FACTS: The top 1 percent of income earners paid 38 percent of all federal income taxes in 2008, while the bottom 50 percent paid only 3 percent. Forty-nine percent of U.S. households paid no federal income tax at all. The Top 10 Percent of Earners Paid 70 Percent of Federal Income Taxes.
Why is it that Mitt Romney pays $6.5 million in taxes and the Democrats say he isn't doing his part, but yet 47% of our citizens pay no federal taxes. Maybe we need to get a few bucks from the 47% before we ask more of the rich.
Have do donated yet Chuck? I thought we were all in this together, do do your part too.
With all the tax breaks you get as a millionaire compared to the taxes others support the nation with, you're welcome to prove yourself worthy of being adressed as. ...My Fellow american!!
@onsitestudios: you could look this up on your own if you really wanted to know the answer but the tax paid on interest is a double tax of sorts. See, the money that was invested to gain the interest in the first place was already taxed at regular earnings rates. The reason investment earnings are taxed lower is to keep money flowing. If you want to tax investment gains higher it's only going to discourage investments which means less money for the banks to loan out.
That's a great point. If people like Warren are so concerned then why haven't they done this already... did they not know? Or is there some sort of hidden agenda in regard to what they have said? Idk this is one reason why I don't trust either party anymore. Yeah there are good well intended people on both sides but I get sick and tired of hearing "oh Democrats are so great but Republicans are evil!" and "oh Republicans are the only caring people out there and the democrats are ruining America."
We're going to close the unproductive tax loopholes that have allowed some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying 10 percent of his salary, and that's crazy. It's time we stopped it.
The solution is to kick the rich people asses out of the government. They are so "successful" because they are favored by the government. In fact the government is owned by the rich.
lol, wow, must have really struck a nerve with toddg562 because he unleashed a tirade! Don't you just LOVE the people who want to "stick it" to the rich! There is but one word for them, admittedly or not... JEALOUS. How sad to covet that which belongs to another.
@shopnnut I know. It's pretty self evident. Simple question. The difference between stupidity and ignorance is that stupidity can't deal with being told they're ignorant. Ignorant wants to improve. Stupidity is just that. One simple question, asked over and over again...still can't seem to read.
Since they stopped repeating the tax cuts pay for themselves lie and tax cuts now have to be paid for what is the GOP plan to pay for the temporary Bush tax cuts that are responsible for increasing the debt by $3.2 trillion — 27% of the fiscal deterioration since 2001.
In 2009, roughly 1 in 4 (24.8%) of American households had zero or negative net worth, up from 18.6% in 2007, and 37.1% of households had net worth of less than $12,000, up from 30.0% in 2007.
So FUCK YOU Chuck Wollery and your fat ass wallet.
@toddg562 So...Wollery says "If you're rich and want to pay more, then do so", and you're saying "Fuck you Chuck"? You're saying that rich people shouldn't pay more if they feel that they can? Obviously your percentages above aren't those "rich" though they're largely distorted, but that's another discussion. Perhaps you're confused?
About 97.3 million Americans fall into a low-income category, defined as earning between 100 and 199 percent of the poverty level, based on a new supplemental measure by the Census Bureau, designed to provide a picture of poverty. Together with the 49.1 million who fall below the poverty line and are counted as poor, they number 146.4 million, or 48 percent of the U.S. population. That's up by 4 million from 2009, the earliest numbers for the newly developed poverty measure.
@toddg562 So are you a moron? Woolery is saying that if rich people feel they should give more, here's how. You're going off in some bizarre fit of some kind of nonsensical foaming at the mouth. Simple question, is there something wrong with rich people sending in money if they feel they're not taxed enough? If not, then why "F-U Chuck!" per your original? Perhaps it's more "Fuck You Todd you illiterate yammering jackass" for not getting such a simple concept? Can you read?
@toddg562 Then you, sir, are an idiot. He's pointing out the hypocrisy of people claiming "I feel the rich could give more" and NOT PERSONALLY DOING IT. If anything tongue in cheek it's that hypocrisy, this quote sums it best "The wealthy but uncharitable socialist ceases to be a mystery once you understand relative prices. Voluntary charity is costly to the giver, but voting for charity ... is virtually free."
@toddg562 It appears you're a moron, as I said, and simply cannot read nor address anything approaching a logical conversation. I'm not calling you names, it seems a simple fact. You're trying to throw buckets of other stuff at the wall in an attempt to cover the fact you're an ignorant jackass who can't stay on point, apparently.
No.. what I am saying is that as long as the tax laws remain the way they currently are, the rich are paying their legally required "fair share", and the masses are suffering from it.
I believe the taxes should be put back to what they were before the Bush tax cuts.
If the tax law can be changed to make things unfair, then they can be changed back to make them fair again.
@toddg562 Again, you, sir, are an idiot. Someone says "Orange juice is great, drink orange juice" you tell them to fuck off and extol the virtues of prune jelly. I would suggest your local community college for reading comprehension classes, or video comprehension in this case.
Since 1992, the I.R.S. has compiled data from the returns of the 400 Americans reporting the largest income. In 1992, the top 400 had aggregate taxable income of $16.9 billion and paid federal taxes of 29.2 percent on that sum. In 2008, the aggregate income of the highest 400 had soared to $90.9 billion — a staggering $227.4 million on average — but the rate paid had fallen to 21.5 percent.
In 2009, 238,000 households filed returns with adjusted gross incomes of at least $1 million. One-quarter of them paid an effective federal income tax rate of less than 15 percent, the data shows, and 1,470 paid no federal income tax at all.
This is far less of a rate than the middle class paid.
@onsitestudios I don't know what "guy" you are talking about. I would have to know the specifics. Interest income is taxed at the ordinary income rate. Based on this amount, it would be 35%. Are you referring to income from dividends by chance?
Unfortunately, the Bush tax cuts never translated into robust economic growth. Indeed, we saw the worst growth since World War II. From 2001 to 2007, annual GDP growth averaged just 2.4 percent per year, lower than in any other postwar business cycle. The contrast is starker still when judging against the previous decade. In real terms, GDP grew half as much from 2001 to 2010 as from 1991 to 2000.
@MattWeiler45 Between 2001 and 2010, the Bush tax cuts added $2.6 trillion to the public debt, 50 percent of the total debt accrued during that time. Over the past 10 years, the country has spent more than $400 billion just servicing the debt created by the cuts.
The best-known result of the Bush tax cuts is that virtually all the benefits were conferred upon people who didn't need them at all and who didn't use the money to, say, create more jobs or pay their workers better. Median weekly earnings fell more than 2 percent between 2001 and 2007. Meanwhile, people making over $3 million a year, who account for 0.1 percent of taxpayers, got an average tax cut of $520,000, more than 450 times what the average middle-income family received.
I would bet the almost 10M low income people that had their federal income tax liability erased by those cuts would disagree with you. Then again, most of them probably have no clue.
@toddg562 Probably because they make more, that's basic math. What % pays no income tax in America? So if one were to give a tax cut, to whom would it go? The people who pay income tax or those who do not? Go to the IRS website and see who pays the lion's share of the income taxes in America, then attempt to discuss the 'Bush tax cuts'.
Why would you possibly be against allowing people (any people) to keep a larger share of THEIR income? We have had 2 balanced budgets in the past 50 years. If our federal gov't has proven one thing over time, it is that they are incapable of managing our money. Why would you advocate giving them even more of our money (regardless of who it came from)?
@toddg562 You're trying to talk about B, when Chuck says A. STAY ON POINT...why is it wrong for people who think they can give more to do so? STAY ON POINT..that's the question, clear and simple, straight forward, Chuck says to do it, you say FU Chuck. STAY ON POINT...why is it "F-U Chuck!" for suggesting that those who think they can pay more simply write a check. Can you possibly restrain your ignorance enough to answer that question?
If you want to be taken seriously Mr. crookhunter, you should clean up your speech. It shows a great lack of vocabulary. . . and Mr. Campbell, you need to vote for Romney. He's good at firing people and sending their jobs overseas. That's real responsible. Soon there will be no middle class and no one to pay taxes. That make you happy maybe????
@dalecampbl6 I'm sure some do, but most just steal it from the Federal funds like Dian Feinstein. Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money to a government agency that had just awarded her husband’s real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms.
The wealthy do not increase utility rate and the rise of cost of goods is caused by inflation created by the FED. Weathy people are among the hardest working of all and I work by the hour and do not consider myself a "chump".My uncle built a corporation from scratch working 16 or more hours a day. He paid half million in taxes last year, to poor paid nothing. The IRS illegally charges you taxes on your labor. No law requires it. Spending is the problem. Cut congress! Stop whining.
The wealthy have squeezed every penny they can out of working people by increasing utility rates and the cost of goods while cutting pay and benefits. They have done great over the last 20 years, while working people have seen their income stagnate. Wealthy people are not hard working at all. It's the hourly wage chumps that do the real hard work, you should try it sometime. The wealthy owe it to America to pay more, and since they won't do it voluntarily, the govt must force them to.
@dalecampbl6 You are kind and a good person. I believe things are going to get better in the next couple of years. With your good out look you will land a good job in your field. You would be good in sales, ever thought about a career with a drug company? You will do well no matter what. Keep up the great out look!!!!! Take care, Billy.
@dalecampbl6 while he was working. I got a years pay. I found a job in Customer Service , and thankful to have found that. I did get to retire so I kept my health ins I will have for life until that is cut. These companies are out sourcing at an alarming rate. Until that stops our kids and grand kids are going to have a hard time find work. You made great points
@dalecampbl6 Sir, You are right, I am 51, I wanted to work 10 more years. I loved what I did on top of that, a 100,000 is nothing, well compared to working 10 more years. I can take my retirement in a lump sum at 55, but have to roll it over into IRA. We also had the 401k so I was blessed to have two retirements. That is a sin, for someone to run a company in the ground and cause people to lose jobs then he get 200 million. This madness has to stop. His salary was 20 million a year
@dalecampbl6 I worked for the largest Drug company in the world. The CEO who took over in 1991 brought this company from 14th largest to number one in 1998. He retires in 2001. They turn it over to a guy who had been there for a long time, He ran the company in the ground and they finally fired him. He walked away with 200 million dollars.I was cut back in one of the many cuts still going on and I received $100,000 which I am thankful, after 29 years. So there you have it.
lol conspiracy theory on Tuesday elections. that's hilarious. the bill was passed for election day Tuesday back in 1845 so it didn't interfere with the Sabbath or market day (which was usually Wednesdays) due to most Americans working in agriculture back then when it was established.
