CBO: By the way, the rich already pay more than a fair share in taxes

posted at 5:21 pm on July 10, 2012 by Erika Johnsen

“There’s nothing wrong with asking the wealthy to pay a little more in taxes.” -BHO

I feel like I’m constantly beating readers over the head with the simple logic that, due to America’s national percentage-based and graduated income tax, the country’s wealthy already pay “a little more” than most people do in taxes — why must President Obama insist on making me do that to you? It really would be much more productive if the President would just come out and say, why yes, I would like to take an even larger chunk out of the wealthy’s success in order to expand entitlement spending and effectively redistribute wealth. Instead, he’s constantly implying that the wealthy somehow don’t provide for the lion’s share of taxes, which we all know is patently and painfully false — but here are just the latest set of numbers corroborating the fact.

According to the CBO’s latest analysis released Tuesday, wealthy Americans earn approximately 50 percent of all income, but pay around 70 percent of the federal tax burden.

CBO looked at 2007 through 2009 — the latest years data are available, but enough to include the early effects of the last recession — and found the bottom 20 percent of American earners paid just three-tenths of a percent of the total federal tax burden, while the richest 20 percent paid 67.9 percent of taxes. …

The big losers over the past few years were the rest of the well-off — those in the 60th percent to 99th percent of earnings — who saw their tax burdens go up.

“Specifically, between 2007 and 2009, the share of taxes paid fell for the bottom three income quintiles, was close to flat for the fourth quintile, but rose for the highest quintile,” CBO said. “Within the top quintile, however, the shift was uneven; the share paid by the top percentile fell, and the share paid by the rest of the top quintile rose.”

In terms of actual earnings, the top 1 percent suffered the most in the recession, with their average earnings dropping from $1.9 million to $1.2 million. The lowest 20 percent saw their incomes drop from $23,900 to $23,500 during that time. …

… On average, the lowest 40 percent of earners actually get money back through the income tax code because of refundable tax credits.

Again, if President Obama would simply come clean with his true political motives rather than trying to spin the situation as if the tax code is somehow unfairly geared toward taking advantage of the middle class and letting the wealthy off scot-free, we could all be spared a great deal of soul-grating aggravation.

Take us out, WSJ:

So the 2013 tax cliff is a big enough economic problem that President Obama now wants to postpone it for some taxpayers. But it isn’t so big that he’s willing to curb his desire to raise taxes on tens of thousands of job-creating businesses. …

By Mr. Obama’s economic logic, tax increases matter on middle-income earners but are irrelevant to everyone else. “By the way, these tax cuts for the wealthiest Americans are also the tax cuts that are least likely to promote growth,” as he put it Monday.

But Mr. Obama is demanding tax increases, not tax cuts, and large increases at that. If the Bush tax rates expire as scheduled on December 31, rates on the top two income brackets will jump to 39.6% from 35%, and 36% from 33%. …

The President dismissed all of this as merely affecting 3% of small business owners. But that includes tens of thousands of the most productive, fastest-growing small businesses—those most likely to hire workers amid a national jobless rate of 8.2%.


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It certainly is an Obama day here at HA.

BobMbx on July 10, 2012 at 5:24 PM

“There’s nothing wrong with asking the wealthy to pay a little more in taxes.” -BHO

Raising taxes on anyone right now will result in more people losing their jobs, AND LOWER REVENUES collected by the government. So yeah, there’s something wrong with that!

ITguy on July 10, 2012 at 5:25 PM

Obama’s plan is to run up the debt to infinity. What is a fair share of infinity?

zmdavid on July 10, 2012 at 5:27 PM

Paging bayam!

Del Dolemonte on July 10, 2012 at 5:28 PM

“There’s nothing wrong with asking the wealthy to pay a little more in taxes.” -BHO

…there’s nothing wrong with asking JugEars to spend a LOT LESS…and QUIT WASTEING AND LOSING our money!

KOOLAID2 on July 10, 2012 at 5:29 PM

Did I mention I’m looking forward to the return of Hammer Time?

