Why is being rich in America a crime to the left?

  1. You have chosen to ignore posts from gabootwo2006. Show gabootwo2006's posts

    Why is being rich in America a crime to the left?

    All the "leftist" attacks on the rich make it seem that the rich are some form of criminal that needs reformed. However, the "leftists" forget that the rich help the economy by expanding business, hiring people and creating product. Yet still, the "leftist" feel that the rich are open game for them to attack at will. Obama in his plan, wants to tax the top 5% more (they already pay the lionshare of taxes in America) during a time when America is in a economic crisis and have that money REDISTRIBUTED to those less successful and less influencial in expanding and growing the economy. That's a bad idea because it will only further the decline in the Amercian economy because less jobs will be created, product will become more expensive, and business expansion will slow or freeze all in the effort to offset the increased tax burden that these people/companies/corporations will face under Obama.

    Still, Obama and the left in America talk about the rich like they are scum and take an "how dare they be successful, make money and become wealthy"attitude towards them. Obama and the left feel that the middle class should be lifted up through punishing the rich with extra taxes. In addition, Obama and the left will allow the Bush tax cuts expire causing even further pain the economy because it will swell the tax burden on ALL AMERICANS and balloon the deficet by 2.3 trillion....let me repeat 2.3 trillion.....no, no....let me type it in long hand $2,300,000,000,000 dollars in additon to Obama's 1,000,000,000,000+ proposed spending on top of the $700,000,000,000 the bail out package that just happened. Add that up and that is a whole lot of money that the American taxpayer will have to pay down eventually. If that isn't enough, Obama wants to push for higher corporate taxes (America is already the 2nd highest rate in the world), a windfall profit tax on oil companies, and the reinstatement of the Marriage Tax. In short, Obama is tax, tax, tax, spend, spend, spend, while ruining the American economy. Now does all this seem fair to you the American Taxpayer? It doesn't to me. It isn't the rich who are criminal, it is Obama and the left who welcome all this that I have just informed you about that are criminal.
     
  2. You have chosen to ignore posts from gabootwo2006. Show gabootwo2006's posts

    Why is being rich in America a crime to the left?

    [Quote]What planet are you from? Were you visiting our galaxy a few weeks ago when the rich Wall St. east coast libs were being pilloried for trying to save the planet from economic implosion? The fact that the rich are "leftist" is the reason why they already pay a lion's share to the IRS.[/Quote]

    Ever notice that since the "lefties" (Democrats) took over the House and Congress that the economics in this country have gone south. Wasn't it the Republicans a couple years ago trying stave off the housing crisis/economic crisis while "leftist" (Democrats) felt there were nothing wrong with Fannie Mae or Freddie Mac?

    Read the following:

    Why does Obama blame Bush and the Republicans for the housing crisis?

    Apparently, the Bush administration attempted to regulate Fannie and Freddie. Here's and article from 2003.

    "The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

    Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry"

    "After the hearing, Representative Michael G. Oxley, chairman of the Financial Services Committee, and Senator Richard Shelby, chairman of the Senate Banking Committee, announced their intention to draft legislation based on the administration's proposal. Industry executives said Congress could complete action on legislation before leaving for recess in the fall. " (they're republicans)

    "Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.

    ''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.'' "

    Democrats opposed the bill to help poor people and people with bad credit get loans. These of course are the people who defaulted on their loans and bankrupted the companies.


    http://query.nytimes.com/gst/fullpage.ht...
     
  3. You have chosen to ignore posts from lucy7368. Show lucy7368's posts

    Why is being rich in America a crime to the left?

    Being rich in America isn't a crime. Tax evasion is. It's a problem that goes beyond "right vs. left."
     
  4. You have chosen to ignore posts from Giordana. Show Giordana's posts

    Why is being rich in America a crime to the left?

    Why is being poor in America a crime to the right?
     
  5. You have chosen to ignore posts from ecafsc. Show ecafsc's posts

    Why is being rich in America a crime to the left?

    [Quote]Why is being poor in America a crime to the right?[/Quote]


    It IS? Since when? Or did you mean to say why do the poor commit more crime?
     
  6. You have chosen to ignore posts from frankd8273. Show frankd8273's posts

    Why is being rich in America a crime to the left?

    Being poor isnt a crime but its a fact of life, not everyone can be wealthy, in this country you ahve the right to succeed and the right to fail. The right does more by far than the left in the way of private charities and churches to help the poor, and the left just says steal the riches money and let obama give it to the poor. With rights comes responsibilites! When you take from one to give to another you are infringing on the individual rights of another and placing the responsibilities of others on their backs! Doesnt seem FAIR to me but i guess thats what the left thinks it FAIR. Sounds like a little bit of Karl Marx to me.
     