@dalecampbl6 Let's hope they do not think of the GOP as the party of Nixon, the president that took us off of a gold standard and turned us in to Keynsians. The reality is that both parties have sold out the American people, congress is corrupted and needs to be term limited out.
@myoungwci Very well stated! Term limits and back to the gold standard. Then they will have to balance the books like we do. Also stop giving money to nations that hate us.
@dalecampbl6 If the goal of the GOP is to empower 0.1% of America how will they ever get elected? It takes 50%+ to win an office. So for the GOP to win they need to make many more rich people. Meanwhile the DEMs claim to be the party of the poor, which means they need to make more poor people in order to stay in power. Does it make sense to support the party that wants more poor people or the party that wants to make more rich people?
....There was a time in American history when paying as much as possible in taxes was the 'patriotic' thing to do. That time has passed. American government, and our politicians specifically, have become 'addicted' to an ever increasing revenue stream, so they can continue to enrich themselves, and to buy votes to keep themselves in jobs that make them very rich.The new American patriot will pay as little in taxes as possible, in order to cure the 'tax addicts' in our government.
@owlet450 We are playing cards on the deck of the Titanic! All the while Joe Six-pack and Sally Soccer Mom will elect our future leaders. Oh....how comforting, indeed. Why, the winner might even receive the Nobel Peace Prize for DOING NOTHING! Lenin once said bombs and force of arms were not necessary to defeat America. He said we could be taken with bare hands, because were are STUPID and DECADENT. He was right, of course. And, Lincoln said America would become a "nation of squabbling groups"
@owlet450 By the last quarter of the nineteenth century, the overwhelming majority of Americans were self-employed as farmers, craftsmen, tradesmen. No matter how poor their standards of consumption might have been, how backbreaking their work might have been, it was theirs, theirs alone, not dependent on the dictates of a “master” (as in eighteenth century England) or a “boss” (as in early industrial America) or a “supervisor” (as in today’s post-industrial America). Not today.
Liberals love penalizing success and rewarding people who make bad decisions. Fuck Matt Damon that Queen. Let's see if he pays 50% of his pay in taxes..yeah right
No Both sides question... And Tuition is directly linked to the Federal Government... Ever heard of fafsa? Colleges can charge whatever they want because the govenrment will always pick up the difference. Think about it. Charge more, and the government will pay more. Whats to stop schools from charging as much as they want?
@dalecampbl6 Right, we need to subsidize the young, except those who paid for their own school. And homeowners, except those who paid for their homes without going bankrupt.
Actually we just need to take money away from responsible people, and give it to people who have been irresponsible. Because responsible people should suffer, and irresponsible people should get benefits and rewards.
Only by rewarding irresponsible behavior can we get... Wait, won't we get more?
@gekkobear Say what? You are trying to claim that those losing their homes are due to irresponsible people own fault? Listen up bucko! Millions of hard working people, worked all their lives, are losing their homes due to NO JOBS! Why no jobs? Mainly because the "Rich Fat Cats" are not going to hire until they see the PARTY of their CHOICE, REPUBLICANS in office again. You are a rich little TEWIRP! KARMA is a beech! One day you will be humbled, count on it!
The truth is social Darwinism? No the truth is the political class in both parties have taken us away from our founding principles based in natural law and human nature that created a system of self-government with the power vested in the people. We've come so far down the dumb down road that many Americans don't even know what the founding principles are and how our system was originally set up to work. We are losing our freedom because we have ignored the founders warnings now we are reaping.
@dalecampbl6 I'm a Republican making 80k/year and I pay taxes. Which kinda sucks, since I have elderly relatives to support. Of course, you'll probably say "the government" (read: my neighbors) should pay for them. But that's immoral. It's up to each of us to take care of our families and our parents and grandparents. It's immoral leaches who won't that are the problem.
In the US the top ten percent income earners probably take 50% plus of thee annual income not to mention own fifty per cent plus of the wealth in the US. There was a time when the top ten percent earned three to four times that of the average american. Since the Reagan- Bush era the top ten percent now earn ten and twenty times what the average american earns. Meanwhile most americans have seen their incomes stagnating and falling whilst the rich get richer and their expense...
@070911021302 The top 10% of income earners pay 70% of federal income tax.the top 5% pay 50%. The "poor" pay nothing at all. Also, many wealthy Americans have lost a great deal of their wealth in the last 10 years due to investments going sour and companies they invested in going belly up. Those making 50-$75,000 pay about 15%. Wealthy Americans did not cause a down turn in the economy. The Fed controls the economy of the US and congress is to blame for corp welfare, NAFTA, GATT, and the WTO.
@kenzo5716 Predatory lending, teaser rate loans and blatant fraud didn't cause it? The bundling of BBB asset backed securities into mortgage backed securities and then bundling those into collateralized debt obligations and rating them AAA didn't cause it? Selling credit default swaps and creating off setting derivative AAA CDO's didn't contribute? There isn't anything in your comment that is remotely true. Wealthy Americans control more wealth than ever.
@kenzo5716 Wealthy Americans have actually done fantastically well over the last decade. It's the hourly wage workers that have seen their income stagnate, yet these are the people who work the hardest only to see all of the their income go to corporations that increase prices every quarter and what's left goes to the government. Working people have literally nothing more to give. A higher tax rate: the cost of controlling 80% of the country's wealth.
@SnugglePuma Well, I guess you wouldn't call the Federal Reserve Bankster "wealthy Americans. My uncle paid over half a million in taxes last year and his investments went way down so he didn't do better as you say. The poor pay nothing and the government illegally requires (forces!) you to pay taxes on your labor. There is no law requiring a person to pay taxes on their labor. Class hatred sucks and you should stop using it as an excuse. Stop blaming successful people.
@kenzo5716 is they outrage over the completely out of control spending that goes on in Washington? We do not have a revenue problem in this country we have a spending problem. You could double or triple taxes on the wealthy, but if you don't get democrat and republican spending under control it won't make a fraction of a difference. They will just spend more. And stop allowing the FED to print money out of thin air, taxing it forever, and causing unbridled inflation.
@kenzo5716 No, fuck you. Your rich little cock sucking uncle made millions investing in companies that fucked over their wage laborers. He WILL pay for his crimes...
@SnugglePuma Shows how little commies like yourself know about my uncle and his company. His employees love him and he made the money to start his company working sometimes pulling double shifts on the Alaskan pipe line in the freezing cold for almost 10 years while lazy-ass commie pussies like you stayed in bed till noon everyday complaining about the success hard working people like my uncle achieved BTW, I am my own man and do not work for my uncle. I learned a skill. LOSER!
@kenzo5716 So let me get this straight, the workers built the pipeline, while your uncle reaped the benefits. Those workers are stupid if they never stopped to think, maybe we should get a fair share out of this...
@kenzo5716 You don't even know me shit head, and your uncle doesn't work. It sounds to me like he is an investor, which is akin to gambling. Sorry, that's not "work".
@SnugglePuma My uncle owns a manufacturing comapany and works his ass off about 14-16 hours a day, while you lay in bed till noon playing with your noodle and wishing you had a girlfriend to support you. You are a lazy commie and a loser. And, of course my uncle invests some of his company's money. How else do you expect him to pay retirement and provide health insurance to his employees and his and their families? What an ignorant bonehead you are. Yes, I know your type very well.
@kenzo5716 You don't even know me! How about this, you lay in bed until 7 AM when you probably get up for prison roll call.
Rich people waste the livelihoods of others humans and rationalize it with the self righteous attitude that they are inherently better than everyone else. Rich people are thieves and liars with no morals. Shut up and pay your fucking taxes.
@SnugglePuma Yes, I know your type very well. Always evnious of other's achievements and success and hate those who have the initiative to better themselves. You really need to get a job and seek counseling. The world does NOT owe you a living. You are a pitiful creature, unable to reason with your own inabilities. You have NO right to anyone's money or belongings. Why don't you just move to pitiful Cuba or cruel North Korea, where they share your warped views. Coward?
@kenzo5716 Again, you don't even know me. In your little warped world every liberal is unemployed living in his or her moms basement collecting food stamps and welfare checks. And every conservative is a hard working millionaire employing more than 100 wage labor chumps, either that or studying for your PhD at John Hopkins. It seems so plausible...
@SnugglePuma yeah!! that worked so well in the former U.S.S.R didn't it oh boy Stalin would have been so proud of you. If they wanted a "fair" share they could start their own company and and compete for the chance to do the work. But then again asking the govt. to steal it for you is so much easier.
@lisalynn47 What isn't "fair" are the International Bankster families (FED) , with NO dedication to this country, printing money out of thin air, using OUR ink, Our presses and our Treasury Department, to inflate this "economy" with worthless FIAT MONEY. and causing terminal inflation future generations will NEVER overcome. Not Additionally, every "note" (the swindlers call it a "dollar) has interest attached to it designed to NEVER be paid off, and to enrich the Banksters. Fair??
@lisalynn47 The Federal Reserve is not owned by the people of America. American money, marked "Federal Reserve Note," is rife with occultic symbols and meanings unknown to most Americans. The Federal Reserve prints American currency, lends it to the American government and charges interest, which is paid for by Americans FOREVER, giving up large portions of their earnings in the form of "income tax." Isn't it interesting the FED, IRS and ADL were all created the same year? WHY???
@lisalynn47 Its not fair, get mad if you want to, but more imprtnat get even. Do something about it. Protest, Lobby, Occupy. It does not have to be like this...
Some nerve, Mr. Woolery........ Some nerve. Living high on what, .... residuals?
You belong to 2 or 3 unions, right? And what a helluva good job they've done for actors, writers, directors, et. al. , protecting valuable rights to "residuals".
Residuals even for successful game show hosts.
Damn good thing those 20th century American blue-collar suckers that hung doors & bumpers & windshields on American vehicles didn't get residuals.
Just a passing thought in 2 minutes and 2 seconds.
On the first sight it offcourse makes sense. 'TAX THE RICH!' But that won't change a fucking thing. It would be like saying to John Dillinger, back in the day, to 'STOP ROBBING BANKS!' It won't work. the system needs to change.