:-)

ITguy on July 10, 2012 at 5:29 PM

Obama’s plan is to run up the debt to infinity. What is a fair share of infinity?

zmdavid on July 10, 2012 at 5:27 PM

I don’t know, but Chuck Norris might. He counted to infinity….twice.

BobMbx on July 10, 2012 at 5:30 PM

“Fair” is a word best left to per-pubescent people. It is a word devoid of meaning appealing only to feelings and emotions.

tom daschle concerned on July 10, 2012 at 5:30 PM

It really would be much more productive if the President would just come out and say, why yes, I would like to take an even larger chunk out of the wealthy’s success in order to expand entitlement spending and effectively redistribute wealth. Instead, he’s constantly implying that the wealthy somehow don’t provide for the lion’s share of taxes, which we all know is patently and painfully false

It really is painfully pathetic that The One can count on the low information voters, the delusional leftists, and the enabling MSM, to continue to get away with this crap.

dont taze me bro on July 10, 2012 at 5:32 PM

Did I mention I’m looking forward to the return of Hammer Time?

:-)

ITguy on July 10, 2012 at 5:29 PM

You are the second to mention this. What did I miss? I love Hammertime.

Bmore on July 10, 2012 at 5:32 PM

CBO: By the way, the rich already pay more than a fair share in taxes

But it’s not ‘fair’ enough, so say:

Obama
Biden
Nanster
“Cowboy-poerty” Reid
Rosanne (worth $50 million)
The Kennedys (worth God knows how much)
The rest of the Hollywood Left
G. Soros (now many billions is that now?)
OWS (most of whom were either born into wealth or make a ‘living’ via panhandling and government payouts)
Dem Congresscritters who are already rich and get life-time golden-parachute perks after retirement)
Union bosses
The ‘executives’ of groups like PETA, Planned Parenthood, etc. who rake in $100K a year panhandling other rich people)
Bono (who moved his carcass and all his money out of Ireland and to Portugal when Ireland increased its taxes)
Every other liblet you can think of.

That should cover my thoughts for now.

Liam on July 10, 2012 at 5:32 PM

the rich already pay more than a fair share in taxes

Kinda like the “media treated Palin differently” story of a few days back, tell us something we don’t know…Though, it’s nice to have the documented facts in print…

Gohawgs on July 10, 2012 at 5:33 PM

…Beating on America…

KOOLAID2 on July 10, 2012 at 5:33 PM

Fine – just cut govt spending in non-defense departments by 10% – not from baseline, from real spending today to tomorrow. Then we will talk.

Zomcon JEM on July 10, 2012 at 5:35 PM

Paging bayam!

Del Dolemonte on July 10, 2012 at 5:28 PM

Lol. I’ll settle for any troll. They only have two plays though: either a non sequitur or claim the CBO leans right.

Kataklysmic on July 10, 2012 at 5:36 PM

Tangentially, the reason the income gap keeps growing wider, an issue the Democrat Party only pretends to care about, is partly because of the inflationary monetary policy that both parties fully support. They spend twice as much as they take in every year and borrow and print the rest. They give the money they borrow and print to their cronies and special interests, who get richer, while the inflation tax hits the poor and middle class the hardest, redistributing their money to the elites in DC, NY and Chicago. The rich get richer and the poor get poorer and both parties support Geithner’s and Bernanke’s Keynesian policies. Don’t believe me? Just click on my name below and watch the portions of the video in which Romney expresses his support of Geithner and Bernanke.

FloatingRock on July 10, 2012 at 5:37 PM

But….But…..its The Love Of Progressive(ism) Theory,

we TAX the Filthy Uber Dirty Rotten Rich,and Presto/ChangeO
Unicorns will Dance,and the Economy will be as Right as Rain!!

It will be Magical!!!!!!!!!!!!!!!!!!!!!!!!!!
(snark)

canopfor on July 10, 2012 at 5:38 PM

Wow, new aethestitic posted the Fox news link, its true! Mary Katharine Ham, editor at large of HA, I love her!

Bmore on July 10, 2012 at 5:38 PM

I’m part of the 51%….
….that pays taxes.

Preisdent O-blame-a should STFU.