  7. You have chosen to ignore posts from scauma82. Show scauma82's posts

    Why is being rich in America a crime to the left?

    [Quote]

    Move to Cuba you might like it better there, this is America we have this littel thing called the CONSTITUTION!! i think the left forgot about that, or they just dont care because it doesnt fit their ideology[/Quote]

    do you know john locke was a big influence on the people who wrote the consitution right? do you know what economic system he favored? do you know by 'happiness' they really mean 'property'? we all have the right to life, liberty, and the pursuit of property. our capitalist sysytem isn't designed to help people obtain property but to make it harder for them to obtain property. people with bad credit are forced to pay more in the way of interest, does that really make sense? the people who can afford the least, are forced to pay the most. again i'm not saying are system is the worst, or that america is bad, just that capitalism has its faults like all economic ideologies.
     
  8. You have chosen to ignore posts from ecafsc. Show ecafsc's posts

    Why is being rich in America a crime to the left?

    [Quote]

    do you know john locke was a big influence on the people who wrote the consitution right? do you know what economic system he favored? do you know by 'happiness' they really mean 'property'? we all have the right to life, liberty, and the pursuit of property. our capitalist sysytem isn't designed to help people obtain property but to make it harder for them to obtain property. people with bad credit are forced to pay more in the way of interest, does that really make sense? the people who can afford the least, are forced to pay the most. again i'm not saying are system is the worst, or that america is bad, just that capitalism has its faults like all economic ideologies.[/Quote]


    "people with bad credit are forced to pay more in the way of interest, does that really make sense?"

    Yes actually. If you have a history on not paying what you own then yes it should be harder for you to get a huge loan like that of a mortgage. Do you think it should be a free ride? Oh you can't pay your mortgage this month....oh don't worry your little head about it silly. It's cool. Pay us when you can....or don't pay at all. No biggie...

    What economic system would you prefer?
     
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  10. You have chosen to ignore posts from Pymus. Show Pymus's posts

    Why is being rich in America a crime to the left?

    The rule is, if you are going to be rich you are supposed to compensate your guilt by sucking a$$ to the left like the left elite in Hollywood, the press and Washington do. You throw a bone every now and then to scabs like Barak Obama. Keeps the sent off your trail. Allows you to stay buoyant at the beautiful people cocktail parties. Just look at Colon Powel. Shining example.

    I bet he's been invited to all the parties.

     
  11. You have chosen to ignore posts from lnmonster. Show lnmonster's posts

    Why is being rich in America a crime to the left?

    Let me explain this nice and slow. Capitalism has the natural effect of concentrating wealth in the hands of the people who are the best capitalists. Left unchecked, it deteriorates into economic feudalism, in which a few own most of everything and eveyone else has very little. As more and more people have less and less money to spend, the economy winds down. You get a depression, as we found out in the '30s.

    Any number of forces can work against this trend, and progressive taxation is one of them. It isn't socialism to tax poorer people at a lower rate than richer people, it isn't even really income redistribution. It's just progressive taxation. This is what Obama is proposing. Making capitalism sustainable is a GOOD thing; doing so prevents socialism from looking good by comparison, as it did in the first half of the 20th century when capitalism was unchecked and hence unsustainable.

    Right now the US federal tax system (with revenues mostly from income taxes and FICA, in approximately equal amounts) is fairly flat. The poorest pay 15% of every dime they earn in FICA. The wealthiest pay 15% of their income in divident and capital gains tax. Those of us in the middle pay more then either extreme.

    The richest 1% pay 22% of the income taxes and FICA, BUT they make 22% of the money. In other words, the tax rate paid by the top 1% of income earners is the same as the bottom 99%. That is NOT progressive taxation. All Obama is proposing is that we make the tax system a little more progressive.

    I suspect the conservatives will argue that the taxes poor people pay (FICA) doesn't count because that money supposedly funds entitlement programs, but this is BS. FICA money has been used for general operation of the federal government for decades, and when the money comes out of your paycheck, it affects the employee and the economy exactly the same, no matter which bookkeeping account the money supposedly goes into.
     
  12. You have chosen to ignore posts from kmatthew68. Show kmatthew68's posts

    Why is being rich in America a crime to the left?

    [Quote]Let me explain this nice and slow. Capitalism has the natural effect of concentrating wealth in the hands of the people who are the best capitalists. Left unchecked, it deteriorates into economic feudalism, in which a few own most of everything and eveyone else has very little. As more and more people have less and less money to spend, the economy winds down. You get a depression, as we found out in the '30s.

    Any number of forces can work against this trend, and progressive taxation is one of them. It isn't socialism to tax poorer people at a lower rate than richer people, it isn't even really income redistribution. It's just progressive taxation. This is what Obama is proposing. Making capitalism sustainable is a GOOD thing; doing so prevents socialism from looking good by comparison, as it did in the first half of the 20th century when capitalism was unchecked and hence unsustainable.

