Bernanke, Paulsen and Bush are letting the rich CEOs keep their million dollar yachts and stick the middle class with th (dollars, compare)

[freefall]

Bernanke, Paulsen and Bush are letting the rich CEOs keep their million dollar yachts and stick the middle class with the bill. They are helping the rich CEOs who always get away with it because they always help each other.

[KevinM782]

Originally Posted by freefall

Bernanke, Paulsen and Bush are letting the rich CEOs keep their million dollar yachts and stick the middle class with the bill. They are helping the rich CEOs who always get away with it because they always help each other.

I agree that it is ridiculous that the people that caused this mess are getting compensated with millions of dollars. But to say that they are sticking the middle class with the bill is wrong. Since the top 1% of earners pay the same amount in taxes as the bottom 95%, I'd say that the rich are the ones paying the bill.

[freefall]

Originally Posted by KevinM782

I agree that it is ridiculous that the people that caused this mess are getting compensated with millions of dollars. But to say that they are sticking the middle class with the bill is wrong. Since the top 1% of earners pay the same amount in taxes as the bottom 95%, I'd say that the rich are the ones paying the bill.

No way, the middle class pays most of the biil. The rich have their tax shelters.

[01Snake]

Originally Posted by freefall

No way, the middle class pays most of the biil. The rich have their tax shelters.

Wow! You must be right.

[jtur88]

And when the 2010 annual bonuses for the CEOs of those bailed out comapnies runs into 8 figures, the NYT will bury the story on page A-36.

[Yeledaf]

Originally Posted by jtur88

And when the 2010 annual bonuses for the CEOs of those bailed out comapnies runs into 8 figures, the NYT will bury the story on page A-36.

That's because rich CEOs constitute the ownership of the NYT.

p.s. They're Democrats.

[freefall]

Originally Posted by Yeledaf

That's because rich CEOs constitute the ownership of the NYT.

p.s. They're Democrats.

Most of the CEOs are Republican, also Bernanke and Paulsen who are in bed with them, along with Bush and Cheney.

[Yeledaf]

Originally Posted by freefall

Most of the CEOs are Republican, also Bernanke and Paulsen who are in bed with them, along with Bush and Cheney.

I referred to the New York Times, which was the reference you quoted.

You seem to be equating wealth with the GOP, thus conveniently omitting Hollywood, publishing, the mainstream media, and many other major wealthy groups, which are laregly Democrat in political sympathies.

The relationship of wealth and politics is a lot more complicated than your simple-minded partisanship would have us believe:

MinnPost - Public Numbers: The party of the rich -- Democrats or Republicans?

[KevinM782]

Originally Posted by freefall

No way, the middle class pays most of the biil. The rich have their tax shelters.

Even with any tax shelters that the rich have, they still pay most of the taxes. The top 1% of earners paid 40% of all the taxes collected. The top 5% paid 60% of the taxes and the top 10% paid 70% of all the taxes. I'll say it again, the rich are the ones getting stuck paying most of the tab.

The Tax Foundation - New Data: Top 1% Pay Greater Dollar Amount in Income Taxes to Federal Government than Bottom 90%

[tablemtn]

You'd have to compare percentage of taxes paid to percentage of overall income earned to get a fair comparison.