Nikola Tesla, physicist, inventor, and electrical engineer :
"Money does not represent such a value as men have placed upon it. All my money has been invested into experiments with which I have made new discoveries enabling mankind to have a little easier life."
The tesla (symbol T) is the SI derived unit of magnetic flux density. It was defined in 1960 in honor of the inventor, physicist, and electrical engineer Nikola Tesla.
People of virtue are not motivated by money and greed.
Its easy to see that this guy wants to have taxes higher on everyone that works so that he will have more power. Let’s take 300 million people’s money and give it to this intellectual elite known as our congress. I can spend my money better than this criminal. Wake up America!
3% of your Representatives in Congress honors their Oath of Office to "...support and defend the United States..." 100% of the time in the 112th Congress:S Myrick NC, Ron Paul TX, P Roe TN, B Posey FL, C Mack FL, T McClintock CA, R Labrador ID, T Huelskamp KS, T Johnson IL, W Jones NC, A Harris MD, T Graves GA, John Duncan, JR TN, Jeffery Duncan SC, J Campbell CA, J Chaffetz UT, J Amash MI, Rand Paul KY (The Freedom Index 8-8-11 sans those who voted for ndaa) Restore America RON PAUL 2012
@pavethemoon Pro athletes, and Rush make money for the very same exact reason. People like them, and that creates a vehicle that creates sales. Lots of people in stadiums, selling seats and beer, lots of people watch games on TV, selling whatever is advertised. Rush has lots of listeners, so advertisers have a place to reach people, for sales. When I play with a football, nobody will pay me. Nor when I talk. You jaw is dropping, because you are so fucking stupid you do NOT respect sales.
yo im broke and i want the tax cuts to say. what happens when they people that are employeed by this people get fired b,c that extra money was payin our salaries?
@bobwatters We've had far higher tax rates on the wealthy in the past, and the economy was perfectly healthy. The top federal income tax rate from ~1940-1980 stayed above around 60% and was even as high as 91% in the 50's. It's a lie that money from the wealthy will trickle down as jobs, etc. Most of the money the wealthy have is invested and only subject to the 15% capital gains tax. Because of this, many rich people pay a lower rate than even the poor (who are subject to sales, etc. taxes).
@BenkaiDebussy so you think that taxing the rich even more will convince them to invest their money less? Plus raising taxes durring a recesion is the dumbest idea ever! The gov't is terrible at handling money! Private industry is so much more efficent! This guy gives the numbers like none of the money will be loss in the buracracy and it will all go to making jobs which is bullshit! Raising taxes durring a recesion is bad fiscal policy period!
@bobwatters You must be the stupidest man alive for believing that raising taxes on millionaires during a recession is bad fiscal policy. Paying more taxes wouldn't affect the rich at all but these assholes are so greedy and so hateful of the middle and lower classes that they don't care and want to ruin the country even more.
@Diedrupo do your research a little more raising taxes durring a recession is bad fiscal policy! How can it make any sense to take money out an econemy that dosent have enough money in the first place? You think that giving the govt more money is magicly going to creat more jobs? do you honestly think that the Govt can creat more jobe more efficently than privat industry? And taking the rich does affect them! if they pay more in taxes then they have less money to higher more people!
@bobwatters What a splendid example of the american education system you are... Your written english is worse than mine and I've lived in Norway all my life. A "socialist" country by the way, but we're doing great! We have healthcare for all, not just those lucky enough to have an insurance company who doesn't manage to weasel out of paying. We had 3.2% unemployment as of August 2011. I'm not saying social democracy is perfect, but it sure as hell beats the corrupt ideas of the republicans!
@PinkJuJuTeapot i knew u were a mother fuckin socialist! i dont care about spelling on here why would i care about that? and the fact that ur NOT AN AMERICAN AND A SOCIALIST MEANS YOU HAVE NO SAY ON WHAT HAPPENS HERE!!!! worry about you own fucking county b,c you have no idea what it means to live in this country! like the saying goes freedom isnt free! sometime we make sacrafices to keep freedoms you will never have so fuck off you socialist bastard!
@bobwatters Yeah, well, Norwegian people wouldn't call me a socialist but a centrist. Most american people don't know how a social democracy works. We have a market economy, or rather a capitalist system with regulations to ensure that people with power can't abuse their position. I really shouldn't bother responding to you, given the fact that you have yet to respond to my concerns, but that's alright, because that's how it goes with the republicans.
That being said, I've got relatives in the U.S., some of who told my family that I was a devil worshipper because of the Darwin-fish on my car. How am I to worship an entity in which I don't believe in? Guess which news channel these people watch... Yeah, Fox "News"! The channel of the republicans. I'm not one of those people who hate america. In fact, I love it! When I'm finished getting my free education, I am thinking about moving over to you guys.
But as long as you don't get your country in order I'm better off here in Norway. At least I know that I won't become a debtslave if I ever need healthcare.
@bobwatters FYI, I know what it means to live in your country, I've been there a few times, living and spending my time with both the rich and the poor part of America (I have both quite wealthy and relatively poor relatives in the U.S.). I know how it is in the U.S. I know how it is in a social democracy like Norway. Believe me, I just want the best for as many people as possible and to me that is a system which combines capitalism with regulations to avoid corruption
@PinkJuJuTeapot lmfao you know what its like to live here b/c you have visited and have relatives here? damn that must be one of the dumbest things i have ever read! Most of the people that live here dont even know what it means to live in a democracy! and you think since you visit you know? lord talkin to socialists is such a wast of time! like i said freedom aint free we all have to make sacrafises to be able to keep the freedoms so many have fought and died for!!!
@bobwatters Correct me if I'm wrong, but isn't there a protest in pretty much every major city in your country, because of the economic situation you are in? I know how the situation is for the working poor in your country and I know how it is for the wealthy. Again, correct me if I'm wrong, but I seem to remember something about you having an unemployment rate of about 9% against our social democracy with about 3.2%. And we don't see tax cuts for the rich as the solution.
@PinkJuJuTeapot lol to even try to begin to convers the intricacies of what is realy going on in this country is takes more than someone who simply visits! If your views were so right then our extremely liberal president would have made things better not worse! the rich are the ones that employee people! how the fuck would cutting taxes on the poor help anything? what about the millions of illegals that send money out of this country every month! what about cont
@PinkJuJuTeapot what about how they live off every form of govt supports b,c even though they make enough money they have no real social security number and or are payed in cash so they "income" is low enough for them to be eligable for every form of support since they all have so many anchor babies. not to mention they are already taking jobs from real citzens or the strain they cause on the healthcare system since they have no insurance and go to the E.R for a simple cold then never pay!
@bobwatters and their income taxes is way below what the "job creators" had to pay in your country in the 50's, 60's and 70's. If you would revert to pre-Reagan federal income tax your rich would pay less than in our social democracy (or "socialist" country as your republicans perceive it) and you would afford both "socialized medicine" and to keep up your warmongering.
@PinkJuJuTeapot hmm for some reason when you suggest "socialized medicine" to be used in a democratic society it just sounds dumb. i wonder why? o maybe b.c we like to have choices and and not be forced into healthcare and like to keep the competition only a free market can create. well ur a socialist and ur just gonna keep thinkin thats the right way. times change and so should taxes so they have. punishing the rich for being rich is a terrible idea but you cant understand that.
@bobwatters I just noticed that you had responded to me before I wrote my last post, so I feel as if I have to respond one last time before I go to bed. I'm not suprised that you bring up the free choice and competition argument, which I've used myself against socialists in this country. The point that you bring up isn't really valid, as we have both government run and privately run health care in this country, but I do wish we were more fair towards the private run health care over here.
@bobwatters That being said, almost everyone in your allied country of Norway is happy to pay to have a safety net for those unfortunate enough to not afford medical insurance. And it's not like we don't have a problem with immigration as well. In both Sweden and Norway there are something resembling ghettos of muslim immigrants, and our government has failed when it comes to integration of our new countrymen. But our discussions is about what we can do to help them adapt.
@PinkJuJuTeapot haha yea you think muslims are bad? lord i would love to see you deal with every person you see not even speaking you language! not to mention that every where you go you see them with like 8 or 9 kids hanging off of them! and then when ur behind on of them at the store with like 8 kids they pull out there fuckin food stamp card and pay for their food with tax payers money!!!! fuck that! it makes me wanna kill them!!! they dont even pay taxes! ugh sick to my stomach!
@bobwatters I'm sorry you see it that way. I've been politically active for years now, despite being only 20. In my youth I started out far right and went even farther right. I praised the american system, but I've grown. I'm sure you or someone else who disagree with me will use my age against me, but I'm sure I'm right, despite my age. I've held central positions in the same political party that the despicable right wing terrorist ABB was a member of, and I even agree with some of his points.
@PinkJuJuTeapot the fact you consider youself right winged makes me sad. people these days just dont know what it its to be conservative! i try not to be right more than left but not extreme to either. i am a libertarian! its the only view that makes sense all others are idiots period! i can say that with confidence b,c if you realy think about it its the only way to go. libertarian for life and through death!
But I've seen the effect unregulated capitalism has. And I've seen that it's perfectly possible to tax someone something close to what you did in America in the 50's, 60's and 70's and still have a capitalistic system where you allow your wallet to vote. I've said it before and I'll say it again: we have rich people, filthy rich people in a social democracy as well, but we still can afford health care for all, cheaper per capita than the system you have.
@PinkJuJuTeapot how the hell could you have seen the effects of unregulated capitalism! maybe you have read about it but u you have not seen it. and taxing the rich is just punishing the rich! imagain if you were tryin to get rich as hard as you could then as soon as you started makin more money you actualy made less money b,c you were taxed more even though ur gross income was more! its stupid the rich employee the norm take their money way and they just employ less!
@bobwatters I suggest you watch a little less Fox News and start watching some more MSNBC and some news outside of the MSM. It helps balance the propaganda out a bit. I seem to remember some statistic saying that the top 1% income has risen by 300% while middle americas income has stayed pretty much stationary the last 30-40 years. Again, correct me if I'm wrong... I held a libertarian view just before moving centrist. I went from right to far right to right and then libertarian, and I disagree.
@PinkJuJuTeapot lmfao i dont watch fox news or msnbc!!! to much propganda! i do my own research and look at the facts and make my own views! i dont need anyone to tell me how to think! trying to compare you views when you live in a socialist country is just imposible! the govt has no right to make a laws the way they do. if you are doing something that does not hurt anyone else then you have all the right to do that! yet the govt wants to make laws against it all to often!