I honestly would just like to understand how increasing taxes on the so called "rich," which obviously includes businesses and corporations, is going to boost the economy and create jobs. So taxing a particular business for example will allow enable them to afford more staff members? They're losing money, but they're going to be able to hire people? Somehow I don't think so. What will happen is they will no longer be able to afford the amount of incoming product and they will lay people off.
@RockyBalboa7777 You are correct. Taxing will only create more "government jobs" and fund handouts
( including medical care) for welfare recipients and jobless immigrants, including illegals and their families It is also amazing how the government profits from high gasoline prices. The more it costs, the more tax revenue Big Brother generates. Exxon made 11 BILLION in one, single quarter last year and paid ... "0"... taxes. Congress remained silent and the people suffer.
The other thing that the idiot doesn't realize is that 50% of his multi-billion dollar empire is barely a dent in his lifestyle while 50% of my earnings is $50,000 more of my earnings going to feed the lazy and unemployed.
@deniatus buffet wouldn't pay that much in taxes because most of his wealth would be classified as capital gains, which are taxed at a lower rate than income
I'm getting tired of idiots like Buffett telling everyone they should pay higher taxes if rich. What constitutes as "rich"? I make barely over $250K a year and pay OVER 30% of it to the government according to my tax guy / best friend. Explain to me WHY I should lower my standard of living simply because idiots thought they didn't need college or didn't work hard enough to get promoted? I started at ZERO and got up to my current lifestyle through HARD WORK.
You barely make $250K a year? You poor guy..How do you manage on "only" twenty thousand a month?
What constitutes rich? $250,000 puts you in the richest 1-2% of Americans. So you are richer than the other 98% of Americans who by your analysis were idiotic because they didn't go to college or too lazy to get promoted. By the way if every america went to college would they be earning $250k plus a year? Eg lazy police officers, nurses, teachers, construction workers, engineers etc
You're not understanding the MAIN point I was making. Why should I lower MY standards of living so more of my money can go to funding future college (read: party) students and paying for an ever increasing number of welfare abusers?
Don't be a jackass; In the context I was using my income salary, I simply meant I barely make over a quarter million so I qualify, yet if I was making $249,999 I wouldn't see a tax increase. WTF...WE NEED FLAT RATE TAXES!
I probably spend about 40% of my yearly salary (including child support) and save the rest for when I retire (goal is to retire at age 50). They were idiots to assume they'd make a good salary when there are MILLIONS of foreigners attending school to take these jobs! I never said "lazy", they just didn't give that extra bit of hard work to push them through to upper management. My reward is getting to sit in a chair and overseeing my employees from an upper deck office...
Obama is a CON-MAN with alotta rich people behind him who have covered his criminal past- he NEVER misses an opportunity for the TV spotlight because his likeability covers his CRIMINAL past and people ignore his 2 SSN's and the FORGED birth certificate- EVERY WORD FROM his mouth is a LIE- THE MOST SECRETIVE of ALL presidents- EVERY part of his past has been hidden- he even surrendered his law license to avoid investigation- OBAMA IS THE BIGGEST FRAUD OF ALL TIME-
Not calling what we're going through what it is doesn't change the fact that this is a depression. It's a government manufactured depression. Change the government and we can get out of this mess. Hope doesn't do anything but wait for change.
He is right. If you think you are not taxed enough send the government a check. I have always like Chuck Woolery and Pat Sajak, they are the best game show hosts and clearly the smartest.
Buffet is so disingenuous. He advocates raising his own taxes, but this video points out that that is not what he wants. He can send more of his own money to the govt any time he pleases. What he really wants is to FORCE other rich people to pay more to the govt. He wants to use the power of the state to take money from other people for purposes they do not advocate, but he does. He wants the govt to steal on his behalf. Buffet is a genius investor, but an immoral loser.
no one is going to go homeless because somebody else is rich.anyone who believes that is ridiculous. we all have the same oppurtunities in this country.unless the left gets their way. then none of us will. i do not want to be enslaved to the government. i want me, my kids ,and eventually my grandkids all to have the same oppurtunities that i did.i am not rich, but through hard work, im not poor either.i rthink we all need to start appreciating the country in which we live.god bless america!!
@margiemp - I agree, hard work, education, and work ethic will get you far in life, BUT a flat tax on all citizens would be the fairest way to handle it. That way the more you make the more you pay. I miss the USA that would fight a communist or socialist. It undermines our entire way of life. But at the same time capitalism needs to be fair. There is a social contract with the working class that has been trampled on. A company must care more about people and not JUST the bottom line.
@margiemp Actually we don't all opportunities. In this capitalist society, capitalism works well VERY RICH, and is rapidly becoming a Corporate Oligarchy. Hard work? It's statistically factual that productivity has increased over the years and wages + benefits have decreased. We're working harder for LESS.
If tax cuts for rich work, where were the jobs during the Bush administration? Clinton created a few million jobs and HE taxed the rich. Explain this to me, why is that bad again?
NEWS FLASH: We have a fiat currency system, which makes it a public trust. Apparently, you don't understand the concept of "illegal." You can't just start a business selling financial information. IT IS ILLEGAL. I-L-L-E-G-A-L. Against the law. People aren't investing? I hope you're joking...if people aren't spending...they're saving...There's only two possibilities. If they are saving, they are investing...They can't not do both. We've grown over 20% in the last year.
@LucidDreamz613 HA HA HA HA! Fail again! Using a fiat currency has NOTHING to do with who has rights to wealth. Are you actually stupid enough to believe that, or were you hoping I was? Whether a fiat currency issued by the government or a private bank (and YES, we used to have those), doesn't change the fact that the WEALTH -- the VALUE -- still belongs to person who created it (and YES, wealth IS created, not just redistributed).
@LucidDreamz613 Funny, I don't recall suggesting you do anything illegal to make money. Strange that your thoughts should have immediately leapt to that idea. I said come up with an idea, scrape up some capital, hire some workers, and start being a producer and not a looter. Liberal minds are funny things, aren't they? The things they come up with...
@LucidDreamz613 SAVINGS does not necessarily translate into INVESTING. Funny, an financial "expert" should have known that -- odd that you didn't. True, some people have their money in simple savings accounts with a minimal rate of return (what is it, 3% on average right now), which could be construed as a form of investing. But they're not hiring, they're not expanding their businesses, they're not gambling on new ventures -- they're not INVESTING. And they're not buying Treasuries.
@LambdaKore Fiat currency is issued by the government. If they need more money, they print it and reduce the value of the already existing currency. Whenever money is printed, it reduces the value of the holders and shifts it into the hands of the government. It's a little thing we call inflation. You told me to go off and start my own business. In my field, that's illegal.
@LucidDreamz613 "Fiat currency is issued by the government. If they need more money, they print it and reduce the value of the already existing currency. " So you DO understand basic economic principles. Goody for you.
@LucidDreamz613 "Whenever money is printed, it reduces the value of the holders and shifts it into the hands of the government." Well, yes and no. I would say that the government printing these new dollars then gets to spend them at the current rate of exchange, and that the value of all dollars decreases as these new dollars filter out into the economy, increasing the money supply. But you were pretty close.
@LambdaKore "I would say" It doesn't matter what you'd say because you don't know anything. Are you seriously going to sit there and try to talk to me about the most basic principal of inflation? Currency valuations update continuously. Any substantial printing of money effects pricing. Look at hyper inflation in emerging markets where prices can increase 100% in a day. It isn't about them filtering in and there being some sort of delay. Welcome to the era of information.
@LucidDreamz613 HA HA HA HA! Wrong again, dumb-ass! HA HA HA HA! Yes, stupid, there is most DEFINITELY a lag period between new dollars filtering into an economy and the gradual devaluation of all existing dollars. It is NOT an immediate effect. And considering that you're only right maybe at most 40% to 50% on even the most basic economic principles, then yeah, I'll lecture you if you're willing to listen. God knows you need the education. I can't imagine how you got this far without one.
@LambdaKore Maybe 20 years ago, there was a time delay. Now prices go up at the mention of money being printed. Welcome to the 21st century. We have these things called computers and the internet here. It's craaazzzyyy. Information actually travels around the world at light speed! How would you know how often I'm right? You don't fucking now anything. You are completely clueless. You said no one was buying treasuries and SAVINGS ACCOUNTS YIELDED 3% Fucking moron lol
@LucidDreamz613 "You don't fucking now anything. You are completely clueless." And yet you're taking all of this SO personally. I must be saying SOMETHING right to aggravate you so. Hmm... what could it be? Oh, yeah: EVERYTHING! (And for the record, my S&L yields 3.5% on savings, and that's about average around here.)
@LambdaKore Once again, you are retarded. Krugman is brilliant and was using the Alien Invasion as an example. He was talking about increased spending. He was saying if the entire world were suddenly forced to increased spending, the recession would be over. He used aliens as an example because that would effect the entire global economy, rather than saying a world war than engulfed every country. The highest S&L rate I've seen is 1%. I call BS on 3.5.
@LucidDreamz613 "Krugman is brilliant" HA HA HA HA! FAIL! HA HA HA HA! I am shocked -- shocked, I tell you -- that you would admire him. Using Krugman's argument, we should hire hordes of workers to erect dozens of skyscrapers, and then hordes more to knock them down again and cart away the debris, then start all over again. Pointless and wasteful as hell, but think of the economic stimulus! HA HA HA HA!
@LucidDreamz613 So tell me this: if wealth is a trust, and you're entitled to leech a portion from anyone wealthier than you simply because you claim to need it, what happens when someone poorer than you wants a share of YOUR wealth? After all, it's not YOUR wealth: it's a trust, and the poor slob NEEDS it, so who are you to protest? I think you'll find that the joke stops being funny when it starts being you.
@LucidDreamz613 A TRUST in the form you describe has NOTHING to do with the private accumulation of wealth, you moron. Are you SURE you're an "expert"? Seriously, I'm giving you a chance to come clean on this: no harm, no foul. :D
@LucidDreamz613 To imply that a person's wealth is a trust is to imply that the wealth doesn't really belong to them at all. If I work all day, pinch my pennies, and build up some savings over time, then that wealth most certainly does belong to me, and God help the man who tries to take it without my consent. No matter how loud a tantrum you throw, how many tears you cry, or how long you hold your breath, it won't change a single penny of mine into a single penny of yours.
@LucidDreamz613 Jesus Christ, dude. Why don't you just have the words "From each according to his ability, to each according to his needs" engraved over the entrance to your building, or painted on your door? At least WARN people that you're a looter before they hand over their cash.
