Soak The Rich

sounds like you take issue with them having become wealthy. perhaps you might consider appreciating that they pick up the tab for so many that do not.
Maybe I should send them all a thank you note.

Concentrating that much wealth on a few is turning this country into a plutocracy. Wealth buys power. I'm concerned with their power and how they are using it more than their wealth.
 
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Maybe I should send them all a thank you note.

Concentrating that much wealth on a few is turning this country into a plutocracy. Wealth buys power. I'm concerned with their power and how they are using it more than their wealth.

I agree with you......Lagnutz, but your solution is MORE centralize government control, which is exactly the opposite of the right thing to do.

Why do we have this concentration of wealth and power? Do you know why my nutty friend? It is because government is too big, too powerful and is concentrated in the hands of a few elites. These elites, who believe they know everything and we are dumb, have chosen to ignore the rule of law and no one is stopping them. A good example of this is what happen in 2008. The Big Banks and Wall Street collude to tank the economy and no one goes to jail....in fact, they get bailed out by the American tax payer and get HUGE pay raises...and your Messiah approves.

And you think raising taxes on the wealthy will help. It will not.
 
I agree with you......Lagnutz, but your solution is MORE centralize government control, which is exactly the opposite of the right thing to do.

Why do we have this concentration of wealth and power? Do you know why my nutty friend? It is because government is too big, too powerful and is concentrated in the hands of a few elites. These elites, who believe they know everything and we are dumb, have chosen to ignore the rule of law and no one is stopping them. A good example of this is what happen in 2008. The Big Banks and Wall Street collude to tank the economy and no one goes to jail....in fact, they get bailed out by the American tax payer and get HUGE pay raises...and your Messiah approves.

And you think raising taxes on the wealthy will help. It will not.
Lagnutz .... I like that. It makes my Lagboltz feel complete.

Have you have been watching too much Rachael Maddow. Just because I'm liberal doesn't mean Obama is my hero. He is as much a part of the Plutocracy as anyone. I agree with you on Wall Street.

As far as the wealthy, I would like to emasculate them by stealing their money with higher taxes to pay down the debt ... but not expand government. I agree it's bloated. There are ways to reduce medical costs. Simply creating malpractice ceilings and forced arbitration will lower hospital costs, and a side effect will have drs. stop covering their asses with unnecessary expensive tests. Hulk Hogan is suing his doctor for $50,000,000 in lost opportunities for not fixing his spine.
 
My Proposal is this. Anybody who earns $25,000 or less pay NO TAXES. If you make Between $25001 -$49,999. you pay 15% .. $50,000-$99,999 you pay 25% $100,000-$499,999 you pay 35% $500,000 - $999,999. you pay 45% $1,000,000 and over you pay 65% Thats fair!

everyone pays 20% is fair. some paying more or less is patently unfair. what you suggest is mob rule. did you notice Tina Turner abandoned her us citizenship to move to switzerland ? and shes not particularly rich.

there is nothing to be gained and much to be list cutting off your hand to spite your thumb.
 
Rubbish. The rich have stolen so much that almost all of us could live very comfortably oby taking about half their loot back.
Last year, maybe two years ago, I did the math... If we took ALL the wealth of the entire nation and divided it equally, each American would have about $136,000. Of course the economy would collapse but hey - Forward!
 
As far as the wealthy, I would like to emasculate them by stealing their money with higher taxes to pay down the debt ...
You have to get past the $1.3 trillion deficit before you can touch the debt... Cutting the $830 billion in "temporary" (but somehow perpetual) stimulus money would be a good start.

If you really want to emasculate the wealthy, eliminate government's power to initiate force against it's citizens. No more regulations, no more subsidies, no more bailouts, they'd have to earn their money the old fashioned way - they'd have to work for it. I guarantee that's a more terrifying prospect than higher taxes.
 
If you really want to emasculate the wealthy, eliminate government's power to initiate force against it's citizens. No more regulations, no more subsidies, no more bailouts, they'd have to earn their money the old fashioned way - they'd have to work for it. I guarantee that's a more terrifying prospect than higher taxes.

