Billionaire Warren Buffett, always popular among Democratic redistributionists, says he wants a "minimum tax" on the very rich. Never mind that we already have one, and that what he proposes would hurt both the economy and the middle class. (Snip) Hey, these people are rich — so who cares? Well, you should. Because Buffett´s proposed tax hike is just another way of removing investment capital — the engine of economic growth — from the U.S. economy. It would also do next to nothing to close our long-term budget deficits, now running at $1 trillion plus a year.
How about this, Warren? Why don´t we terminate the tax advantages (retroactively)of private foundations like yours, including the deduction for property contributed to them? Include the asset value in your estate, and pay the estate tax. Let government decide what it wants to do with your income and assets, like you´re recommending for the rest of us.
The Democrats say they want to raise taxes on the rich. But a big portion of the rich population group always supports the liberal Democrats. So what the Republicans should do is OK the Democrats tax hike on the rich, then stand back and watch as the Democrats suddenly change their tune when they can no longer use the threat of such tax hikes on the rich to politically batter the Republicans.
Since everybody with a head on their shoulders knows that such a tax on the rich will not bring in the needed revenue, and that the Democrats will then have to come back with proposals to tax the middle class as that´s where the biggest revenue potential lays. That´s always the way it has been.
I also think that all past Presidents who are living, all past Congresscritters that are living have their retirement income taken away. Also these past Presidents should have their 24 hour security paid by the taxpayer also their offices paid by the taxpayers be terminated. Let them pay for it themselves. These are the people that have created the dire straits this country is in, because they are stupid and didn´t care about anything except getting re-elected.
Really, if higher taxes don´t hurt living standards and people think they get what they for for from higher taxes then pass a law that says anyone who voted as a member of the democratic party must pay 50% no deductions income tax. Make Republicans ineligible for any form of welfare, Social Security or government pay out including the Obama care.
#7...don´t stop there. Going after the government workers, let´s include ALL Social Security Retirees, ALL Civil Service retirements, ALL Military retirements.....WAIT!
People need to wake up and deal with reality. Congress don´t get fat pensions, especially after only one term, as the emails in big red letters indicate, (it´s their outside income that make them rich), Presidents now only get SS protection for 10 years max, no longer lifetime.
Tell me #7...why should all the above give up their earned retirements and you not give up yours?
10´s comment brings to mind the exchange between Barry & Mitt. Barry was whining about some tax write-off the oil companies enjoy. Mitt came back with a comment saying the oil write-offs totaled $3B while Barry wasted $80B on failed green projects. Just remember, that $80B went to cronies and bundlers of the demonrats.
#4: Let´s go through this one point at a time. It was not the SUper RIch who manipulated the RE market. In 1972, the Boston Fed put out a totally FALSE report regarding ´red-lining´. This means that the banks were not lending to ´certain´ neighborhoods. Forget that race immaterial and that if you looked at crecit scores and financial history there was comity at those levels. The result of this LIE was the 1976 Community reinvestment act. The CRA was further strengthened by Klanton(ptoo, ptoo). THAT was the reason for the crash, that plus the assinine ´mark to market´ rule. In regards to Oil, once again you are so far off the mark. The Government makes more off a gallon of gas in taxes than does the producer, retailer and distributor. Maybe if Presnidebt Uhhhhbama had not closed off 1.6 MILLION acres of Federal land that was slated for drilling under W, S & D would be in greater balance and the prices would fall. BUT the Wan WANTS $8.00 a gallon gas; see Stephen Chu´s 2009 NYT article. Frankly, it was only your last line I agreed with.
Chip Wilson, the billionaire founder of yoga clothing retailer Lululemon, has resigned as chairman over controversial statements about body size. Mr Wilson told Bloomberg TV in November that complaints over "see-through pants" were due to overweight women. Some women´s bodies "just don´t actually work´´ for Lululemon trousers, he said. In March, Lululemon had to withdraw one of its yoga trousers from shops after complaints about the sheer fabric. The company blamed the problems on style changes and production issues, but the complaints continued.