@LucidDreamz613 If some poor slob sticks a gun in your ribs and demands your wallet, do you hand it over because you're afraid for your life, or do you do it gladly, willingly? Do you take him home and hand over your wife's jewelry? If he's walking, do you give him the keys to your second car? After all, he probably needs one. Something tells me you'll resist to the extent your able -- this is YOUR wealth, after all. Hypocrite.
@LambdaKore I just attended a charity event a donated money two days ago. Unlike you, I'm not a greedy piece of elitist trash that looks down on everyone who has less than I do. Seriously, who the fuck do you think you are? You think you're better than everyone else? I look down on you because you are fucking scum. Greedy, worthless, stupid, uneducated scum. You are fucking trash, plain and simple. Go get an education, you worthless drain on society.
@LucidDreamz613 "Unlike you, I'm not a greedy piece of elitist trash that looks down on everyone who has less than I do." Now how could you get that out of my writings? My simple desire to hold on to what I have rightfully earned, and my willingness to defend those who have done the same, has nothing to do with how I regard those who have less than I. You're simply projecting.
@LambdaKore You already said, you want to end entitlement problems, which would cause people to go homeless and starve. The fact that you are too stupid to realize the implications of what you say, doesn't change the fact that you are saying them. Once again, go get an education.
@LucidDreamz613 Yes, I would end entitlement spending. It's called tough love, stupid. Sure, I contribute to charity (a lot, actually0, but it's all voluntary and I get to choose who and what and how much, and I actually get to participate and see the results. In my job, I see first-hand every day the results of government fraud, waste, and abuse, and the myriad negative consequences it has society and individuals.
@LucidDreamz613 So me wanting people to be responsible for their own lives and fortunes is mean and evil and worthy only of your contempt, but you demanding one peson's wealth so that you can enable other people to remain irresponsible children (essentially) is supposed to be noble and worthy of support and praise? Are you out of your fucking mind?
@LucidDreamz613 I understand full well the implications of my words and beliefs, and I think you do, too. That's why you oppose them, though not for the reasons you state. I think you know that if people did start being responsible for themselves again, started using their money in a responsible fashion, and experienced first-hand the consequences of real-world decisions with real-world dollars, enablers like you are going to look awfully foolish and will have a lot of explaining to do.
@LambdaKore Yes and that tough love would destroy our country and in tern destroy the global economy. We would enter depression and the vast majority of the population would suffer. Many people would be homeless and hungry. Once again, entitlement programs provide stimulus. They helped end the great depression (and WWII, which is why Krugman mentions war).
@LucidDreamz613 Really? You think so? So do you bail your adult children out of every scrape they get into, enabling them live like fourteen-year-olds even after they're married with children of their own? Wow -- sucks to be you, then. Sucks even worse to be your kids, 'cause with YOU as a parent, they're NEVER gonna grow up and be responsible for themselves.
@LucidDreamz613 "Once again, entitlement programs provide stimulus." Entitlement programs distort the economy and markets for the benefit of a select few (with the government at the top of the list, since they get first crack at the dough).
@LambdaKore Look, we've established that you don't understand the basic economic principles of currency velocity and the economic multiplier. You can stop acting like you understand the macroeconomic effects of entitlement programs. Remember the stimulus checks everyone got a few years ago? Yeah...that was entitlement, it provided stimulus. Granted that wasn't nearly enough but it did help fight the recession. We were just more fucked than that small stimulus could handle.
@LucidDreamz613 "we've established that you don't understand the basic economic principles " No, that's YOUR assumption: I certainly never agreed to it, and I'd be curious to see what an outside observer would say about it. Try again.
@LucidDreamz613 Dude, seriously, if you're gonna throw out Krugman's name, you might as well just cut to the chase and invoke Marx. It'd be more honest and waste less time.
@LambdaKore You have this idea that everyone who isn't wealthy ended up in their position because of irresponsibility. What about someone who lost their home to a flood? Someone who is disabled? Someone who messed up when they were young and is trying their best now? Someone who just plain had bad luck. You lack any sign of empathy. Trust me, I have seen plenty of people abuse entitlement programs and think they need some reform but to end them is just cruel and frankly insane.
@LucidDreamz613 "You have this idea that everyone who isn't wealthy ended up in their position because of irresponsibility. " No, of course not, and you'll never find me saying that. I would say a LOT of them got there that way, but far from all of them. What I DID say is that if people live a subsidized lifestyle, it hardly fosters responsibility and other adult-like qualities. If someone else keeps cleaning up the messes and picking up the tab, why would you be responsible? That's for suckers.
@LucidDreamz613 "What about someone who lost their home to a flood?" It's called insurance. It also says something about the wisdom of building homes in a flood-plain.
@LambdaKore The vast majority of the population does not have flood insurance. As a matter of fact insurance companies don't offer flood insurance and it's only available through government subsidy (gasp! that's entitlement!). Apparently, you didn't pay attention to Irene either. It destroyed homes way outside of the flood plains.
@LucidDreamz613 "The vast majority of the population does not have flood insurance. " They probably don't live in flood-plains, either, so what use would they have for it? And actually, YES, you CAN buy flood insurance (gasp).
@LambdaKore Yes, you can buy it but not from insurance companies. It's a government subsidy (gasp! entitlement!) Lol, you talk like you'd even be effected by the Buffett Rule. Yeah, the better economy would effect you. Your taxes wouldn't go up. I don't know what you do but trust me, you don't make enough to be effected. I, on the other hand, stand a good chance to have to pay extra because of it someday. Hopefully, I reach that point and I'll gladly pay out for it.
@LucidDreamz613 "Hopefully, I reach that point and I'll gladly pay out for it." Or you could stop fucking around, put your money where your mouth is, and start paying extra now. But you won't. That's the beauty of the truth of my initial post: the policy likely won't be enacted, and even if it did, you think it won't apply to you, so there's no risk in calling for it. Yeah, very brave and noble of you. Schmuck.
Way to go Chuck! Hope you keep the videos coming.
FACTS: The top 1 percent of income earners paid 38 percent of all federal income taxes in 2008, while the bottom 50 percent paid only 3 percent. Forty-nine percent of U.S. households paid no federal income tax at all. The Top 10 Percent of Earners Paid 70 Percent of Federal Income Taxes.
Rayz2cents 3 days ago
Why is it that Mitt Romney pays $6.5 million in taxes and the Democrats say he isn't doing his part, but yet 47% of our citizens pay no federal taxes. Maybe we need to get a few bucks from the 47% before we ask more of the rich.
6mrbillybob 3 days ago
Tax the rich!
tdickensheets 5 days ago
Have do donated yet Chuck? I thought we were all in this together, do do your part too.
With all the tax breaks you get as a millionaire compared to the taxes others support the nation with, you're welcome to prove yourself worthy of being adressed as. ...My Fellow american!!
mumbleora 1 week ago
@onsitestudios: you could look this up on your own if you really wanted to know the answer but the tax paid on interest is a double tax of sorts. See, the money that was invested to gain the interest in the first place was already taxed at regular earnings rates. The reason investment earnings are taxed lower is to keep money flowing. If you want to tax investment gains higher it's only going to discourage investments which means less money for the banks to loan out.
00MCH200 2 weeks ago
That's a great point. If people like Warren are so concerned then why haven't they done this already... did they not know? Or is there some sort of hidden agenda in regard to what they have said? Idk this is one reason why I don't trust either party anymore. Yeah there are good well intended people on both sides but I get sick and tired of hearing "oh Democrats are so great but Republicans are evil!" and "oh Republicans are the only caring people out there and the democrats are ruining America."
TCPRadio 3 weeks ago in playlist More videos from SaveUsChuckWoolery
We're going to close the unproductive tax loopholes that have allowed some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying 10 percent of his salary, and that's crazy. It's time we stopped it.
RONALD REAGAN
SteveLennon64 1 month ago 2
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The solution is to kick the rich people asses out of the government. They are so "successful" because they are favored by the government. In fact the government is owned by the rich.
SuperThe86 1 month ago
Abolish the Income Tax. It’s unconstitutional to begin with. Ron Paul 2012
ArcticBuck 1 month ago 7
@ArcticBuck You've never really read the Constitution....have you?
sidecar771 1 week ago
lol, wow, must have really struck a nerve with toddg562 because he unleashed a tirade! Don't you just LOVE the people who want to "stick it" to the rich! There is but one word for them, admittedly or not... JEALOUS. How sad to covet that which belongs to another.
shopnnut 1 month ago
@shopnnut I know. It's pretty self evident. Simple question. The difference between stupidity and ignorance is that stupidity can't deal with being told they're ignorant. Ignorant wants to improve. Stupidity is just that. One simple question, asked over and over again...still can't seem to read.
MattWeiler45 1 month ago
Love the sarcasm Chuck. Keep it coming.
Wyomoore 1 month ago
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toddg562 2 months ago
As usually funny and true!
BlindEyeJones 2 months ago
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Since they stopped repeating the tax cuts pay for themselves lie and tax cuts now have to be paid for what is the GOP plan to pay for the temporary Bush tax cuts that are responsible for increasing the debt by $3.2 trillion — 27% of the fiscal deterioration since 2001.
NotSuchAnEvilBunny 2 months ago
@1963danno Thank you. It's so rare to find people I agree with these days.
SnugglePuma 2 months ago
In 2009, roughly 1 in 4 (24.8%) of American households had zero or negative net worth, up from 18.6% in 2007, and 37.1% of households had net worth of less than $12,000, up from 30.0% in 2007.
So FUCK YOU Chuck Wollery and your fat ass wallet.
toddg562 2 months ago
@toddg562 So...Wollery says "If you're rich and want to pay more, then do so", and you're saying "Fuck you Chuck"? You're saying that rich people shouldn't pay more if they feel that they can? Obviously your percentages above aren't those "rich" though they're largely distorted, but that's another discussion. Perhaps you're confused?