MichaelGabriel on July 10, 2012 at 5:39 PM

Me thinks CEO`s and RightSphere Law Makers,
better look over their shoulders,

whooooooooooo knows when,Hopey the Dopey Ragey will
send out his UnionGoonion(s) Posse,to Harrass and Threaten!!

canopfor on July 10, 2012 at 5:40 PM

canopfor, you also loaded the link, good times!

Bmore on July 10, 2012 at 5:40 PM

Until the O or one his synchophants defines in either raw numbers or percentage terms what he means by “fair”, he is doing nothing but political posturing. But I guess that’s all he’s got.

Cecil on July 10, 2012 at 5:40 PM

Is this a trick “What would a Romney Ad Look Like?” thread again…?

Seven Percent Solution on July 10, 2012 at 5:41 PM

Keep strummin’ that banjo Erika!

We hear ya!

itsspideyman on July 10, 2012 at 5:44 PM

Fair: Take the budget, divide by the population, and send every man, woman, undecided and child a bill for that amount.

Richard Blaine on July 10, 2012 at 5:44 PM

FloatingRock on July 10, 2012 at 5:37 PM

Please continue to wow us with Paultard talking points that we’ve only heard 70 times before.

Mitch Rapp on July 10, 2012 at 5:45 PM

Instead, he’s constantly implying that the wealthy somehow don’t provide for the lion’s share of taxes, which we all know is patently and painfully false.

Worse than that – they like to phrase their little propaganda barrages to imply the Rich don’t pay any taxes.

Go ahead – examine their own words on the subject.

“Have the rich pay their fair share” and all that folderol, as though the rich don’t pay ANY of their share

Chip on July 10, 2012 at 5:47 PM

I feel like I’m constantly beating readers over the head with the simple logic that, due to America’s national percentage-based and graduated income tax, the country’s wealthy already pay “a little more” than most people do in taxes — why must President Obama insist on making me do that to you?

We already know this. Everyone who listens to Rush knows this. We don’t need to be beaten over the head with it. The OWS crowd and those who believe the media are the ones who need to know this. Simply open with once again Obama is lying and marshal the facts against him.

Again, if President Obama would simply come clean with his true political motives rather than trying to spin the situation as if the tax code is somehow unfairly geared toward taking advantage of the middle class and letting the wealthy off scot-free, we could all be spared a great deal of soul-grating aggravation.

He’s never, ever going to do this. Spending emotional time and energy reacting to him in aggravation is letting him live rent free in your head. Focus on exposing his lies. We’re helped more by you giving us a summary of contradictions from multiple sources.

INC on July 10, 2012 at 5:47 PM

Richard Blaine on July 10, 2012 at 5:44 PM

That is fair in my book.

derecho on July 10, 2012 at 5:48 PM

Please continue to wow us with Paultard talking points that we’ve only heard 70 times before.

Mitch Rapp on July 10, 2012 at 5:45 PM

If you were so smart then instead of insulting me you would have explained how anything I said is wrong or how you disagree with me.

FloatingRock on July 10, 2012 at 5:49 PM

Ok Erika, ask AllahP why Romney shouldn’t pound the economy message 8 million times.
Obama pounds the “Pay your fair share” 8 million and 1 times, daily.

kirkill on July 10, 2012 at 5:49 PM

Aside from the fact that raising taxes is a bad idea, I wish someone would pin this guy down about his definition of “wealthy”. It’s too easy for him and other libs to attach an undefined group. I get that it’s intentional… for most of us, there’s always a group who is financially better off. So, this is a classic ploy to pit us against the undefined “them”.

But why don’t prominent conservatives call them on this. Make the libs define it once and for all. But more than just name a number. Justify it.

Chitownmom on July 10, 2012 at 5:49 PM

The wealthy aren’t the problem in this country….
.
…..it’s the 49% dead weight that is the problem.
.
.

A prince never lacks legitimate reasons to break his promise.”
Niccolo Machiavelli

MichaelGabriel on July 10, 2012 at 5:50 PM

Wow, new aethestitic posted the Fox news link, its true! Mary Katharine Ham, editor at large of HA, I love her!