US President Barack Obama may have moved the masses attending Nelson Mandela’s memorial service with his stirring eulogy, but it was his grinning "selfie" with the Danish and British premiers that set social networks abuzz. In a candid moment captured by a photographer, Denmark’s Prime Minister Helle Thorning-Schmidt can be seen holding up her smartphone, with Obama lending a helping hand, as they pose for a picture with David Cameron, all three of them smiling broadly in their seats at Soweto’s World Cup stadium.(Snip)Mashable, the news and technology website, ran the photograph under the headline: ‘‘Dear Obama: Funerals are no place
While much was made about President Barack Obama´s handshake with Cuban President Raul Castro at Nelson Mandela´s memorial service, the U.S. leader also gave a warm greeting to Brazilian President Dilma Rousseff, despite recent tension between the two countries. As Obama took his place among other world leaders and dignitaries before he addressed the memorial, he shook hands, embraced and patted them on the shoulder. When Obama arrived at Rousseff, he kissed her on both cheeks The U.S. and Brazil jointly agreed in September to postpone Rousseff´s state visit to Washington - originally scheduled for October - over controversy over
LUNENBURG, Mass. —Investigators say the mother of a Lunenburg teen whose home had racist graffiti sprayed on it last month is a "strong suspect" in the case. According to the search warrant, Isaac Phillip´s mother, Andrea Brazier, replied "OK" when an FBI agent said she was the one who spray painted graffiti on the house. Watch Report "Most of the leads we have followed up throughout the investigation have led back towards the house," said Lunenburg police Lt. Michael Luth. When asked if police considered Brazier a strong suspect, Luth responded, "I would." Court documents also claim Brazier made false statements and then asked
The fight for Christmas took a hit this week when politics bigfooted a troupe of adorable little ballet dancers performing “The Nutcracker.” MSNBC’s Chris Matthews is scheduled to interview President Obama on Thursday night at American University as part of the “Hardball College Tour.” MSNBC approached AU to host the chat, and officials jumped at the chance for a free, hour-long commercial for the university and its students. But the interview, announced Tuesday morning, abruptly kicked the Ballet Petite’s rehearsals of”The Nutcracker” out of AU’s Greenberg Theatre. That didn’t sit well with the ballet school’s staff, teachers and parents who
Well, it’s not like there’s any danger of this stuff crossing the porous border into the US… Tepojaco (Mexico) (AFP) – Mexican authorities scrambled Wednesday to find a truck containing “extremely dangerous” radioactive material used in medical treatment that was stolen by two gunmen two days ago, officials said. The white Volkswagen Worker truck was transporting a teletherapy device containing cobalt-60 when it was stolen Monday in the central Hidalgo state town of Tepojaco, near Mexico City, according to the International Atomic Energy Agency. (Snip)So they found the container, just not the incredibly dangerous material that was in it. The
A fourth student at the University of California Santa Barbara has come down with a strain of meningitis similar to the one that sickened eight Princeton University students in New Jersey, authorities said. The California students began getting sick about three weeks ago, according to a university statement. One student had to have both legs amputated, ABC News has learned. "He´s from my hometown. I hope he is doing well," said David Burkow, another student. "It´s just kind of scary because there is a constant fear." The California school has suspended social events, including sorority and fraternity parties, to avoid
On his way to the podium at the memorial ceremony for former South African president Nelson Mandela, President Obama walked down the line of dignitaries, greeting other leaders there to pay their respects. Among the hands shaken: that of Cuban leader Raul Castro. Obama neither made a special effort to shake Castro’s hand nor to avoid him. A snub might have been awkward: In his speech, Obama praised Mandela’s “greatest gift” as “his recognition that we are all bound together in ways that can be invisible to the eye; that there is a oneness to humanity; that we achieve ourselves by
The Obama State Department has finally released a second round of photos revealing the harrowing devastation wrought by a terrorist attack on the U.S. Consulate in Benghazi on Sept. 11, 2012. The new photographs depict rampant damage to the consulate. They show charred walls, smoldering fires, Arabic graffiti defacing exterior walls, and scattered debris throughout. The extent of the damage would lead any reasonably serious person to conclude that this was a cold, calculated attack, carefully coordinated to mark the 11th anniversary of Sept. 11, 2001. Unfortunately for the American people, the Obama-Clinton-Rice cabal that led to the Benghazi cover-up was
A black fashion student says he was brutally attacked by a gang of Hasidic men who shouted anti-gay slurs at him while he was walking through Williamsburg after a night of partying, the Daily News has learned. Taj Patterson, 22, was headed home to Fort Greene around 4:30 a.m. on Dec. 1 when he says more than a dozen ultra-Orthodox Jewish men began assaulting him on Flushing Ave. and yelling, “Stay down, f----t!”
A “presidential selfie” featuring President Barack Obama, British Prime Minister David Cameron, and Denmark’s Prime Minister Helle Thorning-Schmidt at Nelson Mandela’s memorial service began making the rounds this morning, but it’s the person not included in the frame who caught everyone’s attention: As anyone with two eyes and a Twitter account has noticed, Michelle Obama does not appear amused. Of course, though a picture says a thousand words, not all of those words are necessarily true. FLOTUS might not have even known the photo was taking place. Or she could disapprove of funeral selfies. Either way.
Just how much do many Hollywood liberals hate conservatives? In an interview with Playboy, Ben Affleck said, "When I watch a guy [on film] I know is a big Republican, part of me thinks, I probably wouldn’t like this person if I met him": PLAYBOY: You developed a political profile campaigning for presidential candidates Al Gore, John Kerry and Barack Obama. How did that come about? AFFLECK: I grew up in a house with a mother who was a teacher and a Freedom Rider—very left-wing Democrats living in a heterogeneous working-class neighborhood. I picked up a lot of those values there, and I
MSNBC host Melissa Harris-Perry opened her program over the weekend with a commentary about the Affordable Care Act’s colloquial moniker: “Obamacare.” She said that the word was originally created as a “derogatory term,” designed by white men as a way to delegitimize President Barack Obama and his achievement. However, she said that the term will soon be synonymous with all of Obama’s accomplishments and she urged her audience to use the term with pride. “I want to talk today about a controversial word. It’s a word that has been with us for years, and like it or not, it’s indelibly
Barack Obama has arrived in South Africa to lead the American delegation at a memorial service for former South African President Nelson Mandela in Johannesburg. But his party is reportedly stuck in traffic and he is said to have arrived late at the stadium for the ceremony. [Snip] But Mr Clinton, Mr Carter and his wife Rosalynn have all traveled separately to the event. According to reports, Mr Obama and his delegation are stuck in a lines of traffic caused by tens of thousands of people making their way to the event. Mr Obama is among the foreign leaders who