MattWeiler45 2 months ago
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@MattWeiler45
About 97.3 million Americans fall into a low-income category, defined as earning between 100 and 199 percent of the poverty level, based on a new supplemental measure by the Census Bureau, designed to provide a picture of poverty. Together with the 49.1 million who fall below the poverty line and are counted as poor, they number 146.4 million, or 48 percent of the U.S. population. That's up by 4 million from 2009, the earliest numbers for the newly developed poverty measure.
toddg562 2 months ago
@toddg562 So are you a moron? Woolery is saying that if rich people feel they should give more, here's how. You're going off in some bizarre fit of some kind of nonsensical foaming at the mouth. Simple question, is there something wrong with rich people sending in money if they feel they're not taxed enough? If not, then why "F-U Chuck!" per your original? Perhaps it's more "Fuck You Todd you illiterate yammering jackass" for not getting such a simple concept? Can you read?
MattWeiler45 2 months ago
@MattWeiler45
because I believe Chuck is doing this as a smartass "tounge in cheek" so to speak.
that's why the "Fuck You Chuck".
toddg562 2 months ago
@toddg562 Then you, sir, are an idiot. He's pointing out the hypocrisy of people claiming "I feel the rich could give more" and NOT PERSONALLY DOING IT. If anything tongue in cheek it's that hypocrisy, this quote sums it best "The wealthy but uncharitable socialist ceases to be a mystery once you understand relative prices. Voluntary charity is costly to the giver, but voting for charity ... is virtually free."
MattWeiler45 2 months ago
@MattWeiler45
calling me names is not going to convince me. it only makes you appear to have no argument.
what do you say we end all of the hypocrisy on the issue, and end the Bush tax cuts for the rich then?
Oh wait...then Chuck may have to open his fat wallet.
toddg562 2 months ago
@toddg562 It appears you're a moron, as I said, and simply cannot read nor address anything approaching a logical conversation. I'm not calling you names, it seems a simple fact. You're trying to throw buckets of other stuff at the wall in an attempt to cover the fact you're an ignorant jackass who can't stay on point, apparently.
MattWeiler45 1 month ago
@MattWeiler45
No.. what I am saying is that as long as the tax laws remain the way they currently are, the rich are paying their legally required "fair share", and the masses are suffering from it.
I believe the taxes should be put back to what they were before the Bush tax cuts.
If the tax law can be changed to make things unfair, then they can be changed back to make them fair again.
You are the one who is confused.
toddg562 2 months ago
@toddg562 Again, you, sir, are an idiot. Someone says "Orange juice is great, drink orange juice" you tell them to fuck off and extol the virtues of prune jelly. I would suggest your local community college for reading comprehension classes, or video comprehension in this case.
MattWeiler45 2 months ago
@MattWeiler45
Since 1992, the I.R.S. has compiled data from the returns of the 400 Americans reporting the largest income. In 1992, the top 400 had aggregate taxable income of $16.9 billion and paid federal taxes of 29.2 percent on that sum. In 2008, the aggregate income of the highest 400 had soared to $90.9 billion — a staggering $227.4 million on average — but the rate paid had fallen to 21.5 percent.
toddg562 2 months ago
@MattWeiler45
where are your facts and statistics to back you up?
all you have is calling me names?
you have nothing to back you up....that's why you resort to name calling.
toddg562 2 months ago
@MattWeiler45
New York Times--
In 2009, 238,000 households filed returns with adjusted gross incomes of at least $1 million. One-quarter of them paid an effective federal income tax rate of less than 15 percent, the data shows, and 1,470 paid no federal income tax at all.
This is far less of a rate than the middle class paid.
toddg562 2 months ago
Total effective tax rates by quintile:
Bottom 20: 4.3
40: 10.2
60: 14.2
80: 17.6
Top 20: 25.8
Total effective tax rates rise as income rises. This is a fact.
bdgrinphx 1 month ago
@bdgrinphx So how do you explain a guy making twenty million dollars 'off the interest' of a quarter billion dollars only pay 13.8% of said income?
onsitestudios 2 weeks ago
@onsitestudios I don't know what "guy" you are talking about. I would have to know the specifics. Interest income is taxed at the ordinary income rate. Based on this amount, it would be 35%. Are you referring to income from dividends by chance?
bdgrinphx 2 weeks ago
@MattWeiler45
show me how the Bush tax cuts have helped our countries economy?
I am waiting for you to produce one fact or statistic to aid your argument.
I have listed plenty of facts to support my argument...where are your facts?
Do you have one?...Can you make one up?
toddg562 2 months ago
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toddg562 2 months ago
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@MattWeiler45
Unfortunately, the Bush tax cuts never translated into robust economic growth. Indeed, we saw the worst growth since World War II. From 2001 to 2007, annual GDP growth averaged just 2.4 percent per year, lower than in any other postwar business cycle. The contrast is starker still when judging against the previous decade. In real terms, GDP grew half as much from 2001 to 2010 as from 1991 to 2000.
toddg562 2 months ago
@MattWeiler45 Between 2001 and 2010, the Bush tax cuts added $2.6 trillion to the public debt, 50 percent of the total debt accrued during that time. Over the past 10 years, the country has spent more than $400 billion just servicing the debt created by the cuts.
toddg562 2 months ago
@MattWeiler45
The best-known result of the Bush tax cuts is that virtually all the benefits were conferred upon people who didn't need them at all and who didn't use the money to, say, create more jobs or pay their workers better. Median weekly earnings fell more than 2 percent between 2001 and 2007. Meanwhile, people making over $3 million a year, who account for 0.1 percent of taxpayers, got an average tax cut of $520,000, more than 450 times what the average middle-income family received.
toddg562 2 months ago 13
I would bet the almost 10M low income people that had their federal income tax liability erased by those cuts would disagree with you. Then again, most of them probably have no clue.
bdgrinphx 1 month ago
@toddg562 Probably because they make more, that's basic math. What % pays no income tax in America? So if one were to give a tax cut, to whom would it go? The people who pay income tax or those who do not? Go to the IRS website and see who pays the lion's share of the income taxes in America, then attempt to discuss the 'Bush tax cuts'.
Drumboy5165 3 days ago
@MattWeiler45
I would suggest you read a newspaper or two and learn some facts, if you insist on supporting your side.
you are bringing nothing to the table here, you have no argument, only name calling.
You should just crawl back under your teabag and lose the next election like you deserve.
toddg562 2 months ago
Why would you possibly be against allowing people (any people) to keep a larger share of THEIR income? We have had 2 balanced budgets in the past 50 years. If our federal gov't has proven one thing over time, it is that they are incapable of managing our money. Why would you advocate giving them even more of our money (regardless of who it came from)?
bdgrinphx 1 month ago
@toddg562 You're trying to talk about B, when Chuck says A. STAY ON POINT...why is it wrong for people who think they can give more to do so? STAY ON POINT..that's the question, clear and simple, straight forward, Chuck says to do it, you say FU Chuck. STAY ON POINT...why is it "F-U Chuck!" for suggesting that those who think they can pay more simply write a check. Can you possibly restrain your ignorance enough to answer that question?
MattWeiler45 1 month ago
@dalecampbl6 I see you didn't answer my question. chicken!
kenzo5716 2 months ago
If you want to be taken seriously Mr. crookhunter, you should clean up your speech. It shows a great lack of vocabulary. . . and Mr. Campbell, you need to vote for Romney. He's good at firing people and sending their jobs overseas. That's real responsible. Soon there will be no middle class and no one to pay taxes. That make you happy maybe????
LaRueJC56 2 months ago
@dalecampbl6 I'm sure some do, but most just steal it from the Federal funds like Dian Feinstein. Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money to a government agency that had just awarded her husband’s real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms.
kenzo5716 2 months ago 2
Occupy Chuck Woolery's Tanning Bed.
aidanwilde 2 months ago
The wealthy do not increase utility rate and the rise of cost of goods is caused by inflation created by the FED. Weathy people are among the hardest working of all and I work by the hour and do not consider myself a "chump".My uncle built a corporation from scratch working 16 or more hours a day. He paid half million in taxes last year, to poor paid nothing. The IRS illegally charges you taxes on your labor. No law requires it. Spending is the problem. Cut congress! Stop whining.
kenzo5716 2 months ago 2
The wealthy have squeezed every penny they can out of working people by increasing utility rates and the cost of goods while cutting pay and benefits. They have done great over the last 20 years, while working people have seen their income stagnate. Wealthy people are not hard working at all. It's the hourly wage chumps that do the real hard work, you should try it sometime. The wealthy owe it to America to pay more, and since they won't do it voluntarily, the govt must force them to.
SnugglePuma 2 months ago
@dalecampbl6 You are kind and a good person. I believe things are going to get better in the next couple of years. With your good out look you will land a good job in your field. You would be good in sales, ever thought about a career with a drug company? You will do well no matter what. Keep up the great out look!!!!! Take care, Billy.
1969pontiac1 2 months ago
@owlet450 Great movie!!!! You make great points too.
1969pontiac1 2 months ago
@dalecampbl6 while he was working. I got a years pay. I found a job in Customer Service , and thankful to have found that. I did get to retire so I kept my health ins I will have for life until that is cut. These companies are out sourcing at an alarming rate. Until that stops our kids and grand kids are going to have a hard time find work. You made great points
1969pontiac1 2 months ago
@dalecampbl6 Sir, You are right, I am 51, I wanted to work 10 more years. I loved what I did on top of that, a 100,000 is nothing, well compared to working 10 more years. I can take my retirement in a lump sum at 55, but have to roll it over into IRA. We also had the 401k so I was blessed to have two retirements. That is a sin, for someone to run a company in the ground and cause people to lose jobs then he get 200 million. This madness has to stop. His salary was 20 million a year
1969pontiac1 2 months ago
So put up or shut up.
12bucklemyshoe1 2 months ago
@dalecampbl6 I worked for the largest Drug company in the world. The CEO who took over in 1991 brought this company from 14th largest to number one in 1998. He retires in 2001. They turn it over to a guy who had been there for a long time, He ran the company in the ground and they finally fired him. He walked away with 200 million dollars.I was cut back in one of the many cuts still going on and I received $100,000 which I am thankful, after 29 years. So there you have it.
1969pontiac1 2 months ago
lol conspiracy theory on Tuesday elections. that's hilarious. the bill was passed for election day Tuesday back in 1845 so it didn't interfere with the Sabbath or market day (which was usually Wednesdays) due to most Americans working in agriculture back then when it was established.
andybmpw 2 months ago
@dalecampbl6 Let's hope they do not think of the GOP as the party of Nixon, the president that took us off of a gold standard and turned us in to Keynsians. The reality is that both parties have sold out the American people, congress is corrupted and needs to be term limited out.
myoungwci 2 months ago
@myoungwci Very well stated! Term limits and back to the gold standard. Then they will have to balance the books like we do. Also stop giving money to nations that hate us.
