Comments on: Victimized billionaires http://blogs.reuters.com/felix-salmon/2012/10/01/victimized-billionaires/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: zotdoc http://blogs.reuters.com/felix-salmon/2012/10/01/victimized-billionaires/comment-page-1/#comment-43743 Tue, 09 Oct 2012 16:22:28 +0000 https://blogs.reuters.com/felix-salmon/?p=18379#comment-43743 I make a great living,in the top 5% of the US. I’m not a billionaire and at 62, it looks like I will have to keep on working for many years, as I don’t have enough to retire, unless i want to live a very meager lifestyle. I agree that billionaires possibly should pay more, but I know that that is not going to happen. Instead the empty rhetoric about billionaires will be translated down to people making 250,000, er 200,000,er 150,000, oh hell 75000 and they will be the ones to bear the brunt of the tax burden. We should have a low flat tax with absolutely no loopholes or exceptions from the top income to the bottom income levels, a level playing field and no room for the pols to complicate the issues to buy their next election. We should also have term limits.

]]>
By: TFF http://blogs.reuters.com/felix-salmon/2012/10/01/victimized-billionaires/comment-page-1/#comment-43697 Sun, 07 Oct 2012 15:16:17 +0000 https://blogs.reuters.com/felix-salmon/?p=18379#comment-43697 Dafydd, it is narcissism. They see their earnings as evidence that they are contributing more to society than anybody else, and thus they shouldn’t be asked to do any more. Let those lazy slobs earning $30k or $40k take responsibility for their lives and pay their fair share, right? After all, even 5% of $1M is many times what the average citizen is expected to pay. That 15% tax rate on carried interest is clearly unjustly high.

]]>
By: Dafydd http://blogs.reuters.com/felix-salmon/2012/10/01/victimized-billionaires/comment-page-1/#comment-43639 Thu, 04 Oct 2012 14:41:33 +0000 https://blogs.reuters.com/felix-salmon/?p=18379#comment-43639 I think the more interesting question is…

How is it that Romneys 0.01 percenters accuse half of America of being tax dodging victims, when they talk like this?

Is it projection??

]]>
By: EPB http://blogs.reuters.com/felix-salmon/2012/10/01/victimized-billionaires/comment-page-1/#comment-43624 Wed, 03 Oct 2012 20:14:36 +0000 https://blogs.reuters.com/felix-salmon/?p=18379#comment-43624 Boson — On the money (so to speak).

I know a hedge fund guy, hardly an in-line GOP voter, whose anti-Obama vitriol has gone ’round the bend. He hasn’t articluated the carried interest protection as the source of his angst, but — The numbers don’t lie.

]]>
By: boson http://blogs.reuters.com/felix-salmon/2012/10/01/victimized-billionaires/comment-page-1/#comment-43611 Wed, 03 Oct 2012 16:09:02 +0000 https://blogs.reuters.com/felix-salmon/?p=18379#comment-43611 Everyone here with the exception of AdamJ23, including Felix and the writer of the new yorker piece, is missing the point. This is about one issue and one issue alone: the carried interest loophole. For many of these guys, that loophole is worth tens if not hundreds of millions of dollars in tax savings *per year*. I had lunch with one of the figures in the New Yorker pieceabout a year and a half ago, and when he spoke candidly, that was the very root of all the Obama hatred. It is the most ludicrous, indefensible, and counter-gaap giveaway to people who least need giveaways, but don’t expect a person to understand something that his or her livelihood is predicated on not understanding.

]]>
By: waltz1 http://blogs.reuters.com/felix-salmon/2012/10/01/victimized-billionaires/comment-page-1/#comment-43601 Wed, 03 Oct 2012 03:50:54 +0000 https://blogs.reuters.com/felix-salmon/?p=18379#comment-43601 I’m a rather meek person.

But give me 15 minutes with any of these folks, and I’ll have them begging for Marx and Lennin.

]]>
By: MLite http://blogs.reuters.com/felix-salmon/2012/10/01/victimized-billionaires/comment-page-1/#comment-43594 Tue, 02 Oct 2012 20:11:49 +0000 https://blogs.reuters.com/felix-salmon/?p=18379#comment-43594 Just to clarify MrRFox, you mean Jewish right?

]]>
By: MLite http://blogs.reuters.com/felix-salmon/2012/10/01/victimized-billionaires/comment-page-1/#comment-43593 Tue, 02 Oct 2012 19:55:26 +0000 https://blogs.reuters.com/felix-salmon/?p=18379#comment-43593 @MrRFox: Just to clarify, you mean Jewish right?

]]>
By: TFF http://blogs.reuters.com/felix-salmon/2012/10/01/victimized-billionaires/comment-page-1/#comment-43586 Tue, 02 Oct 2012 13:21:35 +0000 https://blogs.reuters.com/felix-salmon/?p=18379#comment-43586 Hedge fund = crowded trade.

Some people can make a lot of money, or many people can make a little money, but you simply cannot have an environment in which many people make a lot of money. There aren’t enough profits to go around.

]]>
By: dlake http://blogs.reuters.com/felix-salmon/2012/10/01/victimized-billionaires/comment-page-1/#comment-43574 Tue, 02 Oct 2012 01:19:14 +0000 https://blogs.reuters.com/felix-salmon/?p=18379#comment-43574 I do not feel sorry for these hyper senstive spoiled little Lord Fauntleroys.
They have spent such a long time being fetted as ‘masters of the universe’ they think they are invincible and we are all just peons who’s job is to bow and scrape before them.
Hardly.
If these arrogant whiners were at all atuned to the country they would not be walking around with noses in the air but, hiding in shame knowing they are the most despised people in the country.
Obama was simply stating a fact and they cannot handle the truth. They are fat cats and of little use to us or the country and if they cannot handle reality then they should just move out of the country and leave it. We would be relieved and very happy to see the last of these vipers.

]]>