Bmore on July 10, 2012 at 5:38 PM

? She’s joining Hot Air?

Esthier on July 10, 2012 at 5:52 PM

INC on July 10, 2012 at 5:47 PM

yeah, i agree. i would extend that to DC ‘pundits’ who spend way too much time navel gazing about Romney. The problem is barry…and all ‘conservative’ pundits need to ID the problem

r keller on July 10, 2012 at 5:53 PM

Aside from the fact that raising taxes is a bad idea,

Chitownmom on July 10, 2012 at 5:49 PM

Inflation is the most insidious tax and both parties support it. When the Ds and Rs argue about raising taxes or not raising taxes, it’s all just a dog and pony show because if they don’t have enough money they just print it.

And with inflation they don’t even have to send their goons to take it from you by force or dig up your yard, they just print it at their leisure.

FloatingRock on July 10, 2012 at 5:54 PM

Doesn’t the moron-in-chief know that he can pay more? Nothing, I repeat, NOTHING stops anyone from paying a few extra bucks to the government. Perhaps it would be easier if you just thought “I’m just not going to claim all the deductions I’m entitled to take.”. Maybe you could just send a check for more than you owe, or request a refund less than the maximum you could get.

But democrats don’t like to do that unless they can spread the pain around. All the while, they will work in loopholes to get themselves or their favorite constituents a break.

Dillweeds, one and all.

DuctTapeMyBrain on July 10, 2012 at 5:54 PM

Obama adds to his misdirection by going after higher capital gains and dividends taxes, because his target droolers think that “investing” is a code word for rich people hiding dirty money. Raising taxes on invesment income jams a knife into elderly people who live off of modest nest eggs which they’ve spent their lifetimes collecting and guarding. Suddenly, they’re now being demagouged as greedy and told to fork it over. That money, which they earned and already paid taxes on, is key to their independence and dignity, and Obama wants to rob them of more of it, and then credit himself for being fair and compassionate.

86 on July 10, 2012 at 5:54 PM

Paging bayam!

Del Dolemonte on July 10, 2012 at 5:28 PM

Lol. I’ll settle for any troll. They only have two plays though: either a non sequitur or claim the CBO leans right.

Kataklysmic on July 10, 2012 at 5:36 PM

Quite a bit of excitement over on the West thread. libfreeordie started to melt down and then apparently banned itself.

Del Dolemonte on July 10, 2012 at 5:54 PM

Don’t forget ObamaTaxCare has some brand spanking new taxes just for them eveeel richie rich folks too. This includes a 3.8% surtax on investment income and a 0.9% surtax on Medicare, all for those making $250k per year:

http://www.businessinsider.com/here-are-the-new-obamacare-taxes-2012-7

PS I love the job you are doing at HA, Erika.

GnuBreed on July 10, 2012 at 5:54 PM

FloatingRock on July 10, 2012 at 5:37 PM

So, you want everyone to vote for Gary Johnson so that Obama can be POTUS for 4 more years. I think not. This is where your logic and critical thinking skills have fallen on hard times.

Sure “Both Parties” do xyz, but the GOP does have a good percentage of them that are very fiscally conservative, and we plan on voting more of the progressive Repubs out this time too.

kirkill on July 10, 2012 at 5:55 PM

Fair: Take the budget, divide by the population, and send every man, woman, undecided and child a bill for that amount.

Richard Blaine on July 10, 2012 at 5:44 PM

Why do you think they withhold taxes from our paychecks? If they didn’t, and people got a tax bill the end of the year due by April 15, ten states would be empty of their populations. All those people would instead be gathered at the Capitol steps with maybe tar, feathers, and rope. I bet a few would be bringing their own trees, too. *L*

Liam on July 10, 2012 at 5:55 PM

Quite a bit of excitement over on the West thread. libfreeordie started to melt down and then apparently banned itself.

Del Dolemonte on July 10, 2012 at 5:54 PM

Oh my. I’ll have to take a gander.

Kataklysmic on July 10, 2012 at 5:57 PM

It certainly is an Obama day here at HA.

