Comments on: Big Love: The GOP and the super-rich Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 By: shastakath Sun, 16 Dec 2012 06:29:44 +0000 Inner satisfaction is probably the only genuine measure of “wealth,” given one has the means, even very modest means, to live in peace and good health. Making a contribution — whether through inovation like a Gates or through art, music, good cooking and community kindness — lasts, grows, is reflected back through relationships. The drive for competative wealth-gathering (and keeping) is just a weak person’s way to try to gain something by kidding themselves that satisfactions WILL follow, eventually. Do you think Mitt or the Kochs’ bask in the warm glow of lives finely lived & shared? As our Canadian friend (@youniquelikeme) puts it, “pipe dreams live on.”

By: zotdoc Fri, 14 Dec 2012 14:16:46 +0000 My wife and I make just over 250,000 and i’m proud to be in the “super rich” category. It’s great to be in the “club” with Warren Buffett, Bill Gates and the Koch brothers. We go to all the same clubs and enjoy yachting and jeting about to make all the social scenes. YEAH RIGHT – Come on people, I’m doing ok but I’m nowhere near super rich. I can afford a yard man but if the government takes much more I guess I’ll have to go back to doing it myself. Good luck economy. BUT WAIT – we could go over the cliff and then the govt would be cut and everyones taxes would go up – I’d still have to fire the yard man but at least I would know that I wasan’t alone in my misery. So Obama, be an ass and wreck the trillion dollar economy over 80 billion in taxes on us super rich!

By: youniquelikeme Thu, 13 Dec 2012 19:17:20 +0000 So many Americans still think they can also have it all, and are happy to allow the rich to continue to take more than their fair share and not fair tax rates… because they too want to become just as greedy and be the real “takers” of society.

They are the ones who are ‘supporting” the gop wholeheartedly in this endeavor,even though they will never have the means to become rich legally, nor super rich. It is as though they have lost a grip on reality. (The remarks by Romney and those who favoured and protected Romney brought this home. “You are all just jealous… leave them alone,” etc…)

But the last thing the super rich want is some nouveau riche bum thinking he is at all like them… of bluer blood and silver spoonfed! You are the working class who serve them and they will continue to ensure it is kept that way.

They will stifle growth and horde as they have always done… write laws to have congress sign… and do their best to cut regulations and not pay their share of taxes. (Shoot, even the hypocrite Buffet just protected a friend by locking in their 15% tax rate on captial gains)

Few very rich trickle anything beneath them or provide growth. They and TBTF investment banks help feed the economic downturns however, just as they did in the last great depression.

Even reminding such a person who protects the extremely wealthy that a rich person just paid 10 times more for a painting than he would make in his lifetime didn’t give him a new perspective. Pipe dreams are alive and well…and so it seems the huge divide.

At least here in Canada our regulations have thus far protected a large portion of the middle class. Yours is dwindling and hemorrhaging and perhaps most do not even seem to know it or care, as their pipe dreams of “opportunities” keep them delusional.

By: bluewater23000 Wed, 12 Dec 2012 19:56:19 +0000 The comment, “— leaving the rest of Americans, including affluent Americans below the pinnacles of our economy, out in the cold.” implies that somehow because the 1% wouldn’t pay the rest of us would have to pay. Perhaps some of us 99% are of the opinion that some of it shouldn’t BE paid for. Yes, please cut! Mandatory defense cuts? YES! End a war? Yes, please, I’ll take two. Allow market pressure to drive demand for green products rather than having the government artificially increase the costs of non-green. YES! I just want the government to GOVERN, not meddle in every aspect of our lives. Notice, I didn’t talk about cutting ANY social program. I want what I’ve paid into Social Security as much as anyone. But then, I’ve been paying in since I was 12.

By: jcfl Wed, 12 Dec 2012 17:12:11 +0000 the ultimate goal of the gop is and has always been to eliminate taxation on the wealthy and large corporations, and to eliminate all social programs. all else is smoke and mirrors, designed to placate those the gop needs to keep in the camp to get elected. they do this by attracting various hate groups that make up their support base.
@mstamper – i suspect you have many family members who have benefited and are currently benefiting from social security, medicaire and medicaid, along with many other social programs – heck, some day you’ll benefit from them too, whether you want to admit to that or not. i love hearing some friends on the right brag about the ultra low health care premiums they pay on veteran or disability health benefits, and then i mention that those are a form of universal healthcare. at that point it’s the deer in the headlight syndrome and their brains turn to mush, muttering some right wing jibberish.

By: mstamper Wed, 12 Dec 2012 16:37:59 +0000 “most Americans will pay a considerable price for the cuts in public programs that are sure to be part of any agreement”. Yeah, right… We sure benefit greatly from those valuable “public programs”. Another great commentary from the Daily Worker, err Reuters.

By: mikemm Wed, 12 Dec 2012 16:20:33 +0000 The problem with reducing loopholes is that the tax lawers for the very wealthy will have the most input on what gets eliminated and what doesn’t and that imlementation could just introduce new loopholes for them to take advantage of while losing the old ones.
The bottom line is that the middle class and the lower wealth rung will be the ones who get hit by the loophole reductions and the top .01% will be able to offset them by other accounting tricks.

Revenues like an alternative minimum tax or raising the rates on short term capital gains and counting carried interest or non-cash pay for executives salary as income and not as capital gains, on the other hand, are very real and almost impossible to avoid paying without breaking the law by hiding income or fraud.

We don’t have to raise the highest tax rate at all to accomplish a fairer tax system. We just need to ensure that higher income individuals are following the same rules as everyone else who makes enough to pay taxes does. We don’t want to persecute the rich. We only want to hold them accountable to the same rules as middle class working people so everyone pays their fair share as a percentage of income. That isn’t happening now with the wealthy paying a much smaller percentage of their incomes than most of the rest of us.

Most of our GDP is driven by consumer spending, so we are the job creators as much or more so than the rich who claim that as their right to pay less taxes.

By: usagadfly Wed, 12 Dec 2012 16:17:09 +0000 Time for the Republican Party to go, no doubt. They have little to offer the 90% whose votes they must con to remain in office.

It is amazing that people who seem to really believe in fiscal responsibility can seem to really believe that draining the blood out of the vast majority of Americans while enriching the already fabulously wealthy can bring a healthy economy. And at the same time permit and actually encourage the paying off of Government officials — i.e. bribery. Bribes are simply no different whether their source is named Kennedy or Capone. And they ultimately have the same purpose, which is most certainly not to benefit the public.

The problem is not just one political party, but with systemic bribery and corruption of public officials and judges. We also need to eject foreign agents (e.g. AIPAC) and all corporations from our politics, and with severe penalties enforceable by ordinary citizens.