Somewhat OT: Of the 1%, by the 1%, for the 1% - 30 years of greed

Page 1 of 2  
A good read on greed:
http://www.readersupportednews.org/opinion2/279-82/8120-thirty-years-of-unleashed-greed
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
dgk wrote:

http://www.readersupportednews.org/opinion2/279-82/8120-thirty-years-of-unleashed-greed Hi, You have to go way back where it all started. Nixon and Greenspan. Over the years since, U.S. governments neglected her watch dog role on financial establishments. This is the result we are in now. Err, Greenspan was mathematician.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

**This is the same Greenspan that was shocked! shocked!!! when the ****hit the fan in Fall 2008 He's on record saying that he thought the market would work. **That's what the Bush and Obama admins. get for hiring Libertarians and keeping them on for so long Head up his ***, or rather up his juvenile convictions.
True, much of this started with Nixon, but Reagan really got the ball rolling by, inter alia, starting to break the labor movement. The real culprits are Roger Ailes and the other far-far-far-Right crooks that have transformed the Republican party into something Eisenhower would not recognize.
HB
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Higgs Boson wrote:

Remember Eisenhower's speech about "military industrial complex? He was so right/
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

Reagan restored respect for America in the world. We were no longer being held hostage by the likes of Iran. His strategy for DEFEATING the Soviet Union, which included that military buildup, worked beyond anyones wildest dreams. And he did it while everyone, Nixon/Kissinger, George Will, Ted Kennedy, was telling him he was wrong.
The Soviet Union is on the ash heap of history. Hundreds of millions are freed. Even Reagan's Strategic Defense Initiative looks like remarkable foresight, given what's going on in Iran and North Korea. Long live the truth!
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
snipped-for-privacy@optonline.net wrote:

At what cost? What happened after his term? He did things like drunken sailor. Like ruin the future for the sake of present?
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

What we had at the end of his term was a booming economy that went on to be the marvel of the world. And a country that stood tall in the world and defeated the Soviet Union. Perhaps you missed it. Inflation was demolished, interest rates which were at 18% for US Bonds were more than cut in half. That period of prosperity extended to today.
If by ruining the future, you're harping about the increase in the national debt, I suggest you take a look at the facts. The deficits Reagan ran were within the norm as a percent of GCP. They did not put an unreasonable burden on the economy. Also, given the deficits we have today under Obama, clearly the deficits of today had nothing to do with what Reagan did 30 years ago. Libs like to pretend that the Reagan tax cuts created deficits. In reality, revenue doubled during his term. Yes, spending grew even faster, but you should also consider that Republicans never had control of the House during the Reagan years and only had control of the Senate for part of it. Given the whining we're hearing from Obama about how he can't get anything done despite having had control of both houses of Congress for 2 years, what Reagan accomplished is quite remarkable.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

Perhaps it's the Democrat party that you should worry about people no longer recognizing, as evidenced by the debacle in the last election. Democrats like Kennedy who cut taxes and was strong on defense are long gone. Now the Democrat party is the home of loon socialists like you.....
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

What's good about it? It starts out with total bias and a clear agenda:
"And that is after payment of the taxes that the superrich and their Republican apologists find so onerous."
Like the super rich don't also support and contribute huge amounts to the Dems? Both parties get huge contributions from the wealthy. Obama regularly goes to $35K a seat fund raisers. And that both parties then are beholden to these folks?
The rest of it is a bunch of nonsense too. Like attributing the fact that lawyers earnings grew substantially over the last 3 decades to Reagan deregulation? WTF?
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
dgk wrote:

http://www.readersupportednews.org/opinion2/279-82/8120-thirty-years-of-unleashed-greed 1. Greed is good.
2. First there was "Global Warming" to get those with nothing going in their life all exercised. That became "Climate Change" as the AGW premise was adequately challenged. Now it's "Climate Chaos" as a diminished number of supporters try to salvage the concept.
Those that were disillusioned drifted until they glommed on to the "Income Disparity" movement. In a few months, they'll all be agitating for the criminalization of "Parrot Plucking" or painting your house in horrid colors (i.e., white).
3. I'm personally agnostic on the subject of "wealth redistribution." If, somehow, we could make it happen, in only a few months the country's wealth would be back to its original condition.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