Uffdaa12 2 months ago
@dalecampbl6 If the goal of the GOP is to empower 0.1% of America how will they ever get elected? It takes 50%+ to win an office. So for the GOP to win they need to make many more rich people. Meanwhile the DEMs claim to be the party of the poor, which means they need to make more poor people in order to stay in power. Does it make sense to support the party that wants more poor people or the party that wants to make more rich people?
myoungwci 2 months ago
But they don't want them to volunteer to pay more,they want to make them pay more.
Ipostle 2 months ago
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....There was a time in American history when paying as much as possible in taxes was the 'patriotic' thing to do. That time has passed. American government, and our politicians specifically, have become 'addicted' to an ever increasing revenue stream, so they can continue to enrich themselves, and to buy votes to keep themselves in jobs that make them very rich.The new American patriot will pay as little in taxes as possible, in order to cure the 'tax addicts' in our government.
corksterism 2 months ago
@owlet450 We are playing cards on the deck of the Titanic! All the while Joe Six-pack and Sally Soccer Mom will elect our future leaders. Oh....how comforting, indeed. Why, the winner might even receive the Nobel Peace Prize for DOING NOTHING! Lenin once said bombs and force of arms were not necessary to defeat America. He said we could be taken with bare hands, because were are STUPID and DECADENT. He was right, of course. And, Lincoln said America would become a "nation of squabbling groups"
kenzo5716 2 months ago
@owlet450 By the last quarter of the nineteenth century, the overwhelming majority of Americans were self-employed as farmers, craftsmen, tradesmen. No matter how poor their standards of consumption might have been, how backbreaking their work might have been, it was theirs, theirs alone, not dependent on the dictates of a “master” (as in eighteenth century England) or a “boss” (as in early industrial America) or a “supervisor” (as in today’s post-industrial America). Not today.
kenzo5716 2 months ago
Liberals love penalizing success and rewarding people who make bad decisions. Fuck Matt Damon that Queen. Let's see if he pays 50% of his pay in taxes..yeah right
crookhunter 2 months ago 3
No Both sides question... And Tuition is directly linked to the Federal Government... Ever heard of fafsa? Colleges can charge whatever they want because the govenrment will always pick up the difference. Think about it. Charge more, and the government will pay more. Whats to stop schools from charging as much as they want?
saw2491a 3 months ago
Hey Chuck....return to Lingo! Bill Engvall sucks.
johnissoevil 3 months ago
Chuck is awesome...always liked him on The Love Connection....so much better when the date when bad though.
chrisizq 3 months ago
Isn't Chuck pretty wealthy himself?
Jonesman08 3 months ago
@dalecampbl6 What on earth are you talking about? It sounds like you didn't even read my comment.
jhclouse 3 months ago
@dalecampbl6 Right, we need to subsidize the young, except those who paid for their own school. And homeowners, except those who paid for their homes without going bankrupt.
Actually we just need to take money away from responsible people, and give it to people who have been irresponsible. Because responsible people should suffer, and irresponsible people should get benefits and rewards.
Only by rewarding irresponsible behavior can we get... Wait, won't we get more?
Why is that good again?
gekkobear 3 months ago 6
@gekkobear Say what? You are trying to claim that those losing their homes are due to irresponsible people own fault? Listen up bucko! Millions of hard working people, worked all their lives, are losing their homes due to NO JOBS! Why no jobs? Mainly because the "Rich Fat Cats" are not going to hire until they see the PARTY of their CHOICE, REPUBLICANS in office again. You are a rich little TEWIRP! KARMA is a beech! One day you will be humbled, count on it!
Uffdaa12 2 months ago
@Uffdaa12 How many "rich" democrats are there?
kenzo5716 2 months ago
The truth is social Darwinism? No the truth is the political class in both parties have taken us away from our founding principles based in natural law and human nature that created a system of self-government with the power vested in the people. We've come so far down the dumb down road that many Americans don't even know what the founding principles are and how our system was originally set up to work. We are losing our freedom because we have ignored the founders warnings now we are reaping.
Cryptologist101 3 months ago
@dalecampbl6 I'm a Republican making 80k/year and I pay taxes. Which kinda sucks, since I have elderly relatives to support. Of course, you'll probably say "the government" (read: my neighbors) should pay for them. But that's immoral. It's up to each of us to take care of our families and our parents and grandparents. It's immoral leaches who won't that are the problem.
jhclouse 3 months ago
The top 10 percent of income earners pay some 70 percent of federal income taxes, according to the National Taxpayers Union.
kenzo5716 4 months ago
@kenzo5716
In the US the top ten percent income earners probably take 50% plus of thee annual income not to mention own fifty per cent plus of the wealth in the US. There was a time when the top ten percent earned three to four times that of the average american. Since the Reagan- Bush era the top ten percent now earn ten and twenty times what the average american earns. Meanwhile most americans have seen their incomes stagnating and falling whilst the rich get richer and their expense...
070911021302 3 months ago
@070911021302 The top 10% of income earners pay 70% of federal income tax.the top 5% pay 50%. The "poor" pay nothing at all. Also, many wealthy Americans have lost a great deal of their wealth in the last 10 years due to investments going sour and companies they invested in going belly up. Those making 50-$75,000 pay about 15%. Wealthy Americans did not cause a down turn in the economy. The Fed controls the economy of the US and congress is to blame for corp welfare, NAFTA, GATT, and the WTO.
kenzo5716 3 months ago 3
@kenzo5716 Predatory lending, teaser rate loans and blatant fraud didn't cause it? The bundling of BBB asset backed securities into mortgage backed securities and then bundling those into collateralized debt obligations and rating them AAA didn't cause it? Selling credit default swaps and creating off setting derivative AAA CDO's didn't contribute? There isn't anything in your comment that is remotely true. Wealthy Americans control more wealth than ever.
LucidDreamz613 2 months ago
@LucidDreamz613 Get rid of the alien FED and stop beating a dead horse, while they sit back and rub their grubby little hands!
kenzo5716 2 months ago
@kenzo5716 Wealthy Americans have actually done fantastically well over the last decade. It's the hourly wage workers that have seen their income stagnate, yet these are the people who work the hardest only to see all of the their income go to corporations that increase prices every quarter and what's left goes to the government. Working people have literally nothing more to give. A higher tax rate: the cost of controlling 80% of the country's wealth.
SnugglePuma 2 months ago
@SnugglePuma Well, I guess you wouldn't call the Federal Reserve Bankster "wealthy Americans. My uncle paid over half a million in taxes last year and his investments went way down so he didn't do better as you say. The poor pay nothing and the government illegally requires (forces!) you to pay taxes on your labor. There is no law requiring a person to pay taxes on their labor. Class hatred sucks and you should stop using it as an excuse. Stop blaming successful people.
kenzo5716 2 months ago
@kenzo5716 is they outrage over the completely out of control spending that goes on in Washington? We do not have a revenue problem in this country we have a spending problem. You could double or triple taxes on the wealthy, but if you don't get democrat and republican spending under control it won't make a fraction of a difference. They will just spend more. And stop allowing the FED to print money out of thin air, taxing it forever, and causing unbridled inflation.
kenzo5716 2 months ago
@kenzo5716 No, fuck you. Your rich little cock sucking uncle made millions investing in companies that fucked over their wage laborers. He WILL pay for his crimes...
SnugglePuma 2 months ago
@SnugglePuma Shows how little commies like yourself know about my uncle and his company. His employees love him and he made the money to start his company working sometimes pulling double shifts on the Alaskan pipe line in the freezing cold for almost 10 years while lazy-ass commie pussies like you stayed in bed till noon everyday complaining about the success hard working people like my uncle achieved BTW, I am my own man and do not work for my uncle. I learned a skill. LOSER!
kenzo5716 2 months ago
@kenzo5716 So let me get this straight, the workers built the pipeline, while your uncle reaped the benefits. Those workers are stupid if they never stopped to think, maybe we should get a fair share out of this...
SnugglePuma 2 months ago
@SnugglePuma No wonder you're a commie and a loser. You can't even read!
kenzo5716 2 months ago
@kenzo5716 You don't even know me shit head, and your uncle doesn't work. It sounds to me like he is an investor, which is akin to gambling. Sorry, that's not "work".
SnugglePuma 2 months ago
@SnugglePuma My uncle owns a manufacturing comapany and works his ass off about 14-16 hours a day, while you lay in bed till noon playing with your noodle and wishing you had a girlfriend to support you. You are a lazy commie and a loser. And, of course my uncle invests some of his company's money. How else do you expect him to pay retirement and provide health insurance to his employees and his and their families? What an ignorant bonehead you are. Yes, I know your type very well.
kenzo5716 2 months ago
@kenzo5716 You don't even know me! How about this, you lay in bed until 7 AM when you probably get up for prison roll call.
Rich people waste the livelihoods of others humans and rationalize it with the self righteous attitude that they are inherently better than everyone else. Rich people are thieves and liars with no morals. Shut up and pay your fucking taxes.
SnugglePuma 2 months ago
@SnugglePuma Yes, I know your type very well. Always evnious of other's achievements and success and hate those who have the initiative to better themselves. You really need to get a job and seek counseling. The world does NOT owe you a living. You are a pitiful creature, unable to reason with your own inabilities. You have NO right to anyone's money or belongings. Why don't you just move to pitiful Cuba or cruel North Korea, where they share your warped views. Coward?
kenzo5716 2 months ago
@kenzo5716 Again, you don't even know me. In your little warped world every liberal is unemployed living in his or her moms basement collecting food stamps and welfare checks. And every conservative is a hard working millionaire employing more than 100 wage labor chumps, either that or studying for your PhD at John Hopkins. It seems so plausible...
