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no class warfare is what that idiot in the white house is doing when he says the rich need to pay thier "fair share" but fails to tell you that they are already paying 80% of the tax burden in this country.... and provide all of the jobs...
What are their effective tax rates? Lower or higher than the middle class??
Do your research. Just because they own 80% of the countries wealth, doesn't mean they are being "taxed to death"
no class warfare is what that idiot in the white house is doing when he says the rich need to pay thier "fair share" but fails to tell you that they are already paying 80% of the tax burden in this country.... and provide all of the jobs..
First, the top 1% pay 40% of the taxes not 80%.
Second, ASKED why he robbed banks, Willie Sutton, a hold-up artist of some accomplishment during America’s Depression, answered simply: “Because that’s where the money is.” The same is true of taxes.
Quote:
Why the Rich Pay 40% of Taxes
...
Data from the Tax Foundation bears this out. Between 1987 and 2008, the share of income controlled by the top 1% grew to 20% from 12%. That signals a total share growth of 67%. During the same period, their share of taxes went to 28% from 24%, suggesting share growth of 17%.
In other words, the top 1% share of income grew nearly five times faster than their share of taxes.
As The Economist points out, this same dynamic is true in much of the developed world, as globalization showers larger rewards on winners. At the same time, tax rates have come down in U.S., Great Britain to Denmark, France, Japan and many other developed countries.
“Marginal and average tax rates still rise with income, but overall tax structures are much flatter than they were a generation ago,” The Economist writes.
The reason behind the 40% number doesn’t answer the larger question of whether it’s “fair” to tax the rich more. And it doesn’t mean there won’t be a large economic cost to raising their taxes.
But it does mean that when pundits and politicians talk about the rich paying “a big chunk,” they should be clear that it’s because the rich earn “an even bigger chunk.”
...
One percent of the population earned 17% of income;
The top 400 taxpayers paid an average of 16% on their income;
Third, the rich don't create jobs, consumer demand creates jobs.
I think it's kind of funny to see the same folks who rail against welfare, wic, food stamps, universal healthcare, the unemployed, the working poor, the non-working poor, and essentially anyone who isn't white accusing liberals of engaging in class warfare.
I think it's kind of funny to see the same folks who rail against welfare, wic, food stamps, universal healthcare, the unemployed, the working poor, the non-working poor, and essentially anyone who isn't white accusing liberals of engaging in class warfare.
You could choke on the irony.
The way I think of it is those people didn't consider it class warfare when for the past 30 years policies were changed that only benefit the wealthy while cutting back on policies that help everyone else, widening income inequality to massive scales. But try to undo that and they yell, CLASS WARFARE!
"Between things like Anita Dunn’s professed love for Mao Tse-Tung and the not-controversy surrounding the president’s new campaign slogan (“Forward!”), we suspect White House staffers are getting awfully tired of responding to questions about whether the Obama administration employs at least a few communist-sympathizing officials."
"Rick Bookstaber, who currently serves on President Obama’s Financial Stability Oversight Council, may have just kicked off another round of these questions."
Is there any doubt which way the wind blows with this administration?
So some one in the administration cites something by Karl Marx which to a rightie proves without a doubt that the President,all his staff, the entire administration and all Democrats are all Communists.. That really sounds right to you?
You do realize the Blaze is the online equivalent of the National Enquirer,many of the stories are just made up or are just satirical pieces..
Needlessly grandiose statement as Karl Marx only lived between !818 and 1883 so "NEVER in the history of mankind" is an extreme embellishment of pertinent time frame. And so we can judge whether countries were positive or negative which countries were ever a totally Marxist regime?
So some one in the administration cites something by Karl Marx which to a rightie proves without a doubt that the President,all his staff, the entire administration and all Democrats are all Communists.. That really sounds right to you?
You do realize the Blaze is the online equivalent of the National Enquirer,many of the stories are just made up or are just satirical pieces..
there's a link a few posts down from the original post to the staffers own blog.
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