BobMbx on July 10, 2012 at 5:24 PM

…and his friends are busy at DRUDGE!
…JugEars needs to change the sign in our picture on the lectern…
.
…..BIGOT
….Betting On
…A M E R I C A

KOOLAID2 on July 10, 2012 at 5:58 PM

I’m part of the 51%….
….that pays taxes.

Preisdent O-blame-a should STFU.

MichaelGabriel on July 10, 2012 at 5:39 PM

MichaelGabriel:Yup….Say it Loud`n/Proud!!

canopfor on July 10, 2012 at 5:59 PM

Quite a bit of excitement over on the West thread. libfreeordie started to melt down and then apparently banned itself.

Del Dolemonte on July 10, 2012 at 5:54 PM
Oh my. I’ll have to take a gander.

Kataklysmic on July 10, 2012 at 5:57 PM

…it’s been dripping for a while now!

KOOLAID2 on July 10, 2012 at 6:00 PM

It certainly is an Obama day here at HA.

BobMbx on July 10, 2012 at 5:24 PM

BobMbx:

I`ve gots 4 News Websites open,and thats all there is,coming over
the wires!!:)

canopfor on July 10, 2012 at 6:01 PM

if President Obama would simply come clean

If Obama came Clean, it would put him in PRISON. Obama is a Marxist pretending to be a Democrat, he couldn’t tell the truth is his only option were to tell the truth or die.

SWalker on July 10, 2012 at 6:03 PM

So, you want everyone to vote for Gary Johnson so that Obama can be POTUS for 4 more years.

kirkill on July 10, 2012 at 5:55 PM

No, I want everyone to vote for Gary Johnson so that Gary Johnson will be the POTUS for the next 4 years. Screw the corrupt “two party” system, we don’t have two parties anymore, just one corrupt party that plays dog and pony shows with itself to buy special interest votes with other peoples money. Now we have an opportunity to begin the task of fixing America by voting for a genuine reformer who also happens to be the most qualified candidate for President, Gary Johnson.

What I want people to do is to do their civic duty by putting the interests of their country above the special interests of their corrupt, outdated political party. The special interests are destroying the Constitution and the American way.

FloatingRock on July 10, 2012 at 6:04 PM

The word “duh” comes to mind. . ..

totherightofthem on July 10, 2012 at 6:05 PM

Quite a bit of excitement over on the West thread. libfreeordie started to melt down and then apparently banned itself.

Del Dolemonte on July 10, 2012 at 5:54 PM

Del Dolemonte:

Well,if he/she/it,sees this,it`ll be the Coup da Gras thingy,haha!:)
=====================================================================

4:27 pm ET July 10, 2012
‘America Live’

Debate Turns Heated

When Panelists Discuss Whether President Obama Is Taking Black Voters for Granted
VIDEO

http://foxnewsinsider.com/2012/07/10/america-live-debate-turns-heated-when-panelists-discuss-whether-president-obama-is-taking-black-voters-for-granted/

canopfor on July 10, 2012 at 6:05 PM

? She’s joining Hot Air?

Esthier on July 10, 2012 at 5:52 PM

Yes!

Bmore on July 10, 2012 at 6:08 PM

According to the CBO’s latest analysis released Tuesday, wealthy Americans earn approximately 50 percent of all income, but pay around 70 percent of the federal tax burden.

Good luck pushing that bs meme to the middle class who have seen their wealth redistributed to the upper 1%

Uppereastside on July 10, 2012 at 6:09 PM

Obama peaked with SEAL team 6, time to buy myself some President Romney shares at the UK betting windows…

burserker on July 10, 2012 at 6:09 PM

MichaelGabriel:Yup….Say it Loud`n/Proud!!

canopfor on July 10, 2012 at 5:59 PM

The way I see it,
It isn’t the 1% and the 99%,
It’s the 51% and the 49%.
.
They take from us and give to them.

MichaelGabriel on July 10, 2012 at 6:09 PM

From inbox. A tad long.

