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Sure, I agree, then why should we give them a tax cut? And why should we assume that people like Oprah should have about 10000 times as much political clout as any other citizen? The point of a CEO is not to make the country stronger, better, safer, cleaner, more just,etc. So why do them extra favors? They seem to be doing fine for themselves.
Even if Oprah were paying 40% in taxes, she would be spectacularly wealthy and successful. Cut her taxes to 13%, and how is that going to juice the economy, pay off the deficit, and create jobs?
Who is giving "them" a tax cut that nobody else gets? What extra favors do they get?
Well people in power can use those powers to get what they want, even if it isn't good for the public.
Remember profit is profit and those in charge are free to take as much as they want.
It's the same thing with the government, I mean sure you have a "taxed enough already" party but then you have this mass of uneducated and uninformed voters who don't think about the real issues and vote however they are manipulated to vote. The result is you have a government that is free to spend what they spend because they have already been elected and are betting on the fact that they are getting reelected. They are free to create any amount of debt and are free to charge any amount of taxes they feel that will keep getting them reelected.
It's the same story with business, they are free to use all the loopholes, take advantage of all the workers as they possibly can.
That's the nature of greed and you can do a whole lot more damage with greed if you have the resources to do it.
I do not buy into the class warfare rhetoric. I know a number of very wealthy people and they do not plot how to make money by ruining the lives of their employees. They just plan on how to make more money.
If you had read the whole thread you would know that I'm pointing out that the class warfare rhetoric is just that.
This is why Ms. Winfrey is getting a free pass on laying off workers while hauling in 165million this year....
This is all going to go away, just like protests about Guantanamo bay.
I don't think anyone cares is a rich person lays off some employees, but the responses do call into question the logic of cutting taxes on said rich person to create jobs. That is now what CEOs are about. It is usually just the opposite. Jobs = Costs.
WTH man, I guess you missed the link I posted earlier in the thread to this very CD forum, ripping on a Verizon CEO who made 22mil and laid off workers?
Will Obama dare tell Oprah that "she didn't build that" ?
I think obama lost Oprah long ago. He tossed her under the bus after the election and they are no longer buds...
Like he tends to do, once you can no longer help him, you're toast...
He laid off the people, he made money, we didn't stop him. His free pass is just as free as the person mentioned in this thread. Just because some folks complain about how certain people are greedy by firing people to make profits, doesn't mean that the person making the profit isn't getting a free pass.
These complainers don't do much, they aren't the ones to strike or ask for tax reform or make an effort to bring back jobs to this country.
She probably hasn't paid income taxes in ten years......
I would suspect that is accurate for someone of her wealth. Most likely she is living of the interest of one of her private charitable trusts as those of signifcant wealth are able to create and fund.
This is what is so disingenuous about watching those like Warren Buffett and Bill Gates suggesting taxes be raised on those earning $250K or more. They live off the interest of their charitable trusts and any raise in income taxes will not affect them.
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