@bobwatters Ok, that's good to hear. Now we are moving more towards something we agree on. I still hold the same views with regards to social policies as I did as a libertarian, but my views on economic policies have moved to the centre/left (depending on if we talk about Europe or the US). Sorry, but I view my previous views on economy as ignorant and would say the same about yours as well. Seriously, can't you see how your middle class is fading away? The gap between rich and poor in your
@PinkJuJuTeapot the middle class fading away is not b,c there are to many conservatives. if its made by anything its b,c of the stupid ass tax tables used in the U.S. everyone should pay the same % of taxes no matter what they make no loop holes no nothing everyone pays the same % period.
@bobwatters No, your middle class is fading because the top 1% have too much power and keep getting more and more of the pie. Meanwhile, middle america is getting scammed out of their homes by corrupt banks while their insurance companies refuse to pay for their life saving surgery, because of "pre-existing conditions". According to the latest report by 'Save the Children', Norway ranks #1 as being the best country in the world for a mother and their child. USA is on #31 - behind countries like
@bobwatters Poland, Latvia and Slovakia. When it comes to parental leave, your country ranks worse than any other developed country participating in this research (164 countries in total). The study looked at health, education and economy for women and their children. Norway - #1, USA - #31. When you talk about "american exceptionalism" you are living in the past. You have been overtaken by social democracies with social safety nets.
@PinkJuJuTeapot first of all your talking about waaaaaaaay smaller countries! second of all democracy has nothing to do with where you rank as a country unless its how you rank in freedoms! freedom is about being free not ranking on some stupid chart. thats something you will inheritly never understand.
@bobwatters How you rank on child mortality rate etc. says a lot about a country. You spend far more than any other major country per capita on health care, yet you score this bad? Can't you see that your country is wasting billions on bonuses and payouts for CEO's in insurance companies and health care providers hurt the american middle class? Can't you make the connection between people earning insane amounts exploiting the middle class and the fact that the middle class is shrinking rapidly?
@PinkJuJuTeapot o lord you wanna talk about the child mortality rate? holy fuck man that entire raking was blown to shit right after it came out! everyone fliped shit b/c cuba ranked better than us! turns out they didnt count so many things in their rates and we did! all countries count it diffrent so the ranking is bullshit! not to mention all the dumb nigger and wet backs we have givin birth to crack babies and babies with fetal alchol syndrom! our healthcare is amazing here!
@bobwatters Yeah, I am aware that Cuba has reported artificially low 'CMR' because of statistical manipulation. This is the new annual report by 'Save the Children', however, and I'm not even mentioning Cuba or any of the other countries where child mortality rates and such are being manipulated. I'm finished debating your racist ass after your last comment though. I'm starting to wonder whether you're a poe or for real... Let me see you debunk the statistics I've quoted, and I'll reconsider.
@bobwatters The top 5 countries in the report: Norway, Australia, Iceland, Sweden, Denmark. Can you see a pattern? Social democracies are doing remarkably good, wouldn't you agree?
@bobwatters country is growing faster than ever before... If you do as you claim (do your own research), you should be aware of this. Unless you are substituting Fox News with libertarian think tank ideas you should know what I'm talking about.
I don't consider myself right wing anymore. In norwegian politics I consider myself centrist and in american politics leftist, but I held views that would be considered far right in both Norway and the US I'm afraid. Nationalistic almost neo-nazi views. Views that I'm ashamed of. But it's not that far off the Norwegian mainstream right. I then gradually moved towards mainstream right to libertarianism and then centrism. I reacted to what I saw in people with similar views and it forced me left.
@bobwatters and to allow for the happiness of the many. I value freedom, I value freedom of speech, and I would fight for the same freedom you value even if it meant my own demise. But I wish you would open your eyes and see that you are on the wrong path, straying farther and farther away from the principles of your founding fathers. I'm not an enemy of the U.S., I wish that you win your wars and ours, even though I'm against them. But it is my duty to voice concern where concern is due!"
@PinkJuJuTeapot how fucking dare you think you have the right to tell me im straying from my founding fathers views!! you know nothing that you speak of! I know more of the founding fathers views that you ever could! you have never been subjected to the laws they have created and the ones that are misunderstood! They were some of the smartest people that ever lived and fuck wads like you think they can understand what they wanted by reading a damn document that was designed to say so little!
@bobwatters The fact that your idea of a discussion is belittering the person with opposing views just helps my point. Spend a few weeks in any european country and I'll take you more seriously. You speak as if you have nothing at all to learn from people with other experiences and viewpoints. You speak as if regulated capitalism is the same as communism. And FYI, Obama is not close to being as liberal as you perceive him. We have rich people in Norway as well
@PinkJuJuTeapot by you saying that obama is not as liberal as i think he is just shows how far off you are! by American standards he is extremely liberal! by ur standards hes only a little liberal. but like i said you trying to understand the American political system by simply reading things is just ignorant! regulated capitolism is always going to be the norm of capitolism. and i do have nothing to learn from socialists other than what not to do. you have no idea what ur talking about.
@bobwatters And I would like to point out that I've been active on the political far right in Norway, and that my sympathies have generally lied with the republicans and libertarians until recently. I'm happy to see that your last post was less belittering and I hope to discuss this further with you. I am positive that if you give me a chance, we can agree on a lot, but as I've pointed out in a recent post, I feel obligated to point out what I perceive as a mistake in your current policies.
@bobwatters I am happy to discuss this further as I've pointed out, but it's 4 in the morning here and I've got to sleep. I'm looking forward to hearing back from you!
@Diedrupo the problem is ur a damn socialist you wanna work for the govt and have everyone work for them. i dont trust the fuckin govt to do a damn thing right b.c they never do! Who would u trust to run the financials of this country more a billionaire like Trump or a fucking idiot that has no idea how to run anything like obama! Hmm the guy that has proved he knows how to handle money or they guy that has proved he dosent have a clue how to hadle money!
@BenkaiDebussy Warren Buffet agrees with you. Of course, its easy to confuse issues. Buffet owns shares of Berkshire Hathaway, who paid 29% in taxes, for 2010. Then Buffet claims his 15% cap gains is less than the secretary. Cap Gains is low, because the money was taxed, already. His share of the corporate profit got taxed twice, to at least 44%, before even considering state or local taxes. This silliness flies only with the dense.
Those tax cuts were Necessary indeed, just check out the latest numbers from the Census Bureau! ..."—Child poverty rose from 20.7 percent to 22 percent". 2011! ROTFL ROTFL!
@luvcheney1 riiight tell that to the middle class, the middle class pays more in taxes then the oil companies that are consistantly producing LESS oil just to make higher profits. ExxonMobil (XOM) in its 2009 annual report to the SEC, recorded a larger income tax expense than any other U.S. company last year, some $17.6 billion, or 47% of pretax earnings. Bank of America paid 0 in taxes in 2010 even though they have the highest fees for everything from ATM's to accounts and earned billions.
@the1tigglet B of A had a $ 3.6 Billion loss in 2010. There isnt any "income tax" when there isnt any income. You may not be aware, but losses may exceed profits in a year, and the excess is deducted over a period of years. There is nothing amiss here, except your knowledge.
@luvcheney1 actually no, i follow Forbes and many other reputable sources for my numbers and that's false info on your end but seeing as how you have Cheney in your login name i wouldn't imagine you follow Facts very well because neither does he, thus the reason no nation ever found any evidence of WMS during the two campaigns we've had over in the middle-east, kind of a bad example to be following...
@the1tigglet Fine, how about referencing a source from Forbes, relating to the income statement of B o A?
BTW, investors, SEC, IRS, all require and need income statements. They are public info, on public companies. They are instantly available, and the numbers are the same, on any financial site. So, instead of just saying I am wrong, how about stating the actual figures, as I have done? Google "Bank of America Yahoo", find yahoo finance for them, and LOOK at income statement, or other source
@zzyzx0788 ?? "Wait I just your name is "luvcheney"."?? Please attempt to make a coherent sentence. If you are unable, that is OK. But what is the point, when you can not?
@luvcheney1 Sorry, I find something incredibly suspicious about a name thats showing any kind of love towards Cheney. Its the kind of behavior I would expect out of a troll.
@zzyzx0788 It is actually the opposite of suspicious. You instantly know I am a conservative, or Republican. The word in use today is "transparent". I am a Troll, because I do not agree with you, or any other stupid Lib around here.
@luvcheney1 Opposite of suspicious? I have yet to come across anyone who truly liked Cheney. Its like if my name was "luvbiden". You might raise an eyebrow.
On a separate note, I'd like to say that I think its wonderful that you say "any other stupid Lib around here." Thats the sure way to spark honest debate about anything.
@zzyzx0788 You have not attempted any "honest debate", just starting off with calling me a troll. Fine. Cheney actually got millions of votes as VP, twice. If you dont know of anyone who does like him, this is just a reflection on who you know, not reality.
I agree that the 47% of American's who are in jobs should pay their fair share but getting the economy to where it should be requires both the rich being taxed and the working class being taxed, you can't tax the unemployed, retired, or homeless. That's like trying to squeeze blood from a turnip you're gonna be very disappointed in the end. The facts are there, corporations have held this country hostage long enough. esp banks and oil companies.
@s13iLLuminati Fuck you, he'll be back in 2012. It's time for a revolution in this country where we eat the rich and their scumbag supporters like yourself.
@s13iLLuminati that fool kept you and yours in your home, in your job, and off the streets you should be thanking him. Without people like him things like what happened in Wisconsin and what's happening now to the homeless veterans would happen to everyone.
@megarational Great! Facts! Go total up and divide by 10, YOUR source, INCOME tax revenue as % of GDP from 1950-1959, a 10 yr period, of 90% income tax rates. Then, total up the 10 yr average from 2000-2009, a 10 yr period with mostly 35% rates, up to only 39.6%! Notice anything?? At 91% tax, Govt got only 7.41% of GDP, avg, and at the 35% rate, Govt got 8.2%! That is reality. Go ahead, raise taxes, enjoy less revenue, and a shrinking economy. At least you will "feel good".
Oh give it a rest...the rich aren't paying their fair share...period. Even assuming income tax is constitutional - it isn't - or that there is even a law requiring one to pay taxes on income - there isn't - if you earn more you should pay more. When Warren Buffet's secretary earning $60k a yr. pays a higher eff. tax rate than he does, there is a problem that even HE will admit too.