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes,it would go something like this:
The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.
So, that’s what they decided to do.
The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. ‘Since you are all such good customers,’ he said, ‘I’m going to reduce the cost of your daily beer by $20.’ Drinks for the ten now cost just $80.
The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free.
But what about the other six men – the paying customers? How could they divide the $20 windfall so that everyone would get his ‘fair share?’
They realized that $20 divided by six is $3.33. But if they subtracted that from everybody’s share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man’s bill by roughly the same amount, and he proceeded to work out the amounts each should pay.
And so:
The fifth man, like the first four, now paid nothing (100%savings).
The sixth now paid $2 instead of $3 (33%savings).
The seventh now pay $5 instead of $7 (28%savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).
Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings.
‘I only got a dollar out of the $20,’ declared the sixth man. He pointed to the tenth man, ‘but he got $10!’
‘Yeah, that’s right,’ exclaimed the fifth man. ‘I only saved a dollar, too. It’s unfair that he got ten times more than I got!’
‘That’s true!!’ shouted the seventh man. ‘Why should he get $10 back when I got only two? The wealthy get all the breaks!’
‘Wait a minute,’ yelled the first four men in unison. ‘We didn’t get anything at all. The system exploits the poor!’
The nine men surrounded the tenth and beat him up.
The next night the tenth man didn’t show up for drinks so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn’t have enough money between all of them for even half of the bill!
And that, ladies and gentlemen, journalists and college professors, is how our tax system works!!
The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.

a capella on July 10, 2012 at 6:11 PM

Seems like a refund is in order….

ProfShadow on July 10, 2012 at 6:12 PM

Quite a bit of excitement over on the West thread. libfreeordie started to melt down and then apparently banned itself.

Del Dolemonte on July 10, 2012 at 5:54 PM

He/she obviously didn’t realize that liblet talking points inevitably come full-circle, like a snake eating its own tail. The inherent paradoxes of liberalism, when carried too far, are inevitably liberalism’s own undoing.

I’m not around long, but libfree was trying very hard to sound calm and coherent for once, seeming to make a ‘reasoned’ case (I use the term loosely) and have a ‘discussion’ instead of hurling accusations and epithets. Maybe for the first time in its life (trying to be gender-neutral here–I swear!) it realized that all the talking points of the left, if put together, lead to disaster fr liblets. Maybe it realized that, and sought a saving way out of the dilemma it created for itself.

In any case, it sure was fun to watch! *L*

Liam on July 10, 2012 at 6:15 PM

Good luck pushing that bs meme to the middle class who have seen their wealth redistributed to the upper 1%

Uppereastside on July 10, 2012 at 6:09 PM

Prove it’s bs.

(Starts stopwatch)

Del Dolemonte on July 10, 2012 at 6:16 PM

CBO: By the way, the rich already pay more than a fair share in taxes

it’s still not enough,make them pay more
-lsm/libs….

cmsinaz on July 10, 2012 at 6:17 PM

Great post Erika

gophergirl on July 10, 2012 at 6:18 PM

This is news mostly for the other side because most of us over here on this side have known about this for years. Maybe a few more will take notice bcuz it’s coming from the CBO, but will the slimestreamers give even 10 seconds?

stukinIL4now on July 10, 2012 at 6:19 PM

Quite a bit of excitement over on the West thread. libfreeordie started to melt down and then apparently banned itself.

Del Dolemonte on July 10, 2012 at 5:54 PM

Thanks Del, I could use some good news. :-)

itsspideyman on July 10, 2012 at 6:21 PM

Good luck pushing that bs meme to the middle class who have seen their wealth redistributed to the upper 1%

Uppereastside on July 10, 2012 at 6:09 PM

how is it BS? OTax will hammer the middle class, and Obama promised to raise income taxes on them in a year. Middle Class Warrior?

Slade73 on July 10, 2012 at 6:29 PM

canopfor on July 10, 2012 at 5:59 PM

The way I see it,
It isn’t the 1% and the 99%,
It’s the 51% and the 49%.
.
They take from us and give to them.

