personal services rendered to their investors.
So these jerks get taxed at cap gains rates while they argue that personal services rates should go up.
They get capital gains rates and don´t have to put up any capital!! They just get a share of the increase of their investors´ capital!
Apparently teleprompter doesn´t want too much justice.
There is only one part of all this fair share crap that I agree with. Why should a working man pay higher taxes on ´earned income´ than an investor? Capital gains are currently taxed at 15%...I´d love to have that as a maximum tax for anyone...15% and ZERO deductions! But that is a pipe dream with Libs in control. So why not raise capital gains taxes to the exact same level as a working man/woman´s wage taxes?...and what about Social Security and Medicare? No it´s not about investing and returning that money to create jobs, that´s the canard...Now I´d favor the lower tax if the same money was reinvested in jobs but if the investor takes it offshore or puts in their pocket, tax the same as working folks!
The lib mantra is "Government needs more revenue, so we have to raise tax rates." For that to be true, one would have to have the following premises: 1) raising tax rates raises revenue--which is demonstably false since revenue increased with the "Bush" tax cuts and 2) that government is functioning at a 100% efficiently. That it is using its current revenue without a bit of waste. Since I believe that government is at best 50% wasteful(and more likely 100% wasteful) I don´t agree with their mantra.
A flat tax of the same amount on everyone with no deductions would be a step in the right direction. The one improvement on this would be a sales tax on everything that is sold. The libs are going to propose this soon and we should let them have it as long as the marxist income tax is scrapped at the same time. Income tax opens the door for the class warfare which we now see tearing the country apart. A sales tax is a tax on consumption while an income tax is a tax on productivity. When you tax something you get less of it so we are now getting less productivity and more consumption. This can only end in civil strife! The only tax allowed in the original constitution was a sales tax applicable to everybody and not subject to political whim. The founders were much wiser than todays hack politicians. Let us implement their policies before it is too late!
Am I correct that all the media conglomerates screaming ´FAIR SHARE!, FAIR SHARE!´ in fact pay NO TAXES themselves, under the ´sacred´ idea of Freedom of the Press? (cue the choir of angels). What about ´asking´ (that is, demanding) ABC/NBC/CBS/NYTimes/WaPo Inc pay ITS FAIR SHARE!
Peter Schiff: "First of all, I´m in the top two percent. Right now, I´m paying 45% of my total income in income taxes, both to the state of Connecticut and to the federal government, and if you take the 3% Medicare tax. After the tax hikes go into effect next year, more than half -- more than half of my total income is going to go to the government. You tell me, what´s fair about that when medieval serfs pay 25%, I´m paying half? I don´t care what the majority voted to do, they don´t have a right to steal my money just because they vote for it... You know what the wealthy are going to do? They´re going to invest more abroad, they´re not going to work as hard, they´re not going to pay as much in taxes, they´re not going to employ as many people. Their employees are going to pay all the taxes."
Ezra Klein: So, do you think a shutdown is good for the issues and ideas you’re trying to push?Grover Norquist: Not necessarily. I think the original plan for the Republicans was to move the continuing resolution past the debt ceiling and then to sit down with Obama and decide whether he would be willing to trade some relaxation of the sequester for significant reforms of entitlements. That was something Obama might well do. Democrats in the House and the Senate are very concerned about caps and limits in sequestration. Republicans could get significant long-term entitlement reform -- all on the
Yesterday I reported from the National World War Two Memorial on several members of Congress crashing the barricades set up by the National Park Service that were keeping out several hundred Honor Flight veterans — many of whom were WW2 veterans — from visiting their own memorial. The Park Service claimed that the memorial and the entire National Mall area had to be closed because of the government shutdown. The same scene was reenacted again today as two Honor Flights from Missouri and Chicago arrived in prearranged visits. These Honor Flights were met by hundreds of ordinary citizens and about a
In the Darwinian world of media and politics, hardly any primal force compares to Clinton Clout. This week’s serial cancellations of two television productions focusing on Hillary Clinton—a CNN documentary and an NBC miniseries, both of which were announced months ago to great fanfare, controversy, and bitter complaints from her partisans and detractors—prove once again that she and her presidential husband have not only triangulated the power map, they’ve pretty much drawn it. “Lights, camera, no reaction,” crowed Nick Merrill, Hillary’s spokesman since she left public office as secretary of state; he’s one of many operatives and supporters who are
It was supposed to be joke on General David Petraeus, but the New York City Police Department wasn´t laughing. Police say a friend mailed a fake grenade to General Petraeus´ office in the Solow Building on 58th Street. His secretary opened the box around noon Tuesday and saw what she thought was a real grenade. Investigators describe it as a "novelty item." Police evacuated the office and shut down 58th Street between Fifth and Sixth Avenues. They took the package to the building´s courtyard to get a closer look. "Just a lot of police officers, a lot of people that worked in the buildings, "The higher-ups
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AN OLD SAYING sometimes attributed to Mark Twain goes: “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” And so it is with the current view that government spending stimulates the economy. It doesn’t. Government stimulus spending, paid for by running up the federal credit card, is why we have the never-ending Great Recession, though the left keeps fantasizing that spending “saved us from a second great depression.” Now for the good news: The spending spree is over and Barack Obama is a lame duck. He is legislatively paralyzed.