@CRschralper Buffet and Bill Gates fortune is mostly unrealized capital gains. No tax has ever been due on most of it, and they both have charities, to make sure most of it never will. The "reason" people pay less tax on capital is obvious. ( to some). Taxes have already been paid on the income it ( the capital) was saved from. Taxing capital is just double taxation.
When you cut taxes for the rich, you do create jobs....lots and lots of jobs....in China, India, Malaysia, Indonesia, Mexico, etc. And, believe me, these nations appreciate tax cuts for the American rich.
@pbmax Actually, taxes are higher in most countries you listed, sorry. Taxes can be lower in countries where most kids root through trash or make shoes all day instead of going to school and getting a chance at better life though. They can also be lower where shit flows through the streets because there are no water and sewer systems. Also, if there are no building codes so the slightest earthquake kills hundreds of thousands because every building collapses, taxes can be lower.
@pbmax 1. a) Well, if you listen to the hyper-partisan politically motivated ideological bullshit spin on Faux News and from Republican politicians - you WOULD think that tax cuts for the rich create jobs and pay for themselves..
However, if you listen to the conclusions of top ranked non-partisan sources - you would believe exactly the opposite.
"I am very much in favor of tax cuts, but not with borrowed money. The problem we have gotten into in recent years is spending programs with borrowed money, and tax cuts with borrowed money and at the end of the day that proves disasterous."
Interviewer:
"So you do not agree with Republican leaders who say tax cuts pay for themselves?"
@pbmax 1. c) David Stockman, Republican senator (’77- ’83), & director of the Office of Management and Budget under the Regan administration.
interview Nov 10, CNN’s Parker Spitzer:
Question: “Should congress extend the Bush tax cuts?”
Stockman: “I think we can’t afford them, pure and simple. They shouldn’t have been enacted in 2001 & 2003. It’s $3 trillion over a decade of money we desperately need…we have to level with the public.”
"If the economy needs a bit more stimulus, fine, extend unemployment benefits for another year. That’s a temporary measure and the money will get spent. Unemployment benefits workbecause they go to people who are living from paycheck to paycheck and they spend the money. By contrast we have had 3 tax cuts since the economy went into a slump, 2 under Bush and 1 under Obama, and in all three cases people saved the money instead of spending it.”
@pbmax 3. f) The CBO recently estimated that a permanent extension of the Bush tax cuts would boost growth in the short term, but add more than $3,200B to the budget deficit over the next decade.
"The extra borrowing, & it is a good deal of extra borrowing - would have negative consequences for the economy" - statement by Mr. Elmendorf, who leads the non-partisan agency that analyzes the budgetary effect of legislation for Congress.
@pbmax 3.f) Tax cuts at any level have a stimulus effect. However, they do not necessarily pay for themselves and tax cuts at the high end are by far not the best way of creating jobs.
eg: Give those living paycheck to paycheck an extra $ and it will be all be spent domestically and immediately - stimulating demand & creating jobs.
By contrast, give the rich and extra $ & they will save some, invest some overseas, play the stock market, or speculate in real estate - none of which creates jobs.
If you vote Republican, you better get ready for your Medicare, and Social Security to be cut. If your 18-26 and on your parents insurance, get ready for that to end if the Republicans win, because they said they will abolish it. Get ready for the GOP to give more tax breaks to the rich, and cut out your unions collective bargaining rights, and of course get ready for all the budget cuts to fall on the middle class backs. I'd rather vote Obama than see any Republican do all those things to us.
@chromacopy365 Fairness Doctrine is only intended to be used, in media popular with Conservatives. Radio programing is based on profit. SURPRISE! So, fairness would dictate Liberals be given equal time, but they have shown an inability to draw the massive audiences Rush, Hannity, etc draw. So, Radio would need to "balance" those conservatives with Libs, who wouldnt draw an acceptable audience. That means hiring Rush for 1 hour, means another hour of dead time. That reduces market value of Rush
@pholland The only reason anyone wants to end the tax cuts is because they want to narrow the deficit, not to allow for more spending. Ending the cuts would close the deficit by 75% in the short term.
@SweatLaserXP But it wouldn't though. Federal revenues constitute a higher % of GDP today than at any time during the post-war era. We don't have a revenue problem, we ave a spending problem. In addition, the rich pay a higher percent of the total federal tax burden than at any time in history. A society in which half the population gets a free ride and pays no federal income tax is not truly a fair one. The rich are treated like second-class citizens in this country.
@pholland "In addition, the rich pay a higher percent of the total federal tax burden than at any time in history." This video was not about "rich" people. It is about hundredmillion & billionaires. That is the fallacy with this train of thought. The 250k bracket is screwed and must be fixed. However, so is the billionaire bracket yet no one republican or democrat touches it - take GE for example.It is very complex, I know. Both parties are equally corrupt except for a few.
@luv1 The supreme court disagrees. So will 90% - 99% of anyone who has sued a corporation. Corporations have personhood & constitutional rights. They can contribute more funding to a politician than normal citizens, corporations have the same rights as citizens as well. If they are not a person, I have no issue with this position... Then let's not treat them like people :\
Paying taxes cuts into profit. Our corporate rate +/- is only a few points higher or lower than the global average.
@Downfurlife Refer to the "Federal Election Commission" for LAW on this matter. Individuals may give $2500 to EACH candidate per year, Corporations are PROHIBITED. Individuals may give up to $5000 yr to any one "SSF" ( usually known as a PAC). Corporations, and UNIONS, and others may establish "PACS", which is simply pooling of resources, from individuals. Corporations and Unions consist of individuals. You say "Our corp rate is few pts higher". What? Tax or profit? Please clarify.
@pholland The rich pay a high percent of the total tax burden because they take in all of the money. You're not accounting for wealth distribution, only tax rates. The other problem with your argument is that you're only talking about the federal income tax, and not that the capital gains tax is only 15%, plus itemized deductions, etc. etc. etc. You're not looking at the big picture, only focusing on one tax as the basis for your argument.
@SweatLaserXP Poor people pay more capital gains taxes than the rich? Sales taxes? Really? Property taxes? Rich people buy 1989 Hyundais, pay tax on that? Eat always on dollar menu at McDonalds? Live in crap, low property tax houses? Getting wealthy requires sacrifice. Instead of living with debt, we must sacrifice and accumulate capital. Federal Policy is low interest rates. Low int rates encourage saving? Cap Gains taxes encourage saving? Fed policy IS TO BE POOR. You listen, I DONT.
@luvcheney1 Most wealthy people were born to wealthy parents. When you're looking at the top 5/1%, this is true of the vast majority. Economic mobility is low in the US. And some poor people do pay higher *effective* tax rates than the rich, due to their combined sales/payroll/etc taxes making up a greater portion of their total income. In general, the rich receive more than half of their income as capital gains, only taxed at 15%
I'm sorry if reality doesn't agree with Ayn Rand mythology.
@pholland Your assertion that "Fed revenues constitute a higher % of GDP today than at any time during the post war era" is dead wrong. The opposite is true.
From Office of Budget And Management Historical Table 2.3
Fed revenues were 20% of GDP in 1944, trended slowly downward over the following decades, and reached its lowest point in 2010 when fed revenues were only 10.6% of GDP.
Fed revenues constitute a LOWER % of GDP today than at any time during the post war era.
@pholland The rich paying a higher proportion of taxes is an mathematical certainty when their incomes and wealth keep increasing at the same time as middle class wages stagnate and millions are unemployed.
Rep politicians love to cite the proportion of taxes paid by the rich. They purposely don't point out the reasons for that situation, and rep followers are too stupid to research the facts and understand the bigger picture.
@SweatLaserXP Tax revenue TO Govt INCREASED, after Bush tax cuts. As did tax revenue from the Capital Gains tax reduction, by Clinton, from 28% down to 20%. Deficits are a function of spending, and revenue. Percent tax rate isnt part of the equation, and it is a fallacy raising rates will necessarily raise revenue. For Corp tax, raising rates also just means the Corps leave the country. BTW, when they leave, they pay OTHER nations the tax. Libs think 35% of nothing is more than 20% of something.
@luvcheney1 Supply-side economics was discredited shortly after Reagan became president, because revenues declined immediately. Raising tax rates raises revenue. Period. Big corporations and the rich will just deal with it. The idea the "the rich will all go somewhere else if you raise their taxes" is pure myth. It's not as easy as you think to ship businesses overseas.
@SweatLaserXP "data show that after high marginal tax rates of 1981 were cut, tax payments and the share of the tax burden borne by the top 1 percent climbed sharply. In 1981 top 1 % paid 17.6% of all personal income taxes, but by 1988 their share jumped to 27.5%, a 10% increase" and "Clinton tax increase have opposite effect on the willingness of wealthy taxpayers to expose income to taxation". Joint Economic Committee, US Congress. Want the URL? BTW, same thing with Bush cuts, Kennedy too.
@luvcheney1 *sigh* their share of the tax burden increased because they were taking in a higher share of national income. In 1981, the top 1% owned 24.8% of all the wealth, but by 1989 they owned 35.7% of all the wealth. So, their wealth increased by about 43%, and their taxes increased by about 56%... not a bad deal! Especially when the bottom 99% was becoming worse off. You're only looking at tax rates and not actual output. Plus, you're looking only at income taxes.
@SweatLaserXP You are not admitting the benefit of what you actually are seeing. "sigh". Expansion of the economy, of the actual tax base. When revenue increases, after a reduction in rates, that only can happen when 1) More income is offered up ( not sheltered, hidden, etc) OR 2) Economic activity has increased. #1 has no cost on anyone else, just more income offered, and #2 is better for far more people than just the rich guy paying, because economic activity requires others, and rich spend.
@luvcheney1 You are another victim of Rep spin - looking at 1 period of time where revenues grew following a tax cuts, and ignoring even longer periods where revenues as a % of GDP decreased following tax rates. The GOP also try to attribute causal relationships to circumstances that are juxtaposed in time but not causal.
For example, in the period you refer to revenues grew because of the bubble of huge demand (& jobs) that were fueled by unsustainable borrowing by govt' and by consumers.
@luvcheney1 From before WW2 and all through the "great prosperity" to 1980 the U.S. never had a top marginal tax rate below 70%. Even under Republican president Eisenhower the top rate was 90% & we never had a slowdown, in fact the economy grew dramatically. (Why won't you ever hear that of Faux News?)
That high marginal rate at the top end meant the middle class were not robbed of the disposable income needed to keep the economy growing.