MichaelGabriel on July 10, 2012 at 6:09 PM

MichaelGabriel:That absolutely mirrors my thinking,btw,
haven’t seen your name hardly….Welcome:)

canopfor on July 10, 2012 at 6:33 PM

Good luck pushing that bs meme to the middle class who have seen their wealth redistributed to the upper 1%

Uppereastside on July 10, 2012 at 6:09 PM

How? Are they using food stamps? AFDC? Medicare? Medicaid?

itsspideyman on July 10, 2012 at 6:35 PM

If my wealth is ‘redistributed’ to the upper 1%, it’s being done by Democrats in government, using:

Union dues that are turned around by leadership to donate to Democrat candidates.

Elected Dems in localities being on the ‘opposite side’ of the bargaining table when municipal union contracts are up for renewal by the same union bosses who got those Dems elected.

Planned Parenthood, a private corporation, getting millions (literally 34% of its income) from the Treasury by Democrats they helped elect giving it to them. Any opposition is part of the ‘war on women’. This is also called corporate welfare

Farm subsidies, given mostly by Dems, to big food-producing corporations (corporate welfare again). If a small farm takes a penny, the farmer is beholding to the Feds and their rules–like a limit on how much wheat he can grow for his own use. If he needs more, he has to buy it elsewhere. (Commerce Clause in action).

Banks ordered, by law, to make high-risk loans to people who have no business thinking they can afford a house on welfare and unemployment benefits. But Democrats made it the law, with a promise to bail out those banks when the whole idea blew up in their faces. The banks (who often donate to Democrats) got bailed out with taxpayer dollars, and none of the people involve got fired. But Fwank and Dodd got campaign donations from those same banks and financial executives.

And on, and on.

Is that the kind of wealth-redistribution liberals are always talking about? (hint: no)

Liam on July 10, 2012 at 6:35 PM

When you get right down to it, socialist math sucks. Why doesn’t Barry just go out and get a gun and hold rich people up?

He’d be in his element.

GarandFan on July 10, 2012 at 6:39 PM

When you get right down to it, socialist math sucks…

GarandFan on July 10, 2012 at 6:39 PM

Why do you think they stopped teaching real math in school? /sarc

Liam on July 10, 2012 at 6:40 PM

Good luck pushing that bs meme to the middle class who have seen their wealth redistributed to the upper 1%

Uppereastside on July 10, 2012 at 6:09 PM

You mean the ObamaCare mandates?

Chuck Schick on July 10, 2012 at 6:41 PM

yes but its about time those greedy basstids paid a penalty on top of their taxes just for being wealthy.

social justice tax. reparations. a shake down. racism taxalty. whatever. congress can do anything and call it a tax according to the Chief Jester of the supreme court.

mittens on July 10, 2012 at 6:41 PM

I propose a 90% tax on the royalties earned by present and former federal employees, elected and unelected, for works and speeches about their time in government.

BHO will get to pay his “fair share” of this sort of tax, I’m sure.

J_Crater on July 10, 2012 at 6:41 PM

J_Crater on July 10, 2012 at 6:41 PM

Since Hollywoodies spend their entire careers being someone else, and they do maybe (to be ‘fair’) 1.5 movies a year, they should be taxed at 57% of their income.

Liam on July 10, 2012 at 6:47 PM

Quite a bit of excitement over on the West thread. libfreeordie started to melt down and then apparently banned itself.

Del Dolemonte on July 10, 2012 at 5:54 PM

Thanks Del, I could use some good news. :-)

itsspideyman on July 10, 2012 at 6:21 PM

It all started when HumpBot apparently found and then posted a link to the real libfree’s Twit page. See 4:21 PM in that Allen West thread.

Del Dolemonte on July 10, 2012 at 6:53 PM

Good luck pushing that bs meme to the middle class who have seen their wealth redistributed to the upper 1%

Uppereastside on July 10, 2012 at 6:09 PM

Care to provide any specifics to your fantasy?

Yeah, I didn’t think so.

Scrappy on July 10, 2012 at 6:58 PM

How? Are they using food stamps? AFDC? Medicare? Medicaid?

itsspideyman on July 10, 2012 at 6:35 PM

When the government prints money and gives it to their wealthy cronies and special interests the income gap grows wider and their victims grow poorer.