SAN FRANCISCO -- Amazon.com CEO Jeff Bezos is going on a hiring binge to keep up with deliveries from the online retail juggernaut. The electronic commerce pioneer is planning to add more than 70,000 full-time seasonal U.S. jobs. The positions will be located within its fulfillment centers for the holidays and are intended to meet increased seasonal retail demand. The hiring boom for this year´s seasonal work is up 40% from a year ago, when the Internet´s retail giant hired 50,000 seasonal workers. Shares of Amazon are up about 24% this year on expectations for continued growth in sales from media, Kindle
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Avita Samuels has worked at the Mall of America in Minneapolis for the last four years, juggling a sales job with her studies in political science and law at the University of Minnesota. The 24-year-old has been the top sales associate for the last three years and works between 29 and 35 hours a week. But over the past few months, she said, she has watched as friends working in stores around her have their hours and benefits slashed – and she´s worried that she will be next. Forever 21, the clothing store, told staff last month in a memo leaked
The federal government lost its checkbook at midnight, and it may not find it for days or weeks. As the zero-hour drew closer on Monday, with other avenues exhausted, the White House´s Office of Management and Budget told federal agencies that they ´should now execute plans for an orderly shutdown due to the absence of appropriations.´ House Republican leaders on the Rules Committee had discussed the procedures for both parties to appoint ´conferees´--negotiating representatives--for a joint House-Senate conference committee empowered to hash out a compromise of the budget battle that has consumed Washington for days. The House GOP scrambled all
Get ready for Chelsea Clinton Bump Watch 2014 — the only daughter of the former president and former secretary of State is declaring next year the “Year of the Baby.” In an interview for the November issue of Glamour magazine on her work with the Bill, Hillary & Chelsea Clinton Foundation, Clinton reveals that she and husband Marc Mezvinsky are planning for a bouncing addition to their household. According to the 33-year-old Oxford grad, the pair, who married in 2010, sat down together a year after tying the knot and made a list focused on their future, saying, “We want,
On Tuesday evening, left-wing Politico ran a headline story encapsulating the theme of the day: “Government closed, Obamacare falters.” That message marked a massive loss for the Obama administration, which has claimed that Obamacare’s implementation could not be delayed, and used that rationale as an excuse to reject the House’s proposal for a one-year delay in favor of a government shutdown. The narrative began to shift early in the morning on Tuesday, when the Drudge Report ran a lead piece on the Obamacare health exchanges coming up with error messages for users across the country. “OBAMACRASH,” Drudge headlined. He followed
DALLAS —In a shopping center parking lot 1,300 miles from Washington’s bureaucracy and bickering, teen mom Karina Luciano loaded a watermelon and baby formula into her car. Luciano didn’t realize the federal assistance program that just purchased the food items for her children, Aimee, 2, and Jaiden, 11 months, is now in jeopardy because of the government shutdown. “Oh my god, I think I’m going to cry,” Luciano said upon learning the news. “This is really bad.” Nearly 9 million low-income mothers and children receive benefits under the Special Supplemental Nutrition Program for Women, Infants, and Children. Congress’ inability to
First lady Michelle Obama tweeted on Tuesday afternoon that her Twitter account will see fewer updates due to the government shutdown. Due to Congress’s failure to pass legislation to fund the government, updates to this account will be limited. #Shutdown 12:55 PM - 1 Oct 2013. In 2009, FactCheck.org found that the first lady had a staff of 24 people. It is unclear whether any of the first lady’s staff have been furloughed as a result of the government shutdown.
The White House and the Department of the Interior rejected a request from Rep. Steven Palazzo’s office to have World War II veterans visit the World War II memorial in Washington, the Mississippi Republican told The Daily Caller Tuesday. Palazzo helped the veterans commit an act of civil disobedience against the Park Service Tuesday, when the heroes stormed through barricades around the closed memorial. The veterans were visiting the memorial as part of Honor Flight, a non-profit that provides veterans free transport to the nation’s capital to visit the memorials to the wars they fought in. “We got the heads up
New York Magazine writer Jonathan Chait spent his government shutdown day mocking WWII veterans who were shut out by the National Park Service (NPS) when they came to visit the National WWII Memorial in Washington, D.C. On Tuesday morning, Representative Michelle Bachman (R-MN) and several Republican members of Congress helped tear down the barricades shutting the elderly veterans out of the WWII memorial. After the barricades were removed, dozens of veterans flooded in to conduct their often emotional visits. But, thinking he was being funny, Chait took to Twitter to poke fun at the veterans, joking that the NPS should
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President Barack Obama has called off his trip to Malaysia to tackle the US government shutdown, the office of Malaysia´s PM Najib Razak has said. Secretary of State John Kerry will represent him next week instead, the office said. The US government has partially shut down after the two houses of Congress failed to agree a new budget. More than 700,000 federal employees face unpaid leave, and national parks, museums and many buildings are closed. Mr Obama earlier vowed not to allow Republicans to undermine his signature healthcare legislation as a condition to restart the US government. "They demanded ransom," Mr Obama said.
The government shutdown will temporarily slash the staffs and operations of every “nonessential” federal program — which, as you can imagine, adds up to a whole lot of programs. There are the ones you know about, like the national parks and the panda cam. Then there’s everything else. Here’s 21 effects of the shutdown you might not have heard about. 1) No one will oversee the program that makes sure your organic food is actually organic. That’s called the National Organic Standards Program, and its entire staff was furloughed. Also on the Department of Agriculture furlough list: the people who check
If President Obama were really clever, he’d jump at the Republicans’ proposal in the continuing resolution to delay Obamacare for one year. A one-year delay is perhaps the only chance to prevent the Obamacare exchanges from becoming a disaster. Don’t take my word for it. Here’s Kevin Counihan, chief executive of Connecticut’s exchange, Access Health CT: “It is highly complex , it’s unprecedented and it’s not going to be smooth…. This is a two- to three-year implementation we’re doing in 10 months. I wish we had one more year.” The problem is that the test runs have revealed the exchange websites aren’t