@megarational Why dont YOU go see EXACTLY how much revenue was brought IN buy those high rates?? The % of GDP, from 1951-1960 was 17.3%, at rates around 91%. During the Bush term, from 2001-2008, the % was 17.4%. I would be more than happy to refer you to WHERE US Govt statistics on the matter reside. Those high, 91% rates generated NO MORE revenue than Bush`s 35% rates. Isnt the object to actually MAXIMIZE growth? High rates encourage sheltering incomes, legally and not. Rich folks REACT.
@luvcheney1 As for high rates encouraging sheltering incomes, I got some news for you. Corporations and the wealthy already hire armies of accountants and lawyers to minimize their taxes - regardless of rates.
@luvcheney1 Now along comes Paul Ryan who wants to lower the MAX RATE on the super-rich even more. What makes it worse is that IRS tells us that the super-rich get most of their income from Dividends & Capital Gains & Ryan wants to lower the tax rate on them to 0%
Rich pay more tax because they have more property 4 cops to protect, more trash to take out, their mansions use more water, their heavy cars wear out streets faster, their jets use public airports and navaids, their yachts use public waterways, sattelites, and our Coast Guard. They travel overseas more too, so our military and embassies stand by protect them more.
@Bill1275w Cops are local. Trash is local. Streets are local. BTW, many local taxes are property taxes, and the rich have more valuable property. As for "heavy" cars, there are taxes on gas, and heavy cars use gas.
@Bill1275w so ur sayin the pay more property taxes, more trash removal bills, more water bills, more registration for their cars, more gas tax for their jets, more sataltie phone bills, and more to keep up thier passports? hmm i think we should tax them more on top of all that.
I believe in the fountain effect and someday will wirte a paper on it... tax cuts to the middleclass result in trickled up moneys to the rich threw spending that eventually trickle back down as a result of more spending in the economy and the need for more workers
Republicans have one idea and it's the same one since forever, and that's tax cuts for the rich.
Sure it didn't work for Reagan, Nixon, Ford, HW Bush, or GW Bush, but that doesn't stop the Republicans from pretending it did.
No do you see why the Republicans love a dumbed down America? It is easy to lie and manipulate average Americans to go against their own interests in order to enhance the rich.
Tax cuts for the rich are utterly useless in all respects. Higher taxes on the rich do zero harm to the economy, in fact they help it expand and stabilize. The people who claim otherwise are absolutely traitors in every respect. My video response explains.
The dumbing down of America has never been so evident as in Congress . Obama is a great speaker , but says nothing . Bush could barely form a coherent sentence , but did more damage to our country than anyone ever believed possible . I'm glad there are a few brave and intelligent like Grayson who are exposing these elitists . Why is it the Republicans like to throw the word around at liberals when there are only elitists running their party .
FUCK THE RICH MFer... I have to squeeze my blood for every penny just enough to put food on the table during the X'Mas while those RICH MFer just to whisper to the GOP(GREED OVER POOR) ... just "YES, ON THE EXTEND TAX CUT..."... so they can buy a FUCKING FARALLI as a X'Mas present for their kids... Fuck all of you GREED MFer...
I wonder how much money Barack Obama made under the Bush tax cuts? Or how about how much money these stupid ungrateful Hollywood liberals made with the Bush tax cuts? Leftist hypocrites always want to cry about how taxes are too low but then don't want to voluntarily give away their money to the federal government.
My God, if this was anywhere in Europe, there'd be a public outrage, media storm and hopefully corruption investigations. I mean, the U.S public are so brainfucked and stupid to even lose their analytical capacity about this, <_<
Liberal Democrats hate the rich more than they love economic growth or tax cuts for the middle class. Democrats find it is more emotionally satisfying to punish the wealthy than it is to assist the non-wealthy.
@Yankhadenough Amen, this is what I've been saying all along. By the way what is the penalty for treason as laid out in the constitution? I'd love nothing more to put all the republicans on trial for treason and have them excecuted.
@chromacopy365 I think I've shown a good grasp of the issues as well as plenty of apt descriptions of libtard punkass's such as yourself. All you've shown is a fixation for FoxNews in your own HomoCrappy way. You parrot all other libtard fuckhwads that feel compelled to blame FoxNews for the failure of your FAILED ideology.
Our founding fathers would have shot you dead if they saw what you've done to our liberty.
What do think they meant about "give me liberty or give me death", fuckhead?
@chromacopy365 Alinsky's 5th rule: “Ridicule is man’s most potent weapon. It is almost impossible to counterattack ridicule. Also, it infuriates the opposition, who then react to your advantage.”
Alinsky's 13th rule for radicals; Pick the target, freeze it, personalize it, and polarize it.
Dumb enough to use your own marxist tactics against you. You should have stuck to incrementalism, we are on to you now and we will use all the tools available for our fight againstof you.
@chromacopy365 a Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever...
We have no government armed with power capable of contending with human passions unbridled by morality and religion. Avarice, ambition, revenge or gallantry would break the strongest cords of our Constitution as a whale goes through a net. Our Constitution is designed only for a moral and religious people. It is wholly inadequate for any other.
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Nikola Tesla, physicist, inventor, and electrical engineer :
"Money does not represent such a value as men have placed upon it. All my money has been invested into experiments with which I have made new discoveries enabling mankind to have a little easier life."
The tesla (symbol T) is the SI derived unit of magnetic flux density. It was defined in 1960 in honor of the inventor, physicist, and electrical engineer Nikola Tesla.
People of virtue are not motivated by money and greed.
SuperThe86 2 weeks ago
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Its easy to see that this guy wants to have taxes higher on everyone that works so that he will have more power. Let’s take 300 million people’s money and give it to this intellectual elite known as our congress. I can spend my money better than this criminal. Wake up America!
cbw50071 2 weeks ago
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cbw50071 2 weeks ago
6:17 That lonely clap.. x/
Probably Henry Waxman or Elijah Cummings.
Paulsasleepwalker 4 weeks ago
That guy is awesome! Thanks for posting the video.
bzimm18 4 weeks ago
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This guy was elected out of Congress for a generic Republican businessman. Shame on you, Florida...
Redfingers 4 weeks ago
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3% of your Representatives in Congress honors their Oath of Office to "...support and defend the United States..." 100% of the time in the 112th Congress:S Myrick NC, Ron Paul TX, P Roe TN, B Posey FL, C Mack FL, T McClintock CA, R Labrador ID, T Huelskamp KS, T Johnson IL, W Jones NC, A Harris MD, T Graves GA, John Duncan, JR TN, Jeffery Duncan SC, J Campbell CA, J Chaffetz UT, J Amash MI, Rand Paul KY (The Freedom Index 8-8-11 sans those who voted for ndaa) Restore America RON PAUL 2012
possumpistol 1 month ago
This guy is my hero
TheColtsfan473 4 months ago
that was his mom clapping
waltermatthewberg 4 months ago
IMO the only guy other than Bill Maher that can be a condescending prick...BECAUSE HE IS CORRECT!
CkyRckr 4 months ago
If you gave Grayson a mullet, he'd look like a smarter version of Steven Seagal.
Imagine him punctuating these verbal beatings with drop-kicks to the faces of whoever he was addressing. It would be amazing.
VysetheTard 4 months ago
So Rush Limbaugh makes 72% more than the #1 pro athlete in the United States and over 50% what the top CEO in the United States makes.
Just for talking!
My jaw has just dropped into the center of the Earth.
pavethemoon 4 months ago
@pavethemoon Pro athletes, and Rush make money for the very same exact reason. People like them, and that creates a vehicle that creates sales. Lots of people in stadiums, selling seats and beer, lots of people watch games on TV, selling whatever is advertised. Rush has lots of listeners, so advertisers have a place to reach people, for sales. When I play with a football, nobody will pay me. Nor when I talk. You jaw is dropping, because you are so fucking stupid you do NOT respect sales.
luvcheney1 4 months ago
72 Millionaires clicked Dislike, You greedy scoundrels!
deeppurple28 5 months ago
yo im broke and i want the tax cuts to say. what happens when they people that are employeed by this people get fired b,c that extra money was payin our salaries?
bobwatters 5 months ago
@bobwatters We've had far higher tax rates on the wealthy in the past, and the economy was perfectly healthy. The top federal income tax rate from ~1940-1980 stayed above around 60% and was even as high as 91% in the 50's. It's a lie that money from the wealthy will trickle down as jobs, etc. Most of the money the wealthy have is invested and only subject to the 15% capital gains tax. Because of this, many rich people pay a lower rate than even the poor (who are subject to sales, etc. taxes).
BenkaiDebussy 4 months ago 11
@BenkaiDebussy so you think that taxing the rich even more will convince them to invest their money less? Plus raising taxes durring a recesion is the dumbest idea ever! The gov't is terrible at handling money! Private industry is so much more efficent! This guy gives the numbers like none of the money will be loss in the buracracy and it will all go to making jobs which is bullshit! Raising taxes durring a recesion is bad fiscal policy period!
bobwatters 4 months ago
@bobwatters You must be the stupidest man alive for believing that raising taxes on millionaires during a recession is bad fiscal policy. Paying more taxes wouldn't affect the rich at all but these assholes are so greedy and so hateful of the middle and lower classes that they don't care and want to ruin the country even more.
Diedrupo 4 months ago in playlist Liked
@Diedrupo do your research a little more raising taxes durring a recession is bad fiscal policy! How can it make any sense to take money out an econemy that dosent have enough money in the first place? You think that giving the govt more money is magicly going to creat more jobs? do you honestly think that the Govt can creat more jobe more efficently than privat industry? And taking the rich does affect them! if they pay more in taxes then they have less money to higher more people!
bobwatters 4 months ago
@bobwatters What a splendid example of the american education system you are... Your written english is worse than mine and I've lived in Norway all my life. A "socialist" country by the way, but we're doing great! We have healthcare for all, not just those lucky enough to have an insurance company who doesn't manage to weasel out of paying. We had 3.2% unemployment as of August 2011. I'm not saying social democracy is perfect, but it sure as hell beats the corrupt ideas of the republicans!
PinkJuJuTeapot 4 months ago
@PinkJuJuTeapot i knew u were a mother fuckin socialist! i dont care about spelling on here why would i care about that? and the fact that ur NOT AN AMERICAN AND A SOCIALIST MEANS YOU HAVE NO SAY ON WHAT HAPPENS HERE!!!! worry about you own fucking county b,c you have no idea what it means to live in this country! like the saying goes freedom isnt free! sometime we make sacrafices to keep freedoms you will never have so fuck off you socialist bastard!
bobwatters 4 months ago
@bobwatters Yeah, well, Norwegian people wouldn't call me a socialist but a centrist. Most american people don't know how a social democracy works. We have a market economy, or rather a capitalist system with regulations to ensure that people with power can't abuse their position. I really shouldn't bother responding to you, given the fact that you have yet to respond to my concerns, but that's alright, because that's how it goes with the republicans.