    Right now the US federal tax system (with revenues mostly from income taxes and FICA, in approximately equal amounts) is fairly flat. The poorest pay 15% of every dime they earn in FICA. The wealthiest pay 15% of their income in divident and capital gains tax. Those of us in the middle pay more then either extreme.

    The richest 1% pay 22% of the income taxes and FICA, BUT they make 22% of the money. In other words, the tax rate paid by the top 1% of income earners is the same as the bottom 99%. That is NOT progressive taxation. All Obama is proposing is that we make the tax system a little more progressive.

    I suspect the conservatives will argue that the taxes poor people pay (FICA) doesn't count because that money supposedly funds entitlement programs, but this is BS. FICA money has been used for general operation of the federal government for decades, and when the money comes out of your paycheck, it affects the employee and the economy exactly the same, no matter which bookkeeping account the money supposedly goes into.[/Quote]

    Facts! Logic! What message board is this?
     
  13. You have chosen to ignore posts from scauma82. Show scauma82's posts

    Why is being rich in America a crime to the left?

    [Quote]


    "people with bad credit are forced to pay more in the way of interest, does that really make sense?"

    Yes actually. If you have a history on not paying what you own then yes it should be harder for you to get a huge loan like that of a mortgage. Do you think it should be a free ride? Oh you can't pay your mortgage this month....oh don't worry your little head about it silly. It's cool. Pay us when you can....or don't pay at all. No biggie...

    What economic system would you prefer?[/Quote]

    i don't have a preference, but i don't think there should be such inequality. and i think poor people wouldn't be as late with their payments if they weren't getting porked every time they need credit for something. it's counter-intuitive to make those who can least afford it, pay more. simple economics. this is a general statement and not a rule.
     
  14. You have chosen to ignore posts from BilltheKat. Show BilltheKat's posts

    Why is being rich in America a crime to the left?

    I know a lot of left leaning rich people. They just don't whine as much about paying taxes as the right.
     
  15. You have chosen to ignore posts from mcgons19. Show mcgons19's posts

    Why is being rich in America a crime to the left?

    Nice post InMonster.
    Also, have people visited towns like our very own North Hampton? It's a liberal bastion, even for this state, and most of the people there aren't exactly poor.
    Many people on the "left" that I know are very well off. Many are also concerned, considerate, and intelligent enough to not vote based solely on their bank accounts.

    Funny- early on in the campaign the attacks were on the "liberal elite, and the cosmopolitans", which both clearly insinuate economics. Now it's that the left hates the rich.

    Keep grasping, you'll find a straw in the next year.

     
  16. You have chosen to ignore posts from fancy-shamanski. Show fancy-shamanski's posts

    Why is being rich in America a crime to the left?

    Well stated Inmonster

    I've got plenty of money, and I don't need a tax cut. I spend my money on stupid things because I'm a baller. Why would you want to give me more money when these tax cuts BANKRUPT OUR COUNTRY and cost the middle class more in the long run in terms of the national debt??? Why the hell would "Joe the Plumber" who has no money and will never have any money want to give a huge tax cut to bill gates, or manny rameriz, or the ceo of lehman bros?

    IT MAKES NO SENSE. Republicans always b!tch about paying taxes on money they don't have, and never will have. Why do they want to give the wealthy a tax cut when they simply don't need it???
     
  17. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Why is being rich in America a crime to the left?

    Somehow gabootwo, I doubt you'll be negatively impacted by Obama's tax policy.
    Why do people think that rich people never benefit from government policies? Deficit Spending, leading to higher interest rates benefits those that have money to invest in T-Bills and hurts those that borrow. Subsidies and load guarrantees to private industries increase their profit margin and enable the CEOs of those companies to to reap huge bonuses. The Medicare drug benefit benifitted the professionals at the Drug companies far more than they benefitted the people on Medicare.

    It seems like it's only socialism when it beneifts the middleclass and working poor - but if it benefits the rich or corporations, it's called being a "Good American".

     
  18. You have chosen to ignore posts from ecafsc. Show ecafsc's posts

    Why is being rich in America a crime to the left?

    [Quote]

    i don't have a preference, but i don't think there should be such inequality. and i think poor people wouldn't be as late with their payments if they weren't getting porked every time they need credit for something. it's counter-intuitive to make those who can least afford it, pay more. simple economics. this is a general statement and not a rule.[/Quote]

    How can you not have a preference? You've done nothing but bash capitalism so you must have something you'd prefer.
    Do you think we should all get paid the same regardless of job, education, skill? So do you think the bathroom attendent handing out towels should make as much as a CEO for example?
     