FloatingRock on July 10, 2012 at 6:59 PM

Care to provide any specifics to your fantasy?

Yeah, I didn’t think so.

Scrappy on July 10, 2012 at 6:58 PM

I don’t know what the other person intended but I assume they were talking about all the inflation and bailouts and debt. Inflation is a hidden tax that in redistributes money from the American people to the whoever the government gives the money to to buy votes.

FloatingRock on July 10, 2012 at 7:01 PM

MichaelGabriel:That absolutely mirrors my thinking,btw,
haven’t seen your name hardly….Welcome:)

canopfor on July 10, 2012 at 6:33 PM

I’ve been around, but I’ve been very busy since mid-April. Working 8-10 hours a day, 7 days a week on a business venture (a computer app.)
In that time, I’ve endured the death of a family member, a serious illness with another, a complete and total computer crash, broken air conditioning, the neighbors’ dog barking incessantly, night and day. At the end of the day my eyes are blurry and my hands are sore.

There is the possibility that I could make no money out of this, or I could make some serious dollars.

Why do I keep pushing on, with the possibility of no recognition or reward? Work ethic and the drive to succeed.

Now, if I do succeed financially, do I want to see the government come in and take that money away, to give to people that have done nothing for themselves, all in the name of “social justice“?

MichaelGabriel on July 10, 2012 at 7:04 PM

Liam on July 10, 2012 at 5:32 PM

If means testing for Social Security is on the table then shouldn’t congressional retirement be means tested also. Just a thought.

chemman on July 10, 2012 at 7:07 PM

Now, if I do succeed financially, do I want to see the government come in and take that money away, to give to people that have done nothing for themselves, all in the name of “social justice“?

MichaelGabriel on July 10, 2012 at 7:04 PM

The worst part is the government doesn’t even have to come and take your money by force anymore, that entails a heavy cost on them politically, so they just counterfeit it.

FloatingRock on July 10, 2012 at 7:11 PM

I would just like to say as a small business owner I have had to lay of over 10% of my work force in the last 2 years. While I have taken a pay cut the real victims of president douchebag are the middle and lower income groups.

jdsbengaltiger on July 10, 2012 at 7:12 PM

Ms. Johnsen, you’ve just been out-doing yourself here lately. Thanks for all the great posts.

de rigueur on July 10, 2012 at 7:52 PM

As heard on F&F this morning, this tax increase on those making over $250,000 will pay for a whopping 8.5 DAYS of the deficit.

ladyingray on July 10, 2012 at 8:01 PM

a capella on July 10, 2012 at 6:11 PM

A more illustrative way would be to revise the story so that the drinks were paid in advance — i.e. so everyone got to drink the same amount of beer.

Now when the nine of them assemble they find that when the bartender presents the bill ($90 since there are only nine of them as the tenth man didn’t show) to be paid in advance, they can’t pay the bill in the usual fashion because the nine men previously paid only $41 and there is no tenth guy to pick up the remainder.

The moral: When there is a progressive system, when the high end payer either can’t pay or no longer participates then deficit holes develop that would be very hard to fill.

Russ808 on July 10, 2012 at 8:06 PM

Tax the rich until they’re rich no more.

To all you libtards out there, go ahead a raise taxes. What will you do when the rich decide to close up shop and take their money and put it into offshore accounts or invest in companies overseas.

Will you try to have them detained, take them to court, shame them? It will be hard to do that when they leave the country with jobs in tow.

banzaibob on July 10, 2012 at 8:17 PM

Is Obama’s stupid “Betting on America” sign in Betty Boop font?

UT Cowboy on July 10, 2012 at 8:34 PM

Fair” is a word best left to per-pubescent people. It is a word devoid of meaning appealing only to feelings and emotions.

tom daschle concerned on July 10, 2012 at 5:30 PM

No, fair means equal. Don’t allow the libs to twist its meaning to the point that you forget that.

For example a fair tax would be one that is completely flat because it is completely equal in what each person pays.

michaelthomas on July 11, 2012 at 10:21 AM