PinkJuJuTeapot 4 months ago
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PinkJuJuTeapot 4 months ago
That being said, I've got relatives in the U.S., some of who told my family that I was a devil worshipper because of the Darwin-fish on my car. How am I to worship an entity in which I don't believe in? Guess which news channel these people watch... Yeah, Fox "News"! The channel of the republicans. I'm not one of those people who hate america. In fact, I love it! When I'm finished getting my free education, I am thinking about moving over to you guys.
PinkJuJuTeapot 4 months ago
But as long as you don't get your country in order I'm better off here in Norway. At least I know that I won't become a debtslave if I ever need healthcare.
PinkJuJuTeapot 4 months ago
@bobwatters FYI, I know what it means to live in your country, I've been there a few times, living and spending my time with both the rich and the poor part of America (I have both quite wealthy and relatively poor relatives in the U.S.). I know how it is in the U.S. I know how it is in a social democracy like Norway. Believe me, I just want the best for as many people as possible and to me that is a system which combines capitalism with regulations to avoid corruption
PinkJuJuTeapot 4 months ago
@PinkJuJuTeapot lmfao you know what its like to live here b/c you have visited and have relatives here? damn that must be one of the dumbest things i have ever read! Most of the people that live here dont even know what it means to live in a democracy! and you think since you visit you know? lord talkin to socialists is such a wast of time! like i said freedom aint free we all have to make sacrafises to be able to keep the freedoms so many have fought and died for!!!
bobwatters 4 months ago
@bobwatters Correct me if I'm wrong, but isn't there a protest in pretty much every major city in your country, because of the economic situation you are in? I know how the situation is for the working poor in your country and I know how it is for the wealthy. Again, correct me if I'm wrong, but I seem to remember something about you having an unemployment rate of about 9% against our social democracy with about 3.2%. And we don't see tax cuts for the rich as the solution.
PinkJuJuTeapot 4 months ago
@PinkJuJuTeapot lol to even try to begin to convers the intricacies of what is realy going on in this country is takes more than someone who simply visits! If your views were so right then our extremely liberal president would have made things better not worse! the rich are the ones that employee people! how the fuck would cutting taxes on the poor help anything? what about the millions of illegals that send money out of this country every month! what about cont
bobwatters 4 months ago
@PinkJuJuTeapot what about how they live off every form of govt supports b,c even though they make enough money they have no real social security number and or are payed in cash so they "income" is low enough for them to be eligable for every form of support since they all have so many anchor babies. not to mention they are already taking jobs from real citzens or the strain they cause on the healthcare system since they have no insurance and go to the E.R for a simple cold then never pay!
bobwatters 4 months ago
@bobwatters and their income taxes is way below what the "job creators" had to pay in your country in the 50's, 60's and 70's. If you would revert to pre-Reagan federal income tax your rich would pay less than in our social democracy (or "socialist" country as your republicans perceive it) and you would afford both "socialized medicine" and to keep up your warmongering.
PinkJuJuTeapot 4 months ago
@PinkJuJuTeapot hmm for some reason when you suggest "socialized medicine" to be used in a democratic society it just sounds dumb. i wonder why? o maybe b.c we like to have choices and and not be forced into healthcare and like to keep the competition only a free market can create. well ur a socialist and ur just gonna keep thinkin thats the right way. times change and so should taxes so they have. punishing the rich for being rich is a terrible idea but you cant understand that.
bobwatters 4 months ago
@bobwatters I just noticed that you had responded to me before I wrote my last post, so I feel as if I have to respond one last time before I go to bed. I'm not suprised that you bring up the free choice and competition argument, which I've used myself against socialists in this country. The point that you bring up isn't really valid, as we have both government run and privately run health care in this country, but I do wish we were more fair towards the private run health care over here.
PinkJuJuTeapot 4 months ago
@bobwatters That being said, almost everyone in your allied country of Norway is happy to pay to have a safety net for those unfortunate enough to not afford medical insurance. And it's not like we don't have a problem with immigration as well. In both Sweden and Norway there are something resembling ghettos of muslim immigrants, and our government has failed when it comes to integration of our new countrymen. But our discussions is about what we can do to help them adapt.
PinkJuJuTeapot 4 months ago
@PinkJuJuTeapot haha yea you think muslims are bad? lord i would love to see you deal with every person you see not even speaking you language! not to mention that every where you go you see them with like 8 or 9 kids hanging off of them! and then when ur behind on of them at the store with like 8 kids they pull out there fuckin food stamp card and pay for their food with tax payers money!!!! fuck that! it makes me wanna kill them!!! they dont even pay taxes! ugh sick to my stomach!
bobwatters 4 months ago
@bobwatters I'm sorry you see it that way. I've been politically active for years now, despite being only 20. In my youth I started out far right and went even farther right. I praised the american system, but I've grown. I'm sure you or someone else who disagree with me will use my age against me, but I'm sure I'm right, despite my age. I've held central positions in the same political party that the despicable right wing terrorist ABB was a member of, and I even agree with some of his points.
PinkJuJuTeapot 4 months ago
@PinkJuJuTeapot the fact you consider youself right winged makes me sad. people these days just dont know what it its to be conservative! i try not to be right more than left but not extreme to either. i am a libertarian! its the only view that makes sense all others are idiots period! i can say that with confidence b,c if you realy think about it its the only way to go. libertarian for life and through death!
bobwatters 4 months ago
But I've seen the effect unregulated capitalism has. And I've seen that it's perfectly possible to tax someone something close to what you did in America in the 50's, 60's and 70's and still have a capitalistic system where you allow your wallet to vote. I've said it before and I'll say it again: we have rich people, filthy rich people in a social democracy as well, but we still can afford health care for all, cheaper per capita than the system you have.
PinkJuJuTeapot 4 months ago
@PinkJuJuTeapot how the hell could you have seen the effects of unregulated capitalism! maybe you have read about it but u you have not seen it. and taxing the rich is just punishing the rich! imagain if you were tryin to get rich as hard as you could then as soon as you started makin more money you actualy made less money b,c you were taxed more even though ur gross income was more! its stupid the rich employee the norm take their money way and they just employ less!
bobwatters 4 months ago
@bobwatters I suggest you watch a little less Fox News and start watching some more MSNBC and some news outside of the MSM. It helps balance the propaganda out a bit. I seem to remember some statistic saying that the top 1% income has risen by 300% while middle americas income has stayed pretty much stationary the last 30-40 years. Again, correct me if I'm wrong... I held a libertarian view just before moving centrist. I went from right to far right to right and then libertarian, and I disagree.
PinkJuJuTeapot 4 months ago
@PinkJuJuTeapot lmfao i dont watch fox news or msnbc!!! to much propganda! i do my own research and look at the facts and make my own views! i dont need anyone to tell me how to think! trying to compare you views when you live in a socialist country is just imposible! the govt has no right to make a laws the way they do. if you are doing something that does not hurt anyone else then you have all the right to do that! yet the govt wants to make laws against it all to often!
bobwatters 4 months ago
@bobwatters Ok, that's good to hear. Now we are moving more towards something we agree on. I still hold the same views with regards to social policies as I did as a libertarian, but my views on economic policies have moved to the centre/left (depending on if we talk about Europe or the US). Sorry, but I view my previous views on economy as ignorant and would say the same about yours as well. Seriously, can't you see how your middle class is fading away? The gap between rich and poor in your
PinkJuJuTeapot 4 months ago
@PinkJuJuTeapot the middle class fading away is not b,c there are to many conservatives. if its made by anything its b,c of the stupid ass tax tables used in the U.S. everyone should pay the same % of taxes no matter what they make no loop holes no nothing everyone pays the same % period.
bobwatters 4 months ago
@bobwatters No, your middle class is fading because the top 1% have too much power and keep getting more and more of the pie. Meanwhile, middle america is getting scammed out of their homes by corrupt banks while their insurance companies refuse to pay for their life saving surgery, because of "pre-existing conditions". According to the latest report by 'Save the Children', Norway ranks #1 as being the best country in the world for a mother and their child. USA is on #31 - behind countries like
PinkJuJuTeapot 3 months ago
@bobwatters Poland, Latvia and Slovakia. When it comes to parental leave, your country ranks worse than any other developed country participating in this research (164 countries in total). The study looked at health, education and economy for women and their children. Norway - #1, USA - #31. When you talk about "american exceptionalism" you are living in the past. You have been overtaken by social democracies with social safety nets.
PinkJuJuTeapot 3 months ago
@PinkJuJuTeapot first of all your talking about waaaaaaaay smaller countries! second of all democracy has nothing to do with where you rank as a country unless its how you rank in freedoms! freedom is about being free not ranking on some stupid chart. thats something you will inheritly never understand.
bobwatters 3 months ago
@bobwatters How you rank on child mortality rate etc. says a lot about a country. You spend far more than any other major country per capita on health care, yet you score this bad? Can't you see that your country is wasting billions on bonuses and payouts for CEO's in insurance companies and health care providers hurt the american middle class? Can't you make the connection between people earning insane amounts exploiting the middle class and the fact that the middle class is shrinking rapidly?
PinkJuJuTeapot 3 months ago
@PinkJuJuTeapot o lord you wanna talk about the child mortality rate? holy fuck man that entire raking was blown to shit right after it came out! everyone fliped shit b/c cuba ranked better than us! turns out they didnt count so many things in their rates and we did! all countries count it diffrent so the ranking is bullshit! not to mention all the dumb nigger and wet backs we have givin birth to crack babies and babies with fetal alchol syndrom! our healthcare is amazing here!
bobwatters 3 months ago
@bobwatters Yeah, I am aware that Cuba has reported artificially low 'CMR' because of statistical manipulation. This is the new annual report by 'Save the Children', however, and I'm not even mentioning Cuba or any of the other countries where child mortality rates and such are being manipulated. I'm finished debating your racist ass after your last comment though. I'm starting to wonder whether you're a poe or for real... Let me see you debunk the statistics I've quoted, and I'll reconsider.
PinkJuJuTeapot 3 months ago 4
@bobwatters The top 5 countries in the report: Norway, Australia, Iceland, Sweden, Denmark. Can you see a pattern? Social democracies are doing remarkably good, wouldn't you agree?