It's been going on since the begining of time. BFD There will always be rich and there will always be poor. Life is not fair and everybody is not equal. But everybody has the same opportunities to make a better life for themselves. It's *their* choice to make on how they live their life. This class warfare shit is complete bullshit and the gvmnt can"t do anything to change it. All the gvmnt is doing is distracting peoples attention and making them mad at rich people while they(gvmnt) screw you while you're not looking
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

OR...we could end up like CUBA where the entire friggen country is dirt poor, 50+ years behind the rest of the world and now trying to figure out how to get people off the government dole and back to work.

In my mind is has always been about an equal opportunity to persue happiness which doesn't mean equal opportunity to be rich. I know a lot of very happy and fulfilled people who aren't even close to being rich.

The problem for most people is that by the time the realize it was their choice (assuming they ever do) they have already made so many bad choices that they have already determined their destiny. Many more could change by making the right choices but are either too damn lazy or would rather go through life blaming someone else.

But that won't keep the morons from trying and screwing up everything in the process.

BINGO!
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
BobR wrote:

What happened to Cuba. We lost Cuba after winning it from Spanish. We exploited her real bad. All the American companies making $$$ on sugar and fruit. And Nickel mining to make artillery shells/bombs during WW II. They only bribed Batista and his cronies. Never paid a dime as tax.When Castro tried organizing union at Ni mine they tried to get rid of him. No wonder. The rest is history. We are good at making friend into enemy. At peak time they shipped 1.3 million tons of sugar States side per month procude dirt cheap using Jamaican, Haitian labor.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Tony Hwang wrote:

Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

Sure they do. The top 1% already pay 40% of all income tax. The bottom 50% pay nothing. How much more fairness do guys like you want?
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
snipped-for-privacy@optonline.net wrote:

May I ask 40% of what? Counting all the money they hid in Swiss bank or off shore? Didn't Buffet say tax me more?
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Tony Hwang wrote:

Forty percent (actually 36%, but who's counting) of all revenue collected by the federal government in the form of income taxes.
I don't think Buffet ever said "tax me more." What he said was he paid a lower rate than his secretary. That is because his income comes from capital gains, not wages. Oh, by the way, the IRS is suing his company for some enormous sum in unpaid taxes.
As an aside, I believe Ross Perot pays not income taxes either. His income is derived solely from the interest on tax-free municipal bonds.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

He also wasn't talking apples and oranges. Since at least one of his Lts. was paying a rate 6% above the top rate, it looks like (1) nobody is using the perk about tax planning he offers (2) they are including taxes other than just federal income taxes. He specifically states, in fact, that includes payroll (SS) taxes. He likely to pay less in total taxes since he makes so much more than the SS cutoff, so it is a much smaller of %age of his income. What the people who Take Umbrage at that fail to mention is that the income cutoff for SS taxes is EXACTLY the same as the cut off for benefits. They make it seem like the rich are getting away with something. What is happening is that even if they make $50 kajillion this year, their SS benefits won't be based on that income, but rather only to the cutoff. If you think about, there is already a type of means testing going on.

those for municipal purposes.
--
People thought cybersex was a safe alternative,
until patients started presenting with sexually
  Click to see the full signature.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Kurt Ullman wrote:

I don't think Buffett pays ANY SS taxes, simply because he has no WAGES. All his income (if memory serves) is from capital gains on which there is no payroll taxes. One wonders what he'll do for retirement...
I worry about him.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

According to Berkshire's 10-K he gets a salary of a $100,000 or so.
--
People thought cybersex was a safe alternative,
until patients started presenting with sexually
  Click to see the full signature.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

Related Threads

HomeOwnersHub.com is a website for homeowners and building and maintenance pros. It is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.