SnugglePuma 2 months ago
@SnugglePuma yeah!! that worked so well in the former U.S.S.R didn't it oh boy Stalin would have been so proud of you. If they wanted a "fair" share they could start their own company and and compete for the chance to do the work. But then again asking the govt. to steal it for you is so much easier.
danielc121162 2 months ago
@danielc121162 no
SnugglePuma 2 months ago
@070911021302
as you type that are you stomping your feet & crying It's Not Fair !! ? just wondering........LLOOOLLLL
lisalynn47 3 months ago
@lisalynn47 What isn't "fair" are the International Bankster families (FED) , with NO dedication to this country, printing money out of thin air, using OUR ink, Our presses and our Treasury Department, to inflate this "economy" with worthless FIAT MONEY. and causing terminal inflation future generations will NEVER overcome. Not Additionally, every "note" (the swindlers call it a "dollar) has interest attached to it designed to NEVER be paid off, and to enrich the Banksters. Fair??
kenzo5716 2 months ago
@lisalynn47 The Federal Reserve is not owned by the people of America. American money, marked "Federal Reserve Note," is rife with occultic symbols and meanings unknown to most Americans. The Federal Reserve prints American currency, lends it to the American government and charges interest, which is paid for by Americans FOREVER, giving up large portions of their earnings in the form of "income tax." Isn't it interesting the FED, IRS and ADL were all created the same year? WHY???
kenzo5716 2 months ago
@lisalynn47 Its not fair, get mad if you want to, but more imprtnat get even. Do something about it. Protest, Lobby, Occupy. It does not have to be like this...
070911021302 2 months ago
Some nerve, Mr. Woolery........ Some nerve. Living high on what, .... residuals?
You belong to 2 or 3 unions, right? And what a helluva good job they've done for actors, writers, directors, et. al. , protecting valuable rights to "residuals".
Residuals even for successful game show hosts.
Damn good thing those 20th century American blue-collar suckers that hung doors & bumpers & windshields on American vehicles didn't get residuals.
Just a passing thought in 2 minutes and 2 seconds.
MLP88 4 months ago
On the first sight it offcourse makes sense. 'TAX THE RICH!' But that won't change a fucking thing. It would be like saying to John Dillinger, back in the day, to 'STOP ROBBING BANKS!' It won't work. the system needs to change.
texasB666 4 months ago
I honestly would just like to understand how increasing taxes on the so called "rich," which obviously includes businesses and corporations, is going to boost the economy and create jobs. So taxing a particular business for example will allow enable them to afford more staff members? They're losing money, but they're going to be able to hire people? Somehow I don't think so. What will happen is they will no longer be able to afford the amount of incoming product and they will lay people off.
RockyBalboa7777 4 months ago
@RockyBalboa7777 You are correct. Taxing will only create more "government jobs" and fund handouts
( including medical care) for welfare recipients and jobless immigrants, including illegals and their families It is also amazing how the government profits from high gasoline prices. The more it costs, the more tax revenue Big Brother generates. Exxon made 11 BILLION in one, single quarter last year and paid ... "0"... taxes. Congress remained silent and the people suffer.
kenzo5716 3 months ago
taxing the shit out of the rich wont get you out of a recession
nyyankees4296 4 months ago
The other thing that the idiot doesn't realize is that 50% of his multi-billion dollar empire is barely a dent in his lifestyle while 50% of my earnings is $50,000 more of my earnings going to feed the lazy and unemployed.
deniatus 4 months ago
@deniatus buffet wouldn't pay that much in taxes because most of his wealth would be classified as capital gains, which are taxed at a lower rate than income
GTFarles 3 months ago
I'm getting tired of idiots like Buffett telling everyone they should pay higher taxes if rich. What constitutes as "rich"? I make barely over $250K a year and pay OVER 30% of it to the government according to my tax guy / best friend. Explain to me WHY I should lower my standard of living simply because idiots thought they didn't need college or didn't work hard enough to get promoted? I started at ZERO and got up to my current lifestyle through HARD WORK.
deniatus 4 months ago
@deniatus
You barely make $250K a year? You poor guy..How do you manage on "only" twenty thousand a month?
What constitutes rich? $250,000 puts you in the richest 1-2% of Americans. So you are richer than the other 98% of Americans who by your analysis were idiotic because they didn't go to college or too lazy to get promoted. By the way if every america went to college would they be earning $250k plus a year? Eg lazy police officers, nurses, teachers, construction workers, engineers etc
070911021302 3 months ago
@070911021302
You're not understanding the MAIN point I was making. Why should I lower MY standards of living so more of my money can go to funding future college (read: party) students and paying for an ever increasing number of welfare abusers?
Don't be a jackass; In the context I was using my income salary, I simply meant I barely make over a quarter million so I qualify, yet if I was making $249,999 I wouldn't see a tax increase. WTF...WE NEED FLAT RATE TAXES!
deniatus 3 months ago
@070911021302
I probably spend about 40% of my yearly salary (including child support) and save the rest for when I retire (goal is to retire at age 50). They were idiots to assume they'd make a good salary when there are MILLIONS of foreigners attending school to take these jobs! I never said "lazy", they just didn't give that extra bit of hard work to push them through to upper management. My reward is getting to sit in a chair and overseeing my employees from an upper deck office...
deniatus 3 months ago
Obama is a CON-MAN with alotta rich people behind him who have covered his criminal past- he NEVER misses an opportunity for the TV spotlight because his likeability covers his CRIMINAL past and people ignore his 2 SSN's and the FORGED birth certificate- EVERY WORD FROM his mouth is a LIE- THE MOST SECRETIVE of ALL presidents- EVERY part of his past has been hidden- he even surrendered his law license to avoid investigation- OBAMA IS THE BIGGEST FRAUD OF ALL TIME-
RonaldBlair 4 months ago
Not calling what we're going through what it is doesn't change the fact that this is a depression. It's a government manufactured depression. Change the government and we can get out of this mess. Hope doesn't do anything but wait for change.
torchwoody58 4 months ago
yea ,do you 777atheist? i speak english very well. thanks for being concerned about me.
margiemp 5 months ago
He is right. If you think you are not taxed enough send the government a check. I have always like Chuck Woolery and Pat Sajak, they are the best game show hosts and clearly the smartest.
ToplessBartender 5 months ago 18
@ToplessBartender I've got a better idea: create charities!!!!
RealTime88 4 months ago
Buffet is so disingenuous. He advocates raising his own taxes, but this video points out that that is not what he wants. He can send more of his own money to the govt any time he pleases. What he really wants is to FORCE other rich people to pay more to the govt. He wants to use the power of the state to take money from other people for purposes they do not advocate, but he does. He wants the govt to steal on his behalf. Buffet is a genius investor, but an immoral loser.
freesk8 5 months ago
no one is going to go homeless because somebody else is rich.anyone who believes that is ridiculous. we all have the same oppurtunities in this country.unless the left gets their way. then none of us will. i do not want to be enslaved to the government. i want me, my kids ,and eventually my grandkids all to have the same oppurtunities that i did.i am not rich, but through hard work, im not poor either.i rthink we all need to start appreciating the country in which we live.god bless america!!
margiemp 5 months ago 27
@margiemp English, do you speak it ?
777Atheist 5 months ago
@margiemp Another person who is blissfully unaware of the economic state of our country.
LucidDreamz613 4 months ago
@margiemp ..well said
510Redneck 4 months ago
@margiemp - I agree, hard work, education, and work ethic will get you far in life, BUT a flat tax on all citizens would be the fairest way to handle it. That way the more you make the more you pay. I miss the USA that would fight a communist or socialist. It undermines our entire way of life. But at the same time capitalism needs to be fair. There is a social contract with the working class that has been trampled on. A company must care more about people and not JUST the bottom line.
captainjman1976 2 months ago
@margiemp Actually we don't all opportunities. In this capitalist society, capitalism works well VERY RICH, and is rapidly becoming a Corporate Oligarchy. Hard work? It's statistically factual that productivity has increased over the years and wages + benefits have decreased. We're working harder for LESS.
If tax cuts for rich work, where were the jobs during the Bush administration? Clinton created a few million jobs and HE taxed the rich. Explain this to me, why is that bad again?
TBird4490 2 months ago
NEWS FLASH: We have a fiat currency system, which makes it a public trust. Apparently, you don't understand the concept of "illegal." You can't just start a business selling financial information. IT IS ILLEGAL. I-L-L-E-G-A-L. Against the law. People aren't investing? I hope you're joking...if people aren't spending...they're saving...There's only two possibilities. If they are saving, they are investing...They can't not do both. We've grown over 20% in the last year.
LucidDreamz613 5 months ago
@LucidDreamz613 HA HA HA HA! Fail again! Using a fiat currency has NOTHING to do with who has rights to wealth. Are you actually stupid enough to believe that, or were you hoping I was? Whether a fiat currency issued by the government or a private bank (and YES, we used to have those), doesn't change the fact that the WEALTH -- the VALUE -- still belongs to person who created it (and YES, wealth IS created, not just redistributed).
LambdaKore 5 months ago
@LucidDreamz613 Funny, I don't recall suggesting you do anything illegal to make money. Strange that your thoughts should have immediately leapt to that idea. I said come up with an idea, scrape up some capital, hire some workers, and start being a producer and not a looter. Liberal minds are funny things, aren't they? The things they come up with...
LambdaKore 5 months ago
@LucidDreamz613 SAVINGS does not necessarily translate into INVESTING. Funny, an financial "expert" should have known that -- odd that you didn't. True, some people have their money in simple savings accounts with a minimal rate of return (what is it, 3% on average right now), which could be construed as a form of investing. But they're not hiring, they're not expanding their businesses, they're not gambling on new ventures -- they're not INVESTING. And they're not buying Treasuries.
LambdaKore 5 months ago
@LambdaKore Fiat currency is issued by the government. If they need more money, they print it and reduce the value of the already existing currency. Whenever money is printed, it reduces the value of the holders and shifts it into the hands of the government. It's a little thing we call inflation. You told me to go off and start my own business. In my field, that's illegal.
LucidDreamz613 5 months ago
This has been flagged as spam show
@LucidDreamz613 "Fiat currency is issued by the government. If they need more money, they print it and reduce the value of the already existing currency. " So you DO understand basic economic principles. Goody for you.
LambdaKore 5 months ago
@LucidDreamz613 "Whenever money is printed, it reduces the value of the holders and shifts it into the hands of the government." Well, yes and no. I would say that the government printing these new dollars then gets to spend them at the current rate of exchange, and that the value of all dollars decreases as these new dollars filter out into the economy, increasing the money supply. But you were pretty close.
LambdaKore 5 months ago
@LambdaKore "I would say" It doesn't matter what you'd say because you don't know anything. Are you seriously going to sit there and try to talk to me about the most basic principal of inflation? Currency valuations update continuously. Any substantial printing of money effects pricing. Look at hyper inflation in emerging markets where prices can increase 100% in a day. It isn't about them filtering in and there being some sort of delay. Welcome to the era of information.