PinkJuJuTeapot 3 months ago
@bobwatters country is growing faster than ever before... If you do as you claim (do your own research), you should be aware of this. Unless you are substituting Fox News with libertarian think tank ideas you should know what I'm talking about.
PinkJuJuTeapot 4 months ago
I don't consider myself right wing anymore. In norwegian politics I consider myself centrist and in american politics leftist, but I held views that would be considered far right in both Norway and the US I'm afraid. Nationalistic almost neo-nazi views. Views that I'm ashamed of. But it's not that far off the Norwegian mainstream right. I then gradually moved towards mainstream right to libertarianism and then centrism. I reacted to what I saw in people with similar views and it forced me left.
PinkJuJuTeapot 4 months ago
@PinkJuJuTeapot libertarian is the only view that makes sense and allways will be!
bobwatters 4 months ago
@bobwatters and to allow for the happiness of the many. I value freedom, I value freedom of speech, and I would fight for the same freedom you value even if it meant my own demise. But I wish you would open your eyes and see that you are on the wrong path, straying farther and farther away from the principles of your founding fathers. I'm not an enemy of the U.S., I wish that you win your wars and ours, even though I'm against them. But it is my duty to voice concern where concern is due!"
PinkJuJuTeapot 4 months ago
@PinkJuJuTeapot how fucking dare you think you have the right to tell me im straying from my founding fathers views!! you know nothing that you speak of! I know more of the founding fathers views that you ever could! you have never been subjected to the laws they have created and the ones that are misunderstood! They were some of the smartest people that ever lived and fuck wads like you think they can understand what they wanted by reading a damn document that was designed to say so little!
bobwatters 4 months ago
@bobwatters The fact that your idea of a discussion is belittering the person with opposing views just helps my point. Spend a few weeks in any european country and I'll take you more seriously. You speak as if you have nothing at all to learn from people with other experiences and viewpoints. You speak as if regulated capitalism is the same as communism. And FYI, Obama is not close to being as liberal as you perceive him. We have rich people in Norway as well
PinkJuJuTeapot 4 months ago
@PinkJuJuTeapot by you saying that obama is not as liberal as i think he is just shows how far off you are! by American standards he is extremely liberal! by ur standards hes only a little liberal. but like i said you trying to understand the American political system by simply reading things is just ignorant! regulated capitolism is always going to be the norm of capitolism. and i do have nothing to learn from socialists other than what not to do. you have no idea what ur talking about.
bobwatters 4 months ago
@bobwatters And I would like to point out that I've been active on the political far right in Norway, and that my sympathies have generally lied with the republicans and libertarians until recently. I'm happy to see that your last post was less belittering and I hope to discuss this further with you. I am positive that if you give me a chance, we can agree on a lot, but as I've pointed out in a recent post, I feel obligated to point out what I perceive as a mistake in your current policies.
PinkJuJuTeapot 4 months ago
@bobwatters I am happy to discuss this further as I've pointed out, but it's 4 in the morning here and I've got to sleep. I'm looking forward to hearing back from you!
PinkJuJuTeapot 4 months ago
@Diedrupo the problem is ur a damn socialist you wanna work for the govt and have everyone work for them. i dont trust the fuckin govt to do a damn thing right b.c they never do! Who would u trust to run the financials of this country more a billionaire like Trump or a fucking idiot that has no idea how to run anything like obama! Hmm the guy that has proved he knows how to handle money or they guy that has proved he dosent have a clue how to hadle money!
bobwatters 4 months ago
@BenkaiDebussy Warren Buffet agrees with you. Of course, its easy to confuse issues. Buffet owns shares of Berkshire Hathaway, who paid 29% in taxes, for 2010. Then Buffet claims his 15% cap gains is less than the secretary. Cap Gains is low, because the money was taxed, already. His share of the corporate profit got taxed twice, to at least 44%, before even considering state or local taxes. This silliness flies only with the dense.
luvcheney1 4 months ago
they know tax cuts for the rich dont create jobs but they also know that the dittoheads believe it, QED. hope Grayson gets reelected at some point.
pn2543 5 months ago
Those tax cuts were Necessary indeed, just check out the latest numbers from the Census Bureau! ..."—Child poverty rose from 20.7 percent to 22 percent". 2011! ROTFL ROTFL!
deeppurple28 5 months ago
Beck= 33 million, Sean = 22 million, Bill'O = 20 million. Lol, Taking their viewers to the cleaners while cashing in bountifully.
born912 5 months ago
How the hell was this man not re-elected?? STUPID Floridans!
Bestmoviealive 7 months ago 9
President Reagan: “We must also insure that taxes due the government are collected. And that a fair share of the burden is borne by all.”
the1tigglet 7 months ago
@the1tigglet Today, the bottom 50% only pays 3% of the taxes. I agree with you, they ought to pay their share too.
luvcheney1 7 months ago
@luvcheney1 riiight tell that to the middle class, the middle class pays more in taxes then the oil companies that are consistantly producing LESS oil just to make higher profits. ExxonMobil (XOM) in its 2009 annual report to the SEC, recorded a larger income tax expense than any other U.S. company last year, some $17.6 billion, or 47% of pretax earnings. Bank of America paid 0 in taxes in 2010 even though they have the highest fees for everything from ATM's to accounts and earned billions.
the1tigglet 7 months ago
@the1tigglet B of A had a $ 3.6 Billion loss in 2010. There isnt any "income tax" when there isnt any income. You may not be aware, but losses may exceed profits in a year, and the excess is deducted over a period of years. There is nothing amiss here, except your knowledge.
luvcheney1 7 months ago
@luvcheney1 actually no, i follow Forbes and many other reputable sources for my numbers and that's false info on your end but seeing as how you have Cheney in your login name i wouldn't imagine you follow Facts very well because neither does he, thus the reason no nation ever found any evidence of WMS during the two campaigns we've had over in the middle-east, kind of a bad example to be following...
the1tigglet 7 months ago
@the1tigglet Fine, how about referencing a source from Forbes, relating to the income statement of B o A?
BTW, investors, SEC, IRS, all require and need income statements. They are public info, on public companies. They are instantly available, and the numbers are the same, on any financial site. So, instead of just saying I am wrong, how about stating the actual figures, as I have done? Google "Bank of America Yahoo", find yahoo finance for them, and LOOK at income statement, or other source
luvcheney1 6 months ago
@luvcheney1 Wait I just your name is "luvcheney".
BACK UNDER YOUR BRIDGE, TROLL!!!!!!
zzyzx0788 6 months ago
@zzyzx0788 ?? "Wait I just your name is "luvcheney"."?? Please attempt to make a coherent sentence. If you are unable, that is OK. But what is the point, when you can not?
luvcheney1 6 months ago
@luvcheney1 ....
I still stand by my statement. I do believe you must be a troll.
zzyzx0788 6 months ago
@zzyzx0788 To Libs on You Tube, a Troll is anyone who isnt a Lib.
luvcheney1 6 months ago
@luvcheney1 Sorry, I find something incredibly suspicious about a name thats showing any kind of love towards Cheney. Its the kind of behavior I would expect out of a troll.
zzyzx0788 6 months ago
@zzyzx0788 It is actually the opposite of suspicious. You instantly know I am a conservative, or Republican. The word in use today is "transparent". I am a Troll, because I do not agree with you, or any other stupid Lib around here.
luvcheney1 6 months ago
@luvcheney1 Opposite of suspicious? I have yet to come across anyone who truly liked Cheney. Its like if my name was "luvbiden". You might raise an eyebrow.
On a separate note, I'd like to say that I think its wonderful that you say "any other stupid Lib around here." Thats the sure way to spark honest debate about anything.
zzyzx0788 6 months ago
@zzyzx0788 You have not attempted any "honest debate", just starting off with calling me a troll. Fine. Cheney actually got millions of votes as VP, twice. If you dont know of anyone who does like him, this is just a reflection on who you know, not reality.
luvcheney1 6 months ago
I agree that the 47% of American's who are in jobs should pay their fair share but getting the economy to where it should be requires both the rich being taxed and the working class being taxed, you can't tax the unemployed, retired, or homeless. That's like trying to squeeze blood from a turnip you're gonna be very disappointed in the end. The facts are there, corporations have held this country hostage long enough. esp banks and oil companies.
the1tigglet 7 months ago
God am I glad this fool is gone! It's not hard to see why Florida got sick of him. Can he be anymore butthurt?
s13iLLuminati 7 months ago
@s13iLLuminati Fuck you, he'll be back in 2012. It's time for a revolution in this country where we eat the rich and their scumbag supporters like yourself.
Newenlightenmentnow 7 months ago
@s13iLLuminati that fool kept you and yours in your home, in your job, and off the streets you should be thanking him. Without people like him things like what happened in Wisconsin and what's happening now to the homeless veterans would happen to everyone.
the1tigglet 7 months ago
I miss Alan Grayson in Congress
MrJAMiller1 7 months ago
You are dead wrong. Based on the Office of Budget And Management Historical Table 2.3:
Fed revenues as a % of total GDP dropped sharply following the Bush tax cuts.
Fed revenue was only 10.6% of GDP in 2010, the lowest ever. .
The increases in GDP have gone primarily to the wealthy, depriving consumers of disposable income that would have helped to keep the economy going.
megarational 8 months ago
@megarational Great! Facts! Go total up and divide by 10, YOUR source, INCOME tax revenue as % of GDP from 1950-1959, a 10 yr period, of 90% income tax rates. Then, total up the 10 yr average from 2000-2009, a 10 yr period with mostly 35% rates, up to only 39.6%! Notice anything?? At 91% tax, Govt got only 7.41% of GDP, avg, and at the 35% rate, Govt got 8.2%! That is reality. Go ahead, raise taxes, enjoy less revenue, and a shrinking economy. At least you will "feel good".
luvcheney1 8 months ago
@luvcheney1 Fed revenues were higher as a % of GDP throughout the high incremental tax years than at any time since the Bush tax cuts.
Same source, confirms the opposite of what you are claiming.
eg: fed revenues as % of GDP in 1946 - 17%. Fed revenues as % of GDP 2009 - 10.6%, 2010 - 10.3%
And by the way, like any good Republican when you object to "raising taxes" the translation is don't block tax cuts for the rich.