  19. You have chosen to ignore posts from ecafsc. Show ecafsc's posts

    Why is being rich in America a crime to the left?

    [Quote]I know a lot of left leaning rich people. They just don't whine as much about paying taxes as the right.[/Quote]

    Then you haven't been listening very well. I don't know anyone who likes paying taxes. Doesn't matter which side they are on.
     
  20. You have chosen to ignore posts from lrecliner. Show lrecliner's posts

    Why is being rich in America a crime to the left?

    What is the goal of wealth resdistribution? To combat poverty or just make it less miserable? To keep these people poor, but not so poor that they will complain too much? To me that is the real question.

    I have heard economists say that redistributing wealth does not do anything to combat poverty. The money never seems to reach the recipient in meaningful ways as it funnels its way through various beaurocratic intermediaries. And it certainly doesn't provide any opportunity for these folks.

    The way to at least make a dent in combating poverty is to CREATE wealth through investment/job creation, not resdistribute existing wealth.

     
  21. You have chosen to ignore posts from ecafsc. Show ecafsc's posts

    Why is being rich in America a crime to the left?

    [Quote]Well stated Inmonster

    I've got plenty of money, and I don't need a tax cut. I spend my money on stupid things because I'm a baller. Why would you want to give me more money when these tax cuts BANKRUPT OUR COUNTRY and cost the middle class more in the long run in terms of the national debt??? Why the hell would "Joe the Plumber" who has no money and will never have any money want to give a huge tax cut to bill gates, or manny rameriz, or the ceo of lehman bros?

    IT MAKES NO SENSE. Republicans always b!tch about paying taxes on money they don't have, and never will have. Why do they want to give the wealthy a tax cut when they simply don't need it???[/Quote]

    No, by all means let raise taxes on those who employee people. This is the PERFECT time to do it. Always makes perfect sense to raise taxes in a bad economy.....sigh
    And lower taxes are not what has caused our economy to be in the state it is. Anyone who took econ 101 knows that.
    And lastly, it's not that people want to give these ultra rich people a huge tax cut. It's that they believe no one should get a tax increase. Nice spin on your part though. See, increasing taxes on one segment of the population is what one could define as discrimination. Shouldn't we ALL get to keep the current tax cuts? Afterall we ALL got a tax cut, not just the rich as the left would like people to believe. Either we all get a tax cut or we all get a tax increase. Fair is fair....or do the dems not believe in that anymore???
     
  22. You have chosen to ignore posts from scauma82. Show scauma82's posts

    Why is being rich in America a crime to the left?

    The government collects all the money it needs to operate via fees and service charges, ron paul has been saying for awhile now that if we all stopped paying taxes the gov’t would still have as much revenue as they did in 2000. so let’s get that out the way. Irecliner is right that in redistributing wealth doesn’t guarantee to combat poverty but you can’t simply say job creation does either. What good are a billion jobs if they don’t pay a decent wage? The way I believe (I could be wrong) fiscal policy was originally set up, as legal taxes are defined in the constitution is there supposed to be apportioned amongst the people. Which would suggest our founding fathers were socialists. But also remember that we haven’t been paying federal taxes forever, and its likely that once the fed is abolished we won’t be paying taxes then either. Its just like our toll system here, most of the money goes to the people who collect it.

     
  23. You have chosen to ignore posts from brat13. Show brat13's posts

    Why is being rich in America a crime to the left?

    [Quote]

    Then you haven't been listening very well. I don't know anyone who likes paying taxes. Doesn't matter which side they are on.[/Quote]

    I have to agree with Bill, to a point. I know many well-to-do Democrats who believe we are not taxed enough and don't whine when presented a tax increase. But, they also don't voluntarily check the box on their Mass tax to pay at the higher rate and they make sure on their federal return that they take EVERY deduction they are entitled to. They want everyone to involuntarily pay more taxes.
     
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  25. You have chosen to ignore posts from easydoesit2. Show easydoesit2's posts

    Why is being rich in America a crime to the left?

    It isn't a crime to be rich or poor. Nor is it a crime to be indifferent.
    But Americans have always had a predisposition to unity, compassion, charity, and neighborliness. That is why we have always developed a series of social networks to create a rising tide of living standard that raises all boats, the dinghies and the yachts. Sadly and tragically, this becomes rarer each day. It seems every individual within every group is blindly determined to win by being the last to die with the most toys. Investors fund only the greatest dollar return, CEOs make business decisions based on what's best for their own bonus, middle class people hunker down to keep as much as they possibly can, and the poor get whatever they can by hook or crook. Unabashed greed is everywhere and it threatens the foundations of the Republic, to the point where acknowlegement of God, much less respect for His commandments, is frowned upon, and religious beliefs are the basis of suspicion, murder, and war. How have we come to this?
     

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