LucidDreamz613 5 months ago
@LucidDreamz613 HA HA HA HA! Wrong again, dumb-ass! HA HA HA HA! Yes, stupid, there is most DEFINITELY a lag period between new dollars filtering into an economy and the gradual devaluation of all existing dollars. It is NOT an immediate effect. And considering that you're only right maybe at most 40% to 50% on even the most basic economic principles, then yeah, I'll lecture you if you're willing to listen. God knows you need the education. I can't imagine how you got this far without one.
LambdaKore 5 months ago
@LambdaKore Maybe 20 years ago, there was a time delay. Now prices go up at the mention of money being printed. Welcome to the 21st century. We have these things called computers and the internet here. It's craaazzzyyy. Information actually travels around the world at light speed! How would you know how often I'm right? You don't fucking now anything. You are completely clueless. You said no one was buying treasuries and SAVINGS ACCOUNTS YIELDED 3% Fucking moron lol
LucidDreamz613 5 months ago
@LucidDreamz613 "You don't fucking now anything. You are completely clueless." And yet you're taking all of this SO personally. I must be saying SOMETHING right to aggravate you so. Hmm... what could it be? Oh, yeah: EVERYTHING! (And for the record, my S&L yields 3.5% on savings, and that's about average around here.)
LambdaKore 5 months ago
@LambdaKore Once again, you are retarded. Krugman is brilliant and was using the Alien Invasion as an example. He was talking about increased spending. He was saying if the entire world were suddenly forced to increased spending, the recession would be over. He used aliens as an example because that would effect the entire global economy, rather than saying a world war than engulfed every country. The highest S&L rate I've seen is 1%. I call BS on 3.5.
LucidDreamz613 5 months ago
@LucidDreamz613 "Krugman is brilliant" HA HA HA HA! FAIL! HA HA HA HA! I am shocked -- shocked, I tell you -- that you would admire him. Using Krugman's argument, we should hire hordes of workers to erect dozens of skyscrapers, and then hordes more to knock them down again and cart away the debris, then start all over again. Pointless and wasteful as hell, but think of the economic stimulus! HA HA HA HA!
LambdaKore 5 months ago
@LucidDreamz613 A liberal, a looter, AND a Keynesian -- my cup runneth over. :)
LambdaKore 5 months ago
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@LambdaKore I have to ask you, do you believe in evolution?
LucidDreamz613 5 months ago
@LucidDreamz613 So tell me this: if wealth is a trust, and you're entitled to leech a portion from anyone wealthier than you simply because you claim to need it, what happens when someone poorer than you wants a share of YOUR wealth? After all, it's not YOUR wealth: it's a trust, and the poor slob NEEDS it, so who are you to protest? I think you'll find that the joke stops being funny when it starts being you.
LambdaKore 5 months ago
@LambdaKore Jesus, you don't even understand how a trust works...the beneficiaries don't control the funds. The trustees do.
LucidDreamz613 5 months ago
@LucidDreamz613 A TRUST in the form you describe has NOTHING to do with the private accumulation of wealth, you moron. Are you SURE you're an "expert"? Seriously, I'm giving you a chance to come clean on this: no harm, no foul. :D
LambdaKore 5 months ago
@LucidDreamz613 To imply that a person's wealth is a trust is to imply that the wealth doesn't really belong to them at all. If I work all day, pinch my pennies, and build up some savings over time, then that wealth most certainly does belong to me, and God help the man who tries to take it without my consent. No matter how loud a tantrum you throw, how many tears you cry, or how long you hold your breath, it won't change a single penny of mine into a single penny of yours.
LambdaKore 5 months ago
@LucidDreamz613 Jesus Christ, dude. Why don't you just have the words "From each according to his ability, to each according to his needs" engraved over the entrance to your building, or painted on your door? At least WARN people that you're a looter before they hand over their cash.
LambdaKore 5 months ago
@LucidDreamz613 If some poor slob sticks a gun in your ribs and demands your wallet, do you hand it over because you're afraid for your life, or do you do it gladly, willingly? Do you take him home and hand over your wife's jewelry? If he's walking, do you give him the keys to your second car? After all, he probably needs one. Something tells me you'll resist to the extent your able -- this is YOUR wealth, after all. Hypocrite.
LambdaKore 5 months ago
@LambdaKore I just attended a charity event a donated money two days ago. Unlike you, I'm not a greedy piece of elitist trash that looks down on everyone who has less than I do. Seriously, who the fuck do you think you are? You think you're better than everyone else? I look down on you because you are fucking scum. Greedy, worthless, stupid, uneducated scum. You are fucking trash, plain and simple. Go get an education, you worthless drain on society.
LucidDreamz613 5 months ago
@LucidDreamz613 "Unlike you, I'm not a greedy piece of elitist trash that looks down on everyone who has less than I do." Now how could you get that out of my writings? My simple desire to hold on to what I have rightfully earned, and my willingness to defend those who have done the same, has nothing to do with how I regard those who have less than I. You're simply projecting.
LambdaKore 5 months ago
@LambdaKore You already said, you want to end entitlement problems, which would cause people to go homeless and starve. The fact that you are too stupid to realize the implications of what you say, doesn't change the fact that you are saying them. Once again, go get an education.
LucidDreamz613 5 months ago
@LucidDreamz613 Yes, I would end entitlement spending. It's called tough love, stupid. Sure, I contribute to charity (a lot, actually0, but it's all voluntary and I get to choose who and what and how much, and I actually get to participate and see the results. In my job, I see first-hand every day the results of government fraud, waste, and abuse, and the myriad negative consequences it has society and individuals.
LambdaKore 5 months ago
@LucidDreamz613 So me wanting people to be responsible for their own lives and fortunes is mean and evil and worthy only of your contempt, but you demanding one peson's wealth so that you can enable other people to remain irresponsible children (essentially) is supposed to be noble and worthy of support and praise? Are you out of your fucking mind?
LambdaKore 5 months ago
@LucidDreamz613 I understand full well the implications of my words and beliefs, and I think you do, too. That's why you oppose them, though not for the reasons you state. I think you know that if people did start being responsible for themselves again, started using their money in a responsible fashion, and experienced first-hand the consequences of real-world decisions with real-world dollars, enablers like you are going to look awfully foolish and will have a lot of explaining to do.
LambdaKore 5 months ago
@LambdaKore Yes and that tough love would destroy our country and in tern destroy the global economy. We would enter depression and the vast majority of the population would suffer. Many people would be homeless and hungry. Once again, entitlement programs provide stimulus. They helped end the great depression (and WWII, which is why Krugman mentions war).
LucidDreamz613 5 months ago
@LucidDreamz613 Really? You think so? So do you bail your adult children out of every scrape they get into, enabling them live like fourteen-year-olds even after they're married with children of their own? Wow -- sucks to be you, then. Sucks even worse to be your kids, 'cause with YOU as a parent, they're NEVER gonna grow up and be responsible for themselves.
LambdaKore 5 months ago
@LucidDreamz613 "Once again, entitlement programs provide stimulus." Entitlement programs distort the economy and markets for the benefit of a select few (with the government at the top of the list, since they get first crack at the dough).
LambdaKore 5 months ago
@LambdaKore Look, we've established that you don't understand the basic economic principles of currency velocity and the economic multiplier. You can stop acting like you understand the macroeconomic effects of entitlement programs. Remember the stimulus checks everyone got a few years ago? Yeah...that was entitlement, it provided stimulus. Granted that wasn't nearly enough but it did help fight the recession. We were just more fucked than that small stimulus could handle.
LucidDreamz613 5 months ago
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@LucidDreamz613 "we've established that you don't understand the basic economic principles " No, that's YOUR assumption: I certainly never agreed to it, and I'd be curious to see what an outside observer would say about it. Try again.
LambdaKore 5 months ago
@LucidDreamz613 Dude, seriously, if you're gonna throw out Krugman's name, you might as well just cut to the chase and invoke Marx. It'd be more honest and waste less time.
LambdaKore 5 months ago
@LambdaKore You have this idea that everyone who isn't wealthy ended up in their position because of irresponsibility. What about someone who lost their home to a flood? Someone who is disabled? Someone who messed up when they were young and is trying their best now? Someone who just plain had bad luck. You lack any sign of empathy. Trust me, I have seen plenty of people abuse entitlement programs and think they need some reform but to end them is just cruel and frankly insane.
LucidDreamz613 5 months ago
@LucidDreamz613 "You have this idea that everyone who isn't wealthy ended up in their position because of irresponsibility. " No, of course not, and you'll never find me saying that. I would say a LOT of them got there that way, but far from all of them. What I DID say is that if people live a subsidized lifestyle, it hardly fosters responsibility and other adult-like qualities. If someone else keeps cleaning up the messes and picking up the tab, why would you be responsible? That's for suckers.
LambdaKore 5 months ago
@LucidDreamz613 "What about someone who lost their home to a flood?" It's called insurance. It also says something about the wisdom of building homes in a flood-plain.
LambdaKore 5 months ago
@LambdaKore The vast majority of the population does not have flood insurance. As a matter of fact insurance companies don't offer flood insurance and it's only available through government subsidy (gasp! that's entitlement!). Apparently, you didn't pay attention to Irene either. It destroyed homes way outside of the flood plains.
LucidDreamz613 5 months ago
@LucidDreamz613 "The vast majority of the population does not have flood insurance. " They probably don't live in flood-plains, either, so what use would they have for it? And actually, YES, you CAN buy flood insurance (gasp).
LambdaKore 5 months ago
@LambdaKore Yes, you can buy it but not from insurance companies. It's a government subsidy (gasp! entitlement!) Lol, you talk like you'd even be effected by the Buffett Rule. Yeah, the better economy would effect you. Your taxes wouldn't go up. I don't know what you do but trust me, you don't make enough to be effected. I, on the other hand, stand a good chance to have to pay extra because of it someday. Hopefully, I reach that point and I'll gladly pay out for it.
LucidDreamz613 5 months ago
@LucidDreamz613 "Hopefully, I reach that point and I'll gladly pay out for it." Or you could stop fucking around, put your money where your mouth is, and start paying extra now. But you won't. That's the beauty of the truth of my initial post: the policy likely won't be enacted, and even if it did, you think it won't apply to you, so there's no risk in calling for it. Yeah, very brave and noble of you. Schmuck.
LambdaKore 5 months ago