(Even Obama is not in favor of raising taxes on the middle & lower class.)
megarational 8 months ago
@megarational The bottom 50% only pays 3% of all taxes, how the fuck can you cut taxes on folks who dont even pay income taxes stupid?
luvcheney1 8 months ago
@luvcheney1 The bottom 50% accounts for something like 2% of the total wealth in this country.
zzyzx0788 6 months ago
@luvcheney1
Oh give it a rest...the rich aren't paying their fair share...period. Even assuming income tax is constitutional - it isn't - or that there is even a law requiring one to pay taxes on income - there isn't - if you earn more you should pay more. When Warren Buffet's secretary earning $60k a yr. pays a higher eff. tax rate than he does, there is a problem that even HE will admit too.
CRschralper 7 months ago
@CRschralper Buffet and Bill Gates fortune is mostly unrealized capital gains. No tax has ever been due on most of it, and they both have charities, to make sure most of it never will. The "reason" people pay less tax on capital is obvious. ( to some). Taxes have already been paid on the income it ( the capital) was saved from. Taxing capital is just double taxation.
luvcheney1 7 months ago
I can't believe that spewing misleading bullshit on Fox gets you millions of Dollars a year! I'm in, screw the poor!
deeppurple28 9 months ago
Stop wasteful spending.
jmjfanss 9 months ago
When you cut taxes for the rich, you do create jobs....lots and lots of jobs....in China, India, Malaysia, Indonesia, Mexico, etc. And, believe me, these nations appreciate tax cuts for the American rich.
pbmax 9 months ago
@pbmax Actually, taxes are higher in most countries you listed, sorry. Taxes can be lower in countries where most kids root through trash or make shoes all day instead of going to school and getting a chance at better life though. They can also be lower where shit flows through the streets because there are no water and sewer systems. Also, if there are no building codes so the slightest earthquake kills hundreds of thousands because every building collapses, taxes can be lower.
Bill1275w 9 months ago
@pbmax it worked so far!...idiot
donatshabani 9 months ago
@pbmax 1. a) Well, if you listen to the hyper-partisan politically motivated ideological bullshit spin on Faux News and from Republican politicians - you WOULD think that tax cuts for the rich create jobs and pay for themselves..
However, if you listen to the conclusions of top ranked non-partisan sources - you would believe exactly the opposite.
See next comments...
megarational 8 months ago
1.b)
Alan Greenspan:
"I am very much in favor of tax cuts, but not with borrowed money. The problem we have gotten into in recent years is spending programs with borrowed money, and tax cuts with borrowed money and at the end of the day that proves disasterous."
Interviewer:
"So you do not agree with Republican leaders who say tax cuts pay for themselves?"
Greenspan: "No I do not."
megarational 8 months ago
@pbmax 1. c) David Stockman, Republican senator (’77- ’83), & director of the Office of Management and Budget under the Regan administration.
interview Nov 10, CNN’s Parker Spitzer:
Question: “Should congress extend the Bush tax cuts?”
Stockman: “I think we can’t afford them, pure and simple. They shouldn’t have been enacted in 2001 & 2003. It’s $3 trillion over a decade of money we desperately need…we have to level with the public.”
megarational 8 months ago
3,d( Fareed Zakaria's
"If the economy needs a bit more stimulus, fine, extend unemployment benefits for another year. That’s a temporary measure and the money will get spent. Unemployment benefits workbecause they go to people who are living from paycheck to paycheck and they spend the money. By contrast we have had 3 tax cuts since the economy went into a slump, 2 under Bush and 1 under Obama, and in all three cases people saved the money instead of spending it.”
megarational 8 months ago
@pbmax 3. f) The CBO recently estimated that a permanent extension of the Bush tax cuts would boost growth in the short term, but add more than $3,200B to the budget deficit over the next decade.
"The extra borrowing, & it is a good deal of extra borrowing - would have negative consequences for the economy" - statement by Mr. Elmendorf, who leads the non-partisan agency that analyzes the budgetary effect of legislation for Congress.
megarational 8 months ago
@pbmax 3.f) Tax cuts at any level have a stimulus effect. However, they do not necessarily pay for themselves and tax cuts at the high end are by far not the best way of creating jobs.
eg: Give those living paycheck to paycheck an extra $ and it will be all be spent domestically and immediately - stimulating demand & creating jobs.
By contrast, give the rich and extra $ & they will save some, invest some overseas, play the stock market, or speculate in real estate - none of which creates jobs.
megarational 8 months ago
This has been flagged as spam show
If you vote Republican, you better get ready for your Medicare, and Social Security to be cut. If your 18-26 and on your parents insurance, get ready for that to end if the Republicans win, because they said they will abolish it. Get ready for the GOP to give more tax breaks to the rich, and cut out your unions collective bargaining rights, and of course get ready for all the budget cuts to fall on the middle class backs. I'd rather vote Obama than see any Republican do all those things to us.
NowThePeople 10 months ago
@chromacopy365 Fairness Doctrine is only intended to be used, in media popular with Conservatives. Radio programing is based on profit. SURPRISE! So, fairness would dictate Liberals be given equal time, but they have shown an inability to draw the massive audiences Rush, Hannity, etc draw. So, Radio would need to "balance" those conservatives with Libs, who wouldnt draw an acceptable audience. That means hiring Rush for 1 hour, means another hour of dead time. That reduces market value of Rush
luvcheney1 10 months ago
ALAN GREYSON IS A FUCKING NUTJOB HE GOT HIS ASS KICKED SO HARD IN NOVEMBER IT WAS SAD!!!!!!!
slayerkendra 11 months ago
@slayerkendra That has to do with the facts that can't be argued in this presentation how?
pappadj 11 months ago
@sfvdude13 I know, god forbid we roll back the Bush tax cuts and close the deficit a little
SweatLaserXP 11 months ago
@SweatLaserXP How does giving Congress more money to spend incentivize them to cut spending?
pholland 11 months ago
@pholland The only reason anyone wants to end the tax cuts is because they want to narrow the deficit, not to allow for more spending. Ending the cuts would close the deficit by 75% in the short term.
SweatLaserXP 10 months ago
@SweatLaserXP But it wouldn't though. Federal revenues constitute a higher % of GDP today than at any time during the post-war era. We don't have a revenue problem, we ave a spending problem. In addition, the rich pay a higher percent of the total federal tax burden than at any time in history. A society in which half the population gets a free ride and pays no federal income tax is not truly a fair one. The rich are treated like second-class citizens in this country.
pholland 10 months ago
@pholland "In addition, the rich pay a higher percent of the total federal tax burden than at any time in history." This video was not about "rich" people. It is about hundredmillion & billionaires. That is the fallacy with this train of thought. The 250k bracket is screwed and must be fixed. However, so is the billionaire bracket yet no one republican or democrat touches it - take GE for example.It is very complex, I know. Both parties are equally corrupt except for a few.
Downfurlife 10 months ago
@Downfurlife GE isnt a person. Do you have any idea at all WHY GE pays no taxes?
luvcheney1 7 months ago
@luv1 The supreme court disagrees. So will 90% - 99% of anyone who has sued a corporation. Corporations have personhood & constitutional rights. They can contribute more funding to a politician than normal citizens, corporations have the same rights as citizens as well. If they are not a person, I have no issue with this position... Then let's not treat them like people :\
Paying taxes cuts into profit. Our corporate rate +/- is only a few points higher or lower than the global average.
Downfurlife 6 months ago
@Downfurlife Refer to the "Federal Election Commission" for LAW on this matter. Individuals may give $2500 to EACH candidate per year, Corporations are PROHIBITED. Individuals may give up to $5000 yr to any one "SSF" ( usually known as a PAC). Corporations, and UNIONS, and others may establish "PACS", which is simply pooling of resources, from individuals. Corporations and Unions consist of individuals. You say "Our corp rate is few pts higher". What? Tax or profit? Please clarify.
luvcheney1 6 months ago
@pholland The rich pay a high percent of the total tax burden because they take in all of the money. You're not accounting for wealth distribution, only tax rates. The other problem with your argument is that you're only talking about the federal income tax, and not that the capital gains tax is only 15%, plus itemized deductions, etc. etc. etc. You're not looking at the big picture, only focusing on one tax as the basis for your argument.
SweatLaserXP 10 months ago
@SweatLaserXP Poor people pay more capital gains taxes than the rich? Sales taxes? Really? Property taxes? Rich people buy 1989 Hyundais, pay tax on that? Eat always on dollar menu at McDonalds? Live in crap, low property tax houses? Getting wealthy requires sacrifice. Instead of living with debt, we must sacrifice and accumulate capital. Federal Policy is low interest rates. Low int rates encourage saving? Cap Gains taxes encourage saving? Fed policy IS TO BE POOR. You listen, I DONT.
luvcheney1 6 months ago
@luvcheney1 Most wealthy people were born to wealthy parents. When you're looking at the top 5/1%, this is true of the vast majority. Economic mobility is low in the US. And some poor people do pay higher *effective* tax rates than the rich, due to their combined sales/payroll/etc taxes making up a greater portion of their total income. In general, the rich receive more than half of their income as capital gains, only taxed at 15%
I'm sorry if reality doesn't agree with Ayn Rand mythology.
BenkaiDebussy 4 months ago
@pholland Your assertion that "Fed revenues constitute a higher % of GDP today than at any time during the post war era" is dead wrong. The opposite is true.
From Office of Budget And Management Historical Table 2.3
Fed revenues were 20% of GDP in 1944, trended slowly downward over the following decades, and reached its lowest point in 2010 when fed revenues were only 10.6% of GDP.
Fed revenues constitute a LOWER % of GDP today than at any time during the post war era.
megarational 8 months ago
@pholland The rich paying a higher proportion of taxes is an mathematical certainty when their incomes and wealth keep increasing at the same time as middle class wages stagnate and millions are unemployed.
Rep politicians love to cite the proportion of taxes paid by the rich. They purposely don't point out the reasons for that situation, and rep followers are too stupid to research the facts and understand the bigger picture.
megarational 8 months ago
@SweatLaserXP Tax revenue TO Govt INCREASED, after Bush tax cuts. As did tax revenue from the Capital Gains tax reduction, by Clinton, from 28% down to 20%. Deficits are a function of spending, and revenue. Percent tax rate isnt part of the equation, and it is a fallacy raising rates will necessarily raise revenue. For Corp tax, raising rates also just means the Corps leave the country. BTW, when they leave, they pay OTHER nations the tax. Libs think 35% of nothing is more than 20% of something.
luvcheney1 10 months ago
@luvcheney1 Supply-side economics was discredited shortly after Reagan became president, because revenues declined immediately. Raising tax rates raises revenue. Period. Big corporations and the rich will just deal with it. The idea the "the rich will all go somewhere else if you raise their taxes" is pure myth. It's not as easy as you think to ship businesses overseas.