You think the government is the driving force that make people rich? Bailouts, subsidies, affect only a very few companies. Most of the wealth in the US is made by entrepreneurs with a good idea, hard work, and the management ability to organize (and grow) a group of people into a large corporation. But make no mistake, you have to be clever and learn things like accounting, learning the tax code, and never give up.

I made $2 million from an engineering firm I started when I was 33 and sold when I was 39. I gave half to my daughter as a irrevocable trust. I put the rest into tax free municipal bonds.

I made $1 million in 4 years by starting a model train store. I bought my partner all the original stuff to stock the shelves. Our deal was he would pay me book value for the stock on the shelves when he was ready to buy me out. The book value was a million dollars - easy money.

I went bust on my 3rd venture - repairing and reselling used computer. Lost $100,000, but great tax write-off.

At age 50 I retired to Bali Indonesia. I bought up some land which jumped up in prices at 30% a year - every year. Now I have $2 million in vacant land. I willed all that land to my son because I don't need the money.

Not one penny of subsidy from the government - but I paid a hunk of taxes along the line.

Oh, yea, and I'm not emasculated either.
 
You think the government is the driving force that make people rich? Bailouts, subsidies, affect only a very few companies. Most of the wealth in the US is made by entrepreneurs with a good idea, hard work, and the management ability to organize (and grow) a group of people into a large corporation. But make no mistake, you have to be clever and learn things like accounting, learning the tax code, and never give up.

I made $2 million from an engineering firm I started when I was 33 and sold when I was 39. I gave half to my daughter as a irrevocable trust. I put the rest into tax free municipal bonds.

I made $1 million in 4 years by starting a model train store. I bought my partner all the original stuff to stock the shelves. Our deal was he would pay me book value for the stock on the shelves when he was ready to buy me out. The book value was a million dollars - easy money.

I went bust on my 3rd venture - repairing and reselling used computer. Lost $100,000, but great tax write-off.

At age 50 I retired to Bali Indonesia. I bought up some land which jumped up in prices at 30% a year - every year. Now I have $2 million in vacant land. I willed all that land to my son because I don't need the money.

Not one penny of subsidy from the government - but I paid a hunk of taxes along the line.

Oh, yea, and I'm not emasculated either.

Congrats to you and your success. Free market capitalism breeds success stories like yours. No doubt you employed many people during your tenure as a successful entrepreneur. America used to be all about allowing it citizens opportunities to succeed or fail and this generated amazing results for millions of us. Yet today, in America controlled by leftism, your kind is denigrated as thieves and frauds....and greedy too, for not wanting to pay MORE in taxes.

I fear the days of successful entrepreneurs are gone because under leftism, we no longer have free market capitalism. We have some combination of socialism, fascism, and cronyism with a small corrupt power elite in control.

As an aside, what made you chose Bali as a place to retire?
 
Most of the wealth in the US is made by entrepreneurs with a good idea, hard work, and the management ability to organize (and grow) a group of people into a large corporation.
:) Yes, I know that.... But the Left believes every "rich" person (who isn't a radical leftist) got that way by stealing their money from the "poor". The only way that would be legally possible is through government.
 
No. I was watching a more significant program, Honey Boo-Boo.

Anyone watch Hannity's special on Friday?

This is where it all starts

Boomtown

http://www.breitbart.com/Big-Journa...-Highlights-Hannity-Boomtown-Cronyism-Special

That looks interesting. If the lib NY Slimes reported on it without the typical slimy lib criticisms, maybe there is hope for this country.

Cronyism is the rule of the land and yet many libs and Ds find BO great, but thought the same cronyism under W was horrific.
 
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I agree what Bill OReilly said,,like close the loopholes. Like the wealthy donate to Charity to escape the IRS. Like Ballplayers buy free tickets for underprivileged children mostly blacks who cant afford to watch a baseball game or an NFL game. They pay tickets so they dont pay the IRS. And buying apartment buildings used as tax shelters.
 
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