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Okay this one of those issues where I'm both conservative and liberal.
If your a 1% it all depends on how you receive income; I say if your a 1% with a business that hires 99% then you should not have to be responsible for the "recipient class" since you actually hire them and you may even deserve a tax break if you hire more people. But if your a 1% doctor, lawyer or whomever doesn't hire 99% then yes you should take some responsibility for the recipient class since your only taking money from 99% most likely, your taxes should be higher for sure.
Nah.
One's income comes from their value to the market.
So what do you propose in order for the recipient class to stop feeding off the 1%? I mean lets be honest, most of the 1% wouldn't be where they are today without the 99%. Us 99% expect trickle down economics if we are going to support you by purchasing your services. I promised myself if and when I become a 1% I'm not going to be "greedy" but I'm not going to be a sucker either.
We constitutional conservatives rely on the actual document.
Lefties rely on "case law".
No, a small segment of America, mostly nut cases rely on the document alone. The rest of America, the right minded ones, rely on and live by that case law you hate. Fact is that is how the law works, always has always will. If you lived in the real world with the rest of us you'd know that.
They paid the money back with interest. It was a money maker for the US Government. That benefits me. It would benefit you too if you lived in the US.
Yes, we were all tickled pink that after we lost our 401Ks that at least the some of the major players for us losing all that wealth, got all their money back. F&F we other major players in our economic disaster, and we are also thrilled to see billions of dollars going to them, again, and again, and....
Fannie Mae reported the latest of those Wednesday, booking a $16.9 billion 2011 loss capped off by the loss of $2.4 billion in the fourth quarter.
Fannie Mae asks U.S. for $4.6 billion after 4th-quarter loss - latimes.com (http://www.latimes.com/business/la-fi-fannie-earns-20120229,0,2206301.story - broken link)
Taxpayers have spent more than $150 billion to prop up Fannie and Freddie, the most expensive bailout of the 2008 financial crisis. The government estimates that figure could top $259 billion to support the companies through 2014 after subtracting dividend payments.
Fannie has received more than $116 billion so far from the Treasury Department, the most expensive bailout of a single company.
It is very instructive isn't it, to learn that private banks and financial institutions "paid the money back with interest" but the entity backed by the US federal government is losing money hand over fist, and will never pay us back? Proof once again that the more involved government tries to become in the operations and actions of the private business sector, the more they **** it up.
Keep things as they are, and the recipient class will be lopping off your heads in town square like it's Paris in 1794.
Yes because the recipient class has no self-control or sense of responsibility and are outbreeding the productive class. In many parts of the country, the welfare class already has more births than the working taxpaying class.
I live in a border town and it's amazing how in some grocery stores, they almost don't know how to deal with non-food stamp and WIC food purchases.
One's income comes from their value to the market.
Hmmm...I had a job where two dozen employees were paid within 25 cents of minimum wage. Total payroll under $400K (my estimate, can't be significantly higher given wages noted above).
Our employer spent 1/4 of the year (2-4 weeks at a time) globetrotting and netted $3M per year.
So the value to the market of two dozen people was chump change, whiule our employer's value to the market was $3M?
Military contranctors are in the recipient group...and they're doing great!
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F&F we other major players in our economic disaster, and we are also thrilled to see billions of dollars going to them, again, and again, and....