SweatLaserXP 10 months ago
@SweatLaserXP "data show that after high marginal tax rates of 1981 were cut, tax payments and the share of the tax burden borne by the top 1 percent climbed sharply. In 1981 top 1 % paid 17.6% of all personal income taxes, but by 1988 their share jumped to 27.5%, a 10% increase" and "Clinton tax increase have opposite effect on the willingness of wealthy taxpayers to expose income to taxation". Joint Economic Committee, US Congress. Want the URL? BTW, same thing with Bush cuts, Kennedy too.
luvcheney1 10 months ago
@luvcheney1 *sigh* their share of the tax burden increased because they were taking in a higher share of national income. In 1981, the top 1% owned 24.8% of all the wealth, but by 1989 they owned 35.7% of all the wealth. So, their wealth increased by about 43%, and their taxes increased by about 56%... not a bad deal! Especially when the bottom 99% was becoming worse off. You're only looking at tax rates and not actual output. Plus, you're looking only at income taxes.
SweatLaserXP 10 months ago
@SweatLaserXP You are not admitting the benefit of what you actually are seeing. "sigh". Expansion of the economy, of the actual tax base. When revenue increases, after a reduction in rates, that only can happen when 1) More income is offered up ( not sheltered, hidden, etc) OR 2) Economic activity has increased. #1 has no cost on anyone else, just more income offered, and #2 is better for far more people than just the rich guy paying, because economic activity requires others, and rich spend.
luvcheney1 10 months ago
@luvcheney1 You are another victim of Rep spin - looking at 1 period of time where revenues grew following a tax cuts, and ignoring even longer periods where revenues as a % of GDP decreased following tax rates. The GOP also try to attribute causal relationships to circumstances that are juxtaposed in time but not causal.
For example, in the period you refer to revenues grew because of the bubble of huge demand (& jobs) that were fueled by unsustainable borrowing by govt' and by consumers.
megarational 8 months ago
@luvcheney1 From before WW2 and all through the "great prosperity" to 1980 the U.S. never had a top marginal tax rate below 70%. Even under Republican president Eisenhower the top rate was 90% & we never had a slowdown, in fact the economy grew dramatically. (Why won't you ever hear that of Faux News?)
That high marginal rate at the top end meant the middle class were not robbed of the disposable income needed to keep the economy growing.
megarational 8 months ago
@megarational Why dont YOU go see EXACTLY how much revenue was brought IN buy those high rates?? The % of GDP, from 1951-1960 was 17.3%, at rates around 91%. During the Bush term, from 2001-2008, the % was 17.4%. I would be more than happy to refer you to WHERE US Govt statistics on the matter reside. Those high, 91% rates generated NO MORE revenue than Bush`s 35% rates. Isnt the object to actually MAXIMIZE growth? High rates encourage sheltering incomes, legally and not. Rich folks REACT.
luvcheney1 8 months ago
@luvcheney1 As for high rates encouraging sheltering incomes, I got some news for you. Corporations and the wealthy already hire armies of accountants and lawyers to minimize their taxes - regardless of rates.
megarational 8 months ago
@luvcheney1 Now along comes Paul Ryan who wants to lower the MAX RATE on the super-rich even more. What makes it worse is that IRS tells us that the super-rich get most of their income from Dividends & Capital Gains & Ryan wants to lower the tax rate on them to 0%
megarational 8 months ago
Rich pay more tax because they have more property 4 cops to protect, more trash to take out, their mansions use more water, their heavy cars wear out streets faster, their jets use public airports and navaids, their yachts use public waterways, sattelites, and our Coast Guard. They travel overseas more too, so our military and embassies stand by protect them more.
Bill1275w 1 year ago 11
@Bill1275w Cops are local. Trash is local. Streets are local. BTW, many local taxes are property taxes, and the rich have more valuable property. As for "heavy" cars, there are taxes on gas, and heavy cars use gas.
luvcheney1 10 months ago
@Bill1275w so ur sayin the pay more property taxes, more trash removal bills, more water bills, more registration for their cars, more gas tax for their jets, more sataltie phone bills, and more to keep up thier passports? hmm i think we should tax them more on top of all that.
bobwatters 5 months ago
@bobwatters Yes, and drunk drivers face huge fines ON TOP of the expensive booze and alcohol taxes they pay for.
Bill1275w 5 months ago
@Bill1275w whats ur point
bobwatters 5 months ago
I believe in the fountain effect and someday will wirte a paper on it... tax cuts to the middleclass result in trickled up moneys to the rich threw spending that eventually trickle back down as a result of more spending in the economy and the need for more workers
Ocheck86 1 year ago
Republicans have one idea and it's the same one since forever, and that's tax cuts for the rich.
Sure it didn't work for Reagan, Nixon, Ford, HW Bush, or GW Bush, but that doesn't stop the Republicans from pretending it did.
No do you see why the Republicans love a dumbed down America? It is easy to lie and manipulate average Americans to go against their own interests in order to enhance the rich.
It's the very core ideal of the Republican Party.
dfrutled 1 year ago
Tax cuts for the rich are utterly useless in all respects. Higher taxes on the rich do zero harm to the economy, in fact they help it expand and stabilize. The people who claim otherwise are absolutely traitors in every respect. My video response explains.
ChrisSudlik 1 year ago
make that 66...thus far.
mikeisamovie 1 year ago
The dumbing down of America has never been so evident as in Congress . Obama is a great speaker , but says nothing . Bush could barely form a coherent sentence , but did more damage to our country than anyone ever believed possible . I'm glad there are a few brave and intelligent like Grayson who are exposing these elitists . Why is it the Republicans like to throw the word around at liberals when there are only elitists running their party .
MindofaJedi 1 year ago
Awesome exposé.
But how do you still not use a projector for your slide shows. Get some guys from comedy central's special effects division.
BelgianBrain 1 year ago
Well, the Republicans got what they wanted. The rich are happy.
Filmaker25 1 year ago
65 millionaires clicked dislike!
deeppurple28 1 year ago
FUCK THE RICH MFer... I have to squeeze my blood for every penny just enough to put food on the table during the X'Mas while those RICH MFer just to whisper to the GOP(GREED OVER POOR) ... just "YES, ON THE EXTEND TAX CUT..."... so they can buy a FUCKING FARALLI as a X'Mas present for their kids... Fuck all of you GREED MFer...
MindEFX 1 year ago
@carmenelectra10
Tsk, tsk. What a pottymouth. Come back when you learn to make a coherent argument. I can hardly read that tripe.
For the record, I happen to depend on education funding at the moment, since I am a public school teacher.
redbeardsm 1 year ago
@carmenelectra10
Geez, you hurt my feelings. I may go cry now.
For the record, I'm not against education funding. That's how I pay my bills.
(Since you probably didn't get that...I am a public school teacher.)
But whatever.
redbeardsm 1 year ago
I wonder how much money Barack Obama made under the Bush tax cuts? Or how about how much money these stupid ungrateful Hollywood liberals made with the Bush tax cuts? Leftist hypocrites always want to cry about how taxes are too low but then don't want to voluntarily give away their money to the federal government.
JMMoosey 1 year ago
My God, if this was anywhere in Europe, there'd be a public outrage, media storm and hopefully corruption investigations. I mean, the U.S public are so brainfucked and stupid to even lose their analytical capacity about this, <_<
underbjorn 1 year ago
It's refreshing to see a Democrat with a spine for once.
Rogue2rocks 1 year ago
Liberal Democrats hate the rich more than they love economic growth or tax cuts for the middle class. Democrats find it is more emotionally satisfying to punish the wealthy than it is to assist the non-wealthy.
BlackRepublican2010 1 year ago 2
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@BlackRepublican2010 assistance for the non-wealthy comes from taxes that the rich are treasonously dodging
Yankhadenough 1 year ago
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@BlackRepublican2010 yet the working poor and middle class have no tax shelters from payroll deductions, only the wealthy have tax shelters
Yankhadenough 1 year ago
Fuck the republican snakes..
TheDrunkenHer0 1 year ago
@TheDrunkenHer0 GOP wants USA to collapse in submission to more borrowing from China!.. the Republicans are communists & traitors.
Yankhadenough 1 year ago 22
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@Yankhadenough True That.
TheDrunkenHer0 1 year ago
@Yankhadenough I would call them capitalists. Traitors hell yes
griesrt 1 year ago
@Yankhadenough Amen, this is what I've been saying all along. By the way what is the penalty for treason as laid out in the constitution? I'd love nothing more to put all the republicans on trial for treason and have them excecuted.
Newenlightenmentnow 7 months ago
@chromacopy365 I think I've shown a good grasp of the issues as well as plenty of apt descriptions of libtard punkass's such as yourself. All you've shown is a fixation for FoxNews in your own HomoCrappy way. You parrot all other libtard fuckhwads that feel compelled to blame FoxNews for the failure of your FAILED ideology.
Our founding fathers would have shot you dead if they saw what you've done to our liberty.
What do think they meant about "give me liberty or give me death", fuckhead?
sfvdude13 1 year ago 2
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@sfvdude13 Who gives a shit, this is 2010. CHINA has bought your ass, and they couldn't GIVE A SHIT ABOUT THE FOUNDING FATHERS.
Did the Founding Fathers speak CHINESE? You will be.
Did all your pubic hair fall out? Ew!
You need a PUBIC WIG.
You Moldy Oldies go on about 1776 and that's when YOU last had sex.
The Chinese are THOUSANDS of years old, a couple of hundred years means NOTHING to them. Look how much of YOUR FAT ASS THEY HAVE BOUGHT, they OWN YOU.
godhatesallfatpeople 1 year ago
@chromacopy365 Alinsky's 5th rule: “Ridicule is man’s most potent weapon. It is almost impossible to counterattack ridicule. Also, it infuriates the opposition, who then react to your advantage.”
Alinsky's 13th rule for radicals; Pick the target, freeze it, personalize it, and polarize it.
Dumb enough to use your own marxist tactics against you. You should have stuck to incrementalism, we are on to you now and we will use all the tools available for our fight againstof you.
sfvdude13 1 year ago 2
@chromacopy365 a Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever...
We have no government armed with power capable of contending with human passions unbridled by morality and religion. Avarice, ambition, revenge or gallantry would break the strongest cords of our Constitution as a whale goes through a net. Our Constitution is designed only for a moral and religious people. It is wholly inadequate for any other.
-John Adams
sfvdude13 1 year ago